Dashboard
1
High Management Efficiency with a high ROCE of 9.29%
2
Poor long term growth as Net Sales has grown by an annual rate of -1.03% over the last 5 years
3
The company has declared positive results in Mar'2025 after 4 consecutive negative quarters
4
With ROCE of 8.79%, it has a very attractive valuation with a 1.08 Enterprise value to Capital Employed
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
3.24%
0%
3.24%
6 Months
11.45%
0%
11.45%
1 Year
23.26%
0%
23.26%
2 Years
31.69%
0%
31.69%
3 Years
-18.05%
0%
-18.05%
4 Years
-33.83%
0%
-33.83%
5 Years
-27.69%
0%
-27.69%
Morinaga Milk Industry 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)
-1.03%
EBIT Growth (5y)
3.18%
EBIT to Interest (avg)
31.13
Debt to EBITDA (avg)
1.39
Net Debt to Equity (avg)
0.27
Sales to Capital Employed (avg)
1.49
Tax Ratio
69.56%
Dividend Payout Ratio
139.33%
Pledged Shares
0
Institutional Holding
0.05%
ROCE (avg)
9.29%
ROE (avg)
14.24%
Valuation key factors
Factor
Value
P/E Ratio
10
Industry P/E
Price to Book Value
1.10
EV to EBIT
12.29
EV to EBITDA
6.78
EV to Capital Employed
1.08
EV to Sales
0.65
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
8.79%
ROE (Latest)
10.66%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Mildly Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
No Trend
Shareholding Snapshot : Dec 2011
Shareholding Compare (%holding) 
Majority shareholders
Foreign Institutions
Domestic Funds
Held in 0 Schemes (0%)
Foreign Institutions
Held by 1 Foreign Institutions (0.05%)
Strategic Entities with highest holding
Highest Public shareholder
Quarterly Results Snapshot (Consolidated) - Jun'25 - YoY
Jun'25
Jun'24
Change(%)
Net Sales
143,678.00
140,637.00
2.16%
Operating Profit (PBDIT) excl Other Income
14,712.00
14,543.00
1.16%
Interest
289.00
350.00
-17.43%
Exceptional Items
946.00
-1,223.00
177.35%
Consolidate Net Profit
6,935.00
5,305.00
30.73%
Operating Profit Margin (Excl OI)
61.50%
60.20%
0.13%
USD in Million.
Net Sales
YoY Growth in quarter ended Jun 2025 is 2.16% vs 0.64% in Jun 2024
Consolidated Net Profit
YoY Growth in quarter ended Jun 2025 is 30.73% vs -89.99% in Jun 2024
Annual Results Snapshot (Consolidated) - Mar'25
Mar'25
Mar'24
Change(%)
Net Sales
561,173.00
547,059.00
2.58%
Operating Profit (PBDIT) excl Other Income
54,324.00
51,504.00
5.48%
Interest
1,509.00
1,291.00
16.89%
Exceptional Items
-24,858.00
-4,653.00
-434.24%
Consolidate Net Profit
4,652.00
61,347.00
-92.42%
Operating Profit Margin (Excl OI)
52.90%
50.90%
0.20%
USD in Million.
Net Sales
YoY Growth in year ended Mar 2025 is 2.58% vs 4.08% in Mar 2024
Consolidated Net Profit
YoY Growth in year ended Mar 2025 is -92.42% vs 260.46% in Mar 2024
About Morinaga Milk Industry Co., Ltd. 
Morinaga Milk Industry Co., Ltd.
FMCG
No Details Available.
Company Coordinates 
No Company Details Available






