Kikkoman (2801) investor relations material

Executive summary

• Revenue for the nine months ended December 31, 2025, rose 3.2% year-over-year to ¥552,809 million, with growth in both domestic and overseas markets.

• Business profit was flat at ¥63,034 million, while operating profit declined 2.8% to ¥60,762 million and profit attributable to owners of the parent fell 4.4% to ¥49,088 million.

• Domestic Foods Manufacturing and Sales and Overseas Foods segments both achieved higher revenue and profit, while Overseas Foods Wholesale saw higher revenue but lower profit.

Financial highlights

• Gross profit increased to ¥188,625 million from ¥183,472 million year-over-year.

• Basic earnings per share for the period was ¥52.45, down from ¥53.97 a year earlier.

• Total assets increased to ¥731,149 million, and total equity rose to ¥554,193 million as of December 31, 2025.

• Equity attributable to owners of the parent was ¥546,584 million, with a ratio to total assets of 74.8%.

Outlook and guidance

• Full-year revenue is forecast at ¥731,000 million, up 3.1% year-over-year, with profit attributable to owners of the parent projected at ¥60,000 million, down 2.7%.

• No changes to previously announced full-year forecasts or business risk outlook.

• Year-end dividend forecast is ¥15.00 per share, for a total annual dividend of ¥25.00 per share.