The Kikkoman Corporation (TSE:2801) Annual Results Are Out And Analysts Have Published New Forecasts

There's been a notable change in appetite for Kikkoman Corporation (TSE:2801) shares in the week since its yearly report, with the stock down 11% to JP¥1,396. It was a credible result overall, with revenues of JP¥709b and statutory earnings per share of JP¥64.99 both in line with analyst estimates, showing that Kikkoman is executing in line with 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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Following the latest results, Kikkoman's eleven analysts are now forecasting revenues of JP¥731.4b in 2026. This would be a satisfactory 3.2% improvement in revenue compared to the last 12 months. Statutory per-share earnings are expected to be JP¥64.96, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of JP¥730.7b and earnings per share (EPS) of JP¥66.16 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

View our latest analysis for Kikkoman

There were no changes to revenue or earnings estimates or the price target of JP¥1,635, suggesting that the company has met expectations in its recent result. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Kikkoman, with the most bullish analyst valuing it at JP¥2,000 and the most bearish at JP¥1,300 per share. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

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 3.2% annualised growth rate until the end of 2026 being well below the historical 11% p.a. growth over the last five years. Compare this to the 124 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 3.7% per year. So it's pretty clear that, while Kikkoman's revenue growth is expected to slow, it's expected to grow roughly in line with the 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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at JP¥1,635, with the latest estimates not enough to have an impact on their price targets.

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 2028, and you can see them free on our platform here.

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.

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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.