Kikkoman Corporation Provides Earnings Guidance for the Six Months Ending September 30, 2022 Full Fiscal Year Ending March 31, 2023
August 04, 2022 at 02:00 am
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Kikkoman Corporation provided earnings guidance for the Six months ending September 30, 2022 and full fiscal year ending March 31, 2022. For the quarter company expects revenue of JPY 293,600 million, business profit of JPY 29,900 million, operating profit of JPY 28,900 million, profit for the year attributable to owners of the parent of JPY 22,300 million and basic earnings per share of JPY 116.43.
For the full year, company expects revenue of JPY 596,700 million, business profit of JPY 55,100 million, operating profit of JPY 52,800 million, profit for the year attributable to owners of the parent of JPY 40,700 million and basic earnings per share of JPY 212.49.
Kikkoman Corporation is a holding company organized around 4 areas of activity:
- wholesale distribution of food products (50.7% of net sales): activity ensured internationally;
- sale of food products in Japan (28.2%): ketchup, soya sauce, soya milk, tomato juice, wines, seasonings, etc. (brand Del Monte);
- sale of food products internationally (19.5%): tinned fruits, ketchup, soya sauce, tinned maize, dietetic products, etc. (brand Del Monte);
- other (1.6%): manufacturing of clinical diagnosis reagents, enzymes and chemical products, real estate leasing, logistic services, etc.
70.2% of sales are abroad.