Japan Tobacco’s 2026 first quarter financial results
All figures compare the first quarter of 2026 to the same period in 2025.
- Total Revenue: Up 15.2% to JPY 924.0 billion.
- Core Revenue: Up 9.8% to JPY 842.5 billion (calculated using constant exchange rates).
- Adjusted Operating Profit: Up 22.8% to JPY 315.5 billion.
- Operating Profit: Up 24.7% to JPY 304.6 billion.
- Profit: Up 27.3% to JPY 197.0 billion.
CEO's perspective
Takehiko Tsutsui, president and CEO of JT Group, noted that the company maintained the momentum seen in 2025. Growth was driven by strong pricing and increased market share in traditional tobacco products and the expansion of Ploom AURA, which is now available in 25 markets. “notwithstanding the volatile operating environment, we will continue to steadily execute investments that support sustainable growth and we remain focused on delivering our full-year performance outlook," said Tsutsui.
Key financial adjustments
To ensure clear year-over-year comparisons, JT Group has adjusted its reporting in the following ways:
Their pharmaceutical Business sector is now classified as "discontinued operations." Previous results have been adjusted so the 2025 and 2026 figures are compared on an equal basis.
Following a 2025 legal settlement in Canada, JT Group’s subsidiary (JTI-Macdonald Corp.) must make annual payments based on its net income. Because these payments affect cash flow differently than they appear on profit statements, the company now deducts these costs from its reported profit figures to provide a more accurate financial picture.
Results have been adjusted to account for extreme inflation in markets such as Iran, Myanmar, and Turkey, following international accounting standards.
