Japan Tobacco Inc. JAPAY OTC

Japan Tobacco Inc. (JAPAY) reported strong year-over-year revenue growth of +11.1% through 2025-12 (TTM revenue vs prior-year TTM). The latest quarter net income was –$1.6B, with a YoY change of +186.5%. The net profit margin is -0.2%, which is negative. the company was profitable in 3 out of the last 4 quarters. The gross margin is 56.2% (high), up 0.9pp vs the prior year. With a $66B market cap, MOAT composite score of 84/100 (strong competitive position).

Criteria proven by this page:

• GROWTH (90/100, Pass) — proving strong growth momentum
• PAST (100/100, Partial) — profitability has been inconsistent. Looking at the full 25-year annual history, the company was profitable in 24 of 25 years — an excellent long-term track record
• INCOME (55/100, Fail) — the company is currently operating at a loss
• MOAT (84/100, Pass) — strong gross margins and market scale prove a durable competitive advantage

Overall SharesGrow Score: 75/100 with 5/7 criteria passed.