Notice of Revision to Earnings Guidance and Dividend Forecast

Summary of Earnings Guidance Revision

Morinaga Milk Industry Co., Ltd. has upwardly revised its consolidated full-year earnings guidance for the fiscal year ending March 2027. Net sales are now projected at 590,000 million yen, operating income at 39,000 million yen, ordinary income at 39,300 million yen, net income attributable to owners of parent at 23,000 million yen, and earnings per share at 71.24 yen. All items have been revised upward from the previous forecast, with particularly notable increases in net sales and operating income. The revision is attributed to expanded full-year sales and profits in overseas operations, driven by strong performance at overseas subsidiaries such as MIL EI GmbH.

Dividend Forecast Revision and Shareholder Returns

The dividend forecast has also been revised, with the year-end dividend set at 16 yen and the annual dividend expected to be 28 yen. The increase in the year-end dividend is explained as part of a policy to balance investment in growth areas with stable shareholder returns. It is noted that a stock split was implemented with an effective date of July 1, 2026.