Results Snapshot
Figures in Million
Consolidate Annual Results
Mar'26
Mar'25
Mar'24
Mar'23
Mar'22
Mar'21
Mar'20
Net Sales
5,71,458.00
5,61,173.00
5,47,059.00
5,25,603.00
5,03,354.00
5,83,550.00
5,90,892.00
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
5,71,458.00
5,61,173.00
5,47,059.00
5,25,603.00
5,03,354.00
5,83,550.00
5,90,892.00
Raw Material Cost
4,28,198.00
4,26,120.00
4,15,100.00
4,07,308.00
3,81,077.00
3,93,478.00
4,01,538.00
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
1,560.00
1,509.00
1,291.00
710.00
747.00
707.00
743.00
Selling and Distribution Expenses
1,02,046.00
99,212.00
98,163.00
88,797.00
87,393.00
1,56,425.00
1,59,216.00
Other Expenses
517.40
467.40
466.50
484.80
434.40
407.20
403.60
Total Expenditure (Excl Depreciation)
5,36,978.00
5,31,515.00
5,19,219.00
5,01,663.00
4,73,561.00
5,54,682.00
5,65,533.00
Operating Profit (PBDIT) excl Other Income
34480
29658
27840
23940
29793
28868
25359
Other Income
4,803.00
11,997.00
66,677.00
2,264.00
22,646.00
3,124.00
7,425.00
Operating Profit (PBDIT)
63,200.00
66,321.00
1,18,181.00
47,690.00
73,784.00
52,492.00
51,357.00
Interest
1,560.00
1,509.00
1,291.00
710.00
747.00
707.00
743.00
Exceptional Items
-5,485.00
-24,858.00
-4,653.00
-1,774.00
-3,398.00
-5,288.00
-5,533.00
Gross Profit (PBDT)
1,43,260.00
1,35,053.00
1,31,959.00
1,18,295.00
1,22,277.00
1,90,072.00
1,89,354.00
Depreciation
23,917.00
24,666.00
23,664.00
21,486.00
21,345.00
20,500.00
18,573.00
Profit Before Tax
32,238.00
15,286.00
88,571.00
23,719.00
48,296.00
25,998.00
26,506.00
Tax
9,454.00
10,633.00
27,224.00
6,699.00
14,369.00
7,095.00
7,687.00
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
22,599.00
5,459.00
61,308.00
16,875.00
33,783.00
18,742.00
18,657.00
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
22,599.00
5,459.00
61,308.00
16,875.00
33,783.00
18,742.00
18,657.00
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
185.00
-807.00
39.00
144.00
143.00
161.00
162.00
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
22,784.00
4,652.00
61,347.00
17,019.00
33,926.00
18,903.00
18,819.00
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Reserves
2,74,755.00
2,66,326.00
2,77,184.00
2,23,027.00
2,06,071.00
1,99,558.00
1,81,487.00
Earnings per share (EPS)
275.78
64.52
696.09
186.31
343.17
189.01
188.18
Diluted Earnings per share
275.78
64.52
696.09
186.31
343.17
189.01
188.18
Operating Profit Margin (Excl OI)
6.03%
5.29%
5.09%
4.55%
5.92%
4.95%
4.29%
Gross Profit Margin
9.83%
7.12%
20.52%
8.6%
13.84%
7.97%
7.63%
PAT Margin
3.95%
0.97%
11.21%
3.21%
6.71%
3.21%
3.16%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Mar 2026 is 1.83% vs 2.58% in Mar 2025
Consolidate Net Profit
YoY Growth in year ended Mar 2026 is 389.77% vs -92.42% in Mar 2025
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Mar 2026 is 7.50% vs 5.48% in Mar 2025
Interest
YoY Growth in year ended Mar 2026 is 3.38% vs 16.89% in Mar 2025
Operating Profit Margin (Excl OI)
YoY Growth in year ended Mar 2026 has improved from Mar 2025
Compare Annual Results Of Morinaga Milk Industry Co., Ltd. With
Figures in Million
Consolidate Annual Results
Change(JPY)
Change(%)
Net Sales
5,71,458.00
3,61,390.00
2,10,068.00
58.13%
Other Operating Income
0.00
0.00
0.00
Total Operating income
5,71,458.00
3,61,390.00
2,10,068.00
58.13%
Raw Material Cost
4,28,198.00
2,33,831.00
1,94,367.00
83.12%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
0.00
0.00
0.00
Power Cost
0
0
0.00
Manufacturing Expenses
1,560.00
118.00
1,442.00
1,222.03%
Selling and Distribution Expenses
1,02,046.00
1,12,870.00
-10,824.00
-9.59%
Other Expenses
517.40
589.80
-72.40
-12.28%
Total Expenditure (Excl Depreciation)
5,36,978.00
3,52,717.00
1,84,261.00
52.24%
Operating Profit (PBDIT) excl Other Income
34,480.00
8,673.00
25,807.00
297.56%
Other Income
4,803.00
4,999.00
-196.00
-3.92%
Operating Profit (PBDIT)
63,200.00
33,708.00
29,492.00
87.49%
Interest
1,560.00
118.00
1,442.00
1,222.03%
Exceptional Items
-5,485.00
-5,454.00
-31.00
-0.57%
Gross Profit (PBDT)
1,43,260.00
1,27,559.00
15,701.00
12.31%
Depreciation
23,917.00
20,036.00
3,881.00
19.37%
Profit Before Tax
32,238.00
8,099.00
24,139.00
298.05%
Tax
9,454.00
3,013.00
6,441.00
213.77%
Provisions and contingencies
0
0
0.00
Profit After Tax
22,599.00
5,037.00
17,562.00
348.66%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
22,599.00
5,037.00
17,562.00
348.66%
Share in Profit of Associates
0
0
0.00
Minority Interest
185.00
48.00
137.00
285.42%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
22,784.00
5,085.00
17,699.00
348.06%
Equity Capital
0
0
0.00
Face Value
0.00
0.00
0.00
Reserves
2,74,755.00
2,77,905.00
-3,150.00
-1.13%
Earnings per share (EPS)
275.78
79.11
196.67
248.60%
Diluted Earnings per share
275.78
79.11
196.67
248.60%
Operating Profit Margin (Excl OI)
6.03%
2.40%
0.00
3.63%
Gross Profit Margin
9.83%
7.79%
0.00
2.04%
PAT Margin
3.95%
1.39%
0.00
2.56%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 57,145.80 Million
in Mar 2026Figures in Million
YoY Growth in year ended Mar 2026 is 1.83% vs 2.58% in Mar 2025
Annual - Consolidate Net Profit
Consolidate Net Profit 2,278.40 Million
in Mar 2026Figures in Million
YoY Growth in year ended Mar 2026 is 389.77% vs -92.42% in Mar 2025
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 5,839.70 Million
in Mar 2026Figures in Million
YoY Growth in year ended Mar 2026 is 7.50% vs 5.48% in Mar 2025
Annual - Interest
Interest 156.00 Million
in Mar 2026Figures in Million
YoY Growth in year ended Mar 2026 is 3.38% vs 16.89% in Mar 2025
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 6.03%
in Mar 2026Figures in %
YoY Growth in year ended Mar 2026 has improved from Mar 2025






