Morito Co., Ltd.TSE: 9837

Presentation Material for the Three Months Ended November 30, 2026

· Issued by Morito Co., Ltd.

‌MORITO CO., LTD.

Presentation Materials forthe First Quarter of Fiscal Year Ending November 30, 2026, Financial Results

Prime Market of TSE: 9837

April 2026

© 2026 MORITO CO.,LTD.

‌CONTENTS

1 (Reference) Company Profile

2 FY2026.11 1Q Financial Results

3 FY2026.11 1Q Segment Information

4 (Reference) Operating Profit by Business Segment

5 Business Topics

6 Shareholder Returns

7 (Reference) 8th Mid-term Management Plan

Where innovation is the norm

© 2026 MORITO CO.,LTD. 1

‌(Reference) Company Profile

Where innovation is the norm

© 2026 MORITO CO.,LTD. 2

‌MORITO Group Values

Founding Principles

Active and Steadfast

Corporate Principle

DESIGN YOUR BRIGHT FUTURE WITH OUR VARIOUS PARTS.

Corporate Vision

Create MORITO’s existence value, Realize “New MORITO Group”

Where innovation is the norm

© 2026 MORITO CO.,LTD. 3

‌Company Profile
  • Founded in 1908

    • Began operating in Osaka as a broker of eyelets and snap fasteners

    • Later expanded operations mainly for sales of MAGIC TAPE® and other clothing accessories and automotive interior components.

  • Trading company with manufacturing functions

    • A specialized trading company that handles everything from planning and development to manufacturing, wholesale, and distribution

    • Operating in 22 locations around the world

      Eyelets Snap fasteners

      MAGIC TAPE®

      *Eyelet: A metal ring attached to a hole in shoes,

      clothing, etc. through which a lace or cord is threaded

  • Operating three businesses

  • Apparel, product, and transportation businesses form the core of our operations

  • Ratio of in-house production and procurement is 3:7

Where innovation is the norm

© 2026 MORITO CO.,LTD. 4

‌Operations by Business

Apparel Business

Product Business

Transportation Business

Snap fasteners MAGIC TAPE®

Buttons

MAGIC

TAPE®

Grease filters

Insoles

Snap fasteners

MAGIC TAPE®

Nets

Tape Eyelets and

shoelaces

In-house brand products

Applications

Straps

Applications

Skateboards, snowboards, and surfboards

In-house brands

Emblems Trunk floor lining

Applications

Casual wear/shoes Sportswear/shoes Workwear/shoes Medical wear, baby wear Formal wear/shoes Bags and accessories Ladies' wear

Insoles and shoe care products Video equipment-related products

such as camera/PC cases and mouse pads Braces and supports, safety products, teaching tools and stationery

Skateboards, surfboards, etc. Action sports products Grease filter rental service

Automotive interior components Railway and Shinkansen interior components

Aircraft interior components

WWhheerreeininnonvoavtioantioisnthise nthoremnorm

© 2026 MORITO CO.,LTD. 5

‌MORITO’s Strengths
  • Lines of business for daily necessities, which are unaffected by trends

    Since we deal in parts for things that are vital to people’s daily lives, many of our businesses are

    essentially immune to trends or economic downturns and can continue to operate as usual.

  • Stable performance with a diversified portfolio

    Operating worldwide with three core businesses focused on apparel, products, and transportation, we have maintained stable financial performance without falling into the red despite the impact of the oil crises (in the 1970s), the 2008 financial crisis, and the COVID-19 pandemic.

  • Enjoying high market share for various products targeting niche areas

    Many products dominate the market in their respective industries.

    We have the top market share for metal snap fasteners in Japan, and the highest or second-highest in

    the world.

  • Global manufacturing, procurement, and sales capabilities

In addition to our own locations, we have partner plants and distributors all over the world, giving us close proximity to our customers and the ability to respond to their every need.

Where innovation is the norm

© 2026 MORITO CO.,LTD. 6

‌MORITO's High Value-added Products: Product Examples

We develop original, value-added products that meet the needs of customers and consumers to win over customers looking for high functionality and quality. Here are some product lines that generate higher profit margins than standard products.

