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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 2019 JPYUSD
Revenue205,368M1,851.91M
Gross Profit106,457M959.98M
Operating income20,160M181.79M
Income before tax16,999M153.28M
Net income12,816M115.56M
EBITDA26,093M235.29M
Diluted EPS247.132.22
Dividends Per Share660.59
Total Assets175,837M1,588.62M
Total liabilities78,639M710.47M
Total equity96,439M871.29M
Operating cash flow20,897M188.44M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 177,929M 181,868M 199,479M 205,022M 205,368M
Gross Profit 78,239M 87,357M 100,318M 104,556M 106,457M
Operating income 5,885M 11,412M 17,576M 19,721M 20,160M
Income before tax 5,855M 12,119M 15,380M 16,786M 16,999M
Net income 3,806M 8,092M 11,116M 10,288M 12,816M
EBITDA 12,674M 17,740M 23,544M 25,639M 26,093M
Diluted EPS 73.10 155.45 213.58 197.75 247.13
Dividends Per Share 30 35 45 50 66
Total Assets 156,663M 168,802M 185,032M 177,920M 175,837M
Total liabilities 87,270M 91,579M 93,263M 77,584M 78,639M
Total equity 66,326M 74,558M 89,162M 97,887M 96,439M
Operating cash flow 11,182M 16,715M 18,400M 17,788M 20,897M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 1,619.64M 1,514.50M 1,842.12M 1,849.83M 1,851.91M
Gross Profit 712.19M 727.46M 926.40M 943.37M 959.98M
Operating income 53.56M 95.03M 162.30M 177.93M 181.79M
Income before tax 53.29M 100.92M 142.02M 151.45M 153.28M
Net income 34.64M 67.38M 102.65M 92.82M 115.56M
EBITDA 115.36M 147.72M 217.42M 231.33M 235.29M
Diluted EPS 0.66 1.29 1.97 1.78 2.22
Dividends Per Share 0.27 0.29 0.41 0.45 0.59
Total Assets 1,306.34M 1,501.86M 1,660.52M 1,672.96M 1,588.62M
Total liabilities 727.70M 814.79M 836.96M 729.51M 710.47M
Total equity 553.06M 663.35M 800.16M 920.42M 871.29M
Operating cash flow 101.78M 139.19M 169.91M 160.49M 188.44M

Valuation Measures

Mar 2019
PER19.44
ROA7.24%
ROE13.19%
Operating margin9.81%
Profit margin6.24%

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%)
  • Mitsubishi UFJ Financial Group, Inc. (4.3%)
  • Invesco Advisers, Inc. (3.8%)
  • Norges Bank Investment Management (2.5%)
  • Mizuho Financial Group, Inc. (2.3%)
  • Meiji Yasuda Life Insurance Co. (2.2%)
  • Nomura Asset Management Co., Ltd. (2.2%)
  • The Vanguard Group, Inc. (1.9%)
  • Daiwa Asset Management Co. Ltd. (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 13 Dec, 2019

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