The Japanese food maker posted net profit of Y17.77 billion for the year ended 31 March, on revenue of Y236.67 billion and earnings per share of Y211.07.
Operating profit rose to Y22.39 billion from Y21.27 billion, while pretax profit edged up to Y22.66 billion from Y22.30 billion.
Revenue increased from Y228.96 billion a year earlier, and the results were prepared under Japanese accounting standards.
With a $260M U.S. gamble and admitted struggles, can Morinaga's expansion deliver the growth investors are demanding?
From candy to dog treats and mochi ice cream, is Morinaga's diversification a brilliant transformation or a brand-diluting distraction?