Product name: Raku Raku Kan®

This product combines a spring with a hook and bar closure to be used over the zipper on bottoms for formal wear, uniforms, etc.

When one’s waist size expands after a meal, etc., it automatically stretches through the spring, thereby relieving tightness.

Product name: Tapey Snapper®

This product integrates plastic snaps into tape. It allows customers to eliminate the process of attaching plastic snaps at their sewing factory. Since all they have to do is just sew the tape onto the fabric, they don't have to invest in equipment for their factories. It's popular with baby and children’s brands because it's safe and secure with little risk of falling out.

WWhheerreeininnonvoavtioantioisnthise nthoremnorm

© 2026 MORITO CO.,LTD. 7

‌FY2026.11 1Q Financial Results

Where innovation is the norm

© 2026 MORITO CO.,LTD. 8

‌Message from the CEO
  • Net sales, operating profit, and ordinary profit achieved new all-time highs since the beginning of quarterly disclosures, while gross profit maintained the 30% range.

  • The Apparel Business was affected by the consolidation of Ms.ID and MITSUBOSHI CORPORATION, and performance in accessories for athletic shoes in Vietnam was strong.

  • Strong performance in the ODM/OEM Business and expansion in kitchen appliance-related services resulted in solid trends in the Product Business.

  • The Transportation Business showed resilience in Japan and Europe.

  • In view of conditions in the Middle East and the economic environment in the U.S., full-year forecasts currently remain unchanged, and progress is ahead of projections.

Where innovation is the norm

© 2026 MORITO CO.,LTD. 9

‌FY2026 1Q Summary of Financial Results

(Million JPY)

(Reference) 2024.1Q

2025.1Q

2026.1Q

Y/Y

Increase/

Decrease

Percentage

change

Net sales

11,744

12,161

16,681

+4,519

+37.2%

Gross profit

(%)

3,378

(28.8%)

3,526

(29.0%)

5,069

(30.4%)

+1,542

+43.7%

Expenses

(%)

2,715

(23.1%)

2,909

(23.9%)

4,030

(24.2%)

+1,121

+38.5%

Operating profit

(%)

662

(5.6%)

617

(5.1%)

1,038

(6.2%)

+420

+68.1%

Ordinary profit

(%)

669

(5.7%)

689

(5.7%)

1,046

(6.3%)

+357

+51.8%

Profit

(%)

564

(4.8%)

601

(4.9%)

660

(4.0%)

+59

+9.8%

*FY2025.1Q results do not include Ms.ID and MITSUBOSHI CORPORATION.

WWhheerreeininnonvoavtioantioisnthise nthoremnorm

© 2026 MORITO CO.,LTD. 10

‌FY2026 Forecast & 1Q Progress

In addition to the full-year consolidation of Ms.ID, performance at MITSUBOSHI CORPORATION and existing businesses was strong, leading to both net sales and operating profit exceeding projections. Meanwhile, considering the impact of geopolitical risks, in areas such as the Transportation Business, full-year forecasts remain unchanged at this time.

(Million JPY)

2026.1Q Results

2026 Full-Year

Forecast

Progress

Net sales

16,681

63,000

26.5%

Operating profit

(%)

1,038

6.2%

3,500

5.6%

29.7%

Ordinary profit

(%)

1,046

6.3%

3,700

5.9%

28.3%

Profit

(%)

660

4.0%

3,000

4.8%

22.0%

Where innovation is the norm

© 2026 MORITO CO.,LTD. 11

‌FY2026 1Q Major Factors for Y/Y Changes

Net sales, operating profit, and ordinary profit achieved new all-time highs since the beginning of quarterly disclosures.

