Morinaga & Co (2201.T) Stock Price

Morinaga & Co Price

JPX·CLOSED
2,566.00JPY-6.50 (-0.25 %)
Market closed

Over the last 19 years Morinaga & Co grew revenue by 1.6% annually, reaching 228.96 B JPY. Earnings per share have grown at 7.0% per year over the last 18 years. For Morinaga & Co, the net margin of 7.7% is broadly stable versus 8.0% a few years ago. At today's price the dividend yield works out to roughly 3.60%. The payout ratio is around 46% of earnings. The dividend has grown at 16.6% per year over the past 19 years. The consensus 12-month price target for Morinaga & Co is 3,570.00 JPY, about 39.1% above where the stock trades today. Of 8 analysts, 5 rate the stock a buy — an overall Buy consensus. The stock trades about 6% above its 52-week low.

Morinaga & Co stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Morinaga & Co over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Morinaga & Co stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Morinaga & Co's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Morinaga & Co Stock Price History
DateMorinaga & Co Price
8/10/20262,566.00 JPY
8/7/20262,572.50 JPY
8/6/20262,579.00 JPY
8/5/20262,530.50 JPY
8/4/20262,554.00 JPY
8/3/20262,627.00 JPY
7/31/20262,674.00 JPY
7/30/20262,744.50 JPY
7/29/20262,814.00 JPY
7/28/20262,726.50 JPY
7/27/20262,692.00 JPY
7/24/20262,648.50 JPY
7/23/20262,647.50 JPY
7/22/20262,658.00 JPY
7/21/20262,707.50 JPY
7/17/20262,702.50 JPY
7/16/20262,658.50 JPY
7/15/20262,661.00 JPY
7/14/20262,714.00 JPY
7/13/20262,668.50 JPY
7/10/20262,660.50 JPY
7/9/20262,710.50 JPY
7/8/20262,737.00 JPY
7/7/20262,702.50 JPY
7/6/20262,703.50 JPY
7/3/20262,691.50 JPY
7/2/20262,664.50 JPY
7/1/20262,600.50 JPY
6/30/20262,609.00 JPY
6/29/20262,638.50 JPY
6/26/20262,610.50 JPY
6/25/20262,576.50 JPY
6/24/20262,558.00 JPY
6/23/20262,544.50 JPY
6/22/20262,519.50 JPY
6/19/20262,485.00 JPY
6/18/20262,510.50 JPY
6/17/20262,508.00 JPY
6/16/20262,532.50 JPY
6/15/20262,552.00 JPY
6/12/20262,566.00 JPY
6/11/20262,584.00 JPY
6/10/20262,562.50 JPY
6/9/20262,516.50 JPY
6/8/20262,481.00 JPY
6/5/20262,466.50 JPY
6/4/20262,458.00 JPY
6/3/20262,482.00 JPY
6/2/20262,487.00 JPY
6/1/20262,503.00 JPY
5/29/20262,505.50 JPY
5/28/20262,494.50 JPY
5/27/20262,512.50 JPY
5/26/20262,494.00 JPY
5/25/20262,493.50 JPY
5/22/20262,545.00 JPY
5/21/20262,563.50 JPY
5/20/20262,509.00 JPY
5/19/20262,573.00 JPY
5/18/20262,477.50 JPY
5/15/20262,479.50 JPY
5/14/20262,463.50 JPY
5/13/20262,473.50 JPY
5/12/20262,420.50 JPY
5/11/20262,670.00 JPY
5/8/20262,649.50 JPY
5/7/20262,655.00 JPY
5/1/20262,681.50 JPY
4/30/20262,676.00 JPY
4/28/20262,724.50 JPY
4/27/20262,709.50 JPY
4/24/20262,733.50 JPY
4/23/20262,721.00 JPY
4/22/20262,744.00 JPY
4/21/20262,769.00 JPY
4/20/20262,795.00 JPY
4/17/20262,800.00 JPY
4/16/20262,814.00 JPY
4/15/20262,862.00 JPY
4/14/20262,819.50 JPY
4/13/20262,827.50 JPY
4/10/20262,809.50 JPY
4/9/20262,843.50 JPY
4/8/20262,825.00 JPY
4/7/20262,830.00 JPY
4/6/20262,826.50 JPY
4/3/20262,803.00 JPY
3/27/20262,735.50 JPY
3/26/20262,703.50 JPY
3/25/20262,680.00 JPY
3/24/20262,668.50 JPY
3/23/20262,623.00 JPY
3/19/20262,669.00 JPY
3/18/20262,698.50 JPY
3/17/20262,672.50 JPY
