MORY INDUSTRIES Reports Q3 Earnings Results for FY2023, Ending December 31 2022.

March 19, 2023

Categories: Earnings Report, SteelTags: , , Views: 10

Earnings Overview

MORY INDUSTRIES ($TSE:5464) reported their earnings results for FY2023 Q3, as of December 31, 2022, on February 7, 2023. Their total revenue was JPY 1.3 billion, showing an increase of 17.9% from the same period the year prior. Additionally, they experienced a 7.7% year-over-year growth in net income, totaling JPY 12.3 billion for the quarter.

Market Price

MORY INDUSTRIES reported their Q3 earnings results for FY2023, ending December 31 2022, on Tuesday. At the opening of the day, the MORY INDUSTRIES stock was approximately JP¥2882.0 and finished at JP¥2932.0, a 1.7% rise from its previous closing price of JP¥2882.0. This upswing indicates that the company is continuing to show positive financial results as it moves into its fourth fiscal year. MORY INDUSTRIES has seen consistent growth throughout FY2023, with an increase in revenue and profits for the third quarter, which is encouraging news for the company. The company has also implemented various cost-cutting measures which have enabled them to stay competitive in their market.

This is helping MORY INDUSTRIES to continue to increase their profitability and remain on a positive trajectory going forward. Investors have responded positively to the Q3 earnings report and the stock has seen a steady increase since the start of the fiscal year. The company’s efforts to reduce costs and focus on growth have paid off and MORY INDUSTRIES looks well-positioned to continue their success for the rest of FY2023. The future looks bright for MORY INDUSTRIES and investors will be keeping an eye on their progress as they move into their fourth fiscal year. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Mory Industries. More…

    Total Revenues Net Income Net Margin
    47.89k 4.92k 10.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Mory Industries. More…

    Operations Investing Financing
    2.62k -1.48k -1k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Mory Industries. More…

    Total Assets Total Liabilities Book Value Per Share
    64.79k 15.32k 6.36k
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Mory Industries are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    3.8% 18.4% 14.5%
    FCF Margin ROE ROA
    3.5% 8.9% 6.7%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale has done an extensive analysis of MORY INDUSTRIES‘s financial wellbeing. Our Star Chart has placed the company in a very strong position with a health score of 10/10. This indicates that MORY INDUSTRIES has sufficient cashflow and debt capabilities with which to pay off debts and fund future operations. The company is classified as a ‘Cheetah’. This type of company is characterized by higher revenue or earnings growth but less stability due to reduced profitability. As such, the company may be of interest to investors looking to capitalize on the potential growth opportunities offered by the company. MORY INDUSTRIES is particularly strong in assets and dividends, and medium in growth and profitability. This means that the company is well-equipped to handle current and future financial needs. As such, it may be an attractive investment for risk-tolerant investors looking for strong returns. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    It faces tough competition from its peers in the steel industry, namely Kanishk Steel Industries Ltd, YC Inox Co Ltd, and Moonbae Steel Co Ltd. Despite the presence of these formidable rivals, Mory Industries Inc has been able to remain competitive through its commitment to innovation and customer satisfaction.

    – Kanishk Steel Industries Ltd ($BSE:513456)

    Kanishk Steel Industries Ltd is a leading international steel producer with operations across India, China and the United States. The company produces high-quality steel products for the automotive, construction and energy industries. Its market capitalization of 695.83M as of 2023 reflects a strong market presence and investor confidence in the business. Additionally, its Return on Equity of 16.53% indicates strong profitability and efficient capital management, which has enabled the company to generate superior returns for its shareholders.

    – YC Inox Co Ltd ($TWSE:2034)

    Foshan Shunde Yinrong Stainless Steel Co Ltd, commonly referred to as YC Inox Co Ltd, is a Chinese-based stainless steel manufacturer. The company has a market capitalization of 13.45 billion as of 2023. This market capitalization reflects investor confidence in the company’s products and services and its ability to generate solid returns. With a Return on Equity (ROE) of 4.58%, YC Inox Co Ltd demonstrates its capacity to generate profits from its shareholders’ investments. YC Inox Co Ltd specializes in the production of cold rolled stainless steel coils, sheets, plates, and strips, as well as stainless steel pipes, bars, fasteners and other stainless steel products.

    – Moonbae Steel Co Ltd ($KOSE:008420)

    Moonbae Steel Co Ltd is a South Korean steel producer that has been operating since 1971, producing a range of products from wire rod and bars to steel plates and pipes. The company has achieved a market capitalization of 68.29B as of 2023, demonstrating its impressive size and market share. Their Return on Equity is 6.05%, indicating that the company is making a healthy return on the capital invested in the company. This suggests efficient management and effective use of resources.


    MORY INDUSTRIES reported strong financial performance in FY2023 Q3, with total revenue increasing 17.9% to JPY 1.3 billion and net income rising 7.7% to JPY 12.3 billion year over year. This positive outcome indicates that MORY INDUSTRIES is well-positioned for future growth and presents an attractive investment opportunity. Analysts believe the company’s focus on improving operational efficiency, combined with their innovative strategies, is the key factor driving their success. With a strong balance sheet and increasing profitability, MORY INDUSTRIES is set to be a lucrative investment for investors looking to capitalize on this uptrend.

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