TOKYO, Apr 14 (Pulse News Wire) – Morito CO.,LTD. (9837.T) reported strong first quarter results, achieving record-high revenue of ¥600 billion and operating profit of ¥30 billion.
The performance was bolstered by the integration effects of Ms.ID and Mitsuboshi Corporation, along with robust sales of sports shoe accessories in Vietnam. However, geopolitical risks and economic uncertainties led the company to maintain its full-year outlook unchanged despite the positive progress so far.
In detail, the company's health-related products and kitchen equipment services also contributed positively to the earnings. Despite increased personnel costs and reduced exchange gains, the firm managed to increase its net income by ¥59 million year-over-year.
Looking ahead, Moriito plans to continue focusing on strategic investments and maintaining stable dividend payouts, aiming for sustained growth in the coming quarters.
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