+37.2%

Net sales +4,519 million JPY

(+) Full-year consolidation of Ms.ID and MITSUBOSHI CORPORATION (+) Health products and kitchen appliance-related services were strong (+) Accessories for athletic shoes in Vietnam were strong

(-) Decrease in action sports

Gross profit

+1,542 million JPY

+43.7%

(+) Full-year consolidation of Ms.ID and MITSUBOSHI CORPORATION

(+) Awareness about improving and maintaining gross profit ratio permeating across the company

Operating profit

+420 million JPY

+68.1%

(+) Improvement in gross profit

(-) Increase in expenses such as higher personnel expenses and expenses associated with sales at Ms.ID

+51.8%

Ordinary profit +357 million JPY

(+) Increase in operating profit

(-) Decrease in foreign exchange gains

+9.8%

Profit +59 million JPY

(+) Increase in ordinary profit

Where innovation is the norm

© 2026 MORITO CO.,LTD. 12

Y/Y

Major factors for changes

(+) Factor for increase (-) Factor for decrease

‌FY2026 1Q Trends in Net Sales & Gross Profit Ratio

Steady gross profit ratio improvement continued at existing business, excluding the two companies consolidated via M&A.

[Positive factors for gross profit ratio]

  • Consolidation of Ms.ID

  • Awareness about improving and maintaining gross

(単位:百 万円)

1Q累計売 上高

2Q~4Q売上 高

売上総利 益率

profit ratio permeating across the company

[Negative factors for gross profit ratio]

  • Consolidation of MITSUBOSHI CORPORATION

2026予想

Where innovation is the norm

© 2026 MORITO CO.,LTD. 13

11,561

34,842

10,629

11,171

11,145

10,082

9,577

10,019

16,681

10000

22.0%

20000

24.0%

33,007

29,556

2026

(Forecast)

11,804

11,744

12,161

20.0%

0

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

27.3%

1Q Total net sales

(cumulative)

2Q-4Q Net sales

Gross profit ratio

(Million JPY)

32.0%

70000

30.6%

30.4%

60000

30.0%

29.1%

50000

26.9%

26.9%

27.3%

33,861

28.0%

26.9%

26.1%

46,319

40000

26.0%

25.8%

44,706

26.0%

36,917

36,725

36,793

30000

30,067

31,811

‌FY2026 1Q Changes in Operating Profit (Y/Y)

既存事 業

売上総 利益増加

人件費増加

連結2社

売上総 利益増加

As included in full-year forecasts, expenses increased primarily in personnel expenses and expenses associated with BtoC sales at Ms.ID. Meanwhile, in addition to the consolidation of Ms.ID and MITSUBOSHI CORPORATION, expansion in existing business contributed to higher operating profit.

営業利益増加要因 減少 要因

費 の れ

Ms.ID販売に関わる経費

Ms.ID販売に

関わる経費増加

のれん償 却

増加

その他経費

増加

為替影 響

Where innovation is the norm

© 2026 MORITO CO.,LTD. 14

2026.1Q

Ope2ra0t2i6n.g1Qprofit

その他 経費

為替変 動

ん償 却

+420 Y/Y

人件

新規連結2社の増加

既存事業売上 総利益増加

2025.1Q

Oper2a0t2in5.g1Qprofit

-5

Foreign currency effects

-300

to Ms.ID sales of goodwill Increase in

other expenses

617

expenses related amortization

1,038

Increase in

Increase in

-19

-360

-421

Higher personnel expenses

+1,200

businesses

+326

Increase in gross

profit for two consolidated companies

(Million JPY)

Increase in gross

profit for existing

‌FY2026 1Q Consolidated Balance Sheet

(Million JPY)

2025.4Q

2026.1Q

Assets

Current assets

31,001

31,374

(+373)

Fixed assets

24,497

25,835

(+1,338)

Total assets

55,498

57,210

(+1,711)

2025.4Q

2026.1Q

Liabilities

Current liabilities

10,217

10,866

(+648)

Fixed liabilities

5,448

5,817

(+369)

Total liabilities

15,666

16,684

(+1,018)

Net assets

Shareholders’

equity

33,221

32,363

(-858)

Accumulated other

comprehensive income

6,610

8,163

(+1,552)

Total net assets

39,832

40,526

(+693)

