Morinaga & Co (2201) Maintain Neutral: Weak US earnings; longer-term growth scenario unclear

Research evidence excerpt

Morinaga & Co (2201) Maintain Neutral: Weak US earnings; longer-term growth scenario unclear

JPMorgan Securities Japan Co., Ltd. Asia Pacific Equity Research

Satoshi Fujiwara AC 28 May 2026 J P M O R G A N

(81-3) 6736-8652

satoshi.fujiwara@jpmorgan.com

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