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Morinaga Milk Industry Co., Ltd. ( (JP:2264) ) has issued an announcement.
Morinaga Milk Industry Co., Ltd. reported its consolidated financial results for the third quarter of the fiscal year ending March 31, 2025. The company saw a slight increase in net sales by 1.8% compared to the previous year, but experienced notable declines in operating profit and ordinary profit by 8.9% and 8.7%, respectively. The profit attributable to owners of the parent company dropped significantly by 76.5%, indicating financial challenges. Despite these declines, the company’s total assets and shareholders’ equity ratio showed stability. The forecast for the fiscal year ending March 31, 2025, estimates a modest increase in net sales and operating profit, but a substantial decrease of 70.6% in profit attributable to owners of the parent.
More about Morinaga Milk Industry Co., Ltd.
Morinaga Milk Industry Co., Ltd. operates in the dairy industry, focusing on producing and distributing milk products and related items. The company is listed on the Tokyo Stock Exchange and has a significant presence in the Japanese market.
YTD Price Performance: -5.99%
Average Trading Volume: 353,543
Technical Sentiment Consensus Rating: Hold
Current Market Cap: Yen245.3B
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