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1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year.
Morinaga's 1-Year ROIIC % for the quarter that ended in Mar. 2026 was 1.31%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Morinaga's 1-Year ROIIC % or its related term are showing as below:
TSE:2201's 1-Year ROIIC % is ranked worse than 50.56% of 1887
companies
in the Consumer Packaged Goods industry
Industry Median: 1.63
vs TSE:2201: 1.31
Morinaga (TSE:2201) 1-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Morinaga 1-Year ROIIC % Related Terms
Morinaga 1-Year ROIIC % Historical Data
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The historical data trend for Morinaga's 1-Year ROIIC % 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.
TSE:2201 vs MDLZ, HSY, TR: 1-Year ROIIC % Comparison
For the Confectioners subindustry, Morinaga's 1-Year ROIIC %, along with its competitors' market caps and 1-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Morinaga 1-Year ROIIC % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Morinaga's 1-Year ROIIC % falls into.
* 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.
** TTM data of NOPAT and Invested Capital was used to calculate 1-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Morinaga (TSE:2201) has a 1-Year ROIIC % of 1.31 as of Mar. 2026. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on Morinaga and its competitors. According to the industry distribution chart, Morinaga ranks #954 out of 1887 companies in the Consumer Packaged Goods industry, placing it in the top 50.6%.
Is Morinaga's 1-Year ROIIC % too high?
Morinaga's current 1-Year ROIIC % is 1.31. The Consumer Packaged Goods industry median 1-Year ROIIC % is 1.63. Morinaga's value of 1.31 is 19.6% below this industry median. Based on the distribution chart, Morinaga ranks #954 out of 1887 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Morinaga has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morinaga's 1-Year ROIIC % compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Morinaga ranks #954 out of 1887 companies for 1-Year ROIIC %. This places Morinaga in the lower half of its industry. The industry median 1-Year ROIIC % is 1.63. Morinaga's value of 1.31 is 19.6% 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 1-Year ROIIC % for a Consumer Packaged Goods company?
The median 1-Year ROIIC % among Consumer Packaged Goods companies is 1.63, based on 1,887 companies in the industry. Companies in the top quartile (top 25%) have a 1-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 1-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morinaga's current 1-Year ROIIC % of 1.31 is 19.6% 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 1-Year ROIIC % mean?
A high 1-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on Morinaga and its competitors. For the Consumer Packaged Goods industry, the median 1-Year ROIIC % is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morinaga's current 1-Year ROIIC % is 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morinaga stock overvalued right now?
Based on GuruFocus' analysis, Morinaga (TSE:2201) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,110.35, compared to a current price of 円2,647.50 — trading 14.9% below its estimated fair value. The current 1-Year ROIIC % is 1.31 and 19.6% below the Consumer Packaged Goods industry median of 1.63. Morinaga's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 1-Year ROIIC % calculated?
1-Year ROIIC % is calculated from a company's financial statements. For Morinaga (TSE:2201), the current 1-Year ROIIC % is 1.31 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 (TSE:2201) Overvalued in 2026?
Based on GuruFocus' analysis, Morinaga stock appears to be undervalued.
The current stock price of 円2,647.50 is trading 14.9% below its estimated GF Value™ of 円3,110.35.
GuruFocus considers Morinaga to be Modestly Undervalued.
Key valuation signals for TSE:2201:
1-Year ROIIC %: 1.31
GF Value™: 円3,110.35 vs. price of 円2,647.50 (14.9% below fair value)
Industry Position: 19.6% below the Consumer Packaged Goods median (#954 of 1887)
No single metric tells the full story. See the TSE:2201 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morinaga & Co Ltd is a Japan-based confectionery company. It has developed a diverse range of confectionery products, canned soft drinks and ice cream that are delicious, fun, and healthy. The company's products are divided into five main divisions, Confectioneries, Foods, Frozen Desserts, Weider, and Healthcare. Confectionaries include Morinaga Biscuits, Chocoball chocolate, Dars chocolate, Koeda chocolate, and HI-CHEW candy. Foods include Morinaga Cocoa; Frozen Desserts include Choco Monaka Jumbo; Weider products include Weider in Jelly; and Healthcare products include Seisho-sabo, Kenpo-shukan, and Collagen drink.
85GF Score
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