Overview
Foods

KIKKOMAN CORPORATION

Kikkoman Corporation operates as a holding company overseeing a diversified food and beverage group with core strengths in soy sauce manufacturing and sales both domestically and internationally, alongside Del Monte-branded tomato processed foods, soy milk beverages, mirin, and wine. The group also engages in wholesale distribution of Asian food products through its JFC network spanning North America, Europe, Asia, and Oceania. Kikkoman holds permanent exclusive rights to the Del Monte brand in Japan and Asia-Pacific (excluding the Philippines), and operates production facilities across the United States, Europe, Southeast Asia, China, and Taiwan.

Market Cap
¥1,713B
US$10.9B
EV
¥1,638B
US$10.4B
Stock¥1,848.5▲+1.82%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
15.0
x
LTM EV/EBIT
20.0
x
LTM PER
26.2
x
LTM PBR
3.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+24.9%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 7, 25FY3/26 guidance raised: net profit ¥60.0bn (+¥0.4bn), business profit ¥78.0bn (+¥0.4bn)
2Feb 6, 26Q3 earnings: net profit -4% YoY (¥49.08bn), operating profit progress 81% vs 4-yr avg 87%
3Aug 7, 26Q1 earnings: operating profit ¥24.6bn (+29.0% YoY), beat market estimates
MC → EV Bridge
1,713BUS$10.9BMarket Cap61.6BUS$393M+ Debt93.2BUS$595M− Cash50.7BUS$324M− Inv. Sec.8.04BUS$51.3M+ NCI1,638BUS$10.4BEV
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Performance & Balance
Revenue 5Y (¥B)
516US$3.29B'22/3619US$3.95B'23/3661US$4.21B'24/3709US$4.52B'25/3746US$4.75B'26/3
EBITDA 5Y (¥B)
70.7US$451M'22/377.6US$495M'23/390.8US$579M'24/3101US$642M'25/3103US$655M'26/3
Net Income 5Y (¥B)
38.9US$248M'22/343.7US$279M'23/356.4US$360M'24/361.7US$393M'25/361.6US$393M'26/3
Capital Structure
90%
EquityD/E 0.11xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
79.2US$505M186US$1.19B'22/399.3US$634M208US$1.33B'23/3119US$760M218US$1.39B'24/3106US$677M59.0US$376M'25/3112US$713M61.4US$392M'26/3
Shareholders
Top 10 hold 47.5%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
18.85%
2
Custody Bank of Japan, Ltd. (Trust Account)
8.22%
3
Senshusha Co., Ltd.
3.62%
4
Mogisa Co., Ltd.
3.31%
5
Meiji Yasuda Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
2.67%
6
Hikidaka Co., Ltd.
2.58%
7
Kushigata Co., Ltd.
2.25%
8
Maruni Holdings Co., Ltd.
2.09%
9
Noda Industrial Science Research Institute (Public Interest Incorporated Foundation)
2.01%
10
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.93%
Management
17 officers
Yuzaburo MOGI
Director, Honorary Chairman, Chairman of the Board of Directors
Apr 1958 Joined Kikkoman Corporation Mar 1977 General Manager, Overseas Business Division Mar 1979 Director Mar 1982 Managing Director Oct 1985 Representative Director, Managing Director Mar 1989 Representative Director, Senior Managing Director Mar 1994 Representative Director, Vice President Feb 1995 Representative Director, President Jun 2004 Representative Director, Chairman, CEO Jun 2011 Director, Honorary Chairman, Chairman of the Board of Directors (current)
1935-02-13
Katsuaki HORIKIRI
Representative Director, Chairman
Apr 1974 Joined Kikkoman Corporation Jun 2002 General Manager, Kanto Branch Jun 2003 Executive Officer Jun 2006 Managing Executive Officer Apr 2008 General Manager, International Business Division No. 1 and General Manager, International Business Division No. 2 Jun 2008 Director, Managing Executive Officer Jun 2011 Representative Director, Senior Managing Executive Officer Jun 2011 Representative Director, Kikkoman Foods, Inc. Jun 2013 Representative Director, President, CEO Jun 2021 Representative Director, Chairman, CEO Jun 2023 Representative Director, Chairman (current)
1951-09-02
Shozaburo NAKANO
Representative Director, President, CEO
