Company profile

Morinaga&Co.,Ltd.

EDINET
E00369
Securities
2201
Industry
Foods
Latest annual securities report
2026-06-25 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-08-06 Extraordinary Report PDF HTML
Compare this company

Industry position

Foods

View details
Profitability Strong Current Top 18% 5-year trend Deteriorating
Financial strength Above average Based on Equity ratio Current Top 40% 5-year trend Broadly stable
Growth Above average Current Top 36% 5-year trend Improving
Cash generation Strong Current Top 27% 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 ¥236.67 billion, up 3.4% year over year. Operating income was ¥22.39 billion, up 5.3% year over year. Operating margin was 9.5%. Net income was ¥17.77 billion, up 0.3% year over year. ROE was 12.4%; equity ratio was 62.8%; free cash flow was ¥9.35 billion.

Revenue ¥236.67B up 3.4% year over year
Operating income ¥22.39B up 5.3% year over year
Net income ¥17.77B up 0.3% year over year
Total assets¥225.92B
Total equity—
Operating cash flow¥23.64B
Free cash flow¥9.35B

Industry position details

Foods

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Strong

Operating margin Top 19% / ROE Top 19%

Financial strength Above average
Based on Equity ratio

Equity ratio Top 41%

Growth Above average

Revenue growth Top 47% / 3-year revenue CAGR Top 28%

Cash generation Strong

Operating cash flow margin Top 27% / Free cash flow margin Top 29%

Profitability Industry position history Deteriorating
2026 Top 18% 2025 Top 13% 2024 Top 18% 2023 Top 25% 2022 Top 6%
Financial strength Industry position history Broadly stable
2026 Top 40% 2025 Top 35% 2024 Top 43% 2023 Top 35% 2022 Top 37%
Growth Industry position history Improving
2026 Top 36% 2025 Top 25% 2024 Top 45% 2023 Bottom 34% 2022 Bottom 22%
Cash generation Industry position history Deteriorating
2026 Top 27% 2025 Bottom 40% 2024 Top 9% 2023 Bottom 9% 2022 Top 4%
Profitability Operating margin 9.5% Industry median 4.3% Top 19% Comparison sample 96
Profitability ROE 12.4% Industry median 6.9% Top 19% Comparison sample 96
Financial strength Equity ratio 62.8% Industry median 59.9% Top 41% Comparison sample 96
Growth Revenue growth +3.4% Industry median +2.9% Top 47% Comparison sample 95
Growth 3-year revenue CAGR +6.8% Industry median +4.0% Top 28% Comparison sample 87
Cash generation Operating cash flow margin 10.0% Industry median 6.2% Top 27% Comparison sample 95
Cash generation Free cash flow margin 3.9% Industry median 1.5% Top 29% 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 236672000000 22394000000 22659000000 17765000000 17765000000 23919000000 225921000000 82225000000 143696000000 122806000000 143696000000 23637000000 -14289000000 -13236000000 9348000000 25726000000 211.07 12.79 2699.5853 232465712103.7214 1690.58 86111638 0.6360453433 0.628 0.1236290502 0.0786336817 0.0946204029 0.095740096 0.0750616888 0.0998723972 0.0394977015 0.0336962836 0.0530424151 0.0159164275 0.0031055901 0.0758860114 0.0853746044 1.1961349066 -0.4525770052 0.2649933363 9.0950323974 -0.1659588264 0.0508837441 -0.0215880541 0.0218839201 3222
FY2025 Consolidated Japanese GAAP 228957000000 21266000000 22304000000 17710000000 17710000000 17201000000 209986000000 77592000000 132393000000 117623000000 132393000000 10763000000 -9837000000 -18008000000 926000000 30845000000 200.85 12.47 2504.5995 220433904528.9810 1523.09 88011638 0.6304848895 0.623 0.1337684017 0.0843389559 0.0928820696 0.0974156719 0.0773507689 0.047008827 0.0040444276 0.073061565 0.0489814038 0.0601264319 0.1686683384 -0.0610702724 -0.0019600009 -0.6433021807 -0.8404115996 -0.2796134442 -0.9627049015 -0.3451306766 0.2128623188 -0.0507245153 0.0193986421 3153
FY2024 Consolidated Japanese GAAP 213368000000 20273000000 21039000000 15154000000 15154000000 20361000000 223644000000 90991000000 132653000000 117239000000 132653000000 30174000000 -5345000000 -14073000000 24829000000 47101000000 165.6 15.85 2624.760 243353410760.880 1448.01 92714538 0.5931435675 0.587 0.1142378989 0.0677594749 0.0950142477 0.0986042893 0.0710228338 0.1414176446 0.1163670279 0.0977244782 0.3306859206 0.3352160944 0.5065115817 0.0897449641 0.0540061658 11.1732973702 0.6238299669 -0.9152150245 2.4456477438 0.3055686448 -0.2067825837 0.9259448046 0.005526658 3093
