Corporate Profile(non-consolidated)

Corporate name MORINAGA MILK INDUSTRY CO., LTD.
Head office address 5-2, HIGASHISHIMBASHI 1-CHOME, MINATO-KU TOKYO 105-7122, JAPAN
Representative Chairman and Representative Director: Michio Miyahara
President and Representative Director: Yohichi Ohnuki
Executive Vice President and Representative Director: Teiichiro Okawa
Founded in September 1, 1917
Established in April 13, 1949
Capital 21,821 million yen (as of March 31, 2024)
Number of employees 3,302 < 2,620 males and 682 females >  
7,415 < 5,528 males and 1,887 females > (consolidated)
(as of March 31, 2024)
Business Production and sale of milk, dairy products, ice cream, beverages, and other foods
Stock Information
(as of March 31, 2024)
Total number of shares authorized for issuance 144,000,000 shares
Shares outstanding 86,791,416 shares (excluding 5,186,470 treasury shares)
Number of shareholders 25,079
Major Shareholders
(as of March 31, 2022) *% of total are calculated on the basis of the total number of outstanding shares excluding treasury shares.
Title Number of shares held % of total
The Master Trust Bank of Japan, Ltd.(Trust Acct) 12,920 14.89
Custody Bank of Japan, Ltd. (Trust Acct) 5,793 6.67
SMBC Trust Bank Ltd.
(Sumitomo Mitsui Banking Corporation Retirement Benefit Trust Account)
2,657 3.06
Mizuho Bank, Ltd. 2,445 2.82
Morinaga Milk Employees' Shareholding Association 2,136 2.46
JP MORGAN CHASE BANK 385839 1,902 2.19
Morinaga & Co., Ltd. 1,899 2.19
DBS BANK LTD 700170 1,796 2.07
The Norinchukin Bank 1,534 1.77
MUFG Bank, Ltd. 1,388 1.60
Distribution Ownership Among Shareholders
(as of March 31, 2024)
Financial institution Foreign companies Other Japanese companies Individuals Others
39.2% 27.9% 10.2% 14.8% 8.0%
Performance
(Unit: million yen)
Term 3/2019 3/2020 3/2021 3/2022 3/2023 3/2024
Net sales 430,363 426,276 422,537 366,807 371,858 389,041
Net income 9,943 13,614 11,549 27,023 6,453 55,120
Total assets 370,961 371,855 383,660 387,255 396,136 466,169
Net assets 117,165 127,124 136,187 134,763 138,492 182,674
※The Group has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29) and related guidance from the beginning of the fiscal year ended March 31, 2022.
History Morinaga Milk Industry began as Nippon Rennyu Co., Ltd., a manufacturer of mainly milk products founded in 1917. Morinaga Milk Industry Co., Ltd., the company of today, was founded in 1949 following a merger and split with and from Morinaga & Co., Ltd.
In October 1967 we acquired the dairy products sales division of Morinaga Shoji Co., Ltd. to take full advantage of their production and sales resources and capabilities.
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