Morinaga&Co.,Ltd.
2201森永製菓株式会社
Latest half-year results
First half · fiscal year to 2026-03 · filed 2025-11-13For the first half of the fiscal year to 2026-03: Revenue ¥121.9 billion (+2.5% YoY), Ordinary income ¥13.4 billion (-4.6% YoY), Net income ¥11 billion (+3.8% YoY).
| This period | Year on year | |
|---|---|---|
| Revenue | ¥121.9bn | +2.5% |
| Ordinary profit | ¥13.4bn | -4.6% |
| Net profit to owners | ¥11.0bn | +3.8% |
From the securities report on EDINET, which states no forecast. History via /v1/companies/2201/earnings-releases.
Financials
Japan GAAP · consolidated · fiscal year to 2026-03-31- Revenue
- ¥236.7bn
- Net income
- ¥17.8bn
- ROE
- 13.0%
- Equity ratio
- 62.8%
- Dividend / share
- ¥65
- Employees
- 3,222
| Fiscal year | Revenue | Net income | Total assets | Net assets | ROE | EPS | Operating CF |
|---|---|---|---|---|---|---|---|
| 2026-03-31 | ¥236.7bn | ¥17.8bn | ¥225.9bn | ¥143.7bn | 13.0% | ¥211.07 | ¥23.6bn |
| 2025-03-31 | ¥229.0bn | ¥17.7bn | ¥210.0bn | ¥132.4bn | 13.5% | ¥200.85 | ¥10.8bn |
| 2024-03-31 | ¥213.4bn | ¥15.2bn | ¥223.6bn | ¥132.7bn | 11.8% | ¥165.6 | ¥30.2bn |
| 2023-03-31 | ¥194.4bn | ¥10.1bn | ¥205.2bn | ¥125.9bn | 7.9% | ¥104.38 | −¥3.0bn |
| 2022-03-31 | ¥181.3bn | ¥27.8bn | ¥214.3bn | ¥131.2bn | 22.0% | ¥276.29 | ¥24.8bn |
Indicators
Computed by us from filings · fiscal year to 2026-03-31| Metric | Value | Percentile among listed companies |
|---|---|---|
| ROE, % | 13 | 71.9 |
| Ordinary margin | 0.0957 | 66 |
| Equity ratio, % | 62.8 | 62.6 |
| Revenue growth | 0.0337 | 41.6 |
| Net income growth | 0.0031 | 35.9 |
| Operating cash flow / assets | 0.1046 | 75.1 |
Results wording balance: +0.55. Proprietary text method; it describes the wording only and does not interpret context.
Interest example: if all ¥19.0bn of reported debt repriced by 50 basis points, a year's interest would rise by ¥95m, 0.4% of operating cash flow. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.
Via /v1/companies/2201/indicators. Descriptive figures, not a rating and not investment advice.
From other filings
As the company states themSegments, votes and tender offers
Stated in EDINET filings/v1/companies/2201/segmentsOwnership changes
All companies →- 2026-07-08
Grantham, Mayo, Van Otterloo & Co. LLC states it may make proposals to the management of Morinaga&Co.,Ltd. (2201) (first filing).
- 2026-07-08
Grantham, Mayo, Van Otterloo & Co. LLC disclosed a 5.02% stake in Morinaga&Co.,Ltd. (2201), crossing the 5% reporting threshold.
- 2024-07-29
Mitsubishi UFJ Financial Group, Inc. cut holdings in Morinaga&Co.,Ltd. (2201) to 4.65% from 5.01%, below the 5% threshold.
- 2023-05-29
Mitsubishi UFJ Financial Group, Inc. reduced holdings in Morinaga&Co.,Ltd. (2201) to 5.01% from 7.44%.
- 2023-04-06
Silchester International Investors LLP cut holdings in Morinaga&Co.,Ltd. (2201) to 4.10% from 5.11%, below the 5% threshold.
- 2023-03-15
Silchester International Investors LLP reduced holdings in Morinaga&Co.,Ltd. (2201) to 5.11% from 6.15%.
- 2022-12-23
Silchester International Investors LLP raised holdings in Morinaga&Co.,Ltd. (2201) to 6.15% from 5.03%.
- 2022-04-22
Mizuho Bank,Ltd. cut holdings in Morinaga&Co.,Ltd. (2201) to 4.52% from 5.58%, below the 5% threshold.
- 2022-02-24
Silchester International Investors LLP states it may make proposals to the management of Morinaga&Co.,Ltd. (2201) (first filing).
- 2022-02-24
Silchester International Investors LLP disclosed a 5.03% stake in Morinaga&Co.,Ltd. (2201), crossing the 5% reporting threshold.
Trades by 5% holders
From the 60-day trade tables in 5% reports| Holder | Period | Net shares | Net % of shares | Avg. filed price | Range |
|---|---|---|---|---|---|
| Grantham, individual holder, Van Otterloo & Co. LLC | 2026-05-07 – 2026-07-01 | +1,963,300 | +2.26pt | — | — |
| Silchester International Investors LLP | 2021-12-29 – 2023-04-05 | -114,900 | −0.44pt | ¥3,788.2 | ¥3,589–3,974 |
Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/2201/trades.
