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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 2022 JPYUSD
Revenue181,251M1,612.94M
Gross Profit75,714M673.77M
Operating income17,574M156.39M
Income before tax39,216M348.98M
Net income27,773M247.15M
EBITDA27,704M246.53M
Diluted EPS552.584.91
Dividends Per Share900.80
Total Assets220,873M1,819.75M
Total liabilities89,696M738.99M
Total equity130,035M1,071.34M
Operating cash flow24,825M220.91M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 205,022M 205,368M 208,878M 168,240M 181,251M
Gross Profit 104,556M 106,457M 110,048M 72,445M 75,714M
Operating income 19,721M 20,160M 21,148M 19,047M 17,574M
Income before tax 16,786M 16,999M 15,437M 18,959M 39,216M
Net income 10,288M 12,816M 10,824M 13,417M 27,773M
EBITDA 25,639M 26,093M 27,476M 27,054M 27,704M
Diluted EPS 197.75 247.13 215.18 266.72 552.58
Dividends Per Share 50 66 72 80 90
Total Assets 177,920M 175,837M 188,060M 202,910M 220,873M
Total liabilities 77,584M 78,639M 82,569M 79,199M 89,696M
Total equity 97,887M 96,439M 104,666M 122,791M 130,035M
Operating cash flow 17,788M 20,897M 20,994M 12,127M 24,825M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,849.83M 1,851.91M 1,921.14M 1,586.31M 1,612.94M
Gross Profit 943.37M 959.98M 1,012.16M 683.07M 673.77M
Operating income 177.93M 181.79M 194.50M 179.59M 156.39M
Income before tax 151.45M 153.28M 141.98M 178.76M 348.98M
Net income 92.82M 115.56M 99.55M 126.50M 247.15M
EBITDA 231.33M 235.29M 252.70M 255.08M 246.53M
Diluted EPS 1.78 2.22 1.97 2.51 4.91
Dividends Per Share 0.45 0.59 0.66 0.75 0.80
Total Assets 1,672.96M 1,588.62M 1,742.02M 1,836.28M 1,819.75M
Total liabilities 729.51M 710.47M 764.84M 716.73M 738.99M
Total equity 920.42M 871.29M 969.53M 1,111.23M 1,071.34M
Operating cash flow 160.49M 188.44M 193.09M 114.34M 220.91M

Valuation Measures

Mar 2022
PER6.89
ROA13.10%
ROE21.97%
Operating margin9.69%
Profit margin15.32%

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. (9.9%)
  • Morinaga & Co., Ltd. Business Association (6.0%)
  • Silchester International Investors LLP (5.0%)
  • Mitsubishi UFJ Financial Group, Inc. (4.3%)
  • Nomura Asset Management Co., Ltd. (2.7%)
  • Mizuho Financial Group, Inc. (2.3%)
  • Meiji Yasuda Life Insurance Co. (2.2%)
  • Asset Management One Co., Ltd. (2.1%)
  • The Vanguard Group, Inc. (1.7%)
  • Massachusetts Financial Services Co. (1.6%)

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 16 Aug, 2022

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