MORITO CO., LTD.
Presentation Materials forthe First Quarter of Fiscal Year Ending November 30, 2026, Financial ResultsPrime 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 ProfileWhere innovation is the norm
© 2026 MORITO CO.,LTD. 2
MORITO Group ValuesFounding Principles
Active and SteadfastCorporate 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 ProfileFounded 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 BusinessApparel 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 StrengthsLines 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 ExamplesWe 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 ResultsWhere innovation is the norm
© 2026 MORITO CO.,LTD. 8
Message from the CEONet 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.
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© 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 RatioSteady 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 InformationWhere innovation is the norm
© 2026 MORITO CO.,LTD. 16
FY2026 1Q Net Sales and External Environment by RegionAsia
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 BusinessNet 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 SegmentWhere 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
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 TopicsWhere 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 ReturnsWhere innovation is the norm
© 2026 MORITO CO.,LTD. 30
Basic Dividend PolicyWe 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 PlanWhere 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
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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
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
Formulate an investment strategy and aggressively invest for the future
→ Increased capital investment and carried out two M&As
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(Reference) Overview of the Growth Strategy for Achievingthe 8th Mid-term Management PlanGrowth 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.)
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.
Although we are positioned close to a manufacturer in the snap fastener
market, few products are made in-house.
Apparel Business
Most of our operations, such as the OEM business, are easily affected by customer demand, making it difficult to significantly improve profitability.
Sales of MORITO brand products account for a small percentage.
Existing in-house service centers in the kitchen appliance-related business alone cannot cover all of Japan.
Product Business
Profitability is low due to reliance on procurement, and not many products
are made in-house.
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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DisclaimerThis 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
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Where innovation is the norm
Where innovation is the norm © 2026 MORITO CO.,LTD. 39
© 2026 MORITO CO.,LTD.
