View Future GrowthMorito 과거 순이익 실적과거 기준 점검 2/6Morito은 연평균 23.1%의 비율로 수입이 증가해 온 반면, Luxury 산업은 수입이 16% 증가했습니다. 매출은 연평균 5.8%의 비율로 증가했습니다. Morito의 자기자본이익률은 7.3%이고 순이익률은 4.8%입니다.핵심 정보23.09%순이익 성장률24.04%주당순이익(EPS) 성장률Luxury 산업 성장률10.88%매출 성장률5.79%자기자본이익률7.34%순이익률4.85%다음 순이익 업데이트14 Jul 2026최근 과거 실적 업데이트Reported Earnings • Apr 15First quarter 2026 earnings released: EPS: JP¥25.96 (vs JP¥22.94 in 1Q 2025)First quarter 2026 results: EPS: JP¥25.96 (up from JP¥22.94 in 1Q 2025). Revenue: JP¥16.7b (up 37% from 1Q 2025). Net income: JP¥660.0m (up 9.8% from 1Q 2025). Profit margin: 4.0% (down from 4.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year.공시 • Apr 07Morito Co., Ltd. to Report Q1, 2026 Results on Apr 14, 2026Morito Co., Ltd. announced that they will report Q1, 2026 results on Apr 14, 2026분석 기사 • Jan 22Concerns Surrounding Morito's (TSE:9837) PerformanceMorito Co., Ltd.'s ( TSE:9837 ) robust recent earnings didn't do much to move the stock. We believe that shareholders...Reported Earnings • Jan 15Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥112 (up from JP¥97.12 in FY 2024). Revenue: JP¥56.9b (up 17% from FY 2024). Net income: JP¥2.92b (up 13% from FY 2024). Profit margin: 5.1% (down from 5.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 22% per year.공시 • Nov 07Morito Co., Ltd. to Report Fiscal Year 2025 Results on Jan 14, 2026Morito Co., Ltd. announced that they will report fiscal year 2025 results on Jan 14, 2026Reported Earnings • Oct 11Third quarter 2025 earnings released: EPS: JP¥25.04 (vs JP¥19.89 in 3Q 2024)Third quarter 2025 results: EPS: JP¥25.04 (up from JP¥19.89 in 3Q 2024). Revenue: JP¥14.8b (up 25% from 3Q 2024). Net income: JP¥654.0m (up 24% from 3Q 2024). Profit margin: 4.4% (in line with 3Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year.모든 업데이트 보기Recent updatesUpcoming Dividend • May 21Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 28 May 2026. Payment date: 07 August 2026. Payout ratio is a comfortable 61% and the cash payout ratio is 91%. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).Buy Or Sell Opportunity • Apr 17Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 9.9% to JP¥1,934. The fair value is estimated to be JP¥1,598, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 7.9% in 2 years. Earnings are forecast to decline by 6.6% in the next 2 years.Reported Earnings • Apr 15First quarter 2026 earnings released: EPS: JP¥25.96 (vs JP¥22.94 in 1Q 2025)First quarter 2026 results: EPS: JP¥25.96 (up from JP¥22.94 in 1Q 2025). Revenue: JP¥16.7b (up 37% from 1Q 2025). Net income: JP¥660.0m (up 9.8% from 1Q 2025). Profit margin: 4.0% (down from 4.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year.공시 • Apr 07Morito Co., Ltd. to Report Q1, 2026 Results on Apr 14, 2026Morito Co., Ltd. announced that they will report Q1, 2026 results on Apr 14, 2026Declared Dividend • Mar 21Final dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 28th May 2026 Payment date: 7th August 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.분석 기사 • Jan 22Concerns Surrounding Morito's (TSE:9837) PerformanceMorito Co., Ltd.'s ( TSE:9837 ) robust recent earnings didn't do much to move the stock. We believe that shareholders...Reported Earnings • Jan 15Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥112 (up from JP¥97.12 in FY 2024). Revenue: JP¥56.9b (up 17% from FY 2024). Net income: JP¥2.92b (up 13% from FY 2024). Profit margin: 5.1% (down from 5.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 22% per year.공시 • Jan 14+ 4 more updatesMorito Co., Ltd., Annual General Meeting, Feb 26, 2026Morito Co., Ltd., Annual General Meeting, Feb 26, 2026.분석 기사 • Nov 26Morito (TSE:9837) Is Paying Out A Larger Dividend Than Last YearMorito Co., Ltd. ( TSE:9837 ) has announced that it will be increasing its dividend from last year's comparable payment...Upcoming Dividend • Nov 20Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 27 November 2025. Payment date: 02 March 2026. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%).분석 기사 • Nov 07Morito (TSE:9837) Has Announced That It Will Be Increasing Its Dividend To ¥36.00Morito Co., Ltd.'s ( TSE:9837 ) dividend will be increasing from last year's payment of the same period to ¥36.00 on...