Japan Tobacco Inc
Japan Tobacco Inc., a tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally. The company operates through three segments: Tobacco Business, Pharmaceutical Business, and Processed Food Business. It offers tobacco products, such as cigarettes, heat-not-burn tobacco products, E-vapor products, fine cut tobacco products, cigars, pi… Read more
Japan Tobacco Inc (JAPAF) - Net Assets
Latest net assets as of September 2025: $4.23 Trillion USD
Based on the latest financial reports, Japan Tobacco Inc (JAPAF) has net assets worth $4.23 Trillion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.31 Trillion) and total liabilities ($4.08 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.23 Trillion |
| % of Total Assets | 50.87% |
| Annual Growth Rate | 3.72% |
| 5-Year Change | 48.06% |
| 10-Year Change | 52.63% |
| Growth Volatility | 12.11 |
Japan Tobacco Inc - Net Assets Trend (2001–2024)
This chart illustrates how Japan Tobacco Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Japan Tobacco Inc (2001–2024)
The table below shows the annual net assets of Japan Tobacco Inc from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.85 Trillion | -1.63% |
| 2023-12-31 | $3.91 Trillion | +8.18% |
| 2022-12-31 | $3.62 Trillion | +25.32% |
| 2021-12-31 | $2.89 Trillion | +11.02% |
| 2020-12-31 | $2.60 Trillion | -5.25% |
| 2019-12-31 | $2.74 Trillion | +1.60% |
| 2018-12-31 | $2.70 Trillion | -4.98% |
| 2017-12-31 | $2.84 Trillion | +12.42% |
| 2016-12-31 | $2.53 Trillion | +0.26% |
| 2015-12-31 | $2.52 Trillion | -3.85% |
| 2014-12-31 | $2.62 Trillion | +1.02% |
| 2013-12-31 | $2.60 Trillion | +37.21% |
| 2012-12-31 | $1.89 Trillion | +10.35% |
| 2011-12-31 | $1.71 Trillion | +7.76% |
| 2010-12-31 | $1.59 Trillion | -7.66% |
| 2009-12-31 | $1.72 Trillion | +6.09% |
| 2008-12-31 | $1.62 Trillion | -24.61% |
| 2007-12-31 | $2.15 Trillion | +6.42% |
| 2006-12-31 | $2.02 Trillion | +11.24% |
| 2005-12-31 | $1.82 Trillion | +17.29% |
| 2004-12-31 | $1.55 Trillion | -0.64% |
| 2003-12-31 | $1.56 Trillion | -6.69% |
| 2002-12-31 | $1.67 Trillion | +0.66% |
| 2001-12-31 | $1.66 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Japan Tobacco Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 315.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.04 Trillion | 80.63% |
| Common Stock | $100.00 Billion | 2.65% |
| Other Comprehensive Income | $381.60 Billion | 10.13% |
| Other Components | $248.12 Billion | 6.59% |
| Total Equity | $3.77 Trillion | 100.00% |
Japan Tobacco Inc Competitors by Market Cap
The table below lists competitors of Japan Tobacco Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Overseas Bank Limited
PINK:UOVEF
|
$31.36 Billion |
|
Agilent Technologies Inc
NYSE:A
|
$31.54 Billion |
|
Carnival Plc ADS
NYSE:CUK
|
$31.61 Billion |
|
Ferrovial SE
NASDAQ:FER
|
$31.67 Billion |
|
ESSILORLUXOTTICA 1/2/O.N.
F:ESLC
|
$31.26 Billion |
|
Kotak Mahindra Bank Limited
NSE:KOTAKBANK
|
$31.22 Billion |
|
National Bank of Canada
PINK:NTIOF
|
$31.06 Billion |
|
Daikin IndustriesLtd
PINK:DKILF
|
$30.85 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Japan Tobacco Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,830,156,000,000 to 3,766,623,000,000, a change of -63,533,000,000 (-1.7%).
- Net income of 179,240,000,000 contributed positively to equity growth.
- Dividend payments of 349,645,000,000 reduced retained earnings.
- Share repurchases of 2,000,000 reduced equity.
