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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.","jir_summary":"### Overview of Results\nMorinaga 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.\n\n### Outlook and Capital Policy\nFull-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.","jir_financial_highlights":"Net Sales: 3,008 (YoY +2.6%)\nOperating Income: 211 (YoY +1.5%)\nOperating Margin: 7.0%\u21927.1% (2Q actual) (Unknown)\nFull-year Net Sales Guidance: 5,900 (+100)\nFull-year Operating Income Guidance: 390 (+50)\nAnnual Dividend per Share: 28 yen (YoY +3 yen \/ Year-end dividend 16 yen)","jir_category":"","jir_hashtags":"#MorinagaMilkIndustry, #FinancialResults, #OverseasBusiness, #MediumTermManagementPlan","jir_key_figures":"Net Sales: 3,008 hundred million yen (YoY +2.6%)\nOperating Income: 211 hundred million yen (YoY +1.5%)\nFull-year Net Sales Guidance: 5,900 hundred million yen (vs. previous +100 hundred million yen)\nFull-year Operating Income Guidance: 390 hundred million yen (vs. previous +50 hundred million yen)\nDividend: Annual 28 yen (Year-end 16 yen, +3 yen increase)","jir_meta_title":"Morinaga Milk Industry Co., Ltd. FY Mar 2027 Q2 Results | Net Sales 3,008 hundred million yen, Record Profit and Upward Revision to Full-year Guidance","jir_meta_description":"Summary of Morinaga Milk Industry Co., Ltd.'s Q2 FY Mar 2027 results: net sales 3,008 hundred million yen, operating income 211 hundred million yen. Full-year guidance revised to net sales 5,900 hundred million yen and operating income 390 hundred million yen. Domestic weather and cost pressures vs. overseas expansion. Dividend forecast raised to 28 yen.","jir_og_title":"Morinaga Milk Industry Co., Ltd. | FY Mar 2027 Q2 Financial Results Summary","jir_og_description":"Q2 results set a record high driven by overseas operations, while domestic cost pressures impacted profitability. Full-year guidance revised upward and dividends increased. 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