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

Morinaga Milk Industry Statistics

Total Valuation

TYO:2264 has a market cap or net worth of JPY 295.04 billion. The enterprise value is 380.07 billion.

Market Cap	295.04B
Enterprise Value	380.07B

Important Dates

The next estimated earnings date is Tuesday, November 11, 2025.

Earnings Date	Nov 11, 2025
Ex-Dividend Date	Sep 29, 2025

Share Statistics

TYO:2264 has 83.04 million shares outstanding. The number of shares has decreased by -3.79% in one year.

Current Share Class	83.04M
Shares Outstanding	83.04M
Shares Change (YoY)	-3.79%
Shares Change (QoQ)	-0.09%
Owned by Insiders (%)	0.24%
Owned by Institutions (%)	46.41%
Float	73.46M

Valuation Ratios

The trailing PE ratio is 61.53 and the forward PE ratio is 14.45.

PE Ratio	61.53
Forward PE	14.45
PS Ratio	0.52
PB Ratio	1.10
P/TBV Ratio	1.17
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	53.86
EV / Sales	0.67
EV / EBITDA	6.95
EV / EBIT	12.76
EV / FCF	n/a

Financial Position

The company has a current ratio of 1.23, with a Debt / Equity ratio of 0.46.

Current Ratio	1.23
Quick Ratio	0.66
Debt / Equity	0.46
Debt / EBITDA	2.26
Debt / FCF	n/a
Interest Coverage	20.73

Financial Efficiency

Return on equity (ROE) is 1.48% and return on invested capital (ROIC) is 4.89%.

Return on Equity (ROE)	1.48%
Return on Assets (ROA)	3.43%
Return on Invested Capital (ROIC)	4.89%
Return on Capital Employed (ROCE)	8.18%
Revenue Per Employee	75.70M
Profits Per Employee	946,867
Employee Count	7,453
Asset Turnover	1.03
Inventory Turnover	5.01

Taxes

In the past 12 months, TYO:2264 has paid 11.09 billion in taxes.

Income Tax	11.09B
Effective Tax Rate	73.17%

Stock Price Statistics

The stock price has increased by +6.26% in the last 52 weeks. The beta is 0.04, so TYO:2264's price volatility has been lower than the market average.

Beta (5Y)	0.04
52-Week Price Change	+6.26%
50-Day Moving Average	3,346.02
200-Day Moving Average	3,155.27
Relative Strength Index (RSI)	66.60
Average Volume (20 Days)	306,200

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 564.21 billion and earned 7.06 billion in profits. Earnings per share was 84.16.

Revenue	564.21B
Gross Profit	135.81B
Operating Income	30.02B
Pretax Income	15.16B
Net Income	7.06B
EBITDA	54.94B
EBIT	30.02B
Earnings Per Share (EPS)	84.16

Balance Sheet

The company has 43.57 billion in cash and 123.92 billion in debt, giving a net cash position of -80.35 billion or -967.63 per share.

Cash & Cash Equivalents	43.57B
Total Debt	123.92B
Net Cash	-80.35B
Net Cash Per Share	-967.63
Equity (Book Value)	268.24B
Book Value Per Share	3,173.98
Working Capital	41.18B

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 24.07%, with operating and profit margins of 5.32% and 1.25%.

Gross Margin	24.07%
Operating Margin	5.32%
Pretax Margin	2.69%
Profit Margin	1.25%
EBITDA Margin	9.74%
EBIT Margin	5.32%
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of 93.00, which amounts to a dividend yield of 2.62%.

Dividend Per Share	93.00
Dividend Yield	2.62%
Dividend Growth (YoY)	-14.29%
Years of Dividend Growth	8
Payout Ratio	n/a
Buyback Yield	3.79%
Shareholder Yield	6.40%
Earnings Yield	2.39%
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 2.45 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	2.45
Piotroski F-Score	3