Morito Co., Ltd.
Financial Summary for November 2025 Term [Japanese GAAP] (Consolidated)
For the November 2025 term, consolidated net sales were JPY 56,867 million (17.2% YoY increase), operating income was JPY 3,333 million (16.2% YoY increase), and net income attributable to owners of parent was JPY 2,916 million (13.4% YoY increase). The number of issued shares at term-end was 26,800,000 shares, and treasury stock at term-end was 1,204,249 shares.
Key Figures
- Net Sales: JPY 56,867 million (17.2% YoY increase)
- Net Income Attributable to Owners of Parent: JPY 2,916 million (13.4% YoY increase)
- Number of Issued Shares at Term-End: 26,800,000 shares (decrease YoY)
AI要約
Overview of Operating Results
For the November 2025 term, consolidated net sales amounted to JPY 56,867 million (17.2% YoY increase), operating income was JPY 3,333 million (16.2% YoY increase), ordinary income reached JPY 3,624 million (20.7% YoY increase), and net income attributable to owners of parent was JPY 2,916 million (13.4% YoY increase). Despite challenging domestic and international business environments, the inclusion of Ms.ID Co., Ltd. and Mitsuboshi Corporation as new consolidated subsidiaries, along with strong performance in sports-related and game-related products, contributed positively. By segment, sales in Japan were JPY 41,310 million (25.1% YoY increase), Asia JPY 8,280 million (1.1% YoY decrease), and Americas/Europe JPY 7,275 million (1.7% YoY increase).
Financial Position and Cash Flow Status
Total assets increased to JPY 55,498 million (up JPY 30,222 million from previous fiscal year-end), and net assets grew to JPY 39,832 million (up JPY 5,556 million). The equity ratio declined to 71.8%. Cash flows from operating activities were positive JPY 2,994 million; investing activities had negative cash flow of JPY 5,015 million; and financing activities resulted in negative cash flow of JPY 4,142 million. Cash and cash equivalents totaled JPY 9,401 million.
Outlook and Dividend Policy
For the November 2026 term, consolidated earnings forecasts anticipate net sales of JPY 63,000 million (10.8% YoY increase), operating income of JPY 3,500 million (5.0% YoY increase), ordinary income of JPY 3,700 million (2.1% YoY increase), and net income attributable to owners of parent of JPY 3,000 million (2.9% YoY increase). Dividends are planned at JPY 72 per share annually (JPY 36 interim and JPY 36 year-end), targeting stable and continuous dividends based on a consolidated Dividend on Equity (DOE) of 4.0%.
Summary of M&A Activities
In December 2024, Ms.ID Co., Ltd. was acquired, and in April 2025, Mitsuboshi Corporation and one of its subsidiaries became consolidated subsidiaries. These acquisitions aim to expand the apparel-related BtoC business area and strengthen the e-commerce platform business, aiming to become a global niche-top company. The acquisition costs were JPY 4.3 billion and JPY 1.06 billion respectively, with a negative goodwill recognized as gain of JPY 1,105 million.
