Kikkoman revises FY2026 forecast on yen impact, cuts revenue outlook

Kikkoman Corporation announced a revision to its full-year consolidated earnings forecast for the fiscal year ending March 31, 2026, on November 7, 2025. The revised forecast incorporates consolidated business results for the first half of the fiscal year and a stronger yen, with the first-half exchange rate at yen146.57/USD compared to the previously forecasted yen145.0/USD.

The updated forecast projects revenue of yen731,000 million (down from yen744,500 million), business profit of yen78,000 million (up from yen77,600 million), and profit attributable to owners of the parent of yen60,000 million (up from yen59,600 million). Operating profit remains unchanged at yen75,000 million, while profit before income taxes remains at yen81,800 million. Basic earnings per share are now estimated at yen64.04, an increase from yen63.36.

The company's H1 FY2026 consolidated financial results showed a 0.9% year-on-year increase in revenue to yen358,610 million, a 3.2% decrease in business profit to yen41,236 million, and a 9.9% decrease in profit attributable to owners of the parent to yen31,315 million. These figures reflect solid sales growth in both Japan and overseas, despite some impacts from foreign currency translation.