Morinaga Milk acquires new head office, investing 46.4 bn yen

Morinaga Milk Industry Co., Ltd. announced on September 12, 2025, the acquisition of sectional ownership in a large-scale complex to house its new head office. This move follows the demolition of the former Morinaga Plaza Building, completed in 1974, which will be replaced by a 24-floor complex in Shiba 5-chome, Minato-ku, Tokyo. The project is a joint development with Mitsui Fudosan Co., Ltd. and East Japan Railway Company, involving a total investment of 46.4 billion yen.

The new facility will primarily feature offices, retail spaces, and industrial support facilities. Morinaga Milk Industry plans to acquire ownership equivalent to nine office floors and relocate its head office by the fall of 2029, utilizing a portion of this space. The acquisition is not expected to impact earnings for the fiscal year ending March 31, 2026.

Construction, undertaken by Kajima Corporation, is scheduled to commence in October 2025, with building completion and operations starting in March 2029. The overall project is expected to be completed during fiscal year 2033. Kajima Corporation reported total assets of 3,454,592 million yen as of March 31, 2025.