Morinaga & Co., Ltd. revised its ordinary income forecast for the current fiscal year downward from ¥22.2 billion to ¥20.5 billion. Cumulative ordinary income for the second quarter fell to ¥11.8 billion, while revenue and operating margin also declined.
On 12 November, Morinaga & Co., Ltd. released its earnings report, announcing that consolidated ordinary income for the six months ended September 2026, the second quarter of the fiscal year ending March 2027, fell 11.9% year on year to ¥11.8 billion. At the same time, it revised its full-year ordinary income forecast downward by 7.7%, from the previous forecast of ¥22.2 billion to ¥20.5 billion. Ordinary income was ¥22.6 billion in the previous fiscal year, and the outlook for a decline in income has strengthened, which could also affect the second-half outlook.
Based on first-half results and the second-half plan, second-half ordinary income is estimated at ¥8.65 billion, down 6.0% year on year, while revenue progress was as follows. Ordinary income for the latest three-month period, July to September, was ¥5.62 billion, and the operating margin declined from 10.1% to 8.9%.