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Consumer Non-Durables

Morinaga & Co., Ltd.

Business Summary

Morinaga & Co., Ltd. engages in the manufacture, purchase, and sale of confectioneries. It operates through the following business segments: Food Manufacturing, Food Merchandise and Restaurant, Real Estate and Services, and Others. The Food Manufacturing segment manufactures and distributes confectioneries, foodstuffs, frozen desserts, and health products. The Food Merchandise and Restaurant segment involves with the operation of restaurants. The Real Estate and Services segment deals with real estate business and operation of golf courses. The Others segment includes the manufacture and sale of research reagents. The company was founded by Taichiro Morinaga on August 15, 1899 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2020 JPYUSD
Revenue208,878M1,921.14M
Gross Profit110,048M1,012.16M
Operating income21,148M194.50M
Income before tax15,437M141.98M
Net income10,824M99.55M
EBITDA27,476M252.70M
Diluted EPS215.181.97
Dividends Per Share720.66
Total Assets188,060M1,742.02M
Total liabilities82,569M764.84M
Total equity104,666M969.53M
Operating cash flow20,994M193.09M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 181,868M 199,479M 205,022M 205,368M 208,878M
Gross Profit 87,357M 100,318M 104,556M 106,457M 110,048M
Operating income 11,412M 17,576M 19,721M 20,160M 21,148M
Income before tax 12,119M 15,380M 16,786M 16,999M 15,437M
Net income 8,092M 11,116M 10,288M 12,816M 10,824M
EBITDA 17,740M 23,544M 25,639M 26,093M 27,476M
Diluted EPS 155.45 213.58 197.75 247.13 215.18
Dividends Per Share 35 45 50 66 72
Total Assets 168,802M 185,032M 177,920M 175,837M 188,060M
Total liabilities 91,579M 93,263M 77,584M 78,639M 82,569M
Total equity 74,558M 89,162M 97,887M 96,439M 104,666M
Operating cash flow 16,715M 18,400M 17,788M 20,897M 20,994M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 1,514.50M 1,842.12M 1,849.83M 1,851.91M 1,921.14M
Gross Profit 727.46M 926.40M 943.37M 959.98M 1,012.16M
Operating income 95.03M 162.30M 177.93M 181.79M 194.50M
Income before tax 100.92M 142.02M 151.45M 153.28M 141.98M
Net income 67.38M 102.65M 92.82M 115.56M 99.55M
EBITDA 147.72M 217.42M 231.33M 235.29M 252.70M
Diluted EPS 1.29 1.97 1.78 2.22 1.97
Dividends Per Share 0.29 0.41 0.45 0.59 0.66
Total Assets 1,501.86M 1,660.52M 1,672.96M 1,588.62M 1,742.02M
Total liabilities 814.79M 836.96M 729.51M 710.47M 764.84M
Total equity 663.35M 800.16M 920.42M 871.29M 969.53M
Operating cash flow 139.19M 169.91M 160.49M 188.44M 193.09M

Valuation Measures

Mar 2020
PER20.54
ROA5.94%
ROE10.76%
Operating margin10.12%
Profit margin5.18%

Key executives

  • President & Representative Director: Eijiro Ota
  • Executive Officer & Manager-Personnel: Masaaki Takahashi
  • Director & Senior Executive Officer: Shinya Mori
  • Director, Senior Executive Officer & GM-Production: Takashi Hirakue
  • Director & Senior Executive Officer: Daisuke Fujii

Shareholders

  • Morinaga & Co., Ltd. (7.1%)
  • Morinaga & Co., Ltd. Business Association (5.8%)
  • AllianceBernstein LP (5.2%)
  • Mitsubishi UFJ Financial Group, Inc. (4.3%)
  • Nomura Asset Management Co., Ltd. (2.6%)
  • Mizuho Financial Group, Inc. (2.3%)
  • Meiji Yasuda Life Insurance Co. (2.2%)
  • The Vanguard Group, Inc. (2.0%)
  • Daiwa Asset Management Co. Ltd. (1.5%)
  • Artisan Partners LP (1.3%)

Contact Details

Related Companies

  • Morinaga & Co. Board Incentive Plan
  • Morinaga (Zhejiang) Co. Ltd.
  • Taiwan Morinaga Co. Ltd.
  • Morinaga America Foods,Inc.
  • Morinaga America, Inc.
  • Morinaga & Co. Trust
  • Shanghai Morinaga Co. Ltd.
  • Morinaga Development Co. Ltd.
  • Morinaga Snack Co. Ltd.
  • Morinaga Service & Co. Ltd.
  • Morinaga Dessert Co. Ltd.
  • Morinaga Angel Dessert Co. Ltd.
  • Morinaga Shoji Co. Ltd.
  • Morinaga Institute of Biological Science, Inc.
  • Kofu Bell Foods KK
  • Aunt Stella, Inc.
  • Morinaga & Co. Pension Fund
  • Morinaga Employee Stock Ownership Plan
  • Morinaga & Co., Ltd. Business Association

Competitors

  • Cell Biotech Co., Ltd
Last Updated on 18 Sep, 2020

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