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Morito Co., Ltd.
(9837)
Morito Co., Ltd. (9837) vs. iShares MSCI Japan ETF (EWJ)
Morito Co., Ltd. Business Overview & Revenue Model
Morito Co., Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.51B | 56.87B | 48.54B | 48.53B | 48.48B | 43.64B |
| Gross Profit | 16.19B | 16.86B | 14.14B | 13.27B | 12.49B | 11.40B |
| EBITDA | 3.93B | 5.67B | 5.16B | 4.50B | 3.88B | 3.31B |
| Net Income | 3.67B | 2.92B | 2.57B | 2.22B | 1.67B | 1.41B |
Balance Sheet | ||||||
| Total Assets | 55.88B | 55.50B | 52.48B | 51.43B | 50.27B | 45.94B |
| Cash, Cash Equivalents and Short-Term Investments | 10.13B | 9.40B | 15.46B | 13.01B | 10.40B | 11.10B |
| Total Debt | 3.03B | 2.69B | 1.19B | 1.47B | 1.75B | 2.15B |
| Total Liabilities | 15.54B | 15.67B | 13.20B | 12.97B | 13.59B | 12.02B |
| Stockholders Equity | 40.34B | 39.83B | 39.28B | 38.46B | 36.68B | 33.91B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.14B | 4.06B | 3.86B | 239.65M | 1.79B |
| Operating Cash Flow | 0.00 | 2.99B | 4.62B | 4.40B | 850.63M | 2.64B |
| Investing Cash Flow | 0.00 | -5.02B | 638.66M | 77.81M | -135.11M | -401.71M |
| Financing Cash Flow | 0.00 | -4.14B | -2.68B | -1.98B | -1.92B | -1.38B |
Morito Co., Ltd. Technical Analysis
Morito Co., Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥42.39B | 16.10 | ― | 4.16% | 10.09% | 54.33% | |
74 Outperform | ¥70.10B | 19.07 | ― | 2.73% | 10.48% | -34.38% | |
72 Outperform | ¥41.38B | 12.03 | ― | 3.62% | -0.98% | -29.86% | |
70 Outperform | ¥33.14B | 70.94 | ― | 5.84% | -2.38% | -77.89% | |
67 Neutral | ¥39.53B | 24.26 | ― | 4.71% | 48.00% | 16.54% | |
66 Neutral | ¥34.27B | 16.70 | ― | 4.07% | -9.86% | -14.02% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
Morito Co., Ltd. Corporate Events
Morito Co., Ltd. plans to amend its Articles of Incorporation to introduce new provisions that allow the Board of Directors to decide on the distribution of surplus and related matters under Article 459, Paragraph 1 of the Companies Act, while formally defining record dates for year-end and interim dividends. The company will delete overlapping existing articles on year-end and interim dividends, but emphasizes that shareholder resolutions on surplus distribution are not abolished, aiming instead to enhance flexibility in capital and dividend policies; these changes are scheduled to be submitted for approval at the 88th Annual General Meeting on February 26, 2026, and, if approved, will take effect the same day.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1857.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.
Morito Co., Ltd. has proposed a year-end dividend of ¥37 per share for the fiscal year ended November 30, 2025, up from ¥34 in the previous period, for a total payout of ¥965 million sourced from retained earnings, subject to approval at its February 26, 2026 shareholders’ meeting. The board has also approved the reversal of ¥20.335 billion from its separate reserve into retained earnings brought forward to enhance flexibility in capital policy and future shareholder returns, with no change to total net assets or impact on earnings since the move is an internal reclassification within equity.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1857.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.
Morito Co., Ltd. has completed a share repurchase program authorized by its board in January 2025, buying back 45,800 common shares on the Tokyo Stock Exchange between January 1 and January 14, 2026, at a total cost of ¥79.96 million. Under the full program period from January 15, 2025, to January 14, 2026, the company cumulatively repurchased 800,000 shares for approximately ¥1.28 billion, increasing its treasury holdings to 887,209 shares and reducing the number of shares outstanding to 25,912,791, a move that is likely aimed at enhancing shareholder value through improved capital efficiency and potentially supporting earnings per share.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1857.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.
Morito Co., Ltd. announced that its Board of Directors has reanalyzed and updated its measures to pursue management practices more conscious of cost of capital and stock price, building on a framework first disclosed in June 2025. The company reported steady improvements in key indicators, with consolidated net sales rising from ¥48.5 billion in FY2022 to ¥56.9 billion in FY2025 and forecast to reach ¥63.0 billion in FY2026, operating profit and net income also trending upward, and price-to-book ratio climbing from 0.55 to 1.05 over the same period, although return on equity remains below investor expectations. Morito emphasized that it will continue to prioritize enhancing corporate value through both business performance growth and capital policies as it seeks further gains in ROE and sustained support from capital markets.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1857.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.
