Two other former executives, as well as the company itself, filed a guilty plea in Tokyo District Court.
They face as much as 10 years in jail.
The three admitted to hiding losses dating back to the 1990's, which were brought to light by a former chief executive, Michael Woodford.
Mr Kikukawa said he regrets not revealing the accounting irregularities earlier.
"There is no mistake. The entire responsibility lies with me," Mr Kikukawa said in court on Tuesday.
The scandal was revealed when Mr Woodford, the British chief executive, was dismissed from his post after he challenged Mr Kikukawa and the board over suspiciously large payments related to acquisitions.
An investigation was launched that revealed a cover-up of losses.
Mr Kikukawa, former executive vice president Hisashi Mori and former auditing officer Hideo Yamada, were arrested in February and later indicted on suspected violation of the Financial Instruments and Exchange Act.
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