Income Statement MORESCO Corporation

Stocks

5018

JP3868850003

Oil & Gas Refining and Marketing

Market Closed - Japan Exchange 02:30:00 2026-10-08 EDT			5-day change	1st Jan Change
2,480.00 ^JPY	+1.85%		+5.58%	+61.88%

01-20	Steadright Critical Minerals Inc. Announces Application for Mining License and Environmental Permit At the Copper Valley' Historic Copper-Lead-Silver Project	CI
24-04-02	Tranche Update on MORESCO Corporation's Equity Buyback Plan announced on February 21, 2024.	CI

26860049753f3ce1ba23caffcc.-Tlibe7eGSNzbqJ2-zTU2vppNWWQtb6axjARdlJbhF4.tFURVZ_qcEolJuROlFGNkYI6VlOi5vqvqUQlGmo88A2TARUK3otwVUcUmg

Published financial data: MORESCO CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	27.3B	30.33B	31.89B	34.37B	34.87B
Total Revenues	27.3B	30.33B	31.89B	34.37B	34.87B
Cost of Goods Sold, Total	18.58B	22.2B	22.9B	24.41B	23.91B
Gross Profit	8.72B	8.13B	8.98B	9.96B	10.96B
Selling General & Admin Expenses, Total	6.66B	7.02B	7.33B	8.1B	8.14B
Provision for Bad Debts	-1M	1M	-3M	-2M	2M
Depreciation & Amortization - (IS)	637M	585M	501M	473M	449M
Other Operating Expenses, Total	7.29B	7.61B	7.83B	8.57B	8.59B
Operating Income	1.43B	523M	1.16B	1.39B	2.37B
Interest Expense, Total	-12M	-13M	-12M	-67M	-46M
Interest And Investment Income	37M	40M	47M	63M	69M
Net Interest Expenses	25M	27M	35M	-4M	23M
Income (Loss) On Equity Invest.	239M	148M	314M	221M	258M
Currency Exchange Gains (Loss)	247M	295M	251M	97M	-54M
Other Non Operating Income (Expenses)	71M	59M	74M	117M	111M
EBT, Excl. Unusual Items	2.02B	1.05B	1.83B	1.82B	2.7B
Gain (Loss) On Sale Of Investments	-	-	260M	-48M	-3M
Gain (Loss) On Sale Of Assets	828M	-5M	-7M	-1M	-1M
Asset Writedown	-	-	-31M	-188M	-29M
Other Unusual Items	-	-	-	-	-60M
EBT, Incl. Unusual Items	2.84B	1.05B	2.05B	1.58B	2.61B
Income Tax Expense	831M	320M	606M	411M	877M
Earnings From Continuing Operations	2.01B	727M	1.45B	1.17B	1.74B
Net Income to Company	2.01B	727M	1.45B	1.17B	1.74B
Minority Interest	-205M	-112M	-165M	-161M	-210M
Net Income - (IS)	1.81B	615M	1.28B	1.01B	1.52B
Net Income to Common Incl Extra Items	1.81B	615M	1.28B	1.01B	1.52B
Net Income to Common Excl. Extra Items	1.81B	615M	1.28B	1.01B	1.52B
Per Share Items
Net EPS - Basic	192.78	66.24	138.99	110.46	166.21
Basic EPS - Continuing Operations	192.78	66.24	138.99	110.46	166.21
Basic Weighted Average Shares Outstanding	9.38M	9.28M	9.23M	9.17M	9.18M
Net EPS - Diluted	192.78	66.24	138.99	110.46	166.21
Diluted EPS - Continuing Operations	192.78	66.24	138.99	110.46	166.21
Diluted Weighted Average Shares Outstanding	9.38M	9.28M	9.23M	9.17M	9.18M
Normalized Basic EPS	112.49	58.75	106.16	106.62	161.37
Normalized Diluted EPS	112.49	58.75	106.16	106.62	161.37
Dividend Per Share	40	40	40	45	55
Payout Ratio	23.45	60.49	28.76	40.87	27.08
Supplemental Items
EBITDA	2.64B	1.76B	2.35B	2.69B	3.59B
EBITA	1.43B	523M	1.16B	1.39B	2.37B
EBIT	1.43B	523M	1.16B	1.39B	2.37B
Effective Tax Rate - (Ratio)	29.22	30.56	29.5	25.93	33.58
Normalized Net Income	1.06B	546M	980M	978M	1.48B
Non-Cash Pension Expense	-48M	-68M	-79M	-123M	-109M
Supplemental Operating Expense Items
Selling and Marketing Expenses	868M	949M	905M	945M	943M
Research And Development Expense From Footnotes	1.36B	1.25B	1.32B	1.6B	1.54B

