Kikkoman Corporation Reports First Quarter Earnings

Kikkoman Corporation has reported a decline in net earnings for the first quarter of the fiscal year. The company’s net profit for the period was JPY 15.293 billion, a decrease from JPY 18.046 billion in the same period last year.

Revenue Decline

The company’s revenue for the first quarter also decreased to JPY 175.660 billion, down from JPY 178.218 billion in the previous year.

Annual Guidance Confirmed

Despite the decline in earnings, Kikkoman has confirmed its annual guidance. The company expects a net profit of JPY 59.600 billion and revenue of JPY 744.500 billion for the full year.

Market Impact

The company’s stock price has been affected by the decline in earnings. However, the overall market trend has been influenced by global trade concerns and the impact of US President Donald Trump’s comments on tariffs.

Market Performance

The Japanese stock market, where Kikkoman is listed, has been slightly higher on Wednesday. The Nikkei 225 index moved above the 40,550 level.

Key Statistics

• Net profit for the first quarter: JPY 15.293 billion
• Revenue for the first quarter: JPY 175.660 billion
• Annual guidance:
  • Net profit: JPY 59.600 billion
  • Revenue: JPY 744.500 billion