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Morinaga & Co (MGAAF)
:MGAAF
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
0.31Last Year’s EPS
0.27Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: -6.26%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in net sales and strong performance in key segments like the U.S. business and Frozen Desserts. Strategic initiatives and successful market expansions are positive indicators for future growth. However, challenges such as increased costs, expected profit declines in H2, and pressure on profit margins due to raw material costs present notable challenges. The overall sentiment is cautiously optimistic with a recognition of areas requiring attention.Company Guidance
In the earnings call for Q2 of the fiscal year ending March 2024, Eijiro Oota, the executive of 2201.T, reported impressive financial results, with net sales reaching JPY 109.6 billion, which is JPY 11.2 billion higher than the previous year and JPY 3.6 billion above the forecast. Operating income was JPY 14.1 billion, surpassing the previous year by JPY 3.9 billion and exceeding the forecast by JPY 2.2 billion, resulting in an operating margin of 12.9%. The U.S. business significantly contributed to earnings growth, amid a JPY 2.9 billion impact from increased raw materials and energy costs. The company forecasts net sales of JPY 210 billion for the fiscal year, indicating a JPY 15.7 billion increase from the previous year. Despite anticipating decreased profits in H2 due to increased strategic investments and advertising, the firm expects an operating income of JPY 18.7 billion and net income of JPY 13.6 billion, both surpassing previous year figures. Furthermore, the ratio of overseas sales to total sales is projected to exceed the midterm target, supported by strong growth in the U.S. market.Record-Breaking Net Sales and Growth
Net sales for Q2 reached JPY 109.6 billion, an increase of JPY 11.2 billion over the previous year, representing 111.4% of the previous year's sales. This was JPY 3.6 billion higher than the forecast announced 6 months prior.
U.S. Business Performance
Significant earnings contribution from the U.S. business with sales on a local currency basis reaching 130% of the previous year's level in H1 and a forecast of 127% for H2.
Strong Performance in Frozen Desserts
Frozen Desserts outperformed the market with a growth of 114.2% compared to the market's 111.8% from April to September. Ita Choco Ice shipments were 141% of the previous year's shipments.
Confectionery Segment Success
Morinaga Biscuits brand achieved record sales in September with a market growth of 124.4%, significantly higher than the overall market growth of 103.6%.
HI-CHEW Market Expansion
HI-CHEW achieved record total brand sales with a market growth of 129% compared to the year before the previous year. The rollout of HI-CHEW Day in August was well received.
Revised Positive Earnings Forecast
Revised net sales forecast for the fiscal year ending March 2024 is JPY 210 billion, an increase of JPY 15.7 billion over the previous year, with operating income expected to increase by JPY 3.5 billion.
Increase in Operating Margin
Operating income was JPY 14.1 billion, an increase of JPY 3.9 billion from the previous year, with an operating margin improvement of 2.5 percentage points to 12.9%.
Successful Strategic Initiatives
Company's strategic initiatives in DX, human resources, and advertising have contributed to the overall growth and are expected to continue supporting future business expansion.
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MGAAF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MGAAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $17.90 | $17.78 | -0.67% |
| Aug 08, 2024 | $17.71 | $18.57 | +4.86% |
| May 10, 2024 | $16.48 | $16.96 | +2.91% |
| Feb 08, 2024 | $19.20 | $18.98 | -1.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Morinaga & Co (MGAAF) report earnings?
Morinaga & Co (MGAAF) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Morinaga & Co (MGAAF) earnings time?
Morinaga & Co (MGAAF) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MGAAF EPS forecast?
MGAAF EPS forecast for the fiscal quarter 2024 (Q3) is 0.31.
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