Meiji Holdings Co., Ltd. logo

Meiji Holdings Co., Ltd.

2269.T

JPXConsumer DefensivePackaged Foods

Latest quote

¥4,370

+¥19.00 · +0.44%

Aug 24, 3:30 PM JST

2269.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Meiji Holdings Co., Ltd., established in Tokyo, Japan, in 1916, operates globally as a prominent manufacturer and seller across two core business segments: Food and Pharmaceutical. Its extensive Food division produces and markets a wide array of products, including various dairy items like yogurts, milk, cheeses, butter, and ice cream. This segment also encompasses a diverse selection of confectioneries, such as chocolates, gummy treats, and candies, alongside nutritional offerings like sports supplements, infant formulas, and beauty aids. Further contributions from the Food sector include frozen foods, sugar, over-the-counter medications, and livestock products, complemented by essential transportation and distribution services. The Pharmaceutical segment is dedicated to the development and provision of human health solutions, specifically targeting infectious diseases and central nervous system disorders, as well as manufacturing generic drugs, human and animal vaccines, and blood plasma products. Additionally, this division supplies a comprehensive range of veterinary medicines for livestock, fisheries, and companion animals, covering antimicrobials, pain relief, anti-inflammatory agents, and specialized treatments, alongside agricultural and livestock chemicals.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
JP
CEO
Katsunari Matsuda
Listed since
Apr 1, 2009
Employees
17,103

Market position

Day range

Current ¥4,370

52-week range

Current ¥4,370

Open
¥4,383
Previous close
¥4,351
Volume
829K
0.77× average
Average volume
1.08M
Average daily volume
Market cap
1.18T JPY
Beta
0.11
Market reference 1
50-day average
¥3,857.68
+13.28% above average
200-day average
¥3,701.37
+18.06% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.09T JPY
P/E (TTM)
29.43×
P/B (TTM)
1.53×
P/S (TTM)
EV / EBITDA
8.79×
Earnings yield
3.35%
Free cash flow yield
-4.52%
Dividend yield
2.40%

Profitability & efficiency

Gross margin
30.93%
Operating margin
8.26%
Net margin
3.38%
Return on equity
4.54%
Return on assets
2.78%
Return on invested capital
5.35%

Financial health

Debt / equity
0.18×
Current ratio
1.87×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends35%23%12%0%Gross margin, FY2022: 31.91%Gross margin, FY2023: 28.88%Gross margin, FY2024: 29.61%Gross margin, FY2025: 29.38%Gross margin, FY2026: 30.59%Operating margin, FY2022: 9.17%Operating margin, FY2023: 7.10%Operating margin, FY2024: 7.63%Operating margin, FY2025: 7.34%Operating margin, FY2026: 7.95%Net margin, FY2022: 8.64%Net margin, FY2023: 6.54%Net margin, FY2024: 4.58%Net margin, FY2025: 4.40%Net margin, FY2026: 2.99%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 31.91%. Gross margin FY2023 28.88%. Gross margin FY2024 29.61%. Gross margin FY2025 29.38%. Gross margin FY2026 30.59%. Operating margin FY2022 9.17%. Operating margin FY2023 7.10%. Operating margin FY2024 7.63%. Operating margin FY2025 7.34%. Operating margin FY2026 7.95%. Net margin FY2022 8.64%. Net margin FY2023 6.54%. Net margin FY2024 4.58%. Net margin FY2025 4.40%. Net margin FY2026 2.99%.

