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

Fri Sep 12, 2025 4:00 pm JST Earnings

3653 Morpho,Inc. 【J-GAAP】

Earnings Report

Morpho,Inc. <3653> [TSE Growth] announced its financial results after the market closed on September 12th (16:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending October 2025 (November 2024 to July 2025) turned into a loss of 210 million yen (compared to a profit of 160 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 320 million yen to a loss of 100 million yen (compared to a profit of 301 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the May to October period (second half) has decreased 82.0%, from the previous forecast of 512 million yen to 92 million yen (compared to 183 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 49.7% decrease in profit.

In the most recent three-month period, from May to July (3Q), the consolidated net income/loss turned to a loss of 18 million yen (compared to a profit of 42 million yen in the same period last year). The operating profit margin worsened from 4.3% in the same period last year to 2.2%.

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
Nov - Jul, 2022 1,517 -359 -347 -437 -85.4 ー Sep 8, 2023 J-GAAP
Nov - Jul, 2023 2,353 136 194 160 31.2 65.1 Sep 13, 2024 J-GAAP
Nov - Jul, 2024 2,333 -90 -80 -210 -40.1 ー Sep 12, 2025 J-GAAP
YoY -0.8% － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2025 Prev 2,169 488 539 512 97.5 0 Jun 13, 2025 J-GAAP
May - Oct, 2025 New 1,769 148 189 92 17.5 0 Sep 12, 2025 J-GAAP
Revision Rate -18.4% -69.7% -64.9% -82.0% -82.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2025 Prev 3,700 380 410 320 60.9 0 Dec 13, 2024 J-GAAP
Oct, 2025 New 3,300 40 60 -100 -19.0 0 Sep 12, 2025 J-GAAP
Revision Rate -10.8% -89.5% -85.4% － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 1,759 156 155 183 35.6 0 Dec 13, 2024 J-GAAP
May - Oct, 2025 Guidance 1,769 148 189 92 17.5 0 Sep 12, 2025 J-GAAP
YoY +0.6% -5.1% +21.9% -49.7% -50.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 2,383 -244 -192 -300 -58.5 0 Dec 15, 2023 J-GAAP
Oct, 2024 3,300 257 298 301 58.6 0 Dec 13, 2024 J-GAAP
Oct, 2025 Guidance 3,300 40 60 -100 -19.0 0 Sep 12, 2025 J-GAAP
YoY 0.0% -84.4% -79.9% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2024 812 35 51 42 8.2 4.3 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 947 121 104 141 27.5 12.8 Dec 13, 2024 J-GAAP
Nov - Jan, 2024 699 -138 -109 -122 -23.5 -19.7 Mar 14, 2025 J-GAAP
Feb - Apr, 2025 832 30 -20 -70 -13.4 3.6 Jun 13, 2025 J-GAAP
May - Jul, 2025 802 18 49 -18 -3.4 2.2 Sep 12, 2025 J-GAAP
YoY -1.2% -48.6% -3.9% － －

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