【Mori Industry】Q1 FY2027 Financial Results | Sales of ¥111.5 billion (+1.7%)

Performance Overview

Mori Industry recorded sales of ¥111.5 billion (+1.7% YoY) in the first quarter of FY2027, with operating income of ¥12.88 billion (+19.1%) and net income attributable to parent company shareholders of ¥9.52 billion (+10.6%), achieving revenue and profit growth. The Japanese and Indonesian segments performed steadily, with the Japanese segment benefiting from higher sales prices and cost control measures, resulting in improved profitability. Sales were primarily driven by increased sales of stainless steel pipes and steel pipes, with sales price hikes contributing to profit increases. Total assets increased by ¥9.2 billion to ¥735.8 billion from the previous fiscal year-end, and the equity ratio remained strong at 80.1%.

Outlook and Impact on Shareholders

The full-year earnings guidance remains unchanged, with sales forecasted at ¥2.26 trillion (+0.6%) and net income at ¥16.0 billion (+0.2%). Despite potential fluctuations due to raw material prices and exchange rates, stable profit growth is targeted supported by solid sales and price revisions. The dividend forecast remains at ¥16 (end of the second quarter), maintaining the same level as the previous year, continuing shareholder returns. The company plans to strengthen its business foundation and expand new businesses to meet investor expectations.