MO8 Income Statement - Morinaga Milk Industry Co Ltd - Alpha Spread

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Price: 6.95 EUR 2.21% Market Closed

Market Cap: €596.7m

Metric	FY2017 Mar 2017	FY2018 Mar 2018	FY2019 Mar 2019	FY2020 Mar 2020	FY2021 Mar 2021	FY2022 Mar 2022	FY2023 Mar 2023	FY2024 Mar 2024	FY2025 Mar 2025	FY2026 Mar 2026
Revenue	592.6B	592.1B	583.6B	590.9B	583.6B	503.4B	525.6B	547.1B	561.2B	571.5B
Cost of Revenue	(399.3B)	(402.1B)	(398.3B)	(401.5B)	(393.5B)	(381.1B)	(407.3B)	(415.1B)	(426.1B)	(428.2B)
Gross Profit	193.3B	189.9B	185.2B	189.4B	190.1B	122.3B	118.3B	132B	135.1B	143.3B
Operating Expenses	(172.2B)	(168.3B)	(162.9B)	(164B)	(161.2B)	(92.5B)	(94.4B)	(104.1B)	(105.4B)	(108.8B)
Selling, General & Administrative	(166.9B)	(163.5B)	(158.3B)	(159.2B)	(156.4B)	(87.4B)	(88.8B)	(98.2B)	(99.2B)	(102B)
R&D	(5.4B)	(4.7B)	(4.6B)	(4.8B)	(4.8B)	(5.1B)	(5.6B)	(6B)	(6.2B)	(6.7B)
Other Operating Expenses	(1m)	(1m)	(1m)	—	(1m)	(1m)	(1m)	(1m)	—	(1m)
Operating Income	21.1B	21.7B	22.3B	25.4B	28.9B	29.8B	23.9B	27.8B	29.7B	34.5B
Net Interest Income (Expense)	(119m)	(241m)	80m	(139m)	1.2B	553m	670m	980m	5.7B	3B
Interest Expense	925m	861m	750m	743m	707m	747m	710m	1.3B	1.5B	1.6B
Non-Recurring Items	(2.3B)	(1.1B)	(2.5B)	(5.5B)	(5.3B)	(3.4B)	(1.8B)	(4.7B)	(24.9B)	(5.5B)
Gain/Loss on Disposition of Assets	(567m)	2.1B	(712m)	6B	533m	20.6B	222m	64.4B	3.6B	(394m)
Total Other Income	1B	1B	1B	773m	732m	792m	662m	47m	1.2B	671m
Pre-Tax Income	19.2B	23.5B	20.2B	26.5B	26B	48.3B	23.7B	88.6B	15.3B	32.2B
Tax Provision	(5.9B)	(7.7B)	(6B)	(7.7B)	(7.1B)	(14.4B)	(6.7B)	(27.2B)	(10.6B)	(9.5B)
Income from Continuing Operations	13.3B	15.8B	14.2B	18.8B	18.9B	33.9B	17B	61.3B	4.7B	22.8B
Income to Minority Interest	(63m)	(33m)	(168m)	(162m)	(161m)	(143m)	(144m)	(39m)	807m	(185m)
Net Income	13.2B	15.8B	14B	18.7B	18.7B	33.8B	16.9B	61.3B	5.5B	22.6B
EPS (Diluted)	33.28	39.78	35.33	47.04	47.25	85.79	46.57	174.02	16.13	68.94

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