Dashboard
1
High Management Efficiency with a high ROE of 13.64%
2
Company has very low debt and has enough cash to service the debt requirements
3
Poor long term growth as Net Sales has grown by an annual rate of 1.85% and Operating profit at 0.06% over the last 5 years
4
Flat results in Jun 25
5
With ROE of 14.12%, it has a very attractive valuation with a 1.65 Price to Book Value
6
Consistent Underperformance against the benchmark over the last 3 years
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-4.32%
0%
-4.32%
6 Months
9.75%
0%
9.75%
1 Year
-6.64%
0%
-6.64%
2 Years
-2.1%
0%
-2.1%
3 Years
-32.33%
0%
-32.33%
4 Years
-31.07%
0%
-31.07%
5 Years
-33.71%
0%
-33.71%
Morinaga & Co., Ltd. for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
1.85%
EBIT Growth (5y)
0.06%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.09
Sales to Capital Employed (avg)
1.46
Tax Ratio
26.51%
Dividend Payout Ratio
29.87%
Pledged Shares
0
Institutional Holding
0.06%
ROCE (avg)
18.52%
ROE (avg)
13.64%
Valuation key factors
Factor
Value
P/E Ratio
12
Industry P/E
Price to Book Value
1.65
EV to EBIT
9.60
EV to EBITDA
6.55
EV to Capital Employed
1.71
EV to Sales
0.89
PEG Ratio
0.98
Dividend Yield
0.01%
ROCE (Latest)
17.81%
ROE (Latest)
14.12%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Mildly Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
No Trend
No Trend
Shareholding Snapshot : Jun 2021
Shareholding Compare (%holding) 
Majority shareholders
Strategic Entities
Domestic Funds
Held in 0 Schemes (0%)
Foreign Institutions
Held by 0 Foreign Institutions (0%)
Strategic Entities with highest holding
Highest Public shareholder
Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ
Jun'25
Mar'25
Change(%)
Net Sales
60,253.00
52,373.00
15.05%
Operating Profit (PBDIT) excl Other Income
9,549.00
4,496.00
112.39%
Interest
30.00
30.00
Exceptional Items
0.00
176.00
-100.00%
Consolidate Net Profit
5,078.00
4,129.00
22.98%
Operating Profit Margin (Excl OI)
117.70%
34.90%
8.28%
USD in Million.
Net Sales
QoQ Growth in quarter ended Jun 2025 is 15.05% vs -9.29% in Mar 2025
Consolidated Net Profit
QoQ Growth in quarter ended Jun 2025 is 22.98% vs 38.05% in Mar 2025
Annual Results Snapshot (Consolidated) - Mar'25
Mar'25
Mar'24
Change(%)
Net Sales
228,957.00
213,368.00
7.31%
Operating Profit (PBDIT) excl Other Income
31,161.00
29,726.00
4.83%
Interest
113.00
105.00
7.62%
Exceptional Items
-1,003.00
-1,722.00
41.75%
Consolidate Net Profit
17,846.00
15,374.00
16.08%
Operating Profit Margin (Excl OI)
92.80%
94.80%
-0.20%
USD in Million.
Net Sales
YoY Growth in year ended Mar 2025 is 7.31% vs 9.77% in Mar 2024
Consolidated Net Profit
YoY Growth in year ended Mar 2025 is 16.08% vs 49.39% in Mar 2024
About Morinaga & Co., Ltd. 
Morinaga & Co., Ltd.
FMCG
No Details Available.
Company Coordinates 
No Company Details Available






