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Home › Companies › JAPAN TOBACCO INC. › 2024-2025

JAPAN TOBACCO INC. 2024-2025 Proxy Voting Records

At JAPAN TOBACCO INC.'s shareholder meeting held March 26, 2025, in the 2024-2025 proxy season, 86 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,841 separate fund positions. Their filings are grouped here into 25 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Elect Director Yamashina, Hiroko — the reporting funds cast 99.9% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 25Reported items
  • 86Asset managers
  • 2,841Fund votes
  • March 26, 2025Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from JAPAN TOBACCO INC. has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore JAPAN TOBACCO INC. in the interactive database Compare manager voting policies

How asset managers voted at the JAPAN TOBACCO INC. 2024-2025 meeting

Each item below shows how the 86 asset managers that disclosed a JAPAN TOBACCO INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of JAPAN TOBACCO INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Director Yamashina, Hiroko

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 71 asset managers

The 71 asset managers below reported 17,627,789 for, 17,082 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 17,627,789AGAINST: 17,082
Largest asset managers voting on “Elect Director Yamashina, Hiroko” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
WisdomTree4,452,5840 00For
Charles Schwab3,380,4550 00For
Fidelity1,994,1350 00For
SEI1,066,4410 00For
Legg Mason984,2340 00For
Franklin Templeton704,1290 00For
MoA Funds Corp427,5930 00For
Northern Trust371,6050 00For
Vanguard306,5550 00For
Columbia Threadneedle298,1680 00For
Dimensional247,3200 00For
TIAA219,7850 00For
ALPS ETF Trust208,1000 00For
Equitable200,3400 00For
Lincoln Financial198,5000 00For
Russell Investments195,5000 00For
AQR192,9980 00For
First Trust178,2700 00For
Victory Capital173,9530 00For
OLD WESTBURY FUNDS INC172,2520 00For
Lattice Strategies Trust136,8000 00For
DWS134,6230 00For
Thrivent121,8000 00For
Nationwide118,9030 00For
Prudential/PGIM116,4890 00For

Showing the 25 largest of 71 asset managers. All 71 are in the interactive database (link above).

2. Elect Director Nakano, Kei

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 71 asset managers

The 71 asset managers below reported 17,633,437 for, 11,434 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 17,633,437AGAINST: 11,434
Largest asset managers voting on “Elect Director Nakano, Kei” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
WisdomTree4,452,5840 00For
Charles Schwab3,380,4550 00For
Fidelity1,994,1350 00For
SEI1,066,4410 00For
Legg Mason984,2340 00For
Franklin Templeton704,1290 00For
MoA Funds Corp427,5930 00For
Northern Trust371,6050 00For
Vanguard306,5550 00For
Columbia Threadneedle298,1680 00For
Dimensional247,3200 00For
TIAA219,7850 00For
ALPS ETF Trust208,1000 00For
Equitable200,3400 00For
Lincoln Financial198,5000 00For
Russell Investments195,5000 00For
AQR192,9980 00For
First Trust178,2700 00For
Victory Capital173,9530 00For
OLD WESTBURY FUNDS INC172,2520 00For
Lattice Strategies Trust136,8000 00For
DWS134,6230 00For
Thrivent121,8000 00For
Nationwide118,9030 00For
Prudential/PGIM116,4890 00For

Showing the 25 largest of 71 asset managers. All 71 are in the interactive database (link above).

3. Elect Director Asakura, Kenji

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 71 asset managers

The 71 asset managers below reported 17,633,437 for, 11,434 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 17,633,437AGAINST: 11,434
Largest asset managers voting on “Elect Director Asakura, Kenji” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
WisdomTree4,452,5840 00For
Charles Schwab3,380,4550 00For
Fidelity1,994,1350 00For
SEI1,066,4410 00For
Legg Mason984,2340 00For
Franklin Templeton704,1290 00For
MoA Funds Corp427,5930 00For
Northern Trust371,6050 00For
Vanguard306,5550 00For
Columbia Threadneedle298,1680 00For
Dimensional247,3200 00For
TIAA219,7850 00For
ALPS ETF Trust208,1000 00For
Equitable200,3400 00For
Lincoln Financial198,5000 00For
Russell Investments195,5000 00For
AQR192,9980 00For
First Trust178,2700 00For
Victory Capital173,9530 00For
OLD WESTBURY FUNDS INC172,2520 00For
Lattice Strategies Trust136,8000 00For
DWS134,6230 00For
Thrivent121,8000 00For
Nationwide118,9030 00For
Prudential/PGIM116,4890 00For