3/16/20262,666.00 JPY
3/13/20262,651.50 JPY
3/12/20262,637.50 JPY
3/11/20262,692.00 JPY
3/9/20262,714.50 JPY
3/6/20262,774.00 JPY
3/5/20262,779.50 JPY
2/27/20262,889.50 JPY
2/26/20262,845.00 JPY
2/25/20262,860.00 JPY
2/24/20262,860.00 JPY
2/20/20262,807.50 JPY
2/19/20262,811.50 JPY
2/18/20262,805.50 JPY
2/17/20262,771.00 JPY
2/16/20262,804.00 JPY
2/13/20262,751.00 JPY
2/12/20262,750.00 JPY
2/10/20262,763.00 JPY
2/9/20262,755.00 JPY
2/6/20262,780.00 JPY
2/5/20262,759.50 JPY
2/4/20262,718.50 JPY
2/3/20262,707.00 JPY
2/2/20262,701.00 JPY
1/30/20262,696.00 JPY
1/29/20262,696.50 JPY
1/28/20262,710.00 JPY
1/27/20262,756.00 JPY
1/26/20262,754.50 JPY
1/23/20262,760.00 JPY
1/22/20262,790.00 JPY
1/19/20262,753.00 JPY
1/16/20262,684.00 JPY
1/15/20262,690.50 JPY
1/14/20262,754.50 JPY
1/13/20262,730.00 JPY
1/9/20262,705.00 JPY
1/8/20262,680.00 JPY
1/7/20262,691.00 JPY
1/6/20262,740.50 JPY
1/5/20262,666.50 JPY
12/30/20252,660.00 JPY
12/29/20252,662.50 JPY
12/26/20252,653.50 JPY
12/25/20252,670.00 JPY
12/24/20252,667.00 JPY
12/23/20252,668.00 JPY
12/22/20252,627.00 JPY
12/19/20252,652.50 JPY
12/18/20252,636.00 JPY
12/17/20252,615.50 JPY
12/16/20252,626.00 JPY
12/15/20252,620.50 JPY
12/12/20252,596.00 JPY
12/11/20252,588.50 JPY
12/10/20252,622.00 JPY
12/9/20252,617.50 JPY
12/8/20252,632.50 JPY
12/5/20252,598.00 JPY
12/4/20252,607.50 JPY
12/3/20252,612.50 JPY
12/2/20252,624.00 JPY
12/1/20252,635.00 JPY
11/28/20252,670.00 JPY
11/27/20252,666.50 JPY
11/26/20252,706.00 JPY
11/25/20252,681.50 JPY
11/21/20252,672.00 JPY
11/20/20252,641.50 JPY
11/19/20252,677.50 JPY
11/18/20252,642.00 JPY
11/17/20252,629.50 JPY
11/14/20252,586.00 JPY
11/13/20252,565.50 JPY
11/12/20252,700.00 JPY
11/11/20252,687.50 JPY
11/10/20252,686.50 JPY
11/7/20252,708.00 JPY
11/6/20252,672.00 JPY
11/5/20252,672.50 JPY
11/4/20252,657.50 JPY
10/31/20252,655.50 JPY
10/30/20252,660.00 JPY
10/29/20252,671.00 JPY
10/28/20252,698.50 JPY
10/27/20252,713.00 JPY
10/24/20252,687.00 JPY
10/23/20252,664.50 JPY
10/22/20252,649.00 JPY
10/21/20252,622.50 JPY
10/20/20252,611.00 JPY
10/17/20252,593.00 JPY
10/16/20252,573.50 JPY
10/15/20252,602.50 JPY
10/14/20252,580.00 JPY
10/10/20252,585.00 JPY
10/9/20252,571.00 JPY
10/8/20252,599.50 JPY
10/7/20252,607.00 JPY
10/6/20252,606.50 JPY
10/3/20252,573.50 JPY
10/2/20252,555.50 JPY
10/1/20252,583.50 JPY
9/30/20252,619.50 JPY
9/29/20252,614.50 JPY
9/26/20252,675.00 JPY
9/25/20252,658.00 JPY
9/24/20252,621.50 JPY
9/22/20252,635.00 JPY
9/19/20252,642.00 JPY
9/18/20252,657.50 JPY
9/17/20252,679.00 JPY
9/16/20252,711.50 JPY
9/12/20252,702.00 JPY
9/11/20252,715.00 JPY
9/10/20252,705.50 JPY
9/9/20252,713.50 JPY
9/8/20252,723.00 JPY
9/5/20252,701.50 JPY
9/4/20252,707.00 JPY
9/3/20252,698.00 JPY
9/2/20252,691.00 JPY
9/1/20252,691.00 JPY
8/29/20252,672.00 JPY
8/28/20252,700.00 JPY
8/27/20252,666.50 JPY
8/26/20252,670.00 JPY
8/25/20252,692.50 JPY
8/22/20252,687.50 JPY
8/21/20252,688.00 JPY
8/20/20252,706.00 JPY
8/19/20252,664.00 JPY
8/18/20252,634.00 JPY
8/15/20252,632.50 JPY
8/14/20252,605.00 JPY
8/13/20252,582.50 JPY
8/12/20252,595.00 JPY
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Morinaga & Co Revenue, EBIT, Net Income

