Morito Income Statement

Financials in millions JPY. Fiscal year is December - November.

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	56,867	48,537	48,529	48,478	43,636
Revenue Growth (YoY)	17.16%	0.02%	0.10%	11.10%	7.14%
Cost of Revenue	39,480	34,399	35,264	35,991	32,236
Gross Profit	17,387	14,138	13,265	12,487	11,400
Selling, General & Admin	13,127	10,766	10,298	9,824	9,230
Amortization of Goodwill & Intangibles	390	-	-	-	-
Operating Expenses	14,055	11,271	10,813	10,387	9,803
Operating Income	3,332	2,867	2,452	2,100	1,597
Interest Expense	-25	-17	-12	-13	-10
Interest & Investment Income	134	129	117	94	95
Earnings From Equity Investments	42	28	52	73	65
Currency Exchange Gain (Loss)	57	-37	-	11	-34
Other Non Operating Income (Expenses)	84	33	117	77	120
EBT Excluding Unusual Items	3,624	3,003	2,726	2,342	1,833
Gain (Loss) on Sale of Investments	1,405	1,010	476	164	378
Gain (Loss) on Sale of Assets	14	-1	21	123	-
Asset Writedown	-860	-77	-33	-15	-46
Other Unusual Items	71	-56	1	2	-44
Pretax Income	4,254	3,879	3,191	2,616	2,121
Income Tax Expense	1,338	1,307	974	942	714
Net Income	2,916	2,572	2,217	1,674	1,407
Net Income to Common	2,916	2,572	2,217	1,674	1,407
Net Income Growth	13.38%	16.01%	32.44%	18.98%	199.36%
Shares Outstanding (Basic)	26	26	27	27	27
Shares Outstanding (Diluted)	26	26	27	27	27
Shares Change (YoY)	-1.56%	-1.14%	-0.42%	-1.72%	-0.03%
EPS (Basic)	111.85	97.12	83.01	62.23	51.40
EPS (Diluted)	111.85	97.12	82.80	62.23	51.40
EPS Growth	15.17%	17.29%	33.06%	21.06%	199.44%
Free Cash Flow	2,139	4,100	3,908	333	1,860
Free Cash Flow Per Share	82.05	154.82	145.89	12.38	67.95
Dividend Per Share	-	63.000	55.000	32.000	26.000
Dividend Growth	-	14.54%	71.88%	23.08%	44.44%
Gross Margin	30.58%	29.13%	27.33%	25.76%	26.13%
Operating Margin	5.86%	5.91%	5.05%	4.33%	3.66%
Profit Margin	5.13%	5.30%	4.57%	3.45%	3.22%
Free Cash Flow Margin	3.76%	8.45%	8.05%	0.69%	4.26%
EBITDA	4,721	4,130	3,741	3,351	2,771
EBITDA Margin	8.30%	8.51%	7.71%	6.91%	6.35%
D&A For EBITDA	1,389	1,263	1,289	1,251	1,174
EBIT	3,332	2,867	2,452	2,100	1,597
EBIT Margin	5.86%	5.91%	5.05%	4.33%	3.66%
Effective Tax Rate	31.45%	33.69%	30.52%	36.01%	33.66%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.