Morinaga Milk Industry Co., Ltd. (JP:2264) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Morinaga Milk Industry Co., Ltd. experienced higher net sales but lower profits in the first half of the fiscal year ending March 2025, with operating profit falling short of forecasts. Despite strong sales of high-value-added products like Mt. RAINIER CAFFÈ LATTE and ice cream, factors such as a deteriorating product mix and rising costs led to an overall shortfall. The company aims to maintain its initial full-year profit forecast by focusing on expanding key products and improving global business operations.
For further insights into JP:2264 stock, check out TipRanks’ Stock Analysis page.