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Japan Tobacco (2914) · RiskProfit growth despite negative foreign exchange impactsLatest Results presentation (2026-10-29): "Mitigated"

Foreign Exchange Impact on the Overseas Tobacco Business

First written in FY2016-Q2. 5 of 37 entries say "Restated". Latest entry: 2026-10-29.

37entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2016-Q3 – FY20252016: 220162017: 420172018: 420182019: 420192020: 420202021: 420212022: 420222023: 420232024: 320242025: 120252026: 32026
Same theme, other companies
Decline in Yen-Denominated Overseas Business Sales Due to Yen AppreciationA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

0 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2025Profit growth despite negative foreign exchange impactsAnnual report

    「Adjusted operating profit including foreign exchange effects increased 21.5% year on year to ¥902.2 billion, mainly due to the negative impact of emerging-market currencies depreciating against the yen.」

    Negative foreign exchange effects from emerging-market currencies depreciating against the yen continued, but adjusted operating profit including foreign exchange effects increased 21.5% year on year.
  2. FY2024Continued negative foreign exchange impactsAnnual report

    「Adjusted operating profit on a constant-currency basis increased 7.5% year on year, mainly due to growth in the tobacco business. However, adjusted operating profit including foreign exchange effects increased 3.3% year on year to ¥751.9 billion, as foreign exchange effects from certain local currencies were negative.」

    On a constant-currency basis, adjusted operating profit increased 7.5%, but negative foreign exchange effects from certain local currencies persisted, limiting the increase on an actual basis to 3.3%.
  3. FY2024-H1Continued negative foreign exchange impactsAnnual report

    「Constant-currency adjusted operating profit increased 2.7% year on year, driven by increases in the tobacco and processed food businesses. Adjusted operating profit including foreign exchange impacts increased 2.3% year on year to ¥453.1 billion, as foreign exchange impacts in some local currencies were negative.」

    On a constant-currency basis, adjusted operating profit increased 2.7% year on year, but negative foreign exchange effects emerged from certain local currencies, bringing the increase including foreign exchange effects to 2.3%.
  4. FY2024-Q1Continued negative foreign exchange impactsAnnual report

    「Adjusted operating profit on a constant-currency basis increased 3.4% year on year, due to growth in the tobacco and processed food businesses. Adjusted operating profit including foreign exchange impacts increased 1.5% year on year to ¥226.7 billion, as foreign exchange impacts from some local currencies became negative.」

    On a constant-currency basis, adjusted operating profit increased 3.4% year on year, but negative foreign exchange effects emerged from certain local currencies, bringing the increase including foreign exchange effects to 1.5%.
  5. FY2023Continued negative foreign exchange impactsAnnual report

    「Adjusted operating profit on a constant-currency basis increased 5.2% year on year, mainly due to growth in the tobacco business. Adjusted operating profit including foreign exchange impacts was ¥728.0 billion, at the same level as the previous fiscal year, as foreign exchange impacts from some local currencies became negative.」

    Adjusted operating profit increased 5.2% on a constant-currency basis, while profit including foreign exchange impacts remained at the same level as the previous fiscal year due to negative impacts from some local currencies.
  6. FY2023-Q3Change in the direction of foreign exchange impactsAnnual report

    「Adjusted operating profit including foreign exchange impacts increased 4.2% year on year to ¥664.4 billion, as foreign exchange impacts became negative due to movements in some local currencies toward yen appreciation.」

    The disclosure changed from positive foreign exchange impacts from yen depreciation through the previous quarter to negative foreign exchange impacts resulting from movements in some local currencies toward yen appreciation.
  7. FY2023-Q2RestatedAnnual report

    「Adjusted operating profit including foreign exchange impacts increased 6.7% year on year to ¥442.8 billion, due to positive foreign exchange impacts from yen depreciation in the tobacco business.」

    As in the previous quarter, positive foreign exchange impacts from yen depreciation were disclosed as a factor contributing to the increase in adjusted operating profit in the tobacco business.
  8. FY2023-Q1Continued positive foreign exchange impacts; accelerating profit growthAnnual report

    「Adjusted operating profit including foreign exchange impacts increased 14.6% year on year to ¥223.4 billion, due to positive foreign exchange impacts from yen depreciation in the tobacco business.」

