Morinaga Milk Industry Co., Ltd.
Stock Price Chart
2026/03/05 UpdatedPrice Trend
2026/03/05 UpdatedPrice & Trading Details
2026/03/05 UpdatedPRICE
TRADING
Analyst Recommendations 3 analysts
Updated 2026/03/01Shareholder Composition
Updated 2026/03/01Dividend History
Updated 2026/03/01| Year | Dividend | Change |
|---|---|---|
| 2025 | ¥90 | -14.3% |
| 2024 | ¥105 | +133.3% |
| 2023 | ¥45 | +12.5% |
| 2022 | ¥40 | +33.3% |
| 2021 | ¥30 | - |
Financial Performance
2026/03/01 UpdatedRevenue & Profit
Margins
Cash Flow
Financial Health
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | ¥503,354M | ¥525,603M | ¥547,059M | ¥561,173M |
| Gross Profit | ¥122,277M | ¥118,295M | ¥131,958M | ¥135,053M |
| Operating Income | ¥29,793M | ¥23,940M | ¥27,839M | ¥29,658M |
| Pretax Income | ¥49,043M | ¥24,429M | ¥89,862M | ¥16,795M |
| Net Income | ¥33,782M | ¥16,875M | ¥61,307M | ¥5,459M |
| EPS | ¥343.17 | ¥186.31 | ¥696.09 | ¥64.53 |
| Operating Margin | 5.92% | 4.55% | 5.09% | 5.29% |
| Balance Sheet | ||||
| Total Assets | ¥458,788M | ¥487,441M | ¥565,998M | ¥520,423M |
| Total Equity | ¥206,068M | ¥223,025M | ¥277,181M | ¥266,324M |
| Total Liabilities | ¥252,720M | ¥264,416M | ¥288,817M | ¥254,099M |
| Cash | ¥23,607M | ¥21,096M | ¥64,528M | ¥28,559M |
| Interest-bearing Debt | ¥89,264M | ¥101,333M | ¥86,818M | ¥104,731M |
| Equity Ratio | 44.92% | 45.75% | 48.97% | 51.17% |
| D/E Ratio | 0.43 | 0.45 | 0.31 | 0.39 |
| Cash Flow | ||||
| Operating CF | ¥40,268M | ¥19,382M | ¥56,583M | -¥12,456M |
| Investing CF | ¥8,371M | -¥25,463M | ¥25,223M | -¥18,786M |
| Financing CF | -¥44,522M | ¥2,925M | -¥38,624M | -¥5,028M |
| Free CF | ¥40,268M | ¥19,382M | ¥56,583M | -¥12,456M |
| Efficiency | ||||
| ROE | 16.39% | 7.57% | 22.12% | 2.05% |
| ROA | 7.36% | 3.46% | 10.83% | 1.05% |
Latest IR Information
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Notice Regarding Status of Treasury Stock Acquisition (Based on the Provisions of Article 165, Paragraph 2 of the Companies Act)
In February 2026, 132,100 shares of treasury stock were acquired totaling 576,991,300 yen, bringing the cumulative shares acquired to 2,756,200 shares and the total acquisition cost to 9,481,650,400 yen.
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Notice Regarding Changes in Representative Director
Morinaga Milk Industry Co., Ltd. announced that Mr. Seiichiro Okawa, the current Representative Director and Executive Vice President, will resign as Representative Director at the conclusion of the Annual General Meeting of Shareholders scheduled for late June 2026 and will...
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Financial Summary for the Third Quarter of the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)
For the third quarter of the fiscal year ending March 2026, consolidated net sales were ¥437,822 million (1.6% increase YoY), operating income was ¥30,681 million (20.4% increase YoY), and net income attributable to owners of parent for the quarter was...
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Morinaga Milk Industry Co., Ltd. Supplemental Materials for Q3 FY 2026 Earnings
For Q3 FY 2026, net sales were JPY 437,822 million (1.6% YoY increase), operating income was JPY 30,681 million (20.4% YoY increase), and net income attributable to owners of parent was JPY 21,936 million (48.8% YoY increase).
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Fiscal Year Ending March 2026 Q3 Earnings Presentation
For the third quarter of the fiscal year ending March 2026, net sales were 437.8 billion yen (YoY +1.6%), and operating income was 30.7 billion yen (YoY +20.4%), marking a record high profit. There is no revision to earnings guidance.
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Latest News (5 items)
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Average Analyst Rating: buy
Average Target Price: ¥4,550
Rating Score: 2.25 (Based on 3 analysts)
※1=Strong Buy, 5=Strong Sell
Company Information
About
Morinaga Milk Industry Co., Ltd., together with its subsidiaries, engages in the production and sale of various dairy products in Japan and internationally. The company offers milk products, including homogenized, sterilized whole, and enriched milk; beverages comprising milk-based, coffee, chilled tea, and various other beverages; Greek, fruit, and various other yogurt products; chilled desserts, such as baked, milk, and low carb pudding; and ice cream products. It also provides cheese and butter; infant formula and baby food products; milk powder, milk supplements, and bifidobacterium longum BB536 capsule; liquid diet and nursing care food products; and other products, including creaming powder, condensed milk, and tofu. The company was formerly known as Nippon Rennyu Co., Ltd. and changed its name to Morinaga Milk Industry Co., Ltd. in 1949. Morinaga Milk Industry Co., Ltd. was founded in 1917 and is headquartered in Tokyo, Japan.