Total liabilities and net assets

55,498

57,210

(+1,711)

Equity ratio for FY2026 1Q: 70.8%

(FY2025: 71.8%)

Where innovation is the norm

© 2026 MORITO CO.,LTD. 15

‌FY2026.11 1Q Segment Information

Where innovation is the norm

© 2026 MORITO CO.,LTD. 16

‌FY2026 1Q Net Sales and External Environment by Region

Asia

Sales composition: 14%

(Million JPY)

Japan

Sales composition: 76%

8,532

12,652

2025

2026

Y/Y: +4,119 million JPY

(+48.3%)

2,028

2,311

2025

2026

41,310

33,012

2024 2025

8,372 8,280

2024 2025

Y/Y: 283 million JPY

(+14.0%)

Europe & the U.S. Sales composition: 10%

1,600

1,717

2025

2026

7,275

7,151

2024 2025

Y/Y: +116 million JPY

(+7.3%)

Full-year consolidation of two companies

Strong ODM/OEM performance

Increased production in Vietnam Sluggish performance of Japanese automotive manufacturers

Medical wear strong in the U.S. Increase in transportation in Europe

Where innovation is the norm

© 2026 MORITO CO.,LTD. 17

‌FY2026 1Q Net Sales and Comments by Business

Net sales

Y/Y

Comments

Apparel Business

9,834 million JPY

*Net sales in Asia and Europe and the U.S. include "other revenue" stated in Financial Results (Segment Information, etc.).

+3,901 million JPY

[Japan]

(+) Consolidation of Ms.ID and increase in silver accessories

(+) Consolidation of MITSUBOSHI CORPORATION and increase in uniform-related materials

(+) Increase in accessories for high-end bags

(-) Performance in materials for fashion apparel was soft due to stagnant

1Q 2Q 3Q 4Q 1Q

+65.8%

demand for fall season products

欧米

アジ ア

2025

2026

[Asia]

Europe &

the U.S.

1,297

1,489

1,551

1,421

1,381

(+) Increase in accessories for casual wear in China

Asia

1,750

1,929

1,692

1,855

2,039

(+) Increase in accessories for athletic shoes in Vietnam

Japan

2,884

4,463

5,881

6,329

6,412

[Europe and the U.S.]

(+) Increase in accessories for medical wear in the U.S.

日本

Product Business

1Q

2Q

3Q

4Q

1Q

2026

2025

1

10

0

0

0

the U.S.

Asia

161

154

143

166

157

Japan

4,509

4,032

3,988

4,685

5,011

5,169 million JPY

欧米

アジ ア

Europe &

*Net sales in Asia include "other revenue" stated in Financial Results (Segment Information, etc.).

+496 million JPY

+10.6%

[Japan]

(+) Increase in health products, stationery and game-related products, and products designed to beat the summer heat

日本

(+) Increase in kitchen appliance rental, sales, and cleaning business (-) Decrease in action sports products

Transportation Business *Net sales in Europe and the U.S. include

"other revenue" stated in the Financial

1,678 million JPY

Results (Segment Information, etc.).

[Japan]

(+) Increase in automotive interior components for Japanese automotive manufacturers

欧米

1Q

2Q

3Q

4Q

1Q

+121 million JPY

[Asia]

20

25

2026

+7.8%

(-) Decrease in automotive interior components for Japanese automotive manufacturers

Europe &

the U.S.

302

424

371

405

335

in China

アジア

115

119

86

102

114

Japan

日本

1,139

1,018

1,075

1,303

1,227

Asia

Where innovation is the norm

[Europe and the U.S.]

(+) Increase in automotive interior components for Japanese automotive manufacturers in Europe

© 2026 MORITO CO.,LTD. 18

‌(Reference) FY2026 1Q Sales Composition by Region & Business

The percentage for Japan in the Apparel Business increased due to the consolidation of Ms.ID and MITSUBOSHI CORPORATION.

The percentage of the Apparel Business is projected to increase further for the full year of FY2026.

