Japan Tobacco's Attributable Profit Jumps 35% in H1; 2026 Year-End Revenue, Profit Forecast Revised Upward
Japan Tobacco's (TYO:2914) attributable profit increased 35% to 431.8 billion yen in the first half from 319.9 billion yen in the year-ago period, according to a Thursday disclosure to the Tokyo Exchange.Diluted earnings per share at the tobacco producer grew to 243.22 yen from 180.17 yen. The figure beat the 105.97 yen forecast tracked by Investing.com.Revenue grew nearly 18% to 1.986 trillion yen during the half from 1.687 trillion yen a year earlier, also exceeding the forecast of 978.21 billion yen.The tobacco segment contributed 1.906 trillion yen during the half, higher than the 1.609 trillion yen in the first half of 2025. Revenue from reduced-risk products such as heated tobacco and vapes increased 40.7% to 78.6 billion yen while sales volume grew 33.8% to 8.4 billion units.Meanwhile, second-quarter sales of combustibles in emerging and developed markets saw robust volume and market share performance, Jefferies said in a Thursday note.Japan Tobacco declared a dividend of 136 yen per share, higher than the previous forecast of 121 yen, payable Sept. 1. JTI plans to also pay out a year-end dividend of 136 yuan per share, bringing the 2026 total to 272 yuan per share.The company revised its year-end profit forecast by 74 billion yen to 644 billion yen due to higher operating profit and lower financial costs. JTI updated its revenue forecast by 188 billion yen to 3.885 trillion yen to reflect upward revisions in its tobacco operations and forex improvements.
