MGAAF (Morinaga) Total Operating Expense: $479 Mil (TTM As of Mar. 2026)


MGAAF Morinaga & Co Ltd MGAAF
85 GF Score
Price $15.51
GF Value $17.99
! 4 Warning Signs
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What is Morinaga Total Operating Expense?

Morinaga MGAAF 85 Total Operating Expense is $479 Mil as of Mar. 2026. GuruFocus rates MGAAF with a GF Score™ of 85/100 and a GF Value™ of $17.99. The stock has 4 warning signs investors should review.

Morinaga's Total Operating Expense for the three months ended in Mar. 2026 was $118 Mil. Morinaga's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $479 Mil.

Morinaga Total Operating Expense Related Terms

Morinaga Total Operating Expense Historical Data

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The historical data trend for Morinaga's Total Operating Expense 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 Total Operating Expense Chart

Morinaga Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 490.31 459.47 443.31 461.43 457.30

Morinaga Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 116.27 123.09 127.02 111.22 117.58
MGAAF
85GF Score
Morinaga & Co Ltd MGAAF
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Morinaga Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $479 Mil.

* 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 Total Operating Expense of $479 Mil mean?
Morinaga (MGAAF) has a Total Operating Expense of $479 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Morinaga and its competitors.
Is Morinaga's Total Operating Expense too high?
Morinaga's current Total Operating Expense is $479 Mil. Overall, Morinaga has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Morinaga's Total Operating Expense compare to MDLZ and HSY?
Morinaga's Total Operating Expense of $479 Mil 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 Total Operating Expense for a Consumer Packaged Goods company?
A good Total Operating Expense depends on the Consumer Packaged Goods industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Morinaga and its competitors. Morinaga's current Total Operating Expense is $479 Mil. 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?
Morinaga (MGAAF) has a current Total Operating Expense of $479 Mil. The stock's GF Value™ is $17.99, compared to a current price of $15.51 — trading 13.8% below its estimated fair value. The current Total Operating Expense is $479 Mil. 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 Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Morinaga (MGAAF), the current Total Operating Expense is $479 Mil 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 (MGAAF) Overvalued in 2026?

Based on GuruFocus' analysis, Morinaga stock appears to be undervalued. The current stock price of $15.51 is trading 13.8% below its estimated GF Value™ of $17.99.

Key valuation signals for MGAAF:

  • Total Operating Expense: $479 Mil
  • GF Value™: $17.99 vs. price of $15.51 (13.8% below fair value)
  • GF Score™: 85/100 with 4 warning signs

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

Morinaga Business Description

Other Exchanges 2201:Japan
Address 5-33-1 Shiba, Minato-ku, Tokyo, JPN, 108-8403
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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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.51
Price
$17.99
GF Value