Morito Co., Ltd. has resolved at its board meeting on January 14, 2026 to repurchase up to 600,000 shares of its common stock, representing about 2.3% of its outstanding shares (excluding treasury shares), for a maximum total of ¥1.2 billion during the period from January 15, 2026 to January 14, 2027. The company frames the buyback as a tool to flexibly execute capital policies in response to changes in the business environment and as part of its shareholder return measures, signaling a focus on capital efficiency and potentially enhancing shareholder value while modestly increasing its existing treasury share holdings.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1857.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.
Morito Co., Ltd. has booked an extraordinary loss of approximately ¥825 million for the fiscal year ended November 30, 2025, after recognizing an impairment loss on goodwill related to its U.S. subsidiary MORITO Scovill Americas, LLC, amid growing uncertainty in U.S. domestic consumption driven by reciprocal tariffs and rising raw material costs. Management is responding by reassessing the recoverability of assets, reshaping its global production and sales structure, and strengthening the resilience of its manufacturing setup to better withstand shifts in U.S. tariff policy and broader changes in the apparel and automotive industries, with the impairment already reflected in the latest consolidated financial results.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1857.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.
Morito reported that while its transportation business stagnated due to a challenging external environment, its apparel and other existing businesses—excluding newly consolidated subsidiaries—delivered steady growth, underscoring the resilience of its core operations. The company highlighted that the consolidations of Ms.ID and MITSUBOSHI CORPORATION drove net sales, operating profit, and ordinary profit to record levels, with gross profit surpassing 30%, and that structural reforms enabled it to achieve its 3,000 million yen operating profit target under its 8th Mid-term Management Plan ahead of schedule; despite anticipating margin pressure from higher personnel costs and the integration of MITSUBOSHI, Morito expects net sales and operating profit to reach new highs in FY2026 and is preparing a new mid-term plan to guide its next growth phase.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1857.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.
Morito reported robust results for the fiscal year ended November 30, 2025, with net sales rising 17.2% year on year to ¥56.9 billion and profit attributable to owners of parent increasing 13.4% to ¥2.9 billion, supported by higher operating and ordinary profit margins and an equity ratio above 70%. Despite a decline in cash and cash equivalents driven by significant investing and financing outflows, the company raised its annual dividend to ¥70 per share and plans a further increase to ¥72 in the next fiscal year, while forecasting continued top-line and profit growth in FY2026 on the back of expected sales of ¥63.0 billion and profit attributable to owners of parent of ¥3.0 billion, aided by the consolidation of three newly added group companies and ongoing capital policy including reduced shares outstanding and sustained shareholder returns.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1857.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.
Morito Co., Ltd. has repurchased 144,200 shares of its common stock on the Tokyo Stock Exchange between December 1 and December 31, 2025, at a total cost of ¥239,067,100, as part of a previously approved share buyback program under Japan’s Companies Act. This transaction brings the cumulative total of shares repurchased under the January 14, 2025 board resolution to 754,200 shares at a cost of ¥1,197,702,700, leaving capacity within the authorized limit of up to 1.2 million shares or ¥2 billion, and resulting in 841,409 treasury shares held as of December 31, 2025, a move that underscores the company’s ongoing capital management and potential focus on shareholder returns.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1798.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.
Morito Co., Ltd. has announced the repurchase of 95,500 shares of its common stock, amounting to a total acquisition cost of 157,142,300 yen, conducted through market purchases on the Tokyo Stock Exchange. This move is part of a broader strategy approved by the Board of Directors to acquire up to 1,200,000 shares, aiming to enhance shareholder value and optimize capital structure.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1798.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.
Morito Co., Ltd. has announced a revision to its year-end dividend forecast for the fiscal year ending November 30, 2025, increasing the dividend by 1 yen per share to 37 yen. This decision aligns with the company’s commitment to returning profits to shareholders and reflects a consolidated dividend on equity ratio of 4.6%, underscoring its focus on stable and continuous dividend payments.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1798.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.
Morito Co., Ltd. has announced a decision by its Board of Directors to cancel 3.2 million treasury shares, which constitutes 10.67% of the total shares issued before cancellation. This move is expected to streamline the company’s capital structure, potentially enhancing shareholder value and reflecting a strategic approach to managing its equity base.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1798.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.
Morito Co., Ltd. announced the repurchase of 161,900 shares of its common stock at a total cost of 258,474,300 yen during October 2025. This move is part of a broader strategy authorized by the Board of Directors to acquire up to 1,200,000 shares, reflecting a commitment to enhance shareholder value and optimize capital structure.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1798.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.