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Morozoff Limited, 5% Increase in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 2 Yen, Plan to Continue the 16 Yen Policy This Fiscal Year as Well

Fri Mar 13, 2026 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 13th (15:30). The consolidated ordinary profit for the fiscal year ended January 2026 dropped by 38.7% from the previous period to 1.28 billion yen. For the fiscal year ending January 2027, the consolidated ordinary profit is expected to grow by 5.0% to 1.35 billion yen. This will be the sixth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 14 yen to 16 yen (compared to 82 yen before the 3-for-1 forward stock split in the previous term), and has decided to continue with a dividend of 16 yen for the current term as well.

In the most recent three-month period, from November to January (4Q), the consolidated ordinary profit decreased to 1.43 billion yen, a 23.0% decrease compared to the same period last year. The operating profit margin decreased from 13.5% in the same period last year to 10.5%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
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 36,273 1,264 1,286 642 31.9 16 Mar 13, 2026 J-GAAP
YoY +0.7% -38.6% -38.7% -54.6% -53.7%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2026 Guidance 36,140 1,280 1,310 700 34.6 14 Jan 30, 2026 J-GAAP
Jan, 2026 Results 36,273 1,264 1,286 642 31.9 16 Mar 13, 2026 J-GAAP
Revision Rate +0.4% -1.3% -1.8% -8.3% -8.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2025 16,192 424 468 271 13.4 6 Sep 11, 2025 J-GAAP
Feb - Jul, 2026 Guidance 16,420 450 480 370 18.5 6 Mar 13, 2026 J-GAAP
YoY +1.4% +6.1% +2.6% +36.5% +37.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2025 36,017 2,058 2,098 1,414 68.9 27.33 Mar 14, 2025 J-GAAP
Jan, 2026 36,273 1,264 1,286 642 31.9 16 Mar 13, 2026 J-GAAP
Jan, 2027 Guidance 36,820 1,310 1,350 770 38.4 16 Mar 13, 2026 J-GAAP
YoY +1.5% +3.6% +5.0% +19.9% +20.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2024 13,677 1,848 1,865 1,069 52.1 13.5 Mar 14, 2025 J-GAAP
Feb - Apr, 2025 8,998 421 431 264 13.1 4.7 Jun 10, 2025 J-GAAP
May - Jul, 2025 7,194 3 37 7 0.4 0.0 Sep 11, 2025 J-GAAP
Aug - Oct, 2025 6,063 -626 -618 -473 -23.4 -10.3 Dec 11, 2025 J-GAAP
Nov - Jan, 2025 14,018 1,466 1,436 844 41.9 10.5 Mar 13, 2026 J-GAAP
YoY +2.5% -20.7% -23.0% -21.0% -19.6%

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