Company profile

MORINAGA MILK INDUSTRY CO.,LTD

EDINET
E00331
Securities
2264
Industry
Foods
Latest annual securities report
2026-06-24 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-10-01 Shelf Registration Statement PDF HTML
Compare this company

Industry position

Foods

View details
Profitability Above average Current Top 38% 5-year trend Deteriorating
Financial strength Below average Based on Equity ratio Current Bottom 31% 5-year trend Broadly stable
Growth Below average Current Bottom 41% 5-year trend Improving
Cash generation Below average Current Bottom 39% 5-year trend Deteriorating

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2026

Consolidated Japanese GAAP

Revenue reached ¥571.46 billion, up 1.8% year over year. Operating income was ¥34.48 billion, up 16.3% year over year. Operating margin was 6.0%. Net income was ¥22.6 billion, up 314.0% year over year. ROE was 8.1%; equity ratio was 50.2%; free cash flow was -¥3.15 billion.

Revenue ¥571.46B up 1.8% year over year
Operating income ¥34.48B up 16.3% year over year
Net income ¥22.6B up 314.0% year over year
Total assets¥547.12B
Total equity—
Operating cash flow¥35.72B
Free cash flow-¥3.15B

Industry position details

Foods

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Above average

Operating margin Top 36% / ROE Top 42%

Financial strength Below average
Based on Equity ratio

Equity ratio Bottom 71%

Growth Below average

Revenue growth Bottom 60% / 3-year revenue CAGR Bottom 61%

Cash generation Below average

Operating cash flow margin Top 51% / Free cash flow margin Bottom 74%

Profitability Industry position history Deteriorating
2026 Top 38% 2025 Bottom 35% 2024 Top 25% 2023 Top 37% 2022 Top 17%
Financial strength Industry position history Broadly stable
2026 Bottom 31% 2025 Bottom 38% 2024 Bottom 31% 2023 Bottom 27% 2022 Bottom 25%
Growth Industry position history Improving
2026 Bottom 41% 2025 Bottom 34% 2024 Bottom 25% 2023 Bottom 20% 2022 Bottom 17%
Cash generation Industry position history Deteriorating
2026 Bottom 39% 2025 Bottom 9% 2024 Top 16% 2023 Bottom 35% 2022 Top 22%
Profitability Operating margin 6.0% Industry median 4.3% Top 36% Comparison sample 96
Profitability ROE 8.1% Industry median 6.9% Top 42% Comparison sample 96
Financial strength Equity ratio 50.2% Industry median 59.9% Bottom 71% Comparison sample 96
Growth Revenue growth +1.8% Industry median +2.9% Bottom 60% Comparison sample 95
Growth 3-year revenue CAGR +2.8% Industry median +4.0% Bottom 61% Comparison sample 87
Cash generation Operating cash flow margin 6.2% Industry median 6.2% Top 51% Comparison sample 95
Cash generation Free cash flow margin -0.6% Industry median 1.5% Bottom 74% Comparison sample 95

