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MORINAGA MILK plunges in afternoon session on forecast of net profit decline for fiscal year ending March 2027

Wed May 13, 2026 2:52 pm JST Catalyst

Morinaga Milk Industry <2264> plummeted in afternoon trading on May 13 after the company issued a conservative outlook for the fiscal year ending March 2027. Following the 2:00 p.m. release, the dairy giant projected revenue of 580,000 million yen (up 1.5% year-on-year) and net profit of 20,000 million yen (down 11.5%). Investors reacted negatively to the forecast, which signals a return to profit decline following a year of record-breaking growth.

The company cited rising raw material and logistics costs as primary headwinds, alongside the absence of one-off extraordinary gains that had bolstered the previous year's bottom line. In a move to enhance capital efficiency, Morinaga Milk announced a four-for-one stock split with a record date of June 30. Its annual dividend forecast for the current fiscal year was set at 25 yen, which is equivalent to the prior year's payout on a split-adjusted basis.

For the fiscal year ended March 2026, the company reported revenue of 571,458 million yen (up 1.8% year-on-year). Operating profit hit a record 34,500 million yen, while net profit surged more than fourfold to 22,599 million yen, driven by strong performance in its global business and the MILEI platform.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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