Kikkoman Corporation logo

Kikkoman Corporation

2801.T

JPXConsumer DefensivePackaged Foods

Latest quote

¥1,845

+¥7.50 · +0.41%

Aug 24, 3:30 PM JST

2801.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Kikkoman Corporation, through its subsidiaries, engages in the manufacture and sale of food products in Japan and internationally. It offers soy sauce, soy sauce soup bases, and Del Monte seasonings; soy milk and Del Monte beverages; mirin and wines. The company also manufactures and sells canned fruits, corn products, and tomato ketchup; health foods; and purchases and sells oriental food products, as well as other products. In addition, it produces and sells clinical diagnostic enzymes, hygiene test agents, hyaluronic acid, as well as chemical products; and offers real estate rental, transportation, logistics, and warehousing services. The company was formerly known as Kikkoman Shoyu Co., Ltd. and changed its name to Kikkoman Corporation in 1980. Kikkoman Corporation was founded in 1917 and is headquartered in Noda, Japan.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
JP
CEO
Shozaburo Nakano
Listed since
May 15, 1949
Employees
7,911

Market position

Day range

Current ¥1,845

52-week range

Current ¥1,845

Open
¥1,830.5
Previous close
¥1,837.5
Volume
2.83M
0.67× average
Average volume
4.22M
Average daily volume
Market cap
1.71T JPY
Beta
0.05
Market reference 1
50-day average
¥1,660.53
+11.11% above average
200-day average
¥1,487.31
+24.05% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.29T JPY
P/E (TTM)
26.26×
P/B (TTM)
2.98×
P/S (TTM)
2.21×
EV / EBITDA
11.2×
Earnings yield
4.60%
Free cash flow yield
2.55%
Dividend yield
1.36%

Profitability & efficiency

Gross margin
34.22%
Operating margin
11.04%
Net margin
8.46%
Return on equity
10.98%
Return on assets
8.20%
Return on invested capital
8.93%

Financial health

Debt / equity
0.11×
Current ratio
3.29×
Altman Z-score
8.52
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends37%26%15%4%Gross margin, FY2022: 33.11%Gross margin, FY2023: 31.61%Gross margin, FY2024: 33.14%Gross margin, FY2025: 32.13%Gross margin, FY2026: 33.88%Operating margin, FY2022: 10.12%Operating margin, FY2023: 9.50%Operating margin, FY2024: 11.11%Operating margin, FY2025: 10.90%Operating margin, FY2026: 10.67%Net margin, FY2022: 7.53%Net margin, FY2023: 7.07%Net margin, FY2024: 8.54%Net margin, FY2025: 8.70%Net margin, FY2026: 8.26%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 33.11%. Gross margin FY2023 31.61%. Gross margin FY2024 33.14%. Gross margin FY2025 32.13%. Gross margin FY2026 33.88%. Operating margin FY2022 10.12%. Operating margin FY2023 9.50%. Operating margin FY2024 11.11%. Operating margin FY2025 10.90%. Operating margin FY2026 10.67%. Net margin FY2022 7.53%. Net margin FY2023 7.07%. Net margin FY2024 8.54%. Net margin FY2025 8.70%. Net margin FY2026 8.26%.

