MORITO, 7% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Dividend Raised by 4 yen

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Tue Jan 14, 2025 3:30 pm JST Earnings

9837 MORITO CO.,LTD. 【J-GAAP】

Earnings Report

MORITO CO.,LTD. <9837> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the fiscal year ending November 2024 increased 8.4% from the previous period to 3 billion yen. In the fiscal year ending November 2025, the profit is expected to grow by 6.6% to 3.2 billion yen, marking the fourth consecutive term of record-high profits. This will be the fifth consecutive term of revenue and profit growth.

At the same time, the company has decided to increase the dividend this fiscal year to 67 yen, an increase of 4 yen from the previous fiscal year.

In the most recent three-month period, from September to November (4Q), the consolidated ordinary profit decreased to 0.71 billion yen, a 7.7% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 5.5% in the same period last year to 5.5%.

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Actual Results

Historical Performance

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	48,537	2,868	3,003	2,572	97.1	63	Jan 14, 2025	J-GAAP
YoY	+0.0%	+16.4%	+8.4%	+16.0%	+16.9%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2024 Guidance	51,000	2,600	2,800	2,300	87.5	63	Nov 19, 2024	J-GAAP
Nov, 2024 Results	48,537	2,868	3,003	2,572	97.1	63	Jan 14, 2025	J-GAAP
Revision Rate	-4.8%	+10.3%	+7.2%	+11.8%	+11.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	23,749	1,483	1,565	1,393	52.4	29	Jul 12, 2024	J-GAAP
Dec - May, 2024 Guidance	ー	ー	ー	ー	－	33	Jan 14, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2023	48,529	2,464	2,771	2,217	83.1	55	Jan 12, 2024	J-GAAP
Nov, 2024	48,537	2,868	3,003	2,572	97.1	63	Jan 14, 2025	J-GAAP
Nov, 2025 Guidance	53,000	3,100	3,200	2,700	103.0	67	Jan 14, 2025	J-GAAP
YoY	+9.2%	+8.1%	+6.6%	+5.0%	+6.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Sep - Nov, 2024	12,912	715	718	653	24.7	5.5	Jan 14, 2025	J-GAAP
YoY	-0.5%	+0.1%	-7.7%	+33.8%	+34.9%