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Morinaga&Co., Ltd. (2201.T)
JPY2,688.00
+21.50 (+0.81%)
JP JPX Consumer Defensive Food Confectioners
Address
5-33-1 Shiba 108-8403
Tokyo, JP
Tokyo, JP
CEO
Eijiro Ota
Website
morinaga.co.jp
IPO
2001-01-01
ISIN JP3926400007
Also trades on
Other OTC · MGAAF (USD)
Tokyo Stock Exchange · 2201.T (JPY)
Description
Established in Tokyo, Japan, in 1899, Morinaga&Co., Ltd. is a prominent manufacturer, procurer, and distributor of a broad array of consumer products, serving markets both within Japan and internationally. The company's diverse offerings span confectionery items like caramels, biscuits, and chocolates; food staples such as cocoa and cake mixes; frozen desserts, including various ice creams; and health-oriented products like nutritious jelly drinks. Morinaga also extends its reach by providing health foods and beverages through dedicated mail-order services. Its well-known brands encompass a wide selection, featuring popular names such as Morinaga Milk Caramel, HI-CHEW, DARS, Chocoball, ICEBOX, and in Jelly.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
JPY2,688.00
+21.50 (+0.81%)
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Volume Profile
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Liquidity & share structure
Average Volume
327.6K
Beta
-0.14
Float Shares
65.69M
Free Float %
78.2%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +3.00% | -6.79% | -11.27% | -9.35% | -7.67% | -6.51% | -0.26% | +15.68% | +38.50% | +79.35% | +324.34% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
2,688.00
DCF (Unlevered)
4,033.95
+50.1%
DCF (Levered)
356.71
-86.7%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
50% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 1 | 0 |
| Hold | 2 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
3.69
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
2 / 5
Medium
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Food Confectioners: +6.2%+3.4% Q1'26: +5.1% (vs Q1'25)
-
EPS growth Food Confectioners: +8.5%+5.1% Q1'26: -44.8% (vs Q1'25)
-
FCF margin FCF growth · Food Confectioners: +8.1%+4.4% ★ Q1'26: +0.0% (vs Q1'25)
-
EBIT margin Food Confectioners: +8.2%+9.5% ★ Q1'26: +5.1% (vs Q1'25)
-
ROIC Food Confectioners: +7.0%+11.6% ★ Q1'26: +5.1% (vs Q1'25)
-
Share dilution Food Confectioners: +0.0%-4.5% ★ Q1'26: -2.5% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Food Confectioners: 0.54×0.62× ★ Q1'26: 0.93× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Mar 2015 actual |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 4 Rev. Ana. 4 EPS Ana. |
Mar 2027 3 Rev. Ana. 3 EPS Ana. |
Mar 2028 3 Rev. Ana. 3 EPS Ana. |
Mar 2029 2 Rev. Ana. 2 EPS Ana. |
Mar 2030 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
177.93B
est: 178.50B (-0.3%)
|
181.87B
est: 182.10B (-0.1%)
|
199.48B
est: 195.12B (+2.2%)
|
205.02B
est: 206.60B (-0.8%)
|
205.37B
est: 205.10B (+0.1%)
|
208.88B
est: 209.30B (-0.2%)
|
168.24B
est: 198.65B (-15.3%)
|
181.25B
est: 179.27B (+1.1%)
|
194.37B
est: 192.99B (+0.7%)
|
213.37B
est: 219.20B (-2.7%)
|
228.96B
est: 229.00B (0.0%)
|
235.15B
233.55B – 237.94B
+2.7% YoY
|
247.00B
245.34B – 248.80B
+5.0% YoY
|
254.40B
252.67B – 256.34B
+3.0% YoY
|
254.70B
254.38B – 255.02B
+0.1% YoY
|
262.00B
260.23B – 263.95B
+2.9% YoY
|
| EBITDA |
12.67B
est: 29.38B (-56.9%)
|
17.74B
est: 29.98B (-40.8%)
|
23.54B
est: 32.12B (-26.7%)
|
25.64B
est: 34.01B (-24.6%)
|
26.09B
est: 33.76B (-22.7%)
|
27.48B
est: 34.45B (-20.3%)
|
27.05B
est: 32.70B (-17.3%)
|
27.70B
est: 29.51B (-6.1%)
|
25.34B
est: 31.77B (-20.2%)
|
29.73B
est: 31.54B (-5.8%)
|
31.16B
est: 32.95B (-5.4%)
|
33.83B
33.60B – 34.24B
+2.7% YoY
|
35.54B
35.30B – 35.80B
+5.0% YoY
|
36.60B
36.35B – 36.88B
+3.0% YoY
|
36.65B
36.60B – 36.69B
+0.1% YoY
|
37.70B
37.44B – 37.98B
+2.9% YoY
|
| EBIT |
5.89B
est: 20.95B (-71.9%)
|
11.41B
est: 21.38B (-46.6%)
|
17.58B
est: 22.90B (-23.3%)
|
19.72B
est: 24.25B (-18.7%)
|
20.16B
est: 24.08B (-16.3%)
|
21.15B
est: 24.57B (-13.9%)
