Morinaga & Co stock trades near its 52-week low as profit falls

Published on 10/07/2026 at 02:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morinaga & Co stock trades at JPY 2,367 on October 7, 2026, near its 52-week low. Q1 revenue rose 5.6 percent while operating profit fell 13.7 percent.

Morinaga & Co, JP3926400007, Illustration mit AI erstellt.

Morinaga & Co (JP3926400007) was trading at JPY 2,367 on the Tokyo Stock Exchange at 9:26 a.m. JST on October 7, 2026, only 1.74 percent above its 52-week low of JPY 2,326.50. The company enters the next reporting checkpoint after first-quarter revenue increased while operating profit declined.

Revenue grows as profit falls

For the quarter ended June 30, 2026, Morinaga & Co posted revenue of JPY 63.617 billion, up 5.6 percent year over year, according to Note. The same report puts operating profit at JPY 6.123 billion, down 13.7 percent, while quarterly net income attributable to owners fell 11.7 percent to JPY 4.458 billion.

The earnings mix is the key investor issue. Sales growth was supported by the U.S. My/Mochi business, which became a consolidated subsidiary in April 2026, but M&A-related expenses, goodwill amortization and higher selling costs reduced profit conversion, the report said.

Consensus leaves room above price

A four-analyst consensus published by Investing.com carries a Buy rating, with two Buy recommendations and two Holds. The average 12-month target is JPY 2,837.5, with a high of JPY 3,100 and a low of JPY 2,450; the average target lies 19.87 percent above the October 7 price.

That spread places the earnings follow-through ahead of the valuation debate. Morinaga's first-quarter operating margin was 9.6 percent, while the full-year fiscal 2027 plan calls for revenue of JPY 257.0 billion and operating profit of JPY 22.8 billion, according to Note.

November results set the next test

Morinaga's investor-relations calendar schedules the first-half financial-results announcement for November 12, 2026, followed by an institutional-investor briefing on November 13, 2026, according to Morinaga & Co. Those dates will show whether the overseas expansion contribution can offset acquisition-related costs.

Stock remains near yearly low

Morinaga & Co was last at JPY 2,367 on October 7, 2026, with a daily change of minus 0.11 percent, a session low of JPY 2,360 and a session high of JPY 2,374. Its market capitalization was JPY 198.8 billion, and trading volume was 46,800 shares.