Kikkoman stock gets a JPY 1,900.00 target as US expansion advances

Published on 09/28/2026 at 10:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kikkoman stock posted JPY 200.57 billion in fiscal 2027 first-quarter revenue, up 15.00 percent year over year. Operating income reached JPY 25.07 billion.

Kikkoman, JP3240400006, Illustration mit AI erstellt.

Kikkoman stock closed at JPY 1,655.00 on the Tokyo Stock Exchange on September 18, 2026, while Morgan Stanley lifted its target to JPY 1,900.00. The latest operating figures and a new Wisconsin production project give investors two distinct measures of the company's growth story.

Target rises to JPY 1,900.00

According to Monex, the US securities firm kept an Overweight rating on September 8, 2026, and raised its price target from JPY 1,800.00 to JPY 1,900.00. The new target stands 14.80 percent above the September 18 reference price, a gap that puts execution alongside valuation at the center of the discussion.

The target move also matched the consensus snapshot cited by Monex. Nine analysts had a target consensus of JPY 1,900.00 and an average rating of 4.33 on September 7, 2026.

First-quarter profit grows faster

Kikkoman's fiscal 2027 first-quarter revenue reached JPY 200.57 billion, while operating income came to JPY 25.07 billion and net income to JPY 18.88 billion. The figures cover the quarter ended June 30, 2026, and were included in the company's fiscal 2027 first-quarter materials dated August 5, 2026, listed on Kikkoman.

Note reported that first-quarter revenue increased 15.00 percent year over year and operating profit rose 29.00 percent. That spread matters: earnings growth exceeded sales growth, indicating that the quarter delivered operating leverage rather than relying only on higher volume.

US capacity adds a test

As Yahoo Finance reported on September 25, 2026, Kikkoman committed USD 560.00 million to a production facility in Jefferson, Wisconsin, its third US plant. The article also cited a JPY 1,662.00 share price and a 17.41 percent year-to-date return, showing how the market has rewarded the expansion narrative while still reassessing near-term execution.

The investment links Kikkoman's earnings momentum to North American demand for soy sauce and seasonings. Construction costs, capacity utilization and the timing of the additional sales will determine whether the JPY 1,900.00 target is supported by operating results.

Stock stays at JPY 1,655.00

Kikkoman's reference price was JPY 1,655.00 on the Tokyo Stock Exchange on September 18, 2026. The stock combines a 15.00 percent first-quarter revenue increase with a 14.80 percent target premium, leaving quarterly execution and overseas capacity as the key measurable checkpoints.