Moriroku Raises FY2027 Operating Profit Target Following Resonac Resin Parts Business Acquisition

Moriroku Co., Ltd. has revised the financial targets under its medium-term management plan ending in fiscal year 2027, increasing its operating profit target to JPY 7 billion from the previously announced JPY 5.5 billion. The company stated that the revision reflects the expected contribution from the acquisition of the automotive exterior resin parts manufacturing business previously owned by Resonac Holdings Corporation. The acquired operations include production activities related to automotive back doors, bumpers, and other exterior resin components across facilities in Japan and Thailand.

The acquisition became effective on April 1 and covers the automotive resin parts business that had been operated by Resonac Corporation, a subsidiary of Resonac HD. Moriroku completed the transaction at an acquisition value of JPY 17.2 billion. The company expects the additional manufacturing capabilities and expanded product portfolio to strengthen its position in the automotive components sector while supporting improved profitability targets during the remaining period of the management plan.

Moriroku FY2026 Financial Performance

Moriroku also reported its consolidated financial results for the fiscal year ended March 2026 under Japanese accounting standards. Net sales for the fiscal year reached JPY 133.8 billion, representing a decline of 8.4% compared with the previous fiscal year. Despite lower sales, the company achieved operating profit growth of 12.2%, with total operating profit reaching JPY 4.6 billion during the reporting period.

The company recorded net profit of JPY 2.4 billion, returning to profitability after posting a net loss in the prior fiscal year. Moriroku attributed the recovery primarily to the absence of the extraordinary losses that had impacted the previous year’s results. Those earlier losses were associated with the transfer of business operations in Mexico, which had negatively affected overall profitability during that period.

Moriroku FY2026 Financial Summary

The revised medium-term targets indicate Moriroku’s focus on strengthening its automotive exterior components business through strategic acquisitions and operational expansion. By integrating the newly acquired resin parts operations into its manufacturing network, the company aims to improve earnings stability and expand its competitiveness in exterior automotive component production across Asian markets.

Frequently Asked Questions

Why did Moriroku raise its FY2027 operating profit target?
Moriroku increased its FY2027 operating profit target from JPY 5.5 billion to JPY 7 billion following the acquisition of Resonac’s automotive exterior resin parts manufacturing business. The company expects the newly acquired operations in Japan and Thailand to strengthen production capabilities and improve profitability. The transaction includes automotive exterior products such as back doors and bumpers. Moriroku believes the integration of these assets will support long-term earnings growth and enhance its competitiveness within the automotive components industry across regional markets.

What were Moriroku’s key financial results for FY2026?
Moriroku reported consolidated net sales of JPY 133.8 billion for the fiscal year ended March 2026, reflecting an 8.4% decline compared with the previous year. However, operating profit increased by 12.2% to JPY 4.6 billion, while net profit reached JPY 2.4 billion. The company returned to profitability after recording a net loss in the previous fiscal year. Moriroku stated that the earlier loss had been impacted by extraordinary expenses related to the transfer of business operations in Mexico.