Morinaga Milk Industry Co., Ltd. · TSE:2264
Morinaga Milk Industry — Q1 FYE March 2025 Earnings Presentation
17 slides from Morinaga Milk Industry's earnings presentation, Aug 8, 2024
Slide 1: Financial Results Presentation for the First Quarter of FYE March 2025
Morinaga Milk Industry Co., Ltd. Financial Results Presentation for the First Quarter of the Fiscal Year Ending March 31, 2025 August 8, 2024 1. Overview of the First Quarter of the FYE March 2025 Financial Results 2. Outlook of Financial Results for FYE March 2025
Slide 2: 1. Overview of the First Quarter of the FYE March 2025 Financial Results
1. Overview of the First Quarter of the FYE March 2025 Financial Results 1. Overview of the First 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: Overview of 1Q of FYE March 2025 Financial Results
Overview of 1Q of FYE March 2025 Financial Results Summary: Higher net sales and lower profit (higher profit in Japan, lower profit overseas), in line with expectations Three domestic businesses*¹: • Effects of price revisions (beverages (March, June), contribution from prepaid months for Higher net
Slide 4: Financial Results for 1Q of FYE March 2025
Financial Results for 1Q of FYE March 2025 (Unit: billion yen) FYE Mar. 2024 1Q FYE Mar. 2025 1Q Year-on-year change Year on year Net sales 139.7 140.6 +0.9 +0.6% Operating profit 9.6 8.5 -1.1 -11.7% Ordinary profit 10.4 9.6 -0.9 -8.4% Profit attributable to owners of parent 52.9 5.3 -47.6 -90.0% Op
Slide 5: Net Sales & Operating Profit by Business Segment in 1Q of FYE March 2025
Net Sales & Operating Profit by Business Segment in 1Q of FYE March 2025 (Unit: billion yen) ９ Net sales Operating profit (operating profit to net sales) FYE Mar. 2024 1Q FYE Mar. 2025 1Q Year on year FYE Mar. 2024 1Q FYE Mar. 2025 1Q Year-on-year change Nutrition and Healthcare 32.0 32.7 +2.4% 2.0
Slide 6: Subsegment Net Sales in 1Q of FYE March 2025
Subsegment Net Sales in 1Q of FYE March 2025 (Unit: billion yen) FYE Mar. 2024 1Q FYE Mar. 2025 1Q Year on year Key points Nutrition and Healthcare Foods Business Sales increase of “Bifidus,” sales decrease of functional yogurt, sales decrease Yogurt 13.8 14.6 +6% of “PARTHENO” (Some impact from s
Slide 7: Subsegment Net Sales in 1Q of FYE March 2025 (Global Business)
Subsegment Net Sales in 1Q of FYE March 2025 FYE Mar. 2024 1Q FYE Mar. 2025 1Q Year on year Key points Global Business JPY 12.3 billion JPY 9.8 billion -20% Decline in reaction to significant growth in revenue driven by MILEI (Germany) impact of whey prices that continued to 1Q of previous fiscal
Slide 8: Factors Attributable to Increases and Decreases in Operating Profit for 1Q
Factors Attributable to Increases and Decreases in Operating Profit for 1Q of FYE March 2025 Change in selling unit prices +3.2 Sales volume +0.3 FYE March 2024 1Q 9.6 Product mix +0.9 Business growth Operation cost ＋0.2 ＋4.4 Rationalization Operation cost -2.0 ＋0.2 Raw materials and energy -1.1 (Mi
Slide 9: 2. Outlook of Financial Results for FYE March 2025
2. Outlook of Financial Results for FYE March 2025 1. Overview of the First 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: Outlook of Financial Results for FYE March 2025
Outlook of Financial Results for FYE March 2025 No revision to earnings forecasts: Targeting increase in operating profit, centered on Japan, with slight increase for Global business Key points Additional price revisions (September and October 2024) Three domestic businesses: 1. Repricing date and t
Slide 11: Outlook of Financial Results for FYE March 2025: No plan revision
No plan revision Outlook of Financial Results for FYE March 2025 (Unit: billion yen) FYE Mar. FYE Mar. 2025 Year-on-year FYE Mar. FYE Mar. 2025 Year-on-year Year on year Year on year 2024 full-year target change 2024 1H 1H target change Net sales 547.1 570.0 +22.9 +4.2% 286.6 293.0 +6.4 +2.2% Operat
Slide 12: Appendix
Appendix
Slide 13: (Reference) FYE March 2025: Target Sales and Operating Profit for Each Business Segment
(Reference) FYE March 2025: Target Sales and Operating Profit for Each Business Segment No plan revision (Unit: billion yen) First-half target Full-year target First-half target Full-year target FYE Mar. 2025 target Year-on-year Year-on-year Net sales Year on Year Net sales Year on Year Operating pr
Slide 14: (Reference) Subsegment Net Sales Targets for FYE March 2025
(Reference) Subsegment Net Sales Targets for FYE March 2025 No plan revision (Unit: billion yen) First-half target Full-year target FYE Mar. 2025 target Net sales Year on year Net sales Year on year Nutrition and Healthcare Foods Business Yogurt 29.2 +5% 57.0 +6% Commercial milk (Home deliveries, et
Slide 15: (Reference) Forecasts of Fluctuations to Operating Profit in FYE March 2025
(Reference) Forecasts of Fluctuations to Operating Profit in FYE March 2025 No plan revision ( ) : 1H plan Change in selling unit prices +6.5 (5.0) Sales volume +2.1 (1.0) FYE March 2024 27.8 Product mix +5.2 (1.5) Business growth Operation cost ＋1.9 (1.0) ＋13.8(7.5) Sales promotion expenses +0.5 (-
Slide 16: (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) 2,000 prices for lactose (US$/ton) 1,700 1,500 1,500 1,300 1,100
Slide 17: 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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