January 14, 2026
To Shareholders with Voting Rights:
Company Name Name of
Representative
MORITO CO., LTD.
Takaki Ichitsubo, Representative Director, CEO (Securities Code: 9837, TSE Prime Market)
Head Office 4-2-4, Minami Honmachi, Chuo-ku, Osaka, Japan Inquiries Kiyomi Akui
Director, Senior Executive Officer, General Manager of Corporate Management Department, and Division Manager of Corporate Administrative Division
(TEL: 06-6252-3551)
Notice Regarding the Recognition of Extraordinary Loss Due to Impairment Loss on Goodwill
MORITO Co., Ltd. (the "Company") hereby announces that an extraordinary loss was recorded for the fiscal year ended November 30, 2025 (December 1, 2024, to November 30, 2025) due to an
impairment loss on goodwill, as detailed below.
Recognition of extraordinary loss due to impairment loss on goodwill
In the United States, where MORITO Scovill Americas, LLC, the Company's consolidated subsidiary, operates, uncertainty about domestic consumption is increasing due to the impact of reciprocal tariffs and rising raw material prices. In light of these circumstances, and after careful consideration of future recoverability, the Company reduced the book value of goodwill to a recoverable amount and recognized an impairment loss on goodwill totaling 825,020 thousand yen (approximately 825 million yen) as an extraordinary loss.
The trend toward local production for the local consumption is accelerating in the Apparel and Transportation (Automotive) business. We are advancing the review and optimization of our global sales and manufacturing footprint. In addition, in response to potential unforeseen developments such as changes in U.S. tariff policies, we are strengthening our ability to adapt to change and building a more resilient manufacturing structure.
Impact on consolidated financial results
The above extraordinary loss has been reflected in the Consolidated Financial Results for the Fiscal Year Ended November 30, 2025 [Japanese GAAP] announced today.