Showing the 25 largest of 71 asset managers. All 71 are in the interactive database (link above).

4. Elect Director Shimayoshi, Koji

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 71 asset managers

The 71 asset managers below reported 17,633,437 for, 11,434 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 17,633,437AGAINST: 11,434
Largest asset managers voting on “Elect Director Shimayoshi, Koji” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
WisdomTree4,452,5840 00For
Charles Schwab3,380,4550 00For
Fidelity1,994,1350 00For
SEI1,066,4410 00For
Legg Mason984,2340 00For
Franklin Templeton704,1290 00For
MoA Funds Corp427,5930 00For
Northern Trust371,6050 00For
Vanguard306,5550 00For
Columbia Threadneedle298,1680 00For
Dimensional247,3200 00For
TIAA219,7850 00For
ALPS ETF Trust208,1000 00For
Equitable200,3400 00For
Lincoln Financial198,5000 00For
Russell Investments195,5000 00For
AQR192,9980 00For
First Trust178,2700 00For
Victory Capital173,9530 00For
OLD WESTBURY FUNDS INC172,2520 00For
Lattice Strategies Trust136,8000 00For
DWS134,6230 00For
Thrivent121,8000 00For
Nationwide118,9030 00For
Prudential/PGIM116,4890 00For

Showing the 25 largest of 71 asset managers. All 71 are in the interactive database (link above).

5. Elect Director Terabatake, Masamichi

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

98% of fund votes cast · no official result

FOR
Details: votes by 71 asset managers

The 71 asset managers below reported 17,363,590 for, 281,281 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 17,363,590AGAINST: 281,281
Largest asset managers voting on “Elect Director Terabatake, Masamichi” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
WisdomTree4,452,5840 00For
Charles Schwab3,380,4550 00For
Fidelity1,994,1350 00For
SEI1,066,4410 00For
Legg Mason984,2340 00For
Franklin Templeton704,1290 00For
MoA Funds Corp427,5930 00For
Northern Trust371,6050 00For
Vanguard306,5550 00For
Columbia Threadneedle298,1680 00For
Dimensional247,3200 00For
TIAA219,7850 00For
ALPS ETF Trust208,1000 00For
Equitable28,080172,260 00Mixed
Lincoln Financial198,5000 00For
Russell Investments195,5000 00For
AQR192,9980 00For
First Trust178,2700 00For
Victory Capital173,9530 00For
OLD WESTBURY FUNDS INC172,2520 00For
Lattice Strategies Trust136,8000 00For
DWS134,6230 00For
Thrivent121,8000 00For
Nationwide118,9030 00For
Prudential/PGIM116,4890 00For

Showing the 25 largest of 71 asset managers. All 71 are in the interactive database (link above).

6. Elect Director Kitera, Masato

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 71 asset managers

The 71 asset managers below reported 17,633,437 for, 11,434 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 17,633,437AGAINST: 11,434
Largest asset managers voting on “Elect Director Kitera, Masato” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
WisdomTree4,452,5840 00For
Charles Schwab3,380,4550 00For
Fidelity1,994,1350 00For
SEI1,066,4410 00For
Legg Mason984,2340 00For
Franklin Templeton704,1290 00For
MoA Funds Corp427,5930 00For
Northern Trust371,6050 00For
Vanguard306,5550 00For
Columbia Threadneedle298,1680 00For
Dimensional247,3200 00For
TIAA219,7850 00For
ALPS ETF Trust208,1000 00For
Equitable200,3400 00For
Lincoln Financial198,5000 00For
Russell Investments195,5000 00For
AQR192,9980 00For
First Trust178,2700 00For
Victory Capital173,9530 00For
OLD WESTBURY FUNDS INC172,2520 00For
Lattice Strategies Trust136,8000 00For
DWS134,6230 00For
Thrivent121,8000 00For
Nationwide118,9030 00For
Prudential/PGIM116,4890 00For

Showing the 25 largest of 71 asset managers. All 71 are in the interactive database (link above).

