Morinaga & Co., Ltd. Reports Q3 FY2026 Earnings Presentation

Source disclosure: February 10, 2026

Morinaga & Co., Ltd. [2201.T]

TOKYO — Morinaga & Co., Ltd. reported its third quarter earnings for the fiscal year ending March 2026 on February 10, 2026. The company's consolidated sales and profits showed mixed results compared to the same period last year.

For the nine months ended December 31, 2025, Morinaga recorded a consolidated net sales figure of ¥181.634 billion, marking a 2.9% increase from the previous year’s corresponding period. Operating income stood at ¥19.613 billion, up by 1%, while ordinary income was slightly higher at ¥19.894 billion, representing a 0.3% rise. Net income attributable to owners of the parent company reached ¥15.554 billion, reflecting a significant 14.4% growth over the prior year. In contrast, the cumulative figures for the third quarter of the fiscal year 2025 were ¥176.584 billion in sales, ¥19.427 billion in operating profit, ¥19.844 billion in ordinary profit, and ¥13.601 billion in net income attributable to owners of the parent company.

Regarding shareholder returns, Morinaga did not pay dividends during the first two quarters of the current fiscal year but has announced an interim dividend of ¥32.5 per share for the third quarter. This brings the total expected annual dividend for the fiscal year ending March 2026 to ¥65 per share based on the latest forecast. No adjustments have been made to this dividend projection since it was initially disclosed.

Looking ahead, Morinaga projects that for the full fiscal year ending March 2026, consolidated net sales will reach ¥236 billion, indicating a 3.1% increase from the previous fiscal year. The company anticipates operating income to be ¥22.3 billion, a 4.9% rise, and ordinary income is estimated at ¥22.5 billion, showing a modest 0.9% improvement. Furthermore, net income attributable to owners of the parent company is projected to grow by 2.8% to ¥18.2 billion. On a per-share basis, earnings are expected to amount to ¥216.21.

The company also provided additional information regarding changes in the scope of consolidation, accounting policies, and other relevant matters. There were no significant alterations in the scope of consolidation for the current reporting period, nor were there any unique accounting treatments applied specifically for the quarterly financial statements. Additionally, no revisions were made to the company’s accounting policies, estimates, or restatements due to recent changes in accounting standards or otherwise. As of the end of the third quarter, the number of outstanding shares remained relatively stable at 86.111 million, with minor fluctuations in treasury stock holdings.

Note: Financial figures from the earnings presentation have been removed pending correction. For accurate figures, refer to the company's earnings summary (kessan tanshin) filed separately on TDNet.