Kikkoman Corp

2801: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Kikkoman Earnings: US Demand Supports Wisconsin Ramp-Up, Fair Value Estimate Increased

Jonathan Pong

Nov 10, 2026

Kikkoman's second-quarter fiscal 2026 revenue rose 11.2%, supported by overseas growth and favorable foreign exchange rates. Operating margin improved to 12.5% from 11.9%, largely due to one-off tariff refunds in the US.

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Kikkoman Corp

Kikkoman Earnings: US Demand Supports Wisconsin Ramp-Up, Fair Value Estimate Increased

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