The company’s operating profit reached 2.92 billion yen, up from 2.38 billion yen in the prior year, while pretax profit rose to 3.11 billion yen compared to 2.64 billion yen previously. Earnings per share dropped to 94.20 yen from 115.34 yen. These results, prepared under Japanese accounting standards, reflect a complex fiscal period where top-line expansion failed to translate into higher net income.
In section Market Quotes
Morito Profit Dips Despite Double-Digit Revenue Growth
Morito Co. Ltd. posted a net profit of 2.37 billion yen for the nine months ending August 31, a significant retreat from the 3.02 billion yen reported during the same period last year. Despite this bottom-line contraction, the Japanese manufacturer saw its revenue climb to 49.31 billion yen from 40.60 billion yen.
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