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. 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There is no revision to earnings guidance.","jir_summary":"### Overview of Results\nFor 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.\n\n### Earnings Forecast and Dividend\nThere 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.","jir_financial_highlights":"Net Sales: 437.8 billion yen (YoY +1.6%)\nOperating Income: 30.7 billion yen (YoY +20.4%)\nOrdinary Income: 32.8 billion yen (YoY +25.8%)\nNet Income Attributable to Owners of Parent: 21.9 billion yen (YoY +48.8%)\nOperating Margin: 7.0% (Increased YoY)\nFull-Year Plan for Fiscal Year Ending March 2026 Net Sales: 570.0 billion yen (YoY +1.6%)\nFull-Year Plan for Fiscal Year Ending March 2026 Operating Income: 33.0 billion yen (YoY +11.3%)\nAnnual Dividend Per Share: 93 yen (Unknown)","jir_category":"","jir_hashtags":"#MorinagaMilkIndustry, #EarningsPresentation, #JapaneseStocks","jir_key_figures":"Net Sales: 437.8 billion yen (YoY +1.6%)\nOperating Income: 30.7 billion yen (YoY +20.4%)\nNet Income Attributable to Owners of Parent: 21.9 billion yen (YoY +48.8%)","jir_meta_title":"Morinaga Milk Industry FY March 2026 Q3 Earnings: Net Sales 437.8 Billion Yen, Operating Income 30.7 Billion Yen Record High Profit","jir_meta_description":"Morinaga Milk Industry's Q3 FY March 2026 earnings report shows net sales of 437.8 billion yen (YoY +1.6%) and operating income of 30.7 billion yen (YoY +20.4%), achieving record high profits. No revision to full-year earnings forecast.","jir_og_title":"Morinaga Milk Industry Achieves Record High Profit in FY March 2026 Q3 Earnings","jir_og_description":"Morinaga Milk Industry's Q3 FY March 2026 earnings report shows net sales of 437.8 billion yen and operating income of 30.7 billion yen with record profits. 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