  • 3 Years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
194.37 B JPY
15.15 B JPY
10.06 B JPY
Jan 1, 2024
213.37 B JPY
20.23 B JPY
15.15 B JPY
Jan 1, 2025
228.96 B JPY
21.24 B JPY
17.71 B JPY
Jan 1, 2026 (e)
235.15 B JPY
28.20 B JPY
19.56 B JPY
Jan 1, 2027 (e)
252.68 B JPY
30.30 B JPY
18.35 B JPY
Jan 1, 2028 (e)
260.50 B JPY
31.24 B JPY
19.59 B JPY
Jan 1, 2029 (e)
268.55 B JPY
32.20 B JPY
21.42 B JPY
Jan 1, 2030 (e)
278.70 B JPY
33.42 B JPY
22.26 B JPY

Morinaga & Co Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 10, 2026, 2:31 PM
 
REVENUEB JPY
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB JPY
EBITB JPY
EBIT MARGIN%
NET INCOMEB JPY
NET INCOME GROWTH%
DIV.JPY
DIV. GROWTH%
SHARESM
20162017201820192020202120222023202420252026e2027e2028e2029e2030e2031e
181.87199.48205.02205.37208.88168.24181.25194.37213.37228.96235.15252.68260.50268.55278.70287.50
2.219.682.780.171.71-19.467.737.249.777.312.707.453.103.093.783.16
48.1750.3151.0151.8752.7343.1441.8339.4440.6339.3339.3339.3339.3339.3339.3339.33
87.60100.35104.59106.52110.1372.5875.8376.6586.6990.0592.4899.37102.45105.62109.61113.07
11.4117.5819.7220.1621.1519.0517.5715.1520.2321.2428.2030.3031.2432.2033.4234.48
6.278.819.629.8210.1211.329.707.799.489.2811.9911.9911.9911.9911.9911.99
8.0911.1210.2912.8210.8213.4227.7710.0615.1517.7119.5618.3519.5921.4222.2625.00
112.6137.36-7.4324.56-15.5423.95107.01-63.7850.6516.8710.44-6.176.729.353.9512.28
30.0035.0045.0050.0066.0072.0072.0090.00100.00110.00125.00150.00180.00–––
–16.6728.5711.1132.009.09–25.0011.1110.0013.6420.0020.00–––
52.0552.0452.0351.8650.30100.60100.5296.3791.5188.1888.1888.1888.1888.1888.1888.18
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Morinaga & Co generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Morinaga & Co retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Morinaga & Co's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Morinaga & Co has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Morinaga & Co's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Morinaga & Co stock margins

The Morinaga & Co margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Morinaga & Co. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Morinaga & Co.

