Morinaga Milk Industry Co (TSE:2264) Scaled Net Operating Assets: 0.67 (As of Mar. 2026)


TSE:2264 Morinaga Milk Industry Co Ltd TSE:2264
66 GF Score
Price 円1,298.50
GF Value 円885.96
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Morinaga Milk Industry Co Scaled Net Operating Assets?

Morinaga Milk Industry Co TSE:2264 -0.15% 66 Scaled Net Operating Assets is 0.67 as of Mar. 2026. GuruFocus rates TSE:2264 with a GF Score™ of 66/100 and a GF Value™ of 円885.96 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Morinaga Milk Industry Co's operating assets for the quarter that ended in Mar. 2026 was 円521,057 Mil. Morinaga Milk Industry Co's operating liabilities for the quarter that ended in Mar. 2026 was 円144,700 Mil. Morinaga Milk Industry Co's Total Assets for the quarter that ended in Dec. 2025 was 円563,988 Mil. Therefore, Morinaga Milk Industry Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.67.


Morinaga Milk Industry Co Scaled Net Operating Assets Historical Data

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The historical data trend for Morinaga Milk Industry Co's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Morinaga Milk Industry Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.67 0.63 0.61 0.72

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
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 0.67 0.63 0.64 0.67

TSE:2264 vs KHC, GIS: Scaled Net Operating Assets Comparison

For the Packaged Foods subindustry, Morinaga Milk Industry Co's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Milk Industry Co Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga Milk Industry Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Morinaga Milk Industry Co's Scaled Net Operating Assets falls into.


TSE:2264
66GF Score
Morinaga Milk Industry Co Ltd TSE:2264
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Morinaga Milk Industry Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Morinaga Milk Industry Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(521057-144700)/520423
=0.72

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=547116 - 26059
=521057

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=267369 - 104226 - 18443
=144700

Morinaga Milk Industry Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(521057-144700)/563988
=0.67

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=547116 - 26059
=521057

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=267369 - 104226 - 18443
=144700

* 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.

What does a Scaled Net Operating Assets of 0.67 mean?
Morinaga Milk Industry Co (TSE:2264) has a Scaled Net Operating Assets of 0.67 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Morinaga Milk Industry Co and its competitors.
Is Morinaga Milk Industry Co's Scaled Net Operating Assets too high?
Morinaga Milk Industry Co's current Scaled Net Operating Assets is 0.67. Overall, Morinaga Milk Industry Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morinaga Milk Industry Co's Scaled Net Operating Assets compare to KHC and GIS?
Morinaga Milk Industry Co's Scaled Net Operating Assets of 0.67 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Morinaga Milk Industry Co and its competitors. Morinaga Milk Industry Co's current Scaled Net Operating Assets is 0.67. 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 Overvalued. The stock's GF Value™ is 円885.96, compared to a current price of 円1,298.50 — trading 46.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.67. Morinaga Milk Industry Co's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Morinaga Milk Industry Co (TSE:2264), the current Scaled Net Operating Assets is 0.67 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 overvalued. The current stock price of 円1,298.50 is trading 46.6% above its estimated GF Value™ of 円885.96. GuruFocus considers Morinaga Milk Industry Co to be Significantly Overvalued.

Key valuation signals for TSE:2264:

  • Scaled Net Operating Assets: 0.67
  • GF Value™: 円885.96 vs. price of 円1,298.50 (46.6% above fair value)
  • GF Score™: 66/100 with 6 warning signs

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

Other Exchanges MO8:Germany
Address 33-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8384
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.
66GF Score

Get the complete analysis for TSE:2264

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,298.50
Price
円885.96
GF Value