Morinaga Milk Industry Co., Ltd. (2264.T)
Tokyo, JP
Operating both domestically in Japan and across global markets, Morinaga Milk Industry Co., Ltd., along with its affiliated companies, specializes in the production and distribution of a wide array of dairy goods. Its extensive product portfolio encompasses staple dairy items like milk, yogurt, cheese, and butter. Beyond these, it extends to include chilled sweet treats, frozen desserts, specialized nutrition such as infant formulas and baby foods, health-focused dietary supplements, and dietary products for medical or elderly care. The beverage segment features a variety of milk-based drinks, coffee concoctions, and refreshing chilled teas. Furthermore, Morinaga supplies creaming powders, condensed milks, and even TOFU products. The firm also provides key ingredients for infant and toddler nutrition, specifically whey protein concentrate, lactose, and lactoferrin. Its operations additionally span the processing and packaging of various items, notably tofu and other soy-derived goods. Furthermore, Morinaga manages direct-to-consumer sales of health supplements and offers equipment for hygiene control. Established in 1917, the company, originally named Nippon Rennyu Co., Ltd. until its rebranding in 1949, maintains its corporate headquarters in Tokyo, Japan.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.04% | -3.74% | -7.19% | +0.96% | +24.84% | +20.49% | +38.22% | +69.91% | +40.84% | +173.18% | +593.95% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
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.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 2 | 0 |
| Buy | 1 | 0 |
| Hold | 1 | -1 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Packaged Foods: +4.4%+1.8% Q1'26: +2.4% (vs Q1'25)
-
EPS growth Packaged Foods: +14.6%+327.4% ★ Q1'26: +108.3% (vs Q1'25)
-
FCF margin FCF growth · Packaged Foods: +15.9%+1.0% Q1'26: +0.0% (vs Q1'25)
-
EBIT margin Packaged Foods: +7.9%+6.0% Q1'26: +2.8% (vs Q1'25)
-
ROIC Packaged Foods: +7.0%+6.5% Q1'26: +3.8% (vs Q1'25)
-
Share dilution Packaged Foods: +0.0%-3.1% ★ Q1'26: -14.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Packaged Foods: 0.19×2.10× Q1'26: 3.06× (vs Q1'25)
* 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.
| 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 1 Rev. Ana. 1 EPS Ana. |
Mar 2028 4 Rev. Ana. 4 EPS Ana. |
Mar 2029 1 Rev. Ana. 1 EPS Ana. |
Mar 2030 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
594.83B
est: 596.00B (-0.2%)
|
601.50B
est: 607.00B (-0.9%)
|
592.62B
est: 590.00B (+0.4%)
|
592.09B
est: 606.31B (-2.3%)
|
583.58B
est: 575.70B (+1.4%)
|
590.89B
est: 589.90B (+0.2%)
|
583.55B
est: 581.02B (+0.4%)
|
503.35B
est: 499.64B (+0.7%)
|
525.60B
est: 522.74B (+0.5%)
|
547.06B
est: 547.96B (-0.2%)
|
561.17B
est: 562.10B (-0.2%)
|
574.93B
569.32B – 577.92B
+2.3% YoY
|
591.05B
587.96B – 594.23B
+2.8% YoY
|
600.45B
594.25B – 606.84B
+1.6% YoY
|
610.00B
606.81B – 613.29B
+1.6% YoY
|
626.60B
623.33B – 629.98B
+2.7% YoY
|
| EBITDA |
23.68B
est: 70.27B (-66.3%)
|
34.37B
est: 71.56B (-52.0%)
|
37.71B
est: 69.56B (-45.8%)
|
41.84B
est: 71.48B (-41.5%)
|
38.86B
est: 67.87B (-42.7%)
|
45.69B
est: 69.55B (-34.3%)
|
47.09B
est: 68.50B (-31.3%)
|
70.30B
est: 58.91B (+19.3%)
|
45.85B
est: 61.63B (-25.6%)
|
113.46B
est: 57.15B (+98.5%)
|
41.40B
est: 58.62B (-29.4%)
|
59.96B
59.38B – 60.27B
+2.3% YoY
|
61.64B
61.32B – 61.98B
+2.8% YoY
|
62.62B
61.98B – 63.29B
+1.6% YoY
|
63.62B
63.29B – 63.96B
+1.6% YoY
|
65.35B
65.01B – 65.70B
+2.7% YoY
|
| EBIT |
7.21B
est: 45.76B (-84.2%)
|
16.81B
est: 46.60B (-63.9%)
|
20.08B
est: 45.30B (-55.7%)
|
24.33B
est: 46.55B (-47.7%)
|
20.98B
est: 44.20B (-52.5%)
|
27.25B
est: 45.29B (-39.8%)
|
26.70B
est: 44.61B (-40.1%)
|
49.04B
est: 38.36B (+27.8%)
|
24.43B
est: 40.13B (-39.1%)
|
89.86B
est: 27.97B (+221.3%)
|
16.79B
est: 28.69B (-41.5%)
|
29.35B
29.06B – 29.50B
+2.3% YoY
|
30.17B
30.01B – 30.33B
+2.8% YoY
|
30.65B
30.33B – 30.98B
+1.6% YoY
|
31.14B
30.97B – 31.30B
+1.6% YoY
|
31.98B
31.82B – 32.16B
+2.7% YoY
|
| Net Income |
4.16B
est: 3.43B (+21.5%)
|
10.58B
est: 5.94B (+77.9%)
|
13.20B
est: 11.04B (+19.6%)
|
15.78B
est: 12.86B (+22.7%)
|
14.02B
est: 10.43B (+34.4%)
|
18.66B
est: 16.97B (+9.9%)
|
18.74B
est: 13.94B (+34.4%)
|
33.78B
est: 30.51B (+10.7%)
|
16.88B
est: 14.72B (+14.6%)
|
61.31B
est: 13.32B (+360.3%)
