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

Morinaga Milk Industry Stock Forecast

Stock Price Forecast

According to 4 analysts polled by S&P Global, Morinaga Milk Industry stock has a consensus rating of "Buy" and an average price target of ¥5,750. The average 1-year stock price forecast is 16.73% higher than the current stock price, while the lowest is ¥5,300 (+7.59%) and the highest is ¥6,400 (+29.92%).

Price Target: ¥5,750 (+16.73%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	¥5,300	¥5,750	¥5,650	¥6,400
Change	+7.59%	+16.73%	+14.70%	+29.92%

* Price targets were last updated on Mar 3, 2026.

Analyst Ratings

The average analyst rating for Morinaga Milk Industry stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	May '26
Strong Buy	0	0	0	1	1	1
Buy	1	1	1	1	2	2
Hold	2	2	3	2	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Rei Ihara UBS	UBS	Hold Maintains ¥3,400 → ¥5,400	Hold	Maintains	¥3,400 → ¥5,400	+9.62%	Mar 3, 2026

Financial Forecast

Revenue This Year

591.96B

Increased by 3.59%

from 571.46B

Revenue Next Year

603.82B

Increased by 2.00%

from 591.96B

EPS This Year

293.08

Increased by 6.28%

from 275.77

EPS Next Year

345.45

Increased by 17.87%

from 293.08

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	503.35B	525.60B	547.06B	561.17B	571.46B	591.96B
Revenue Growth	-13.74%	4.42%	4.08%	2.58%	1.83%	3.59%
Gross Profit	122.28B	118.30B	131.96B	135.05B	143.26B	147.58B
Gross Margin	24.29%	22.51%	24.12%	24.07%	25.07%	24.93%
Operating Income	29.79B	23.94B	27.84B	29.66B	34.48B	36.28B
Net Income	33.78B	16.88B	61.31B	5.46B	22.60B	23.56B
EPS	343.17	186.31	696.09	64.53	275.77	293.08
EPS Growth	81.56%	-45.71%	273.63%	-90.73%	327.35%	6.28%
Forward PE	10.24	4.54	9.10	13.82	15.76	16.81
Dividend / Share	40.00	45.00	60.00	90.00	-	108.00
Free Cash Flow	24.35B	631.75M	37.66B	-33.71B	-5.98B	-1.00B
No. Analysts	-	-	-	-	-	4

Financial currency is JPY.

Revenue Forecast

Revenue	2027	2028	2029
High	597.7B
Avg	592.0B
Low	587.3B

Revenue Growth

Revenue Growth	2027	2028	2029
High	4.6%
Avg	3.6%
Low	2.8%

EPS Forecast

EPS	2027	2028	2029
High	306.10
Avg	293.08
Low	282.01

EPS Growth

EPS Growth	2027	2028	2029
High	11.0%
Avg	6.3%
Low	2.3%

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Financial forecast data provided by S&P Global Market Intelligence. The data is sourced from Wall Street analysts. Data sources.