Morinaga Milk IndustryMORINAGA MILK INDUSTRY CO.,LTD2264東証プライム食料品FY ending Mar 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +1.8% from the prior year, operating profit +16.3%.
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 | 6.7% | 1.10× | 7.4% | 2.29× | 16.9% |
| 2023 | 3.2% | 1.11× | 3.6% | 2.28× | 8.1% |
| 2024 | 11.2% | 1.04× | 11.6% | 2.22× | 25.8% |
| 2025 | 1.0% | 1.03× | 1.0% | 2.14× | 2.2% |
| 2026 | 4.0% | 1.07× | 4.2% | 2.14× | 9.1% |
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 | 503,354 | 525,603 | 547,059 | 561,173 | 571,458 |
| Cost of revenue | 381,077 | 407,308 | 415,100 | 426,120 | 428,198 |
| Gross profit | 122,277 | 118,295 | 131,958 | 135,053 | 143,260 |
| SG&A | 92,484 | 94,355 | 104,119 | 105,395 | 108,780 |
| Operating income | 29,792 | 23,939 | 27,839 | 29,658 | 34,479 |
| Pretax income | 48,296 | 23,719 | 88,571 | 15,286 | 32,238 |
| Income tax | 14,369 | 6,699 | 27,224 | 10,633 | 9,454 |
| Net income attributable to owners | 33,782 | 16,875 | 61,307 | 5,459 | 22,599 |
| Operating margin | 5.9% | 4.6% | 5.1% | 5.3% | 6.0% |
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 | ¥23.5B | ¥21B | ¥64.5B | ¥28.6B | ¥26.1B |
| Total assets | ¥458.8B | ¥487.4B | ¥566B | ¥520.4B | ¥547.1B |
| Net assets | ¥208B | ¥228.2B | ¥282.1B | ¥271.1B | ¥279.7B |
| Share capital | ¥21.8B | ¥21.8B | ¥21.8B | ¥21.8B | ¥21.8B |
| Property, plant and equipment | ¥247.4B | ¥249.4B | ¥269B | ¥274B | ¥290.6B |
| Intangible assets excluding goodwill | ¥9.73B | ¥22.9B | ¥27.3B | ¥12B | ¥11.6B |
| Goodwill | ¥2.07B | ¥9.96B | ¥10.2B | ¥417M | ¥383M |
| Investment securities | ¥21.6B | ¥21.8B | ¥26.4B | ¥19.7B | ¥21.4B |
| Current assets | ¥164.1B | ¥179.2B | ¥229B | ¥198.1B | ¥205.3B |
| Current liabilities | ¥142.5B | ¥156.6B | ¥192.7B | ¥170.1B | ¥148.6B |
| Trade payables | ¥52.1B | ¥53.8B | ¥57.2B | ¥53.5B | ¥54.8B |
| Short-term borrowings | ¥3.08B | ¥5.23B | ¥4.52B | ¥3.55B | ¥3.04B |
| Long-term borrowings | ¥26.1B | ¥20.2B | ¥14.2B | ¥10.5B | ¥29.9B |
| Bonds | ¥50B | ¥55B | ¥45B | ¥50B | ¥70B |
| Interest-bearing debt | ¥79.1Bderived | ¥80.4Bderived | ¥63.7Bderived | ¥64.1Bderived | ¥102.9Bderived |
| Total liabilities | ¥250.8B | ¥259.2B | ¥283.9B | ¥249.3B | ¥267.4B |
| Non-controlling interests | ¥1.96B | ¥5.22B | ¥4.95B | ¥4.78B | ¥4.99B |
| Equity attributable to owners of parent | ¥200.2B | ¥214B | ¥261.3B | ¥246.3B | ¥251.5B |
| Retained earnings | ¥183.9B | ¥186.5B | ¥233.7B | ¥220.2B | ¥225.3B |
| Treasury stock | -¥25.5B | -¥14.3B | -¥14.2B | -¥15.4B | -¥15.2B |
EDINET (FSA Japan)
有価証券報告書－第103期(2025/04/01－2026/03/31)
EDINET (FSA Japan)
訂正有価証券報告書－第102期(2024/04/01－2025/03/31)
EDINET (FSA Japan)
訂正有価証券報告書－第101期(2023/04/01－2024/03/31)
EDINET (FSA Japan)
有価証券報告書－第100期(2022/04/01－2023/03/31)
EDINET (FSA Japan)
有価証券報告書－第99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98期(令和2年4月1日－令和3年3月31日)
Extracted from XBRL: 56 / Derived from other figures: 2
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