TSE:9837Luxury
Morito (TSE:9837) Margin Beat Reinforces Bull Case, But One-Off Gain Clouds Profit Picture
Morito (TSE:9837) delivered net profit margins of 6.9%, up from 5% last year, with earnings growth over the past year reaching 52.3%. This far outpaces its five-year average of 28.9% per year. Revenue is projected to grow at 7.88% annually, outstripping Japan's broader market forecast of 4.4% growth. However, earnings are expected to decline by 14.8% per year over the next three years due to a recent ¥1.6 billion one-off gain that boosted results. Shareholders now face a compelling mix of...