Japan TobaccoJAPAF 78 Dividend Yield % is 4.03% as of Jun. 25, 2026, which is 24% below its 10-year median of 5.30. GuruFocus rates JAPAF with a GF Score™ of 78/100 and a GF Value™ of $33.10 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 31 Tobacco Products companies, Japan Tobacco ranks worse than 61.29% on this metric.
As of today (2026-06-25), the Trailing Annual Dividend Yield of Japan Tobacco is 4.03%.
The historical rank and industry rank for Japan Tobacco's Dividend Yield % or its related term are showing as below:
JAPAF'
s Dividend Yield % Range Over the Past 10 Years
Min: 2.98 Med: 5.3 Max: 8.5
Current: 4.03
During the past 13 years, the highest Dividend Yield of Japan Tobacco was 8.50%. The lowest was 2.98%. And the median was 5.30%.
JAPAF's Dividend Yield % is ranked worse than 61.29% of 31
companies
in the Tobacco Products industry
Industry Median: 5.27
vs JAPAF: 4.03
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Japan Tobacco Inc is 0.77, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Japan Tobacco was 1.99. The lowest was 0.55. And the median was 0.74.
During the past 12 months, Japan Tobacco's average Dividends Per Share Growth Rate was 20.60% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 7.60% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 9.30% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 6.00% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Japan Tobacco was 41.30% per year. The lowest was -2.30% per year. And the median was 13.40% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Japan Tobacco (OTCPK:JAPAF) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
The historical data trend for Japan Tobacco's Dividend Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Tobacco subindustry, Japan Tobacco's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Japan Tobacco Dividend Yield % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Japan Tobacco's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Japan Tobacco Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
JPY 130.000000
2025-12-29
2025-12-31
2026-03-26
Cash Dividend
semi-annually
JPY:USD 0.006378
JPY 104.000000
2025-06-27
2025-06-30
2025-09-01
Cash Dividend
semi-annually
JPY:USD 0.006936
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Japan Tobacco's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
1.550484
/
37.74
=
4.11 %
Current Share Price is $37.74. Japan Tobacco's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.550484.
Japan Tobacco's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
1.65828
/
37.74
=
4.39 %
Current Share Price is $37.74. Japan Tobacco's Dividends per Share for the forward twelve months is calculated as $0.82914 * 2 = $1.65828.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Japan Tobacco (JAPAF) has a Dividend Yield % of 4.03% as of Jun. 25, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Japan Tobacco and its competitors. This is 24% below median its historical median of 5.30. Over the past decade, Japan Tobacco's Dividend Yield % has ranged from 2.98 to 8.50. According to the industry distribution chart, Japan Tobacco ranks #19 out of 31 companies in the Tobacco Products industry, placing it in the top 61.3%.
Is Japan Tobacco's Dividend Yield % too high?
Japan Tobacco's current Dividend Yield % of 4.03% is 24% below median its 10-year median of 5.30. Over the past 10 years, this metric has ranged from a low of 2.98 to a high of 8.50. The Tobacco Products industry median Dividend Yield % is 5.27. Japan Tobacco's value of 4.03% is 23.5% below this industry median. Based on the distribution chart, Japan Tobacco ranks #19 out of 31 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, Japan Tobacco has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Tobacco's Dividend Yield % compare to PM and MO?
According to the Tobacco Products industry distribution chart, Japan Tobacco ranks #19 out of 31 companies for Dividend Yield %. This places Japan Tobacco in the lower half of its industry. The industry median Dividend Yield % is 5.27. Japan Tobacco's value of 4.03% is 23.5% below this benchmark. Historically, Japan Tobacco's own Dividend Yield % has ranged from 2.98 to 8.50 over the past decade. While the company's 10-year median is 5.30 vs. the industry median of 5.27, Japan Tobacco has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Yield % for a Tobacco Products company?
The median Dividend Yield % among Tobacco Products companies is 5.27, based on 31 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Japan Tobacco's current Dividend Yield % of 4.03% is 23.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Japan Tobacco and its competitors. For the Tobacco Products industry, the median Dividend Yield % is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Tobacco's current Dividend Yield % is 4.03%, which is 24% below median its own 10-year median of 5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Tobacco stock overvalued right now?
Based on GuruFocus' analysis, Japan Tobacco (JAPAF) is currently considered Modestly Overvalued. The stock's GF Value™ is $33.10, compared to a current price of $37.74 — trading 14% above its estimated fair value. The current Dividend Yield % is 4.03%, which is 24% below median its 10-year median of 5.30 and 23.5% below the Tobacco Products industry median of 5.27. Japan Tobacco's overall GF Score™ is 78/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Japan Tobacco (JAPAF), the current Dividend Yield % is 4.03% as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Japan Tobacco (JAPAF) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Tobacco stock appears to be overvalued.
The current stock price of $37.74 is trading 14% above its estimated GF Value™ of $33.10.
GuruFocus considers Japan Tobacco to be Modestly Overvalued.
Key valuation signals for JAPAF:
Dividend Yield %: 4.03% (24% below median its 10-year median of 5.30)
GF Value™: $33.10 vs. price of $37.74 (14% above fair value)
Industry Position: 23.5% below the Tobacco Products median (#19 of 31)
No single metric tells the full story. See the JAPAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Tobacco primarily sells cigarettes and reduced-risk products, organized in three clusters consisting of Asia (which includes its home market and countries in Asia Pacific), Western Europe, and EMA (which includes Eastern Europe, the Middle East North Africa, Turkey, Americas, and duty-free). Its leading cigarette brands include Winston (non-US), Camel (non-US), Mevius, and LD. Its reduced-risk brands include Logic in vaping, Ploom in heated tobacco, and Nordic Spirit in nicotine pouches, though these generates less than 5% of tobacco sales.
78GF Score
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