Mory Industries (5464) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 FY8/2024 was ¥10,966 million, down 4.2% year-over-year due to lower sales volumes.

• Operating profit fell 23.3% to ¥1,082 million, and net profit attributable to shareholders dropped 20.8% to ¥860 million, impacted by higher labor and logistics costs.

• The stainless steel industry faced weak demand, price declines, and increased competition from imports.

Financial highlights

• Gross profit margin decreased to 23.8% from 24.9% year-over-year.

• Operating margin declined to 9.9% from 12.3% year-over-year.

• Comprehensive income for the quarter was ¥849 million, down 32.3% year-over-year.

• EPS for Q1 was ¥22.67, compared to ¥27.98 in the prior year.

Outlook and guidance

• Full-year revenue forecast is ¥45,800 million, a 0.7% decrease from the previous year.

• Full-year operating profit is projected at ¥4,600 million (+14.8%), and net profit at ¥3,400 million (+17.6%).

• No changes to previously announced guidance.