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  7. Morinaga
Company logo

Morinaga | Sustainability Performance

https://www.morinaga.co.jp/company/english/
Linkedin

Produces confectionery, food products, and nutritional items, distributing its brands through retail and wholesale networks.

1899

Japan

1,001 - 5,000 employees

Food Production

$1B - 10B in revenue

$100M - 500M in profitability

Submit or report inaccurate dataDownload Company Insights

Sustainability Ranking & Industry Benchmark

#2004
Overall
#110
in Japan
#64
in Food Production

Sustainability Maturity

​​0123456789​​%

Sustainability Intent

Available in
Scale package

Access
​​0123456789​​%

Industry Rank

401 out of 436

Overview
Environmental
Carbon emissionsEnergy consumptionWater managementAir and land impactNature and biodiversityNature riskClimate risk
Social
Diversity and inclusionPay gapsHealth and safetyExternalities
Governance
TargetsSDG ImpactESG scores and exclusionsB-corp & CDP
Financial Data
Business performanceCapital & innovationAnalyst projections

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Riken Vitamin

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CO2 scope 1 + 2

84.6K CO2e tonnes, 2024
Aligned

Renewable energy

48% 2024

Female engagement

45% 2024
Leading

Externalities

5.8M $, 2025
Aligned

Market cap

33.2T $, 2026▼7.8% YoY

Revenue

1.6B $, 2026▲3.3% YoY

R&D intensity

1.36% 2026

Carbon emissions

Reveal data for 1 credit

Industry rank: 28 out of 436


Total CO2 emissions
(CO2e tonnes)

Industry rank: 28 out of 436

Scope 1
Scope 2 location based
Scope 3 downstream
Scope 3 upstream
Industry benchmark
(adj. for revenues)
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Renewable energy

Reveal data for 1 credit
48%2024

Industry rank: 11 out of 436


Total energy consumption
and % renewables
(MWh, % of consumption)

Industry rank: 11 out of 436

Total energy

Share of renewable energy

Industry benchmark

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Renewable electricity

Reveal data for 1 credit
%2024

Industry rank: Beyond Top 100


Total electricity consumption
and % renewables
(MWh, % of consumption)

Industry rank: Beyond Top 100

Total electricity

Share of renewable electricity

Industry benchmark

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Intensity


Greenhouse gas intensity Scope 1, 2 (tCO₂e /$M)
Greenhouse gas intensity (Scope 1, 2, 3)(tCO₂e /$M)
Energy consumption (direct) intensity (MWh /$M)
Water consumption intensity (m³ /$M)
Industry Benchmark

53.5

B/M 69.8

307.0

B/M 705.7

175.1

B/M 216.5

1.1K

B/M 1.0K


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Female engagement

Reveal data for 1 credit

Share of female employees (%)

25
50
75
100
Company
Benchmark
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Controversy level


Very Low
Low
Noticeable
High
Severe
Download Controversy Analysis
  • Morinaga & Co Ltd, Japanese confectionery (Choco Monaka), has faced sustained Japanese FSA enforcement scrutiny over alleged misleading marketing of confectionery product nutritional claims, plus the contested 2024 sustained share price volatility amid Japanese confectionery customer demand normalization affecting Japanese institutional shareholders amid the broader Asian confectionery market consolidation pressure.
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Carbon emissions breakdown

Reveal data for 2 credits

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Energy consumption breakdown

Reveal data for 2 credits

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Climate risk

OverallAcuteChronic
Reveal data for 20 credits
Unlock Acute & Chronic
123 assets assessed
ScenarioComing soon
70High
$309.3Mestimated revenue at risk
Thematic risk scoresESRS aligned scoresComing soon
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Nature risk

Reveal data for 10 credits

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Production loss

Reveal data for 5 credits

Share of company output at risk (%)

Direct operations
Upstream supply chain
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Revenue at risk

Reveal data for 5 credits

Production-loss NVaR expressed in monetary terms ($)

Direct revenue at risk
Upstream revenue at risk
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Assets exposed to sensitive locations

Reveal data for 5 credits

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Biodiversity loss in km²

Reveal data for 2 credits

Biodiversity loss in terms of the equivalent land affected (km²e)

Total biodiversity loss (km²e)
Industry benchmark
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Biodiversity loss in CO2e

Reveal data for 2 credits

Total biodiversity loss as CO2e tonnes

Total biodiversity loss (CO2e tonnes)
Industry benchmark

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Potential species loss

Reveal data for 2 credits

Estimated nature species lost due to corporate activity, expressed as Potentially Disappeared Fraction (PDF)

One row per year, with the latest at the top. Each driver uses its own scale.