- Other comprehensive income increased equity by 91,051,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $179.24 Billion | +4.76% |
| Dividends Paid | $349.64 Billion | -9.28% |
| Share Repurchases | $2.00 Million | -0.0% |
| Other Comprehensive Income | $91.05 Billion | +2.42% |
| Other Changes | $15.82 Billion | +0.42% |
| Total Change | $- | -1.66% |
Book Value vs Market Value Analysis
This analysis compares Japan Tobacco Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $806.55 | $28.55 | x |
| 2002-12-31 | $808.68 | $28.55 | x |
| 2003-12-31 | $786.79 | $28.55 | x |
| 2004-12-31 | $771.47 | $28.55 | x |
| 2005-12-31 | $919.88 | $28.55 | x |
| 2006-12-31 | $1023.09 | $28.55 | x |
| 2007-12-31 | $1083.62 | $28.55 | x |
| 2008-12-31 | $810.56 | $28.55 | x |
| 2009-12-31 | $860.83 | $28.55 | x |
| 2010-12-31 | $790.99 | $28.55 | x |
| 2011-12-31 | $857.75 | $28.55 | x |
| 2012-12-31 | $951.32 | $28.55 | x |
| 2014-12-31 | $1394.94 | $28.55 | x |
| 2015-12-31 | $1364.74 | $28.55 | x |
| 2016-12-31 | $1370.66 | $28.55 | x |
| 2017-12-31 | $1541.09 | $28.55 | x |
| 2018-12-31 | $1467.84 | $28.55 | x |
| 2019-12-31 | $1497.88 | $28.55 | x |
| 2020-12-31 | $1421.38 | $28.55 | x |
| 2021-12-31 | $1582.54 | $28.55 | x |
| 2022-12-31 | $1994.18 | $28.55 | x |
| 2023-12-31 | $2157.16 | $28.55 | x |
| 2024-12-31 | $2121.20 | $28.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Japan Tobacco Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.69%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.22x
- Recent ROE (4.76%) is below the historical average (11.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 2.28% | 0.81% | 1.48x | 1.90x | $-124.46 Billion |
| 2002 | 4.64% | 1.68% | 1.52x | 1.82x | $-86.96 Billion |
| 2003 | -0.50% | -0.16% | 1.53x | 2.01x | $-158.40 Billion |
| 2004 | 4.18% | 1.34% | 1.56x | 1.99x | $-87.24 Billion |
| 2005 | 11.43% | 4.35% | 1.53x | 1.72x | $25.29 Billion |
| 2006 | 10.75% | 4.42% | 1.42x | 1.72x | $14.75 Billion |
| 2007 | 11.50% | 3.72% | 1.26x | 2.45x | $31.08 Billion |
| 2008 | 7.95% | 1.81% | 1.76x | 2.50x | $-31.92 Billion |
| 2009 | 8.39% | 2.26% | 1.58x | 2.35x | $-26.52 Billion |
| 2010 | 9.57% | 2.34% | 1.73x | 2.36x | $-6.54 Billion |
| 2011 | 19.64% | 15.78% | 0.55x | 2.24x | $157.48 Billion |
| 2012 | 19.02% | 16.21% | 0.55x | 2.13x | $163.00 Billion |
| 2013 | 17.08% | 17.83% | 0.52x | 1.84x | $177.43 Billion |
| 2014 | 14.31% | 17.97% | 0.43x | 1.85x | $109.24 Billion |
| 2015 | 19.81% | 21.56% | 0.49x | 1.86x | $240.53 Billion |
| 2016 | 17.17% | 19.68% | 0.45x | 1.93x | $176.09 Billion |
| 2017 | 14.21% | 18.34% | 0.41x | 1.89x | $116.24 Billion |
| 2018 | 14.66% | 17.40% | 0.41x | 2.08x | $122.62 Billion |
| 2019 | 13.08% | 16.00% | 0.39x | 2.09x | $81.92 Billion |
| 2020 | 12.30% | 14.83% | 0.39x | 2.13x | $57.97 Billion |
| 2021 | 12.05% | 14.56% | 0.40x | 2.06x | $57.56 Billion |
| 2022 | 12.50% | 16.66% | 0.41x | 1.85x | $88.67 Billion |
| 2023 | 12.59% | 16.98% | 0.39x | 1.90x | $99.27 Billion |
| 2024 | 4.76% | 5.69% | 0.38x | 2.22x | $-197.42 Billion |
Industry Comparison
This section compares Japan Tobacco Inc's net assets metrics with peer companies in the Tobacco industry.
Industry Context
- Industry: Tobacco
- Average net assets among peers: $5,858,986,463,090
- Average return on equity (ROE) among peers: -0.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Japan Tobacco Inc (JAPAF) | $4.23 Trillion | 2.28% | 0.97x | $31.32 Billion |
| American Cannabis Company Inc (AMMJ) | $-2.10 Million | 0.00% | 0.00x | $92.90K |
| British American Tobacco p.l.c. (BTI) | $67.40 Billion | 10.09% | 1.04x | $124.44 Billion |
| 1606 Corp. (CBDW) | $-1.41 Million | 0.00% | 0.00x | $850.32K |
| Charlie's Holdings Inc. (CHUC) | $-6.00 Million | 0.00% | 0.00x | $6.72 Million |
| Cartel Blue Inc (CRTL) | $248.02K | -148.21% | 3.77x | $186.58 |
| Eco-Growth Strategies Inc (ECGS) | $-8.24 Million | 0.00% | 0.00x | $1.14K |
| PT Gudang Garam Tbk (GDNGY) | $58.52 Trillion | 13.07% | 0.34x | $1.07 Billion |
| Globrands Ltd (GLBGF) | $47.77 Million | 124.48% | 9.33x | $53.17 Million |
| Greenlane Holdings Inc (GNLN) | $-11.06 Million | 0.00% | 0.00x | $995.49K |
| Gold Flora Corp (GRAMW) | $-23.58 Million | 0.00% | 0.00x | $287.49K |