Apr 1981 Joined Kikkoman Corporation Apr 2008 General Manager, Corporate Planning Department Jun 2008 Executive Officer Dec 2009 General Manager, Corporate Planning Department and General Manager, Business Development Department Jun 2011 Managing Executive Officer Jun 2011 General Manager, Corporate Planning Office and General Manager, Business Development Department Jun 2012 Chief Financial Officer (CFO) Jun 2015 Director, Managing Executive Officer Jun 2019 Representative Director, Senior Managing Executive Officer Jun 2019 Representative Director, President, Kikkoman Foods, Inc. (current) Jun 2021 Representative Director, President, Chief Operating Officer (COO) Jun 2023 Representative Director, President, CEO (current)
1957-03-28
Osamu MOGI
Representative Director, Senior Managing Executive Officer, General Manager, International Business Headquarters
Oct 1996 Joined Kikkoman Corporation Jul 2011 Deputy General Manager, Overseas Business Division Jun 2012 Executive Officer Jun 2012 General Manager, Overseas Business Division Apr 2013 Assistant to General Manager, International Business Headquarters Jun 2014 Deputy General Manager, International Business Headquarters Jun 2015 Managing Executive Officer Jun 2017 Director, Managing Executive Officer Jun 2017 General Manager, International Business Headquarters (current) Jun 2021 Director, Senior Managing Executive Officer Jun 2023 Representative Director, Senior Managing Executive Officer (current)
1967-09-02
Akira MATSUYAMA
Director, Managing Executive Officer, General Manager, Research & Development Headquarters
Apr 1980 Joined Kikkoman Corporation Jun 2006 General Manager, Research & Development Department No. 3, Research & Development Headquarters Jun 2008 Executive Officer Jun 2008 General Manager, Research & Development Headquarters (current) Jun 2014 Managing Executive Officer Jun 2017 Representative Director, President, Kikkoman Biochemifa Company Jun 2018 Director, Managing Executive Officer (current)
1957-02-22
Ryohei TSUJI
Director, Managing Executive Officer
Apr 1984 Joined Kikkoman Corporation Sep 2014 General Manager, Product Development Headquarters, Kikkoman Foods, Inc. Jun 2015 Executive Officer Apr 2017 General Manager, Center for Future Deliciousness Research Jun 2019 Managing Executive Officer, Kikkoman Foods, Inc. Jun 2020 Managing Executive Officer Sep 2020 Director, President, Chief Operating Officer (COO), KIKKOMAN FOODS, INC. (current) Jun 2026 Director, Managing Executive Officer
1961-06-16
Toshihiko FUKUI
Director
Apr 1958 Joined Bank of Japan Sep 1989 Executive Director, Bank of Japan Dec 1994 Deputy Governor, Bank of Japan Nov 1998 Chairman, Fujitsu Research Institute Jun 2002 Director, Kikkoman Corporation Mar 2003 Governor, Bank of Japan Dec 2008 Chairman, Canon Institute for Global Studies (current) Jun 2009 Director, Kikkoman Corporation (current)
1935-09-07
Takeo IGUCHI
Director
Apr 1965 Joined Taisho Marine & Fire Insurance Co., Ltd. Apr 1996 President, Mitsui Marine & Fire Insurance Co., Ltd. Jun 2000 Chief Executive Officer (CEO), Representative Director, Chairman and President, Mitsui Marine & Fire Insurance Co., Ltd. Oct 2001 Representative Director, Chairman, Co-CEO, Mitsui Sumitomo Insurance Company, Limited Jul 2007 Senior Advisor, Mitsui Sumitomo Insurance Company, Limited Jun 2008 Audit & Supervisory Board Member, Kikkoman Corporation Jun 2014 Director, Kikkoman Corporation (current) Apr 2018 Honorary Advisor, Mitsui Sumitomo Insurance Company, Limited (current)
1942-04-09
Masako IINO
Director
Apr 1991 Professor, Tsuda University Nov 2004 President, Tsuda University Jun 2012 Chairman, Japan-U.S. Educational Exchange Promotion Foundation (Fulbright Memorial Fund) Nov 2012 Chairman of the Board of Trustees, Tsuda University Apr 2013 Professor Emeritus, Tsuda University (current) Apr 2013 Advisor, Tsuda University (current) Jun 2018 Director, Kikkoman Corporation (current)
1944-01-02
Nobuhiro ENDO
Director
Apr 1981 Joined NEC Corporation Apr 2010 Representative Director, Executive Officer, President, NEC Corporation Apr 2016 Representative Director, Chairman, NEC Corporation Jun 2019 Director, Chairman, NEC Corporation Jun 2022 Special Advisor, NEC Corporation (current) Jun 2024 Director, Kikkoman Corporation (current)
