Morinaga 1Q FY27 profit attributable to owners of parent falls 11.7% to JPY 4.46 billion; net sales rise 5.6% to JPY 63.62 billion

• Morinaga posted Q1 net sales of JPY 63.62 billion, up 5.6% year on year, while operating income fell 13.7% to JPY 6.12 billion.
• Profit attributable to owners of parent declined 11.7% to JPY 4.46 billion; net income per share slipped to JPY 53.09.
• U.S. business net sales jumped 65.1% to JPY 9.11 billion, driven by contributions from newly consolidated MyMo Holdco.
• Total assets rose to JPY 250.51 billion at June 30, while the equity ratio fell 5.1 percentage points to 57.7% following the acquisition.
• Morinaga kept its FY2027 forecast unchanged, targeting full-year net sales of JPY 257 billion with operating income of JPY 22.8 billion.

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