Kikkoman Corporation (KIKOY)

Kikkoman Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	693,671	660,835	618,899	516,440	439,411	468,616
Revenue Growth (YoY)	9.02%	6.78%	19.84%	17.53%	-6.23%	3.32%
Cost of Revenue	455,269	432,114	414,474	337,611	285,178	286,978
Gross Profit	238,402	228,721	204,425	178,829	154,233	181,638
Selling, General & Admin	145,776	140,545	131,691	113,850	99,280	141,812
Research & Development	5,067	5,067	5,174	4,892	4,758	-
Other Operating Expenses	-359	3,702	887	2,382	-457	-
Operating Expenses	160,190	159,020	146,535	128,937	111,126	142,811
Operating Income	78,212	69,701	57,890	49,892	43,107	38,827
Interest Expense	-	-1,490	-995	-737	-919	-464
Interest & Investment Income	4,537	5,110	2,699	1,168	1,115	2,019
Earnings From Equity Investments	323	262	254	249	206	209
Currency Exchange Gain (Loss)	-7,401	-7,401	-6,328	-5,703	-1,225	1,392
Other Non Operating Income (Expenses)	-311	-312	-143	-223	167	-3,356
EBT Excluding Unusual Items	75,360	65,870	53,377	44,646	42,451	38,627
Gain (Loss) on Sale of Investments	-2,005	-2,005	-	2,172	-	-51
Gain (Loss) on Sale of Assets	-397	-397	-772	-490	-976	15
Asset Writedown	12,135	12,135	8,191	7,901	1,718	-660
Other Unusual Items	-	-	-	-	-	-2
Pretax Income	85,093	75,603	60,796	54,229	43,193	37,929
Income Tax Expense	22,239	18,704	16,597	14,885	11,572	10,925
Earnings From Continuing Operations	62,854	56,899	44,199	39,344	31,621	27,004
Minority Interest in Earnings	-467	-458	-466	-441	-462	-409
Net Income	62,387	56,441	43,733	38,903	31,159	26,595
Net Income to Common	62,387	56,441	43,733	38,903	31,159	26,595
Net Income Growth	26.67%	29.06%	12.42%	24.85%	17.16%	2.32%
Shares Outstanding (Basic)	952	953	958	959	960	960
Shares Outstanding (Diluted)	952	953	958	959	960	960
Shares Change (YoY)	-0.48%	-0.42%	-0.11%	-0.14%	-0.00%	-0.00%
EPS (Basic)	65.55	59.19	45.67	40.59	32.46	27.71
EPS (Diluted)	65.55	59.19	45.67	40.59	32.46	27.71
EPS Growth	27.29%	29.60%	12.53%	25.03%	17.16%	2.32%
Free Cash Flow	47,415	51,105	33,602	33,396	41,449	14,853
Free Cash Flow Per Share	49.82	53.60	35.09	34.84	43.18	15.47
Dividend Per Share	24.000	20.800	13.600	12.200	9.000	8.400
Dividend Growth	66.67%	52.94%	11.48%	35.56%	7.14%	2.44%
Gross Margin	34.37%	34.61%	33.03%	34.63%	35.10%	38.76%
Operating Margin	11.28%	10.55%	9.35%	9.66%	9.81%	8.29%
Profit Margin	8.99%	8.54%	7.07%	7.53%	7.09%	5.68%
Free Cash Flow Margin	6.84%	7.73%	5.43%	6.47%	9.43%	3.17%
EBITDA	104,016	93,721	80,130	69,922	62,342	55,614
EBITDA Margin	14.99%	14.18%	12.95%	13.54%	14.19%	11.87%
D&A For EBITDA	25,804	24,020	22,240	20,030	19,235	16,787
EBIT	78,212	69,701	57,890	49,892	43,107	38,827
EBIT Margin	11.28%	10.55%	9.35%	9.66%	9.81%	8.29%
Effective Tax Rate	26.13%	24.74%	27.30%	27.45%	26.79%	28.80%
Advertising Expenses	-	17,829	14,725	14,550	14,373	10,711

Source: S&P Capital IQ. Standard template. Financial Sources.