Kikkoman Corp

2801: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Kikkoman Earnings: Overseas Wholesale Segment Supported Profit Growth; Retain JPY 1,560 Fair Value

Jacky Tsang

Feb 9, 2026

Kikkoman reported fiscal third-quarter results (ending December 2025) with revenue and operating profit increasing 7.9% and 6.7% year on year, respectively. Overseas, the wholesale business' revenue growth accelerated in the quarter due to price adjustments and product mix shift.

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Kikkoman Corp

Kikkoman Earnings: Overseas Wholesale Segment Supported Profit Growth; Retain JPY 1,560 Fair Value

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