7. Elect Director Iwai, Mutsuo

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.2% of fund votes cast · no official result

FOR
Details: votes by 71 asset managers

The 71 asset managers below reported 17,520,737 for, 124,134 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 17,520,737AGAINST: 124,134
Largest asset managers voting on “Elect Director Iwai, Mutsuo” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
WisdomTree4,452,5840 00For
Charles Schwab3,380,4550 00For
Fidelity1,994,1350 00For
SEI1,066,4410 00For
Legg Mason984,2340 00For
Franklin Templeton704,1290 00For
MoA Funds Corp427,5930 00For
Northern Trust371,6050 00For
Vanguard306,5550 00For
Columbia Threadneedle298,1680 00For
Dimensional247,3200 00For
TIAA219,7850 00For
ALPS ETF Trust208,1000 00For
Equitable200,3400 00For
Lincoln Financial198,5000 00For
Russell Investments195,5000 00For
AQR192,9980 00For
First Trust178,2700 00For
Victory Capital173,9530 00For
OLD WESTBURY FUNDS INC172,2520 00For
Lattice Strategies Trust136,8000 00For
DWS134,6230 00For
Thrivent121,8000 00For
Nationwide118,9030 00For
Prudential/PGIM116,4890 00For

Showing the 25 largest of 71 asset managers. All 71 are in the interactive database (link above).

8. Elect Director Okamoto, Shigeaki

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 71 asset managers

The 71 asset managers below reported 17,633,437 for, 11,434 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 17,633,437AGAINST: 11,434
Largest asset managers voting on “Elect Director Okamoto, Shigeaki” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
WisdomTree4,452,5840 00For
Charles Schwab3,380,4550 00For
Fidelity1,994,1350 00For
SEI1,066,4410 00For
Legg Mason984,2340 00For
Franklin Templeton704,1290 00For
MoA Funds Corp427,5930 00For
Northern Trust371,6050 00For
Vanguard306,5550 00For
Columbia Threadneedle298,1680 00For
Dimensional247,3200 00For
TIAA219,7850 00For
ALPS ETF Trust208,1000 00For
Equitable200,3400 00For
Lincoln Financial198,5000 00For
Russell Investments195,5000 00For
AQR192,9980 00For
First Trust178,2700 00For
Victory Capital173,9530 00For
OLD WESTBURY FUNDS INC172,2520 00For
Lattice Strategies Trust136,8000 00For
DWS134,6230 00For
Thrivent121,8000 00For
Nationwide118,9030 00For
Prudential/PGIM116,4890 00For

Showing the 25 largest of 71 asset managers. All 71 are in the interactive database (link above).

9. Elect Director Shoji, Tetsuya

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99% of fund votes cast · no official result

FOR
Details: votes by 71 asset managers

The 71 asset managers below reported 17,431,569 for, 213,302 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 17,431,569AGAINST: 213,302
Largest asset managers voting on “Elect Director Shoji, Tetsuya” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
WisdomTree4,452,5840 00For
Charles Schwab3,380,4550 00For
Fidelity1,994,1350 00For
SEI1,066,4410 00For
Legg Mason984,2340 00For
Franklin Templeton704,1290 00For
MoA Funds Corp427,5930 00For
Northern Trust371,6050 00For
Vanguard306,5550 00For
Columbia Threadneedle298,1680 00For
Dimensional247,3200 00For
TIAA219,7850 00For
ALPS ETF Trust208,1000 00For
Equitable200,3400 00For
Lincoln Financial198,5000 00For
Russell Investments0195,500 00Against
AQR192,9980 00For
First Trust178,2700 00For
Victory Capital173,9530 00For
OLD WESTBURY FUNDS INC172,2520 00For
Lattice Strategies Trust136,8000 00For
DWS134,6230 00For
Thrivent121,8000 00For
Nationwide118,9030 00For
Prudential/PGIM116,4890 00For

Showing the 25 largest of 71 asset managers. All 71 are in the interactive database (link above).

