Morinaga&Morinaga&Co.,Ltd.2201東証プライム食料品FY ending Mar 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +3.4% from the prior year, operating profit +5.3%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2022 | 15.3% | 0.85× | 13.0% | 1.77× | 22.9% |
| 2023 | 5.2% | 0.93× | 4.8% | 1.77× | 8.5% |
| 2024 | 7.1% | 1.00× | 7.1% | 1.84× | 13.0% |
| 2025 | 7.7% | 1.06× | 8.2% | 1.85× | 15.1% |
| 2026 | 7.5% | 1.09× | 8.2% | 1.81× | 14.8% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 181,251 | 194,373 | 213,368 | 228,957 | 236,672 |
| Cost of revenue | 105,425 | 117,721 | 126,679 | 138,911 | 141,713 |
| Gross profit | 75,826 | 76,651 | 86,689 | 90,046 | 94,959 |
| SG&A | 58,140 | 61,415 | 66,416 | 68,779 | 72,565 |
| Operating income | 17,685 | 15,235 | 20,273 | 21,266 | 22,394 |
| Pretax income | 39,216 | 13,884 | 20,576 | 24,284 | 25,327 |
| Income tax | 11,257 | 3,593 | 5,201 | 6,438 | 7,393 |
| Net income attributable to owners | 27,773 | 10,059 | 15,154 | 17,710 | 17,765 |
| Operating margin | 9.8% | 7.8% | 9.5% | 9.3% | 9.5% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥60.1B | ¥36.1B | ¥47.1B | ¥30.8B | ¥25.7B |
| Total assets | ¥214.3B | ¥205.2B | ¥223.6B | ¥210B | ¥225.9B |
| Net assets | ¥131.2B | ¥125.9B | ¥132.7B | ¥132.4B | ¥143.7B |
| Share capital | ¥18.6B | ¥18.6B | ¥18.6B | ¥18.6B | ¥18.6B |
| Trade receivables | ¥22.3B | ¥23.7B | ¥30.6B | ¥27.3B | ¥28.4B |
| Property, plant and equipment | ¥85.1B | ¥86.3B | ¥80.7B | ¥80B | ¥89.3B |
| Intangible assets excluding goodwill | ¥309M | ¥839M | ¥2.02B | ¥4.08B | ¥3.71B |
| Goodwill | ¥98M | — | — | — | — |
| Investment securities | ¥10.4B | ¥10.2B | ¥13.2B | ¥10.3B | ¥10B |
| Current assets | ¥112.1B | ¥101.4B | ¥118B | ¥104.7B | ¥105.8B |
| Current liabilities | ¥70.1B | ¥51.3B | ¥64.4B | ¥51.9B | ¥57.6B |
| Trade payables | ¥20.4B | ¥22.8B | ¥23B | ¥21.6B | ¥20.6B |
| Short-term borrowings | — | — | — | — | ¥3B |
| Long-term borrowings | — | ¥10B | ¥10B | ¥10B | ¥7B |
| Bonds | — | ¥9B | ¥9B | ¥9B | ¥9B |
| Interest-bearing debt | — | — | — | — | ¥19Bderived |
| Total liabilities | ¥83.1B | ¥79.4B | ¥91B | ¥77.6B | ¥82.2B |
| Non-controlling interests | ¥1.14B | ¥1.29B | ¥1.45B | ¥1.53B | ¥1.74B |
| Equity attributable to owners of parent | ¥121.1B | ¥115.5B | ¥117.2B | ¥117.6B | ¥122.8B |
| Retained earnings | ¥97.9B | ¥83.4B | ¥86.3B | ¥87.1B | ¥92.4B |
| Treasury stock | -¥12.7B | -¥3.71B | -¥4.87B | -¥5.25B | -¥5.37B |
EDINET (FSA Japan)
有価証券報告書－第178期(2025/04/01－2026/03/31)
EDINET (FSA Japan)
有価証券報告書－第177期(2024/04/01－2025/03/31)
EDINET (FSA Japan)
有価証券報告書－第176期(2023/04/01－2024/03/31)
EDINET (FSA Japan)
有価証券報告書－第175期(2022/04/01－2023/03/31)
EDINET (FSA Japan)
有価証券報告書－第174期(令和3年4月1日－令和4年3月31日)
EDINET (FSA Japan)
有価証券報告書－第173期(令和2年4月1日－令和3年3月31日)
Extracted from XBRL: 55 / Derived from other figures: 2
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