5% filings
Large shareholding reports on 2201| Filed | Filer | Stake | Change | Stated purpose |
|---|---|---|---|---|
| 2026-07-08 | Grantham, Mayo, Van Otterloo & Co. LLC | 5.02% | — | may make proposals pure investment |
| 2024-07-29 | Mitsubishi UFJ Financial Group, Inc. | 4.65% | −0.36pt | strategic holding |
| 2023-05-29 | Mitsubishi UFJ Financial Group, Inc. | 5.01% | −2.43pt | strategic holding |
| 2023-04-06 | Silchester International Investors LLP | 4.10% | −1.01pt | may make proposals |
| 2023-03-15 | Silchester International Investors LLP | 5.11% | −1.04pt | may make proposals |
| 2022-12-23 | Silchester International Investors LLP | 6.15% | +1.12pt | may make proposals |
| 2022-04-22 | Mizuho Bank,Ltd. | 4.52% | −1.06pt | — |
| 2022-02-24 | Silchester International Investors LLP | 5.03% | — | may make proposals |
Cross-shareholdings
From the annual report's status of shareholdings- Listed strategic holdings
- 13 issues
- Book value
- ¥9.7bn
- Sold in the year
- ¥3.7bn 8 issues
- Bought in the year
- ¥1m 2 issues
- Mutual, both reports
- 3
- Held by listed cos.
- 41
| Holds | Book value | Shares vs. prior year | Mutual |
|---|---|---|---|
| MORINAGA MILK INDUSTRY CO.,LTD 2264 | ¥9,909m | 0.0% | both reports |
| MORINAGA MILK INDUSTRY CO.,LTD 2264 | ¥6,553m | 0.0% | both reports |
| Seven & i Holdings Co., Ltd. 3382 | ¥772m | 0.0% | no |
| イオン㈱（注）４ | ¥565m | +200.0% | no |
| Mitsubishi UFJ Financial Group, Inc. 8306 | ¥520m | -85.7% | no |
| 伊藤忠食品㈱ 2692 | ¥486m | 0.0% | stated |
| JAPAN TOBACCO INC. 2914 | ¥481m | 0.0% | no |
| KANEKA CORPORATION 4118 | ¥153m | 0.0% | no |
| ARCS COMPANY,LIMITED 9948 | ¥61m | 0.0% | no |
| MARUICHI Co.,Ltd. 8228 | ¥52m | +1.1% | both reports |
Held by: MORINAGA MILK INDUSTRY CO.,LTD 2264, Nippon Paper Industries Co., Ltd. 3863, Oji Holdings Corporation 3861, taisei oncho co.,ltd. 1904, TOPPAN Holdings Inc. 7911, T.HASEGAWA CO.,LTD. 4958, FUJI MEDIA HOLDINGS, INC. 4676, KITANO CONSTRUCTION CORP. 1866, NIPPN CORPORATION 2001, Yamatane Corporation 9305, MiyoshiOil&FatCo.,Ltd. 4404, TAIYOKAGAKU CO.,LTD. 2902 and 29 more
Purposes, all holdings and mutual flags via /v1/companies/2201/cross-holdings. Share changes include stock splits.
Major shareholders
As of fiscal year end 2026-03-31| Shareholder | Shares | Ratio |
|---|---|---|
| 日本マスタートラスト信託銀行株式会社（信託口） | 10,743,000 | 12.78% |
| 株式会社日本カストディ銀行（信託口） | 7,138,000 | 8.49% |
| 森永製菓取引先持株会 | 6,451,000 | 7.67% |
| 明治安田生命保険相互会社 | 2,242,000 | 2.66% |
| STATE STREET BANK AND TRUST COMPANY 505001 | 2,149,000 | 2.55% |
| THE CHASE MANHATTAN BANK,N.A. LONDONSECS LENDING OMNIBUS ACCOUNT | 1,383,000 | 1.64% |
| 森永乳業株式会社 | 1,372,000 | 1.63% |
| 森永製菓グループ従業員持株会 | 1,288,000 | 1.53% |
| JP MORGAN CHASE BANK 385781 | 1,066,000 | 1.26% |
| 日本生命保険相互会社 | 961,000 | 1.14% |
U.S. funds holding 2201
SEC Form N-PORT, reports to 2026-07-3175 U.S. funds held 6,582,668 shares worth $107.2m.
| Fund | Shares | Value | % of fund | As of |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 1,045,544 | $17.3m | 0.003% | 2026-07-31 |
| VANGUARD DEVELOPED MARKETS INDEX FUND VANGUARD TAX-MANAGED FUNDS | 681,304 | $10.9m | 0.003% | 2026-06-30 |
| iShares Core MSCI EAFE ETF iShares Trust | 563,300 | $9.4m | 0.005% | 2026-07-31 |
| GMO-Usonian Japan Value Creation Fund GMO TRUST | 358,900 | $5.6m | 1.819% | 2026-05-31 |
| THE JAPANESE SMALL COMPANY SERIES DFA INVESTMENT TRUST CO | 336,698 | $5.6m | 0.139% | 2026-07-31 |
Up to 25 funds per stock via the API.
Get this as JSON
GET /v1/companies/2201
GET /v1/companies/2201/financials
GET /v1/companies/2201/details
GET /v1/companies/2201/segments
GET /v1/companies/2201/voting
GET /v1/companies/2201/tender-offers
GET /v1/companies/2201/indicators
GET /v1/companies/2201/earnings-releases
GET /v1/events?ticker=2201
GET /v1/companies/2201/trades
GET /v1/companies/2201/cross-holdings
GET /v1/companies/2201/brief