MORIROKU COMPANY,LTD. [4249.T]
TOKYO, May 14 (Pulse News Wire) – Moriroku Company,ltd. (4249.T) reported a decline in revenue for the fiscal year ending March 2026 due to production cuts and reduced chemical sales in China and Asia.
Revenue was ¥133.8 billion (down --¥12.30 billion compared to the previous year). Despite lower revenues, operating profit improved to ¥4.600 billion (up ¥500 million year-over-year) thanks to price adjustments, cost savings from the sale of its Mexican subsidiary, and reduced depreciation expenses in China. Currency fluctuations had a smaller impact than anticipated, contributing to ordinary profit rising to ¥3.900 billion (up ¥1.700 billion).
Net income saw a significant boost to ¥2.400 billion (up ¥10.20 billion), reversing the losses from the prior year's asset transfers and impairment charges. In breakdowns by sector, resin processing products led sales with 108,413 (down 9.7%) while chemical sales dropped significantly to 25,458 (down 2.3%). Geographically, North America experienced a notable decrease in revenue to 65,543 (down 12.2%), while Chinese operations also saw a reduction to 11,718 (down 11.2%).
Overall, the company expects continued challenges but remains optimistic about future growth opportunities.
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