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Kikkoman Corp (KIKOY)
OTHER OTC:KIKOY
US Market
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Kikkoman (KIKOY) AI Stock Analysis

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KIKOY

Kikkoman

(OTC:KIKOY)

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Outperform 70 (OpenAI - 5.2)
Rating:70Outperform
Price Target:
$20.00
â–²(13.31% Upside)
Action:ReiteratedDate:04/27/26
The score is driven primarily by strong financial performance (accelerating growth, healthy margins, and a conservatively leveraged balance sheet). This is tempered by weaker near-term technical momentum and only moderate valuation support, with a relatively low dividend yield.
Positive Factors
Revenue Growth
Kikkoman’s revenue accelerated to ~11.9% in 2026 after steady mid-single-digit growth, reflecting broadening international demand and brand traction. Durable top-line momentum supports reinvestment in distribution, scale efficiencies, and long-term market-share gains across retail and foodservice channels.
Negative Factors
Cash Flow Consistency
Operating cash (~96B) and positive FCF (~36.2B) are strengths, but FCF conversion fell to ~38% of earnings and has been volatile due to working-capital and capex swings. This reduces predictability for dividends, buybacks, and strategic investments over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Kikkoman’s revenue accelerated to ~11.9% in 2026 after steady mid-single-digit growth, reflecting broadening international demand and brand traction. Durable top-line momentum supports reinvestment in distribution, scale efficiencies, and long-term market-share gains across retail and foodservice channels.
Read all positive factors

Kikkoman (KIKOY) vs. SPDR S&P 500 ETF (SPY)

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...
How the Company Makes Money
Kikkoman primarily makes money by manufacturing and selling branded food products, with soy sauce as its flagship category. Revenue is generated through (1) domestic Japan sales and (2) overseas sales, where the company markets its products throug...

Kikkoman Financial Statement Overview

Summary
Strong fundamentals: accelerating revenue growth (~11.9% in 2026) with solid, stable profitability (gross margin ~34%, operating margin ~10–12%) and strong returns supported by low leverage. The main offsets are modest recent margin compression and weaker/volatile free-cash-flow conversion in 2026 versus prior years.
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
74
Positive
BreakdownTTMMar 2026Mar 2026Mar 2025Mar 2024Mar 2023
Income Statement
Total Revenue706.42B790.50B708.98B660.84B618.90B516.44B
Gross Profit237.55B267.85B239.23B228.72B195.64B171.02B
EBITDA97.56B112.67B112.69B93.72B80.13B69.92B
Net Income58.94B65.33B61.70B56.44B43.73B38.90B
Balance Sheet
Total Assets664.11B754.92B679.41B667.88B566.38B503.06B
Cash, Cash Equivalents and Short-Term Investments88.99B112.25B135.46B150.78B103.86B81.77B
Total Debt58.08B61.70B59.01B59.91B50.98B43.46B
Total Liabilities155.74B183.61B163.37B169.62B149.41B139.15B
Stockholders Equity501.20B563.36B508.54B491.36B410.51B357.82B
Cash Flow
Free Cash Flow0.0036.17B33.31B49.74B32.65B32.53B
Operating Cash Flow0.0095.97B73.98B80.81B59.20B52.09B
Investing Cash Flow0.00-45.85B-38.46B-42.99B-26.62B-16.11B
Financing Cash Flow0.00-56.29B-46.09B-31.42B-20.38B-17.90B

Kikkoman Technical Analysis

Technical Analysis Sentiment
Positive
Last Price17.65
Price Trends
50DMA
18.34
Positive
100DMA
18.26
Positive
200DMA
17.85
Positive
Market Momentum
MACD
0.27
Positive
RSI
54.59
Neutral
STOCH
11.59
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KIKOY, the sentiment is Positive. The current price of 17.65 is below the 20-day moving average (MA) of 18.42, below the 50-day MA of 18.34, and below the 200-day MA of 17.85, indicating a bullish trend. The MACD of 0.27 indicates Positive momentum. The RSI at 54.59 is Neutral, neither overbought nor oversold. The STOCH value of 11.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KIKOY.

Kikkoman Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
$9.04B19.8711.43%1.70%6.30%2.96%
69
Neutral
$13.58B4.7027.31%2.61%5.68%109.20%
69
Neutral
$7.04B9.7117.25%2.86%-2.84%14.89%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
61
Neutral
$10.32B-3.86-21.55%4.45%1.58%-389.82%
56
Neutral
$6.81B11.30-0.51%7.87%-4.73%-112.96%
54
Neutral
$6.10B14.1413.98%5.64%-0.81%5.57%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
KIKOY
Kikkoman
18.71
-0.86
-4.41%
CPB
Campbell Soup
20.45
-13.99
-40.61%
CAG
Conagra Brands
14.23
-9.09
-38.97%
SJM
JM Smucker
96.80
-14.96
-13.39%
MKC
McCormick & Company
50.54
-23.95
-32.15%
INGR
Ingredion
111.71
-17.52
-13.56%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 27, 2026