Kikkoman Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2020
February 03, 2021 at 09:30 pm
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Kikkoman Corporation reported consolidated earnings results for the nine months ended December 31, 2020. For the period, the company reported net sales of ¥348,263 million against ¥355,496 million a year ago. Operating profit was ¥33,804 million against ¥32,612 million a year ago. Earnings per share was ¥122.95 against ¥121.93 a year ago. Profit was ¥23,980 million against ¥23,764 million a year ago.
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.