공시 • Nov 07Morito Co., Ltd. to Report Fiscal Year 2025 Results on Jan 14, 2026Morito Co., Ltd. announced that they will report fiscal year 2025 results on Jan 14, 2026Reported Earnings • Oct 11Third quarter 2025 earnings released: EPS: JP¥25.04 (vs JP¥19.89 in 3Q 2024)Third quarter 2025 results: EPS: JP¥25.04 (up from JP¥19.89 in 3Q 2024). Revenue: JP¥14.8b (up 25% from 3Q 2024). Net income: JP¥654.0m (up 24% from 3Q 2024). Profit margin: 4.4% (in line with 3Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year.분석 기사 • Aug 11Morito's (TSE:9837) Upcoming Dividend Will Be Larger Than Last Year'sMorito Co., Ltd. ( TSE:9837 ) has announced that it will be increasing its dividend from last year's comparable payment...Declared Dividend • Aug 08First half dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 27th November 2025 Payment date: 2nd March 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 37% over the next 3 years. However, it would need to fall by 45% to increase the payout ratio to a potentially unsustainable range.공시 • Jul 31Morito Co., Ltd. to Report Q3, 2025 Results on Oct 10, 2025Morito Co., Ltd. announced that they will report Q3, 2025 results on Oct 10, 2025분석 기사 • Jul 23Morito's (TSE:9837) Solid Profits Have Weak FundamentalsUnsurprisingly, Morito Co., Ltd.'s ( TSE:9837 ) stock price was strong on the back of its healthy earnings report...Reported Earnings • Jul 14Second quarter 2025 earnings released: EPS: JP¥67.08 (vs JP¥31.20 in 2Q 2024)Second quarter 2025 results: EPS: JP¥67.08 (up from JP¥31.20 in 2Q 2024). Revenue: JP¥13.6b (up 14% from 2Q 2024). Net income: JP¥1.76b (up 112% from 2Q 2024). Profit margin: 13% (up from 6.9% in 2Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 26% per year.공시 • Jul 13+ 1 more updateMorito Co., Ltd. Revises Dividend Guidance for the Fiscal Year Ending November 30, 2025; Announces Second Quarter-End Dividend for the Period Ending May 31, 2025, Payable on August 7, 2025Morito Co., Ltd. revised dividend guidance of JPY 36.00 per share for the fiscal year ending November 30, 2025 against JPY 34.00 per share a year ago. The company announced second quarter-end dividend for the period ending May 31, 2025. For the period, the company announced second quarter-end dividend of JPY 33.00 per share against JPY 29.00 per share a year ago. Dividend payable date is August 7, 2025.Upcoming Dividend • May 22Upcoming dividend of JP¥33.00 per shareEligible shareholders must have bought the stock before 29 May 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.8%).분석 기사 • May 02Morito (TSE:9837) Is Due To Pay A Dividend Of ¥33.00Morito Co., Ltd. ( TSE:9837 ) has announced that it will pay a dividend of ¥33.00 per share on the 8th of August. This...공시 • May 01Morito Co., Ltd. to Report Q2, 2025 Results on Jul 11, 2025Morito Co., Ltd. announced that they will report Q2, 2025 results on Jul 11, 2025Reported Earnings • Apr 12First quarter 2025 earnings released: EPS: JP¥22.93 (vs JP¥21.22 in 1Q 2024)First quarter 2025 results: EPS: JP¥22.93 (up from JP¥21.22 in 1Q 2024). Revenue: JP¥12.2b (up 3.6% from 1Q 2024). Net income: JP¥601.0m (up 6.6% from 1Q 2024). Profit margin: 4.9% (up from 4.8% in 1Q 2024). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year.분석 기사 • Apr 12Morito (TSE:9837) Is Due To Pay A Dividend Of ¥33.00The board of Morito Co., Ltd. ( TSE:9837 ) has announced that it will pay a dividend on the 8th of August, with...공시 • Apr 11Morito Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending November 30, 2025Morito Co., Ltd. revised consolidated earnings guidance for the fiscal Year Ending November 30, 2025. For the year, the company now expects Net Sales to be JPY 56,000 million as compared to JPY 53,000 million previously, operating profit to be JPY 3,200 million as compared to JPY 3,100 million previously, profit attributable to owners of the parent to be JPY 2,800 million as compared to JPY 2,700 million previously, basic earnings per share to be JPY 104.82 as compared to 102.82 previously. Reason for revision: As announced in "Notice of Acquisition of Shares of Mitsuboshi Corporation released on January 24, 2025, the Company acquired shares of Mitsuboshi Corporation and made it a consolidated subsidiary. The Company has revised its financial results forecast upward as the financial results are expected to reach the figures mentioned above as a result of adding net sales and profit that are forecast to be generated by the business activities of Mitsuboshi Corporation by the end of the fiscal year ending November 30, 2025.