2025.1Q

2026.1Q

73%

20%

Product

38%

Apparel

Asia

Asia

Asia 3%

8% Europe &

Japan the U.S. 73% 19%

Transportation 13%

Japan 49%

Asia 3%

7% Europe &

Japan the U.S.

Transportation 10%

Japan 65%

49%

Asia 29%

Japan 97%

Product 31%

Apparel

59%

Japan 97%

Europe & the U.S. 22%

Europe & the U.S. 14%

Asia 21%

*FY2026 1Q net sales for the Apparel business in Asia, for the Apparel Business in Europe & the U.S., for the Product business in Asia,

and for the Transportation business in Europe & the U.S. include "other revenue" stated in Financial Results (Segment Information, etc.).

Where innovation is the norm

© 2026 MORITO CO.,LTD. 19

‌(Reference) FY2026 1Q Net Sales by Segment

(Million JPY)

2026 results

1Q

Composition

Increase/

Decrease

Percentage

change

Japan

12,652

75.8%

+4,119

+48.3%

Asia

2,311

13.9%

+283

+14.0%

Europe &

the U.S.

1,717

10.3%

+116

+7.3%

Total

16,681

100.0%

+4,519

+37.2%

2025 results

1Q

2Q

3Q

4Q

Full year

Composition

Increase/

Decrease

Percentage

change

Japan

8,532

9,514

10,944

12,319

41,310

72.6%

+8,298

+25.1%

Asia

2,028

2,204

1,922

2,125

8,280

14.6%

-92

-1.1%

Europe &

the U.S.

1,600

1,924

1,922

1,827

7,275

12.8%

+123

+1.7%

Total

12,161

13,643

14,790

16,271

56,867

100.0%

+8,330

+17.2%

Where innovation is the norm

© 2026 MORITO CO.,LTD. 20

‌(Reference) Operating Profit by Business Segment

Where innovation is the norm

© 2026 MORITO CO.,LTD. 21

‌FY2025 1Q Net Sales and Operating Profit Composition by Business and Region

In presenting segment profit, businesses related to products that have been added to the MORITO Group through acquisitions or other means are classified as Product . Specific company names for Product are listed on p24.

*The composition is based on figures before the elimination of intercompany transactions and goodwill amortization, and it may differ from other disclosed documents.

Net Sales and Operating Profit Composition by Business

Operating Profit Composition by Region and Business

Transportation

Asia

Transportation 40%

Europe & the U.S.

16%

Product

14%

29%

15%

11%

Net Sales Composition by Business Segment

Operating Profit Composition by Business Segment

Apparel

49%

34%

Product

Asia 6%

Japan 94%

Japan 44%

Apparel

Japan

66%

Asia 27%

Product

22%

26%

Asia Europe & the U.S.

13%

Japan 87%

Product

Europe & the U.S.

7%

Where innovation is the norm

© 2026 MORITO CO.,LTD. 22

‌FY2026 1Q Net Sales and Operating Profit Composition by Business and Region

The Apparel Business in Japan was increased by two consolidated companies. Product , such as kitchen appliance-related services and action sports, and the domestic Transportation Business also contributed to profits.

*The composition is based on figures before the elimination of intercompany transactions and goodwill amortization, and

it may differ from other disclosed documents.

Net Sales and Operating Profit

Composition by Business

Operating Profit Composition by

Region and Business

Transportation

Transportation

Asia 33%

Europe & the U.S.

10%

Product

Product

11%

19%

24%

12%

11%

Net Sales Composition by Business Segment

Operating Profit Composition by Business Segment

16%

Apparel

58%

49%

Product

Asia 2%

Japan 98%

Asia 17%

Japan 57%

Japan

Apparel

Japan 66%

Asia

23%

Europe

Product

83%

& the U.S. 11%

Where innovation is the norm

© 2026 MORITO CO.,LTD. 23

Transportation Business

‌Group Companies by Segment

MORITO AUTO-PARTS

Product

Asia

Japan

Apparel Business

MORITO APPAREL

MATEX

Ms.ID

MITSUBOSHI CORPORATION

Product Business

MORITO JAPAN

ACE INDUSTRIAL MACHINERY

MANEUVERLINE

CANVAS

*CANVAS was absorbed and merged into MANEUVERLINE on April 1, 2026

MORITO SCOVILL HONG KONG

MORITO SHANGHAI

MORITO TRADING (THAILAND)