Fiscal Period: February	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	4B	4.26B	5.64B	5.51B	6.91B
Total Cash And Short Term Investments	4B	4.26B	5.64B	5.51B	6.91B
Accounts Receivable, Total	6.82B	7.57B	7.92B	8.12B	8.65B
Total Receivables	6.82B	7.57B	7.92B	8.12B	8.65B
Inventory	5.33B	6.31B	6.69B	7.13B	6.89B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	461M	675M	749M	511M	671M
Total Current Assets	16.61B	18.81B	20.99B	21.26B	23.13B
Net Property Plant And Equipment	8.3B	8.61B	10.14B	10.41B	9.93B
Long-term Investments	3.44B	3.93B	4.48B	5.02B	6.12B
Goodwill	219M	92M	543M	543M	488M
Other Intangibles, Total	414M	497M	685M	829M	795M
Deferred Tax Assets Long-Term	29M	75M	218M	229M	223M
Deferred Charges Long-Term	-	6M	-	-	-
Other Long-Term Assets, Total	-1M	0	1M	-	1M
Total Assets	29.01B	32.02B	37.05B	38.3B	40.68B
Liabilities
Accounts Payable, Total	4.31B	5.14B	4.91B	5B	5.08B
Accrued Expenses, Total	529M	464M	500M	537M	547M
Short-term Borrowings	560M	2.38B	3.04B	3.18B	3.45B
Current Portion of Leases	36M	-	-	-	-
Current Income Taxes Payable	427M	183M	268M	233M	379M
Other Current Liabilities	1.4B	1.43B	1.14B	1.42B	1.75B
Total Current Liabilities	7.26B	9.6B	9.86B	10.36B	11.21B
Long-Term Debt	350M	472M	3.06B	1.94B	1.11B
Long-Term Leases	22M	-	-	-	-
Pension & Other Post Retirement Benefits	531M	498M	543M	548M	524M
Other Non Current Liabilities	294M	209M	463M	437M	954M
Total Liabilities	8.46B	10.78B	13.93B	13.29B	13.8B
Common Stock, Total	2.12B	2.12B	2.12B	2.12B	2.12B
Additional Paid In Capital	1.98B	1.98B	1.97B	1.97B	1.98B
Retained Earnings	13.52B	13.76B	14.67B	15.27B	16.38B
Treasury Stock	-384M	-567M	-561M	-649M	-641M
Comprehensive Income and Other	735M	1.25B	1.92B	2.97B	3.64B
Total Common Equity	17.96B	18.53B	20.13B	21.69B	23.48B
Minority Interest	2.59B	2.71B	3B	3.32B	3.41B
Total Equity	20.55B	21.24B	23.12B	25.01B	26.88B
Total Liabilities And Equity	29.01B	32.02B	37.05B	38.3B	40.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	9.38M	9.23M	9.16M	9.17M	9.18M
ECS Total Common Shares Outstanding	9.38M	9.23M	9.23M	9.17M	9.18M
Book Value / Share	1.91K	2.01K	2.18K	2.36K	2.56K
Tangible Book Value	17.33B	17.94B	18.9B	20.31B	22.2B
Tangible Book Value Per Share	1.85K	1.94K	2.05K	2.22K	2.42K
Total Debt	968M	2.85B	6.1B	5.12B	4.56B
Net Debt	-3.03B	-1.4B	469M	-391M	-2.35B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-445M	-662M	-1.16B	-1.3B	-1.93B
Minority Interest, Total (Incl. Fin. Div)	2.59B	2.71B	3B	3.32B	3.41B
Inventories - Raw Materials, Total	2.39B	3.03B	2.99B	3.08B	3.12B
Inventories - Finished Goods, Total	2.94B	3.28B	3.69B	4.04B	3.77B
Full Time Employees	787	784	821	795	797
Accumulated Allowance for Doubtful Accounts (Supple)	25M	22M	25M	16M	10M

