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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 2019 JPYUSD
Revenue453,565M4,090.05M
Gross Profit175,760M1,584.92M
Operating income37,556M338.66M
Income before tax37,595M339.01M
Net income25,992M234.38M
EBITDA51,494M464.35M
Diluted EPS135.381.22
Dividends Per Share410.36
Total Assets362,119M3,271.61M
Total liabilities91,665M828.16M
Total equity265,429M2,398.05M
Operating cash flow37,023M333.85M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 371,339M 408,372M 402,174M 430,602M 453,565M
Gross Profit 145,961M 160,157M 159,831M 170,176M 175,760M
Operating income 25,370M 32,598M 32,843M 36,211M 37,556M
Income before tax 23,823M 30,253M 27,079M 35,999M 37,595M
Net income 15,382M 19,964M 23,810M 23,846M 25,992M
EBITDA 39,785M 45,729M 46,330M 49,371M 51,494M
Diluted EPS 78.19 102.66 123.28 123.70 135.38
Dividends Per Share 24 32 34 39 41
Total Assets 378,766M 365,671M 361,248M 343,929M 362,119M
Total liabilities 140,335M 139,996M 116,810M 90,636M 91,665M
Total equity 236,509M 223,684M 240,010M 248,073M 265,429M
Operating cash flow 31,658M 37,661M 26,136M 37,645M 37,023M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 3,380.21M 3,400.71M 3,713.94M 3,885.16M 4,090.05M
Gross Profit 1,328.65M 1,333.70M 1,475.98M 1,535.43M 1,584.92M
Operating income 230.93M 271.45M 303.29M 326.71M 338.66M
Income before tax 216.85M 251.93M 250.06M 324.80M 339.01M
Net income 140.01M 166.24M 219.87M 215.15M 234.38M
EBITDA 362.15M 380.80M 427.84M 445.45M 464.35M
Diluted EPS 0.71 0.85 1.13 1.11 1.22
Dividends Per Share 0.21 0.26 0.31 0.35 0.36
Total Assets 3,158.35M 3,253.44M 3,241.92M 3,233.93M 3,271.61M
Total liabilities 1,170.18M 1,245.57M 1,048.28M 852.24M 828.16M
Total equity 1,972.14M 1,990.15M 2,153.90M 2,332.60M 2,398.05M
Operating cash flow 288.17M 313.62M 241.35M 339.65M 333.85M

Valuation Measures

Mar 2019
PER40.10
ROA7.36%
ROE10.12%
Operating margin8.28%
Profit margin5.73%

Key executives

  • President, CEO & Representative Director: Noriaki Horikiri
  • Finance Manager: Toshiyuki Sato
  • Executive Officer: Yaichi Fukushima
  • Executive Officer: Hiroshi Miyake
  • Executive Officer: Kazuki Usui

Shareholders

  • Nomura Asset Management Co., Ltd. (6.7%)
  • Nikko Asset Management Co., Ltd. (3.6%)
  • Senshusha Co. (3.4%)
  • Daiwa Asset Management Co. Ltd. (3.3%)
  • Mogisa Ltd. (3.1%)
  • Meiji Yasuda Life Insurance Co. (2.5%)
  • The Vanguard Group, Inc. (2.5%)
  • Hikidaka KK (2.4%)
  • BlackRock Fund Advisors (2.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.1%)

Contact Details

Related Companies

  • 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.
  • Hokkaido Kikkoman Corp.

Competitors

  • JFLA Holdings, Inc.
  • Higashimaru Co., Ltd.
Last Updated on 9 Dec, 2019

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