The earnings call presented a strong financial performance with significant growth in AOP and RRP volumes, particularly driven by the success of Ploom AURA. The company revised its revenue and profit forecasts upwards, reflecting confidence in continued performance. However, challenges such as negative FX impacts and a decrease in free cash flow due to litigation settlements were noted. Despite these challenges, the positive aspects significantly outweighed the lowlights.

Company Guidance -

Q3 2025

In the recent earnings call, Hiromasa Furukawa, CFO of the JT Group, provided comprehensive guidance on the company's financial performance and outlook for FY2025. The company reported robust growth, with AOP at constant FX increasing by 24.7% YoY, primarily driven by the strong performance of the tobacco segment and the contribution of the Vector Group acquisition. Total tobacco volume increased by 0.7% YoY, with combustibles volume rising by 0.3% and RRP volume by an impressive 20.2%. The company revised its full-year forecast, expecting an 8.4% YoY increase in core revenue at constant FX and a 14.6% increase in AOP. Despite negative FX impacts, the company anticipates easing these effects due to favorable revisions of exchange rate assumptions. The call also highlighted the successful launch of the Ploom AURA in Japan, which significantly boosted the HTS segment market share. Additionally, the company announced an upward revision in its annual dividend guidance, reflecting strong business momentum and a commitment to shareholder returns.

Strong AOP Growth

AOP at constant FX increased by an impressive 24.7% YoY, driven by strong organic performance and the contribution of the Vector Group in the US.

RRP Volume Surge

RRP volume grew by a significant 20.2% YoY, driven by continued growth in both volume and market share within the HTS category, particularly in Japan.

Ploom AURA Success

Cumulative device sales of Ploom AURA exceeded those of the previous model by approximately 3x in the first three weeks of nationwide expansion in Japan.

Revised Upward Forecast

Core revenue at constant FX has been revised upward by JPY54 billion, reflecting strong momentum in the tobacco business and an upward revision in processed food business.

Annual Dividend Increase

Annual dividend guidance has been revised upward by JPY14 to JPY208, reflecting strong business performance and revised forecasts.

Japan Tobacco (JAPAF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

JAPAF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.53 / -	0.512	―	―	―
Jul 31, 2025	2025 (Q2)	0.56 / 0.61	0.552	9.83% (+0.05)
May 07, 2025	2025 (Q1)	0.54 / 0.59	0.587	0.12% (<+0.01)
Feb 13, 2025	2024 (Q4)	0.15 / 0.08	0.15	-47.99% (-0.07)
Oct 31, 2024	2024 (Q3)	0.58 / 0.51	0.579	-11.48% (-0.07)
Aug 02, 2024	2024 (Q2)	0.57 / 0.55	0.532	3.90% (+0.02)
May 09, 2024	2024 (Q1)	0.54 / 0.59	0.54	8.66% (+0.05)
Feb 13, 2024	2023 (Q4)	0.12 / 0.15	0.145	3.51% (<+0.01)
Oct 31, 2023	2023 (Q3)	0.49 / 0.58	0.522	10.90% (+0.06)
Jul 31, 2023	2023 (Q2)	0.51 / 0.53	0.523	1.67% (<+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

JAPAF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$28.95	$28.80	-0.52%
May 07, 2025	$30.17	$30.67	+1.66%
Feb 13, 2025	$23.86	$26.92	+12.82%
Oct 31, 2024	$26.63	$24.86	-6.65%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Japan Tobacco Inc. (JAPAF) report earnings?

Japan Tobacco Inc. (JAPAF) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Japan Tobacco Inc. (JAPAF) earnings time?

Japan Tobacco Inc. (JAPAF) earnings time is at Oct 30, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is JAPAF EPS forecast?

JAPAF EPS forecast for the fiscal quarter 2025 (Q3) is 0.53.

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