MORITO (SHENZHEN)

MORITO DANANG

SCOVILL FASTENERS INDIA

MATEX SHANGHAI

MITSUBOSHI CORPORATION SHANGHAI

MORITO (EUROPE)

MORITO SCOVILL MEXICO

MORITO SCOVILL AMERICAS

MORITO NORTH AMERICA

Europe & the U.S.

Where innovation is the norm

© 2026 MORITO CO.,LTD. 24

‌Business Topics

Where innovation is the norm

© 2026 MORITO CO.,LTD. 25

‌Progress in the 8th Mid-term Management Plan[Local Production for Local Consumption]

Hisanaga Seisakusho, a partner plant tasked with producing MORITO’s metal snap fasteners for close to 80 years, has joined the MORITO Group. We are working to internalize advanced metal snap fastener technologies. Positioning it as a key plant among our in-house production locations, we are globally expanding “MORITO Quality.”

Legacy snap fastener production structure

Quality defined by each company

Domestic suppliers

In-house snap fastener plants

Hisanaga

Seisakusho

(Chiba Prefecture, Japan)

MORITO (SHENZHEN)

(Shenzhen, China)

MORITO SCOVILL AMERICAS

(Georgia, U.S.)

Quality varies by region, making it difficult to advance local production for local consumption

Future outlook Standardize “MORITO Quality”

Hisanaga

Seisakusho

(Chiba Prefecture, Japan)

In-house key plant

Transfer technology

and unify quality

MORITO (SHENZHEN)

(Shenzhen, China)

MORITO SCOVILL AMERICAS

(Georgia, U.S.)

globally with Hisanaga Seisakusho as the key plant

Future new plant

Accelerate local production

for local consumption

*As these are primarily inter-group sales,

the impact on consolidated financial results is projected to be limited

Where innovation is the norm

© 2026 MORITO CO.,LTD. 26

‌Stainless Steel Ring Prong Snap Fastener - MORITO’s High-Value-added Products: Product Examples

We develop original, value-added products that meet the needs of customers and consumers to win over customers looking for high functionality and quality.

Product name: Stainless Steel Ring Prong Snap Fastener (Manufacturer: Hisanaga Seisakusho)

This snap fastener is perfect for medical gowns used in hospitals. With anti-chemical properties and the ability to tolerate commercial washing and drying, the product is durable enough to withstand strong detergents used to remove blood and other stains. Additionally, its special magnetizing-resistant steel manufacturing process allows the gown to be safely used in MRI environment. In particular, since the magnetizing-resistant steel manufacturing process is beyond other companies’ capabilities, this product contributes significantly to MORITO’s medical gown market share.

Where innovation is the norm

© 2026 MORITO CO.,LTD.27

‌Progress in the 8th Mid-term Management Plan [Environmental Initiatives]

Denim fabric made from “MURON®,” a recycled fiber made entirely from discarded fishing nets collected in Japan, has been adopted for some of the products in the HELLY HANSEN 2026 Spring and Summer collection.

Special page on the official online store

Where the sea meets the city—marine style, reimagined.

Click here for details

Where innovation is the norm © 2026 MORITO CO.,LTD. 28

‌New TEN. Location Opening

“TEN.,” a silver accessory brand operated by Ms.ID, opened a new location. Trends in FY2026 1Q were strong. The second Taiwan location is also scheduled to open in the middle of April.

JR HAKATA CITY AMU PLAZA HAKATA

Stellar Place Sapporo

Where innovation is the norm

© 2026 MORITO CO.,LTD. 29

‌Shareholder Returns

Where innovation is the norm

© 2026 MORITO CO.,LTD. 30

‌Basic Dividend Policy

We regard returning profits to shareholders as one of the most important management issues, and determine the amount of dividends based on the following policy, taking into consideration investment projects and financial conditions (net assets, etc.).