    Positive foreign exchange impacts from yen depreciation continued in the tobacco business, and adjusted operating profit including foreign exchange impacts increased 14.6% year on year.
  9. FY2022Accelerating profit growth due to positive foreign exchange impactsAnnual report

    「Adjusted operating profit including foreign exchange impacts increased 19.2% year on year to ¥727.8 billion, due in part to positive foreign exchange impacts in the tobacco business as the yen depreciated against local currencies.」

    Positive foreign exchange impacts continued, and adjusted operating profit including foreign exchange impacts increased 19.2% year on year. quantified is true, materialized is true.
  10. FY2022-Q3Continued positive foreign exchange impacts; accelerating profit growthAnnual report

    「Adjusted operating profit including foreign exchange impacts increased 17.5% year on year to ¥637.8 billion, due in part to positive foreign exchange impacts in the tobacco business as the yen depreciated against local currencies.」

    Positive foreign exchange impacts continued in the tobacco business, and adjusted operating profit including foreign exchange impacts increased 17.5% year on year.
  11. FY2022-Q2Continued positive foreign exchange impacts; accelerating profit growthAnnual report

    「Adjusted operating profit including foreign exchange impacts increased 15.8% year on year to ¥414.9 billion, due in part to positive foreign exchange impacts in the tobacco business as the yen depreciated against local currencies.」

    Positive foreign exchange impacts continued to be disclosed, and adjusted operating profit including foreign exchange impacts increased 15.8% year on year.
  12. FY2022-Q1RestatedAnnual report

    「Adjusted operating profit including foreign exchange impacts increased 9.4% year on year to ¥194.9 billion, due in part to positive foreign exchange impacts in the tobacco business as the yen depreciated against local currencies.」

    The tobacco business continued to disclose positive foreign exchange impacts as a factor contributing to the increase in adjusted operating profit, following the previous fiscal year.
  13. FY2021Continued positive foreign exchange impactsAnnual report

    「Adjusted operating profit including foreign exchange impacts increased 25.4% year on year to ¥610.4 billion, due to positive foreign exchange impacts in the foreign tobacco business.」

    The annual results disclose positive foreign exchange impacts in the foreign tobacco business as a factor contributing to the increase in adjusted operating profit.
  14. FY2021-Q3Positive foreign exchange impactAnnual report

    「Adjusted operating profit including foreign exchange impacts increased 23.0% year on year to ¥542.9 billion, due in part to positive foreign exchange impacts in the foreign tobacco business.」

    The disclosure changed from the previous description of negative foreign exchange impacts to positive foreign exchange impacts in the foreign tobacco business as a factor contributing to the increase in adjusted operating profit for the nine months ended the third quarter.
  15. FY2021-Q2Profit growth despite negative foreign exchange impactsAnnual report

    「Adjusted operating profit in dollar terms, including foreign exchange impacts, increased 26.5% year on year despite negative foreign exchange impacts from declines in the IRR and RUB, among other currencies, and increased investment in RRPs, among other factors, due to pricing and volume effects. On a constant-currency basis, it increased 29.2%.」

    In the foreign tobacco business, adjusted operating profit in dollar terms increased 26.5% due to pricing and volume effects despite negative foreign exchange impacts, and increased 29.2% on a constant-currency basis.
  16. FY2021-Q1Profit growth despite negative foreign exchange impactsAnnual report

    「Despite negative foreign exchange impacts, own tobacco product revenue and adjusted operating profit increased 11.8% and 28.4%, respectively, year on year, due to positive pricing and volume effects.」

    In the foreign tobacco business, revenue and adjusted operating profit increased due to pricing and volume effects despite negative foreign exchange impacts.
  17. FY2020Profit growth despite negative foreign exchange impactsAnnual report

    「Adjusted operating profit in dollar terms, including foreign exchange impacts, increased 1.8% year on year despite negative foreign exchange impacts, due to pricing and volume effects, among other factors. On a constant-currency basis, it increased 16.8%.」

    Negative foreign exchange impacts continued, but adjusted operating profit in dollar terms increased 1.8% due to pricing and volume effects, and increased 16.8% on a constant-currency basis.
  18. FY2020-Q3Profit growth despite negative foreign exchange impactsAnnual report