|
5.46B
est: 11.70B (-53.3%)
|
21.28B
20.17B – 22.39B
+81.9% YoY
|
27.09B
26.91B – 27.28B
+27.3% YoY
|
29.05B
27.67B – 30.43B
+7.2% YoY
|
29.37B
29.17B – 29.57B
+1.1% YoY
|
32.17B
31.95B – 32.39B
+9.5% YoY
|
| SGA |
165.75B
est: 120.00B (+38.1%)
|
167.73B
est: 122.22B (+37.2%)
|
172.23B
est: 118.80B (+45.0%)
|
168.26B
est: 122.08B (+37.8%)
|
162.91B
est: 115.92B (+40.5%)
|
164.00B
est: 118.78B (+38.1%)
|
161.20B
est: 116.99B (+37.8%)
|
92.48B
est: 100.60B (-8.1%)
|
94.36B
est: 105.25B (-10.4%)
|
104.12B
est: 111.52B (-6.6%)
|
105.40B
est: 114.40B (-7.9%)
|
117.01B
115.87B – 117.62B
+2.3% YoY
|
120.29B
119.67B – 120.94B
+2.8% YoY
|
122.21B
120.95B – 123.51B
+1.6% YoY
|
124.15B
123.50B – 124.82B
+1.6% YoY
|
127.53B
126.86B – 128.22B
+2.7% YoY
|
| EPS |
42.14
est: 40.50 (+4.0%)
|
107.00
est: 70.25 (+52.3%)
|
133.51
est: 130.50 (+2.3%)
|
159.50
est: 152.00 (+4.9%)
|
141.67
est: 123.30 (+14.9%)
|
188.55
est: 200.60 (-6.0%)
|
189.36
est: 164.80 (+14.9%)
|
343.73
est: 360.64 (-4.7%)
|
186.57
est: 174.33 (+7.0%)
|
696.91
est: 157.41 (+342.7%)
|
64.59
est: 138.23 (-53.3%)
|
248.84
238.37 – 264.62
+80.0% YoY
|
320.18
318.01 – 322.43
+28.7% YoY
|
343.74
327.00 – 359.63
+7.4% YoY
|
347.10
344.74 – 349.53
+1.0% YoY
|
380.20
377.62 – 382.86
+9.5% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-14 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-13 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-12 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-11 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-08 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-07 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-01 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-30 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-28 | B- | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-27 | B | 3/5 | 2/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-24 | B- | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-23 | B | 3/5 | 2/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-22 | B | 3/5 | 2/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-21 | B | 3/5 | 2/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-20 | B | 3/5 | 2/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-17 | B | 3/5 | 2/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-16 | B | 3/5 | 2/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | MUFG Japan Small Cap Active ETF MJSC | 1.54% | 351.4K | 0.85% |
| 2 | ALPS Funds CoreCommodity Natural Resources ETF CCNR | 0.27% | 986.8K | 0.39% |
| 3 | WisdomTree Japan SmallCap Dividend Fund DFJ | 0.25% | 959.1K | 0.58% |
| 4 | Avantis International Small Cap Value ETF AVDV | 0.21% | 40.16M | 0.36% |
| 5 | iShares MSCI Japan Small-Cap ETF SCJ | 0.18% | 449.8K | 0.50% |
| 6 | iShares MSCI Japan Small Cap UCITS ETF IDJP.L | 0.16% | 912.3K | 0.58% |
| 7 | State Street SPDR S&P International Small Cap ETF GWX | 0.14% | 1.20M | 0.40% |
| 8 | Schwab Fundamental International Small Company Index ETF FNDC | 0.13% | 3.99M | 0.39% |
| 9 | Avantis International Small Cap Equity ETF AVDS | 0.09% | 297.1K | 0.30% |
| 10 | Avantis Global Small Cap Value UCITS ETF AVGS.L | 0.09% | 958.5K | 0.39% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Akihiro Nozaki | Executive Managing Officer, GM of Finance & Accounting Division and Director | — | male |
| Hidekazu Takano | Executive Managing Officer & GM of Corporate Division | — | male |
| Hiroko Kuno | Executive Managing Officer, GM of Corporate Strategic Planning Division & Director | — | female |
| Hiroyuki Ueda | General Manager of IR Group, Public Relations & IR Department - Communications Headquarters | — | — |
| Hitoshi Hyodo | Executive Managing Officer, GM of Domestic Sales Division & Director | — | male |
| Kiyoshi Nomura | Executive Managing Officer & GM of Overseas Business | — | male |
| Toshihisa Tomizawa | General Manager of IR&PR Department | — | — |
| Toshikazu Asakawa | General Manager of Finance & Accounting Department, Strategic Planning Division | — | — |
| Yasuhiko Yanagida | Executive Managing Officer, GM of Manufacturing Div. & Director | — | male |
| Yohichi Ohnuki | President & Representative Director | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for 2264.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.

MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
