Kikkoman Corp., a leading soy-sauce manufacturer, has commenced the construction of a new factory in the US, marking its third facility in the country. The plant, located in Jefferson, Wisconsin, will focus on producing soy sauce and related seasonings, including teriyaki sauce. The inaugural shipments are slated for the third quarter of 2026. This new venture underscores Kikkoman’s commitment to expanding its presence in North America, with plans for further growth initiatives at its existing site in Walworth.
This significant investment of over $500 million in the 240,000-square-foot facility underscores Kikkoman’s dedication to meeting the growing demand for its soy-sauce products in North America. The company’s thriving business in the region is evident, with North America being its largest market outside Japan. In addition to its US operations, Kikkoman also operates factories in China, Taiwan, Singapore, Brazil, and the Netherlands.
In the past fiscal year, Kikkoman reported a 6.8% rise in revenue to Y660.84 billion ($4.21 billion), with notable increases in both its overseas foods manufacturing and sales division and overseas foods wholesale segments. The North American market saw a revenue increase of 5.2% to Y356.1 billion, with a 28.1% rise in business profit to Y49.4 billion. The company’s overall operating profit climbed by 20.5% to Y66.73 billion, while net profit grew by 29.1% to Y56.44 billion.
Looking ahead to the fiscal year ending March 2025, Kikkoman projects a 3.7% revenue increase, a 6.1% rise in operating profit, and a 2.1% growth in net profit. Despite a predicted 2% revenue uptick in its North American operations, a slight decline in business profit is anticipated.
