Income Statement (TTM)
Morinaga Milk Industry Co., Ltd. Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.
All numbers are times 1,000,000 except per share units.
|
2020 09-30 |
2020 12-31 |
2021 03-31 |
2021 06-30 |
2021 09-30 |
2021 12-31 |
2022 03-31 |
2022 06-30 |
2022 09-30 |
2022 12-31 |
2023 03-31 |
2023 06-30 |
2023 09-30 |
2023 12-31 |
2024 03-31 |
2024 06-30 |
2024 09-30 |
2024 12-31 |
2025 03-31 |
2025 06-30 |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 583,410 | 584,877 | 583,550 | 562,868 | 539,580 | 518,369 | 503,354 | 505,459 | 511,970 | 520,160 | 525,603 | 535,041 | 542,221 | 543,620 | 547,059 | 547,955 | 551,078 | 549,704 | 561,173 | 564,214 |
| Change (%) | 0.25 | -0.23 | -3.54 | -4.14 | -3.93 | -2.90 | 0.42 | 1.29 | 1.60 | 1.05 | 1.80 | 1.34 | 0.26 | 0.63 | 0.16 | 0.57 | -0.25 | 2.09 | 0.54 | |
| % of Revenue | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| Cost Of Sales | 395,308 | 396,166 | 393,478 | 387,987 | 382,342 | 379,323 | 381,077 | 386,164 | 394,415 | 403,389 | 407,308 | 413,248 | 415,057 | 413,256 | 415,100 | 415,441 | 419,864 | 418,606 | 426,120 | 428,403 |
| Change (%) | 0.22 | -0.68 | -1.40 | -1.45 | -0.79 | 0.46 | 1.33 | 2.14 | 2.28 | 0.97 | 1.46 | 0.44 | -0.43 | 0.45 | 0.08 | 1.06 | -0.30 | 1.80 | 0.54 | |
| % of Revenue | 67.76 | 67.73 | 67.43 | 68.93 | 70.86 | 73.18 | 75.71 | 76.40 | 77.04 | 77.55 | 77.49 | 77.24 | 76.55 | 76.02 | 75.88 | 75.82 | 76.19 | 76.15 | 75.93 | 75.93 |
| Gross Operating Profit | 188,102 | 188,711 | 190,072 | 174,881 | 157,238 | 139,046 | 122,277 | 119,295 | 117,555 | 116,771 | 118,295 | 121,793 | 127,164 | 130,364 | 131,959 | 132,514 | 131,214 | 131,098 | 135,053 | 135,811 |
| Change (%) | 0.32 | 0.72 | -7.99 | -10.09 | -11.57 | -12.06 | -2.44 | -1.46 | -0.67 | 1.31 | 2.96 | 4.41 | 2.52 | 1.22 | 0.42 | -0.98 | -0.09 | 3.02 | 0.56 | |
| % of Revenue | 32.24 | 32.27 | 32.57 | 31.07 | 29.14 | 26.82 | 24.29 | 23.60 | 22.96 | 22.45 | 22.51 | 22.76 | 23.45 | 23.98 | 24.12 | 24.18 | 23.81 | 23.85 | 24.07 | 24.07 |
| SG&A | 161,765 | 161,770 | 161,204 | 143,487 | 124,578 | 107,031 | 92,484 | 93,067 | 93,872 | 94,131 | 94,355 | 94,497 | 96,988 | 98,869 | 104,119 | 105,795 | 106,731 | 107,695 | 105,395 | 105,790 |
| Change (%) | 0.00 | -0.35 | -10.99 | -13.18 | -14.09 | -13.59 | 0.63 | 0.86 | 0.28 | 0.24 | 0.15 | 2.64 | 1.94 | 5.31 | 1.61 | 0.88 | 0.90 | -2.14 | 0.37 | |