    「Own tobacco product revenue and adjusted operating profit increased 1.6% and 6.2%, respectively, year on year, as positive pricing and volume effects outweighed negative foreign exchange impacts.」

    In the foreign tobacco business, own tobacco product revenue and adjusted operating profit increased 1.6% and 6.2%, respectively, despite negative foreign exchange impacts, due to pricing and volume effects.
  19. FY2020-Q2Profit growth in yen terms despite negative foreign exchange impactsAnnual report

    「Adjusted operating profit in dollar terms, including foreign exchange impacts, increased 17.6% year on year despite negative foreign exchange impacts, due mainly to pricing effects. On a constant-currency basis, it increased 27.3%.」

    In the foreign tobacco business, adjusted operating profit in dollar terms increased 17.6% despite negative foreign exchange impacts, due mainly to pricing effects, and increased 27.3% on a constant-currency basis.
  20. FY2020-Q1Revenue and profit growth despite negative foreign exchange impactsAnnual report

    「Despite negative foreign exchange impacts, own tobacco product revenue and adjusted operating profit increased 8.8% and 16.7%, respectively, year on year, due to the effects of pricing and volume.」

    Although negative foreign exchange impacts continued in the foreign tobacco business, own tobacco product revenue and adjusted operating profit in yen terms increased due to pricing and volume effects.
  21. FY2019Continued negative foreign exchange impactsAnnual report

    「Adjusted operating profit including foreign exchange impacts decreased 13.4% year on year to ¥515.9 billion, as the foreign tobacco business was affected by negative foreign exchange movements.」

    In the foreign tobacco business, adjusted operating profit increased 0.9% year on year on a constant-currency basis, but decreased 13.4% when foreign exchange impacts were included, due to negative foreign exchange movements.
  22. FY2019-Q3Continued negative foreign exchange impactsAnnual report

    「Own tobacco product revenue and adjusted operating profit decreased 1.2% and 12.0%, respectively, year on year, as a result of negative foreign exchange impacts, despite the effects of pricing and volume, including the impact of acquisitions.」

    In the foreign tobacco business, revenue and adjusted operating profit in yen terms decreased due to negative foreign exchange impacts, despite positive pricing and acquisition-related volume effects.
  23. FY2019-Q2Continued negative foreign exchange impactsAnnual report

    「Own tobacco product revenue and adjusted operating profit decreased 2.0% and 13.5%, respectively, year on year, as negative foreign exchange impacts outweighed the effects of pricing and volume, including the impact of acquisitions. On a constant-currency basis, revenue increased 8.5% and adjusted operating profit increased 9.3% year on year.」

    In the foreign tobacco business, revenue and adjusted operating profit in yen terms decreased due to negative foreign exchange movements against the dollar, despite positive volume and pricing effects. On a constant-currency basis, revenue and profit increased.
  24. FY2019-Q1Negative impact of local-currency depreciationAnnual report

    「Own tobacco product revenue and adjusted operating profit decreased 2.7% and 7.4%, respectively, year on year, as negative foreign exchange impacts outweighed the effects of pricing and volume, including the impact of acquisitions.」

    In the foreign tobacco business, revenue and adjusted operating profit in yen terms decreased due to negative foreign exchange movements against the dollar, despite positive volume and pricing effects.
  25. FY2018Continued negative foreign exchange impactsAnnual report

    「Both own tobacco product revenue and adjusted operating profit were affected by negative foreign exchange movements.」

    Although revenue and adjusted operating profit in the foreign tobacco business increased, the disclosure states that negative foreign exchange impacts continued upon translation into yen.
  26. FY2018-Q3Revenue and profit growth despite the impact of yen appreciationAnnual report

    「Own tobacco product revenue and adjusted operating profit in yen terms increased 8.0% and 9.7%, respectively, year on year, despite the impact of yen appreciation when translated into yen.」

    Although the impact of yen appreciation was disclosed, own tobacco product revenue in the foreign tobacco business increased 8.0% in yen terms, while adjusted operating profit increased 9.7%.
  27. FY2018-Q2Revenue and profit growth despite the impact of yen appreciationAnnual report

    「Own tobacco product revenue and adjusted operating profit in yen terms increased 7.4% and 9.8%, respectively, year on year, despite the impact of yen appreciation when translated into yen.」

