Kikkoman upgraded its consolidated full-year earnings forecast for the fiscal year ending March 2027. Overseas sales of soy sauce and food products are strong and a weaker yen is providing a tailwind, while the company expects higher costs due to turmoil in the Middle East and increased fixed costs associated with operating its U.S. plants, and has incorporated the benefits of higher revenue in Japan and overseas.
Against a backdrop of strong overseas sales of soy sauce and food products, Kikkoman upgraded its full-year forecasts for revenue and operating profit.
The company also incorporated the weaker yen as a tailwind and raised its full-year outlook by factoring in the benefits of higher revenue in Japan and overseas.
At the same time, higher costs resulting from turmoil in the Middle East and increased fixed costs associated with operating its U.S. plants are expected.