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,276, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Luxury industry in Japan. Total returns to shareholders of 94% over the past three years.분석 기사 • Mar 08Morito's (TSE:9837) Dividend Will Be ¥33.00Morito Co., Ltd. ( TSE:9837 ) will pay a dividend of ¥33.00 on the 8th of August. This makes the dividend yield 4.4...Declared Dividend • Mar 08Final dividend of JP¥33.00 announcedShareholders will receive a dividend of JP¥33.00. Ex-date: 29th May 2025 Payment date: 8th August 2025 Dividend yield will be 4.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 9.8% over the next 3 years. However, it would need to fall by 30% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Mar 04Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥97.12 (up from JP¥83.01 in FY 2023). Revenue: JP¥48.5b (flat on FY 2023). Net income: JP¥2.57b (up 16% from FY 2023). Profit margin: 5.3% (up from 4.6% in FY 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 4.2%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Mar 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.공시 • Feb 05Morito Co., Ltd. to Report Q1, 2025 Results on Apr 11, 2025Morito Co., Ltd. announced that they will report Q1, 2025 results on Apr 11, 2025분석 기사 • Jan 21Morito's (TSE:9837) Shareholders May Want To Dig Deeper Than Statutory ProfitFollowing the solid earnings report from Morito Co., Ltd. ( TSE:9837 ), the market responded by bidding up the stock...Reported Earnings • Jan 15Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥97.12 (up from JP¥83.01 in FY 2023). Revenue: JP¥48.5b (flat on FY 2023). Net income: JP¥2.57b (up 16% from FY 2023). Profit margin: 5.3% (up from 4.6% in FY 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 4.2%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.공시 • Jan 14+ 1 more updateMorito Co., Ltd., Annual General Meeting, Feb 27, 2025Morito Co., Ltd., Annual General Meeting, Feb 27, 2025.분석 기사 • Nov 22Morito (TSE:9837) Will Pay A Larger Dividend Than Last Year At ¥34.00Morito Co., Ltd. ( TSE:9837 ) will increase its dividend from last year's comparable payment on the 28th of February to...Upcoming Dividend • Nov 21Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 28 November 2024. Payment date: 28 February 2025. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).공시 • Nov 20Morito Co., Ltd. (TSE:9837) signed a letter of intent to acquire MS.ID Co., Ltd. from Try Hard Investments Co., Ltd.Morito Co., Ltd. (TSE:9837) signed a letter of intent to acquire MS.ID Co., Ltd. from Try Hard Investments Co., Ltd. on November 19, 2024. For the period ending August 31, 2024, MS.ID Co., Ltd. reported total revenue of ¥3.4 billion, EBIT of ¥461 million and net income of ¥301 million. As of August 31, 2024, MS.ID Co., Ltd. reported total assets of ¥1.79 billion and total common equity of ¥1.17 billion. The expected completion of the transaction is December 25, 2024.분석 기사 • Nov 01Morito (TSE:9837) Is Due To Pay A Dividend Of ¥29.00The board of Morito Co., Ltd. ( TSE:9837 ) has announced that it will pay a dividend of ¥29.00 per share on the 28th of...공시 • Nov 01Morito Co., Ltd. to Report Fiscal Year 2024 Results on Jan 14, 2025Morito Co., Ltd. announced that they will report fiscal year 2024 results on Jan 14, 2025Reported Earnings • Oct 13Third quarter 2024 earnings released: EPS: JP¥19.89 (vs JP¥15.76 in 3Q 2023)Third quarter 2024 results: EPS: JP¥19.89 (up from JP¥15.76 in 3Q 2023). Revenue: JP¥11.9b (up 4.1% from 3Q 2023). Net income: JP¥526.1m (up 25% from 3Q 2023). Profit margin: 4.4% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 27% per year.분석 기사 • Oct 12Morito (TSE:9837) Is Due To Pay A Dividend Of ¥29.00Morito Co., Ltd. ( TSE:9837 ) will pay a dividend of ¥29.00 on the 28th of February. This takes the dividend yield to...공시 • Oct 12Morito Co., Ltd. Provides Dividend Guidance for the Fiscal Year 2024Morito Co., Ltd. provided dividend guidance of JPY 29.00 per share for the fiscal year 2024 against JPY 28.00 per share for the previous period.분석 기사 • Sep 20Morito (TSE:9837) Has Announced A Dividend Of ¥29.00Morito Co., Ltd.'s ( TSE:9837 ) investors are due to receive a payment of ¥29.00 per share on 28th of February. This...분석 기사 • Aug 19Morito (TSE:9837) Has Announced A Dividend Of ¥29.00Morito Co., Ltd.'s ( TSE:9837 ) investors are due to receive a payment of ¥29.00 per share on 28th of February. This...