Kikkoman reported consolidated net income of ¥38.2 billion for the first half, up 22.1% year on year, while third-quarter net income also rose 20.0% year on year to ¥19.2 billion. The company expects second-half net income for the current fiscal year to decline to approximately ¥23 billion.
According to Kikkoman's earnings summary, consolidated net income for the first half (April-September) was ¥38.2 billion, up 22.1% year on year. Progress against the full-year plan was 62.4%, exceeding the five-year average of 53.3%. The company estimates that second-half consolidated net income will decline to approximately ¥23 billion.
Consolidated net income for the latest three-month period, July-September, was ¥19.2 billion, up 20.0% year on year, while the operating margin on sales improved from 11.2% to 12.1%.
Key figures for the company's cumulative second-quarter results were sales of ¥405,491 million, operating profit of ¥49,178 million, ordinary profit of ¥52,159 million and net income of ¥38,251 million. These figures were disclosed under IFRS and each increased year on year.
The new forecast for the current fiscal year puts net income at ¥61,300 million and revised earnings per share at ¥66.2, with some figures revised from the previous forecast. The fiscal year is assumed to end in March 2027.