Morinaga Milk Industry Co., Ltd.
Fiscal Year Ending March 2027 Second Quarter Financial Results Presentation
Net sales were 300.8 hundred million yen, +2.6% year-over-year, and operating income was 21.1 hundred million yen, a record high. Full-year guidance was revised up to net sales of 5,900 hundred million yen and operating income of 390 hundred million yen, and the dividend forecast was raised to 28 yen. Overseas operations drove profit growth, while domestic operations saw declines due to weather and raw material cost impacts. An update to the medium-term plan is scheduled.
Key Figures
- Net Sales: 3,008 hundred million yen (YoY +2.6%)
- Operating Income: 211 hundred million yen (YoY +1.5%)
- Full-year Net Sales Guidance: 5,900 hundred million yen (vs. previous +100 hundred million yen)
- Full-year Operating Income Guidance: 390 hundred million yen (vs. previous +50 hundred million yen)
- Dividend: Annual 28 yen (Year-end 16 yen, +3 yen increase)
AI要約
Overview of Results
Morinaga Milk Industry Co., Ltd. reported net sales of 3,008 hundred million yen (YoY +2.6%) and operating income of 211 hundred million yen (YoY +1.5%) for the second quarter of the fiscal year ending March 2027, setting a record high driven by contributions from overseas operations. Conversely, domestic operations saw profit declines due to weather and raw material cost increases related to Middle East circumstances and volume declines. Overseas results benefited from MILEI's whey protein market remaining firm and progress on price revisions. Overall, the company maintained a profit-increasing trend. An update to the medium-term management plan is scheduled for publication in May 2027.
Outlook and Capital Policy
Full-year guidance has been revised upward, planning net sales of 5,900 hundred million yen and operating income of 390 hundred million yen. The dividend forecast was raised to 28 yen (year-end 16 yen), aiming for the 11th consecutive year of dividend increases. The overseas business factors in MILEI's price revisions and product expansion, expecting further profit contributions in the second half. Domestically, the company will monitor the impact of rising raw material and energy costs and volume declines while continuing PM improvement and cost containment. The medium-term plan update will be published in May, and the company intends to increase engagement with the capital markets.
Net Sales Trend
Operating Income Trend
Segment Net Sales
Operating Margin Analysis
Comparison of Forecast and Actual
Morinaga Milk Industry Co., Ltd.
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