  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
43.14 %
11.32 %
7.97 %
Jan 1, 2022
41.83 %
9.70 %
15.32 %
Jan 1, 2023
39.44 %
7.79 %
5.18 %
Jan 1, 2024
40.63 %
9.48 %
7.10 %
Jan 1, 2025
39.33 %
9.28 %
7.74 %
Jan 1, 2026 (e)
39.33 %
11.99 %
8.32 %
Jan 1, 2027 (e)
39.33 %
11.99 %
7.26 %
Jan 1, 2028 (e)
39.33 %
11.99 %
7.52 %

Morinaga & Co Stock Revenue, EBIT, Earnings per Share

The Morinaga & Co earnings per share therefore indicates how much revenue Morinaga & Co has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
1,672.43 JPY
189.32 JPY
133.37 JPY
Jan 1, 2022
1,803.13 JPY
174.82 JPY
276.29 JPY
Jan 1, 2023
2,016.90 JPY
157.20 JPY
104.38 JPY
Jan 1, 2024
2,331.64 JPY
221.11 JPY
165.60 JPY
Jan 1, 2025
2,596.56 JPY
240.90 JPY
200.85 JPY
Jan 1, 2026 (e)
2,666.79 JPY
319.80 JPY
221.82 JPY
Jan 1, 2027 (e)
2,865.54 JPY
343.63 JPY
208.14 JPY
Jan 1, 2028 (e)
2,954.28 JPY
354.27 JPY
222.14 JPY

Morinaga & Co business model & stock analysis

Morinaga & Co Ltd is a Japanese company that was founded in 1899. Originally started as a small family business, it has grown to become one of the largest food and confectionery manufacturers in Japan. Morinaga produces a variety of products, including candy, dairy products, and plant-based supplements. The business model of Morinaga is very diverse. The company produces and distributes products in various categories such as candy, dairy products, and health products. Morinaga is also known as an innovative company that constantly develops new products and technologies. There is a strong focus on the development and marketing of products for children and babies. The confectionery division of Morinaga includes a wide range of products, including chocolate bars, chewing gum, candies, and cookies. The most well-known product from Morinaga is probably the Hi-Chew chewy candy. These delicious fruit-flavored candies come in countless varieties and are available in many countries worldwide. Morinaga also produces dairy products, such as yogurt and milk drinks. A special specialty is "Aloe Yogurt," which is blended with pieces of aloe vera. These products are very health-promoting due to their high content of probiotic cultures and amino acids. The health product division of Morinaga is also very successful. The company produces plant-based dietary supplements. Examples include extracts from green tea, Ginkgo Biloba, and other herbs. Morinaga also has a department for the production of cosmetic products. The company produces shampoos, hand creams, and other beauty products with plant-based ingredients. These products emphasize the natural beauty secrets of the world and are often marketed as environmentally friendly. Morinaga has had some difficulties in the past due to food scandals and recalled products. However, the company has improved its quality management and introduced strict standards to avoid future problems. Morinaga is committed to ensuring the food safety and quality of its products and maintains strong customer relationships in all markets. Currently, the company is in a phase of growth and expansion, particularly in global markets. The company has built a network of subsidiaries, joint ventures, and distributors to distribute its products worldwide. Morinaga will certainly continue to remain innovative and focus on the development of new products and technologies to meet the needs of customers.

Morinaga & Co SWOT Analysis

Strengths

Morinaga & Co Ltd exhibits several strengths that contribute to its success and competitive advantage. These include:

  • Strong brand reputation and recognition in the market
  • Wide product portfolio catering to diverse customer needs
  • Established distribution networks and strong presence in domestic and international markets
  • High-quality and innovative product offerings
  • Efficient and effective supply chain management

Weaknesses

Despite its strengths, Morinaga & Co Ltd faces certain weaknesses that can impede its growth and performance. These include:

  • Dependence on a limited number of key suppliers for raw materials
  • Relatively low market share compared to some competitors
  • Limited presence in certain geographic markets
  • Challenges in adapting to rapidly changing consumer preferences
  • Higher production costs compared to some competitors

Opportunities

Morinaga & Co Ltd has several opportunities that can support its growth and expansion. These include:

  • Increasing consumer demand for healthier and organic food products
  • Growing market for functional and fortified food items
  • Expanding into emerging markets with rising disposable incomes
  • Collaborations and partnerships with other food companies
  • Development and introduction of new product variations