10. Elect Director Nagashima, Yukiko

No official resultsDIRECTOR ELECTIONS

99.9% of fund votes cast · no official result

FOR
Details: votes by 58 asset managers

The 58 asset managers below reported 12,639,287 for, 11,434 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,639,287AGAINST: 11,434
Largest asset managers voting on “Elect Director Nagashima, Yukiko” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
WisdomTree4,452,5840 00For
Fidelity1,994,1350 00For
Legg Mason984,2340 00For
Franklin Templeton704,1290 00For
MoA Funds Corp427,5930 00For
Northern Trust371,6050 00For
Vanguard306,5550 00For
Columbia Threadneedle298,1680 00For
Dimensional247,3200 00For
TIAA219,7850 00For
ALPS ETF Trust208,1000 00For
Equitable200,3400 00For
Lincoln Financial198,5000 00For
AQR192,9980 00For
First Trust178,2700 00For
Victory Capital173,9530 00For
OLD WESTBURY FUNDS INC172,2520 00For
Lattice Strategies Trust136,8000 00For
DWS134,6230 00For
Thrivent121,8000 00For
State Street99,2070 00For
FRANKLIN FUND ALLOCATOR SERIES88,7610 00For
Principal79,7000 00For
AIG/SunAmerica66,7000 00For
BNY Mellon61,5000 00For

Showing the 25 largest of 58 asset managers. All 58 are in the interactive database (link above).

11. Appoint a Director Asakura, Kenji

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 15 asset managers

The 15 asset managers below reported 28,479,460 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,479,460
Largest asset managers voting on “Appoint a Director Asakura, Kenji” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock25,832,8410 00For
JPMorgan1,796,7570 00For
Six Circles Trust389,3000 00For
Allianz108,0000 00For
John Hancock86,9450 00For
Bridge Builder Trust83,9000 00For
Investment Managers Series Trust II63,9000 00For
Two Roads Shared Trust55,6480 00For
Jackson National13,6700 00For
ETF Series Solutions13,6000 00For
GPS Funds I12,0760 00For
Pacer Funds Trust9,9230 00For
RBB FUND, INC.6,9000 00For
Forethought Variable Insurance Trust5,8000 00For
WILSHIRE MUTUAL FUNDS INC2000 00For

12. Appoint a Director Iwai, Mutsuo

No official resultsDIRECTOR ELECTIONS

99.9% of fund votes cast · no official result

FOR
Details: votes by 15 asset managers

The 15 asset managers below reported 28,465,860 for, 13,600 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,465,860AGAINST: 13,600
Largest asset managers voting on “Appoint a Director Iwai, Mutsuo” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock25,832,8410 00For
JPMorgan1,796,7570 00For
Six Circles Trust389,3000 00For
Allianz108,0000 00For
John Hancock86,9450 00For
Bridge Builder Trust83,9000 00For
Investment Managers Series Trust II63,9000 00For
Two Roads Shared Trust55,6480 00For
Jackson National13,6700 00For
ETF Series Solutions013,600 00Against
GPS Funds I12,0760 00For
Pacer Funds Trust9,9230 00For
RBB FUND, INC.6,9000 00For
Forethought Variable Insurance Trust5,8000 00For
WILSHIRE MUTUAL FUNDS INC2000 00For

