Megmilk Snow BrandMEGMILK SNOW BRAND Co.,Ltd.2270東証プライム食料品FY ending Mar 2026, consolidated, J-GAAP

Megmilk Snow Brand FY ending Mar 2026 results

About 44% of Megmilk Snow Brand's sales come from Dairy products, with Beverage and dessert and Feed and seeds making up much of the rest.

Out of every ¥100 of sales, about ¥3 is left as operating profit.

Revenue changed -0.0% from the prior year, operating profit -4.5%.

Revenue and profit pattern

Revenue and profit down

Revenue -0.0% · profit -4.5%, calculated from disclosed figures.

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
-0.0%¥615.8B → ¥615.8B
Gross profit
+2.8%¥101.5B → ¥104.4B
Operating income
-4.5%¥19.1B → ¥18.3B
Net income attributable to owners
+136.6%¥13.9B → ¥32.9B
Operating cash flow
+8.5%¥21.1B → ¥22.9B
Free cash flow
-2731.1%¥167M → -¥4.39B

Results at a glance

  • Revenue in FY ending Mar 2026 was ¥615.8B, essentially unchanged (-0.0%).
  • Gross profit rose +2.8% to ¥104.4B, yet operating income fell -4.5% to ¥18.3B.
  • Net income attributable to owners jumped +136.6% to ¥32.9B, boosted by gains from selling investment securities rather than by the core business.
  • Free cash flow turned negative at -¥4.39B, while the company spent ¥20B buying back its own shares.

What drove the change

  • Dairy products grew sales and profit thanks to butter price increases and steady demand; Sakeru Cheese hit record sales.
  • In beverage and dessert, volumes dropped after price increases, pulling operating profit well below the prior year.
  • Gains on selling investment securities drove the jump in net income.

Things to watch

  • Raw milk supply swings between surplus and shortage: a shortage cuts production, while a surplus builds inventory and intensifies price competition.
  • Large moves in global prices for dairy products and feed ingredients could raise input costs or let cheap imports take share.
  • Driver shortages in trucking could push up freight costs and cause delivery delays or stockouts.

Annual securities report, FY ending Mar 2026 / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report, FY ending Mar 2026 / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Megmilk Snow Brand sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥83
SG&A
¥14
Operating profit
¥3
Net profit kept
¥5

Annual margin trends

Gross margin16.9%
FY ending Mar 2021: 23.2%23.2%FY ending Mar 2022: 16.0%16.0%FY ending Mar 2023: 14.9%14.9%FY ending Mar 2024: 16.2%16.2%FY ending Mar 2025: 16.5%16.5%FY ending Mar 2026: 16.9%16.9%FY21FY22FY23FY24FY25FY26
Operating margin3.0%
FY ending Mar 2021: 3.2%3.2%FY ending Mar 2022: 3.2%3.2%FY ending Mar 2023: 2.2%2.2%FY ending Mar 2024: 3.0%3.0%FY ending Mar 2025: 3.1%3.1%FY ending Mar 2026: 3.0%3.0%FY21FY22FY23FY24FY25FY26
Net margin5.3%
FY ending Mar 2021: 2.4%2.4%FY ending Mar 2022: 2.2%2.2%FY ending Mar 2023: 1.6%1.6%FY ending Mar 2024: 3.2%3.2%FY ending Mar 2025: 2.3%2.3%FY ending Mar 2026: 5.3%5.3%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第17期(2025/04/01-2026/03/31)

    ID S100YC5I2026-06-16Open
  • EDINET (FSA Japan)

    有価証券報告書-第16期(2024/04/01-2025/03/31)

    ID S100W1PP2025-06-23Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第15期(2023/04/01-2024/03/31)

    ID S100UESP2024-09-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第14期(2022/04/01-2023/03/31)

    ID S100R6842023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第13期(令和3年4月1日-令和4年3月31日)

    ID S100OI0N2022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第12期(令和2年4月1日-令和3年3月31日)

    ID S100LMEE2021-06-23Open

Extracted from XBRL: 56 / Derived from other figures: 2

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