Threats

Morinaga & Co Ltd faces certain threats that can negatively impact its business performance. These include:

  • Intense competition from both domestic and international food companies
  • Fluctuating raw material prices affecting profitability
  • Changing government regulations and trade policies
  • Potential disruptions in the supply chain
  • Consumer trends shifting towards healthier alternatives and away from traditional snacks

Morinaga & Co Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Morinaga & Co historical P/E ratio, EBIT multiple, and P/S ratio

Morinaga & Co annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Morinaga & Co shares outstanding

The number of shares of Morinaga & Co was 88.18 M in 2025. This indicates how many shares Morinaga & Co is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
100.60 M Stocks
Jan 1, 2022
100.52 M Stocks
Jan 1, 2023
96.37 M Stocks
Jan 1, 2024
91.51 M Stocks
Jan 1, 2025
88.18 M Stocks
Jan 1, 2026 (e)
88.18 M Stocks
Jan 1, 2027 (e)
88.18 M Stocks
Jan 1, 2028 (e)
88.18 M Stocks

Morinaga & Co stock splits

In Morinaga & Co's history, there have been no stock splits.

Morinaga & Co Dividend History

34 years of dividend payments

YearAnnual DividendYoY ChangePayments
202632.50JPYYTD—1×
Mar 30, 202632.50JPY 0.0%1/1
202592.50JPY↑ 68.2%2×
Mar 28, 202560.00JPY↑ 9.1%1/2
Sep 29, 202532.50JPY↓ 45.8%2/2
202455.00JPY↓ 45.0%1×
2023100.00JPY↑ 11.1%1×
202290.00JPY↑ 12.5%1×
202180.00JPY↑ 11.1%1×
202072.00JPY↑ 9.1%1×
201966.00JPY↑ 32.0%1×
201850.00JPY↑ 11.1%1×
201745.00JPY↑ 542.9%1×

Morinaga & Co dividend history and estimates

In 2025, Morinaga & Co paid a dividend amounting to 92.50 JPY. Dividend means that Morinaga & Co distributes a portion of its profits to its owners.

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021 (e)
80.00 JPY
-8.00 JPY
Jan 1, 2022 (e)
90.00 JPY
-18.00 JPY
Jan 1, 2023 (e)
100.00 JPY
-10.00 JPY
Jan 1, 2024 (e)
55.00 JPY
45.00 JPY
Jan 1, 2025 (e)
92.50 JPY
17.50 JPY
Jan 1, 2026
125.00 JPY
0.00 JPY
Jan 1, 2027 (e)
0.00 JPY
150.00 JPY
Jan 1, 2028 (e)
0.00 JPY
180.00 JPY

Morinaga & Co dividend payout ratio

In 2025, Morinaga & Co had a payout ratio of 46.06%. The payout ratio indicates the percentage of the company's profits that Morinaga & Co distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
26.99 %
Jan 1, 2022
16.29 %
Jan 1, 2023
47.90 %
Jan 1, 2024
33.21 %
Jan 1, 2025
46.06 %
Jan 1, 2026 (e)
56.35 %
Jan 1, 2027 (e)
72.07 %
Jan 1, 2028 (e)
81.03 %

Current Morinaga & Co forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
2.94 %
Buy
62.50 % (5)
Hold
37.50 % (3)
Sell
0.00 % (0)
12M Price Target
3,570.00
Last Price
2,566.00
Currency
JPY
12M Return Potential
39.13 %
LTM Return
0 %

Morinaga & Co Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/9/202418.61JPY-49.89 BJPY-2024 Q4
2/8/202465.08JPY-53.74 BJPY-2024 Q3
8/11/2021-JPY-40.28 BJPY-2022 Q1
5/13/2021-JPY-45.61 BJPY-2021 Q4
2/10/2021-JPY-51.52 BJPY-2021 Q3
5/14/2020-JPY-49.23 BJPY-2020 Q4
2/8/2019-JPY-53.19 BJPY-2019 Q3
5/11/2018-JPY-49.33 BJPY-2018 Q4
2/8/2018-JPY-53.19 BJPY-2018 Q3
11/9/2017-JPY-54.40 BJPY-2018 Q2

