Kikkoman Corporation (KIKOY)

Kikkoman Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	726,273	708,979	660,835	618,899	516,440	439,411
Revenue Growth (YoY)	3.54%	7.29%	6.78%	19.84%	17.53%	-6.23%
Cost of Revenue	481,888	469,746	432,114	414,474	337,611	285,178
Gross Profit	244,385	239,233	228,721	204,425	178,829	154,233
Selling, General & Admin	150,336	145,163	140,545	131,691	113,850	99,280
Research & Development	5,362	5,362	5,067	5,174	4,892	4,758
Other Operating Expenses	2,714	543	3,702	887	2,382	-457
Operating Expenses	169,844	162,500	159,020	146,535	128,937	111,126
Operating Income	74,541	76,733	69,701	57,890	49,892	43,107
Interest Expense	-252	-1,730	-1,490	-995	-737	-919
Interest & Investment Income	4,061	6,490	5,110	2,699	1,168	1,115
Earnings From Equity Investments	393	432	262	254	249	206
Currency Exchange Gain (Loss)	1,578	1,302	-7,401	-6,328	-5,703	-1,225
Other Non Operating Income (Expenses)	182	181	-312	-143	-223	167
EBT Excluding Unusual Items	80,503	83,408	65,870	53,377	44,646	42,451
Gain (Loss) on Sale of Investments	-	-	-2,005	-	2,172	-
Gain (Loss) on Sale of Assets	-955	-1,152	-397	-772	-490	-976
Asset Writedown	1,497	1,497	12,135	8,191	7,901	1,718
Pretax Income	81,045	83,753	75,603	60,796	54,229	43,193
Income Tax Expense	21,051	21,568	18,704	16,597	14,885	11,572
Earnings From Continuing Operations	59,994	62,185	56,899	44,199	39,344	31,621
Minority Interest in Earnings	-540	-490	-458	-466	-441	-462
Net Income	59,454	61,695	56,441	43,733	38,903	31,159
Net Income to Common	59,454	61,695	56,441	43,733	38,903	31,159
Net Income Growth	-4.49%	9.31%	29.06%	12.41%	24.85%	17.16%
Shares Outstanding (Basic)	938	949	953	958	959	960
Shares Outstanding (Diluted)	938	949	953	958	959	960
Shares Change (YoY)	-1.40%	-0.44%	-0.42%	-0.11%	-0.14%	-0.00%
EPS (Basic)	63.39	64.99	59.19	45.67	40.59	32.46
EPS (Diluted)	63.39	64.99	59.19	45.67	40.59	32.46
EPS Growth	-3.13%	9.79%	29.60%	12.53%	25.03%	17.16%
Free Cash Flow	-	34,491	51,105	33,602	33,396	41,449
Free Cash Flow Per Share	-	36.33	53.60	35.09	34.84	43.18
Dividend Per Share	13.000	23.000	20.800	13.600	12.200	9.000
Dividend Growth	-45.83%	10.58%	52.94%	11.47%	35.56%	7.14%
Gross Margin	33.65%	33.74%	34.61%	33.03%	34.63%	35.10%
Operating Margin	10.26%	10.82%	10.55%	9.35%	9.66%	9.81%
Profit Margin	8.19%	8.70%	8.54%	7.07%	7.53%	7.09%
Free Cash Flow Margin	-	4.87%	7.73%	5.43%	6.47%	9.43%
EBITDA	103,631	103,650	93,721	80,130	69,922	62,342
EBITDA Margin	14.27%	14.62%	14.18%	12.95%	13.54%	14.19%
D&A For EBITDA	29,090	26,917	24,020	22,240	20,030	19,235
EBIT	74,541	76,733	69,701	57,890	49,892	43,107
EBIT Margin	10.26%	10.82%	10.55%	9.35%	9.66%	9.81%
Effective Tax Rate	25.97%	25.75%	24.74%	27.30%	27.45%	26.79%
Advertising Expenses	-	17,543	17,829	14,725	14,550	14,373

Source: S&P Global Market Intelligence. Standard template. Financial Sources.