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

Morinaga Milk Industry Statistics

Total Valuation

TYO:2264 has a market cap or net worth of JPY 399.80 billion. The enterprise value is 482.24 billion.

Market Cap	399.80B
Enterprise Value	482.24B

Important Dates

The last earnings date was Thursday, February 12, 2026.

Earnings Date	Feb 12, 2026
Ex-Dividend Date	Mar 30, 2026

Share Statistics

TYO:2264 has 81.10 million shares outstanding. The number of shares has decreased by -3.28% in one year.

Current Share Class	81.10M
Shares Outstanding	81.10M
Shares Change (YoY)	-3.28%
Shares Change (QoQ)	-0.97%
Owned by Insiders (%)	0.25%
Owned by Institutions (%)	44.04%
Float	71.52M

Valuation Ratios

The trailing PE ratio is 32.19 and the forward PE ratio is 16.31. TYO:2264's PEG ratio is 0.38.

PE Ratio	32.19
Forward PE	16.31
PS Ratio	0.70
PB Ratio	1.44
P/TBV Ratio	1.53
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	0.38

Enterprise Valuation

EV / Earnings	38.11
EV / Sales	0.85
EV / EBITDA	8.00
EV / EBIT	13.83
EV / FCF	n/a

Financial Position

The company has a current ratio of 1.36, with a Debt / Equity ratio of 0.43.

Current Ratio	1.36
Quick Ratio	0.77
Debt / Equity	0.43
Debt / EBITDA	1.98
Debt / FCF	n/a
Interest Coverage	22.69

Financial Efficiency

Return on Equity (ROE)	n/a
Return on Assets (ROA)	n/a
Return on Invested Capital (ROIC)	4.89%
Return on Capital Employed (ROCE)	8.81%
Weighted Average Cost of Capital (WACC)	3.72%
Revenue Per Employee	76.25M
Profits Per Employee	1.70M
Employee Count	7,453
Asset Turnover	1.03
Inventory Turnover	5.27

Taxes

In the past 12 months, TYO:2264 has paid 12.42 billion in taxes.

Income Tax	12.42B
Effective Tax Rate	50.94%

Stock Price Statistics

The stock price has increased by +61.81% in the last 52 weeks. The beta is 0.07, so TYO:2264's price volatility has been lower than the market average.

Beta (5Y)	0.07
52-Week Price Change	+61.81%
50-Day Moving Average	4,098.88
200-Day Moving Average	3,577.08
Relative Strength Index (RSI)	70.77
Average Volume (20 Days)	362,035

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, TYO:2264 had revenue of JPY 568.27 billion and earned 12.66 billion in profits. Earnings per share was 153.16.

Revenue	568.27B
Gross Profit	141.89B
Operating Income	34.85B
Pretax Income	24.39B
Net Income	12.66B
EBITDA	60.27B
EBIT	34.85B
Earnings Per Share (EPS)	153.16

Balance Sheet

The company has 41.76 billion in cash and 119.41 billion in debt, with a net cash position of -77.65 billion or -957.48 per share.

Cash & Cash Equivalents	41.76B
Total Debt	119.41B
Net Cash	-77.65B
Net Cash Per Share	-957.48
Equity (Book Value)	277.08B
Book Value Per Share	3,357.58
Working Capital	59.97B

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross margin is 24.97%, with operating and profit margins of 6.13% and 2.23%.

Gross Margin	24.97%
Operating Margin	6.13%
Pretax Margin	4.29%
Profit Margin	2.23%
EBITDA Margin	10.61%
EBIT Margin	6.13%
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of 96.00, which amounts to a dividend yield of 1.95%.

Dividend Per Share	96.00
Dividend Yield	1.95%
Dividend Growth (YoY)	3.33%
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	3.28%
Shareholder Yield	5.23%
Earnings Yield	3.17%
FCF Yield	n/a

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on November 29, 2023. It was a forward split with a ratio of 2.

Last Split Date	Nov 29, 2023
Split Type	Forward
Split Ratio	2

Scores

TYO:2264 has an Altman Z-Score of 2.49 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	2.49
Piotroski F-Score	4