Japan Tobacco Inc. (JAPAY) Q4 2025 Earnings Call Transcript

SA Transcripts158.39K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Japan Tobacco Inc. (JAPAY) Q4 2025 Earnings Call February 12, 2026 4:30 AM EST Company Participants Takehiko Tsutsui - CEO & President & President of Tobacco BusinessEddy Pirard - Chief Executive Officer and PresidentHiromasa Furukawa - Senior VP, CFO & Corporate CommunicationsVassilis Vovos - CFO and Senior VP of Finance & IT Conference Call Participants Hiroshi Saji - Mizuho Securities Co., Ltd., Research DivisionMakoto Morita - Nomura Securities Co. Ltd., Research DivisionHaruka Miyake - Morgan Stanley, Research DivisionTakashi Miyazaki - Goldman Sachs Group, Inc., Research DivisionTsukasa Furuta - SMBC Nikko Securities Inc., Research DivisionShun Igarashi - Daiwa Securities Co. Ltd., Research Division Presentation Operator Thank you for participating in the Investor Meeting for 2025 Full Year Results at Japan Tobacco Inc. today, despite your busy schedules. Since it is a scheduled time, let us get started. Before we start the meeting, I'd like to ask you to make sure that your display name on the Zoom is accurate. Thank you for your cooperation. In today's meeting, first, our newly appointed JT Group CEO, Takehiko Tsutsui, who assumed the role in January 2026, will introduce the Business Plan 2026.

And Eddy Pirard, CEO of JT International, will follow and explain the tobacco business focus on FY 2025 performance. Lastly, Hiromasa Furukawa, Chief Financial Officer of the JT Group will explain JT Group 2025 results and 2026 forecast. Then we move on to the Q&A session, and this meeting is scheduled to end at 8:00 p.m.

Japan Standard Time. Now I would like to introduce the first presenter, Mr. Tsutsui, please begin. Takehiko TsutsuiCEO & President & President of Tobacco Business I am Takehiko Tsutsui, CEO of the JT Group. Thank you very much for attending our conference call today. And I would like to express my appreciation for your continued support