| % of Revenue | 27.73 | 27.66 | 27.62 | 25.49 | 23.09 | 20.65 | 18.37 | 18.41 | 18.34 | 18.10 | 17.95 | 17.66 | 17.89 | 18.19 | 19.03 | 19.31 | 19.37 | 19.59 | 18.78 | 18.75 |
| R&D | ||||||||||||||||||||
| Change (%) | ||||||||||||||||||||
| % of Revenue | ||||||||||||||||||||
| OpEx | 557,073 | 557,936 | 554,682 | 531,474 | 506,920 | 486,354 | 473,561 | 479,231 | 488,287 | 497,520 | 501,663 | 507,745 | 512,045 | 512,125 | 519,219 | 521,236 | 526,595 | 526,301 | 531,515 | 534,193 |
| Change (%) | 0.15 | -0.58 | -4.18 | -4.62 | -4.06 | -2.63 | 1.20 | 1.89 | 1.89 | 0.83 | 1.21 | 0.85 | 0.02 | 1.39 | 0.39 | 1.03 | -0.06 | 0.99 | 0.50 | |
| % of Revenue | 95.49 | 95.39 | 95.05 | 94.42 | 93.95 | 93.82 | 94.08 | 94.81 | 95.37 | 95.65 | 95.45 | 94.90 | 94.43 | 94.21 | 94.91 | 95.12 | 95.56 | 95.74 | 94.71 | 94.68 |
| Operating Income | 26,337 | 26,941 | 28,868 | 31,394 | 32,660 | 32,015 | 29,793 | 26,228 | 23,683 | 22,640 | 23,940 | 27,296 | 30,176 | 31,495 | 27,840 | 26,719 | 24,483 | 23,403 | 29,658 | 30,021 |
| Change (%) | 2.29 | 7.15 | 8.75 | 4.03 | -1.97 | -6.94 | -11.97 | -9.70 | -4.40 | 5.74 | 14.02 | 10.55 | 4.37 | -11.61 | -4.03 | -8.37 | -4.41 | 26.73 | 1.22 | |
| % of Revenue | 4.51 | 4.61 | 4.95 | 5.58 | 6.05 | 6.18 | 5.92 | 5.19 | 4.63 | 4.35 | 4.55 | 5.10 | 5.57 | 5.79 | 5.09 | 4.88 | 4.44 | 4.26 | 5.29 | 5.32 |
| Interest Expense | -720 | -714 | -707 | -721 | -734 | -744 | -747 | -738 | -736 | -736 | -710 | -788 | -922 | -1,067 | -1,291 | -1,389 | -1,474 | -1,518 | -1,509 | -1,448 |
| Change (%) | -0.83 | -0.98 | 1.98 | 1.80 | 1.36 | 0.40 | -1.20 | -0.27 | -0.00 | -3.53 | 10.99 | 17.01 | 15.73 | 20.99 | 7.59 | 6.12 | 3.02 | -0.63 | -4.04 | |
| % of Revenue | -0.12 | -0.12 | -0.12 | -0.13 | -0.14 | -0.14 | -0.15 | -0.15 | -0.14 | -0.14 | -0.14 | -0.15 | -0.17 | -0.20 | -0.24 | -0.25 | -0.27 | -0.28 | -0.27 | -0.26 |
| Net Income | 20,249 | 20,645 | 18,741 | 23,211 | 24,327 | 23,254 | 33,782 | 27,460 | 25,018 | 24,571 | 16,875 | 66,875 | 67,571 | 67,545 | 61,307 | 13,704 | 11,842 | 6,093 | 5,459 | 7,057 |
| Change (%) | 1.96 | -9.22 | 23.85 | 4.81 | -4.41 | 45.27 | -18.71 | -8.89 | -1.79 | -31.32 | 296.30 | 1.04 | -0.04 | -9.24 | -77.65 | -13.59 | -48.55 | -10.41 | 29.27 | |
| % of Revenue | 3.47 | 3.53 | 3.21 | 4.12 | 4.51 | 4.49 | 6.71 | 5.43 | 4.89 | 4.72 | 3.21 | 12.50 | 12.46 | 12.43 | 11.21 | 2.50 | 2.15 | 1.11 | 0.97 | 1.25 |
Source: Capital IQ
