Kikkoman (2801) AI Stock Analysis

• Market Cap: $1.35T
• Dividend Yield: 1.46%
• Average Volume (3M): 2.89M
• Price to Earnings (P/E): 22.6
• Beta (1Y): 0.73
• Revenue Growth: 2.65%
• EPS Growth: -5.76%
• Country: JP
• Employees: 7,521
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 17.10
• 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: 39.66
• Enterprise Value/Market Cap: 0.92
• Enterprise Value/Revenue: 1.75
• Enterprise Value/Gross Profit: 5.21
• Enterprise Value/Ebitda: 11.17
• 1Y Price Target: $1,450.90
• Price Target Upside: 3.93% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ¥1,526.00 ▲(9.31% Upside)

Kikkoman's overall stock score reflects its strong financial performance and fair valuation. The technical analysis suggests a positive trend, though caution is advised due to potential bearish momentum and overbought conditions. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates expanding market reach and product adoption, supporting long-term business sustainability.

Cash Flow Management

Strong cash flow management ensures liquidity for investments and operations, enhancing financial stability and growth potential.

Balance Sheet Health

A strong balance sheet with low debt-to-equity ratio showcases financial stability, providing resilience against economic fluctuations.

Negative Factors

Debt Management

Increasing debt levels could pose future risks if not managed carefully, potentially impacting financial flexibility and stability.

Operating Cash Flow Decline

A decline in operating cash flow suggests potential inefficiencies in cash flow management, which could affect liquidity and investment capacity.

EPS Growth Decline

Negative EPS growth indicates challenges in profitability, which may affect investor confidence and the company's ability to reinvest in growth.

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 Monte seasonings; soy milk and Del Monte beverages; sweet sake for cooking; and wines. It also manufactures and sells canned fruits, canned corn, and tomato ketchup, as well as health foods; and purchases and sells oriental food products. In addition, the company produces and sells clinical diagnostic reagents, hygiene inspection agents, and processing enzymes, as well as chemical products, including hyaluronic acid; and offers real estate rental, logistics, and back-office support services. It serves home, and industrial and food service sectors. The company was formerly known as Kikkoman Shoyu Co., Ltd. and changed its name to Kikkoman Corporation in 1980. Kikkoman Corporation was founded in 1917 and is headquartered in Noda, Japan.

How the Company Makes Money

Kikkoman generates revenue primarily through the sale of its various condiment products, with soy sauce being the flagship item. The company operates on a multi-channel distribution model, including retail, food service, and industrial sectors. Key revenue streams include direct sales to supermarkets and grocery stores, partnerships with restaurants and food manufacturers, and exports to international markets. Additionally, Kikkoman benefits from strategic partnerships and collaborations, which enhance its distribution capabilities and brand presence. The company also invests in product innovation and marketing, allowing it to capture diverse consumer preferences and expand its market reach.

Kikkoman Financial Statement Overview

Summary

Kikkoman exhibits strong financial performance with consistent revenue and profit growth, effective cost management, and stable cash flows. The company maintains a healthy balance sheet, though attention should be given to managing debt levels and improving cash flow to sustain long-term growth.

Income Statement

Kikkoman has demonstrated strong revenue growth over the years, with a significant increase from 2021 to 2025. The gross profit margin and net profit margin are healthy, indicating efficient cost management and profitability. The EBIT and EBITDA margins show robust operational efficiency. Consistent revenue and profit growth highlight a positive trend, though the sharp increase in total revenue may slow in future periods.

Balance Sheet

The company maintains a solid balance sheet with a strong equity position and a low debt-to-equity ratio, showcasing financial stability. The return on equity is commendable, indicating good returns for shareholders. The equity ratio further underscores the company's strong financial health. However, attention should be given to increasing total debt, which could pose future risks if not managed carefully.

