Kikkoman (2801) Q1 2026 earnings summary

Executive summary

• Revenue for 1Q FY2026 was ¥175,660 million, down 1.4% year-over-year, mainly due to yen appreciation impacting overseas sales despite local currency growth.

• Business profit decreased 10.8% to ¥19,532 million, and profit attributable to owners of the parent fell 15.3% to ¥15,293 million year-over-year.

• Domestic Foods Manufacturing and Sales saw revenue growth, while Overseas segments faced declines due to currency effects.

Financial highlights

• Gross profit for the quarter was ¥60,181 million, down from ¥61,868 million year-over-year.

• Operating profit declined 11.1% to ¥19,091 million; EPS was ¥16.24, down from ¥18.97.

• Total assets decreased to ¥664,107 million from ¥679,414 million at the previous fiscal year-end.

• Equity attributable to owners of the parent was ¥501,202 million, with a ratio to total assets of 75.5%.

Outlook and guidance

• Full-year revenue forecast remains at ¥744,500 million, up 5.0% year-over-year.

• Business profit for the year is projected at ¥77,600 million (+0.4%), with profit attributable to owners of the parent at ¥59,600 million (-3.4%).

• No changes to previously announced forecasts; management notes ongoing economic uncertainty.