Morinaga & Co. (2201) Earnings: Operating Profit Down 13.7% YoY to 6,123 Million Yen, Net Profit Decreased by 11.7%

Morinaga & Co. (2201) released its financial results, reporting that operating profit decreased by 13.7% YoY to 6.123 billion yen. Net sales were 63.617 billion yen, representing a 5.6% increase compared to the same period of the previous year. However, profit figures experienced a decline, with operating profit dropping 13.7% YoY to 6.123 billion yen and ordinary profit falling 13.7% YoY to 6.214 billion yen. Net income attributable to owners of the parent decreased by 11.7% YoY to 4.458 billion yen, while comprehensive income expanded significantly by 74.2% YoY to 5.297 billion yen.

From a financial and valuation perspective, the company maintains a robust financial structure with an equity ratio of 57.7%. Retained earnings stand at 94.10 billion yen against interest-bearing debt of 41.00 billion yen, reflecting a solid balance sheet. Profitability remains healthy, with a Return on Equity (ROE) of 14.47% and a Return on Assets (ROA) of 7.86%, demonstrating efficient capital utilization. With an EBITDA of 32.55 billion yen, the company underpins its ongoing business operations with strong cash generation capabilities.