Kikkoman Corp. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2013; Provides Dividend Guidance for the Full Year Ending March 31, 2014; Provides Earnings Guidance for the Six Months Ending September 30, 2013 and Year Ending March 31, 2014
August 01, 2013
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Kikkoman Corp. reported consolidated earnings results for the first quarter ended June 30, 2013. For the quarter, the company reported net sales of JPY 83,979 million compared to JPY 73,786 million for the same period a year ago. Operating income was JPY 6,497 million compared to JPY 5,062 million a year ago. Ordinary income was JPY 5,508 million compared to JPY 4,487 million a year ago. Net income was JPY 4,023 million compared to JPY 2,434 million a year ago. Net income per share was JPY 20.13 compared to JPY 12.00 a year ago.
The company provided dividend guidance for the full year ending March 31, 2014. The company expects year-end dividend of JPY 18.00 per share against JPY 20.00 per share last year. Total dividend will be JPY 18.00 per share against JPY 20.00 per share last year.
The company provided earnings guidance for the six months ending September 30, 2013 and year ending March 31, 2014. For the year ending, the company expects net sales of JPY 327,000 million, Operating income of JPY 22,500 million, Ordinary income of JPY 20,500 million, Net income of JPY 12,500 million and net income per share of JPY 62.53.
For the six months ending, the company expects net sales of JPY 163,250 million, Operating income of JPY 11,650 million, Ordinary income of JPY 10,100 million, Net income of JPY 6,100 million and net income per share of JPY 30.52.
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 Corp. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2013; Provides Dividend Guidance for the Full Year Ending March 31, 2014; Provides Earnings Guidance for the Six Months Ending September 30, 2013 and Year Ending March 31, 2014
KIKKOMAN CORPORATION 
