MEGMILK SNOW BRAND Co.,Ltd.

2270 雪印メグミルク株式会社

Foods · Prime · TSE: Disclosed

PRICE: ¥3,615 · MKT CAP: ¥244.7B · P/E: 17.6x · P/B: 1.00x · DIV YIELD: 2.8%

PRICE — 5Y

Characteristics & Business Summary

This entity is a publicly listed Japanese corporation. Business description details are dynamically loaded via official financial filings.

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Net Sales	615,186	558,403	584,308	605,424	615,819
Operating Profit	19,780	18,059	13,054	18,460	19,125
Ordinary Profit	21,662	19,987	14,480	19,888	20,262
Net Profit	14,913	12,068	9,129	19,430	13,904
EPS	¥220	¥178	¥135	¥287	¥205
DPS	¥40	¥60	¥60	¥80	¥100

Balance Sheet & Valuation Highlights

Total Assets ¥431B

Net Assets (Equity) ¥248B

Equity Ratio 56.8%

ROE (Return on Equity) 6.7%

Cash & Equivalents ¥21B

Interest-Bearing Debt ¥52B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥17B

Major Shareholders

1. 全国農業協同組合連合会 13.6%
2. The Master Trust Bank of Japan, Ltd. (Trust Account) 12.5%
3. Norinchukin Bank 9.9%
4. Custody Bank of Japan, Ltd. (Trust Account) 3.9%
5. Custody Bank of Japan, Ltd. (Trust Account) 3.6%
6. STATE STREET BANK AND TRUST COMPANY 3.4%
7. Employee Stock Ownership Plan 2.0%
8. ホクレン農業協同組合連合会 1.6%
9. 全国酪農業協同組合連合会 1.5%
10. State Street Bank and Trust Company 1.4%

Activist Activity

Marathon Asset Management Limited 6.06%

2026-04-06 · change

The Norinchukin Bank 6.45%

2026-01-23 · correction

The Norinchukin Bank 6.45%

2026-01-22 · change

Marathon Asset Management Limited 5.03%

2025-08-07 · initial_5pct

Marathon Asset Management Limited 4.66%

2025-07-07 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues per share	¥9,088	¥8,250	¥8,633	¥8,945	¥9,099
FCF/Share	¥392	¥435	¥396	¥450	¥312
EPS	¥220	¥178	¥135	¥287	¥205
DPS	¥40	¥60	¥60	¥80	¥100
Capital Spending per share	¥0	¥0	¥0	¥0	¥0
Book Value per share	¥2,514	¥2,643	¥2,713	¥2,940	¥3,062
Common Shares Outstanding	68M	68M	68M	68M	68M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues (Net Sales)	¥615B	¥558B	¥584B	¥605B	¥616B
Operating Margin (%)	3.2%	3.2%	2.2%	3.0%	3.1%
Net Profit (owners)	¥15B	¥12B	¥9B	¥19B	¥14B
Net Profit Margin (%)	2.4%	2.2%	1.6%	3.2%	2.3%
Working Capital	¥-39B	¥-32B	¥-30B	¥-14B	¥-9B
Total Debt (Interest-bearing)	¥74B	¥67B	¥65B	¥54B	¥52B
Net Worth (Common Equity)	¥170B	¥179B	¥184B	¥199B	¥207B
Return on Total Assets (ROA)	3.7%	3.0%	2.2%	4.5%	3.2%
Return on Common Equity (ROE)	8.8%	6.7%	5.0%	9.8%	6.7%

Business Summary & Analysis

This listed corporate entity engages in diversified business operations across Japan and international markets. Financial statements indicate significant strategic asset exposure.

Capital Strategy Targets

No active capital policy disclosure records found.