Morinaga Milk Industry Co., Ltd.

TSE:2264 Stock Report

Market Cap: JP¥241.0b

Morinaga Milk Industry Past Earnings Performance

Past criteria checks 1/6

Morinaga Milk Industry has been growing earnings at an average annual rate of 20.5%, while the Food industry saw earnings growing at 8.5% annually. Revenues have been declining at an average rate of 2.1% per year. Morinaga Milk Industry's return on equity is 4.1%, and it has net margins of 2.1%.

Key information

20.5%

Earnings growth rate

23.3%

EPS growth rate

Food Industry Growth4.1%
Revenue growth rate-2.1%
Return on equity4.1%
Net Margin2.1%
Next Earnings Update12 Feb 2025

Recent past performance updates

There May Be Some Bright Spots In Morinaga Milk Industry's (TSE:2264) Earnings

Nov 21
There May Be Some Bright Spots In Morinaga Milk Industry's (TSE:2264) Earnings

Recent updates

There May Be Some Bright Spots In Morinaga Milk Industry's (TSE:2264) Earnings

Nov 21
There May Be Some Bright Spots In Morinaga Milk Industry's (TSE:2264) Earnings

An Intrinsic Calculation For Morinaga Milk Industry Co., Ltd. (TSE:2264) Suggests It's 28% Undervalued

Oct 30
An Intrinsic Calculation For Morinaga Milk Industry Co., Ltd. (TSE:2264) Suggests It's 28% Undervalued

Does Morinaga Milk Industry (TSE:2264) Have A Healthy Balance Sheet?

Oct 11
Does Morinaga Milk Industry (TSE:2264) Have A Healthy Balance Sheet?

Return Trends At Morinaga Milk Industry (TSE:2264) Aren't Appealing

Sep 11
Return Trends At Morinaga Milk Industry (TSE:2264) Aren't Appealing

An Intrinsic Calculation For Morinaga Milk Industry Co., Ltd. (TSE:2264) Suggests It's 41% Undervalued

Jul 27
An Intrinsic Calculation For Morinaga Milk Industry Co., Ltd. (TSE:2264) Suggests It's 41% Undervalued

Morinaga Milk Industry Co., Ltd.'s (TSE:2264) Price Is Right But Growth Is Lacking

Jul 12
Morinaga Milk Industry Co., Ltd.'s (TSE:2264) Price Is Right But Growth Is Lacking

Additional Considerations Required While Assessing Morinaga Milk Industry's (TSE:2264) Strong Earnings

May 22
Additional Considerations Required While Assessing Morinaga Milk Industry's (TSE:2264) Strong Earnings

Returns On Capital At Morinaga Milk Industry (TSE:2264) Have Stalled

Apr 15
Returns On Capital At Morinaga Milk Industry (TSE:2264) Have Stalled

Improved Earnings Required Before Morinaga Milk Industry Co., Ltd. (TSE:2264) Shares Find Their Feet

Feb 28
Improved Earnings Required Before Morinaga Milk Industry Co., Ltd. (TSE:2264) Shares Find Their Feet

Revenue & Expenses Breakdown

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

Earnings and Revenue History

TSE:2264 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24551,07811,842106,7310
30 Jun 24547,95513,704105,7950
31 Mar 24547,05961,307104,1190
31 Dec 23543,62067,54598,8690
30 Sep 23542,22167,57196,9880
30 Jun 23535,04166,87594,4970
31 Mar 23525,60316,87594,3550
31 Dec 22520,16024,57194,1310
30 Sep 22511,97025,01893,8720
30 Jun 22505,45927,46093,0670
31 Mar 22503,35433,78292,4840
31 Dec 21518,36923,254107,0310
30 Sep 21539,58024,327124,5780
30 Jun 21562,86823,211143,4870
31 Mar 21583,55018,741161,2040
31 Dec 20584,87720,645161,7700
30 Sep 20583,41020,249161,7650
30 Jun 20587,01219,146163,0860
31 Mar 20590,89218,656163,9950
31 Dec 19586,62515,230163,5420
30 Sep 19584,96914,473162,9850
30 Jun 19585,86014,342162,8590
31 Mar 19583,58214,017162,9130
31 Dec 18586,50312,449164,1620
30 Sep 18586,73711,600165,5030
30 Jun 18588,68612,141167,3500
31 Mar 18592,08715,781168,2630
31 Dec 17593,38915,384170,7100
30 Sep 17593,69716,932171,2000
30 Jun 17593,00616,399171,9250
31 Mar 17592,61713,202172,2310
31 Dec 16592,42713,660170,2180
30 Sep 16593,89214,892169,2570
30 Jun 16598,18612,013167,9970
31 Mar 16601,49910,576167,7280
31 Dec 15601,92611,314165,2000
30 Sep 15602,3606,626165,2030
30 Jun 15597,9216,246165,2270
31 Mar 15594,8344,164165,7460
31 Dec 14596,5073,762166,5620
30 Sep 14594,1353,318166,3210
30 Jun 14599,2172,841166,4290
31 Mar 14599,2734,839165,4460

Quality Earnings: 2264 has a large one-off loss of ¥6.9B impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: 2264's current net profit margins (2.1%) are lower than last year (12.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 2264's earnings have grown significantly by 20.5% per year over the past 5 years.

Accelerating Growth: 2264's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2264 had negative earnings growth (-82.5%) over the past year, making it difficult to compare to the Food industry average (19.5%).

Return on Equity

High ROE: 2264's Return on Equity (4.1%) 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 Analysis2025/01/06 04:17
End of Day Share Price 2025/01/06 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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 here.

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 .

Analyst Sources

Morinaga Milk Industry Co., Ltd. is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shumpei KanekoBofA Global Research
Tokushi YamasakiDaiwa Securities Co. Ltd.
Ami YoshidaJ.P. Morgan