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2026 Consolidated Japanese GAAP 571458000000 34479000000 37121000000 22599000000 22599000000 26064000000 547116000000 267367000000 279749000000 251542000000 279749000000 35716000000 -38870000000 -503000000 -3154000000 26059000000 276.02 17.3 4775.146 411521060398.756 3403.79 86179786 0.511315699 0.502 0.0807831306 0.0413056829 0.0603351427 0.0649584046 0.0395462134 0.0624997813 -0.0055192158 0.0183276815 0.1625531054 0.2430016073 3.1397691885 0.0512909691 0.0318919378 3.8673731535 -1.0690940062 0.8999602228 0.8990461558 -0.0875380791 3.272755418 -0.0321780811 -0.0144908091 7345
FY2025 Consolidated Japanese GAAP 561173000000 29658000000 29864000000 5459000000 5459000000 9116000000 520423000000 249319000000 271103000000 246316000000 271103000000 -12456000000 -18786000000 -5028000000 -31242000000 28559000000 64.6 48.2 3113.72 277261465179.92 3187.41 89045086 0.520928168 0.512 0.0201362582 0.0104895441 0.0528500124 0.0532171006 0.0097278379 -0.0221963637 -0.0556726714 0.0257997766 0.0653399907 0.0626245374 -0.9109563345 -0.0805214859 -0.0391018484 -1.2201367902 -1.744796416 0.8698218724 -1.3819035279 -0.5574169353 -0.907306434 -0.0318859253 0.0051247471 7453
FY2024 Consolidated Japanese GAAP 547059000000 27839000000 28104000000 61307000000 61307000000 67790000000 565998000000 283862000000 282135000000 261320000000 282135000000 56583000000 25223000000 -38624000000 81806000000 64528000000 696.92 4.5 3136.140 288455527400.040 3192.33 91977886 0.4984734928 0.49 0.2172966842 0.1083166372 0.0508884782 0.0513728867 0.112066523 0.103431257 0.1495378012 0.0408216848 0.1629140733 0.1144420652 2.6330074074 0.1667271333 0.2422069002 1.9193581674 1.9905745592 -14.2047863248 14.4527215918 2.0762776506 0.867667158 0.9223999711 0.0532670455 7415
FY2023 Consolidated Japanese GAAP 525603000000 23939000000 25218000000 16875000000 16875000000 20220000000 485116000000 257991000000 227124000000 214009000000 227124000000 19382000000 -25463000000 2925000000 -6081000000 20976000000 373.15 12.8 4776.320 228524668677.760 4927.3 47845343 0.468184929 0.459 0.074298621 0.0347854946 0.0455457827 0.0479791782 0.0321059811 0.0368757408 -0.0115695687 0.0442014964 -0.1964621375 -0.1898351913 -0.500473625 0.0573859822 0.091805832 -0.5186748783 -4.0418110142 1.0656978572 -1.1250231296 -0.1068721792 -0.457196887 -0.0401241095 0.0293902617 7040
FY2022 Consolidated Japanese GAAP 503354000000 29792000000 31127000000 33782000000 33782000000 34792000000 458788000000 250762000000 208026000000 200210000000 208026000000 40268000000 8371000000 -44522000000 48639000000 23486000000 687.45 7.6 5224.620 260422975944.660 4554.84 49845343 0.4534251114 0.449 0.1623931624 0.0736331377 0.0591869738 0.0618391828 0.0671138006 0.0799993643 0.0966298073 -0.1374278125 0.0320435099 0.0338104886 0.8025719012 0.0133071828 0.0302499034 0.0447281029 1.3308041889 -15.9478492577 2.6739179696 0.2271919741 0.8151453542 0.0002247455 -0.0046572551 6839
FY2021 Consolidated Japanese GAAP 583550000000 28867000000 30109000000 18741000000 18741000000 21240000000 452763000000 250844000000 201918000000 194566000000 201918000000 38544000000 -25305000000 -2627000000 13239000000 19138000000 378.73 15.4 5832.442 290654748667.206 4028.36 49834143 0.4459684206 0.44 0.0928149051 0.0413925166 0.0494679119 0.0515962642 0.0321155 0.0660508954 0.022687002 -0.0124252825 0.1383335305 0.1639927321 0.004556175 0.0383019807 0.1025215407 0.319593276 -0.918062609 0.7577238772 -0.1733891109 1.2502057613 0.0042958288 0.0002147583 0.0901158179 6871
FY2020 Consolidated Japanese GAAP 590892000000 25359000000 25867000000 18656000000 18656000000 16659000000 436061000000 252918000000 183142000000 178757000000 183142000000 29209000000 -13193000000 -10843000000 16016000000 8505000000 377.11 11.1 4185.921 208556996346.003 3663.73 49823443 0.4199916984 0.416 0.1018663114 0.0427830051 0.042916472 0.0437761892 0.0315726055 0.0494320451 0.027104784 0.0125260889 0.1355962563 0.1162078191 0.3309552686 0.008802654 0.0826106747 0.5783529666 0.6601231419 -1.7683531746 1.7885382305 1.5132978723 0.3308981825 0.0002690221 0.0237128472 6303
FY2019 Consolidated Japanese GAAP 583582000000 22331000000 23174000000 14017000000 14017000000 12600000000 432256000000 263088000000 169167000000 162745000000 169167000000 18506000000 -38817000000 14112000000 -20311000000 3384000000 283.35 13.3 3768.555 187711886597.865 3384.81 49810043 0.3913583617 0.387 0.08285895 0.0324275429 0.0382654023 0.0397099294 0.0240189039 0.0317110535 -0.0348040207 -0.0143644431 0.0298376683 0.0366360993 -0.1117799886 0.0379217361 0.0632613041 -0.2630027877 -1.2940133562 3.4440595774 -3.4802784223 -0.6560276479 -0.1117833297 0.0283948555 6157
FY2018 Consolidated Japanese GAAP 592087000000 21684000000 22355000000 15781000000 15781000000 17788000000 416463000000 257361000000 159102000000 151257000000 159102000000 25110000000 -16921000000 -5774000000 8189000000 9838000000 319.01 13.6 4338.536 3184.08 0.382031537 0.378 0.0991879423 0.0378929221 0.0366229963 0.0377562757 0.0266531777 0.0424093081 0.0138307377 -0.0008943382 0.0277264325 0.0179872495 0.1953491895 0.0806947162 0.1138008765 -0.3277108434 0.2030801111 0.6212031752 -0.4919029596 0.3901370637 4.9739700375 0.0374285219 5987
FY2017 Consolidated Japanese GAAP 592617000000 21099000000 21960000000 13202000000 13202000000 15240000000 385366000000 242519000000 142846000000 137774000000 142846000000 37350000000 -21233000000 -15243000000 16117000000 7077000000 53.4 15.5 827.70 574.16 0.3706761884 0.369 0.0924212089 0.0342583414 0.0356030961 0.0370559738 0.0222774574 0.0630255291 0.0271963174 -0.0147664418 0.4737025913 0.4680125677 0.2482980333 0.0171940494 0.1041663446 0.3233887255 0.0450211388 -0.4587998852 1.6911003506 0.1408995647 0.2476635514 0.0301677972 5771

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp