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Morinaga &, 2% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 5 Yen

Mon May 11, 2026 3:30 pm JST Earnings

2201 Morinaga & Co.,Ltd. 【J-GAAP】

Earnings Report

Morinaga & Co.,Ltd. <2201> [TSE Prime] announced its financial results after the market closed on May 11th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 was 1.6% from the previous period to 22.6 billion yen. However, for the fiscal year ending March 2027, the consolidated ordinary profit is expected to decrease by 2.0% from the previous period to 22.2 billion yen.

At the same time, the company has decided to increase the dividend this fiscal year to 70 yen, an increase of 5 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit grew 12.4% from the same period last year, reaching 2.76 billion yen. The operating profit margin improved from 3.5% in the same period last year to 5.1%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 213,368 20,273 21,039 15,154 165.6 55 May 10, 2024 J-GAAP
Mar, 2025 228,957 21,266 22,304 17,710 200.9 60 May 9, 2025 J-GAAP
Mar, 2026 236,672 22,394 22,659 17,765 211.1 65 May 11, 2026 J-GAAP
YoY +3.4% +5.3% +1.6% +0.3% +5.1%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 236,000 22,300 22,500 18,200 216.7 65 Nov 12, 2025 J-GAAP
Mar, 2026 Results 236,672 22,394 22,659 17,765 211.1 65 May 11, 2026 J-GAAP
Revision Rate +0.3% +0.4% +0.7% -2.4% -2.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 121,869 13,350 13,447 11,031 130.8 32.50 Nov 12, 2025 J-GAAP
Apr - Sep, 2026 Guidance 131,000 12,100 11,900 9,200 109.6 35 May 11, 2026 J-GAAP
YoY +7.5% -9.4% -11.5% -16.6% -16.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 228,957 21,266 22,304 17,710 200.9 60 May 9, 2025 J-GAAP
Mar, 2026 236,672 22,394 22,659 17,765 211.1 65 May 11, 2026 J-GAAP
Mar, 2027 Guidance 257,000 22,800 22,200 16,500 196.5 70 May 11, 2026 J-GAAP
YoY +8.6% +1.8% -2.0% -7.1% -6.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 52,373 1,839 2,460 4,109 46.6 3.5 May 9, 2025 J-GAAP
Apr - Jun, 2025 60,253 7,098 7,204 5,046 59.6 11.8 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 61,616 6,252 6,243 5,985 71.0 10.1 Nov 12, 2025 J-GAAP
Oct - Dec, 2025 59,765 6,263 6,447 4,523 53.7 10.5 Feb 10, 2026 J-GAAP
Jan - Mar, 2026 55,038 2,781 2,765 2,211 26.3 5.1 May 11, 2026 J-GAAP
YoY +5.1% +51.2% +12.4% -46.2% -43.6%

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