(1) Long-Term Growth Overseas | Soy Sauce Business
Events celebrating the 50th anniversary of
the US soy sauce plant (KIKKOMAN FOODS, INC.)
Anniversary Ceremony and Gala Dinner
US-JapanFood Distribution Symposium
Wisconsin-US-JapanEconomic Development Conference
Support for communities (donations)
A reception for employees,
former employees' visits to the plant
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(1) Long-Term Growth Overseas | Foods-Wholesale Business
100
*
230
FY2014.3-2023.3
CAGR 9.7%
FY14.3
FY15.3
FY16.3
FY17.3
FY18.3
FY19.3
FY20.3
FY21.3
FY22.3
FY23.3
JGAAP
Sales (Amount) of Foods-Wholesale Business
IFRS
Figures in the table above represent actual change on a local currency basis, excluding the translation difference, indexed to consolidated sales in FY14.3 as 100.
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(2) Improving Profitability in Japan
Pricing policy
High value-added products
Strengthening value appeal
Improving productivity
Enhancing production systems
A new seasonings plant (Food Products Division) will start to operate in 2024 (Noda, Chiba).
Reorganizing the plants of Nippon Del Monte Corporation by 2025 (timely disclosure on October 25)
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(3) Increasing shareholder returns
Raising the target consolidated payout ratio to 35%
Plan to raise the target payout ratio from dividends for the fiscal year ending March 2024.
A smaller investment unit (a 5-for-1 stock split)
Effective date: April 1, 2024
For expanding the investor base
Flexible purchase of treasury stock
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Performance in the Six Months Ended
September 30, 2023
and Forecast for Fiscal 2024
Takao Kamiyama
Director, Executive Corporate Officer and CFO
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Disclaimer
Kikkoman Corporation published this content on 02 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2023 04:00:45 UTC.
Kikkoman Corporation is a holding company organized around 4 areas of activity:
- wholesale distribution of food products (50.7% of net sales): activity ensured internationally;
- sale of food products in Japan (28.2%): ketchup, soya sauce, soya milk, tomato juice, wines, seasonings, etc. (brand Del Monte);
- sale of food products internationally (19.5%): tinned fruits, ketchup, soya sauce, tinned maize, dietetic products, etc. (brand Del Monte);
- other (1.6%): manufacturing of clinical diagnosis reagents, enzymes and chemical products, real estate leasing, logistic services, etc.
70.2% of sales are abroad.
KIKKOMAN CORPORATION 
