Morito Co., Ltd. (JP:9837)
:9837
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Morito Co., Ltd.
(9837)
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Rating:77Outperform
Price Target:
¥2,220.00
▲(31.36% Upside)
Action:DowngradedDate:01/27/26
The score is driven primarily by solid financial quality (improving profitability and very low leverage) and supportive technicals (price above key moving averages with positive MACD). Valuation also helps via a reasonable P/E and ~4% dividend yield, while the key risk factor is inconsistent cash-flow generation and weaker cash conversion in 2025 versus 2024.
Positive Factors
Low leverage and strong equity base
Very low leverage and a steadily growing equity base provide durable financial flexibility. With debt-to-equity near 0.07 and improving ROE, the company can fund operations, capex, and supplier relationships through cycles while retaining capacity to invest or return capital without high refinancing risk.
Negative Factors
Volatile cash generation
Inconsistent free cash flow and a notable pullback in operating cash flow point to higher working-capital needs or timing effects. This volatility constrains the firm's ability to consistently self-fund capex, inventory build or payout policies, raising medium-term financing or liquidity risk during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and strong equity base
Very low leverage and a steadily growing equity base provide durable financial flexibility. With debt-to-equity near 0.07 and improving ROE, the company can fund operations, capex, and supplier relationships through cycles while retaining capacity to invest or return capital without high refinancing risk.
Read all positive factors
Morito Co., Ltd. (9837) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥45.56B
Dividend Yield4.16%
Average Volume (3M)91.46K
Price to Earnings (P/E)14.9
Beta (1Y)0.77
Revenue Growth10.09%
EPS Growth54.33%
CountryJP
Employees1,509
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)N/A
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)N/A
Revenue Forecast (FY)N/A
Morito Co., Ltd. Business Overview & Revenue Model
Company Description
Morito Co., Ltd. plans, develops, and produces eyelets, hooks, flat fasteners, and other apparels worldwide. It also provides footwear accessories and articles, as well as materials for camera components and vehicle interiors. In addition, the com...
How the Company Makes Money
Morito makes money primarily by selling apparel and lifestyle-related components/materials to corporate customers (e.g., apparel brands, sewing/garment manufacturers, and other product makers). Its core revenue model is B2B product supply: it proc...
Morito Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
63
Positive
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 56.87B | 48.54B | 48.53B | 48.48B | 43.64B |
| Gross Profit | 16.46B | 13.63B | 12.74B | 11.94B | 10.87B |
| EBITDA | 4.72B | 4.13B | 3.74B | 3.35B | 2.77B |
| Net Income | 2.92B | 2.57B | 2.22B | 1.67B | 1.41B |
Balance Sheet | |||||
| Total Assets | 55.76B | 52.77B | 51.75B | 50.57B | 46.23B |
| Cash, Cash Equivalents and Short-Term Investments | 9.40B | 15.46B | 13.01B | 10.40B | 11.10B |
| Total Debt | 2.93B | 1.37B | 1.69B | 3.07B | 2.29B |
| Total Liabilities | 15.93B | 13.50B | 13.30B | 13.89B | 12.32B |
| Stockholders Equity | 39.83B | 39.28B | 38.46B | 36.68B | 33.91B |
Cash Flow | |||||
| Free Cash Flow | 2.14B | 4.10B | 3.91B | 333.63M | 1.86B |
| Operating Cash Flow | 2.99B | 4.62B | 4.40B | 850.63M | 2.64B |
| Investing Cash Flow | -5.02B | 638.66M | 77.81M | -135.11M | -401.71M |
| Financing Cash Flow | -4.14B | -2.68B | -1.98B | -1.92B | -1.38B |
Morito Co., Ltd. Technical Analysis
Positive
1690.00
Price Trends
1925.80
Positive
1800.28
Positive
1643.65
Positive
Market Momentum
-3.85
Negative
55.37
Neutral
89.08
Negative
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 1690 is below the 20-day moving average (MA) of 1906.40, below the 50-day MA of 1925.80, and above the 200-day MA of 1643.65, indicating a bullish trend. The MACD of -3.85 indicates Negative momentum. The RSI at 55.37 is Neutral, neither overbought nor oversold. The STOCH value of 89.08 is Negative, 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥45.56B | 14.93 | ― | 4.16% | 10.09% | 54.33% | |
73 Outperform | ¥747.39B | 16.45 | 8.48% | 2.02% | ― | ― | |
72 Outperform | ¥41.83B | -29.01 | ― | 3.62% | -0.98% | -29.86% | |
72 Outperform | ¥70.87B | 3.05 | ― | 2.73% | 10.48% | -34.38% | |
71 Outperform | ¥288.74B | 19.60 | ― | 1.46% | 12.02% | -15.70% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | ¥27.66B | 13.91 | ― | 4.99% | -7.21% | -5127.88% |
* Consumer Cyclical Sector Average
JP:9837
Morito Co., Ltd.
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Morito Co., Ltd. Corporate Events
Morito Advances Share Buyback Program With Additional Treasury Stock Repurchase
Apr 3, 2026
Morito Co., Ltd. has repurchased 117,100 shares of its common stock on the Tokyo Stock Exchange between March 1 and March 31, 2026, at a total cost of ¥227,437,100. The buyback is being executed under a board-approved program authorizing up t...
Morito Continues Share Buyback Under Ongoing Treasury Stock Program
Mar 4, 2026
Morito Co., Ltd. has repurchased 72,600 shares of its common stock on the Tokyo Stock Exchange during February 2026, at a total cost of 139,383,800 yen, under an authorization based on Japan’s Companies Act. This transaction is part of a bro...
Morito Begins Execution of Share Buyback Program on TSE Prime
Feb 4, 2026
Morito Co., Ltd. has repurchased 56,000 shares of its common stock on the Tokyo Stock Exchange between January 15 and January 31, 2026, at a total cost of ¥98.34 million, as part of a previously authorized share buyback program under Japan...
Morito to Revise Articles for More Flexible Dividend and Capital Policy
Jan 23, 2026
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 for...
Morito Plans Higher Dividend and Large Reserve Reversal to Boost Capital Flexibility
Jan 23, 2026
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 approv...
Morito Completes ¥1.28 Billion Treasury Share Repurchase Program
Jan 15, 2026
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 t...
Morito Updates Capital-Efficiency Measures Amid Rising Sales and PBR
Jan 14, 2026
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 repo...
Morito Launches Share Buyback of Up to ¥1.2 Billion
Jan 14, 2026
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 ...
Morito Books ¥825 Million Goodwill Impairment Amid U.S. Market Uncertainty
Jan 14, 2026
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 gr...
Morito Targets Record FY2026 Earnings After Profit Surge From Strategic Consolidations
Jan 14, 2026
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 r...
Morito Lifts Earnings, Boosts Dividend and Forecasts Further Growth for FY2026
Jan 14, 2026
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 opera...
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.