Morito Co (TSE:9837) Retained Earnings : 円28,343 Mil (As of Feb. 2024)

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What is Morito Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Morito Co's retained earnings for the quarter that ended in Feb. 2024 was 円28,343 Mil.

Morito Co's quarterly retained earnings increased from Aug. 2023 (円28,050 Mil) to Nov. 2023 (円28,538 Mil) but then declined from Nov. 2023 (円28,538 Mil) to Feb. 2024 (円28,343 Mil).

Morito Co's annual retained earnings increased from Nov. 2021 (円26,727 Mil) to Nov. 2022 (円27,539 Mil) and increased from Nov. 2022 (円27,539 Mil) to Nov. 2023 (円28,538 Mil).

Morito Co Retained Earnings Historical Data

The historical data trend for Morito Co's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Morito Co Retained Earnings Chart

Morito Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Retained Earnings

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26,072.69

25,703.38

26,726.52

27,539.05

28,538.16

Morito Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Retained Earnings	Get a 7-Day Free Trial															27,551.56	28,343.83	28,049.92	28,538.16	28,343.43

Morito Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Morito Co (TSE:9837) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Morito Co (TSE:9837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Morito Co Ltd (TSE:9837) » Definitions » Retained Earnings

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Address

4-2-4 Minami-Honmachi Chuo-ku, Osaka, JPN, 541-0054

Website

http://www.morito.co.jp

Morito Co., Ltd produces and sells eyelets, hooks, flat fasteners, and other apparel and footwear accessories and articles as well as materials for camera components and vehicle interiors.

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