13. Appoint a Director Kitera, Masato

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 15 asset managers

The 15 asset managers below reported 28,479,460 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,479,460
Largest asset managers voting on “Appoint a Director Kitera, Masato” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock25,832,8410 00For
JPMorgan1,796,7570 00For
Six Circles Trust389,3000 00For
Allianz108,0000 00For
John Hancock86,9450 00For
Bridge Builder Trust83,9000 00For
Investment Managers Series Trust II63,9000 00For
Two Roads Shared Trust55,6480 00For
Jackson National13,6700 00For
ETF Series Solutions13,6000 00For
GPS Funds I12,0760 00For
Pacer Funds Trust9,9230 00For
RBB FUND, INC.6,9000 00For
Forethought Variable Insurance Trust5,8000 00For
WILSHIRE MUTUAL FUNDS INC2000 00For

14. Appoint a Director Nagashima, Yukiko

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 15 asset managers

The 15 asset managers below reported 28,479,460 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,479,460
Largest asset managers voting on “Appoint a Director Nagashima, Yukiko” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock25,832,8410 00For
JPMorgan1,796,7570 00For
Six Circles Trust389,3000 00For
Allianz108,0000 00For
John Hancock86,9450 00For
Bridge Builder Trust83,9000 00For
Investment Managers Series Trust II63,9000 00For
Two Roads Shared Trust55,6480 00For
Jackson National13,6700 00For
ETF Series Solutions13,6000 00For
GPS Funds I12,0760 00For
Pacer Funds Trust9,9230 00For
RBB FUND, INC.6,9000 00For
Forethought Variable Insurance Trust5,8000 00For
WILSHIRE MUTUAL FUNDS INC2000 00For

15. Appoint a Director Nakano, Kei

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 15 asset managers

The 15 asset managers below reported 28,479,460 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,479,460
Largest asset managers voting on “Appoint a Director Nakano, Kei” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock25,832,8410 00For
JPMorgan1,796,7570 00For
Six Circles Trust389,3000 00For
Allianz108,0000 00For
John Hancock86,9450 00For
Bridge Builder Trust83,9000 00For
Investment Managers Series Trust II63,9000 00For
Two Roads Shared Trust55,6480 00For
Jackson National13,6700 00For
ETF Series Solutions13,6000 00For
GPS Funds I12,0760 00For
Pacer Funds Trust9,9230 00For
RBB FUND, INC.6,9000 00For
Forethought Variable Insurance Trust5,8000 00For
WILSHIRE MUTUAL FUNDS INC2000 00For

16. Appoint a Director Okamoto, Shigeaki

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 15 asset managers

The 15 asset managers below reported 28,479,460 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,479,460
Largest asset managers voting on “Appoint a Director Okamoto, Shigeaki” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock25,832,8410 00For
JPMorgan1,796,7570 00For
Six Circles Trust389,3000 00For
Allianz108,0000 00For
John Hancock86,9450 00For
Bridge Builder Trust83,9000 00For
Investment Managers Series Trust II63,9000 00For
Two Roads Shared Trust55,6480 00For
Jackson National13,6700 00For
ETF Series Solutions13,6000 00For
GPS Funds I12,0760 00For
Pacer Funds Trust9,9230 00For
RBB FUND, INC.6,9000 00For
Forethought Variable Insurance Trust5,8000 00For
WILSHIRE MUTUAL FUNDS INC2000 00For

17. Appoint a Director Shimayoshi, Koji

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 15 asset managers

The 15 asset managers below reported 28,479,460 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,479,460
Largest asset managers voting on “Appoint a Director Shimayoshi, Koji” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock25,832,8410 00For
JPMorgan1,796,7570 00For
Six Circles Trust389,3000 00For
Allianz108,0000 00For
John Hancock86,9450 00For
Bridge Builder Trust83,9000 00For
Investment Managers Series Trust II63,9000 00For
Two Roads Shared Trust55,6480 00For
Jackson National13,6700 00For
ETF Series Solutions13,6000 00For
GPS Funds I12,0760 00For
Pacer Funds Trust9,9230 00For
RBB FUND, INC.6,9000 00For
Forethought Variable Insurance Trust5,8000 00For
WILSHIRE MUTUAL FUNDS INC2000 00For

