Kikkoman Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Kikkoman Corporation (TSE:2801) just released its quarterly report and things are looking bullish. The company beat forecasts, with revenue of JP¥178b, some 4.0% above estimates, and statutory earnings per share (EPS) coming in at JP¥18.97, 29% ahead of expectations. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Kikkoman after the latest results.

Check out our latest analysis for Kikkoman

Taking into account the latest results, the consensus forecast from Kikkoman's eleven analysts is for revenues of JP¥705.0b in 2025. This reflects a satisfactory 3.6% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to shrink 5.3% to JP¥63.54 in the same period. In the lead-up to this report, the analysts had been modelling revenues of JP¥706.6b and earnings per share (EPS) of JP¥63.58 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

The analysts reconfirmed their price target of JP¥2,010, showing that the business is executing well and in line with expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Kikkoman at JP¥2,450 per share, while the most bearish prices it at JP¥1,540. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Kikkoman shareholders.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Kikkoman's revenue growth is expected to slow, with the forecast 4.8% annualised growth rate until the end of 2025 being well below the historical 9.4% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 3.5% annually. Even after the forecast slowdown in growth, it seems obvious that Kikkoman is also expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Kikkoman going out to 2027, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 1 warning sign for Kikkoman you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.