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KIKKOMAN CORPORATION shares remain firm after announcing product price revisions
Shares of KIKKOMAN CORPORATION <2801> held firm on Tuesday, drawing buyer interest after the company announced product price hikes on Monday, June 1, fueling expectations of a positive impact on earnings. Under the revision, suggested retail prices for 153 soy sauce items?including dashi and powdered variants?will increase by 5% to 9%. The company cited escalating logistics and labor overheads that can no longer be absorbed through internal cost-reduction efforts alone. The price adjustments will take effect for shipments starting September 1.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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