Mory Industries (5464) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, was ¥34,880 million, a 4.1% decrease year-over-year due to lower sales prices and sluggish demand.

• Operating profit declined 6.7% to ¥4,290 million, impacted by increased transportation and other expenses.

• Ordinary profit fell 7.2% to ¥4,602 million, mainly due to reduced dividend income and foreign exchange gains.

• Net income attributable to shareholders was ¥3,279 million, down 7.5% year-over-year.

Financial highlights

• Gross profit margin improved to 25.0% from 23.9% year-over-year.

• SG&A expenses increased by ¥315 million, raising the SG&A ratio to 12.7%.

• EPS for the period was ¥423.48, compared to ¥456.47 in the prior year.

• Comprehensive income was ¥3,067 million, a 23.0% decrease year-over-year.

Outlook and guidance

• Full-year revenue forecast remains unchanged at ¥45,000 million, with operating profit projected at ¥4,700 million and net income at ¥3,500 million.

• Dividend forecast is maintained at ¥230 per share for the year.