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Presentation materials on financial results9837MORITO CO.,LTD.Trading & Wholesale

Financial Results Presentation for the Fiscal Year Ending November 2025

For the fiscal year ending November 2025, net sales, operating profit and ordinary profit reached record highs due to the newly consolidated results of Ms.ID and ミツボシコーポレーション and improvements in existing businesses. For the fiscal year ending November 2026, the company expects record-high net sales and operating profit, while planning for a lower profit margin due to higher personnel expenses and other factors.

Worth reading
62In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
8330
¥ million (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials on financial results2025年11月期 通期14 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥56,867 million+17.2%
Operating profit¥3,333 million+16.2%
Ordinary income¥3,624 million+20.7%
Net income¥2,916 million+13.4%
Gross Profit Margin30.6 %
Operating profit margin5.9 %
Selling, general and administrative expenses¥14,053 million
Results for the three months of the current quarter
Regional sales
Japan
¥12,319 million
Asia
¥2,125 million
Europe and North America
¥1,827 million
Total
¥16,271 million
Full-year earnings forecast
Net Sales
¥63,000 million
Operating profit
¥3,500 million
Ordinary income
¥3,700 million
Net income for the current fiscal year
¥3,000 million
Annual Dividend
¥72 per share
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
第8次中期経営計画の営業利益目標30億円は前倒しで達成、売上高も当初目標を超える予想
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit
Increase in gross profit from the 2 newly consolidated companies2,673
既存事業の売上総利益増加657
Increase in personnel expenses-1,099
Increase in Ms.ID selling-related expenses-960
Increase in goodwill amortization-112
Increase in other expenses-651
Foreign Exchange Effects-44
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
定量的な前提値はNot disclosed。レディースアパレル市場の停滞、輸送関連事業の減速、M&A2社の通期連結、スポーツ関連需要、国内作業服向け資材需要などを前提・外部環境として記載。
New initiatives
  • Ms.IDとミツボシコーポレーションの新規連結
  • Ms.ID運営のTEN.新店舗オープン
  • MURONの本格販売と新商品開発
  • ベトナム自社工場増設のための土地購入
  • 米国・ベトナム自社工場の設備投資
  • 厨房機器関連サービスの自社センター設立・設備強化
  • 次期中期経営計画の作成
Key KPIsA metric the company considers important as a management benchmark.
  • MURON売上高¥868 million
  • BtoC事業売上高（アパレル）¥3,050 million
  • BtoC事業売上高（プロダクト）¥1,001 million
  • 国内機関投資家個別IRミーティング40 times
  • 海外機関投資家個別IRミーティング・カンファレンス10 times
Segment results
Apparel-related business
Net Sales¥32,547 million
Year on year against the same period last year+34.3%
Product-related business
Net Sales¥17,855 million
Year on year against the same period last year+2.6%
Transportation-related business
Net Sales¥6,463 million
Year on year against the same period last year-6.4%
Medium-term management plan targets
Eighth Medium-Term Management Plan2026年11月期に売上高600億円、営業利益30億円
Revenue from environmental initiatives2026年目標10億円、2030年目標50億円
Comparison with actual results2025年11月期営業利益33.33億円で30億円目標を前倒し達成、2026年11月期売上高予想630億円
Financial targets
ROE8.0%の早期達成を目指す
Equity ratio
71.8 %
Market Size / Share
市場規模はNot disclosed。金属ホックは日本1位、世界でも1位・2位を争うと記載。
Number of stores and locations
世界の拠点数22 Location
Capital expenditures
6 億円2024～2026年11月期の投資合計額
Annual Dividend
¥72 per share
Interim36
End of period36
Payout ratio
60.4 %
DOE4.6
Acquisition of treasury shares
Number of shares acquired600,000 shares (maximum)
Acquisition amount1,200百万円（上限）
Period15 January 2026 to 14 January 2027