Where innovation is the norm © 2026 MORITO CO.,LTD. 31

Realize stable and

continuous dividend

payments

Dividend payout ratio

of 50% or more

in relation to profit attributable to owners of parent is the standard

Standard for dividend

on equity (DOE) ratio of 4.0%

(on a consolidated basis)

Continue to consider buying back shares whenever necessary and

canceling them appropriately

*In a fiscal year with a significant fluctuation in after-tax profit

attributable to owners of parent due to special factors such as extraordinary income or losses, the dividend amount will be determined in consideration of the corresponding impact.

‌Trends of Dividend, Dividend Payout Ratio & DOE

The annual dividend is expected to increase by 2 JPY from the previous fiscal year, meaning dividends will have been up for six consecutive fiscal years since FY2020.

We adopted a revised basic dividend policy in FY2023

70.0

60.0

Annual Ordinary Dividend (JPY)

Profit

(100 million JPY)

50.0

Forecast

Forecast

40.0

30.0

20.0

10.0

期純利益( 億円)

当Profit (100 million JPY)

0.0

2020

4.7

2021

14.0

2022

16.7

2023

22.1

2024

25.7

2025

28.0

29.1

2026

2026予想

Forecast

30.0

年間配当( 円/株)

Annual dividend per share (JPY)

中間配当( 円/株

期末配当( 円/株

配当性向 (%)

Interim dividend per share (JPY)) Year-end dividend per share (JP)Y)

Dividend payout ratio (%)

DOE(%)

DOE (%)

18.0

13.25

4.75

104.8

1.5

26.0

9.0

17.0

50.6

2.2

32.0

13.5

18.5

51.4

2.4

55.0

27.0

28.0

66.2

3.9

63.0

29.0

34.0

64.9

4.3

70.0

33.0

37.0

65.2

62.6

4.6

72.0

36.0

36.0

60.4

61.4

4.6

Where innovation is the norm

© 2026 MORITO CO.,LTD. 32

‌(Reference) 8th Mid-term Management Plan

Where innovation is the norm

© 2026 MORITO CO.,LTD. 33

‌(Reference) Positioning of the 8th Mid-term Management Plan

Period to sow seeds for further growth. The operating profit target of 3,000 million JPY has been achieved ahead of

schedule, and net sales are expected to exceed the initial target.

Build a global earnings base and management system

Revamp management structure and sow seeds for increasing profit

Establish a lean profit structure

+

Aggressively invest for the future

Increase both the top

line and profit margin

7th Mid-term Management

Plan

Period for building a business structure designed to weather the COVID-19

pandemic

8th Mid-term Management Plan

63,000

Our vision for FY2030 Net sales: 80,000 million JPY

Operating profit: 5,000 million JPY ROE10%

56,867

Bring net sales up to 100,000 million JPY

2,116

2,464

3

,333

2,868

5

FY2026 initial target Net sales: 60,000 million JPY

Operating profit: 3,000 million JPY

1,619

8th Mid-term Management Plan (5 years)

Net sales Operating profit

(Million JPY)

Target

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© 2026 MORITO CO.,LTD. 34

‌Progress in the 8th Mid-term Management Plan (FY2022 – FY2025) Results of Structural Reforms Following Company Split

Significant improvement in profit structure and cash flow

Trends in Net Sales, Operating Profit, and Gross Profit Ratio

63,000

500

56,867

Trends in Cash Flows

5,258

FY2025

2 M&As

43,943

45,987

40,727 43,636

48,478 48,529 48,537

2,868

2,464

3,333 3,

3,725

3,614

2,462

4,477

2,644

2,994

4,399 4,620

850

1,725 1,734

26.9% 27.3%

856

1,619

2,116

27.3%

29.1%

30.6%

2,445 2,242 715

110 (16) (401) (135) 77 638

(2,021)

(5,015)

