Kikkoman Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Six Months and Full Year Ending March 31., 2020; Provides Dividend Guidance for the Six Months and Year Ended for the Fiscal Year Ending March 31, 2020
August 02, 2019 at 02:30 am EDT
Share
Kikkoman Corporation reported consolidated earnings results for the first quarter ended June 30, 2019. For the period, the company reported net sales of ¥115,642 million against ¥111,774 million a year ago. Operating profit was ¥10,553 million against ¥10,100 million a year ago. Profit attributable to owners of parent was ¥7,975 million or ¥41.54 per share against ¥7,102 million or ¥37.00 per share a year ago. Profit was ¥8,108 million against ¥7,234 million a year ago
For the six months ending September 30, 2019 the company expects net sales of ¥235,100 million, operating profit of ¥20,900 million, profit attributable to owners of parent of ¥14,400 million and earnings per share of ¥75.01.
For the year ending March 31, 2020, the company expects net sales of ¥473,500 million, operating profit of ¥39,700 million, profit attributable to owners of parent of ¥26,900 million and earnings per share of ¥140.12.
The company provided dividend guidance for the six months and year ended for the fiscal year ending March 31, 2020. For the six-month period ending September 30, 2019, the company expects to pay dividend of ¥21 per share compared to ¥20 per share paid a year ago.
For the year end, the company expects to pay dividend of ¥21 per share compared to ¥21 per share paid a year ago.
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 Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Six Months and Full Year Ending March 31., 2020; Provides Dividend Guidance for the Six Months and Year Ended for the Fiscal Year Ending March 31, 2020
KIKKOMAN CORPORATION 
