Morozoff Limited, 49% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Mar 14, 2025 3:30 pm JST Earnings

2217 Morozoff Limited 【J-GAAP】

Earnings Report

Morozoff Limited <2217> [TSE Prime] announced its financial results after the market closed on March 14th (15:30). The consolidated ordinary profit for the fiscal year ending January 2025 decreased 16.6% from the previous period to 2.09 billion yen. In the fiscal year ending January 2026, the profit is expected to drop by 49.0% from the previous period to 1.07 billion yen. This will be the third consecutive term of declining profits.

At the same time, the company increased the annual dividend for the previous term from 78 yen to 82 yen (compared to 98 yen in the prior term), and the annual dividend for this fiscal year is 14 yen, taking into account the forward stock split scheduled to be allocated on January 31, this dividend represents an actual reduce of 48.8%.

In the most recent three-month period, from November to January (4Q), the consolidated ordinary profit decreased to 1.86 billion yen, a 7.4% decrease compared to the same period last year. The operating profit margin decreased from 15.0% in the same period last year to 13.5%.

Kabutan News

Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	32,505	2,423	2,615	1,703	80.7	21.67	Mar 16, 2023	J-GAAP
Jan, 2024	34,933	2,474	2,517	1,715	81.6	32.67	Mar 15, 2024	J-GAAP
Jan, 2025	36,017	2,058	2,098	1,414	68.9	27.33	Mar 14, 2025	J-GAAP
YoY	+3.1%	-16.8%	-16.6%	-17.6%	-15.6%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2025 Guidance	35,850	2,000	2,020	1,350	66.8	26	Sep 11, 2024	J-GAAP
Jan, 2025 Results	36,017	2,058	2,098	1,414	68.9	27.33	Mar 14, 2025	J-GAAP
Revision Rate	+0.5%	+2.9%	+3.9%	+4.7%	+3.1%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024	16,470	727	748	486	23.4	11.67	Sep 11, 2024	J-GAAP
Feb - Jul, 2025 Guidance	16,300	330	360	140	6.9	6	Mar 14, 2025	J-GAAP
YoY	-1.0%	-54.6%	-51.9%	-71.2%	-70.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2024	34,933	2,474	2,517	1,715	81.6	32.67	Mar 15, 2024	J-GAAP
Jan, 2025	36,017	2,058	2,098	1,414	68.9	27.33	Mar 14, 2025	J-GAAP
Jan, 2026 Guidance	36,050	1,020	1,070	570	28.2	14	Mar 14, 2025	J-GAAP
YoY	+0.1%	-50.4%	-49.0%	-59.7%	-59.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Nov - Jan, 2023	13,281	1,994	2,013	1,460	69.4	15.0	Mar 15, 2024	J-GAAP
Feb - Apr, 2024	9,310	728	732	500	24.1	7.8	Jun 10, 2024	J-GAAP
May - Jul, 2024	7,160	-1	16	-14	-0.7	0.0	Sep 11, 2024	J-GAAP
Aug - Oct, 2024	5,870	-517	-515	-141	-6.8	-8.8	Dec 11, 2024	J-GAAP
Nov - Jan, 2024	13,677	1,848	1,865	1,069	52.1	13.5	Mar 14, 2025	J-GAAP
YoY	+3.0%	-7.3%	-7.4%	-26.8%	-25.0%