Morinaga reports first-quarter growth. Target for Morinaga & Co stock is JPY 3,125
Published on 10/20/2026 at 04:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEarnings and valuation markers
- First-quarter fiscal 2027 revenue reached JPY 63.62 billion on August 7, 2026.
- The target was cut to JPY 3,125 from JPY 3,467 in a January 22 update.
- Morinaga & Co stock was trading at JPY 2,424.00 on October 20, 2026 at 11:10 a.m. JST.
Morinaga & Co (ISIN JP3926400007) posted first-quarter fiscal 2027 revenue of JPY 63.62 billion, up 5.6 percent year over year. Simply Wall St reported the results on August 7, 2026, while also noting weaker profit and a revenue miss against analyst expectations.
Revenue grew while profit fell
Operating income declined 13.7 percent to JPY 6.12 billion in the first quarter of fiscal 2027, and net income fell 12.0 percent to JPY 4.46 billion. The profit margin narrowed to 7.0 percent from 8.4 percent a year earlier, showing that sales growth did not translate into comparable earnings growth.
Overseas sales were a key growth driver. The company said first-quarter overseas revenue rose 47.8 percent to JPY 12.01 billion, or 18.9 percent of consolidated sales, as the MyMo Holdco acquisition supported expansion in the United States. Acquisition-related expenses and higher costs weighed on operating income, according to Quartr.
What does the target imply?
Simply Wall St listed a target of JPY 3,125 after a reduction from JPY 3,467 in its January 22 update. The comparison matters because the latest TSE price was JPY 2,424.00, leaving the target above the quoted share price, although the source describes it as an average from four analysts rather than an individual forecast.
Next reporting dates are set
Morinaga's investor-relations calendar schedules the first-half fiscal 2027 results for November 12, 2026 and the third-quarter results for February 9, 2027. Both dates are listed on the company's investor-relations page.
Stock stays tied to earnings execution
The immediate investor question is whether overseas growth can offset acquisition costs and protect margins. Morinaga's unchanged fiscal 2027 outlook calls for JPY 257.0 billion in net sales and JPY 22.8 billion in operating income, according to Quartr.
Morinaga & Co was trading at JPY 2,424.00 on the Tokyo Stock Exchange on October 20, 2026 at 11:10 a.m. JST, with a market capitalization of JPY 203.5 billion and a 52-week range of JPY 2,326.50 to JPY 2,895.00.
Morinaga & Co stock facts
- Company: Morinaga & Co., Ltd.
- ISIN: JP3926400007
- Ticker: 2201.T
- Primary exchange: Tokyo Stock Exchange
- Price on Tokyo Stock Exchange as of October 20, 2026, 11:10 a.m. JST: JPY 2,424.00
- Market capitalization: JPY 203.5 billion (as of October 20, 2026)
- 52-week range: JPY 2,326.50-JPY 2,895.00 (as of October 20, 2026)
- Sector / Industry: Consumer Staples / Food Products
- Next earnings date: November 12, 2026
Market context: Market report Nikkei 225.