Income trends

Revenue

1.17T JPY+1.70%

Operating income

93.31B JPY+10.16%

Net income

35.08B JPY-30.95%
Income trends across reported periods1.29T JPY832.1B JPY376.66B JPY−78.78B JPYRevenue, FY2022: 1.01T JPYRevenue, FY2023: 1.06T JPYRevenue, FY2024: 1.11T JPYRevenue, FY2025: 1.15T JPYRevenue, FY2026: 1.17T JPYOperating income, FY2022: 92.92B JPYOperating income, FY2023: 75.43B JPYOperating income, FY2024: 84.32B JPYOperating income, FY2025: 84.7B JPYOperating income, FY2026: 93.31B JPYNet income, FY2022: 87.5B JPYNet income, FY2023: 69.42B JPYNet income, FY2024: 50.68B JPYNet income, FY2025: 50.8B JPYNet income, FY2026: 35.08B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 1.01T JPY. Revenue FY2023 1.06T JPY. Revenue FY2024 1.11T JPY. Revenue FY2025 1.15T JPY. Revenue FY2026 1.17T JPY. Operating income FY2022 92.92B JPY. Operating income FY2023 75.43B JPY. Operating income FY2024 84.32B JPY. Operating income FY2025 84.7B JPY. Operating income FY2026 93.31B JPY. Net income FY2022 87.5B JPY. Net income FY2023 69.42B JPY. Net income FY2024 50.68B JPY. Net income FY2025 50.8B JPY. Net income FY2026 35.08B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue1.17T JPY1.15T JPY1.11T JPY1.06T JPY1.01T JPY
Cost of goods sold814.65B JPY814.97B JPY778.15B JPY755.35B JPY689.84B JPY
Gross profit359.04B JPY339.1B JPY327.35B JPY306.8B JPY323.25B JPY
Research and development37.04B JPY
Selling, general, and administrative239.06B JPY225.51B JPY217.68B JPY211.03B JPY207.56B JPY
Operating expenses265.73B JPY254.4B JPY243.02B JPY231.37B JPY230.33B JPY
Interest income998M JPY723M JPY488M JPY390M JPY261M JPY
Interest expense977M JPY382M JPY367M JPY462M JPY500M JPY
Depreciation and amortization54.95B JPY54.98B JPY55.33B JPY53.59B JPY50.12B JPY
Operating income93.31B JPY84.7B JPY84.32B JPY75.43B JPY92.92B JPY
Net income35.08B JPY50.8B JPY50.68B JPY69.42B JPY87.5B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-50.02%
11 comparable reports
Latest EPS result
56.33
Estimate 50.94 · Beat by 10.58%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates81.5647.413.25-20.9Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 61.72, estimate 58.76, surprise +5.04%, Beat. Q2 2025, reported May 9, 2025: actual 25.95, estimate 31.29, surprise -17.07%, Miss. Q3 2025, reported Aug 6, 2025: actual 37.27, estimate 49.7, surprise -25.01%, Miss. Q4 2025, reported Nov 13, 2025: actual 42, estimate 47.08, surprise -10.79%, Miss. Q1 2026, reported Feb 12, 2026: actual 63.97, estimate 74.49, surprise -14.12%, Miss. Q2 2026, reported May 14, 2026: actual -13.84, estimate 3.35, surprise -513.01%, Miss. Q3 2026, reported Aug 5, 2026: actual 56.33, estimate 50.94, surprise +10.58%, Beat. Q4 2026, reported Nov 18, 2026: actual —, estimate 55.43, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates325.27B303.86B282.46B261.06BQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 306.02B JPY, estimate 298.74B JPY, surprise +2.44%, Beat. Q2 2025, reported May 9, 2025: actual 279.05B JPY, estimate 280.94B JPY, surprise -0.67%, Miss. Q3 2025, reported Aug 6, 2025: actual 273.57B JPY, estimate 286.8B JPY, surprise -4.61%, Miss. Q4 2025, reported Nov 13, 2025: actual 301.32B JPY, estimate 298.28B JPY, surprise +1.02%, Beat. Q1 2026, reported Feb 12, 2026: actual 307.44B JPY, estimate 312.76B JPY, surprise -1.70%, Miss. Q2 2026, reported May 14, 2026: actual 291.69B JPY, estimate 289.82B JPY, surprise +0.65%, Beat. Q3 2026, reported Aug 5, 2026: actual 289.4B JPY, estimate 281.53B JPY, surprise +2.79%, Beat. Q4 2026, reported Nov 18, 2026: actual —, estimate 310.96B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥102.5

2025 complete year+32.3% since 2021

2026 partial: ¥52.50

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥55.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥55.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥52.50

Semi-Annual

Record Mar 31, 2026 · Payment Jun 8, 2026

Dividend

Ex-dividend Sep 29, 2025

¥52.50

Semi-Annual

Record Sep 30, 2025 · Payment Dec 8, 2025

Dividend

Ex-dividend Mar 28, 2025

¥50.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 5, 2025

Dividend

Ex-dividend Sep 27, 2024

¥50.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 6, 2024

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