Morinaga & Co Ltd (Morinaga) is a manufacturer, distributor, and marketer of food products. It offers a wide range of food products including confectionery, frozen desserts, and health products.

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Morinaga’s is actively engaged in research and development activities aimed at creating healthy food products that are cherished by generations. The company's R&D efforts focus on enhancing existing technologies, such as the flagship brand Hi-Chew, by developing products that contribute to mental well-being through sensory research. The company is also innovating in the premium ice cream market with products like The Crepe and Chocolate Bar Ice Cream, which utilize unique combination technologies. The company focuses on refining basic research, ingredient research, food processing technology, and mass production technology to develop unique new products and promote new dietary styles. Additionally, the company is exploring new technologies to create value in wellness, including research in mental health and health science, with studies on materials like piceatannol and glucose. The company is committed to sustainable research, focusing on environmentally conscious packaging and sustainable protein sources. The Morinaga’s R&D Center serves as a core base for value creation and collaboration with various partners. This center is responsible for integrating knowledge and technology across various food categories and engaging in co-creation with internal and external partners to drive value creation. In FY2026, the company incurred an expense of JPY3,213 million on its R&D activities, which grew by 5.5%YoY and stood at 1.4% of the company’s total revenue.