
Morinaga Milk Industry Co., Ltd.
2264.TJPXConsumer DefensivePackaged Foods
Latest quote
¥1,177
+¥1.00 · +0.09%
2264.T company overview
Regular session · JST · Market data may be delayed.
Company profile
Company websiteOperating both domestically in Japan and across global markets, Morinaga Milk Industry Co., Ltd., along with its affiliated companies, specializes in the production and distribution of a wide array of dairy goods. Its extensive product portfolio encompasses staple dairy items like milk, yogurt, cheese, and butter. Beyond these, it extends to include chilled sweet treats, frozen desserts, specialized nutrition such as infant formulas and baby foods, health-focused dietary supplements, and dietary products for medical or elderly care. The beverage segment features a variety of milk-based drinks, coffee concoctions, and refreshing chilled teas. Furthermore, Morinaga supplies creaming powders, condensed milks, and even TOFU products. The firm also provides key ingredients for infant and toddler nutrition, specifically whey protein concentrate, lactose, and lactoferrin. Its operations additionally span the processing and packaging of various items, notably tofu and other soy-derived goods. Furthermore, Morinaga manages direct-to-consumer sales of health supplements and offers equipment for hygiene control. Established in 1917, the company, originally named Nippon Rennyu Co., Ltd. until its rebranding in 1949, maintains its corporate headquarters in Tokyo, Japan.
- Industry
- Packaged Foods
- Sector
- Consumer Defensive
- Headquarters
- JP
- CEO
- Yohichi Ohnuki
- Listed since
- Jan 1, 2001
- Employees
- 7,345
Market position
52-week range
Current ¥1,177
- Open
- ¥1,177
- Previous close
- ¥1,176
- Volume
- 0
- 0× average
- Average volume
- 2.06M
- Average daily volume
- Market cap
- 379.91B JPY
- Beta
- 0.16
- Market reference 1
- 50-day average
- ¥1,231.01
- -4.39% below average
- 200-day average
- ¥1,125.2
- +4.60% above average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 486.66B JPY
- P/E (TTM)
- 15.54×
- P/B (TTM)
- 1.37×
- P/S (TTM)
- 0.66×
- EV / EBITDA
- 8.43×
- Earnings yield
- 5.79%
- Free cash flow yield
- -1.10%
- Dividend yield
- 2.12%
Profitability & efficiency
- Gross margin
- 25.17%
- Operating margin
- 6.20%
- Net margin
- 3.89%
- Return on equity
- 8.23%
- Return on assets
- 4.13%
- Return on invested capital
- 5.84%
Financial health
- Debt / equity
- 0.48×
- Current ratio
- 1.38×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (JPY) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 571.46B JPY | 561.17B JPY | 547.06B JPY | 525.6B JPY | 503.35B JPY |
| Cost of goods sold | 428.2B JPY | 426.12B JPY | 415.1B JPY | 407.31B JPY | 381.08B JPY |
| Gross profit | 143.26B JPY | 135.05B JPY | 131.96B JPY | 118.3B JPY | 122.28B JPY |
| Selling, general, and administrative | 108.78B JPY | 105.4B JPY | 104.12B JPY | 94.36B JPY | 92.48B JPY |
| Operating expenses | 108.78B JPY | 105.4B JPY | 104.12B JPY | 94.36B JPY | 92.49B JPY |
| Interest income | 283M JPY | 179M JPY | 100M JPY | 43M JPY | 45M JPY |
| Interest expense | 1.56B JPY | 1.51B JPY | 1.29B JPY | 710M JPY | 747M JPY |
| Depreciation and amortization | 23.92B JPY | 24.61B JPY | 23.6B JPY | 21.42B JPY | 21.26B JPY |
| Operating income | 34.48B JPY | 29.66B JPY | 27.84B JPY | 23.94B JPY | 29.79B JPY |
| Net income | 22.6B JPY | 5.46B JPY | 61.31B JPY | 16.88B JPY | 33.78B JPY |
Company facts updated Aug 24, 2026.
Corporate actions
Annual dividends per share
Cash distributions grouped by calendar year; partial years are marked.
¥22.50
2025 complete year+200.0% since 2021
2026 partial: ¥13.75
¥7.50
2,021
¥10.00
2,022
¥11.25
2,023
¥26.25
2,024
¥22.50
2,025
¥13.75
2,026*
* Partial calendar year in the available dividend history.