1953-11-08
Arthur M. MITCHELL
Director
Jul 1976 Admitted as attorney, State of New York Jan 2003 General Counsel, Asian Development Bank Sep 2007 Senior Advisor, White & Case Gaikokuho Jimu Bengoshi Jimusho (White & Case Foreign Law Office) (current) Jan 2008 Registered as Foreign Lawyer in Japan Jun 2025 Director, Kikkoman Corporation (current)
1947-07-23
Koichi MORI
Full-time Audit & Supervisory Board Member
Apr 1979 Joined Kikkoman Corporation Nov 2008 General Manager, Internal Control Department Jun 2012 Full-time Audit & Supervisory Board Member (current)
1955-08-18
Shinsuke SUGIYAMA
Director
Apr 1977 Joined Ministry of Foreign Affairs of Japan Jul 2008 Ambassador, Director-General for Global Issues, Cabinet Secretariat Jan 2011 Director-General, Asian and Oceanian Affairs Bureau Jun 2013 Vice-Minister for Foreign Affairs (Political Affairs) Jun 2016 Vice-Minister for Foreign Affairs Jan 2018 Ambassador Extraordinary and Plenipotentiary to the United States of America Feb 2021 Advisor, Ministry of Foreign Affairs of Japan Jun 2022 Director, Kikkoman Corporation (current)
1953-05-14
Hiroko KUNIYA
Director
Jul 1987 New York-based Anchor, "World News," NHK BS1 Apr 1989 Anchor, "World News," NHK BS1 Apr 1993 Anchor, "Close Up Gendai," NHK General TV Apr 2016 Trustee, Tokyo University of the Arts (current) Jun 2025 Director, Kikkoman Corporation (current)
1957-02-03
Haruhiko FUKASAWA
Full-time Audit & Supervisory Board Member
Apr 1985 Joined Kikkoman Corporation Jul 2015 General Manager, Overseas Management Department Jun 2021 Full-time Audit & Supervisory Board Member (current)
1962-08-06
Hiroko MIYAZAKI
Audit & Supervisory Board Member
Apr 1979 Registered as attorney (Dai-Ichi Tokyo Bar Association); joined Nagashima Ohno & Tsunematsu Aug 1984 Counsel, Legal Department, World Bank (International Bank for Reconstruction and Development) Jan 1988 Partner, Nagashima Ohno & Tsunematsu Jan 2018 Justice, Supreme Court of Japan Jul 2021 Re-registered as attorney (Dai-Ichi Tokyo Bar Association) Sep 2021 Counsel, Nagashima Ohno & Tsunematsu (current) Jan 2022 International Judge, Singapore International Commercial Court (current) Jun 2025 Audit & Supervisory Board Member, Kikkoman Corporation (current)
1951-07-09
Takashi NAGATA
Audit & Supervisory Board Member
Mar 1990 Registered as Certified Public Accountant Jul 1995 Joined Deloitte Tohmatsu LLC Nov 2013 Deputy Head of Comprehensive Management, Deloitte Tohmatsu LLC Nov 2015 Chair of the Board, Deloitte Tohmatsu LLC Nov 2015 Chair of the Board, Deloitte Tohmatsu Group Nov 2015 Member, Board of Directors, Deloitte Global Jun 2018 Chief Executive Officer (CEO), Deloitte Tohmatsu Group Jun 2018 Member, Executive Committee, Deloitte Global Jun 2022 Senior Partner, Deloitte Tohmatsu Group Jun 2026 Audit & Supervisory Board Member, Kikkoman Corporation
1958-02-28
Large Shareholding Reports
Amova Asset Management Co., Ltd.
2025-09-19
3.44%→3.85%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-05
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-05
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-01
中期経営計画
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-04-28
中期経営計画
TDnet
2025-02-05
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-05
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-06-26
Amended Securities Registration Statement
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-06-25
Amended Securities Registration Statement
EDINET
2024-04-26
Securities Registration Statement
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-21
Annual Securities Report
EDINETAmended
2022-05-31
Amended Annual Securities Report
EDINETAmended
2022-05-31
Amended Quarterly Securities Report
EDINETAmended
2022-05-31
Amended Quarterly Securities Report
EDINETAmended
2022-05-31
Amended Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
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