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An announcement from Morinaga Milk Industry Co., Ltd. ( (JP:2264) ) is now available.
Morinaga Milk Industry Co., Ltd. announced its plans to construct a large-scale complex on the site of the former Morinaga Plaza Building, which will include offices and retail spaces. The project, involving joint development partners Mitsui Fudosan Co., Ltd. and East Japan Railway Company, is set to begin construction in October 2025 and complete by 2033. This strategic move aims to relocate Morinaga’s head office by 2029, enhancing its operational capabilities without impacting its earnings for the fiscal year ending March 31, 2026.
The most recent analyst rating on (JP:2264) stock is a Hold with a Yen3507.00 price target. To see the full list of analyst forecasts on Morinaga Milk Industry Co., Ltd. stock, see the JP:2264 Stock Forecast page.
More about Morinaga Milk Industry Co., Ltd.
Morinaga Milk Industry Co., Ltd. operates in the dairy industry, focusing on the production and distribution of milk and related products. The company is based in Tokyo, Japan, and is listed on the Prime Market of the Tokyo Stock Exchange.
Average Trading Volume: 328,844
Technical Sentiment Signal: Buy
Current Market Cap: Yen314.4B
For a thorough assessment of 2264 stock, go to TipRanks’ Stock Analysis page.