JPMorgan keeps JPY 5,800 target for Kewpie stock

Published on 10/07/2026 at 00:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 3.90 percent to JPY 261.65 billion in fiscal 2026. Kewpie stock stood at EUR 24.10 on October 5, 2026, its prior close.

Kewpie, JP3244800003, Illustration mit AI erstellt.

Kewpie Corporation stock (ISIN JP3244800003) is covered by JPMorgan with a Buy rating and a JPY 5,800 price target, maintained on September 2, 2026. The target is the clearest current valuation reference as the company prepares to report its third-quarter fiscal 2026 results on October 8, 2026.

Operating profit clears half-year plan

According to Smart Stock Notes on September 27, 2026, Kewpie reported first-half fiscal 2026 revenue of JPY 261.65 billion, up 3.90 percent from the prior-year period. Operating profit rose 23.90 percent to JPY 20.02 billion, lifting the operating margin to 7.70 percent from 6.40 percent.

The domestic retail and food-service businesses drove the improvement. Retail operating profit increased 46.00 percent to JPY 8.37 billion, while food-service operating profit rose 55.50 percent to JPY 6.88 billion as price revisions, higher-value products and supply-chain efficiency supported profitability.

Net income shows the counter-factor

The bottom line moved in the opposite direction. First-half net income attributable to owners fell 29.70 percent to JPY 13.21 billion because the prior-year period included a large gain from asset sales, making the comparison less favorable than the operating result.

Overseas revenue grew 8.50 percent, but overseas operating profit fell 12.70 percent to JPY 6.89 billion. New-factory depreciation and weaker temporary export demand in the Americas offset growth in Asia Pacific, leaving overseas execution as the main counter-factor for the next report.

October 8 results set the next test

Kewpie lists October 8, 2026 as the fiscal 2026 third-quarter results date. Its full-year plan calls for revenue of JPY 530.00 billion and operating profit of JPY 38.00 billion, with first-half progress at 49.40 percent and 52.70 percent respectively.

That split matters for the JPMorgan valuation view: domestic margins are improving, but the company still needs overseas profit recovery and stronger conversion of operating gains into net income. The next report can show whether new capacity is beginning to outweigh its depreciation burden.

Prior close and market setting

The Lang & Schwarz data set dated October 6, 2026 shows a prior close of EUR 24.10 from October 5, 2026. On the Tokyo Stock Exchange Prime market, Kewpie closed at JPY 4,300 on October 6, 2026, with a 52-week range of JPY 3,880 to JPY 4,929 and market capitalization of JPY 586.3 billion.

The company is a packaged-foods producer best known for mayonnaise, dressings and egg-based products. The continuously updated real-time quote of Kewpie stock.