Morinaga&Co., Ltd.

TSE:2201 Stock Report

Market Cap: JP¥206.4b

Morinaga&Co Past Earnings Performance

Past criteria checks 2/6

Morinaga&Co's earnings have been declining at an average annual rate of -0.5%, while the Food industry saw earnings growing at 10.3% annually. Revenues have been growing at an average rate of 5.3% per year. Morinaga&Co's return on equity is 12.5%, and it has net margins of 7.5%.

Key information

-0.51%

Earnings growth rate

3.68%

EPS growth rate

Food Industry Growth4.08%
Revenue growth rate5.33%
Return on equity12.48%
Net Margin7.51%
Next Earnings Update06 Aug 2026

Recent past performance updates

Analysis Article • May 21

Solid Earnings May Not Tell The Whole Story For Morinaga&Co (TSE:2201)

The stock price didn't jump after Morinaga&Co., Ltd. ( TSE:2201 ) posted decent earnings last week. We think that...
Analysis Article • Nov 19

Morinaga&Co's (TSE:2201) Earnings Are Weaker Than They Seem

Morinaga&Co., Ltd. ( TSE:2201 ) announced strong profits, but the stock was stagnant. Our analysis suggests that this...

Recent updates

Analysis Article • May 21

Solid Earnings May Not Tell The Whole Story For Morinaga&Co (TSE:2201)

The stock price didn't jump after Morinaga&Co., Ltd. ( TSE:2201 ) posted decent earnings last week. We think that...
Analysis Article • Nov 19

Morinaga&Co's (TSE:2201) Earnings Are Weaker Than They Seem

Morinaga&Co., Ltd. ( TSE:2201 ) announced strong profits, but the stock was stagnant. Our analysis suggests that this...
Analysis Article • May 16

Additional Considerations Required While Assessing Morinaga&Co's (TSE:2201) Strong Earnings

Morinaga&Co., Ltd. ( TSE:2201 ) announced strong profits, but the stock was stagnant. We did some digging, and we found...
Analysis Article • Feb 27

Morinaga&Co (TSE:2201) Is Paying Out A Larger Dividend Than Last Year

Morinaga&Co., Ltd. ( TSE:2201 ) will increase its dividend from last year's comparable payment on the 30th of June to...
Analysis Article • Feb 10

Morinaga&Co (TSE:2201) Has Announced That It Will Be Increasing Its Dividend To ¥60.00

The board of Morinaga&Co., Ltd. ( TSE:2201 ) has announced that it will be paying its dividend of ¥60.00 on the 30th of...
Analysis Article • Nov 14

Morinaga&Co (TSE:2201) Is Increasing Its Dividend To ¥60.00

The board of Morinaga&Co., Ltd. ( TSE:2201 ) has announced that it will be paying its dividend of ¥60.00 on the 30th of...
Analysis Article • Oct 25

Does Morinaga&Co (TSE:2201) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Oct 09

An Intrinsic Calculation For Morinaga&Co., Ltd. (TSE:2201) Suggests It's 37% Undervalued

Key Insights Morinaga&Co's estimated fair value is JP¥4,596 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article • Jul 13

Morinaga&Co., Ltd.'s (TSE:2201) Earnings Haven't Escaped The Attention Of Investors

There wouldn't be many who think Morinaga&Co., Ltd.'s ( TSE:2201 ) price-to-earnings (or "P/E") ratio of 15.5x is worth...
Analysis Article • Apr 19

Returns On Capital At Morinaga&Co (TSE:2201) Have Hit The Brakes

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Analysis Article • Mar 20

Risks To Shareholder Returns Are Elevated At These Prices For Morinaga&Co., Ltd. (TSE:2201)

It's not a stretch to say that Morinaga&Co., Ltd.'s ( TSE:2201 ) price-to-earnings (or "P/E") ratio of 16x right now...
Analysis Article • Mar 05

Is Morinaga&Co (TSE:2201) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Revenue & Expenses Breakdown

How Morinaga&Co makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:2201 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26236,67217,76572,5650
31 Dec 25234,00719,66371,2380
30 Sep 25231,98118,11070,5280
30 Jun 25232,28217,87669,7500
31 Mar 25228,95717,71068,7790
31 Dec 24226,15514,77069,6400
30 Sep 24222,60515,52569,2760
30 Jun 24219,20415,71267,7560
31 Mar 24213,36815,15466,4160
31 Dec 23210,30115,18763,9800
30 Sep 23205,54713,73562,7810
30 Jun 23198,66210,97361,9410
31 Mar 23194,37310,05961,4150
31 Dec 22190,45724,11561,4910
30 Sep 22186,26324,81360,9010
30 Jun 22183,49126,35159,6400
31 Mar 22181,25127,77358,1400
31 Dec 21184,45213,72363,8890
30 Sep 21192,32214,63471,3960
30 Jun 21196,94814,25079,9400
31 Mar 21199,99013,40586,4840
31 Dec 20202,2579,74887,4090
30 Sep 20202,9799,98687,2840
30 Jun 20204,05310,35486,9960
31 Mar 20208,87810,82488,9000
31 Dec 19207,69413,78187,0240
30 Sep 19207,63314,28787,0300
30 Jun 19207,51014,35386,8780
31 Mar 19205,36812,81686,2970
31 Dec 18205,60010,55386,6790
30 Sep 18203,6899,31385,9110
30 Jun 18203,2488,86485,4530
31 Mar 18205,02210,28984,8350
31 Dec 17206,54411,41586,4530
30 Sep 17206,53111,94585,5480
30 Jun 17203,89011,65284,3160
31 Mar 17199,47911,11582,7420
31 Dec 16194,06412,14179,5420
30 Sep 16189,02210,94577,5280
30 Jun 16185,1249,53176,5200
31 Mar 16181,8688,09276,1420
31 Dec 15181,3848,15272,0650
30 Sep 15180,7877,10272,4380
30 Jun 15179,1635,59372,0020

Quality Earnings: 2201 has high quality earnings.

Growing Profit Margin: 2201's current net profit margins (7.5%) are lower than last year (7.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 2201's earnings have declined by 0.5% per year over the past 5 years.

Accelerating Growth: 2201's earnings growth over the past year (0.3%) exceeds its 5-year average (-0.5% per year).

Earnings vs Industry: 2201 earnings growth over the past year (0.3%) did not outperform the Food industry 8.6%.

Return on Equity

High ROE: 2201's Return on Equity (12.5%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/08 14:46
End of Day Share Price 2026/06/08 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Morinaga&Co., Ltd. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Satoshi FujiwaraJ.P. Morgan
Satsuki KawasakiMacquarie Research
Sho KamiguchiNomura Securities Co. Ltd.