Kikkoman Corp ADR KIKOY
Morningstar’s Analysis
1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
There is no one analyst in which a Quantitative Star Rating and Fair Value Estimate is attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., is responsible for overseeing the methodology that supports the quantitative fair value. As an employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics and Personal Securities Trading Policy in carrying out his responsibilities. For information regarding Conflicts of Interests, click here .
Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.
Company Profile
Kikkoman is the largest soy sauce manufacturer in Japan, with extensive geographic reach. Its soy sauce, manufactured using the traditional Japanese natural brewing process, claims more than half of the market in the U.S. and a third in Japan. Other products include Japanese condiments, soy milk, beverages, and processed foods marketed under the Del Monte brand in Japan/Asia and Oceania. Wholesale of Oriental foods globally is a second pillar of overseas growth. The overseas business contributes more than 60% of group sales and more than two thirds of profits. It is looking to accelerate sales of soy sauce in South America in 2020s.