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥1,172, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 112% over the past three years.공시 • Jul 30Morito Co., Ltd. to Report Q3, 2024 Results on Oct 11, 2024Morito Co., Ltd. announced that they will report Q3, 2024 results on Oct 11, 2024분석 기사 • Jul 29Morito's (TSE:9837) Dividend Will Be ¥29.00Morito Co., Ltd. ( TSE:9837 ) will pay a dividend of ¥29.00 on the 28th of February. This makes the dividend yield...분석 기사 • Jul 15Morito (TSE:9837) Has Announced A Dividend Of ¥29.00Morito Co., Ltd.'s ( TSE:9837 ) investors are due to receive a payment of ¥29.00 per share on 28th of February. This...Declared Dividend • Jul 15First half dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 28th November 2024 Payment date: 28th February 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 14Second quarter 2024 earnings released: EPS: JP¥31.19 (vs JP¥29.60 in 2Q 2023)Second quarter 2024 results: EPS: JP¥31.19 (up from JP¥29.60 in 2Q 2023). Revenue: JP¥12.0b (down 2.7% from 2Q 2023). Net income: JP¥829.0m (up 4.7% from 2Q 2023). Profit margin: 6.9% (up from 6.4% in 2Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.공시 • Jul 12Morito Co., Ltd. Announces Second Quarter-End Dividend for the Period Ending May 31, 2024, Payable on August 8, 2024Morito Co., Ltd. announced second quarter-end dividend for the period ending May 31, 2024. For the period, the company announced second quarter-end dividend of JPY 29.00 per share against JPY 27.00 per share a year ago. Dividend payable date is August 8, 2024.Upcoming Dividend • May 23Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 08 August 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.7%).공시 • Apr 29Morito Co., Ltd. to Report Q2, 2024 Results on Jul 12, 2024Morito Co., Ltd. announced that they will report Q2, 2024 results on Jul 12, 2024분석 기사 • Apr 25Morito (TSE:9837) Has Announced That It Will Be Increasing Its Dividend To ¥29.00Morito Co., Ltd. ( TSE:9837 ) has announced that it will be increasing its dividend from last year's comparable payment...Reported Earnings • Apr 14First quarter 2024 earnings released: EPS: JP¥21.22 (vs JP¥19.30 in 1Q 2023)First quarter 2024 results: EPS: JP¥21.22 (up from JP¥19.30 in 1Q 2023). Revenue: JP¥11.7b (flat on 1Q 2023). Net income: JP¥564.0m (up 9.3% from 1Q 2023). Profit margin: 4.8% (up from 4.4% in 1Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 36% per year.분석 기사 • Apr 05Morito (TSE:9837) Has Announced That It Will Be Increasing Its Dividend To ¥29.00The board of Morito Co., Ltd. ( TSE:9837 ) has announced that it will be paying its dividend of ¥29.00 on the 8th of...분석 기사 • Mar 04Morito's (TSE:9837) Dividend Will Be Increased To ¥29.00The board of Morito Co., Ltd. ( TSE:9837 ) has announced that it will be paying its dividend of ¥29.00 on the 8th of...Declared Dividend • Mar 04Final dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 30th May 2024 Payment date: 8th August 2024 Dividend yield will be 4.0%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 28Morito Co., Ltd. (TSE:9837) announces an Equity Buyback for 500,000 shares, representing 1.85% for ¥800 million.Morito Co., Ltd. (TSE:9837) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.85% of its issued share capital (excluding treasury stock) for ¥800 million. The company will repurchase its shares as a part of flexible capital policy implementation and shareholder return measures in response to changes in the business environment. The share repurchase program will run until January 14, 2025. As of January 31, 2024, the company had 27,098,826 shares outstanding (excluding treasury shares) and 2,901,174 shares in treasury.공시 • Jan 28Morito Co., Ltd. to Report Q1, 2024 Results on Apr 12, 2024Morito Co., Ltd. announced that they will report Q1, 2024 results on Apr 12, 2024Reported Earnings • Jan 14Full year 2023 earnings: EPS in line with expectations, revenues disappointFull year 2023 results: EPS: JP¥83.01 (up from JP¥62.23 in FY 2022). Revenue: JP¥48.5b (flat on FY 2022). Net income: JP¥2.22b (up 32% from FY 2022). Profit margin: 4.6% (up from 3.5% in FY 2022). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.공시 • Jan 12+ 2 more updatesMorito Co., Ltd., Annual General Meeting, Feb 28, 2024Morito Co., Ltd., Annual General Meeting, Feb 28, 2024.Upcoming Dividend • Nov 22Upcoming dividend of JP¥28.