
Japan Tobacco Inc. (JAPAY) Q4 2025 Earnings Call Transcript
Japan Tobacco Inc. (JAPAY) Q4 2025 Earnings Call Transcript
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Japan Tobacco Inc. (JAPAY) Q4 2025 Earnings Call Transcript

Does JAPAN TOB (JAPAY) have what it takes to be a top stock pick for momentum investors? Let's find out.

JAPAN TOB (JAPAY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Japan Tob (OTCMKTS:JAPAY - Get Free Report) shares hit a new 52-week high during trading on Friday. The stock traded as high as $19.12 and last traded at $18.91, with a volume of 1186 shares traded. The stock had previously closed at $18.87. Analysts Set New Price Targets Separately, Barclays reissued an "underweight" rating

British American Tobacco (NYSE: BTI - Get Free Report) and Japan Tob (OTCMKTS:JAPAY - Get Free Report) are both large-cap consumer staples companies, but which is the superior stock? We will contrast the two companies based on the strength of their valuation, profitability, risk, earnings, institutional ownership, analyst recommendations and dividends. Volatility and Risk British American

I stick to a "Buy" rating for Japan Tobacco after analyzing its prospects for the short-term and medium-term. JAPAY's 3Q25 adjusted operating profit jumped 30% YoY, thanks to price hikes and higher volumes. The company is anticipating a 24% rise in operating earnings for the full year; it still has plans for additional pricing adjustments.

Japan Tobacco Inc. (OTCPK:JAPAY) Q3 2025 Earnings Call October 30, 2025 4:00 AM EDT Company Participants Hiromasa Furukawa - Senior VP, CFO & Corporate Communications Nobuya Kato - Executive VP & Deputy CEO Conference Call Participants Hiroshi Saji - Mizuho Securities Co., Ltd., Research Division Makoto Morita - Nomura Securities Co. Ltd.

Japan Tobacco Inc. (OTCPK:JAPAY) Q2 2025 Earnings Call July 31, 2025 4:00 AM ET Company Participants Hiromasa Furukawa - Senior VP, CFO & Corporate Communications Nobuya Kato - Executive VP & Deputy CEO Conference Call Participants Fujiwara - Unidentified Company Haruka Miyake - Morgan Stanley, Research Division Hiroshi Saji - Mizuho Securities Co., Ltd., Research Division Makoto Morita - Unidentified Company Takashi Miyazaki - Goldman Sachs Group, Inc., Research Division Tsukasa Furuta - Unidentified Company Hiromasa Furukawa Good afternoon.

With recent market highs and no shortage of thrills, some investors might be ready to turn the excitement down a notch or two. Tobacco companies often pay high dividend yields backed by decades of proven reliability supported by durable revenues. Six tobacco companies were evaluated using a relative quality matrix with factors including yield, payout ratio, value, profitability, growth, and leverage.

Japan Tobacco continues to deserve a Buy rating, taking into consideration recent corporate developments. The sale of its non-core pharmaceutical business should lead to a narrowing of the holding company valuation discount and more generous cash distributions. JAPAY is also introducing its latest heated tobacco device and new high-end tobacco stick brand in July this year.

Japan Tobacco Inc. (OTCPK:JAPAY) Q1 2025 Results Conference Call May 7, 2025 6:00 AM ET Company Participants Hiromasa Furukawa - Group Chief Financial Officer Dinesh Babu Thotakura - General Manager Nobuya Kato - JTI Deputy CEO Conference Call Participants Kazuaki Hashiguchi - Daiwa Securities Tsukasa Furuta - SMBC Nikko Takashi Miyazaki - Goldman Sachs Haruka Miyake - Morgan Stanley Makoto Morita - Nomura Securities Satoshi Fujiwara - JPMorgan Hiroshi Saji - Mizuho Securities Hiromasa Furukawa Good afternoon. I'm Hiromasa Furukawa, CFO of the JT Group.

Investors should remain calm amid market volatility and consider buying during price dips, with 2025 expected to see more turbulence. Kenvue's strong brand portfolio and solid liquidity offer price stability and a 3.59% dividend yield, despite potential headwinds from tariffs and economic slowdown. Altria Group, with its 7% yield and Dividend King status, provides stability and potential upside during economic uncertainty, leveraging its pricing power and recession-proof products.

Japan Tobacco offers a high 5% dividend yield, ideal for income-focused investors, despite inconsistent annual dividend growth. The stock has appreciated by 7% annually over five years, with total returns of 12% including dividends. Though no growth is expected this year, future dividend growth is expected as the company aims for high single-digit earnings growth.

Japan Tobacco Inc. (OTCPK:JAPAY) Q4 2024 Earnings Conference Call February 14, 2025 3:00 AM ET Company Participants Masamichi Terabatake - Group President and Chief Executive Officer Eddy Pirard - President and Chief Executive Officer of JTI Hiromasa Furukawa - Group Chief Financial Officer Vassilis Vovos - Chief Financial Officer of JTI Stefan Fitz - Chief Commercial Officer of JTI Conference Call Participants Hiroshi Saji - Mizuho Securities Satoshi Fujiwara - JP Morgan Securities Operator Thank you for participating in the Investor Meeting for 2024 Full Year Results at Japan Tobacco Inc. today despite of your busy schedule. Since it is the scheduled time, allow us to get started.

I upgrade Japan Tobacco from Hold to Buy, after considering its satisfactory 2024 performance and its positive outlook. JAPAF's 2024 results met expectations with an 8% increase in both its topline and operating income. Price hikes for Camel and WITH brands should boost FY25 earnings, supported by JAPAF's dominant 43% market share in Japan.

Japan Tobacco Inc. (JAPAY) Q3 2024 Earnings Call Transcript

Japan Tobacco Inc.'s YTD gains are unsurprising, given its muted profit outlook, high market multiples, and lower dividend yield compared to peers even towards the start of the year. Its recent acquisition of Vector Group raises concerns further about Japan Tobacco's future sustainability as it focuses more on traditional tobacco than next-generation products. The acquisition's cost can also significantly impact earnings, raising the forward P/E ratio and potentially impacting dividends.

JAPAY's Q2 2024 top line grew by +14.0% YoY and exceeded the consensus projection by +4.6%, thanks to the weakening of the Japanese yen. But it is likely that the Japanese yen could strengthen going forward, and this means that Japan Tobacco's 2H and FY 2024 results are at risk of missing expectations. I lower my rating for JAPAY to a Hold in view of the potential yen appreciation headwind.

Here is how JAPAN TOB (JAPAY) and Purple Innovation (PRPL) have performed compared to their sector so far this year.

JAPAN TOB (JAPAY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.