Kikkoman Corporation TSE:2801

Kikkoman : Business Performance Presentation for the Six-Month Period Ended September 30, 2023

Published

Source: MarketScreener

Business Performance Presentation

for Fiscal 2024 2Q

Six-Month Period Ended September 30, 2023

Kikkoman Corporation

November 2, 2023

1

Today's Agenda

Management Approach

Shozaburo Nakano, President and CEO

Performance in the Six Months Ended September 30, 2023

and Forecast for Fiscal 2024

Takao Kamiyama, Director, Executive Corporate Officer and CFO

2

Management Approach

Shozaburo Nakano President and CEO

3

(1) Long-Term Growth Overseas | Soy Sauce Business

COVID-19 pandemic 2,893

California plant begins

Global Financial Crisis

shipments 1998

Netherlands plant begins shipments 1997

Singapore plant

Wisconsin plant begins shipments 1984 begins shipments 1973

100*

FY1974-2023.3 CAGR 7.3%

FY1974

FY1976

FY1978

FY1980

FY1982

FY1984

FY1986

FY1988

FY1990

FY1992

FY1994

FY1996

FY1998

FY2000

FY2003.3

FY2005.3

FY2007.3

FY2009.3

FY2011.3

FY2013.3

FY2015.3

FY2017.3

FY2019.3

FY2021.3

FY2023.3

Kikkoman Soy Sauce Sales Volume Overseas

* Indexed to sales volume in 1974 as 100.

4

(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

5

(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.

6

(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)

7

(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

8

Performance in the Six Months Ended

September 30, 2023

and Forecast for Fiscal 2024

Takao Kamiyama

Director, Executive Corporate Officer and CFO

10