Morinaga Milk Industry Co. Ltd
Morinaga Milk Industry Co., Ltd., together with its subsidiaries, engages in the production and sale of various dairy products in Japan and internationally. The company offers milk products, including homogenized, sterilized whole, and enriched milk; beverages comprising milk-based, coffee, chilled tea, and various other beverages; Greek, fruit, and various other yogurt products; chilled desserts… Read more
Morinaga Milk Industry Co. Ltd (MO8) - Net Assets
Latest net assets as of September 2025: €274.04 Billion EUR
Based on the latest financial reports, Morinaga Milk Industry Co. Ltd (MO8) has net assets worth €274.04 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€553.38 Billion) and total liabilities (€279.34 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €274.04 Billion |
| % of Total Assets | 49.52% |
| Annual Growth Rate | 7.61% |
| 5-Year Change | 34.26% |
| 10-Year Change | 109.56% |
| Growth Volatility | 6.73 |
Morinaga Milk Industry Co. Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Morinaga Milk Industry Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Morinaga Milk Industry Co. Ltd (2014–2025)
The table below shows the annual net assets of Morinaga Milk Industry Co. Ltd from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €271.10 Billion | -3.91% |
| 2024-03-31 | €282.13 Billion | +24.22% |
| 2023-03-31 | €227.12 Billion | +9.18% |
| 2022-03-31 | €208.03 Billion | +3.02% |
| 2021-03-31 | €201.92 Billion | +10.25% |
| 2020-03-31 | €183.14 Billion | +8.26% |
| 2019-03-31 | €169.17 Billion | +6.33% |
| 2018-03-31 | €159.10 Billion | +11.38% |
| 2017-03-31 | €142.85 Billion | +10.42% |
| 2016-03-31 | €129.37 Billion | +3.26% |
| 2015-03-31 | €125.28 Billion | +3.58% |
| 2014-03-31 | €120.96 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Morinaga Milk Industry Co. Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 184.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €220.18 Billion | 82.67% |
| Other Components | €46.14 Billion | 17.33% |
| Total Equity | €266.32 Billion | 100.00% |
Morinaga Milk Industry Co. Ltd Competitors by Market Cap
The table below lists competitors of Morinaga Milk Industry Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ArcBest Corp
NASDAQ:ARCB
|
$1.88 Billion |
|
PACIFIC PRE. DL-01
F:LF2
|
$1.88 Billion |
|
SKEENA RES LTD NEW
F:RXF
|
$1.88 Billion |
|
Evertec Inc
NYSE:EVTC
|
$1.88 Billion |
|
Ningbo Ronbay New Energy Tech Ltd
SHG:688005
|
$1.88 Billion |
|
AMP Limited
F:AMP
|
$1.88 Billion |
|
Xizang Haisco Pharmaceutical Group Co Ltd
SHE:002653
|
$1.88 Billion |
|
Capital & Counties Properties PLC
PINK:CCPPF
|
$1.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Morinaga Milk Industry Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 277,181,000,000 to 266,324,000,000, a change of -10,857,000,000 (-3.9%).
- Net income of 5,459,000,000 contributed positively to equity growth.
- Dividend payments of 9,011,000,000 reduced retained earnings.
- Share repurchases of 11,214,000,000 reduced equity.
- New share issuances of 73,000,000 increased equity.
- Other factors increased equity by 3,836,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.46 Billion | +2.05% |
| Dividends Paid | €9.01 Billion | -3.38% |
| Share Repurchases | €11.21 Billion | -4.21% |
| Share Issuances | €73.00 Million | +0.03% |
| Other Changes | €3.84 Billion | +1.44% |
| Total Change | €- | -3.92% |
Book Value vs Market Value Analysis
This analysis compares Morinaga Milk Industry Co. Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €2874.81 | €25.60 | x |
| 2018-03-31 | €3189.05 | €25.60 | x |
| 2019-03-31 | €3389.39 | €25.60 | x |
| 2020-03-31 | €3667.74 | €25.60 | x |
| 2021-03-31 | €4032.40 | €25.60 | x |
| 2022-03-31 | €4558.59 | €25.60 | x |
| 2023-03-31 | €4930.00 | €25.60 | x |
| 2024-03-31 | €3193.65 | €25.60 | x |
| 2025-03-31 | €3188.67 | €25.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Morinaga Milk Industry Co. Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.97%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 1.95x
- Recent ROE (2.05%) is below the historical average (9.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 4.02% | 0.81% | 1.66x | 2.99x | €-7.21 Billion |
| 2015 | 3.35% | 0.70% | 1.55x | 3.08x | €-8.27 Billion |
| 2016 | 8.24% | 1.76% | 1.59x | 2.95x | €-2.26 Billion |
| 2017 | 9.28% | 2.23% | 1.54x | 2.71x | €-1.02 Billion |
| 2018 | 10.00% | 2.67% | 1.42x | 2.64x | €5.60 Million |
| 2019 | 8.36% | 2.40% | 1.35x | 2.58x | €-2.75 Billion |
| 2020 | 10.28% | 3.16% | 1.36x | 2.40x | €507.50 Million |
| 2021 | 9.39% | 3.21% | 1.29x | 2.27x | €-1.21 Billion |
| 2022 | 16.39% | 6.71% | 1.10x | 2.23x | €13.18 Billion |
| 2023 | 7.57% | 3.21% | 1.08x | 2.18x | €-5.43 Billion |
| 2024 | 22.12% | 11.21% | 0.97x | 2.04x | €33.59 Billion |
| 2025 | 2.05% | 0.97% | 1.08x | 1.95x | €-21.17 Billion |
Industry Comparison
This section compares Morinaga Milk Industry Co. Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $2,832,678,733,200
- Average return on equity (ROE) among peers: 0.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Morinaga Milk Industry Co. Ltd (MO8) | €274.04 Billion | 4.02% | 1.02x | $1.88 Billion |
| COFCO Joycome Foods Limited (0M7) | $9.25 Billion | -0.10% | 0.76x | $482.93 Million |
| WH Group Ltd (0WH) | $9.69 Billion | 11.03% | 1.00x | $7.82 Billion |
| A2 Milk Company Ltd (14L) | $1.08 Billion | 7.44% | 0.27x | $4.22 Billion |
| HOCHDORF HLDG AG (1Z3) | $157.90 Million | -6.47% | 0.72x | $3.93 Million |
| PT Salim Ivomas Pratama Tbk (2IR) | $23.99 Trillion | 6.46% | 0.55x | $11.50 Million |
| DaChan Food (Asia) Limited (3DS) | $2.27 Billion | 6.85% | 0.52x | $17.89 Million |
| Global Sweeteners Holdings Limited (3GS) | $-218.25 Million | 0.00% | 0.00x | $2.66 Million |
| Meiji Holdings Co. Ltd (3M0) | $713.02 Billion | 12.27% | 0.57x | $5.87 Billion |
| Megmilk Snow Brand Co. Ltd (6MG) | $116.45 Billion | 2.21% | 1.87x | $839.43 Million |
| PT Eagle High Plantations Tbk (7B7) | $3.49 Trillion | -31.00% | 3.32x | $31.04 Million |