Morinaga Milk Industry Co (TSE:2264) ROCE %: 1.25% (As of Mar. 2026)

What is Morinaga Milk Industry Co ROCE %?

Morinaga Milk Industry Co TSE:2264 +1.39% 64 ROCE % is 1.25% as of Mar. 2026. GuruFocus rates TSE:2264 with a GF Score™ of 64/100 and a GF Value™ of 円3,540.17 (Significantly Undervalued). The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Morinaga Milk Industry Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 1.25%.

Morinaga Milk Industry Co (TSE:2264) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Morinaga Milk Industry Co ROCE % Related Terms

Morinaga Milk Industry Co ROCE % Historical Data

* Premium members only.

The historical data trend for Morinaga Milk Industry Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Morinaga Milk Industry Co ROCE % Chart

Morinaga Milk Industry Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

Get a 7-Day Free Trial

15.69

7.55

25.52

4.64

9.03

Morinaga Milk Industry Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															-7.47	12.17	11.68	10.76	1.25

64GF Score

Morinaga Milk Industry Co Ltd TSE:2264

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Morinaga Milk Industry Co ROCE % Calculation

Morinaga Milk Industry Co's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	33798	/	( ( (520423 - 170112)	+	(547116 - 148588) )	/ 2 )
	=	33798	/	( (350311	+	398528)	/ 2 )
	=	33798	/	374419.5
	=	9.03 %

Morinaga Milk Industry Co's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	4952	/	( ( (563988 - 168199)	+	(547116 - 148588) )	/ 2 )
	=	4952	/	( ( 395789	+	398528 )	/ 2 )
	=	4952	/	397158.5
	=	1.25 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 1.25% mean?

Morinaga Milk Industry Co (TSE:2264) has a ROCE % of 1.25% as of Mar. 2026.

Is Morinaga Milk Industry Co's ROCE % too high?

Morinaga Milk Industry Co's current ROCE % is 1.25%. The Consumer Packaged Goods industry median ROCE % is 8.78. Morinaga Milk Industry Co's value of 1.25% is 85.8% below this industry median. Overall, Morinaga Milk Industry Co has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Morinaga Milk Industry Co's ROCE % compare to KHC and GIS?

Morinaga Milk Industry Co's ROCE % of 1.25% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROCE % is 8.78. Morinaga Milk Industry Co's value of 1.25% is 85.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Consumer Packaged Goods company?

The median ROCE % among Consumer Packaged Goods companies is 8.78, based on 1,938 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morinaga Milk Industry Co's current ROCE % of 1.25% is 85.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Consumer Packaged Goods industry, the median ROCE % is 8.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morinaga Milk Industry Co's current ROCE % is 1.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Morinaga Milk Industry Co stock overvalued right now?

Based on GuruFocus' analysis, Morinaga Milk Industry Co (TSE:2264) is currently considered Significantly Undervalued. The stock's GF Value™ is 円3,540.17, compared to a current price of 円1,238.75 — trading 65% below its estimated fair value. The current ROCE % is 1.25% and 85.8% below the Consumer Packaged Goods industry median of 8.78. Morinaga Milk Industry Co's overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Morinaga Milk Industry Co (TSE:2264), the current ROCE % is 1.25% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Morinaga Milk Industry Co (TSE:2264) Overvalued in 2026?

Based on GuruFocus' analysis, Morinaga Milk Industry Co stock appears to be undervalued. The current stock price of 円1,238.75 is trading 65% below its estimated GF Value™ of 円3,540.17. GuruFocus considers Morinaga Milk Industry Co to be Significantly Undervalued.

Key valuation signals for TSE:2264:

ROCE %: 1.25%
GF Value™: 円3,540.17 vs. price of 円1,238.75 (65% below fair value)
GF Score™: 64/100 with 5 warning signs
Industry Position: 85.8% below the Consumer Packaged Goods median

No single metric tells the full story. See the TSE:2264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Morinaga Milk Industry Co Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies TSE:1332 TSE:2229 TSE:2206 TSE:2871 TSE:2810 TSE:2607 TSE:2296 TSE:2002 TSE:2809 TSE:2811 XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 SHSE:603288 NSE:NESTLEIND KHC SHSE:600887 SZSE:300999 GIS

Other Exchanges MO8:Germany

Address 33-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8384

Website http://www.morinagamilk.co.jp

Morinaga Milk Industry Co Ltd is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk-based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipment. The company through its subsidiaries markets its products internationally.

64GF Score

Get the complete analysis for TSE:2264

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,238.75

Price

円3,540.17

GF Value

View TSE:2264 Analysis

See ROCE % data for all stocks →