Morito Co., Ltd. Reports Consolidated and Non- Consolidated Earnings Results for the Year Ended November 30, 2016; Provides Earnings Guidance for the Year Ending November 30, 2017
January 13, 2017
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Morito Co., Ltd. reported consolidated and non- consolidated earnings results for the year ended November 30, 2016. For the year, on consolidated basis, net sales were JPY 40,086 million against JPY 43,293 million a year ago. Operating income was JPY 1,767 million against JPY 1,721 million a year ago. Ordinary income was JPY 1,647 million against JPY 1,871 million a year ago. Net income was JPY 1,181 million against JPY 1,432 million a year ago. Net income per share was JPY 41.48 against JPY 49.48 a year ago. Return on equity was 3.9% against 4.7% a year ago. Cash flows from operating activities were JPY 1,391 million against JPY 2,034 million a year ago. Income before income taxes was JPY 1,181.59 million against JPY 1,432.40 million a year ago.
For the year, on non-consolidated basis, net sales were JPY 25,821 million against JPY 26,124 million a year ago. Operating income was JPY 702 million against JPY 672 million a year ago. Ordinary income was JPY 1,003 million against JPY 1,078 million a year ago. Net income was JPY 849 million against JPY 1,256 million a year ago. Net income per share was JPY 29.84 against JPY 43.41 a year ago.
For the year ending November 30, 2017, on consolidated basis, the company expects net sales of JPY 43,000 million, operating income of JPY 1,800 million, ordinary profit of JPY 1,700 million and net income of JPY 3,000 million or JPY 105.44 per share.
MORITO CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of materials for daily living. Through its subsidiaries and associated company, the Company is engaged in the manufacture and sale of clothing materials, and living materials for transportation equipment, video equipment, stationery, office automation (OA) equipment and others, the retail of living-related products through home centers, department stores and retail stores, as well as the rental, sale and cleaning of kitchen equipment. The Company is also engaged in the operation of rental factory, and sale of automotive interior accessories and apparel accessories.
Morito Co., Ltd. Reports Consolidated and Non- Consolidated Earnings Results for the Year Ended November 30, 2016; Provides Earnings Guidance for the Year Ending November 30, 2017