KIKKOMAN, Apr-Dec (Cumulative 3Q) Net Income Increases by 13%

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Wed Feb 5, 2025 3:30 pm JST Earnings

2801 KIKKOMAN CORPORATION 【IFRS】

Earnings Report

KIKKOMAN CORPORATION <2801> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 5th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 12.8% from the same period last year, reaching 51.3 billion yen. The progress rate toward the full-year plan of 61.5 billion yen was 83.5%, almost the same as the four-year average of 83.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to decrease 6.9% from the same period last year to 10.1 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income amounted to 16.5 billion yen, a 0.8% decrease compared to the same period last year. The operating profit margin decreased from 11.5% in the same period last year to 11.4%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	466,363	46,322	50,640	36,375	38.0	83.3	Feb 3, 2023	IFRS
Apr - Dec, 2023	494,875	53,345	60,654	45,521	47.7	80.2	Feb 5, 2024	IFRS
Apr - Dec, 2024	535,515	62,480	70,059	51,329	54.0	83.3	Feb 5, 2025	IFRS
YoY	+8.2%	+17.1%	+15.5%	+12.8%	+13.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	338,102	33,249	37,751	27,632	29.0	14	Apr 26, 2024	IFRS
Oct - Mar, 2024 Guidance	340,131	32,603	36,756	26,745	28.4	11	Nov 6, 2024	IFRS
YoY	+0.6%	-1.9%	-2.6%	-3.2%	-2.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	618,899	55,370	60,797	43,733	45.7	15.60	Apr 27, 2023	IFRS
Mar, 2024	660,835	66,733	75,605	56,441	59.2	20.80	Apr 26, 2024	IFRS
Mar, 2025 Guidance	695,700	74,600	84,100	61,500	65.3	21	Nov 6, 2024	IFRS
YoY	+5.3%	+11.8%	+11.2%	+9.0%	+10.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	172,142	19,861	22,800	16,712	17.5	11.5	Feb 5, 2024	IFRS
Jan - Mar, 2024	165,960	13,388	14,951	10,920	11.5	8.1	Apr 26, 2024	IFRS
Apr - Jun, 2024	178,218	21,474	24,675	18,046	19.0	12.0	Aug 5, 2024	IFRS
Jul - Sep, 2024	177,351	20,523	22,669	16,709	17.6	11.6	Nov 6, 2024	IFRS
Oct - Dec, 2024	179,946	20,483	22,715	16,574	17.4	11.4	Feb 5, 2025	IFRS
YoY	+4.5%	+3.1%	-0.4%	-0.8%	-0.5%