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Revision of earnings forecasts2264MORINAGA MILK INDUSTRY CO.,LTD.Food

Notice Regarding Revisions to the Earnings Forecast

For the cumulative second-quarter period and full fiscal year ending March 2027, forecasts for operating profit, ordinary profit, and profit attributable to owners of the parent were revised upward, while the revenue forecast was unchanged.

Worth reading
54Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
2300
Millions of yen (change in full-year ordinary income)
Wording
Conditional
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Six months and full yearPrevious forecast published 13 May 2026
Net Sales2Q cumulative300,000→300,000million
0.0%
Net SalesFull year580,000→580,000million
0.0%
Operating profit2Q cumulative17,900→20,000million
+11.7%
Operating profitFull year32,000→34,000million
+6.3%
Ordinary income2Q cumulative18,400→20,500million
+11.4%
Ordinary incomeFull year32,700→35,000million
+7.0%
Profit attributable to owners of the parent2Q cumulative13,000→14,000million
+7.7%
Profit attributable to owners of the parentFull year20,000→21,000million
+5.0%
Net income per share2Q cumulative40.28→43.37yen and sen
+7.7%
Net income per shareFull year61.96→65.06yen and sen
+5.0%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

Based mainly on performance through the first quarter and the outlook for the overseas business, operating profit, ordinary profit, and profit attributable to owners of the parent for the fiscal year were revised upward. The revenue forecast remains unchanged.

Previous-period results2Q cumulative Net Sales 293,330 / Operating profit 20,805 / Ordinary income 21,949 / Interim net income attributable to owners of the parent 14,637 / Interim net income per share 176.97 / Full year Net Sales 571,458 / Operating profit 34,479 / Ordinary income 37,121 / Profit attributable to owners of the parent 22,599 / Net income per share 276.02
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales2Q cumulative 300,000 / Full year 580,000 → 2Q cumulative 300,000 / Full year 580,000
Operating profit2Q cumulative 17,900 / Full year 32,000 → 2Q cumulative 20,000 / Full year 34,000(2Q cumulative 11.7 / Full year 6.3)
Ordinary income2Q cumulative 18,400 / Full year 32,700 → 2Q cumulative 20,500 / Full year 35,000(2Q cumulative 11.4 / Full year 7)
Profit attributable to owners of the parent2Q cumulative 13,000 / Full year 20,000 → 2Q cumulative 14,000 / Full year 21,000(2Q cumulative 7.7 / Full year 5)
Net income per share2Q cumulative 40.28 / Full year 61.96 → 2Q cumulative 43.37 / Full year 65.06(2Q cumulative 7.7 / Full year 5)
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredSix months and full year
Publication date of previous forecast13 May 2026
Previous-period results2Q cumulative Net Sales 293,330 / Operating profit 20,805 / Ordinary income 21,949 / Interim net income attributable to owners of the parent 14,637 / Interim net income per share 176.97 / Full year Net Sales 571,458 / Operating profit 34,479 / Ordinary income 37,121 / Profit attributable to owners of the parent 22,599 / Net income per share 276.02
Reason for the revisionBased mainly on performance through the first quarter and the outlook for the overseas business, operating profit, ordinary profit, and profit attributable to owners of the parent for the fiscal year were revised upward. The revenue forecast remains unchanged.
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Details and amount of extraordinary lossDividend forecast revision

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The revisions were based mainly on performance through the first quarter and the outlook for the overseas business.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Revisions to the Earnings Forecast | MORINAGA MILK INDUSTRY CO.,LTD. (2264) timely disclosure | Komori