18. Appoint a Director Shoji, Tetsuya

No official resultsDIRECTOR ELECTIONS

94% of fund votes cast · no official result

FOR
Details: votes by 15 asset managers

The 15 asset managers below reported 26,679,833 for, 1,799,627 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 26,679,833AGAINST: 1,799,627
Largest asset managers voting on “Appoint a Director Shoji, Tetsuya” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock25,832,8410 00For
JPMorgan01,796,757 00Against
Six Circles Trust389,3000 00For
Allianz108,0000 00For
John Hancock86,9450 00For
Bridge Builder Trust83,9000 00For
Investment Managers Series Trust II63,9000 00For
Two Roads Shared Trust55,6480 00For
Jackson National10,8002,870 00Mixed
ETF Series Solutions13,6000 00For
GPS Funds I12,0760 00For
Pacer Funds Trust9,9230 00For
RBB FUND, INC.6,9000 00For
Forethought Variable Insurance Trust5,8000 00For
WILSHIRE MUTUAL FUNDS INC2000 00For

19. Appoint a Director Terabatake, Masamichi

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

94% of fund votes cast · no official result

FOR
Details: votes by 15 asset managers

The 15 asset managers below reported 26,679,833 for, 1,799,627 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 26,679,833AGAINST: 1,799,627
Largest asset managers voting on “Appoint a Director Terabatake, Masamichi” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock25,832,8410 00For
JPMorgan01,796,757 00Against
Six Circles Trust389,3000 00For
Allianz108,0000 00For
John Hancock86,9450 00For
Bridge Builder Trust83,9000 00For
Investment Managers Series Trust II63,9000 00For
Two Roads Shared Trust55,6480 00For
Jackson National10,8002,870 00Mixed
ETF Series Solutions13,6000 00For
GPS Funds I12,0760 00For
Pacer Funds Trust9,9230 00For
RBB FUND, INC.6,9000 00For
Forethought Variable Insurance Trust5,8000 00For
WILSHIRE MUTUAL FUNDS INC2000 00For

20. Appoint a Director Yamashina, Hiroko

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

93% of fund votes cast · no official result

FOR
Details: votes by 15 asset managers

The 15 asset managers below reported 26,607,133 for, 1,872,327 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 26,607,133AGAINST: 1,872,327
Largest asset managers voting on “Appoint a Director Yamashina, Hiroko” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock25,765,94166,900 00For
JPMorgan01,796,757 00Against
Six Circles Trust389,3000 00For
Allianz108,0000 00For
John Hancock86,9450 00For
Bridge Builder Trust83,9000 00For
Investment Managers Series Trust II63,9000 00For
Two Roads Shared Trust55,6480 00For
Jackson National10,8002,870 00Mixed
ETF Series Solutions13,6000 00For
GPS Funds I12,0760 00For
Pacer Funds Trust9,9230 00For
RBB FUND, INC.6,9000 00For
Forethought Variable Insurance Trust05,800 00Against
WILSHIRE MUTUAL FUNDS INC2000 00For

21. Elect Yukiko Nagashima @ Yukiko Watanabe

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 14 asset managers

The 14 asset managers below reported 4,994,150 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,994,150
Largest asset managers voting on “Elect Yukiko Nagashima @ Yukiko Watanabe” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,380,4550 00For
SEI1,066,4410 00For
Russell Investments195,5000 00For
Nationwide118,9000 00For
Prudential/PGIM116,4890 00For
PACE SELECT ADVISORS TRUST47,0000 00For
SEI Exchange Traded Funds30,1960 00For
STERLING CAPITAL FUNDS23,5000 00For
ETFis Series Trust I5,6780 00For
Morningstar Funds Trust5,6000 00For
Adviser Managed Trust1,6000 00For
ADVISORS' INNER CIRCLE FUND1,2000 00For
Mercer Funds9010 00For
Hartford6900 00For