Low ImpactHigh Impact
Industry benchmark
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Biodiversity impact

Reveal data for 2 credits

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PDF: Potentially Disappeared Fraction (of species) due to corporate activities

Waste management

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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Water management

Reveal data for 2 credits

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20202021202220232024Benchmark
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Air pollution

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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Land use

Reveal data for 2 credits

KPIMetricYear
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Diversity & inclusion

Reveal data for 3 credits

KPIMetricYear
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Pay gap breakdown

Reveal data for 1 credit

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Health & safety

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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Externalities

Reveal data for 1 credit

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Market cap

33.2T $, 2026▼7.8% YoY

Revenue

1.6B $, FY2026▲3.3% YoY

EBITDA

149.7M $, FY2026▼9.1% YoY

Operating margin

9% Industry: 10▲1.9% YoY

Revenue & EBITDA

$1.6BFY2026 revenue

Total Annual
Revenue & EBITDA
($ B)

Annual revenue
EBITDA
3 year change
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Margin trends


Margin as % of revenue

Gross margin
Operating margin
Net margin

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Free cashflow

-34.3M 2025▲483.8% YoY

Capex

106.2M 2025▲34.1% YoY

Debt/equity ratio

0.1 Industry: 1▼NaN% YoY

R&D intensity

1.4%FY2026

R&D as % of revenue

R&D as % of revenue
Industry benchmark

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Return on invested capital

11.0%FY2026

Return on invested capital (ROIC)
Industry benchmark

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Analyst revenue estimates & actuals


Analyst consensus vs actuals
($ B)

Actual revenue
Consensus estimates
Estimate only

1.4

▲ 100673.5%

2024

1.5

▲ 0.4%

2025

1.6

▲ 0.4%

2026

283.9

2031

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Environmental policy coverage

Carbon reduction policy

Available

Human rights policy

Available

Recycling policy

Available

Workplace health & safety policy

Available

13%
Independent Directors

3 out of 24 incl. management

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SBTi targets and commitments

TargetStatusTemperature alignmentYear
Near-term targetTargets set1.5°CFY2035
Long-term targetNot disclosed--
Net-zeroNot disclosed--
Business Ambition 1.5°CNot disclosed--

Target details

Near-Term Targets: Energy and Industry: MORINAGA & CO., LTD. commits to reduce absolute scope 1 and 2 GHG emissions 63.0% by FY2035 from a FY2022 base year. MORINAGA & CO., LTD. also commits to reduce absolute scope 3 GHG emissions 37.5% within the same timeframe. FLAG: MORINAGA & CO., LTD. commits to reduce absolute scope 3 FLAG GHG emissions 45.5% by FY2035 from a FY2022 base year.** MORINAGA & CO., LTD. commits to no deforestation across its primary deforestation-linked commodities, with a target date of December 31, 2025. **The target includes FLAG emissions and removals.

Powered by illuminem and Science Based Targets initiative. Last updated: 16 Apr 2026

Overall score

62

Environment

84

Social

58

Governance

45

Exclusion screening

Adult content

Not available

Alcoholic

Not available

Animal testing

Not available

Firearms

Not available

Tobacco

Not available

Gambling

Not available

Nuclear

Not available

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CDP Scores


Climate Score

B

Forests Score

B

Water Score

A-

A

A-

B

B-

C

C-

D

D-

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SDG impact

Reveal data for 5 credits
2025

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SDG impact (historical)

Reveal data for 5 credits

KPIMetricYear
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Reporting

sustainability report symbol

Sustainability Report

Available

image report
Available

Sustainability employees


Total sustainability employees

1


    Available in
    Scale package

    Access
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