MORESCO, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 20%, Sep-Nov Ordinary Profit Decreases by 49%

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Tue Jan 14, 2025 4:00 pm JST Earnings

5018 MORESCO Corporation 【J-GAAP】

Earnings Report

MORESCO Corporation <5018> [TSE Std] announced its financial results after the market closed on January 14th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 20.0% from the same period last year to 1.35 billion yen. The progress rate toward the full-year plan of 1.85 billion yen was 73.5%, also falling below the five-year average of 85.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to surge 3.9 times that of the same period last year, reaching 0.49 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit dropped to 0.39 billion yen, a 48.6% decrease compared to the same period last year. The operating profit margin worsened from 6.3% in the same period last year to 5.0%.

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
Mar - Nov, 2022	22,479	511	1,144	719	77.2	109.4	Jan 13, 2023	J-GAAP
Mar - Nov, 2023	23,731	1,050	1,699	1,335	144.7	93.0	Jan 15, 2024	J-GAAP
Mar - Nov, 2024	25,917	1,112	1,359	819	89.3	73.5	Jan 14, 2025	J-GAAP
YoY	+9.2%	+5.9%	-20.0%	-38.7%	-38.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	16,500	697	893	714	77.4	25	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	16,898	829	885	474	51.7	25	Oct 11, 2024	J-GAAP
YoY	+2.4%	+18.9%	-0.9%	-33.6%	-33.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	30,333	523	1,046	615	66.2	40	Apr 11, 2023	J-GAAP
Feb, 2024	31,886	1,225	1,826	1,283	139.0	45	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	34,000	1,500	1,850	1,050	114.5	45	Apr 12, 2024	J-GAAP
YoY	+6.6%	+22.4%	+1.3%	-18.2%	-17.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	8,345	522	766	766	83.0	6.3	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	8,155	175	127	-52	-5.6	2.1	Apr 12, 2024	J-GAAP
Mar - May, 2024	8,254	189	450	250	27.2	2.3	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	8,848	482	515	326	35.5	5.4	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	8,815	441	394	243	26.5	5.0	Jan 14, 2025	J-GAAP
YoY	+5.6%	-15.5%	-48.6%	-68.3%	-68.1%