For the cumulative third quarter, net sales were 1,928,994 thousand yen, down 17.3% year over year. Operating loss was 620,367 thousand yen, ordinary loss was 542,820 thousand yen, and net loss attributable to owners of the parent was 905,033 thousand yen. Full-year guidance unchanged; capital structure review for 44rd term conducted. 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Operating loss was 620,367 thousand yen, ordinary loss was 542,820 thousand yen, and net loss attributable to owners of the parent was 905,033 thousand yen. Full-year guidance unchanged; capital structure review for 44rd term conducted. Exclusion of a newly consolidated subsidiary and changes in asset structure were noted.","jir_summary":"### Overview of results\nFor the fiscal year ending October 2026, the third quarter results show net sales of 1,928,994 thousand yen (YoY \u25b317.3%), operating loss of 620,367 thousand yen, ordinary loss of 542,820 thousand yen, and net loss attributable to owners of the parent of 905,033 thousand yen. The main reason is a slowdown in license revenue in the smart device segment and increased costs. The full-year guidance remains unchanged from the previous release, anticipating contributions from high-margin projects in the fourth quarter and benefits from fixed-cost reductions. Preparation and disclosure of the earnings briefing materials are in place.\n\n### Outlook and drivers\nThe full-year earnings forecast remains unchanged at this time. It is based on the expectation that in the fourth quarter, revenue from license sales to major customers will contribute as high-margin revenue, and that restructuring of assets and costs will reduce fixed costs. Significant changes affecting the consolidated financial statements include the disappearance of Morpho AI Solutions from the consolidation and exclusion of Top Data Science Ltd. from the equity method as part of changes to the scope of consolidation.","jir_financial_highlights":"Net sales: 1,928,994\u5343\u5186 (YoY \u25b317.3%)\nOperating loss: 620,367\u5343\u5186 (no YoY comparison)\nOrdinary loss: 542,820\u5343\u5186 (no YoY comparison)\nNet income attributable to owners of the parent (quarter): 905,033\u5343\u5186 (no YoY comparison)","jir_category":"","jir_hashtags":"#MolfoIR, #KeyTakeawayFromEarnings, #Q3Earnings","jir_key_figures":"Net sales: 1,928,994\u5343\u5186 (YoY \u25b317.3%)\nOperating loss: 620,367\u5343\u5186\nOrdinary loss: 542,820\u5343\u5186\nNet income attributable to owners of the parent (quarter): 905,033\u5343\u5186","jir_meta_title":"Morpho, Ltd. Q3 FY2026 Earnings Summary | Revenue Down 17.3% YoY, Full-Year Guidance Unchanged","jir_meta_description":"Key points from Morpho's Q3 FY2026 results. Net sales were 1,928,994 thousand yen, operating loss 620,367 thousand yen, full-year guidance unchanged. Details on changes to the new consolidation scope and fixed-cost reduction effects.","jir_og_title":"Morpho Q3 Earnings: Revenue Declined YoY","jir_og_description":"Morpho's Q3 earnings show lower net sales; full-year guidance unchanged. Expect fixed-cost reductions and contribution from high-margin licenses moving forward.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":60155,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-112878","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n