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Morpho,Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 70%

Fri Sep 13, 2024 4:00 pm JST Earnings

3653 Morpho,Inc. 【J-GAAP】

Earnings Report

Morpho,Inc. <3653> [TSE-G] announced its financial results after the market closed on September 13th (16:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) turned into a profit of 194 million yen (compared to a loss of 347 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit has been revised upward by 70.0%, from the previous forecast of 200 million yen to 340 million yen (compared to a loss of 192 million yen in the previous period).

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the May to October period (second half) is expected to increase by 3.5 times, from the previous forecast of 57 million yen to 197 million yen (compared to 99 million yen in the same period of the previous year), turning to a 99.0% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit/loss turned to a profit of profit of 51 million yen (compared to a loss of 56 million yen in the same period last year). The operating profit/loss margin drastically improved from -15.7% in the same period last year to 4.3%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Nov - Jul, 2021 1,406 -486 -439 -479 -93.2 ー Sep 9, 2022 J-GAAP
Nov - Jul, 2022 1,517 -359 -347 -437 -85.4 ー Sep 8, 2023 J-GAAP
Nov - Jul, 2023 2,353 136 194 160 31.2 57.1 Sep 13, 2024 J-GAAP
YoY +55.1% － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 Prev 1,359 99 57 21 4.0 0 Jun 14, 2024 J-GAAP
May - Oct, 2024 New 1,759 179 197 152 29.1 0 Sep 13, 2024 J-GAAP
Revision Rate +29.4% +80.8% +245.6% +623.8% +623.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2024 Prev 2,900 200 200 139 26.6 0 Dec 15, 2023 J-GAAP
Oct, 2024 New 3,300 280 340 270 51.7 0 Sep 13, 2024 J-GAAP
Revision Rate +13.8% +40.0% +70.0% +94.2% +94.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 1,388 33 99 57 11.1 0 Dec 15, 2023 J-GAAP
May - Oct, 2024 Guidance 1,759 179 197 152 29.1 0 Sep 13, 2024 J-GAAP
YoY +26.7% +442.4% +99.0% +166.7% +161.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 1,997 -588 -510 -668 -130.0 0 Dec 9, 2022 J-GAAP
Oct, 2023 2,383 -244 -192 -300 -58.5 0 Dec 15, 2023 J-GAAP
Oct, 2024 Guidance 3,300 280 340 270 51.7 0 Sep 13, 2024 J-GAAP
YoY +38.5% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 522 -82 -56 -80 -15.6 -15.7 Sep 8, 2023 J-GAAP
Aug - Oct, 2023 866 115 155 137 26.7 13.3 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 655 -73 -77 -86 -16.8 -11.1 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 886 174 220 204 39.9 19.6 Jun 14, 2024 J-GAAP
May - Jul, 2024 812 35 51 42 8.2 4.3 Sep 13, 2024 J-GAAP
YoY +55.6% － － － －

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