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

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 Tsutsui
CEO & 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