Fiscal Period: February	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	2.84B	1.05B	2.06B	1.58B	2.61B
Depreciation & Amortization - CF	1.21B	1.24B	1.19B	1.3B	1.22B
Depreciation & Amortization, Total	1.21B	1.24B	1.19B	1.3B	1.22B
(Gain) Loss From Sale Of Asset	-842M	-10M	22M	179M	18M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	48M	3M
(Income) Loss On Equity Investments - (CF)	-239M	-148M	-314M	-221M	-258M
Other Operating Activities, Total	-129M	-754M	-639M	-351M	-368M
Change In Accounts Receivable	75M	-570M	623M	165M	-478M
Change In Inventories	-900M	-798M	44M	-142M	207M
Change In Accounts Payable	191M	727M	-430M	-87M	70M
Change in Other Net Operating Assets	123M	-214M	385M	280M	-47M
Cash from Operations	2.33B	515M	2.93B	2.75B	2.98B
Capital Expenditure	-934M	-1.28B	-2.45B	-969M	-687M
Sale of Property, Plant, and Equipment	1.51B	10M	41M	9M	12M
Cash Acquisitions	-	-	-232M	-	-
Sale (Purchase) of Intangible assets	-31M	-60M	-265M	-175M	-38M
Investment in Marketable and Equity Securities, Total	98M	178M	-5M	1M	-6M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-41M	-17M	-1.34B	-80M	-10M
Cash from Investing	603M	-1.17B	-4.25B	-1.21B	-729M
Short Term Debt Issued, Total	-	1.88B	271M	-	629M
Long-Term Debt Issued, Total	-	500M	3.54B	-	-
Total Debt Issued	-	2.38B	3.81B	-	629M
Short Term Debt Repaid, Total	-1.96B	-	-	-154M	-
Long-Term Debt Repaid, Total	-469M	-443M	-575M	-899M	-1.16B
Total Debt Repaid	-2.42B	-443M	-575M	-1.05B	-1.16B
Repurchase of Common Stock	-	-194M	-	-100M	-
Common Dividends Paid	-424M	-372M	-369M	-414M	-413M
Common & Preferred Stock Dividends Paid	-424M	-372M	-369M	-414M	-413M
Other Financing Activities, Total	-89M	-148M	-44M	-110M	-84M
Cash from Financing	-2.94B	1.23B	2.82B	-1.68B	-1.03B
Foreign Exchange Rate Adjustments	-20M	-38M	-123M	82M	181M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1M
Net Change in Cash	-21M	532M	1.38B	-58M	1.41B
Supplemental Items
Cash Interest Paid	12M	13M	-3M	64M	48M
Cash Income Tax Paid (Refund)	333M	837M	733M	502M	509M
Levered Free Cash Flow	837M	-1.18B	-2.01B	944M	2.06B
Unlevered Free Cash Flow	844M	-1.17B	-2B	986M	2.09B
Change In Net Working Capital	297M	1.39B	1.2B	34M	-113M
Net Debt Issued / Repaid	-2.42B	1.94B	3.23B	-1.05B	-530M

