Morinaga Milk Industry Co Ltd

Chart & Performance

D1W1MN

P/E

3.69

P/S

0.41

EPS

754.64

Div Yield, %

3.78%

Shrs. gr., 5y

-2.34%

Rev. gr., 5y

-1.28%

Revenues

547.06b

+4.08%

Net income

61.31b

+263.30%

CFO

56.58b

+191.94%

Dividend

Mar 28, 20250 JPY/sh

Earnings

Feb 07, 2025

Profile

Morinaga Milk Industry Co., Ltd., together with its subsidiaries, produces and sells various dairy products in Japan and internationally. The company offers milk, yogurt, cheese, and butter products, as well as chilled desserts, ice creams, infant formulas and baby foods, health foods, and liquid diet and nursing care foods; milk-based drinks, coffee drinks, chilled tea beverages, and various other products; and other products, such as creaming powders, condensed milks, and TOFU products. It also provides infant and toddler milk ingredients, including whey protein concentrate and lactose, as well as lactoferrin. In addition, the company is involved in the processing and packaging products, such as tofu and other soy-based products. Further, it engages in the mail-order sale of health food products; and offers hygiene management equipment. The company was formerly known as Nippon Rennyu Co., Ltd. and changed its name to Morinaga Milk Industry Co., Ltd. in 1949. Morinaga Milk Industry Co., Ltd. was founded in 1917 and is headquartered in Tokyo, Japan.

URL

https://www.morinagamilk.co.jp/

IPO date

Sep 01, 1954

Employees

7,040

Domiciled in

Incorporated in

Valuation

Order:

Title JPY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title JPY in thousands, except ratios and share amounts	2024‑03	2023‑03	2022‑03	2021‑03	2020‑03	2019‑03	2018‑03	2017‑03	2016‑03	2015‑03
Income
Revenues	547,059,000 4.08%	525,603,000 4.42%	503,354,000 -13.74%
Cost of revenue	519,219,000	507,221,000	478,652,000
Unusual Expense (Income)
NOPBT	27,840,000	18,382,000	24,702,000
NOPBT Margin	5.09%	3.50%	4.91%
Operating Taxes	27,224,000	6,699,000	14,369,000
Tax Rate	97.79%	36.44%	58.17%
NOPAT	616,000	11,683,000	10,333,000
Net income	61,307,000 263.30%	16,875,000 -50.05%	33,782,000 80.26%
Dividends	(4,071,000)	(3,616,000)	(3,464,000)
Dividend yield	1.48%	0.84%	0.67%
Proceeds from repurchase of equity	(10,000,000)	14,649,000	(32,892,000)
BB yield	3.63%	-3.39%	6.39%
Debt
Debt current	23,145,000	24,098,000	11,845,000
Long-term debt	69,180,000	80,187,000	79,643,000
Deferred revenue
Other long-term liabilities	27,510,000	24,152,000	30,846,000
Net debt	1,181,000	52,134,000	36,945,000
Cash flow
Cash from operating activities	56,583,000	19,382,000	40,268,000
CAPEX	(33,146,000)	(19,587,000)	(18,878,000)
Cash from investing activities	25,223,000	(25,463,000)	8,371,000
Cash from financing activities	(38,624,000)	2,925,000	(44,522,000)
FCF	(14,123,000)	(4,903,000)	20,918,000
Balance
Cash	64,528,000	21,096,000	23,607,000
Long term investments	26,616,000	31,055,000	30,936,000
Excess cash	63,791,050	25,870,850	29,375,300
Stockholders' equity	276,373,000	221,453,000	213,521,000
Invested Capital	332,669,950	323,809,150	288,721,700
ROIC	0.19%	3.81%	3.47%
ROCE	7.02%	5.26%	7.77%
EV
Common stock shares outstanding	88,074	90,576	98,442
Price	3,126.00 -34.47%	4,770.00 -8.80%	5,230.00 -10.14%
Market cap	275,319,324 -36.28%	432,047,520 -16.08%	514,851,660 -10.78%
EV	281,451,324	488,278,520	553,751,660
EBITDA	51,504,000	39,868,000	46,047,000
EV/EBITDA	5.46	12.25	12.03
Interest	1,291,000	710,000	747,000
Interest/NOPBT	4.64%	3.86%	3.02%