Kikkoman Corp

2801: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Kikkoman Earnings: Decent Sales Growth in Key Markets but Costs Pressure Mounts; Retain Fair Value

Jacky Tsang

Apr 28, 2026

Kikkoman's fiscal 2026 revenue and operating profit increased by 5% and 3% year-on-year, respectively. Japan and overseas markets drove top-line growth. However, the margin for the overseas wholesale business declined due to the impact of tariffs in the first half of the fiscal year.

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Kikkoman Corp

Kikkoman Earnings: Decent Sales Growth in Key Markets but Costs Pressure Mounts; Retain Fair Value

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