2201
Morinaga&Co.,Ltd.
森永製菓株式会社Morinaga&Co., Ltd. manufactures, purchases, and sells confectionaries, food, frozen desserts, and health products in Japan and internationally. It offers chocolates, biscuits, snacks, caramel, candies, and milk caramel crunch bars; cocoa, cake mix, beverages, gelatin, and freeze-dried products; and ice cream products. The company also provides jelly, protein bars and powders, healthcare products, and beauty care products, such as collagen moist gel. It offers its products under the Morinaga Milk Cocoa, Morinaga Ramune, Morinaga Biscuits, Chocoball, Amazake, Carré de chocolat, DARS, HI-CHEW, Morinaga Cocoa, Choco Monaka Jumbo, Vanilla Monaka Jumbo, Ita Choco Ice, ICEBOX, Morinaga Aojiru, Morinaga Collagen Drink, in BAR, and in Jelly brands. In addition, the company engages in the real estate rental and golf course management businesses. Morinaga&Co., Ltd. was founded in 1899 and is headquartered in Tokyo, Japan.
Price
¥2,492
Market Cap
¥214.3B
Ent. Value
¥206.9B
Net Cash
¥7.4B
Shares Out.
86.0M
P / E
11.8×
EV / EBIT
9.2×
P / Book
1.47×
P / NCAV
9.08×
Div. Yield
1.30%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥236.7B | ¥229.0B | ¥213.4B | ¥194.4B | ¥181.3B |
| Cost of Sales | ¥141.7B | ¥138.9B | ¥126.7B | ¥117.7B | ¥105.4B |
| Gross Profit | ¥95.0B | ¥90.0B | ¥86.7B | ¥76.7B | ¥75.8B |
| SG&A | ¥72.6B | ¥68.8B | ¥66.4B | ¥61.4B | ¥58.1B |
| Operating Income | ¥22.4B | ¥21.3B | ¥20.3B | ¥15.2B | ¥17.7B |
| Non-Operating Income | ¥763M | ¥1.4B | ¥981M | ¥861M | ¥793M |
| Dividend Income | — | ¥409M | ¥298M | ¥270M | ¥543M |
| Interest Income | — | ¥116M | ¥29M | ¥19M | ¥21M |
| Non-Operating Expenses | — | ¥392M | ¥214M | ¥339M | ¥231M |
| Interest Expense | — | ¥113M | ¥105M | ¥56M | ¥34M |
| Ordinary Income | ¥22.7B | ¥22.3B | ¥21.0B | ¥15.8B | ¥18.2B |
| Pre-tax Income | ¥25.3B | ¥24.3B | ¥20.6B | ¥13.9B | ¥39.2B |
| Income Taxes | ¥7.4B | ¥6.4B | ¥5.2B | ¥3.6B | ¥11.3B |
| Current Tax | — | ¥6.0B | ¥7.9B | ¥3.0B | ¥11.3B |
| Deferred Tax | — | ¥403M | ¥-2.7B | ¥628M | ¥-22M |
| Net Income (owners) | ¥17.8B | ¥17.7B | ¥15.2B | ¥10.1B | ¥27.8B |
| Minority Interest | — | ¥136M | ¥220M | ¥231M | ¥186M |
| Comprehensive Income | — | ¥17.2B | ¥20.4B | ¥10.5B | ¥13.0B |
| EBITDA | ¥32.6B | ¥31.2B | ¥29.8B | ¥25.4B | ¥27.8B |
| Goodwill Amort. (J-GAAP) | — | — | — | ¥98M | ¥98M |
| EPS | ¥211.07 | ¥200.85 | ¥165.60 | ¥208.77 | ¥552.59 |
| Shares Outstanding | — | 86.0M | 90.7M | 47.1M | 50.0M |
| Shares Issued (total) | — | 88.0M | 92.7M | 48.1M | 54.2M |
| Treasury Shares | — | 2.0M | 2.0M | 1.0M | 4.2M |