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Morito Co., Ltd.
(9837)
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Rating:72Outperform
Price Target:
¥2,004.00
▲(11.83% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid financial fundamentals (improving profitability and a very low-leverage balance sheet), partially offset by inconsistent cash-flow conversion in 2025. Valuation is supported by a ~4.05% dividend yield but tempered by a ~20.85 P/E, while technical signals are mixed with neutral momentum and price below the 100-day average.
Positive Factors
Balance sheet strength
Very low leverage provides durable financial flexibility: it reduces refinancing risk, supports continued dividend payouts and selective M&A or capex, and cushions earnings volatility. The strong equity base underpins capacity to absorb shocks and fund strategic investments over months.
Negative Factors
Cash-flow volatility
Weaker and inconsistent cash conversion—driven by higher working capital or timing effects—reduces financial optionality. Over 2–6 months this can constrain reinvestment, limit buffer for dividends or M&A, and increase sensitivity to supplier/customer cash terms during sector slowdowns.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage provides durable financial flexibility: it reduces refinancing risk, supports continued dividend payouts and selective M&A or capex, and cushions earnings volatility. The strong equity base underpins capacity to absorb shocks and fund strategic investments over months.
Read all positive factors
Morito Co., Ltd. (9837) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥42.39B
Dividend Yield4.01%
Average Volume (3M)91.46K
Price to Earnings (P/E)21.0
Beta (1Y)0.69
Revenue Growth26.76%
EPS Growth-35.81%
CountryJP
Employees1,708
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)86.46
Shares Outstanding26,800,000
10 Day Avg. Volume110,300
30 Day Avg. Volume91,456
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)1.09
Price to Sales (P/S)0.77
P/FCF Ratio20.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)125.55
Revenue Forecast (FY)¥65.40B
Morito Co., Ltd. Business Overview & Revenue Model
Company Description
Morito Co., Ltd. engages in the manufacture and sale of apparel-related materials and household goods and products in Japan, Asia, Europe, and the United States. It provides eyelets, snap fasteners, buckles, tape, and shoe uppers, casual wear, spo...
How the Company Makes Money
Morito primarily makes money by selling apparel and footwear-related materials and components to corporate customers (e.g., apparel makers, footwear makers, and brands) through a trading/distribution model. Revenue is generated from (1) product sa...
Morito Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.13B | 56.87B | 48.54B | 48.53B | 48.48B | 43.64B |
| Gross Profit | 19.55B | 16.46B | 13.63B | 12.74B | 11.94B | 10.87B |
| EBITDA | 4.44B | 5.67B | 5.16B | 4.50B | 3.88B | 3.31B |
| Net Income | 2.20B | 2.92B | 2.57B | 2.22B | 1.67B | 1.41B |
Balance Sheet | ||||||
| Total Assets | 57.26B | 55.76B | 52.77B | 51.75B | 50.57B | 46.23B |
| Cash, Cash Equivalents and Short-Term Investments | 10.63B | 9.40B | 15.46B | 13.01B | 10.40B | 11.10B |
| Total Debt | 3.60B | 2.93B | 1.37B | 1.69B | 3.07B | 2.29B |
| Total Liabilities | 16.68B | 15.93B | 13.50B | 13.30B | 13.89B | 12.32B |
| Stockholders Equity | 40.57B | 39.83B | 39.28B | 38.46B | 36.68B | 33.91B |
Cash Flow | ||||||
| Free Cash Flow | 2.14B | 2.14B | 4.10B | 3.91B | 333.63M | 1.86B |
| Operating Cash Flow | 2.99B | 2.99B | 4.62B | 4.40B | 850.63M | 2.64B |
| Investing Cash Flow | -5.02B | -5.02B | 638.66M | 77.81M | -135.11M | -401.71M |
| Financing Cash Flow | -4.14B | -4.14B | -2.68B | -1.98B | -1.92B | -1.38B |
Morito Co., Ltd. Technical Analysis
Positive
1792.00
Price Trends
1779.76
Positive
1822.11
Negative
1766.60
Positive
Market Momentum
6.57
Negative
56.04
Neutral
74.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9837, the sentiment is Positive. The current price of 1792 is below the 20-day moving average (MA) of 1803.50, above the 50-day MA of 1779.76, and above the 200-day MA of 1766.60, indicating a bullish trend. The MACD of 6.57 indicates Negative momentum. The RSI at 56.04 is Neutral, neither overbought nor oversold. The STOCH value of 74.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9837.