22. Approve Allocation of Income, with a Final Dividend of JPY 97

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 58 asset managers

The 58 asset managers below reported 12,650,721 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 12,650,721
Largest asset managers voting on “Approve Allocation of Income, with a Final Dividend of JPY 97” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
WisdomTree4,452,5840 00For
Fidelity1,994,1350 00For
Legg Mason984,2340 00For
Franklin Templeton704,1290 00For
MoA Funds Corp427,5930 00For
Northern Trust371,6050 00For
Vanguard306,5550 00For
Columbia Threadneedle298,1680 00For
Dimensional247,3200 00For
TIAA219,7850 00For
ALPS ETF Trust208,1000 00For
Equitable200,3400 00For
Lincoln Financial198,5000 00For
AQR192,9980 00For
First Trust178,2700 00For
Victory Capital173,9530 00For
OLD WESTBURY FUNDS INC172,2520 00For
Lattice Strategies Trust136,8000 00For
DWS134,6230 00For
Thrivent121,8000 00For
State Street99,2070 00For
FRANKLIN FUND ALLOCATOR SERIES88,7610 00For
Principal79,7000 00For
AIG/SunAmerica66,7000 00For
BNY Mellon61,5000 00For

Showing the 25 largest of 58 asset managers. All 58 are in the interactive database (link above).

23. Approve Appropriation of Surplus

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 15 asset managers

The 15 asset managers below reported 28,479,460 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,479,460
Largest asset managers voting on “Approve Appropriation of Surplus” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock25,832,8410 00For
JPMorgan1,796,7570 00For
Six Circles Trust389,3000 00For
Allianz108,0000 00For
John Hancock86,9450 00For
Bridge Builder Trust83,9000 00For
Investment Managers Series Trust II63,9000 00For
Two Roads Shared Trust55,6480 00For
Jackson National13,6700 00For
ETF Series Solutions13,6000 00For
GPS Funds I12,0760 00For
Pacer Funds Trust9,9230 00For
RBB FUND, INC.6,9000 00For
Forethought Variable Insurance Trust5,8000 00For
WILSHIRE MUTUAL FUNDS INC2000 00For

24. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 14 asset managers

The 14 asset managers below reported 4,994,150 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,994,150
Largest asset managers voting on “Allocation of Profits/Dividends” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,380,4550 00For
SEI1,066,4410 00For
Russell Investments195,5000 00For
Nationwide118,9000 00For
Prudential/PGIM116,4890 00For
PACE SELECT ADVISORS TRUST47,0000 00For
SEI Exchange Traded Funds30,1960 00For
STERLING CAPITAL FUNDS23,5000 00For
ETFis Series Trust I5,6780 00For
Morningstar Funds Trust5,6000 00For
Adviser Managed Trust1,6000 00For
ADVISORS' INNER CIRCLE FUND1,2000 00For
Mercer Funds9010 00For
Hartford6900 00For

25. Please reference meeting materials.

100% of fund votes cast · no official result

FORUNKNOWN
Details: votes by 2 asset managers

The 2 asset managers below reported 50,000 for, 63,900 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 50,000UNKNOWN: 63,900
Largest asset managers voting on “Please reference meeting materials.” at JAPAN TOBACCO INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust II00 00--
Two Roads Shared Trust50,0000 00For

Largest JAPAN TOBACCO INC. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top JAPAN TOBACCO INC. shareholders by shares voted on “Elect Director Yamashina, Hiroko”, 2024-2025
#Asset manager Shares voted
1WisdomTree 4,452,584
2Charles Schwab 3,380,455
3Fidelity 1,994,135
4SEI 1,066,441
5Legg Mason 984,234
6Franklin Templeton 704,129
7MoA Funds Corp 427,593
8Northern Trust 371,605
9Vanguard 306,555
10Columbia Threadneedle 298,168

Shown as share counts, not percentages: no shares-outstanding figure has been matched to JAPAN TOBACCO INC. for the 2024-2025 season, so there is no denominator to divide by.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

JAPAN TOBACCO INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Cite this page

proxyvotesnow.com, “JAPAN TOBACCO INC. 2025 Shareholder Meeting: Shareholder Vote Results”, https://proxyvotesnow.com/company/japan-tobacco-inc/2025 (version of November 8, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.