Mory Industries (5464) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2024 was ¥11,446 million, a 5.0% decrease year-over-year due to lower sales prices and volumes.

• Operating profit declined 5.2% year-over-year to ¥1,410 million, impacted by higher transportation costs.

• Net income attributable to shareholders fell 11.5% year-over-year to ¥1,086 million.

• The business environment was affected by persistent yen weakness, inflation, and global economic uncertainty.

Financial highlights

• Gross profit margin was 24.9%, up from 24.0% year-over-year.

• Operating margin was 12.3%, nearly flat from 12.4% a year ago.

• Ordinary profit margin decreased to 13.7% from 14.4% year-over-year.

• EPS for Q1 was ¥139.94, down from ¥158.08 year-over-year.

• Comprehensive income dropped 25.2% year-over-year to ¥1,255 million.

Outlook and guidance

• Full-year revenue forecast remains at ¥45,000 million, up 6.1% year-over-year.

• Full-year operating profit forecast is ¥4,700 million (+20.3% YoY), net income forecast is ¥3,500 million (+22.6% YoY).

• No change to previously announced guidance.