For the cumulative Q3 period, net sales were 1,928 million yen, down 17.3% YoY. Operating loss widened to 620 million yen, but on a quarterly basis the decline in loss was achieved due to revenue growth in the quarter and fixed-cost reductions. Resources are reallocated to mid- to long-term growth areas, and depreciation is reduced through impairment of software assets.Joint development for SDV with Astemo and indoor autonomous inspection drone demonstrations with Tokyo Metropolitan Industrial Technology Institute strengthen the long-term growth trajectory.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3653","jir_company_name":"Morpho, Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-09-11","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/09\/3653-20260911-02.pdf","jir_short_summary":"For the cumulative Q3 period, net sales were 1,928 million yen, down 17.3% YoY. Operating loss widened to 620 million yen, but on a quarterly basis the decline in loss was achieved due to revenue growth in the quarter and fixed-cost reductions. Resources are reallocated to mid- to long-term growth areas, and depreciation is reduced through impairment of software assets.Joint development for SDV with Astemo and indoor autonomous inspection drone demonstrations with Tokyo Metropolitan Industrial Technology Institute strengthen the long-term growth trajectory.","jir_summary":"### Overview of results\nThe executive summary outlines a continued shift toward a stock-based model under Vision 2027 and a restructured business portfolio. In the cumulative third quarter, sales declined, but royalties from wearable devices expanded, placing results above the second quarter. Efforts to curb fixed costs and strengthen asset health progressed. Depreciation burden was reduced through removal and impairment of software assets, and a special loss of 970 million yen related to investment securities was recorded.\n\n### Initiatives for mid- to long-term growth\nResources are reallocated to strategic areas such as automotive AI, smart devices\/wearables, and DX. Joint development of camera technology for SDV with Astemo commenced, jointly advancing AI and image processing capabilities. Adoption of demonstration studies with Tokyo Metropolitan Institute of Technology enables a SaaS\/licensing model aimed at commercializing indoor autonomous inspection drone measurement services, pursuing future profitability.","jir_financial_highlights":"Net sales: 1,928 (YoY \u25b217.3%)\nOperating loss: 620 (Widened vs. prior year)\nOrdinary loss: 542 (Widened vs. prior year)\nNet income attributable to owners of parent: 905 (Door-to-door year-over-year deterioration)","jir_category":"","jir_hashtags":"#ShareBuyback, #AutomotiveAI, #SmartDevices, #DX, #Vision2027","jir_key_figures":"Net sales: 1,928 million yen (YoY \u25b217.3%)\nOperating loss: 620 million yen\nInvestment securities valuation loss: 97 million yen (special loss)","jir_meta_title":"\u3010Morpho, Ltd.\u3011Q3 Financial Results Supplement for the October 2026 Term | Sales, Losses, and Mid-to-Long-Term Strategy","jir_meta_description":"A summary of Morpho's Q3 financial results supplement for the October 2026 term. Net sales were 1,928 million yen (YoY \u25b217.3%), operating loss of 620 million yen, asset health improvements and resource reallocation to mid- to long-term areas, and joint development with Astemo highlighted as part of the long-term growth strategy.","jir_og_title":"Morpho\uff5cKey Points from Q3 Financial Results for the October 2026 Term","jir_og_description":"Morpho's Q3 results show a year-on-year drop in sales, but improvements due to expanded wearables royalties. Explains resource reallocation to mid- to long-term growth areas and progress in joint development.","jir_og_image_url":"\/assets\/og\/company-financial_summary.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-112879","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n