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Japan Tobacco Seasonality

Historical month-by-month and year-by-year returns

Based on 27 calendar years of monthly closes, starting 2000.

By Month

MonthAverageMedian% PositiveBestWorst
January0.0%+0.7%52%+16.7%15.6%
February+1.5%+0.8%70%+11.4%10.8%
March+2.9%+1.4%59%+22.8%6.2%
April+2.1%+3.3%67%+12.3%12.7%
May0.6%2.5%41%+12.8%11.5%
June+2.2%+1.7%63%+18.7%10.8%
July1.3%1.5%30%+9.4%10.1%
August+1.5%+2.7%69%+14.1%23.9%
September+0.6%+2.1%70%+14.0%16.7%
October+1.4%+0.7%58%+14.3%12.5%
November+2.0%0.8%46%+25.3%15.7%
December1.6%1.2%35%+16.7%16.5%

By Calendar Year

YearReturn
2025+40.5%
2024+2.0%
2023+46.7%
2022+15.7%
2021+10.4%
202010.3%
201915.8%
201823.9%
20170.8%
201621.9%
2015+44.2%
2014+1.1%
2013+12.3%
2012+51.8%
2011+21.8%
20105.8%
2009+25.3%
200853.2%
20073.8%
2006+59.3%
2005+65.5%
2004+46.9%
20031.1%
2002+6.6%
200113.5%
20007.5%

These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.