TSE:2264Food
Morinaga Milk Industry (TSE:2264) Is Down 7.9% After Ice Cream Price-Fixing Raid - What's Changed
In mid-June 2026, Japan’s Fair Trade Commission raided Morinaga Milk Industry and five other ice cream makers over suspected long-running price fixing, with all firms pledging to cooperate with the antitrust probe.
The investigation, described locally as a potential price cartel involving senior executives, raises significant questions about Morinaga’s pricing practices, governance culture, and future regulatory scrutiny.
We’ll now examine how the alleged price-fixing probe, and the scrutiny...