Summary of Financial Results for Q1 FY2026 Ending November

Overview of Performance

In Q1 of FY2026 ending November, Morito Co., Ltd. achieved revenue and profit growth with net sales of ¥16,681 million (YoY +37.2%), operating income of ¥1,038 million (YoY +68.1%), ordinary income of ¥1,046 million (YoY +51.8%), and net income attributable to owners of parent of ¥660 million (YoY +9.8%). Gross profit margin also improved to 30.4% compared to the same period last year. Apparel-related operations benefited from consolidation effects and strong demand for sports shoe accessories in Vietnam, product-related business saw favorable ODM/OEM performance, and transportation-related operations performed well in Japan and Europe.

Outlook and Shareholder Returns

While taking into account the Middle East situation and U.S. economic environment, the full-year plan remains unchanged at this time, and progress is steady. Net sales are expected to reach ¥63,000 million, operating income ¥3,500 million, ordinary income ¥3,700 million, and net income attributable to owners of parent ¥3,000 million. Details on shareholder return policies are not disclosed in the materials but are anticipated based on stable earnings trends.