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Consumer Non-Durables

Kikkoman Corp.

Business Summary

Kikkoman Corp. is a holding company which engages in the food manufacturing business. It operates through the following segments: Domestic Foods-Manufacturing and Sales, Domestic Others, Overseas Foods-Manufacturing and Sales, and Overseas Foods-Wholesale. The Domestic Foods-Manufacturing and Sales segment manufactures and sells soy sauce, beverages, and alcoholic beverages. The Domestic Others segment involves in the production and sale of clinical diagnostic reagents, hygiene inspection agents, processing enzymes and chemical products such as hyaluronic acid. It also operates in real estate property leasing, logistics, and back-office support for Kikkoman Group, and other businesses. The Overseas Foods-Manufacturing and Sales segment sells soy sauce, Del Monte products, and overseas health foods. The Overseas Food-Wholesale segment purchases and sells oriental food products in Japan and overseas. The company was founded on December 7, 1917 and is headquartered in Noda, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue439,411M4,143.14M
Gross Profit146,688M1,383.09M
Operating income42,650M402.14M
Income before tax42,988M405.32M
Net income31,159M293.79M
EBITDA61,885M583.50M
Diluted EPS162.301.53
Dividends Per Share450.42
Total Assets438,508M3,968.39M
Total liabilities124,991M1,131.14M
Total equity308,130M2,788.50M
Operating cash flow57,167M539.01M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 402,174M 430,602M 453,565M 439,627M 439,411M
Gross Profit 159,831M 170,176M 175,760M 145,267M 146,688M
Operating income 32,843M 36,211M 37,556M 38,042M 42,650M
Income before tax 27,079M 35,999M 37,595M 37,605M 42,988M
Net income 23,810M 23,846M 25,992M 26,827M 31,159M
EBITDA 46,330M 49,371M 51,494M 56,301M 61,885M
Diluted EPS 123.28 123.70 135.38 139.74 162.30
Dividends Per Share 34 39 41 42 45
Total Assets 361,248M 343,929M 362,119M 398,698M 438,508M
Total liabilities 116,810M 90,636M 91,665M 121,152M 124,991M
Total equity 240,010M 248,073M 265,429M 272,258M 308,130M
Operating cash flow 26,136M 37,645M 37,023M 41,958M 57,167M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 3,713.94M 3,885.16M 4,090.05M 4,043.44M 4,143.14M
Gross Profit 1,475.98M 1,535.43M 1,584.92M 1,336.08M 1,383.09M
Operating income 303.29M 326.71M 338.66M 349.88M 402.14M
Income before tax 250.06M 324.80M 339.01M 345.87M 405.32M
Net income 219.87M 215.15M 234.38M 246.74M 293.79M
EBITDA 427.84M 445.45M 464.35M 517.82M 583.50M
Diluted EPS 1.13 1.11 1.22 1.28 1.53
Dividends Per Share 0.31 0.35 0.36 0.38 0.42
Total Assets 3,241.92M 3,233.93M 3,271.61M 3,693.18M 3,968.39M
Total liabilities 1,048.28M 852.24M 828.16M 1,122.24M 1,131.14M
Total equity 2,153.90M 2,332.60M 2,398.05M 2,521.95M 2,788.50M
Operating cash flow 241.35M 339.65M 333.85M 385.90M 539.01M

Valuation Measures

Mar 2021
PER40.60
ROA7.44%
ROE10.73%
Operating margin9.70%
Profit margin7.09%

Key executives

  • Chairman & Chief Executive Officer: Noriaki Horikiri
  • President, COO & Representative Director: Shozaburo Nakano
  • Director, Managing Executive Officer & GM-R&D: Asahi Matsuyama
  • Director & Senior Managing Executive Officer: Masanao Shimada
  • Representative Director & Chief Strategy Officer: Koichi Yamazaki

Shareholders

  • Nomura Asset Management Co., Ltd. (7.8%)
  • Nikko Asset Management Co., Ltd. (3.8%)
  • Daiwa Asset Management Co. Ltd. (3.7%)
  • Senshusha Co. (3.4%)
  • Mogisa Ltd. (3.1%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.0%)
  • Meiji Yasuda Life Insurance Co. (2.5%)
  • Hikidaka KK (2.4%)
  • The Vanguard Group, Inc. (2.2%)
  • MOGI FAMILY (2.1%)

Contact Details

Related Companies

  • JFC Italia Srl
  • JFC New Zealand Ltd.
  • Kikkoman Industria e Comercio de Alimentos Ltda.
  • Kikkoman Shanghai Trading Co. Ltd.
  • Siam del Monte Co. Ltd.
  • Del Monte Foods (Xiamen) Co. Ltd.
  • Kikkoman Marketing & Planning Europe GmbH
  • Kikkoman Daily KK
  • Kikkoman Business Service Co.
  • Kikkoman Biochemifa Co.
  • JFC Australia Co Pty Ltd.
  • Kofukai Foundation
  • Kikkoman Corp. Pension Fund
  • Kikkoman Marketing & Planning, Inc.
  • JFC Hong Kong Ltd.
  • JFC Restaurant GmbH
  • JFC de Mexico SA de CV
  • Kikkoman Ajinomingei Co., Ltd.
  • Kikkoman Trading Asia Pte Ltd.
  • Kikkoman Restaurant, Inc.
  • Kikkoman Marketing Center Co., Ltd.
  • President Kikkoman, Inc.
  • Kikkoman Food Products Co.
  • Kikkoman Beverage Co.
  • JFC Singapore Pte Ltd.
  • Kikkoman (S) Pte Ltd.
  • JFC International (Europe) GmbH
  • Heisei Foods Co.
  • Mann's Wine Co. Ltd.
  • Sobu Butsuryu Co. Ltd.

Competitors

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