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 29 November 2023. Payment date: 27 February 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.8%).공시 • Nov 01Morito Co., Ltd. to Report Fiscal Year 2023 Results on Jan 12, 2024Morito Co., Ltd. announced that they will report fiscal year 2023 results on Jan 12, 2024Reported Earnings • Oct 15Third quarter 2023 earnings released: EPS: JP¥15.76 (vs JP¥13.57 in 3Q 2022)Third quarter 2023 results: EPS: JP¥15.76 (up from JP¥13.57 in 3Q 2022). Revenue: JP¥11.4b (down 4.7% from 3Q 2022). Net income: JP¥421.0m (up 16% from 3Q 2022). Profit margin: 3.7% (up from 3.0% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.공시 • Oct 14Morito Co., Ltd. Provides Earnings Guidance for the Full Year November 2023Morito Co., Ltd. provided earnings guidance for the full year November 2023. The company expected net sales to be JPY 50,000 million, operating profit to be JPY 2,400 million, profit attributable to owners of parent to be JPY 2,200 million or JPY 82.29 per basic share.New Risk • Aug 06New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.0% increase in shares outstanding).공시 • Aug 04Morito Co., Ltd. to Report Q3, 2023 Results on Oct 13, 2023Morito Co., Ltd. announced that they will report Q3, 2023 results on Oct 13, 2023Reported Earnings • Jul 15Second quarter 2023 earnings released: EPS: JP¥29.60 (vs JP¥15.96 in 2Q 2022)Second quarter 2023 results: EPS: JP¥29.60 (up from JP¥15.96 in 2Q 2022). Revenue: JP¥12.3b (up 6.0% from 2Q 2022). Net income: JP¥792.0m (up 84% from 2Q 2022). Profit margin: 6.4% (up from 3.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.공시 • Jul 13+ 1 more updateMorito Co., Ltd. Declares Dividend for the second quarter, Payable on August 8, 2023; Provides Dividend Guidance for the Fiscal end November 2023Morito Co., Ltd. Declares Dividend for the second quarter, Payable on August 8, 2023; Provides Dividend Guidance for the Fiscal end November 2023. For the period, company declares dividend of JPY 27.00 against JPY 13.50, payable on Feb. 27, 2023.For the fiscal year end November 2023, the company expects to pay JPY 27.00.Upcoming Dividend • May 23Upcoming dividend of JP¥27.00 per share at 5.0% yieldEligible shareholders must have bought the stock before 30 May 2023. Payment date: 09 August 2023. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.8%).Reported Earnings • Apr 15First quarter 2023 earnings released: EPS: JP¥19.30 (vs JP¥16.52 in 1Q 2022)First quarter 2023 results: EPS: JP¥19.30 (up from JP¥16.52 in 1Q 2022). Revenue: JP¥11.8b (up 2.1% from 1Q 2022). Net income: JP¥516.0m (up 15% from 1Q 2022). Profit margin: 4.4% (up from 3.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 04Full year 2022 earnings released: EPS: JP¥62.23 (vs JP¥51.40 in FY 2021)Full year 2022 results: EPS: JP¥62.23 (up from JP¥51.40 in FY 2021). Revenue: JP¥48.5b (up 11% from FY 2021). Net income: JP¥1.67b (up 19% from FY 2021). Profit margin: 3.5% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.공시 • Feb 01Morito Co., Ltd. to Report Q1, 2023 Results on Apr 13, 2023Morito Co., Ltd. announced that they will report Q1, 2023 results on Apr 13, 2023Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improved over the past weekAfter last week's 33% share price gain to JP¥960, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 11x in the Luxury industry in Japan. Total returns to shareholders of 37% over the past three years.Reported Earnings • Jan 14Full year 2022 earnings released: EPS: JP¥62.23 (vs JP¥51.40 in FY 2021)Full year 2022 results: EPS: JP¥62.23 (up from JP¥51.40 in FY 2021). Revenue: JP¥48.5b (up 11% from FY 2021). Net income: JP¥1.67b (up 19% from FY 2021). Profit margin: 3.5% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공시 • Jan 14+ 1 more updateMorito Co., Ltd. Provides Earnings Guidance for the Full Year Nov. 2023Morito Co., Ltd. provides earnings guidance for the full year Nov. 2023. The company expects net sales to be JPY 50,000 million, Operating profit to be JPY 2,300 million, profit attributable to owners of parent to be JPY 1,800 million or JPY 67.40 per basic share.공시 • Jan 13Morito Co., Ltd., Annual General Meeting, Feb 24, 2023Morito Co., Ltd., Annual General Meeting, Feb 24, 2023.Upcoming Dividend • Nov 22Upcoming dividend of JP¥15.50 per shareEligible shareholders must have bought the stock before 29 November 2022. Payment date: 28 February 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%).Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director Motoo Matsuzawa was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Nov 02Morito Co., Ltd. to Report Fiscal Year 2022 Results on Jan 13, 2023Morito Co., Ltd. announced that they will report fiscal year 2022 results on Jan 13, 2023Reported Earnings • Oct 17Third quarter 2022 earnings released: EPS: JP¥13.57 (vs JP¥8.18 in 3Q 2021)Third quarter 2022 results: EPS: JP¥13.57 (up from JP¥8.18 in 3Q 2021). Revenue: JP¥12.0b (up 13% from 3Q 2021). Net income: JP¥363.0m (up 62% from 3Q 2021). Profit margin: 3.0% (up from 2.1% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • Jul 31Morito Co., Ltd. to Report Q3, 2022 Results on Oct 14, 2022Morito Co., Ltd. announced that they will report Q3, 2022 results on Oct 14, 2022Reported Earnings • Jul 15Second quarter 2022 earnings released: EPS: JP¥15.96 (vs JP¥8.95 in 2Q 2021)Second quarter 2022 results: EPS: JP¥15.96 (up from JP¥8.95 in 2Q 2021). Revenue: JP¥11.6b (up 9.9% from 2Q 2021). Net income: JP¥430.0m (up 76% from 2Q 2021). Profit margin: 3.7% (up from 2.3% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • Jul 14+ 2 more updatesMorito Co., Ltd. Provides Dividend Guidance for the Year Ending November 2022Morito Co., Ltd. provided dividend guidance for the year ending November 2022. For the year, the company expects to pay JPY 15.50 per share compared to JPY 17.00 an year ago.Upcoming Dividend • May 23Upcoming dividend of JP¥13.50 per shareEligible shareholders must have bought the stock before 30 May 2022. Payment date: 08 August 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.2%).공시 • May 04Morito Co., Ltd. to Report Q2, 2022 Results on Jul 14, 2022Morito Co., Ltd. announced that they will report Q2, 2022 results on Jul 14, 2022Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Executive Officer, GM of Apparel Component & Director Hiroyoshi Mori was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.매출 및 비용 세부 내역Morito가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:9837 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비28 Feb 2661,3872,97614,255030 Nov 2556,8672,91613,134031 Aug 2553,5073,66612,586031 May 2550,5933,53811,614028 Feb 2548,9552,60910,959030 Nov 2448,5372,57210,766031 Aug 2448,6032,40710,687031 May 2448,1302,30210,506029 Feb 2448,4692,26510,395030 Nov 2348,5292,21710,293031 Aug 2348,8572,16110,153031 May 2349,4192,10310,087028 Feb 2348,7211,74110,011030 Nov 2248,4781,6749,846031 Aug 2247,0061,8929,652031 May 2245,6181,7539,551028 Feb 2244,5681,5689,398030 Nov 2143,6361,4079,271031 Aug 2142,5871,0609,015031 May 2140,7548498,809028 Feb 2140,1855898,901030 Nov 2040,7274709,178031 Aug 2041,7525789,624031 May 2044,7831,03410,125029 Feb 2046,0131,36110,256030 Nov 1945,9871,40210,359031 Aug 1946,2201,46610,464031 May 1945,4231,21810,293028 Feb 1945,0061,23210,105030 Nov 1843,9431,2579,752031 Aug 1843,1867069,440031 May 1842,2536499,197028 Feb 1841,8933,3639,222030 Nov 1741,3883,3059,135031 Aug 1740,9674,0649,066031 May 1739,8114,0438,870028 Feb 1739,6441,2448,695030 Nov 1640,0861,1818,713031 Aug 1640,1611,1338,675031 May 1642,2071,2718,986029 Feb 1643,0251,1969,020030 Nov 1543,2931,4329,026031 Aug 1542,3261,0278,811031 May 1540,0911,1868,3910양질의 수익: 9837는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 9837의 현재 순 이익률 (4.8%)은 지난해 (5.3%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 9837의 수익은 지난 5년 동안 연평균 23.1%로 크게 증가했습니다.성장 가속화: 지난 1년간 9837 의 수익 증가율(14.1%)은 5년 평균(연간 23.1%)보다 낮습니다.수익 대 산업: 9837의 지난 1년 수익 증가율(14.1%)은 Luxury 업계 평균(16.3%)을 능가하지 못했습니다.자기자본이익률높은 ROE: 9837의 자본 수익률(7.3%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-durables 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/23 22:03종가2026/05/22 00:00수익2026/02/28연간 수익2025/11/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Morito Co., Ltd.는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jiro KojimaDaiwa Securities Co. Ltd.Yumiko KaiIchiyoshi Research Institute Inc.Kenji SakaiMizuho Securities Co., Ltd.
Reported Earnings • Apr 15First quarter 2026 earnings released: EPS: JP¥25.96 (vs JP¥22.94 in 1Q 2025)First quarter 2026 results: EPS: JP¥25.96 (up from JP¥22.94 in 1Q 2025). Revenue: JP¥16.7b (up 37% from 1Q 2025). Net income: JP¥660.0m (up 9.8% from 1Q 2025). Profit margin: 4.0% (down from 4.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year.