Fiscal Period: February	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	3.16	1.07	2.1	2.31	3.75
Return on Total Capital	4.16	1.43	2.71	2.93	4.81
Return On Equity %	10.4	3.48	6.53	4.88	6.69
Return on Common Equity	10.68	3.37	6.64	4.85	6.75
Margin Analysis
Gross Profit Margin %	31.96	26.8	28.18	28.98	31.42
SG&A Margin	24.38	23.14	22.98	23.56	23.34
EBITDA Margin %	9.68	5.8	7.36	7.81	10.3
EBITA Margin %	5.25	1.72	3.63	4.05	6.79
EBIT Margin %	5.25	1.72	3.63	4.05	6.79
Income From Continuing Operations Margin %	7.37	2.4	4.54	3.42	4.98
Net Income Margin %	6.62	2.03	4.02	2.95	4.37
Net Avail. For Common Margin %	6.62	2.03	4.02	2.95	4.37
Normalized Net Income Margin	3.86	1.8	3.07	2.84	4.25
Levered Free Cash Flow Margin	3.06	-3.9	-6.3	2.75	5.91
Unlevered Free Cash Flow Margin	3.09	-3.87	-6.28	2.87	5.99
Asset Turnover
Asset Turnover	0.96	0.99	0.92	0.91	0.88
Fixed Assets Turnover	3.25	3.59	3.4	3.34	3.43
Receivables Turnover (Average Receivables)	4.06	4.22	4.12	4.29	4.16
Inventory Turnover (Average Inventory)	3.88	3.82	3.53	3.53	3.41
Short Term Liquidity
Current Ratio	2.29	1.96	2.13	2.05	2.06
Quick Ratio	1.49	1.23	1.37	1.31	1.39
Operating Cash Flow to Current Liabilities	0.32	0.05	0.3	0.27	0.27
Days Sales Outstanding (Average Receivables)	89.81	86.59	88.9	85.12	87.75
Days Outstanding Inventory (Average Inventory)	94.01	95.61	103.82	103.25	106.98
Average Days Payable Outstanding	76.89	74.4	79.01	72.76	77.69
Cash Conversion Cycle (Average Days)	106.93	107.79	113.71	115.62	117.04
Long Term Solvency
Total Debt/Equity	4.71	13.43	26.4	20.46	16.96
Total Debt / Total Capital	4.5	11.84	20.89	16.98	14.5
LT Debt/Equity	1.81	2.22	13.26	7.76	4.12
Long-Term Debt / Total Capital	1.73	1.96	10.49	6.44	3.52
Total Liabilities / Total Assets	29.15	33.66	37.6	34.69	33.92
EBIT / Interest Expense	119.5	40.23	96.5	20.76	51.46
EBITDA / Interest Expense	220.33	135.31	195.5	40.09	78.04
(EBITDA - Capex) / Interest Expense	142.5	36.62	-8.83	25.63	63.11
Total Debt / EBITDA	0.37	1.62	2.6	1.91	1.27
Net Debt / EBITDA	-1.15	-0.8	0.2	-0.15	-0.66
Total Debt / (EBITDA - Capex)	0.57	5.99	-57.59	2.98	1.57
Net Debt / (EBITDA - Capex)	-1.77	-2.95	-4.42	-0.23	-0.81
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.52	11.11	5.12	7.8	1.45
Gross Profit, 1 Yr. Growth %	11.3	-6.83	10.52	10.86	10.01
EBITDA, 1 Yr. Growth %	21.79	-33.47	33.37	14.49	33.66
EBITA, 1 Yr. Growth %	70.11	-63.53	121.41	20.12	70.17
EBIT, 1 Yr. Growth %	70.11	-63.53	121.41	20.12	70.17
Earnings From Cont. Operations, 1 Yr. Growth %	200	-63.88	99.17	-18.92	47.79
Net Income, 1 Yr. Growth %	249.03	-65.98	108.62	-21.04	50.54
Normalized Net Income, 1 Yr. Growth %	114.98	-48.29	79.65	-0.23	51.43
Diluted EPS Before Extra, 1 Yr. Growth %	256.3	-65.64	109.82	-20.52	50.47
Accounts Receivable, 1 Yr. Growth %	3.07	11.06	4.54	2.5	6.62
Inventory, 1 Yr. Growth %	25.55	18.4	6.04	6.56	-3.28
Net Property, Plant and Equip., 1 Yr. Growth %	-2.51	3.68	17.77	2.7	-4.63
Total Assets, 1 Yr. Growth %	4.7	10.37	15.73	3.36	6.23
Tangible Book Value, 1 Yr. Growth %	14.71	3.55	5.32	7.49	9.26
Common Equity, 1 Yr. Growth %	12.98	3.18	8.6	7.75	8.26
Cash From Operations, 1 Yr. Growth %	11.73	-77.93	469.71	-6.24	8.4
Capital Expenditures, 1 Yr. Growth %	100.86	37.37	91.11	-60.48	-29.1
Levered Free Cash Flow, 1 Yr. Growth %	-55.4	-241.29	69.99	-147	118.28
Unlevered Free Cash Flow, 1 Yr. Growth %	-55.21	-239.07	70.53	-149.26	111.92
Dividend Per Share, 1 Yr. Growth %	0	0	0	12.5	22.22
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.44	11.32	8.07	6.45	4.58
