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Kikkoman (2801) investor relations material
Kikkoman Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary7 Nov, 2025
Executive summary
H1 FY2026 revenue rose to ¥358.6 billion, up 3.9% year-over-year excluding FX, with business profit up 0.5% and profit margin at 11.5%.
Profit attributable to owners was ¥31.3 billion, down 6.3% year-over-year excluding FX.
Domestic soy milk sales grew double digits, and soy sauce in Europe maintained strong growth.
Despite US tariff disruptions in Q1, stabilization and recovery occurred in Q2, especially in North America and Europe.
Domestic Foods Manufacturing and Sales saw higher revenue and profit, while Overseas segments had mixed results.
Financial highlights
H1 FY2026 revenue: ¥358.6bn (+3.9% YoY excl. FX); business profit: ¥41.2bn (+0.5% YoY excl. FX); profit attributable to owners: ¥31.3bn (-6.3% YoY excl. FX).
Operating profit decreased 5.6% year-over-year to ¥39.6 billion.
Full-year FY2026 forecast: revenue ¥731.0bn (+4.6% YoY excl. FX), business profit ¥78.0bn (+2.7% YoY excl. FX), profit attributable to owners ¥60.0bn (-0.9% YoY excl. FX).
Interim dividend maintained at ¥10 per share, with a full-year forecast of ¥25 per share.
Total assets increased to ¥699.5 billion as of September 30, 2025.
Outlook and guidance
H2 FY2026 is expected to see over 5% growth in both revenue and profit, with North American soy sauce returning to normal growth and domestic soy milk continuing its expansion.
Full-year business profit revised upward from initial forecast.
Assumed exchange rates for FY2026: ¥148.24/USD and ¥168.44/EUR.
Overseas SG&A impact on profit drivers?
Key overseas capex investments and expected returns?
Drivers of FX translation gain in comprehensive income?
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Q3 20264 Feb, 2026
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Frequently asked questions
Kikkoman Corporation specializes in the production and distribution of food products, with a particular focus on soy sauce and other seasonings. The company also manufactures and sells food products such as soy milk, Asian sauces, and marinades. In addition to its food segment, Kikkoman is involved in the production of alcoholic beverages, including sake and plum wine. The company operates in various sectors including retail, foodservice, and industrial applications, catering to both domestic and international markets. The company is headquartered in Noda, Chiba, and its shares are listed on the TYO.
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