Japan Tobacco 2024 earnings report: Revenue increased by 10.9% to $20.5 billion, and parent profit decreased slightly by 3.9%

Japan Tobacco 2024 earnings report: Revenue increased by 10.9% to $20.5 billion, and parent profit decreased slightly by 3.9%

Japan Tobacco released its financial report for 2024, which shows that its sales revenue in 2024 reached 3.15 trillion yen (about 20.5 billion US dollars), an increase of 10.9%. Operating profit was 697.2 billion yen (approximately $4.5 billion), an increase of 3.7%. Net profit attributable to the owner of the parent company was 463.4 billion yen (approximately US $3 billion), down 3.9% year-on-year.

On February 13, Japan Tobacco Industry Co., LTD. (JTI) released its 2024 financial report, which shows that its sales revenue in 2024 reached 3.15 trillion yen (about 20.5 billion US dollars), an increase of 10.9%. Operating profit was 697.2 billion yen (approximately $4.5 billion), an increase of 3.7%. Net profit attributable to the owner of the parent company was 463.4 billion yen (approximately US $3 billion), down 3.9% year-on-year.

Financial report data | Source: JT

The report shows that Japan Tobacco has gradually diversified its business layout, and the tobacco business remains the core revenue pillar of Japan Tobacco, contributing 2.78 trillion yen (about $18 billion) in revenue. The growth was mainly in Asia, Europe and the Middle East/Africa (EMA) markets, demonstrating Japan Tobacco's continued competitiveness in the global tobacco market.

Sales in the pharmaceutical business fell slightly to 94.4 billion yen ($620 million). The report noted that this decline was mainly influenced by increased competition in the market. The food business showed momentum, with sales reaching 157.2 billion yen (approximately $1 billion), contributing to the group's revenue diversification.

Financial report data | Source: JT

Japan Tobacco gave an outlook for 2025, predicting that sales revenue is expected to continue to grow by 3.9 percent to 3.27 trillion yen (about $21.2 billion). Adjusted operating profit is expected to fall 2.2 percent to 735 billion yen (about $4.8 billion). Net profit attributable to the owner of the parent company is expected to fall 2.9 percent to 450 billion yen (about $3 billion).

Financial report data | Source: JT