EESG©

Eulerpool ESG Scorecard© for the Morinaga & Co stock

62/100
84
Environment
58
Social
45
Governance
E

Environment

20
Scope 1 - Direct Emissions26,287
Scope 2 - Indirect emissions from purchased energy60,301
Scope 3 - Indirect emissions within the value chain520,920
Total CO₂ emissions86,588
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees23.04
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Morinaga & Co shareholder structure

% Name
3.16031%
Nomura Asset Management Co., Ltd.
Nomura Asset Management Co., Ltd.
2.63171%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.42520%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.34208%
Nikko Asset Management Co., Ltd.
Nikko Asset Management Co., Ltd.
1.29591%
MFS Investment Management
MFS Investment Management
1.26713%
Daiwa Asset Management Co., Ltd.
Daiwa Asset Management Co., Ltd.

Morinaga & Co Beneficial Ownership Filings (SEC 13D/G)

Free Float
87.7%
Float Shares
-
Shares Outstanding
-

Morinaga & Co Executives and Management Board

24 members · avg. age 61 · 13 % women

Management

EO

Mr. Eijiro Ohta (65)

President, Representative Director · since 2010

–
DF

Mr. Daisuke Fujii (59)

Managing Executive Officer, Director · since 2019

–
SM

Mr. Shinya Mori (62)

Managing Executive Officer, Director · since 2016

–
TT

Mr. Tetsuya Takagi (61)

Senior Executive Officer, President of Subsidiary, Director · since 2022

–
HM

Mr. Hideki Matsunaga (57)

Senior Executive Officer, Director · since 2018

–
KT

Mr. Kenji Takanami (52)

Senior Executive Officer, Director · since 2024

–

Board of Directors

SS

Mr. Shinji Sakaki (67)

Independent Director

–
TS

Ms. Tamaki Sawamura (61)

Independent Director

–
KU

Ms. Kuniko Urano (67)

Independent Director

–

Frequently asked questions about Morinaga & Co

Morinaga & Co Ltd is a leading Japanese food and confectionery company. Its business model revolves around manufacturing, distributing, and selling a diverse range of products. Morinaga focuses on producing high-quality food and confectionery items through innovative technology and extensive research. The company primarily operates in three segments – Confectionery, Chilled and Frozen, and Health and Nutrition. Morinaga offers a wide range of products including chocolates, dairy products, beverages, snacks, and supplements. With their emphasis on product development, marketing, and consumer satisfaction, Morinaga has established itself as a prominent player in the food industry, continuously striving to provide delicious and nutritious options to their customers.

Morinaga & Co Ltd is primarily active in the food and beverage industry.

The main competitors of Morinaga & Co Ltd in the market are Meiji Holdings Co Ltd, Glico Ltd, and Ezaki Glico Co Ltd.

Morinaga & Co Ltd, a renowned Japanese company, has a rich history and background. Established in 1899, Morinaga has become a leading producer of confectionery, dairy products, and other food items in Japan. With nearly 120 years of experience, Morinaga has built a strong reputation for its high-quality products and commitment to customer satisfaction. The company has expanded its reach globally and introduced well-known brands like Hi-Chew and Choco-Ball. Morinaga continues to innovate and adapt to market trends, ensuring its position as a leader in the food industry. With its long-established presence and dedication to excellence, Morinaga & Co Ltd remains a trusted and reputable company in the marketplace.

Morinaga & Co Ltd has achieved several significant milestones throughout its history. Established in 1899, it has become one of Japan's leading food and confectionery companies. Morinaga & Co Ltd introduced its iconic product, the Milk Caramel, in 1918, which enjoyed immense popularity. Over the years, the company expanded its product range and successfully developed numerous beloved brands such as Hi-Chew candy and Choco Ball. In 1974, Morinaga & Co Ltd listed on the Tokyo Stock Exchange, further solidifying its position in the market. With over a century of innovation and success, Morinaga & Co Ltd continues to be a trusted and recognized name in the food industry.

Morinaga & Co Ltd is primarily present in Japan.

