Morinaga Milk Industry Co., Ltd. · TSE:2264
Morinaga Milk Industry — Q3 FYE March 2025 Earnings Presentation
19 slides from Morinaga Milk Industry's earnings presentation, Feb 12, 2025
Slide 1: Financial Results Presentation for the Third Quarter of FYE March 2025
Morinaga Milk Industry Co., Ltd. Financial Results Presentation for the Third Quarter of the Fiscal Year Ending March 31, 2025 February 12, 2025 1. Overview of the Third Quarter of the FYE March 2025 Financial Results 2. Outlook of Financial Results for FYE March 2025
Slide 2: 1. Overview of the Third Quarter of the FYE March 2025 Financial Results
1. Overview of the Third Quarter of the FYE March 2025 Financial Results 1. Overview of the Third Quarter of the FYE March 2025 Financial Results 2. Outlook of Financial Results for FYE March 2025 2 Copyright©Morinaga Milk Industry Co.,Ltd.All Rights Reserved.
Slide 3: Summary of Financial Results in 3Q of FYE March 2025
Summary of Financial Results in 3Q of FYE March 2025 Higher net sales and lower profits, nevertheless, in the three months of 3Q (Oct.–Dec.), profits increased and reached a record high Operating profit: ¥25.5 billion (-¥2.5 billion YoY) Three months of 3Q (Oct.–Dec.): ¥8.0 billion (+¥0.8 billion
Slide 4: Financial Results for 3Q of FYE March 2025
Financial Results for 3Q of FYE March 2025 (Unit: billion yen) Nine months Nine months 3Q of FYE Mar. Year-on-year Year-on-year ended Dec. 31, ended Dec. 31, Year on year 2025 (Oct.-Dec. Year on year change change 2023 2024 2024) Net sales 423.3 430.7 +7.5 +1.8% 140.1 +3.5 +2.5% Operating profit 28.
Slide 5: Net Sales & Operating Profit by Business Segment in 3Q of FYE March 2025
Net Sales & Operating Profit by Business Segment in 3Q of FYE March 2025 (Unit: billion yen) Net sales Operating profit Net sales Operating profit (operating profit to net sales) (operating profit to net sales) Nine months Nine months Nine months Nine months 3Q of FYE Mar. 3Q of FYE Mar. ended Dec.
Slide 6: Subsegment Net Sales in 3Q of FYE March 2025
Subsegment Net Sales in 3Q of FYE March 2025 (Unit: billion yen) Nine months Nine months 3Q of FYE Mar. Year on ended Dec. ended Dec. Year on 2025 31, 2023 31, 2024 year (Oct.–Dec. 2024) year Key points Nutrition and Healthcare Foods Business Sales increase of “Bifidus.” Sales increase of “Aloe yo
Slide 7: Subsegment Net Sales in 3Q of FYE March 2025 (Global Business)
Subsegment Net Sales in 3Q of FYE March 2025 Nine months ended Nine months ended Dec. 31, 2023 Dec. 31, 2024 Year on year Key points Global Business Decline in reaction to significant growth in revenue driven by impact of whey market conditions (1Q). JPY 29.9 billion JPY 29.5 billion -1% Effects d
Slide 8: Factors Attributable to Increases and Decreases in Operating Profit for 3Q
Factors Attributable to Increases and Decreases in Operating Profit for 3Q of FYE March 2025 Change in selling unit prices +7.4 Sales volume +0.1 Product mix +1.7 FYE March 2024 3Q 28.0 Business growth Operation cost ＋0.6 ＋9.2 Rationalization Operation cost -4.7 ＋0.6 Raw materials and energy -4.6 Ri
Slide 9: 2. Outlook of Financial Results for FYE March 2025
2. Outlook of Financial Results for FYE March 2025 1. Overview of the Third Quarter of the FYE March 2025 Financial Results 2. Outlook of Financial Results for FYE March 2025 9 Copyright©Morinaga Milk Industry Co.,Ltd.All Rights Reserved.
Slide 10: Summarized Outlook of FYE March 2025
Summarized Outlook of Financial Results for FYE March 2025 No revision to forecasts: Operating profit ¥28.5 billion (+¥0.7 billion YoY) Operating profit forecast: Full year ¥28.5 billion (+¥0.7 billion YoY) In Japan: Continuing initiatives to expand “Mt. RAINIER CAFFÈ LATTE,” ice cream, and othe
Slide 11: Summarized Outlook of FYE March 2025: 4Q Operating Profit
Summarized Outlook of Financial Results for FYE March 2025 4Q operating profit derived by subtraction: for company as a whole, proceeding more or less within the range assumed in forecast Global Business: Profit to expand at MILEI and others More efficient use of sales promotion expenses (commit
Slide 12: Outlook of Financial Results for FYE March 2025
No revision Outlook of Financial Results for FYE March 2025 to forecasts (Unit: billion yen) FYE Mar. 2025 FYE Mar. Year-on-year FYE Mar. Year-on-year FYE Mar. 2024 full-year Year on year 2025 Year on year change 2024 2H change target 2H target Net sales 547.1 560.0 +12.9 +2.4% 260.5 269.4 +8.9 +3.4
Slide 13: Appendix
Appendix 13
Slide 14: (Reference) Target Sales and Operating Profit for Each Business Segment
(Reference) Target Sales and Operating Profit for Each Business No revision to forecasts Segment for FYE March 2025 (Unit: billion yen) Net sales Operating profit (operating profit to net sales) FYE Mar. 2025 target FYE Mar. 2025 FYE Mar. 2025 Year on FYE Mar. 2025 Year-on-year FYE Mar. 2025 Year-on
Slide 15: (Reference) Subsegment Net Sales Targets for FYE March 2025
No revision (Reference) Subsegment Net Sales Targets for FYE March 2025 to forecasts (Unit: billion yen) FYE Mar. 2025 FYE Mar. 2025 FYE Mar. 2025 Net sales target 2H target Year on year full-year target Year on year Nutrition and Healthcare Foods Business Yogurt 27.6 +5% 56.7 +5% Commercial milk (H
Slide 16: (Reference) Forecasts of Fluctuations to Operating Profit in FYE March 2025
No revision (Reference) Forecasts of Fluctuations to Operating Profit in FYE March 2025 to forecasts ( ) : 2H plan Change in selling unit prices +8.5 (3.2) Sales volume +0.4 (0.6) Product mix +3.5 (2.1) FYE March 2024 27.8 Business growth Operation cost ＋1.9 (1.5) ＋12.4(5.9) Sales promotion expenses
Slide 17: (Reference) Dairy Ingredient Market Data (Last 5 Years)
(Reference) Dairy Ingredient Market Data (Last 5 Years) Zentrale Milchmarkt Berichterstattung GmbH (ZMB, Central Milk Market Fonterra Global Dairy Trade (GDT) auction Reporting Agency in Germany) Culinary-use whey powder price (€/ton) prices for lactose (US$/ton) 2,000 1,700 1,500 1,500 1,300 1,100
Slide 18: Price revisions for beverages from March, and for yogurt, cheeses, etc. from April
(Reference) Announcement on January 27, 2025 “Notice Regarding Repricing of Certain Products” Price revisions for beverages from March, and for yogurt, cheeses, etc. from April January 27, 2025 1. Targeted Products and Date Notice Regarding Repricing of Certain Products (1) Starting with shipments o
Slide 19: Cautionary Note Regarding Business Forecasts
Cautionary Note Regarding Business Forecasts Figures for plans, policies, and other figures included in this report other than actual past results are forecasts of future business performance, and are calculated based on management’s estimates and understanding of the information available to the Co
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