26.0% 26.1% 25.8%

2018 2019 2020 2021 2022 2023 2024 2025 2026

forecast

2019 2020 2021 2022 2023 2024 2025

Cash flows from operating activities Cash flows from investing activities

Net sales Operating profit

Gross profit ratio

Free cash flow

(Million JPY)

Issues at the beginning of the 8th

Mid-term Management Plan

Countermeasure: Change values and culture ingrained in employees

© 2026 MORITO CO.,LTD. 35

  • Slowdown in operating profit growth

  • Stagnation of sales expansion

  • Lack of inventory and cost awareness

    Cause: Lack of a healthy sense of urgency

  • Stable earnings through businesses

    that complement one another

  • Not enough investment in growth

  • Cash-rich financial base

Two pillars of the 8th Mid-term Management Plan

  1. Establish a lean profit structure

    → In 2022, MORITO Japan Co., Ltd. was split into three companies by business

    segment.

    Visualized issues in each business and reviewed unprofitable businesses [Post-split-off initiatives]

    • Higher profit margin → Reviewed sales terms and conditions as well as bonuses

    • Improvement of CCC/inventory → Established a new executive evaluation system

    using CCC

  2. Formulate an investment strategy and aggressively invest for the future

→ Increased capital investment and carried out two M&As

Where innovation is the norm © 2026 MORITO CO.,LTD. 35

‌(Reference) Overview of the Growth Strategy for Achievingthe 8th Mid-term Management Plan

Growth potential

Develop new fastener materials

Make capital investment for kitchen appliance-related business

Locally produce apparel accessories for local consumption

Environmental initiatives such as Rideeco®

Locally procure automotive interior components

Increase production in ASEAN

Focus on B2C business ・

52 BY HIKARUMATSUMURA ・

YOSOOU®

Increase market share for in-house brand shoe care products (is-fit®, etc.)

Streamline sales routes

Apparel Business Product Business Transportation Business

Common to all businesses

New apparel businesses

Profitability

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© 2026 MORITO CO.,LTD. 36

‌Current Issues for the Next Mid-term Management Plan

We are drawing up the next mid-term management plan with an eye to solving the following issues.

(The plan currently being drafted is scheduled for completion around summer 2026.)

  1. Snap fasteners have made in two in-house factories or Japanese-made. These each have different specifications.

    → There is a difference in quality at each manufacturing location, and some customers require products exported from Japan, preventing the full realization of local production for local consumption.

  2. Although we are positioned close to a manufacturer in the snap fastener

market, few products are made in-house.

Apparel Business

  1. Most of our operations, such as the OEM business, are easily affected by customer demand, making it difficult to significantly improve profitability.

  2. Sales of MORITO brand products account for a small percentage.

  3. Existing in-house service centers in the kitchen appliance-related business alone cannot cover all of Japan.

Product Business

  1. Profitability is low due to reliance on procurement, and not many products

    are made in-house.

  2. Fewer items are procured in the North American region, where Japanese automakers have large production volumes, than in Japan and China, preventing the full realization of local production for local consumption.

Transportation Business

We haven’t created synergies with acquired companies.

Group-wide

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© 2026 MORITO CO.,LTD. 37

‌Disclaimer

This handout has been prepared only for information purposes and is not intended to solicit investment.

Although this handout is made with extreme care, its completeness cannot be guaranteed. We assume no responsibility whatsoever for any damages resulting from the contents.

The financial results forecasts and forward-looking statements in this presentation are made with information known as of the day of presentation and contain some potential risks and uncertainties. Therefore, please be aware that the content of the forecasts may differ significantly from actual results, due to various factors such as changes in the business environment.

Contact

MORITO CO., LTD.

Investor Relations/Public Relations Department

4-2-4, Minami Honmachi, Chuo-ku, Osaka 541-0054 Japan E-mail: ir@morito.co.jp

Where innovation is the norm © 2026 MORITO CO.,LTD. 38

Where innovation is the norm

‌Where innovation is the norm © 2026 MORITO CO.,LTD. 39

© 2026 MORITO CO.,LTD.

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