Since its founding in 1917, Morinaga Milk has centered its business on the manufacture and sale of dairy products. The Company has endeavored to maximize the impressive qualities of milk since it was founded, and has achieved high brand recognition through its own product development capacities and its provision of high-quality, safe and reliable foods.
Making full use of the skills and knowledge accumulated since our founding, we provide not only milk but a wide variety of unique products and services.
This “Business” page introduces our business activities, divided into domestic (B-to-C and B-to-B) and global businesses.
Domestic(B-to-C) Business
The business provides “health value” and “tastiness and delightfulness” value through a variety of products familiar to consumers, such as yogurt, ice cream, beverages, cheese, and milk, including the long-selling brands “Bifidus Yogurt,” “Pino,” “PARM,” “MOW,” and “Mt. RAINIER CAFFÈ LATTE,” among others.
Sales as a percentage of total sales of Morinaga Milk Industry (as of March 2025)
*The ones digit has been rounded off. The size of the graph is for illustrative purposes only.
| Categories | Net Sales (FYE Mar. 2025) |
|---|---|
| Yogurt | 56.9 |
| Ice cream | 46.4 |
| Beverages | 54.4 |
| Cheese | 26.7 |
| Nutritional food products | 13.7 |
| CLINICO (liquid foods) | 27.2 |
| Milk | 44.3 |
| Chilled desserts | 8.0 |
| Others: Supplements (EC), Creap (creaming powder) , etc. | |
Domestic(B-to-B) Business
The role of this business is to identify the increasingly diverse problems experienced by consumers, to anticipate potential needs that have not yet emerged, and to co-create solutions, including the development of recipes, with diverse customers.
In this area, we offer solutions to customers in a wide range of industries, including cream and other dairy product ingredients, functional ingredients, such as bifidobacteria and lactoferrin, and products, such as PURESTER.
Sales as a percentage of total sales of Morinaga Milk Industry (as of March 2025)
*The ones digit has been rounded off. The size of the graph is for illustrative purposes only.
| Categories | Net Sales (FYE Mar. 2025) |
|---|---|
| Commercial dairy products, Functional ingredients | 82.2 |
| Probiotics | |
| Others : PURESTER (the slightly acidic electrolysed water generator) | |
Global Business
The mission of the Global Business is to drive growth by responding to expanding health needs on a global scale.
Our Global Business operations include MILEI, which manufactures and sells dairy product ingredients, our formula milk business in Asia, the probiotics business, the plant-based foods business in North America, and our business operations in Vietnam, which center on Morinaga Nutritional Foods Vietnam.
Sales as a percentage of total sales of Morinaga Milk Industry (as of March 2025)
Recent trends in global business sales ratio
* 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.
For more detailed information on the Medium-term Business Plan,
please refer to this site.