Japan Tobacco Inc

2914: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	LOCK\|$$	LOCK\|&LF	LOCK\|t?Cy>K

Japan Tobacco Earnings: Raising Fair Value Estimate by 8% as Price Increases Should Continue in 2027

Kristoffer Inton

Oct 30, 2026

Japan Tobacco's momentum continued in the third quarter as core tobacco revenue grew 6%, primarily on higher prices. Tobacco adjusted operating profit margin expanded by more than 2 percentage points to 35%.

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Japan Tobacco Inc

Japan Tobacco Earnings: Raising Fair Value Estimate by 8% as Price Increases Should Continue in 2027

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