KIKKOMAN CORPORATION (2801) Stock Price

Market cap
¥1.48T
P/E ratio
23.7x
Kikkoman manufactures and sells soy sauce, condiments, and food products globally, with major operations in Japan and international markets through brands like Del Monte.

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Business Overview

Kikkoman operates diverse business segments both domestically and internationally. In Japan, the company focuses on food manufacturing and sales, with soy sauce production and sales as its core business. Key affiliated companies include Kikkoman Foods Inc. and Higeta Shoyu Co., Ltd.

In the food division, the company manufactures and sells soy sauce-related condiments such as dipping sauces and cooking sauces, Del Monte tomato products, and commercial food ingredients. Japan Del Monte Inc. and Kikkoman Foodtech Inc. are major affiliated companies in this segment.

The beverage division manufactures and sells soy milk beverages and vegetable-fruit juices, with Kikkoman Soyfood Inc. leading this business. Additionally, the alcoholic beverages division produces and sells mirin and wine, with Mann's Wine Inc. as a key affiliated company.

Other domestic operations include pharmaceuticals, chemical products, real estate leasing, logistics, and indirect business services. Kikkoman Business Service Inc. and Kikkoman Biochemifa Inc. support these operations.

Internationally, Kikkoman manufactures and sells food products, with soy sauce production and sales as the primary focus. KIKKOMAN FOODS, INC. and KIKKOMAN SALES USA, INC. are major affiliated companies. The company also manufactures and sells Del Monte brand tomato products and canned goods.

In the overseas food wholesale business, the company sources and sells Asian food products. JFC INTERNATIONAL INC. and JFC DE MEXICO, S.A. DE C.V. operate in this segment. Through these operations, Kikkoman maintains a global presence.

Management Policy

Kikkoman has established "Global Vision 2030" and is advancing its growth strategy toward 2030. This vision, themed on "Challenging to Create New Value," aims to establish soy sauce as a global standard condiment and to create new flavors worldwide, contributing to healthier and more enriched food lifestyles.

The company has formulated a medium-term management plan for fiscal years 2025 through 2027, targeting annual average sales growth of 5% or more, operating profit margin of 10% or more, and ROE of 12% or more. Key priorities include sustaining growth and maintaining or improving profitability, optimizing management resources, and addressing social issues through business activities.

In overseas markets, the company is deepening its presence in major soy sauce markets and developing new markets. In North America, it plans to operate its third U.S. factory from the latter half of 2026, establishing a robust supply system. In Europe and Asia, the company aims to expand market share through region-specific marketing initiatives.

In the domestic market, the company is leveraging IT and digital technologies to strengthen its position as the No. 1 brand in soy sauce-related condiments and soy milk. Financially, the company is utilizing operating cash flow to invest in growth areas and improve productivity, aiming to enhance corporate value.

Kikkoman focuses on three key areas—global environment, food and health, and people and society—and contributes to addressing social issues through its business activities. Through this approach, the company aims to fulfill its corporate social responsibility while identifying new business opportunities.

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