Morinaga & Co Ltd represents values of innovation, quality, and customer satisfaction. Committed to excellence, the company focuses on developing and delivering high-quality products that meet the changing needs of consumers. With a corporate philosophy rooted in contributing to society, Morinaga aims to create a harmonious relationship between people, products, and the environment. By prioritizing integrity, trust, and social responsibility, Morinaga strives to exceed expectations and build long-lasting relationships with its customers and stakeholders. This commitment to its values and corporate philosophy has made Morinaga & Co Ltd a trusted and respected global brand in the food industry.

Analysts currently set an average price target of 3,366.00 JPY for the Morinaga & Co stock (median: 3,570.00 JPY), implying +31.2 % versus the latest price. The consensus is based on 8 analyst ratings.

Morinaga & Co Analyst Price Targets 2026

8 analysts currently rate the Morinaga & Co stock: 5 recommend buying, 3 holding and 0 selling. For 2026, analysts expect Morinaga & Co to generate revenue of 235.15 B JPY and earnings per share of 221.81 JPY.

Morinaga & Co Analyst Price Targets 2026

Converted at the current exchange rate, the Morinaga & Co share trades at 14.07 EUR (2,566.00 JPY).

Morinaga & Co Ltd is a Japanese company that has been active in the market since 1899. The company has developed and produced a wide variety of products, which are divided into various business segments. The company's business model is based on the production of food, particularly candies, beverages, and baby food. The confectionery division of Morinaga & Co Ltd is one of the most well-known in Japan. The best-selling products are the fruity chewing gum Hi-Chew and the artificial rice balls Dars. The company strives to continuously launch new product introductions to strengthen its market position. Another well-known product is the milk beverage Ymm, which is available in various flavors. Morinaga & Co Ltd is also active in the pharmaceutical industry. Here, the company specializes in Morinaga-Milk-Lactic-Acid-Bacteria, which is offered as a dietary supplement. These bacteria are said to contribute to strengthening the immune system and increasing vitality. Another pillar of the company is the production of baby food. In this business segment, Morinaga & Co Ltd offers various food and drinks for babies and toddlers. The product range includes powdered milk, purees, yogurts, and juice drinks. The company places special emphasis on the quality and safety of its products. Morinaga & Co Ltd has also developed a wide range of non-food products. One of the most well-known product lines is the cloth and cleaning products called "Deonize". These products were developed to ensure the most effective cleaning with minimal environmental impact. In addition, Morinaga & Co Ltd operates a network of retail stores that offer its own products as well as selected products from other manufacturers. These stores can be found in many Japanese cities and contribute to increasing brand awareness as a distribution channel. Conclusion Morinaga & Co Ltd specializes in the production of food, pharmaceutical products, and non-food products. The company stands out for its wide range of products and places great emphasis on quality and safety in the manufacturing process. With its broad diversification, the company is able to serve various business segments and thus increase its growth potential.

The expected revenue of Morinaga & Co is 235.15 B JPY. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Morinaga & Co is 19.56 B JPY. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Morinaga & Co is currently 11.57. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Morinaga & Co stock.

The price-to-sales ratio (P/S) of Morinaga & Co is currently 0.96. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Morinaga & Co stock.

The Eulerpool Quality Score for Morinaga & Co is 6/10.

The ISIN of Morinaga & Co is JP3926400007. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Morinaga & Co is 857222. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Morinaga & Co is 2201.T. The ticker symbol is used to trade Morinaga & Co shares on the stock exchange.

Over the past 12 months, Morinaga & Co paid a dividend of 92.50 JPY . This corresponds to a dividend yield of about 3.60 %. For the coming 12 months, Morinaga & Co is expected to pay a dividend of 150.00 JPY.

The current dividend yield of Morinaga & Co is 3.60 %.

Morinaga & Co pays a dividend, distributed in the months of , , , .

Morinaga & Co paid dividends every year for the past 26 years.

For the upcoming 12 months, dividends amounting to 150.00 JPY are expected. This corresponds to a dividend yield of 5.85 %.

Morinaga & Co is assigned to the 'Non-cyclical consumption' sector.

To receive the latest dividend of Morinaga & Co from amounting to 32.5 JPY, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Morinaga & Co distributed 50 JPY as dividends.

The dividends of Morinaga & Co are distributed in JPY.

All fundamentals and in-depth analysis of Morinaga & Co

Our stock analysis for Morinaga & Co stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Morinaga & Co. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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