Japan Tobacco Inc.
Fiscal 2026 Q3 Earnings Presentation
For the cumulative Q3 of fiscal 2026, both the Tobacco and Processed Foods businesses posted year-on-year increases in revenue and profit. Adjusted operating profit rose significantly year-on-year, and results including foreign exchange effects were also strong. The full-year outlook has been revised upward, raising company-wide metrics driven by strong momentum in the Tobacco business.
Key Figures
- Revenue: 29,914 (YoY +13.6%)
- Core revenue: 27,323 (YoY +8.4%)
- Adjusted operating profit: 9,724 (YoY +21.6%)
- Net income attributable to owners of parent: 6,189 (YoY +21.0%)
- Fiscal 2026 Revised Outlook: Revenue 39,030 / Core revenue 35,580 / Adjusted operating profit 10,790 / Net income attributable to owners of parent 6,620 / FCF 5,960
AI要約
Performance Overview
Both the Tobacco and Processed Foods segments recorded revenue and profit exceeding the prior year. In particular, adjusted operating profit including foreign exchange effects expanded substantially. Pricing effects continued while mitigating downside risks from RRP and Ploom. The company-wide outlook was revised upward, increasing expectations for full-year profit growth.
Outlook and Impact for Investors
In the revised full-year outlook for fiscal 2026, key metrics including revenue, adjusted operating profit, net income attributable to owners of parent, and FCF were all revised upward. Measures to sustain momentum in the Tobacco business (pricing enhancements and market share expansion across multiple markets) and growth in emerging categories such as Ploom contributed. Foreign exchange effects are expected to be positive going forward.
Japan Tobacco Inc.
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