Morito Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥274.30B | 14.57 | ― | 1.46% | 10.33% | 23.55% | |
78 Outperform | ¥74.46B | 10.38 | ― | 2.73% | 8.20% | 69.92% | |
74 Outperform | ¥39.41B | 13.85 | ― | 3.62% | -2.63% | -23.78% | |
73 Outperform | ¥770.85B | 15.99 | 9.21% | 2.07% | 6.57% | 12.36% | |
72 Outperform | ¥42.39B | 20.96 | ― | 4.07% | 26.76% | -35.81% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | ¥26.18B | -550.76 | ― | 5.11% | -10.37% | 97.76% |
* Consumer Cyclical Sector Average
JP:9837
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Morito Co., Ltd. Corporate Events
Morito Launches Share Buyback Under Board-Approved Repurchase Program
Aug 5, 2026
Morito Co., Ltd. has repurchased 11,700 shares of its common stock on the Tokyo Stock Exchange between July 16 and July 31, 2026, at a total cost of 21,162,100 yen. This buyback forms part of a broader board-approved program authorizing the acquis...
Morito Launches ¥600 Million Share Buyback to Enhance Capital Policy
Jul 14, 2026
Morito Co., Ltd. will implement a share repurchase program authorized by its board of directors to support flexible capital policies amid a shifting business environment. The move is positioned as a direct measure to return profits to shareholders...
Morito Completes ¥1.12 Billion Share Buyback, Tightening Share Base
Jul 14, 2026
Morito Co., Ltd. has completed a share repurchase program authorized by its board in January 2026, acquiring a total of 600,000 shares of its common stock for approximately ¥1.12 billion through market purchases on the Tokyo Stock Exchange. T...
Morito Raises Dividend Benchmarks and Introduces Progressive Payout Policy
Jul 14, 2026
Morito Co., Ltd. has revised its basic dividend policy to strengthen capital efficiency and align shareholder returns with its 9th Mid-term Management Plan, aiming to sustainably enhance corporate value. Management is introducing a more transparen...
Morito Unveils Five-Year “ACTION 1000” Plan to Balance Scale and Profitability
Jul 14, 2026
Morito Co., Ltd. has introduced its 9th Mid-term Management Plan, branded “ACTION 1000,” covering the five fiscal years from November 2027 to November 2031, with a core policy of balancing scale and profitability. The initiative seeks ...
Morito Hits Record Profits but Keeps Guidance Cautious Amid Middle East Risks
Jul 14, 2026
Morito reported that its Transportation Business remained resilient in Japan even as North American operations were dampened by weak results at some Japanese automakers. The Apparel Business absorbed the consolidation of Ms.ID and Mitsuboshi Corpo...
Morito Posts Strong Sales Growth but Lower Profit; Lifts Interim Dividend
Jul 14, 2026
Morito reported strong top-line growth for the six months ended May 31, 2026, with net sales rising 28.1% year on year to ¥33.1 billion and operating profit up 31.2%. Ordinary profit increased 26.4%, though profit attributable to owners of pa...
Morito Advances Share Buyback, Lifts Treasury Stock Holdings
Jul 3, 2026
Morito Co., Ltd. has repurchased 120,700 shares of its common stock on the Tokyo Stock Exchange between June 1 and June 30, 2026, at a total cost of ¥212,143,400, under the framework of a board-approved buyback program. This action is part of...
Morito Accelerates Share Buybacks Under Ongoing Treasury Stock Program
Jun 3, 2026
Morito Co., Ltd. has continued its share repurchase program, buying back 72,200 shares of common stock on the Tokyo Stock Exchange between May 1 and May 31, 2026, at a total cost of ¥136.9 million. This move is part of a broader capital alloc...
Morito Advances Share Buyback, Tightening Capital Structure
May 8, 2026
Morito Co., Ltd. has executed a share repurchase program, buying back 117,100 shares of its common stock on the Tokyo Stock Exchange between April 1 and April 30, 2026, at a total cost of ¥227,387,000. The buyback is conducted under the autho...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.