공시 • Apr 07Morito Co., Ltd. to Report Q1, 2026 Results on Apr 14, 2026Morito Co., Ltd. announced that they will report Q1, 2026 results on Apr 14, 2026
분석 기사 • Jan 22Concerns Surrounding Morito's (TSE:9837) PerformanceMorito Co., Ltd.'s ( TSE:9837 ) robust recent earnings didn't do much to move the stock. We believe that shareholders...
Reported Earnings • Jan 15Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥112 (up from JP¥97.12 in FY 2024). Revenue: JP¥56.9b (up 17% from FY 2024). Net income: JP¥2.92b (up 13% from FY 2024). Profit margin: 5.1% (down from 5.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 22% per year.
공시 • Nov 07Morito Co., Ltd. to Report Fiscal Year 2025 Results on Jan 14, 2026Morito Co., Ltd. announced that they will report fiscal year 2025 results on Jan 14, 2026
Reported Earnings • Oct 11Third quarter 2025 earnings released: EPS: JP¥25.04 (vs JP¥19.89 in 3Q 2024)Third quarter 2025 results: EPS: JP¥25.04 (up from JP¥19.89 in 3Q 2024). Revenue: JP¥14.8b (up 25% from 3Q 2024). Net income: JP¥654.0m (up 24% from 3Q 2024). Profit margin: 4.4% (in line with 3Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year.
Upcoming Dividend • May 21Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 28 May 2026. Payment date: 07 August 2026. Payout ratio is a comfortable 61% and the cash payout ratio is 91%. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).
Buy Or Sell Opportunity • Apr 17Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 9.9% to JP¥1,934. The fair value is estimated to be JP¥1,598, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 7.9% in 2 years. Earnings are forecast to decline by 6.6% in the next 2 years.
Reported Earnings • Apr 15First quarter 2026 earnings released: EPS: JP¥25.96 (vs JP¥22.94 in 1Q 2025)First quarter 2026 results: EPS: JP¥25.96 (up from JP¥22.94 in 1Q 2025). Revenue: JP¥16.7b (up 37% from 1Q 2025). Net income: JP¥660.0m (up 9.8% from 1Q 2025). Profit margin: 4.0% (down from 4.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year.
공시 • Apr 07Morito Co., Ltd. to Report Q1, 2026 Results on Apr 14, 2026Morito Co., Ltd. announced that they will report Q1, 2026 results on Apr 14, 2026
Declared Dividend • Mar 21Final dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 28th May 2026 Payment date: 7th August 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.
분석 기사 • Jan 22Concerns Surrounding Morito's (TSE:9837) PerformanceMorito Co., Ltd.'s ( TSE:9837 ) robust recent earnings didn't do much to move the stock. We believe that shareholders...
Reported Earnings • Jan 15Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥112 (up from JP¥97.12 in FY 2024). Revenue: JP¥56.9b (up 17% from FY 2024). Net income: JP¥2.92b (up 13% from FY 2024). Profit margin: 5.1% (down from 5.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 22% per year.
공시 • Jan 14+ 4 more updatesMorito Co., Ltd., Annual General Meeting, Feb 26, 2026Morito Co., Ltd., Annual General Meeting, Feb 26, 2026.
분석 기사 • Nov 26Morito (TSE:9837) Is Paying Out A Larger Dividend Than Last YearMorito Co., Ltd. ( TSE:9837 ) has announced that it will be increasing its dividend from last year's comparable payment...
Upcoming Dividend • Nov 20Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 27 November 2025. Payment date: 02 March 2026. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%).
분석 기사 • Nov 07Morito (TSE:9837) Has Announced That It Will Be Increasing Its Dividend To ¥36.00Morito Co., Ltd.'s ( TSE:9837 ) dividend will be increasing from last year's payment of the same period to ¥36.00 on...
공시 • Nov 07Morito Co., Ltd. to Report Fiscal Year 2025 Results on Jan 14, 2026Morito Co., Ltd. announced that they will report fiscal year 2025 results on Jan 14, 2026
Reported Earnings • Oct 11Third quarter 2025 earnings released: EPS: JP¥25.04 (vs JP¥19.89 in 3Q 2024)Third quarter 2025 results: EPS: JP¥25.04 (up from JP¥19.89 in 3Q 2024). Revenue: JP¥14.8b (up 25% from 3Q 2024). Net income: JP¥654.0m (up 24% from 3Q 2024). Profit margin: 4.4% (in line with 3Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year.
분석 기사 • Aug 11Morito's (TSE:9837) Upcoming Dividend Will Be Larger Than Last Year'sMorito Co., Ltd. ( TSE:9837 ) has announced that it will be increasing its dividend from last year's comparable payment...
Declared Dividend • Aug 08First half dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 27th November 2025 Payment date: 2nd March 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 37% over the next 3 years. However, it would need to fall by 45% to increase the payout ratio to a potentially unsustainable range.