Gross Profit, 2 Yr. CAGR %	-0.05	1.83	1.47	10.69	10.44
EBITDA, 2 Yr. CAGR %	0.34	-9.99	-5.8	23.57	23.7
EBITA, 2 Yr. CAGR %	5.93	-21.23	-10.14	63.08	42.97
EBIT, 2 Yr. CAGR %	5.93	-21.23	-10.14	63.08	42.97
Earnings From Cont. Operations, 2 Yr. CAGR %	40	4.09	-15.19	27.08	9.46
Net Income, 2 Yr. CAGR %	52.64	8.96	-15.76	28.34	9.02
Normalized Net Income, 2 Yr. CAGR %	20.35	5.43	-3.62	33.88	22.92
Diluted EPS Before Extra, 2 Yr. CAGR %	54.4	10.65	-15.09	29.14	9.36
Accounts Receivable, 2 Yr. CAGR %	0.91	6.99	7.75	3.52	4.54
Inventory, 2 Yr. CAGR %	5.57	21.92	12.05	6.3	1.52
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.13	0.54	10.5	9.98	-1.03
Total Assets, 2 Yr. CAGR %	1.55	7.5	13.02	9.37	4.78
Tangible Book Value, 2 Yr. CAGR %	7.89	8.99	4.43	6.4	8.37
Common Equity, 2 Yr. CAGR %	6.18	7.97	5.85	8.17	8.01
Cash From Operations, 2 Yr. CAGR %	14.78	-50.34	12.14	131.12	0.81
Capital Expenditures, 2 Yr. CAGR %	-23.07	66.11	62.03	-13.09	-47.07
Levered Free Cash Flow, 2 Yr. CAGR %	26.5	-20.62	54.98	-10.62	1.28
Unlevered Free Cash Flow, 2 Yr. CAGR %	28.38	-21.07	54	-8.34	2.18
Dividend Per Share, 2 Yr. CAGR %	-10.56	0	0	6.07	17.26
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.77	3.87	9.21	7.98	4.76
Gross Profit, 3 Yr. CAGR %	-2.17	-2.36	4.65	4.51	10.46
EBITDA, 3 Yr. CAGR %	-6.17	-12.5	2.62	0.53	26.85
EBITA, 3 Yr. CAGR %	-9.74	-25.76	11.16	-1.01	65.41
EBIT, 3 Yr. CAGR %	-9.74	-25.76	11.16	-1.01	65.41
Earnings From Cont. Operations, 3 Yr. CAGR %	5.75	-10.88	29.23	-16.45	33.64
Net Income, 3 Yr. CAGR %	7.93	-7.46	35.3	-17.56	35.35
Normalized Net Income, 3 Yr. CAGR %	-2.79	-9.19	25.93	-2.5	39.49
Diluted EPS Before Extra, 3 Yr. CAGR %	8.99	-6.43	36.95	-16.94	35.89
Accounts Receivable, 3 Yr. CAGR %	-0.11	4.18	6.17	5.97	4.54
Inventory, 3 Yr. CAGR %	4.51	9.68	16.38	10.19	3.01
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.47	-1.59	5.98	7.84	4.88
Total Assets, 3 Yr. CAGR %	0.67	4.41	10.17	9.7	8.31
Tangible Book Value, 3 Yr. CAGR %	6.29	6.43	7.75	5.44	7.34
Common Equity, 3 Yr. CAGR %	4.58	5.17	8.18	6.48	8.2
Cash From Operations, 3 Yr. CAGR %	-3.54	-33.75	12.01	5.65	79.57
Capital Expenditures, 3 Yr. CAGR %	-20.37	-6.67	74.06	1.23	-18.8
Levered Free Cash Flow, 3 Yr. CAGR %	-4.79	31.25	2.32	4.12	20.36
Unlevered Free Cash Flow, 3 Yr. CAGR %	-4.87	31.85	2.03	5.32	21.2
Dividend Per Share, 3 Yr. CAGR %	-3.85	-7.17	0	4	11.2
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.46	1.67	2.05	4.9	7.33
Gross Profit, 5 Yr. CAGR %	-1.13	-3.1	-0.73	2.66	6.93
EBITDA, 5 Yr. CAGR %	-5.17	-12.86	-6.03	0.45	10.58
EBITA, 5 Yr. CAGR %	-9.59	-25.82	-9.9	1.71	22.93
EBIT, 5 Yr. CAGR %	-9.59	-25.82	-9.9	1.71	22.93
Earnings From Cont. Operations, 5 Yr. CAGR %	1.01	-17.79	-3.18	2.71	20.92
Net Income, 5 Yr. CAGR %	2.47	-17.64	-2.26	5.48	24.1
Normalized Net Income, 5 Yr. CAGR %	-4.8	-16.19	-3.12	6.07	24.71
Diluted EPS Before Extra, 5 Yr. CAGR %	3.1	-16.96	-1.37	6.44	25.16
Accounts Receivable, 5 Yr. CAGR %	0.21	1.63	2.96	3.92	5.51
Inventory, 5 Yr. CAGR %	6.5	8.57	7.46	8.32	10.19
Net Property, Plant and Equip., 5 Yr. CAGR %	1.1	1.41	1.9	2.88	3.12
Total Assets, 5 Yr. CAGR %	2.76	3.27	5.44	6.37	7.99
Tangible Book Value, 5 Yr. CAGR %	7.05	5.37	5.54	6.42	8
Common Equity, 5 Yr. CAGR %	5.33	3.87	5.09	6.36	8.11
Cash From Operations, 5 Yr. CAGR %	-3.87	-26.35	2.45	9.21	7.39
Capital Expenditures, 5 Yr. CAGR %	-3.82	11.25	5.8	-9.29	8.12
Levered Free Cash Flow, 5 Yr. CAGR %	-1.94	3.76	15.7	12.55	1.9
Unlevered Free Cash Flow, 5 Yr. CAGR %	-2.06	3.31	15.34	14	2.09
Dividend Per Share, 5 Yr. CAGR %	-2.33	-2.33	-2.33	-2.09	6.58