FY2023 Consolidated Japanese GAAP 194373000000 15235000000 15757000000 10059000000 10059000000 10484000000 205226000000 79370000000 125856000000 115482000000 125856000000 -2966000000 -14209000000 -7348000000 -17175000000 36077000000 208.77 17.99 3755.7723 180802010938.5987 2645.25 48139769 0.6132556304 0.607 0.0799246758 0.0490142575 0.0783802277 0.0810657859 0.0517510148 -0.015259321 -0.0883610378 0.0723968419 -0.138535482 -0.1364607881 -0.637813704 -0.0423425105 -0.0405415707 -1.1194763343 -2.5258805842 -0.2364125862 -1.5031197821 -0.4001762378 -0.6221972891 -0.1116446907 0.0473272046 3076
FY2022 Consolidated Japanese GAAP 181251000000 17685000000 18247000000 27773000000 27773000000 13037000000 214300000000 83126000000 131174000000 121074000000 131174000000 24825000000 9312000000 -5943000000 34137000000 60146000000 552.59 6.89 3807.3451 206319151472.2819 2603.95 54189769 0.6121045264 0.607 0.2117264092 0.1295986934 0.0975718755 0.100672548 0.1532294994 0.1369647616 0.1883410298 -0.093699685 -0.0770796368 -0.0768958365 1.0718388661 0.0613376916 0.0585121406 1.0470850169 1.4688349612 -0.4551909892 5.4133160957 0.9052838317 1.0733528441 0.0 0.0396460177 2937
FY2021 Consolidated Japanese GAAP 199990000000 19162000000 19767000000 13405000000 13405000000 22168000000 201915000000 77992000000 123923000000 98957000000 123923000000 12127000000 -19862000000 -4084000000 -7735000000 31568000000 266.52 14.84 3955.1568 214329033350.7792 2445.53 54189769 0.6137384543 0.609 0.10817201 0.0663893222 0.0958147907 0.098839942 0.0670283514 0.0606380319 -0.0386769338 -0.0425511543 -0.0974093264 -0.099453303 0.2384515891 0.0736732958 0.1747703508 -0.4223587692 -2.1688342259 0.0665142857 -1.2036222918 -0.2730789601 0.2385909471 0.0 0.0420509037 2825
FY2020 Consolidated Japanese GAAP 208878000000 21230000000 21950000000 10824000000 10824000000 11694000000 188060000000 82573000000 105487000000 89187000000 105487000000 20994000000 16993000000 -4375000000 37987000000 43427000000 215.18 20.54 4419.7972 239507789294.8468 2080.77 54189769 0.5609220462 0.557 0.1026098003 0.0575560991 0.1016382769 0.1050852651 0.0518197225 0.1005084308 0.1818621396 0.0170912703 0.0501063461 0.0569653778 -0.1554307116 0.0695132424 0.0853353637 0.0046418146 1.8485892634 0.6319818304 42.5630733945 3.4151077674 -0.1293546429 0.0 -0.002208318 2711
FY2019 Consolidated Japanese GAAP 205368000000 20217000000 20767000000 12816000000 12816000000 8489000000 175837000000 78644000000 97193000000 81687000000 97193000000 20897000000 -20025000000 -11888000000 872000000 9836000000 247.15 19.44 4804.5960 260359947378.3240 1917.22 54189769 0.5527448717 0.548 0.131861348 0.0728856839 0.0984427954 0.1011209147 0.0624050485 0.1017539247 0.0042460364 0.0016876238 0.0235937421 0.0168935462 0.2456020993 -0.0219432424 -0.0312764749 0.1747807511 -3.4558498896 0.336088462 -0.9663865546 -0.5302321139 0.2497471683 -0.142631745 2717
FY2018 Consolidated Japanese GAAP 205022000000 19751000000 20422000000 10289000000 10289000000 11102000000 179782000000 79450000000 100331000000 79871000000 100331000000 17788000000 8154000000 -17906000000 25942000000 20938000000 197.76 23.69 4684.9344 1882.23 0.5580703296 0.544 0.1025505577 0.0572304235 0.096336003 0.0996088225 0.0501848582 0.0867614207 0.1265327623 0.0277873861 0.1214512832 0.1144338336 -0.0743139901 -0.0283734705 0.0933709665 -0.0332608696 1.2742130751 -6.4670558799 3.2884615385 0.6228491707 -0.0741573034 -0.0267199017 3169
FY2017 Consolidated Japanese GAAP 199479000000 17612000000 18325000000 11115000000 11115000000 16438000000 185032000000 93269000000 91763000000 72070000000 91763000000 18400000000 -29736000000 -2398000000 -11336000000 12902000000 213.6 23.13 4940.568 1713.49 0.4959304337 0.482 0.1211272517 0.0600706905 0.0882899954 0.0918643065 0.055720151 0.0922402859 -0.056828037 0.0968339675 0.5373603352 0.5192339579 0.3735788433 0.1215556014 0.1882858734 0.1008076578 -13.2209469154 -0.0376460407 -1.7751641138 -0.5170322677 5.8703763268 0.0654450262 3256

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