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MORESCO, First Half Ordinary Profit Decreases by 4%, Jun-Aug Ordinary Profit Decreases by 7%

Tue Oct 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 October 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2026 (March to August) decreased 4.5% from the same period last year to 0.92 billion yen. Progress toward the full-year plan of 2.10 billion yen was 43.9%, also falling below the five-year average of 49.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to expand 37.6% from the same period last year, reaching 1.17 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 0.48 billion yen, a 6.6% decrease compared to the same period last year. The operating profit margin worsened from 5.4% in the same period last year to 5.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Aug, 2023 15,386 528 933 569 61.7 51.1 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 17,102 671 965 576 62.8 53.0 Oct 11, 2024 J-GAAP
Mar - Aug, 2025 16,865 949 922 506 55.2 43.9 Oct 14, 2025 J-GAAP
YoY -1.4% +41.4% -4.5% -12.2% -12.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 Guidance ー ー ー ー － 20 Apr 11, 2025 J-GAAP
Mar - Aug, 2025 Results 16,865 949 922 506 55.2 20 Oct 14, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 17,272 720 856 437 47.7 25 Apr 11, 2025 J-GAAP
Sep - Feb, 2025 Guidance 19,635 801 1,178 794 86.5 25 Oct 14, 2025 J-GAAP
YoY +13.7% +11.3% +37.6% +81.7% +81.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 31,886 1,225 1,826 1,283 139.0 45 Apr 12, 2024 J-GAAP
Feb, 2025 34,374 1,391 1,821 1,013 110.5 45 Apr 11, 2025 J-GAAP
Feb, 2026 Guidance 36,500 1,750 2,100 1,300 141.7 45 Apr 11, 2025 J-GAAP
YoY +6.2% +25.8% +15.3% +28.3% +28.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Dec - Feb, 2024 8,457 279 462 194 21.2 3.3 Apr 11, 2025 J-GAAP
Mar - May, 2025 8,516 520 441 237 25.9 6.1 Jul 10, 2025 J-GAAP
Jun - Aug, 2025 8,349 429 481 269 29.3 5.1 Oct 14, 2025 J-GAAP
YoY -5.6% -11.0% -6.6% -17.5% -17.5%

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