Japan's Morito posts net sales growth of 1.1% in 9M FY23

The company's operating profit for the nine months ending August 31, 2023, was 1,750 million yen, marking a 10.3 per cent increase. Last year, the operating profit for the same period stood at 1,586 million yen, with an impressive growth rate of 43.7 per cent, the company said in a press release.

The ordinary profit rose by 14 per cent to reach 1,993 million yen for the nine months ended August 31, 2023. In comparison, the ordinary profit for the same period in FY22 was 1,747 million yen, showing a growth rate of 38.7 per cent.

There was a notable increase in the profit attributable to the owners of the parent, which surged by 39.2 per cent to 1,729 million yen for the period ending August 31, 2023. In contrast, the profit for the same period last year was 1,242 million yen, with a significantly higher growth rate of 64.1 per cent.

The basic earnings per share for the nine months ended August 31, 2023, were 64.70 yen, and the diluted earnings per share stood at 64.55 yen. This compares to a basic earnings per share of 46.08 yen for the same period in FY22.

ALCHEMPro News Desk (DP)