To Our Shareholders and Investors - IR Library

Major Consolidated Index

Consolidated Results

Unit : millions of yen

  2010.3
Actual
2011.3
Actual
2012.3
Actual
2013.3
Actual
2014.3
Forecast
Net Sales 285,721 283,463 283,239 300,200 327,000
Operating Income 21,115 19,208 17,764 19,817 22,500
Ordinary Income 19,136 16,751 15,242 18,709 20,500
Net Income 8,602 7,770 8,983 11,012 12,500
Net Sales YoY Change (%) (30.8) (0.8) (0.1) 6.0 8.9
Operating Income YoY Change (%) 3.7 (9.0) (7.5) 11.6 13.5
Ordinary Income YoY Change (%) 6.5 (12.5) (9.0) 22.7 9.6
Net Income YoY Change (%) 213.2 (9.7) 15.6 22.6 13.5
Operating Income Ratio to Net Sales (%) 7.4 6.8 6.3 6.6 6.9
Ordinary Income Ratio to Net Sales (%) 6.7 5.9 5.4 6.2 6.3
Net Income Ratio to Net Sales (%) 3.0 2.7 3.2 3.7 3.8

* Net sales do not include consumption and other taxes.

Financial Position

Unit : millions of yen

  2010.3
Actual
2011.3
Actual
2012.3
Actual
2013.3
Actual
2014.3
Forecast
Total Net Assets 167,086 162,600 167,352 187,856 -
Shareholders' Equity 165,277 160,730 165,762 186,565 -
Total Assets 311,175 298,867 331,371 337,639 -
Shareholders' Equity Ratio (%) 53.1 53.8 50.0 55.3 -
D/E Ratio (%) 55.6 52.6 71.8 52.3 -
Dividend on Equity (%) 1.9 1.9 1.9 2.3 -
ROE (%) 5.3 4.8 5.5 6.3 -
Ordinary Income to Total Assets (%) 6.2 5.5 4.8 5.6 -

* Shareholders' equity is computed by subtracting stock acquisition rights and minority interests from net assets.

* D/E ratio = (Loans + Bonds) / Shareholders' equity

Cash Flows

Unit : millions of yen

  2010.3
Actual
2011.3
Actual
2012.3
Actual
2013.3
Actual
2014.3
Forecast
Cash Flows From Operating Activities 18,003 24,534 16,384 24,738 -
Cash Flows From Investing Activities (11,959) (7,802) (24,632) (15,698) -
Cash Flows From Financing Activities (8,522) (11,493) 25,797 (29,331) -
Term-end Cash and Cash Equivalents 25,008 28,855 45,867 27,754 -
Free Cash Flows 3,383 13,109 (615) 12,237 -

* Free cash flows = Cash flows from operating activities - Purchase of property, plant, equipment and intangible assets + Proceeds from sales of property, plant, equipment

Per Share Value Indicators

Unit : yen

  2010.3
Actual
2011.3
Actual
2012.3
Actual
2013.3
Actual
2014.3
Forecast
Shareholders' Equity per Share 800.79 783.58 808.40 933.68 -
Net Income per Share 41.65 37.74 43.80 54.87 62.58
Diluted Net Income per Share - - - - -
Cash Dividends per Share 15 15 15 20 18
Dividend Payout Ratio(Consolidated) (%) 36.0 39.7 34.2 36.4 28.8
Free Cash Flows per Share 16.38 63.67 (3.00) 60.97 -
Share Price as of Term-end 1,094 784 957 1,657 -
PER (Times) 26.3 20.8 21.8 30.2 -


Other Information

Unit : millions of yen

  2010.3
Actual
2011.3
Actual
2012.3
Actual
2013.3
Actual
2014.3
Forecast
Interest-bearing Debt 97,081 89,832 119,039 97,605 -
Capital Expenditures 15,623 14,489 18,014 14,199 17,200
(For Property, Plant and Equipment) 14,767 13,497 16,675 13,374 15,500
Depreciation and Amortization 12,036 12,092 12,607 12,161 12,500
(On Property, Plant and Equipment) 10,747 11,527 11,997 11,399 11,700
R&D Costs 3,771 3,530 3,567 3,727 -
Net Financial Income (Loss) (805) (633) (783) (640) -
Average Term Exchange Rate (yen/US$) 93.04 85.82 79.30 83.23 90.00
No. of Employees (people) 5,263 5,268 5,316 5,473 -
No.of Shares Issued and Outstanding at Term-end (Thousand) 206,393 205,123 205,051 199,732 -

* Interest-bearing debt refers to all liabilities on the consolidated balance sheet on which interest is paid.

* Net financial income = Interest and dividend income Interest expense

* No. of shares issued and outstanding at term-end is computed by subtracting shareholders' equity.

* Depreciation and Amortization do not include the amortization of goodwill.

Notes

On October 1, 2009, Kikkoman Corporation shifted to a holding company structure.
In conjunction with this transition, the Company has modified the business segments.
The figures of "2010.3 Actual" in these tables have been recalculated on the assumption that the Company shifted to a holding company structure starting in April 2009 rather than the actual shift date of October 2009 , and therefore differ from the figures presented in the Flash Report and Annual Report.

Forecasts are based on information available to management at the time of announcement.
Due to a number of inherent uncertainties in forecasts, actual results may differ materially from forecasts.


As for the data before 2009.3 actual, you can see our factbook  " Financial Data ".