ScoreWhy is Kikkoman Corp. ?
1
High Management Efficiency with a high ROE of 11.21%
2
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 23.39
3
Healthy long term growth as Net Sales has grown by an annual rate of 9.35% and Operating profit at 14.02%
4
Negative results in Dec 25
- OPERATING CASH FLOW(Y) Lowest at JPY 0 MM
- ROCE(HY) Lowest at 11.09%
- DEBT-EQUITY RATIO (HY) Highest at -5.16 %
5
With ROE of 10.98%, it has a expensive valuation with a 2.45 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -0.93%, its profits have fallen by -4.4%
6
Majority shareholders : Non Institution
7
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -0.93% returns in the last 1 year, the stock has also underperformed Japan Nikkei 225 in each of the last 3 annual periods
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Kikkoman Corp. should be less than 10%
- Overall Portfolio exposure to FMCG should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in FMCG)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Kikkoman Corp. for you?
Low Risk, High Return
Absolute
Risk Adjusted
Volatility
Kikkoman Corp.
-0.93%
97.49
27.85%
Japan Nikkei 225
69.82%
2.78
25.51%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
9.35%
EBIT Growth (5y)
14.02%
EBIT to Interest (avg)
23.39
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.16
Sales to Capital Employed (avg)
1.30
Tax Ratio
25.89%
Dividend Payout Ratio
38.47%
Pledged Shares
0
Institutional Holding
0.00%
ROCE (avg)
17.41%
ROE (avg)
11.21%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
22
Industry P/E
Price to Book Value
2.45
EV to EBIT
16.50
EV to EBITDA
12.27
EV to Capital Employed
2.64
EV to Sales
1.76
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
15.97%
ROE (Latest)
10.98%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bullish
RSI
No Signal
Bearish
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
Mildly Bearish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend6What is working for the Company
RAW MATERIAL COST(Y)
Fallen by 0.21% (YoY
NET SALES(Q)
Highest at JPY 194,199 MM
OPERATING PROFIT(Q)
Highest at JPY 28,569 MM
PRE-TAX PROFIT(Q)
Highest at JPY 24,141 MM
NET PROFIT(Q)
Highest at JPY 17,773 MM
EPS(Q)
Highest at JPY 19.11
-17What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at JPY 0 MM
ROCE(HY)
Lowest at 11.09%
DEBT-EQUITY RATIO
(HY)
Highest at -5.16 %
INTEREST COVERAGE RATIO(Q)
Lowest at 1,234.62
DEBTORS TURNOVER RATIO(HY)
Lowest at 7.66 times
INTEREST(Q)
Highest at JPY 2,314 MM
Here's what is working for Kikkoman Corp.
Net Sales
Highest at JPY 194,199 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Operating Profit
Highest at JPY 28,569 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Pre-Tax Profit
Highest at JPY 24,141 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Net Profit
Highest at JPY 17,773 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
EPS
Highest at JPY 19.11
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (JPY)
Raw Material Cost
Fallen by 0.21% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Kikkoman Corp.
Operating Cash Flow
Lowest at JPY 0 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (JPY MM)
Interest
At JPY 2,314 MM has Grown at inf%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Interest Coverage Ratio
Lowest at 1,234.62
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Debt-Equity Ratio
Highest at -5.16 % and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Interest
Highest at JPY 2,314 MM
in the last five periods and Increased by inf% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debtors Turnover Ratio
Lowest at 7.66 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
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