Morinaga Milk Industry Co., Ltd.
Stock Price Chart
2026/07/10 UpdatedPrice Trend
2026/07/10 UpdatedPrice & Trading Details
2026/07/10 UpdatedPRICE
TRADING
Analyst Recommendations 4 analysts
Updated 2026/07/01Earnings Calendar
Updated 2026/07/01Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026/05/12 | ¥-6.43 | ¥2.31 | +135.9% |
| 2026/02/11 | ¥15.65 | ¥22.45 | +43.4% |
| 2025/11/11 | ¥17.31 | ¥23.52 | +35.9% |
| 2025/08/07 | ¥17.31 | ¥20.73 | +19.8% |
Shareholder Composition
Updated 2026/07/01Dividend History
Updated 2026/07/05| Year | Dividend | Change |
|---|---|---|
| 2026 | ¥14 | -38.9% |
| 2025 | ¥23 | -14.3% |
| 2024 | ¥26 | +133.3% |
| 2023 | ¥11 | +12.5% |
| 2022 | ¥10 | - |
Financial Performance
2026/07/05 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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Financial Summary for the Fiscal Period Ending March 2026 [Japanese GAAP] (Consolidated)
The consolidated net sales for the fiscal year ending March 2026 were 571.45 billion yen (up 1.8% YoY), operating profit was 34.48 billion yen (up 16.3% YoY), and net income attributable to owners of the parent was 22.60 billion yen...
Read more -
[Morinaga Milk Industry] 2026 Financial Results Supplementary Materials | Sales Exceeding 580 Billion Yen, Net Profit in the 220 Billion Yen Range
Morinaga Milk Industry achieved approximately 571.3 billion yen in sales and around 22.0 billion yen in net profit for the fiscal year ending March 2026, showing increases from the previous year. Operating income reached approximately 30.6 billion yen, a record...
Read more -
Fiscal Year Ending March 2026 Financial Results Briefing
Operating income for the fiscal year ending March 2026 is 34.5 billion yen (up 4.8 billion yen year-over-year, exceeding plan by 1.5 billion yen), achieving record highs. Dividends were increased from the previous forecast of 93 yen to 100 yen....
Read more -
[Morinaga Milk Industry] Notice of Stock Split and Shareholder Benefit Program | May 2026
Morinaga Milk Industry will implement a stock split (1 share to 4 shares) on June 30, 2026, increasing the issued shares from 86,179,786 to 258,539,358. The total authorized shares in the Articles of Incorporation will also be changed to 1,152,000,000...
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Morinaga Milk Industry | Dividend Increase Announcement | May 13, 2026
Morinaga Milk Industry announced an increase in the year-end dividend for fiscal year ending March 2026 to 55 yen, with an expected total annual dividend of 100 yen. The dividend increase aims to strengthen the company's foundation and enhance long-term...
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Latest News (5 items)
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Average Analyst Rating: strong_buy
Average Target Price: ¥1,475
Rating Score: 1.50 (Based on 4 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.
