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 Performance and Financial Trends

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	213,368M	20,273M	21,039M	15,154M	165.6	55	May 10, 2024	J-GAAP
Mar, 2025	228,957M	21,266M	22,304M	17,710M	200.9	60	May 9, 2025	J-GAAP
Mar, 2026	236,672M	22,394M	22,659M	17,765M	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	236,000M	22,300M	22,500M	18,200M	216.7	65	Nov 12, 2025	J-GAAP
Mar, 2026 Results	236,672M	22,394M	22,659M	17,765M	211.1	65	May 11, 2026	J-GAAP
Revision Rate	+0.3%	+0.4%	+0.7%	-2.4%	-2.6%

Current Period Guidance

First Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2025	121,869M	13,350M	13,447M	11,031M	130.8	32.50	Nov 12, 2025	J-GAAP
Guidance Apr - Sep, 2026	131,000M	12,100M	11,900M	9,200M	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	228,957M	21,266M	22,304M	17,710M	200.9	60	May 9, 2025	J-GAAP
Mar, 2026	236,672M	22,394M	22,659M	17,765M	211.1	65	May 11, 2026	J-GAAP
Guidance Mar, 2027	257,000M	22,800M	22,200M	16,500M	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	52,373M	1,839M	2,460M	4,109M	46.6	3.5	May 9, 2025	J-GAAP
Apr - Jun, 2025	60,253M	7,098M	7,204M	5,046M	59.6	11.8	Aug 7, 2025	J-GAAP
Jul - Sep, 2025	61,616M	6,252M	6,243M	5,985M	71.0	10.1	Nov 12, 2025	J-GAAP
Oct - Dec, 2025	59,765M	6,263M	6,447M	4,523M	53.7	10.5	Feb 10, 2026	J-GAAP
Jan - Mar, 2026	55,038M	2,781M	2,765M	2,211M	26.3	5.1	May 11, 2026	J-GAAP
YoY	+5.1%	+51.2%	+12.4%	-46.2%	-43.6%