Morpho, Net Income Forecast for the Fiscal Year Revised Downward to a Loss

Morpho,Inc. <3653> [TSE Growth] announced its financial results after the market closed on June 12th (16:00). The consolidated net loss for the cumulative second quarter of the fiscal year ending October 2026 (November 2025 to April 2026) expanded to a loss of 681 million yen (compared to a loss of 192 million yen in the same period last year).

In addition, the full-year forecast for consolidated net income/loss has been revised downward from an expected profit of 70 million yen to a loss of 520 million yen (compared to a loss of 77 million yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the May to October period (second half) is expected to expand 40.0% from the same period last year, reaching 161 million yen.

In the most recent three-month period, from February to April (2Q), the consolidated net loss expanded to a loss of 307 million yen (compared to a loss of 70 million yen in the same period last year). The operating profit/loss margin drastically worsened from 3.6% in the same period last year to -21.8%.

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