What is the business performance and financial condition of the company?
Movements in business performance
Business performance for fiscal year ended March 31, 2022
Net sales amounted to 128.8 billion yen, partly due to a change in presentation of -47.1 billion yen resulting from the application of the "Accounting Standard for Revenue Recognition" and other factors.
Operating income was 2.8 billion yen, despite cost reductions through efficiency improvements, due to deteriorating performance in North America.
Net income was 4.2 billion yen, mainly due to gains on sales of securities.

Financial base
We have built a solid financial base while taking into consideration the balance between equity and interest-bearing debt.


Shareholder returns
The Moriroku Group has positioned the return of profits to its shareholders as one of its priority management policies. Our basic policy in this regard is to continue distributing stable dividends while securing the internal reserves needed to accommodate our future business development and shifts in our operating environment.