Corporate action history
| Action | Ex-dividend date | Details | Record date | Payment date |
|---|---|---|---|---|
DividendUpcoming | Sep 29, 2026 | ¥12.00Semi-Annual | Sep 30, 2026 | Sep 29, 2026 |
DividendUpcoming | Mar 30, 2027 | ¥13.00Semi-Annual | Mar 31, 2027 | Mar 30, 2027 |
Dividend | Mar 30, 2026 | ¥55.00Semi-Annual | Mar 31, 2026 | Jun 26, 2026 |
Dividend | Sep 29, 2025 | ¥45.00Semi-Annual | Sep 30, 2025 | Dec 5, 2025 |
Dividend | Mar 28, 2025 | ¥45.00Semi-Annual | Mar 31, 2025 | Jun 27, 2025 |
Dividend | Sep 27, 2024 | ¥45.00Semi-Annual | Sep 30, 2024 | Dec 1, 2024 |
Ex-dividend Sep 29, 2026
¥12.00
Semi-Annual
Record Sep 30, 2026 · Payment Sep 29, 2026
Ex-dividend Mar 30, 2027
¥13.00
Semi-Annual
Record Mar 31, 2027 · Payment Mar 30, 2027
Ex-dividend Mar 30, 2026
¥55.00
Semi-Annual
Record Mar 31, 2026 · Payment Jun 26, 2026
Ex-dividend Sep 29, 2025
¥45.00
Semi-Annual
Record Sep 30, 2025 · Payment Dec 5, 2025
Ex-dividend Mar 28, 2025
¥45.00
Semi-Annual
Record Mar 31, 2025 · Payment Jun 27, 2025
Ex-dividend Sep 27, 2024
¥45.00
Semi-Annual
Record Sep 30, 2024 · Payment Dec 1, 2024
2264.T peers
ETFs holding 2264.T
Funds reporting this stock among their holdings, ordered by reported position size.
iShares Core TOPIX ETF1475.T849.78M0.03%2.89T JPY0.05%¥417.7-0.07%
iShares JPX-Nikkei 400 ETF1364.T249.08M0.04%592.34B JPY0.05%¥3,7610.00%
Avantis International Small Cap Value ETFAVDV31.69M0.16%20.24B USD0.36%$111.83-0.11%
Vanguard Total International Stock ETFVXUS30.43M0.00%646.2B USD0.05%$87.20-0.58%
Vanguard FTSE Developed Markets ETFVEA20.68M0.01%315B USD0.03%$73.06-0.49%
iShares Core MSCI EAFE ETFIEFA16.16M0.01%195.14B USD0.07%$100.67-0.18%
iShares MSCI EAFE Small-Cap ETFSCZ7.26M0.05%13.28B USD0.40%$86.50-0.12%
Vanguard FTSE All-World ex-US ETFVEU4.9M0.00%95.9B USD0.04%$85.21-0.56%
iShares Core TOPIX ETF1475.T- Market value
- 849.78M
- Weight
- 0.03%
- AUM
- 2.89T JPY
- Expense ratio
- 0.05%
- Price / 1D
- ¥417.7-0.07%
iShares JPX-Nikkei 400 ETF1364.T- Market value
- 249.08M
- Weight
- 0.04%
- AUM
- 592.34B JPY
- Expense ratio
- 0.05%
- Price / 1D
- ¥3,7610.00%
Avantis International Small Cap Value ETFAVDV- Market value
- 31.69M
- Weight
- 0.16%
- AUM
- 20.24B USD
- Expense ratio
- 0.36%
- Price / 1D
- $111.83-0.11%
Vanguard Total International Stock ETFVXUS- Market value
- 30.43M
- Weight
- 0.00%
- AUM
- 646.2B USD
- Expense ratio
- 0.05%
- Price / 1D
- $87.20-0.58%
Vanguard FTSE Developed Markets ETFVEA- Market value
- 20.68M
- Weight
- 0.01%
- AUM
- 315B USD
- Expense ratio
- 0.03%
- Price / 1D
- $73.06-0.49%
iShares Core MSCI EAFE ETFIEFA- Market value
- 16.16M
- Weight
- 0.01%
- AUM
- 195.14B USD
- Expense ratio
- 0.07%
- Price / 1D
- $100.67-0.18%
iShares MSCI EAFE Small-Cap ETFSCZ- Market value
- 7.26M
- Weight
- 0.05%
- AUM
- 13.28B USD
- Expense ratio
- 0.40%
- Price / 1D
- $86.50-0.12%
Vanguard FTSE All-World ex-US ETFVEU- Market value
- 4.9M
- Weight
- 0.00%
- AUM
- 95.9B USD
- Expense ratio
- 0.04%
- Price / 1D
- $85.21-0.56%
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