Kikkoman Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Revenue	708,979	660,835	618,899	516,440	439,411	Upgrade
Revenue Growth (YoY)	7.29%	6.78%	19.84%	17.53%	-6.23%	Upgrade
Cost of Revenue	469,746	432,114	414,474	337,611	285,178	Upgrade
Gross Profit	239,233	228,721	204,425	178,829	154,233	Upgrade
Selling, General & Admin	145,163	140,545	131,691	113,850	99,280	Upgrade
Research & Development	5,362	5,067	5,174	4,892	4,758	Upgrade
Other Operating Expenses	543	3,702	887	2,382	-457	Upgrade
Operating Expenses	162,500	159,020	146,535	128,937	111,126	Upgrade
Operating Income	76,733	69,701	57,890	49,892	43,107	Upgrade
Interest Expense	-1,730	-1,490	-995	-737	-919	Upgrade
Interest & Investment Income	6,490	5,110	2,699	1,168	1,115	Upgrade
Earnings From Equity Investments	432	262	254	249	206	Upgrade
Currency Exchange Gain (Loss)	1,302	-7,401	-6,328	-5,703	-1,225	Upgrade
Other Non Operating Income (Expenses)	181	-312	-143	-223	167	Upgrade
EBT Excluding Unusual Items	83,408	65,870	53,377	44,646	42,451	Upgrade
Gain (Loss) on Sale of Investments	-	-2,005	-	2,172	-	Upgrade
Gain (Loss) on Sale of Assets	-1,152	-397	-772	-490	-976	Upgrade
Asset Writedown	1,497	12,135	8,191	7,901	1,718	Upgrade
Pretax Income	83,753	75,603	60,796	54,229	43,193	Upgrade
Income Tax Expense	21,568	18,704	16,597	14,885	11,572	Upgrade
Earnings From Continuing Operations	62,185	56,899	44,199	39,344	31,621	Upgrade
Minority Interest in Earnings	-490	-458	-466	-441	-462	Upgrade
Net Income	61,695	56,441	43,733	38,903	31,159	Upgrade
Net Income to Common	61,695	56,441	43,733	38,903	31,159	Upgrade
Net Income Growth	9.31%	29.06%	12.41%	24.85%	17.16%	Upgrade
Shares Outstanding (Basic)	949	953	958	959	960	Upgrade
Shares Outstanding (Diluted)	949	953	958	959	960	Upgrade
Shares Change (YoY)	-0.44%	-0.42%	-0.11%	-0.14%	-0.00%	Upgrade
EPS (Basic)	64.99	59.19	45.67	40.59	32.46	Upgrade
EPS (Diluted)	64.99	59.19	45.67	40.59	32.46	Upgrade
EPS Growth	9.79%	29.60%	12.53%	25.03%	17.16%	Upgrade
Free Cash Flow	34,491	51,105	33,602	33,396	41,449	Upgrade
Free Cash Flow Per Share	36.33	53.60	35.09	34.84	43.18	Upgrade
Dividend Per Share	23.000	20.800	13.600	12.200	9.000	Upgrade
Dividend Growth	10.58%	52.94%	11.47%	35.56%	7.14%	Upgrade
Gross Margin	33.74%	34.61%	33.03%	34.63%	35.10%	Upgrade
Operating Margin	10.82%	10.55%	9.35%	9.66%	9.81%	Upgrade
Profit Margin	8.70%	8.54%	7.07%	7.53%	7.09%	Upgrade
Free Cash Flow Margin	4.87%	7.73%	5.43%	6.47%	9.43%	Upgrade
EBITDA	103,650	93,721	80,130	69,922	62,342	Upgrade
EBITDA Margin	14.62%	14.18%	12.95%	13.54%	14.19%	Upgrade
D&A For EBITDA	26,917	24,020	22,240	20,030	19,235	Upgrade
EBIT	76,733	69,701	57,890	49,892	43,107	Upgrade
EBIT Margin	10.82%	10.55%	9.35%	9.66%	9.81%	Upgrade
Effective Tax Rate	25.75%	24.74%	27.30%	27.45%	26.79%	Upgrade
Advertising Expenses	17,543	17,829	14,725	14,550	14,373	Upgrade

Updated Feb 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.