Income trends

Revenue

745.54B JPY+5.16%

Operating income

79.51B JPY+2.89%

Net income

61.62B JPY-0.13%
Income trends across reported periods816.2B JPY533.55B JPY250.89B JPY−31.76B JPYRevenue, FY2022: 516.44B JPYRevenue, FY2023: 618.9B JPYRevenue, FY2024: 660.84B JPYRevenue, FY2025: 708.98B JPYRevenue, FY2026: 745.54B JPYOperating income, FY2022: 52.27B JPYOperating income, FY2023: 58.78B JPYOperating income, FY2024: 73.4B JPYOperating income, FY2025: 77.28B JPYOperating income, FY2026: 79.51B JPYNet income, FY2022: 38.9B JPYNet income, FY2023: 43.73B JPYNet income, FY2024: 56.44B JPYNet income, FY2025: 61.7B JPYNet income, FY2026: 61.62B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 516.44B JPY. Revenue FY2023 618.9B JPY. Revenue FY2024 660.84B JPY. Revenue FY2025 708.98B JPY. Revenue FY2026 745.54B JPY. Operating income FY2022 52.27B JPY. Operating income FY2023 58.78B JPY. Operating income FY2024 73.4B JPY. Operating income FY2025 77.28B JPY. Operating income FY2026 79.51B JPY. Net income FY2022 38.9B JPY. Net income FY2023 43.73B JPY. Net income FY2024 56.44B JPY. Net income FY2025 61.7B JPY. Net income FY2026 61.62B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue745.54B JPY708.98B JPY660.84B JPY618.9B JPY516.44B JPY
Cost of goods sold492.93B JPY481.18B JPY441.82B JPY423.26B JPY345.42B JPY
Gross profit252.61B JPY227.8B JPY219.02B JPY195.64B JPY171.02B JPY
Research and development5.24B JPY5.36B JPY5.07B JPY5.17B JPY4.89B JPY
Selling, general, and administrative155.81B JPY145.16B JPY140.55B JPY131.69B JPY113.85B JPY
Operating expenses173.1B JPY150.53B JPY145.61B JPY136.87B JPY118.74B JPY
Interest income12.08B JPY5.22B JPY3.76B JPY1.46B JPY157M JPY
Interest expense4.37B JPY1.73B JPY1.49B JPY995M JPY737M JPY
Depreciation and amortization26.75B JPY26.92B JPY24.02B JPY22.24B JPY20.03B JPY
Operating income79.51B JPY77.28B JPY73.4B JPY58.78B JPY52.27B JPY
Net income61.62B JPY61.7B JPY56.44B JPY43.73B JPY38.9B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+13.36%
11 comparable reports
Latest EPS result
20.52
Estimate 17.15 · Beat by 19.65%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates21.3417.6313.9110.2Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 17.45, estimate 18.04, surprise -3.27%, Miss. Q2 2025, reported Apr 28, 2025: actual 11.02, estimate 11.37, surprise -3.08%, Miss. Q3 2025, reported Aug 5, 2025: actual 16.24, estimate 17.5, surprise -7.20%, Miss. Q4 2025, reported Nov 7, 2025: actual 17.1, estimate 17.35, surprise -1.44%, Miss. Q1 2026, reported Feb 5, 2026: actual 19.11, estimate 17.89, surprise +6.82%, Beat. Q2 2026, reported Apr 24, 2026: actual 13.54, estimate 12.89, surprise +5.04%, Beat. Q3 2026, reported Aug 5, 2026: actual 20.52, estimate 17.15, surprise +19.65%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 17.33, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates210.11B194.4B178.7B162.99BQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 179.95B JPY, estimate 179.3B JPY, surprise +0.36%, Beat. Q2 2025, reported Apr 28, 2025: actual 173.46B JPY, estimate 171.07B JPY, surprise +1.40%, Beat. Q3 2025, reported Aug 5, 2025: actual 175.66B JPY, estimate 176.73B JPY, surprise -0.60%, Miss. Q4 2025, reported Nov 7, 2025: actual 182.95B JPY, estimate 181.72B JPY, surprise +0.68%, Beat. Q1 2026, reported Feb 5, 2026: actual 194.2B JPY, estimate 188.34B JPY, surprise +3.11%, Beat. Q2 2026, reported Apr 24, 2026: actual 192.73B JPY, estimate 189.66B JPY, surprise +1.62%, Beat. Q3 2026, reported Aug 5, 2026: actual 202.03B JPY, estimate 195.31B JPY, surprise +3.44%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 201.37B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥21.00

2025 complete year+1041.3% since 2021

2026 partial: ¥15.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥10.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥15.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥15.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 24, 2026

Dividend

Ex-dividend Sep 29, 2025

¥10.00

Annual

Record Sep 30, 2025 · Payment Dec 4, 2025

Dividend

Ex-dividend Mar 28, 2025

¥11.00

Special

Record Mar 31, 2025 · Payment Jun 1, 2025

Dividend

Ex-dividend Sep 27, 2024

¥10.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 5, 2024

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