Morinaga Milk’s Profits Dip Despite Sales Growth

Morinaga Milk Industry Co., Ltd. (JP:2264) has released an update.

Morinaga Milk Industry Co., Ltd. reports a slight increase in net sales by 0.6% but a notable decrease in profits, with profit attributable to owners of parent plummeting by 90.0% in the first quarter of FY2025. Shareholders’ equity ratio improved marginally to 50.7% from 49.0% as of the last fiscal year-end. The company forecasts a continued modest increase in net sales, but a significant drop in profit attributable to owners of parent by the end of the fiscal year.

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