For the second quarter of the fiscal year ending March 2027, consolidated results were: net sales 300,821 million yen (YoY +2.6%), operating income 21,107 million yen (+1.5%), ordinary income 21,205 million yen (-3.4%), and net income attributable to owners of parent for the interim period 13,675 million yen (-6.6%). Interim period financial position: total assets 577,302 million yen and equity ratio 49.2%. The company revised its earnings guidance and dividend forecast for the fiscal year ending March 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-09","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/2264-20261109-01.pdf","jir_short_summary":"For the second quarter of the fiscal year ending March 2027, consolidated results were: net sales 300,821 million yen (YoY +2.6%), operating income 21,107 million yen (+1.5%), ordinary income 21,205 million yen (-3.4%), and net income attributable to owners of parent for the interim period 13,675 million yen (-6.6%). Interim period financial position: total assets 577,302 million yen and equity ratio 49.2%. The company revised its earnings guidance and dividend forecast for the fiscal year ending March 2027.","jir_summary":"### Overview of Results\nUnder the medium-term management plan 2025-28, the Morinaga Milk Industry Group is concentrating resources on growth areas to expand earnings. During the interim period, despite increases in raw material and logistics costs and decreased volumes in domestic categories such as ice cream and milk, net sales increased due to price revisions, expansion of higher value-added products, and group-wide structural reforms. Overseas operations recorded higher revenue and profit supported by a strong whey protein market at MILEI GmbH. Overall, operating income increased.\n\n### Financial Position and Outlook\nAt the end of the interim period, total assets were 577,302 million yen, net assets were 289,304 million yen, and the equity ratio was 49.2%, a slight decline from the end of the previous fiscal year. The company has revised its earnings forecast and dividend forecast for the fiscal year ending March 2027; see attached materials for details. As a capital policy within the medium-term plan, the company continues to promote optimization of capital structure and intends to raise the payout ratio to 40%.","jir_financial_highlights":"Net sales: 300,821 (YoY +2.6%)\nOperating income: 21,107 (YoY +1.5%)\nOrdinary income: 21,205 (YoY -3.4%)\nNet income attributable to owners of parent (interim): 13,675 (YoY -6.6%)","jir_category":"","jir_hashtags":"#MorinagaMilkIndustry, #InterimResults, #MediumTermManagementPlan2025-28, #OverseasBusiness, #RawMaterialCosts","jir_key_figures":"Net sales: 300,821 million yen (YoY +2.6%)\nOperating income: 21,107 million yen (YoY +1.5%)\nNet income attributable to owners of parent (interim): 13,675 million yen (YoY -6.6%)","jir_meta_title":"Morinaga Milk Industry Co., Ltd. \u2014 Q2 FY2027 Financial Summary | Net Sales 300,821 million yen \/ Operating Income 21,107 million yen","jir_meta_description":"Morinaga Milk Industry's Q2 FY2027 interim results: net sales 300,821 million yen, operating income 21,107 million yen, ordinary income 21,205 million yen, and net income 13,675 million yen. Despite rising raw material and logistics costs, earnings improved through price revisions and expansion of higher value-added products. Includes note on revised dividend forecast.","jir_og_title":"Morinaga Milk Industry Co., Ltd. \u2014 Q2 FY2027 Interim Financial Results","jir_og_description":"Summary of Morinaga Milk Industry's interim results showing overall movement in sales and profits, and a summary of profitability improvement measures and cost management domestically and internationally.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[]","ir_related_company":8098,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-145493","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n