Morinaga Milk Industry Co., Ltd. announced consolidated and non-consolidated earnings results for year ended March 31, 2019. For the period, on consolidated basis, the company reported net sales were JPY 583,582 million against JPY 592,087 million a year ago. Operating income was JPY 22,331 million against JPY 21,684 million a year ago. Profit attributable to owners of parent was JPY 14,017 million or JPY 282.70 fully diluted per share against JPY 15,781 million or JPY 318.27 fully diluted per share a year ago. Profit per share was JPY 283.35 against JPY 319.01 a year ago.

For the year, on non-consolidated basis, the company reported compared to the net sales of JPY 430,363 million compared to JPY 440,554 million a year ago. Operating income of JPY 13,298 million compared to JPY 14,353 million a year ago. Net come of JPY 9,943 million compared to JPY 13,583 million a year ago. Net income per share- diluted were JPY 200.52 compared to JPY 273.93 a year ago. Profit per share was JPY 200.98 compared to JPY 274.57 a year ago.

The company provided consolidated earnings guidance for the second quarter-end and for the year ending March 31, 2020. For the second quarter, the company expected net sales of JPY 316,000 million, operating income of JPY 15,500 million, profit attributable to owners of the parent of JPY 10,300 million and earnings per share of JPY 208.26.

The company provided consolidated earnings guidance for the full year ending March 31, 2020. For the year, the company expects net sales were JPY 593,000 million, operating income was JPY 23,000 million and profit attributable to owners of parent was JPY 19,500 million or JPY 394.27 per basic share.