Morinaga Milk Industry Co., Ltd. (TYO:2264)

Morinaga Milk Industry Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	554,539	547,059	525,603	503,354	583,550	590,892
Revenue Growth (YoY)	2.01%	4.08%	4.42%	-13.74%	-1.24%	1.25%
Cost of Revenue	422,082	415,100	407,308	381,077	393,478	401,538
Gross Profit	132,457	131,959	118,295	122,277	190,072	189,354
Selling, General & Admin	107,196	104,172	94,321	92,552	161,123	164,038
Operating Expenses	107,143	104,119	94,355	92,484	161,204	163,995
Operating Income	25,314	27,840	23,940	29,793	28,868	25,359
Interest Expense	-1,460	-1,291	-710	-747	-707	-743
Interest & Investment Income	1,483	1,013	767	865	1,044	792
Earnings From Equity Investments	-333	-175	-53	-19	51	-53
Currency Exchange Gain (Loss)	530	1,411	613	445	546	-261
Other Non Operating Income (Expenses)	264	45	660	789	730	772
EBT Excluding Unusual Items	25,798	28,843	25,217	31,126	30,532	25,866
Gain (Loss) on Sale of Investments	117	22	2,706	9	221	126
Gain (Loss) on Sale of Assets	-1,494	64,359	222	20,558	533	6,047
Asset Writedown	-1,739	-2,257	-1,226	-	-2,721	-2,677
Other Unusual Items	-3,769	-2,397	-3,201	-3,399	-2,568	-2,857
Pretax Income	18,913	88,570	23,718	48,294	25,997	26,505
Income Tax Expense	5,689	27,224	6,699	14,369	7,095	7,687
Earnings From Continuing Operations	13,224	61,346	17,019	33,925	18,902	18,818
Minority Interest in Earnings	25	-39	-144	-143	-161	-162
Net Income	13,249	61,307	16,875	33,782	18,741	18,656
Net Income to Common	13,249	61,307	16,875	33,782	18,741	18,656
Net Income Growth	-80.38%	263.30%	-50.05%	80.26%	0.46%	33.10%
Shares Outstanding (Basic)	85	88	90	98	99	99
Shares Outstanding (Diluted)	85	88	91	98	99	99
Shares Change (YoY)	-3.99%	-2.76%	-7.99%	-0.72%	0.02%	-0.03%
EPS (Basic)	155.27	696.91	186.57	343.73	189.36	188.55
EPS (Diluted)	155.10	696.09	186.31	343.17	189.00	188.18
EPS Growth	-79.57%	273.63%	-45.71%	81.56%	0.44%	33.13%
Free Cash Flow	-	23,437	-205	21,390	10,363	-3,572
Free Cash Flow Per Share	-	266.11	-2.26	217.29	104.51	-36.03
Dividend Per Share	60.000	60.000	45.000	40.000	35.000	30.000
Dividend Growth	33.33%	33.33%	12.50%	14.29%	16.67%	9.09%
Gross Margin	23.89%	24.12%	22.51%	24.29%	32.57%	32.05%
Operating Margin	4.56%	5.09%	4.55%	5.92%	4.95%	4.29%
Profit Margin	2.39%	11.21%	3.21%	6.71%	3.21%	3.16%
Free Cash Flow Margin	-	4.28%	-0.04%	4.25%	1.78%	-0.60%
EBITDA	50,552	51,441	45,359	51,055	49,254	43,800
EBITDA Margin	9.12%	9.40%	8.63%	10.14%	8.44%	7.41%
D&A For EBITDA	25,238	23,601	21,419	21,262	20,386	18,441
EBIT	25,314	27,840	23,940	29,793	28,868	25,359
EBIT Margin	4.56%	5.09%	4.55%	5.92%	4.95%	4.29%
Effective Tax Rate	30.08%	30.74%	28.24%	29.75%	27.29%	29.00%
Advertising Expenses	-	10,965	9,508	9,581	57,757	60,193

Source: S&P Capital IQ. Standard template. Financial Sources.