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Kikkoman (2801) investor relations material
Kikkoman Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY2027 revenue and business profit grew 13.1% and 23.0% reported, respectively; excluding FX, they rose 5.1% and 12.6%.
Growth was led by Overseas Foods Wholesale; domestic Foods Manufacturing and Sales profit declined. FY2027 revenue and business profit forecasts were raised from initial estimates.
Financial highlights
H1 revenue was ¥405,491m, business profit ¥50,719m, operating profit ¥49,178m and profit before income taxes ¥52,159m.
Profit attributable to owners was ¥38,251m, up 22.1%; basic EPS was ¥41.28 versus ¥33.34 a year earlier.
Gross profit was ¥144,531m versus ¥122,949m; gross margin was 35.6% versus 34.3%.
H1 business profit margin was 12.5%, up 1.0 pt; growth included timing shifts in advertising and other expenses and a temporary North American wholesale benefit.
Outlook and guidance
FY2027 forecast: revenue ¥816,400m, business profit ¥85,100m, operating profit ¥79,600m, pretax profit ¥85,200m and attributable profit ¥61,300m.
Revenue and business profit forecasts rose ¥17,300m and ¥2,800m from prior estimates; operating and pretax profit each rose ¥800m, while attributable profit was unchanged.
H2 forecast: revenue ¥410,908m (+6.2% YoY), business profit ¥34,380m (-10.2%), operating profit ¥30,421m (-16.2%) and attributable profit ¥23,048m (-23.9%).
FY2027 forecast assumes ¥159.14/USD and ¥182.49/EUR; H2 assumes ¥158.00/USD. Strategic wholesale spending and the new U.S. plant’s fixed costs weigh on H2 profit.
- Strong Q1 FY2027 growth across all segments, with robust profits and steady full-year outlook.2801
Q1 2027 - FY2026 revenue up 5.2% YoY; FY2027 targets growth amid investment and global uncertainty.2801
Q4 2026 - Revenue up 3.2% year-over-year, but profit attributable to owners down 4.4%.2801
Q3 2026 - H1 FY2026 revenue rose but profit fell, with improved outlook and strong capital investment.2801
Q2 2026 - Revenue and profit fell as currency headwinds offset domestic and local currency growth.2801
Q1 2026 - Strong sales and profit growth in 1Q FY2025, with guidance maintained for the full year.2801
Q1 2025 - Strong H1 growth led to upward guidance and major share buyback plans.2801
Q2 2025 - Record revenue and profit were driven by global demand, with FY2026 facing cost headwinds.2801
Q4 2025 - Strong revenue and profit growth across all major segments, with robust global demand.2801
Q3 2025
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