1. Japan Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
Kikkoman Corporation

Kikkoman Corporation

2801.T
Kikkoman CorporationJP flagTokyo Stock Exchange
1,678.50
JPY
+21.00
- -
1.56TMarket Cap
Kikkoman Corporation
2801.T
(Tokyo Stock Exchange)

Recent

price

1,678.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
275.34
276.2
299.18
343.29
377.56
420
416.45
446.77
472.52
458
457.78
538.79
129.27
694.54
746.84
798.48
355.33
Revenue per Share
7.55
8.76
10.97
12.56
15.64
20.53
24.66
24.74
27.08
27.95
32.46
40.59
9.13
59.32
64.99
65.99
29.04
Basic EPS, GAAP
10.97
-2.77
11.94
8.29
19.19
24.73
14.96
21.26
9.87
16.59
41.77
33.94
6.82
52.28
35.09
33.09
32.42
Free Cash Flow per Basic Share
3.01
3.01
3.07
4
4.08
4.83
9.6
8.02
7.4
8.4
8.4
9.21
2.76
16.48
24.07
25.17
6.81
Dividend per Share
163.04
169.43
180.66
189.93
205.42
225.89
242.53
259.65
245.03
262.79
290.32
322.08
71.24
407.69
449.61
494.73
429.26
Book Value per Share
130.95
136.98
161.42
187.28
219.64
215.07
241.11
251.88
269.84
278.94
316.12
369.67
85.12
514.87
535.05
597.57
517.25
Tangible Book Value per Share
1,030
1,025
1,004
1,000
984
972
966
964
960
960
960
959
4,788
951
949
934
951
Basic Weighted Avg Shares
283,463
283,239
300,245
343,168
371,339
408,372
402,174
430,602
453,565
439,627
439,411
516,440
618,899
660,835
708,979
745,539
338,101
Sales/Revenue/Turnover
6.78
6.27
6.6
6.95
6.83
7.98
8.17
8.48
8.47
7.94
9.48
9.81
8.95
10.1
10.4
10.19
9.83
Operating Margin (%)
12,150
12,611
12,160
13,002
12,901
11,936
12,339
13,160
13,258
18,259
19,235
20,030
22,240
24,020
26,917
26,746
12,484
Depreciation Expense
7,770
8,983
11,006
12,559
15,382
19,964
23,810
23,846
25,992
26,827
31,159
38,903
43,733
56,441
61,695
61,615
27,632
Net Income, GAAP
41.59
41.45
37.24
43.59
34.97
33.34
11.88
32.89
29.76
27.97
26.79
27.45
27.3
24.74
25.75
26.06
26.28
Effective Tax Rate (%)
2.74
3.17
3.67
3.66
4.14
4.89
5.92
5.54
5.73
6.1
7.09
7.53
7.07
8.54
8.7
8.26
8.17
Profit Margin (%)
67,941
72,690
79,848
77,604
96,170
88,727
115,083
86,366
92,239
91,597
119,650
156,967
182,456
247,411
246,798
242,889
249,309
Working Capital
79,678
87,705
85,694
63,111
61,382
59,358
43,354
13,040
34,479
32,751
32,746
34,643
28,771
49,162
48,380
48,930
47,992
LT Debt
162,600
167,352
187,459
210,407
238,431
225,675
244,437
253,289
269,294
277,543
313,514
363,907
416,969
498,254
516,049
568,841
500,462
Total Equity
4.39
3.91
4.4
4.7
5.51
7.2
9.85
8.66
9.17
7.88
8.93
9.53
9.12
9.72
9.6
9.25
4.49
Return on Invested Capital (%)
3.34
3.61
4.21
4.94
5.93
7.3
8.53
8.52
9.25
9.4
10.5
12.7
12.73
14.67
13.23
12.55
7.59
Return on Capital (%)
4.69
5.26
6.2
6.77
7.85
9.47
10.49
9.84
10.71
11.01
11.74
13.25
13.46
15.48
15.15
13.87
7.17
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
10,748
- -
10,165
LT Borrowings
14,400
- -
14,400
LT Finance Leases
34,762
- -
33,592
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
951
- -
952
Market Capitalization
1,878,607
1,772,645
1,549,042

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
342,482
- -
332,027
Cash, Cash Equivalents & STI
150,777
- -
141,890
Accounts Receivable, Net
83,822
- -
80,123
Inventories
94,970
- -
97,277
Total Current Liabilities
95,071
- -
82,718
Payables & Accruals
- -
- -
- -
ST Debt
10,748
- -
10,165
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.82%
12.79%
10.23%
Free Cash Flow
16.16%
-1.29%
-7.24%
Net Income, GAAP
12.33%
15.1%
-0.13%
Sales/Revenue/Turnover
6.44%
11.32%
5.16%
Total Cash Common Dividend
- -
25.28%
2.84%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
158,506
164,226
172,141
165,960
660,835
2025
- -
- -
- -
- -
708,979
2026
- -
- -
- -
- -
745,539

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11.1
19.07
17.56
- -
59.32
2025
- -
- -
- -
- -
64.99
2026
- -
- -
- -
- -
65.99

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9.61
- -
6.81
- -
16.48
2025
- -
- -
- -
- -
24.07
2026
- -
- -
- -
- -
25.17
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Business
Kikkoman Corporation Kikkoman Corporation engages primarily in the manufacture and sale of soy sauces, seasonings, beverages, and related food products worldwide. The company produces naturally brewed soy sauce, soy sauce soup bases, dipping and marinade sauces including teriyaki, Del Monte seasonings, soy milk, Del Monte beverages, mirin, wines, canned fruits, corn products, tomato ketchup, health foods, and oriental food products; it also offers clinical diagnostic reagents, hygiene inspection agents, processing enzymes, hyaluronic acid, and chemical products, alongside real estate rental, logistics, transportation, warehousing, and back-office support services. Kikkoman Corporation operates production facilities in Japan, the United States, the Netherlands, Singapore, Taiwan, China, and other regions, serving consumer and industrial markets in over 100 countries with North America as its largest export market; founded in 1917 through the merger of eight family-owned breweries in Noda, Chiba Prefecture, Japan, where its headquarters remain registered alongside a functional office in Tokyo. The company, formerly known as Noda Shoyu Co., Ltd. and later Kikkoman Shoyu Co., Ltd., changed its name to Kikkoman Corporation in 1980 to reflect its diversification. In recent developments, Kikkoman Corporation broke ground in June 2024 on a $560 million production facility in Jefferson, Wisconsin, expanding its U.S. operations alongside upgrades to its Walworth plant, creating over 80 new jobs and securing performance-based tax credits from the state; it established the Kikkoman Centre for Chinese Cuisine in November 2025 in partnership with Indian culinary leaders to promote gastronomic excellence via online platforms and events; additionally, the company executed multiple share buyback tranches in 2024 and 2025, including over 5.2 million shares for ¥6.8 billion in Q3 2025 and up to 16 million shares by March 2026, to optimize capital structure and enhance shareholder value.