Cash Flow

Kikkoman's cash flow is solid, with positive free cash flow and a strong operating cash flow to net income ratio, highlighting effective cash management. The free cash flow growth rate is stable, ensuring liquidity for investments and operations. However, the decline in operating cash flow from 2024 to 2025 suggests potential areas for improvement in cash flow management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	706.42B	708.98B	660.84B	618.90B	516.44B	439.41B
Gross Profit	237.55B	239.23B	228.72B	204.43B	178.83B	154.23B
EBITDA	110.72B	112.26B	100.86B	83.78B	74.75B	63.14B
Net Income	58.94B	61.70B	56.44B	43.73B	38.90B	31.16B
Balance Sheet
Total Assets	664.11B	679.41B	667.88B	566.38B	503.06B	438.51B
Cash, Cash Equivalents and Short-Term Investments	88.99B	106.18B	119.16B	99.35B	79.23B	55.68B
Total Debt	58.08B	65.80B	59.91B	50.98B	43.46B	41.66B
Total Liabilities	155.74B	163.36B	169.62B	149.42B	139.15B	124.99B
Stockholders Equity	501.20B	508.54B	491.36B	410.51B	357.82B	308.13B
Cash Flow
Free Cash Flow	0.00	34.49B	49.74B	32.65B	32.53B	40.10B
Operating Cash Flow	0.00	73.98B	80.81B	59.20B	52.09B	57.17B
Investing Cash Flow	0.00	-38.46B	-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: 1396.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 1396 is below the 20-day moving average (MA) of 1426.40, above the 50-day MA of 1388.86, and above the 200-day MA of 1346.79, indicating a neutral trend. The MACD of 0.94 indicates Positive momentum. The RSI at 45.25 is Neutral, neither overbought nor oversold. The STOCH value of 18.22 is Positive, 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
2809	74 Outperform	¥584.65B	21.02	9.28%	1.30%	5.50%	27.32%
2801	73 Outperform	$1.35T	22.60	11.19%	1.46%	2.65%	-5.76%
2804	66 Neutral	¥24.67B	9.96	―	2.05%	0.99%	830.67%
2811	66 Neutral	¥232.82B	19.79	―	2.11%	3.69%	-50.13%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2819	62 Neutral	¥23.44B	17.74	―	1.87%	3.08%	-16.77%
2802	55 Neutral	$3.30T	45.82	9.46%	1.32%	1.99%	-18.79%

Kikkoman Corporate Events

Kikkoman Completes Share Buyback to Enhance Shareholder Value

Kikkoman Corporation has concluded the acquisition of its own shares, purchasing 2,931,700 shares for approximately 3.97 billion yen through market transactions on the Tokyo Stock Exchange. This move, part of a broader strategy authorized by the Board of Directors, aims to enhance shareholder value and optimize capital structure, reflecting the company’s commitment to strategic financial management.

The most recent analyst rating on (JP:2801) stock is a Hold with a Yen1500.00 price target. To see the full list of analyst forecasts on Kikkoman stock, see the JP:2801 Stock Forecast page.

Kikkoman Revises Financial Forecast for Fiscal Year 2026

Kikkoman Corporation has revised its financial forecast for the fiscal year ending March 31, 2026, reflecting a slight decrease in expected revenue but an increase in business profit. The revision is attributed to the company’s performance in the first half of the fiscal year and changes in foreign currency exchange rates, which have impacted the financial outlook.

The most recent analyst rating on (JP:2801) stock is a Buy with a Yen1397.00 price target. To see the full list of analyst forecasts on Kikkoman stock, see the JP:2801 Stock Forecast page.

Kikkoman Reports Mixed Financial Results for H1 Fiscal 2026

Kikkoman Corporation’s financial results for the first half of fiscal 2026 show a slight increase in revenue by 0.9% compared to the previous year, while business and operating profits have declined. Despite a decrease in profit attributable to owners of the parent, the company experienced a significant rise in total comprehensive income. The financial position remains strong with a stable ratio of equity attributable to owners of the parent to total assets.

The most recent analyst rating on (JP:2801) stock is a Buy with a Yen1397.00 price target. To see the full list of analyst forecasts on Kikkoman stock, see the JP:2801 Stock Forecast page.

Kikkoman Executes Share Buyback Strategy

Kikkoman Corporation has announced the acquisition of its own shares, acquiring 4,755,200 shares in October 2025 through market transactions on the Tokyo Stock Exchange, amounting to 6,025,118,579 yen. This move is part of a broader strategy approved by the Board of Directors to acquire up to 16 million shares by March 2026, reflecting a commitment to enhance shareholder value.

The most recent analyst rating on (JP:2801) stock is a Buy with a Yen1397.00 price target. To see the full list of analyst forecasts on Kikkoman stock, see the JP:2801 Stock Forecast page.

Kikkoman Announces Interim Dividend Distribution

Kikkoman Corporation has announced an interim dividend distribution of 10 yen per share, maintaining its commitment to shareholder returns as part of its strategic management policy. This decision reflects the company’s focus on balancing profit distribution with future business expansion and strengthening its corporate foundation.

The most recent analyst rating on (JP:2801) stock is a Buy with a Yen1397.00 price target. To see the full list of analyst forecasts on Kikkoman stock, see the JP:2801 Stock Forecast page.

Kikkoman Corporation Executes Strategic Share Buyback

Kikkoman Corporation has announced the acquisition of its own shares as part of a strategic move to enhance shareholder value. During September 2025, the company acquired 1,016,000 shares through market transactions on the Tokyo Stock Exchange, with an aggregate acquisition price of 1,325,659,693 yen. This initiative is part of a broader plan to acquire up to 16,000,000 shares by March 2026, reflecting Kikkoman’s commitment to optimizing its capital structure and reinforcing its market position.

The most recent analyst rating on (JP:2801) stock is a Buy with a Yen1467.00 price target. To see the full list of analyst forecasts on Kikkoman stock, see the JP:2801 Stock Forecast page.