Kikkoman Corp. (KIKOY) ( (KIKOY) ) has released its Q3 earnings. Here is a breakdown of the information Kikkoman Corp. (KIKOY) presented to its investors.
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Kikkoman Corporation is a prominent player in the food manufacturing industry, primarily known for its production and sales of soy sauce, food products, beverages, and other related items, with operations spanning both domestic and international markets.
In its latest earnings report for the nine-month period ended December 31, 2024, Kikkoman Corporation demonstrated robust financial performance with significant increases in revenue and profits. Revenue rose to ¥535,515 million, marking an 8.2% year-on-year increase, while operating profit surged by 17.1% to ¥62,480 million. The profit attributable to owners of the parent also saw a notable increase of 12.8%, reaching ¥51,329 million.
Key highlights include a strong performance across various segments, with Domestic Foods—Manufacturing and Sales seeing a revenue increase despite a slight drop in business profit, while the Overseas Foods—Manufacturing and Sales segment showed substantial growth in both revenue and profit, driven by strong sales across North America, Europe, and Asia. The Overseas Foods—Wholesale segment also reported higher revenue and profit as demand for Asian food products grew internationally.
The company’s financial position remains solid with total assets increasing to ¥693,673 million and a strong equity ratio of 75.8%. The report reflects strategic expansion and effective management, resulting in improved financial metrics across the board.
Looking ahead, Kikkoman Corporation maintains a positive outlook for the fiscal year ending March 31, 2025, with continued growth anticipated in both domestic and international markets, supported by its robust brand presence and strategic initiatives.