Contents of this document
ItemDetails
Document typePresentation materials on financial results
Fiscal Period Covered2025年11月期 通期
Net Sales¥56,867 million (YoY +17.2%)
Operating profit¥3,333 million (YoY +16.2%)
Ordinary income¥3,624 million (YoY +20.7%)
Net income¥2,916 million (YoY +13.4%)
Gross Profit Margin30.6 %
Operating profit margin5.9 %
Selling, general and administrative expenses¥14,053 million
Results for the three months of the current quarterRegional sales Japan ¥12,319 million / Asia ¥2,125 million / Europe and North America ¥1,827 million / Total ¥16,271 million
Full-year earnings forecastNet Sales ¥63,000 million / Operating profit ¥3,500 million / Ordinary income ¥3,700 million / Net income for the current fiscal year ¥3,000 million / Annual Dividend ¥72 per share
Self-assessment against the plan第8次中期経営計画の営業利益目標30億円は前倒しで達成、売上高も当初目標を超える予想
Segment resultsApparel-related business Net Sales ¥32,547 million / yoy_pct ¥34.3 million / Product-related business Net Sales ¥17,855 million / yoy_pct ¥2.6 million / Transportation-related business Net Sales ¥6,463 million / yoy_pct ¥-6.4 million
Breakdown of Factors Affecting the ChangeOperating profit Increase in gross profit from the 2 newly consolidated companies 2,673 / 既存事業の売上総利益増加 657 / Increase in personnel expenses -1,099 / Increase in Ms.ID selling-related expenses -960 / Increase in goodwill amortization -112 / Increase in other expenses -651 / Foreign Exchange Effects -44
Key KPIsIndicator name MURON売上高 / Value ¥868 million / Year on year against the same period last year Not disclosed, Indicator name BtoC事業売上高（アパレル） / Value ¥3,050 million / Year on year against the same period last year Not disclosed, Indicator name BtoC事業売上高（プロダクト） / Value ¥1,001 million / Year on year against the same period last year Not disclosed, Indicator name 国内機関投資家個別IRミーティング / Value 40 times / Year on year against the same period last year Not disclosed, Indicator name 海外機関投資家個別IRミーティング・カンファレンス / Value 10 times / Year on year against the same period last year Not disclosed
Number of stores and locations世界の拠点数 22 Location / Number of store openings and closures during the period Not disclosed
Assumptions Underlying the Business Outlook定量的な前提値はNot disclosed。レディースアパレル市場の停滞、輸送関連事業の減速、M&A2社の通期連結、スポーツ関連需要、国内作業服向け資材需要などを前提・外部環境として記載。
Medium-term management plan targetsEighth Medium-Term Management Plan 2026年11月期に売上高600億円、営業利益30億円 / Revenue from environmental initiatives 2026年目標10億円、2030年目標50億円 / Comparison with actual results 2025年11月期営業利益33.33億円で30億円目標を前倒し達成、2026年11月期売上高予想630億円
Financial targetsROE 8.0%の早期達成を目指す / Equity ratio 71.8 %
Annual Dividend¥72 per share
Payout ratio60.4 %
Acquisition of treasury sharesNumber of shares acquired 600,000 shares (maximum) / Acquisition amount 1,200百万円（上限） / Period 15 January 2026 to 14 January 2027
Capital expenditures6 億円（2024～2026年11月期の投資合計額）
Market Size / Share市場規模はNot disclosed。金属ホックは日本1位、世界でも1位・2位を争うと記載。
New initiativesMs.IDとミツボシコーポレーションの新規連結, Ms.ID運営のTEN.新店舗オープン, MURONの本格販売と新商品開発, ベトナム自社工場増設のための土地購入, 米国・ベトナム自社工場の設備投資, 厨房機器関連サービスの自社センター設立・設備強化, 次期中期経営計画の作成
Items this document does not state (6)
Progress against full-year forecastUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Ms.IDとミツボシコーポレーションの新規連結、国内アパレル市場の回復、スポーツ・アウトドア関連の増加、売上総利益率水準の改善・維持への意識浸透が増収増益要因。営業利益については、人件費やMs.IDの販売関連経費などの増加が一部の押し下げ要因となった。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Presentation for the Fiscal Year Ending November 2025 | MORITO CO.,LTD. (9837) timely disclosure | Komori