Mory Industries (5464) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2025, was ¥32,541 million, down 6.7% year-over-year due to lower sales volumes, especially in construction and automotive segments.

• Operating profit declined 22.7% to ¥3,318 million, and net income attributable to shareholders fell 22.1% to ¥2,555 million, impacted by higher labor and logistics costs.

Financial highlights

• Gross profit margin decreased to 24.1% from 25.0% year-over-year.

• Operating margin dropped to 10.2% from 12.3% year-over-year.

• Net profit margin was 7.9%, down from 9.4% in the prior year.

• Comprehensive income was ¥3,108 million, up 1.3% year-over-year.

Outlook and guidance

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

• Operating profit is projected at ¥4,600 million (+14.8%), and net income at ¥3,400 million (+17.6%).

• No changes to previously announced guidance.