Morinaga Milk Industry Co., Ltd.
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.
Key Figures
- Net Sales: 437.8 billion yen (YoY +1.6%)
- Operating Income: 30.7 billion yen (YoY +20.4%)
- Net Income Attributable to Owners of Parent: 21.9 billion yen (YoY +48.8%)
AI要約
Overview of Results
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%), achieving record high profits. The overseas business, centered on MILEI Co., Ltd., steadily exceeded plans and performed well. In the domestic business, despite a challenging sales environment, efforts continued in price revisions and PM improvements; however, negative impacts from volume declines and increased raw material and operational costs were experienced, but overall progress was at planned levels. Ordinary income and net income also significantly increased year-over-year.
Earnings Forecast and Dividend
There is no revision to the earnings forecast for the fiscal year ending March 2026, with full-year net sales expected at 570.0 billion yen (YoY +1.6%) and operating income at 33.0 billion yen (YoY +11.3%). The forecast reflects sustained strength in overseas operations and the impact of increased costs in the domestic business, keeping profit forecasts unchanged. The dividend is planned at 93 yen per share annually (48 yen per share at year-end), targeting a payout ratio of 40.0% in line with the medium-term management plan.