|
19.05B
est: 23.32B (-18.3%)
|
17.57B
est: 21.04B (-16.5%)
|
15.15B
est: 22.65B (-33.1%)
|
20.23B
est: 20.86B (-3.0%)
|
21.24B
est: 21.79B (-2.5%)
|
22.37B
22.22B – 22.64B
+2.7% YoY
|
23.50B
23.34B – 23.67B
+5.0% YoY
|
24.21B
24.04B – 24.39B
+3.0% YoY
|
24.23B
24.20B – 24.27B
+0.1% YoY
|
24.93B
24.76B – 25.11B
+2.9% YoY
|
| Net Income |
3.81B
est: 2.95B (+28.8%)
|
8.09B
est: 6.61B (+22.4%)
|
11.12B
est: 10.37B (+7.2%)
|
10.29B
est: 11.52B (-10.7%)
|
12.82B
est: 11.02B (+16.3%)
|
10.82B
est: 13.06B (-17.1%)
|
13.42B
est: 11.20B (+19.8%)
|
27.77B
est: 24.58B (+13.0%)
|
10.06B
est: 7.91B (+27.1%)
|
15.15B
est: 15.26B (-0.7%)
|
17.71B
est: 17.88B (-0.9%)
|
19.71B
19.22B – 20.19B
+10.2% YoY
|
21.02B
20.03B – 22.01B
+6.7% YoY
|
21.56B
20.82B – 22.31B
+2.6% YoY
|
25.09B
24.63B – 25.54B
+16.3% YoY
|
27.98B
27.73B – 28.25B
+11.5% YoY
|
| SGA |
70.35B
est: 59.00B (+19.2%)
|
73.79B
est: 60.19B (+22.6%)
|
80.53B
est: 64.49B (+24.9%)
|
82.63B
est: 68.28B (+21.0%)
|
84.10B
est: 67.79B (+24.1%)
|
86.66B
est: 69.17B (+25.3%)
|
51.18B
est: 65.65B (-22.0%)
|
55.45B
est: 59.25B (-6.4%)
|
58.52B
est: 63.79B (-8.2%)
|
63.21B
est: 65.52B (-3.5%)
|
65.73B
est: 68.45B (-4.0%)
|
70.29B
69.81B – 71.12B
+2.7% YoY
|
73.83B
73.34B – 74.37B
+5.0% YoY
|
76.05B
75.53B – 76.62B
+3.0% YoY
|
76.14B
76.04B – 76.23B
+0.1% YoY
|
78.32B
77.79B – 78.90B
+2.9% YoY
|
| EPS |
36.55
est: 33.50 (+9.1%)
|
77.72
est: 75.00 (+3.6%)
|
106.79
est: 117.64 (-9.2%)
|
98.88
est: 130.70 (-24.3%)
|
123.57
est: 125.00 (-1.1%)
|
107.59
est: 148.10 (-27.4%)
|
133.36
est: 126.98 (+5.0%)
|
276.29
est: 278.75 (-0.9%)
|
104.38
est: 89.75 (+16.3%)
|
165.60
est: 172.93 (-4.2%)
|
200.85
est: 200.90 (0.0%)
|
221.82
217.99 – 229.02
+10.4% YoY
|
237.11
227.17 – 249.66
+6.9% YoY
|
242.92
236.09 – 252.99
+2.4% YoY
|
284.50
279.31 – 289.69
+17.1% YoY
|
317.30
314.51 – 320.37
+11.5% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 3/5 | 4/5 | 3/5 |
| 2026-05-08 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 3/5 | 4/5 | 3/5 |
| 2026-05-07 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 3/5 | 4/5 | 3/5 |
| 2026-05-01 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-30 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-28 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-27 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-24 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-23 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-22 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-21 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-20 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-17 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-16 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 2/5 | 4/5 | 3/5 |
| 2026-04-15 | A- | 4/5 | 2/5 | 4/5 | 5/5 | 2/5 | 4/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
5.17B
OE per share TTM
59.06
Owner's Yield
2.30%
Maintenance CapEx ratio
25.62%
Maint CapEx / Avg PPE
38.9%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
7.24M
Shares Outstanding
83.97M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Daisuke Fujii | Managing Executive Officer & Director | — | male |
| Eijiro Ota | Chief Executive Officer & Chairman of the Board | — | male |
| Fumiko Kunichika | Senior Executive Officer and GM of Procurement Department & Production Division | — | — |
| Hideki Matsunaga | Senior Executive Officer & Director | — | — |
| Isao Matsuzaki | Senior Executive Officer & GM of New Business Development Department | — | — |
| Kenji Takanami | Senior Executive Officer & Director | — | male |
| Masaaki Takahashi | Senior Executive Officer | — | — |
| Minoru Takizawa | Executive Officer & GM of Sales Division | — | — |
| Shinya Mori | President, Chief Operating Officer & Representative Director | — | male |
| Tetsuya Takagi | Chief Financial Officer, Senior Executive Officer & Director | — | — |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for 2201.T
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
