Operating income for the fiscal year ending March 2026 is 34.5 billion yen (up 4.8 billion yen year-over-year, exceeding plan by 1.5 billion yen), achieving record highs. Dividends were increased from the previous forecast of 93 yen to 100 yen. For the fiscal year ending March 2027, operating income is forecasted at 32.0 billion yen (down 2.5 billion yen year-over-year).<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"2264","jir_company_name":"Morinaga Milk Industry Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-05-13","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/05\/2264-20260513-05.pdf","jir_short_summary":"Operating income for the fiscal year ending March 2026 is 34.5 billion yen (up 4.8 billion yen year-over-year, exceeding plan by 1.5 billion yen), achieving record highs. Dividends were increased from the previous forecast of 93 yen to 100 yen. For the fiscal year ending March 2027, operating income is forecasted at 32.0 billion yen (down 2.5 billion yen year-over-year).","jir_summary":"### Summary of Financial Results for Fiscal Year Ending March 2026\nOperating income reached 34.5 billion yen (up 4.8 billion yen YoY, exceeding plan by 1.5 billion yen), achieving the highest ever profit. The contribution from overseas business was significant, with an increase of 9.5 billion yen YoY and an outperformance of 3.0 billion yen against the plan. Domestic operations saw a decrease due to volume reductions and increases in raw material and operational costs, but price revisions and product mix improvements kept actual results in line with plans. Dividends were increased from the previous forecast of 93 yen to 100 yen.\n\n### Outlook for Fiscal Year Ending March 2027\nNet sales are projected at 580.0 billion yen (up 1.5% YoY), operating income at 32.0 billion yen (down 7.2%), and dividends at 25 yen (assuming the same dividend after a 4-for-1 stock split). A reduction of 4.0 billion yen in operating income is anticipated due to geopolitical impacts in the Middle East. Domestic operations are expected to grow through expansion of growth areas and structural reforms, though a decline is planned due to Middle East impacts. Overseas business is expected to continue growth but will face a reduction in earnings due to geopolitical factors and decreased inventory sales by MILEI.\n\n### Progress on the Mid-term Management Plan 2025-28\nProgress includes exceeding targets in overseas business and MILEI, recognizing the company's strategic focus, and advancing growth strategies and structural reforms. Efforts are underway to expand growth areas such as microbes and baby milk while promoting structural reforms in core fields.\n\n### Engagement with Capital Markets and Enhancing Corporate Value\nActivities include investor relations efforts, shareholder return measures, changes in executive compensation systems, plans for a stock split (1 share to 4 shares), and sustainability initiatives to enhance corporate value.","jir_financial_highlights":"Net Sales: 571.5 billion yen (Up 1.8% YoY)\nOperating Income: 34.5 billion yen (Up 16.3% YoY, exceeding plan by 1.5 billion yen)\nOrdinary Income: 37.1 billion yen (Up 24.3% YoY)\nNet Income Attributable to Owners of Parent: 22.6 billion yen (Up 313.9% YoY)\nDividend: 100 yen (Increase from previous forecast of 93 yen by 7 yen)\nForecast for Operating Income for Fiscal Year Ending March 2027: 32.0 billion yen (Down 7.2% YoY)\nForecast for Net Sales for Fiscal Year Ending March 2027: 580.0 billion yen (Up 1.5% YoY)\nForecast for Net Income Attributable to Owners of Parent for Fiscal Year Ending March 2027: 20.0 billion yen (Down 11.5% YoY)","jir_category":"","jir_hashtags":"#MorinagaMilk, #FinancialResultsBriefing, #financial_summary, #JapaneseStocks","jir_key_figures":"Operating income: 34.5 billion yen (up 4.8 billion yen YoY, exceeding plan by 1.5 billion yen, record high)\nDividend: 100 yen (increase from previous forecast of 93 yen by 7 yen)\nForecast for operating income for fiscal year ending March 2027: 32.0 billion yen (down 2.5 billion yen)","jir_meta_title":"\u3010Morinaga Milk\u3011Fiscal Year Ending March 2026 Financial Results | Operating Income of 34.5 Billion Yen, Record High","jir_meta_description":"Morinaga Milk's FY2026 financial results briefing materials. Operating income reaches 34.5 billion yen (up 16.3% YoY), with dividends increased to 100 yen. The outlook for FY2027 forecasts operating income of 32.0 billion yen. Significant contribution from overseas business, with considerations for Middle East geopolitical factors.","jir_og_title":"\u3010Morinaga Milk\u3011Fiscal Year Ending March 2026 Financial Results | Operating Income of 34.5 Billion Yen, Record High","jir_og_description":"Morinaga Milk's FY2026 results show record high operating income of 34.5 billion yen. Dividends increased to 100 yen. For FY2027, operating income is projected at 32.0 billion yen, factoring in geopolitical impacts in the Middle East.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Net Sales Trend (Billion Yen)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY2024 Actual\\\",\\\"FY2025 Actual\\\",\\\"FY2026 Actual\\\",\\\"FY2027 Before Middle East Impact\\\",\\\"FY2027 Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Sales\\\",\\\"data\\\":[5612,5612,5715,null,5800],\\\"backgroundColor\\\":\\\"#FF6384\\\"}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Operating Income Trend (Billion Yen)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY2024 Actual\\\",\\\"FY2025 Actual\\\",\\\"FY2026 Actual\\\",\\\"FY2027 Before Middle East Impact\\\",\\\"FY2027 Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income\\\",\\\"data\\\":[278,297,345,360,320],\\\"backgroundColor\\\":\\\"#36A2EB\\\"}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"segment_revenue_breakdown\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Operating Income Breakdown by Domestic and Overseas Operations (Billion Yen)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY2024 Actual\\\",\\\"FY2025 Actual\\\",\\\"FY2026 Actual\\\",\\\"FY2027 Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Domestic Business\\\",\\\"data\\\":[217,222,175,160],\\\"backgroundColor\\\":\\\"#FFA500\\\"},{\\\"label\\\":\\\"Overseas Business\\\",\\\"data\\\":[62,75,170,160],\\\"backgroundColor\\\":\\\"#007BFF\\\"}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}]","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-49029","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n