Kikkoman (2801) AI Stock Analysis

• Market Cap: ¥1.47T
• Dividend Yield: 1.46%
• Average Volume (3M): 2.89M
• Price to Earnings (P/E): 18.6
• Beta (1Y): 0.68
• Revenue Growth: 2.65%
• EPS Growth: -5.76%
• Country: JP
• Employees: 7,521
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 19.11
• Shares Outstanding: 969,416,000
• 10 Day Avg. Volume: 3,127,410
• 30 Day Avg. Volume: 2,894,526
• PEG Ratio: 2.26
• Price to Book (P/B): 2.69
• Price to Sales (P/S): 1.93
• P/FCF Ratio: 38.31
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥1,525.00
• Price Target Upside: 2.83% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 69.32
• Revenue Forecast (FY): ¥786.03B

• Rating: 72 Outperform
• Price Target: ¥1,704.00 ▲(14.90% Upside)
• Action: Reiterated Date: 02/07/26
• Date: Action: Reiterated 02/07/26

The score is driven primarily by strong financial performance (consistent growth, healthy margins, and solid cash flow) offset by some balance-sheet/cash-flow watch items. Technical indicators are mixed with near-term softness despite a longer-term uptrend, and valuation is only average given the P/E and modest dividend yield.

Positive Factors

Resilient branded food business model

Kikkoman's core business is highly durable: an iconic consumer brand with repeat household and foodservice demand and international production/distribution. That steady, staple-oriented revenue mix supports predictable volumes, pricing power and long-term shelf-space and channel advantages.

Negative Factors

Rising total debt trend

Although equity and leverage remain reasonable today, the documented increase in total debt is a structural risk if the trend continues. Higher leverage can raise interest costs, constrain capital allocation, and reduce flexibility to weather weaker demand or fund strategic initiatives over the next several quarters.

Kikkoman Business Overview & Revenue Model

Company Description

Kikkoman Corporation, through its subsidiaries, manufactures and sells food products in Japan, North America, and internationally. The company offers soy sauces, soy sauce soup bases, dipping and marinade sauces, handy seasoning mixes, and Del Mon...

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Kikkoman Corporation, through its subsidiaries, manufactures and sells food products in Japan, North America, and internationally. The company offers soy sauces, soy sauce soup bases, dipping and marinade sauces, handy seasoning mixes, and Del Mon...

How the Company Makes Money

Kikkoman makes money primarily by manufacturing and selling branded food products, with soy sauce as its flagship category. Revenue is generated through (1) sales of soy sauce and related seasonings (e.g., sauces, soup bases, and other flavoring p...

Read more

Kikkoman makes money primarily by manufacturing and selling branded food products, with soy sauce as its flagship category. Revenue is generated through (1) sales of soy sauce and related seasonings (e.g., sauces, soup bases, and other flavoring p...

Kikkoman Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	726.27B	708.98B	660.84B	618.90B	516.44B	439.41B
Gross Profit	244.38B	227.80B	219.01B	195.64B	171.02B	146.69B
EBITDA	103.96B	104.19B	97.42B	81.02B	72.30B	61.88B
Net Income	59.45B	61.70B	56.44B	43.73B	38.90B	31.16B
Balance Sheet
Total Assets	731.15B	679.41B	667.88B	566.38B	503.06B	438.51B
Cash, Cash Equivalents and Short-Term Investments	88.98B	106.18B	119.16B	99.35B	79.23B	55.68B
Total Debt	60.76B	59.01B	59.91B	50.98B	43.46B	41.66B
Total Liabilities	176.95B	163.36B	169.62B	149.41B	139.15B	124.99B
Stockholders Equity	546.58B	508.54B	491.36B	410.51B	357.82B	308.13B
Cash Flow
Free Cash Flow	0.00	35.71B	51.10B	33.60B	33.40B	41.45B
Operating Cash Flow	0.00	75.20B	80.81B	59.20B	52.09B	57.17B
Investing Cash Flow	0.00	-39.67B	-42.99B	-26.62B	-16.11B	-16.89B
Financing Cash Flow	0.00	-46.09B	-31.42B	-20.38B	-17.90B	-15.42B

Kikkoman Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1483.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2801, the sentiment is Positive. The current price of 1483 is above the 20-day moving average (MA) of 1421.21, above the 50-day MA of 1427.59, and above the 200-day MA of 1344.15, indicating a bullish trend. The MACD of 43.98 indicates Negative momentum. The RSI at 62.83 is Neutral, neither overbought nor oversold. The STOCH value of 75.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2801.

Kikkoman Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2805	73 Outperform	¥132.03B	6.86	―	1.08%	0.48%	-4.27%
2801	72 Outperform	¥1.47T	18.60	11.19%	1.46%	2.65%	-5.76%
2809	71 Outperform	¥539.34B	28.74	9.28%	1.30%	5.50%	27.32%
2810	68 Neutral	¥299.47B	10.81	4.15%	1.66%	0.74%	5.88%
2811	63 Neutral	¥246.77B	14.87	―	2.11%	3.69%	-50.13%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2802	61 Neutral	¥4.52T	20.92	9.46%	1.32%	1.99%	-18.79%

Kikkoman Corporate Events