    Although the impact of yen appreciation was disclosed, revenue in the foreign tobacco business increased 7.4% in yen terms, while adjusted operating profit increased 9.8%.
  28. FY2018-Q1Revenue and profit growth despite the impact of yen appreciationAnnual report

    「Own tobacco product revenue and adjusted operating profit in yen terms increased 6.8% and 4.7%, respectively, year on year, despite the impact of yen appreciation when translated into yen.」

    Although the impact of yen appreciation was disclosed, own tobacco product revenue in the foreign tobacco business increased 6.8% in yen terms, while adjusted operating profit increased 4.7%.
  29. FY2017Continued impact of yen depreciation; revenue and profit growthAnnual report

    「Own tobacco product revenue and adjusted operating profit in yen terms increased 3.4% and 4.5%, respectively, year on year, due to the impact of yen depreciation when translated into yen.」

    The impact of yen depreciation increased both revenue and adjusted operating profit in the foreign tobacco business in yen terms.
  30. FY2017-Q3Continued impact of yen depreciation; accelerating profit growthAnnual report

    「Own tobacco product revenue and adjusted operating profit in yen terms increased 1.1% and 7.8%, respectively, year on year, due to the impact of yen depreciation when translated into yen.」

    Due to the impact of yen depreciation, own tobacco product revenue in the foreign tobacco business increased 1.1% in yen terms, while adjusted operating profit increased 7.8%.
  31. FY2017-Q2Change in the direction of foreign exchange impactsAnnual report

    「Own tobacco product revenue and adjusted operating profit in yen terms decreased 1.2% and increased 1.0%, respectively, year on year, due to the impact of yen depreciation when translated into yen.」

    The disclosure changed from the impact of yen appreciation through the previous quarter to the impact of yen depreciation in the current quarter. Revenue in yen terms decreased 1.2%, while adjusted operating profit increased 1.0%.
  32. FY2017-Q1RestatedAnnual report

    「Own tobacco product revenue and adjusted operating profit in yen terms decreased 3.1% and 7.6%, respectively, year on year, due to the impact of yen appreciation when translated into yen.」

    The pattern of yen appreciation reducing the foreign tobacco business's revenue and adjusted operating operating profit in yen terms continued. On a constant-currency basis, adjusted operating profit increased 1.5%.
  33. FY2016RestatedAnnual report

    「Own tobacco product revenue and adjusted operating profit in yen terms decreased 9.1% and 14.7%, respectively, year on year, due to the impact of yen appreciation when translated into yen.」

    In the foreign tobacco business, revenue and adjusted operating profit in yen terms were reduced by unfavorable foreign exchange movements in local currencies.
  34. FY2016-Q3RestatedAnnual report

    「Despite higher sales volume and the benefit of pricing, own tobacco product revenue in dollar terms increased 3.1% year on year, while adjusted operating profit decreased 3.3%, due mainly to unfavorable foreign exchange movements in local currencies, including the rouble. On a constant-currency basis, adjusted operating profit increased 15.4%.」

    In the foreign tobacco business, unfavorable foreign exchange movements in local currencies reduced revenue in yen terms and profit, while adjusted operating profit increased 15.4% on a constant-currency basis.
  35. FY2016-Q2MaterialisedAnnual report

    「Revenue decreased by ¥18.3 billion year on year to ¥1.0769 trillion, down 1.7%, as all businesses performed steadily but the foreign tobacco business was affected by unfavorable foreign exchange movements. On a constant-currency basis, adjusted operating profit increased 14.3% year on year.」

    Although unfavorable foreign exchange movements reduced consolidated revenue and the foreign tobacco business's results in yen terms, adjusted operating profit increased 14.3% on a constant-currency basis.
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"Sustainable Growth Over the Medium to Long Term" moved the same way as this thread, in the same document, in 2 of its 37 moves.

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  1. ★This thread
  2. 1Sustainable Growth Over the Medium to Long Term2×
  3. 2Profit Improvement in the Processed Foods Business through Product Mix Improvement and Cost Reduction2×
  4. 3Strengthening Brand Equity Centered on GFB2×
  5. 4Strengthening Efforts in Emerging Products2×

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Japan Tobacco's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the Results presentation of 2026-10-29: "Mitigated".
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Foreign Exchange Impact on the Overseas Tobacco Business | JAPAN TOBACCO INC. (2914) | Komori