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MORITO CO.,LTD., December-August (Third Quarter Cumulative) Ordinary Profit Increases by 15%, June-Augus Ordinary Profit Increases by 35%

Fri Oct 11, 2024 3:00 pm JST Earnings

9837 MORITO CO.,LTD. 【J-GAAP】

Earnings Report

MORITO CO.,LTD. <9837> [TSE-P] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) increased by 14.7% from the same period last year, reaching 2.28 billion yen. The progress rate against the 2.8 billion yen full-year plan was 81.6%, also surpassing the five-year average of 64.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to November period (4Q) is expected to drop by 33.8% from the same period last year to 515 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit increased by 34.8% from the same period last year, reaching 720 million yen. The operating profit margin improved from 3.9% in the same period last year to 5.6%.

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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
Dec - Aug, 2021 35,172 1,586 1,747 1,242 46.1 74.6 Oct 14, 2022 J-GAAP
Dec - Aug, 2022 35,551 1,750 1,993 1,729 64.7 71.9 Oct 13, 2023 J-GAAP
Dec - Aug, 2023 35,625 2,153 2,285 1,919 72.3 81.6 Oct 11, 2024 J-GAAP
YoY +0.2% +23.0% +14.7% +11.0% +11.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 24,381 1,159 1,312 909 34.1 28 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 Guidance 27,251 1,117 1,235 907 34.5 29 Jul 12, 2024 J-GAAP
YoY +11.8% -3.6% -5.9% -0.2% +1.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 48,478 2,116 2,342 1,674 62.2 32 Jan 13, 2023 J-GAAP
Nov, 2023 48,529 2,464 2,771 2,217 83.1 55 Jan 12, 2024 J-GAAP
Nov, 2024 Guidance 51,000 2,600 2,800 2,300 87.5 58 Jan 12, 2024 J-GAAP
YoY +5.1% +5.5% +1.0% +3.7% +5.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 11,403 445 534 421 15.8 3.9 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 12,978 714 778 488 18.3 5.5 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 11,744 662 669 564 21.2 5.6 Apr 12, 2024 J-GAAP
Mar - May, 2024 12,005 821 896 829 31.2 6.8 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 11,876 670 720 526 19.8 5.6 Oct 11, 2024 J-GAAP
YoY +4.1% +50.6% +34.8% +24.9% +25.9%

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