Morinaga Milk Industry Co., Ltd., together with its subsidiaries, produces and sells various dairy products in Japan and internationally. The company offers milk, yogurt, cheese, and butter products, as well as chilled desserts, ice creams, infant formulas and baby foods, health foods, and liquid diet and nursing care foods; milk-based drinks, coffee drinks, chilled tea beverages, and various other products; and other products, such as creaming powders, condensed milks, and TOFU products. It also provides infant and toddler milk ingredients, including whey protein concentrate and lactose, as well as lactoferrin. In addition, the company is involved in the processing and packaging products, such as tofu and other soy-based products. Further, it engages in the mail-order sale of health food products; and offers hygiene management equipment. The company was formerly known as Nippon Rennyu Co., Ltd. and changed its name to Morinaga Milk Industry Co., Ltd. in 1949. Morinaga Milk Industry Co., Ltd. was founded in 1917 and is headquartered in Tokyo, Japan.

Morinaga Milk Industry Co., Ltd.

Baby's Best Food offers organic baby formula and food products, self-described as having the best quality baby food sourced from Europe. The products include various types of baby formula and baby food items.

Baby's Best Food

Good Goût offers organic food products specifically designed for babies and children, including baby meals, vegetable purees, fruit pouches, and infant milk. The offerings are 100% organic and claim to have a taste reflective of real fruits and vegetables.

Good Goût

森永乳業株式会社 is involved in the production and sale of dairy products including milk, yogurt, desserts, and health foods.

Metric
Company Name	Morinaga Milk Industry Co., Ltd.	Baby's Best Food	Good Goût
Symbol	2.26K
MSH ID	JP:CO:MORINAGAMILK	COM:BABYSBESTFOOD	COM:GOODGOUT
Market	STOCKS	PRIVATE	PRIVATE
Sector	Consumer Defensive	Consumer Goods	Consumer Goods
Industry	Packaged Foods	Food & Beverages	Food Products
Country	JP	DE	FR
Stage
Employee Count	7.42K
Website	morinagamilk.co.jp	babysbestfood.com	goodgout.com
LinkedIn		best-baby
Founders

Metric
Market Cap	2.00B
Enterprise Value
Monthly Web Traffic		34.18K
Web Traffic Growth		-0.58
Valuation
Raised Capital

Metric
Revenue	3.65B
Revenue (LTM)
Revenue (NTM)
Gross Profit	880.08M
EBITDA	343.50M
Operating Income	185.67M
Net Income	408.88M
EPS	4.65
Diluted EPS	4.64
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.24
Operating Profit Margin	0.06
EBITDA Margin	0.09
Net Profit Margin	0.12
Return on Equity	0.26
Return on Assets	0.12
Return on Capital Employed	0.08

2264

JP:CO:MORINAGAMILK

森永乳業株式会社

Last Close

2,935.00

25/11 06:45

Market Cap

300.21B

Beta: -

Volume Today

288.40K

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	2.01
P/B Ratio	0.49
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	0.57
EV Multiple	7.99

Metric
Days Sales Outstanding	58.40
Days Payables Outstanding	51.94
Days Inventory Outstanding	74.19
Operating Cycle	128.07
Cash Conversion Cycle	68.29
Asset Turnover	1.00

Metric
Operating Cash Flow	377.37M
Free Cash Flow	156.31M
Cash Flow to Debt	0.55
Operating Cash Flow/Sales	0.08
Free Cash Flow Yield

Metric
Cash & Equivalents	430.36M
Accounts Receivable	-57.62M
Inventory	534.80M
Goodwill	68.12M
Debt to Capitalization	0.25
Debt to Assets	0.15
Current Ratio	1.22
Quick Ratio	0.79

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue