Mory Industries reports profit decline despite solid financial position

Mory Industries announced its second quarter consolidated financial results for the fiscal year ending March 2026, reporting a decline in both revenue and profit. Consolidated net sales for the period were JPY 21,613 million, a 5.3% decrease compared to the previous interim period. Operating profit fell 26.5% to JPY 2,067 million, while ordinary profit decreased by 22.3% to JPY 2,299 million. Net profit attributable to owners of the parent company also saw a significant reduction of 23.5% to JPY 1,590 million.

The company's financial position remained solid, with total assets increasing by JPY 717 million to JPY 70,559 million as of September 30, 2025. Shareholder's equity increased to JPY 56,500 million, resulting in a slight improvement in the equity ratio to 80.0%. Cash and cash equivalents at the end of the interim period were JPY 15,908 million.

Despite the current challenges, Mory Industries has maintained its full-year consolidated earnings forecast for the fiscal year ending March 31, 2026, with anticipated JPY 45,800 million in net sales and JPY 3,400 million in net profit attributable to owners of the parent company. The company also announced an interim dividend of JPY 16.00 per share, with a projected year-end dividend of JPY 20.00 per share.