공시 • Jul 31Morito Co., Ltd. to Report Q3, 2025 Results on Oct 10, 2025Morito Co., Ltd. announced that they will report Q3, 2025 results on Oct 10, 2025
분석 기사 • Jul 23Morito's (TSE:9837) Solid Profits Have Weak FundamentalsUnsurprisingly, Morito Co., Ltd.'s ( TSE:9837 ) stock price was strong on the back of its healthy earnings report...
Reported Earnings • Jul 14Second quarter 2025 earnings released: EPS: JP¥67.08 (vs JP¥31.20 in 2Q 2024)Second quarter 2025 results: EPS: JP¥67.08 (up from JP¥31.20 in 2Q 2024). Revenue: JP¥13.6b (up 14% from 2Q 2024). Net income: JP¥1.76b (up 112% from 2Q 2024). Profit margin: 13% (up from 6.9% in 2Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 26% per year.
공시 • Jul 13+ 1 more updateMorito Co., Ltd. Revises Dividend Guidance for the Fiscal Year Ending November 30, 2025; Announces Second Quarter-End Dividend for the Period Ending May 31, 2025, Payable on August 7, 2025Morito Co., Ltd. revised dividend guidance of JPY 36.00 per share for the fiscal year ending November 30, 2025 against JPY 34.00 per share a year ago. The company announced second quarter-end dividend for the period ending May 31, 2025. For the period, the company announced second quarter-end dividend of JPY 33.00 per share against JPY 29.00 per share a year ago. Dividend payable date is August 7, 2025.
Upcoming Dividend • May 22Upcoming dividend of JP¥33.00 per shareEligible shareholders must have bought the stock before 29 May 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.8%).
분석 기사 • May 02Morito (TSE:9837) Is Due To Pay A Dividend Of ¥33.00Morito Co., Ltd. ( TSE:9837 ) has announced that it will pay a dividend of ¥33.00 per share on the 8th of August. This...
공시 • May 01Morito Co., Ltd. to Report Q2, 2025 Results on Jul 11, 2025Morito Co., Ltd. announced that they will report Q2, 2025 results on Jul 11, 2025
Reported Earnings • Apr 12First quarter 2025 earnings released: EPS: JP¥22.93 (vs JP¥21.22 in 1Q 2024)First quarter 2025 results: EPS: JP¥22.93 (up from JP¥21.22 in 1Q 2024). Revenue: JP¥12.2b (up 3.6% from 1Q 2024). Net income: JP¥601.0m (up 6.6% from 1Q 2024). Profit margin: 4.9% (up from 4.8% in 1Q 2024). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year.
분석 기사 • Apr 12Morito (TSE:9837) Is Due To Pay A Dividend Of ¥33.00The board of Morito Co., Ltd. ( TSE:9837 ) has announced that it will pay a dividend on the 8th of August, with...
공시 • Apr 11Morito Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending November 30, 2025Morito Co., Ltd. revised consolidated earnings guidance for the fiscal Year Ending November 30, 2025. For the year, the company now expects Net Sales to be JPY 56,000 million as compared to JPY 53,000 million previously, operating profit to be JPY 3,200 million as compared to JPY 3,100 million previously, profit attributable to owners of the parent to be JPY 2,800 million as compared to JPY 2,700 million previously, basic earnings per share to be JPY 104.82 as compared to 102.82 previously. Reason for revision: As announced in "Notice of Acquisition of Shares of Mitsuboshi Corporation released on January 24, 2025, the Company acquired shares of Mitsuboshi Corporation and made it a consolidated subsidiary. The Company has revised its financial results forecast upward as the financial results are expected to reach the figures mentioned above as a result of adding net sales and profit that are forecast to be generated by the business activities of Mitsuboshi Corporation by the end of the fiscal year ending November 30, 2025.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,276, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Luxury industry in Japan. Total returns to shareholders of 94% over the past three years.
분석 기사 • Mar 08Morito's (TSE:9837) Dividend Will Be ¥33.00Morito Co., Ltd. ( TSE:9837 ) will pay a dividend of ¥33.00 on the 8th of August. This makes the dividend yield 4.4...
Declared Dividend • Mar 08Final dividend of JP¥33.00 announcedShareholders will receive a dividend of JP¥33.00. Ex-date: 29th May 2025 Payment date: 8th August 2025 Dividend yield will be 4.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 9.8% over the next 3 years. However, it would need to fall by 30% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Mar 04Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥97.12 (up from JP¥83.01 in FY 2023). Revenue: JP¥48.5b (flat on FY 2023). Net income: JP¥2.57b (up 16% from FY 2023). Profit margin: 5.3% (up from 4.6% in FY 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 4.2%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Mar 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
공시 • Feb 05Morito Co., Ltd. to Report Q1, 2025 Results on Apr 11, 2025Morito Co., Ltd. announced that they will report Q1, 2025 results on Apr 11, 2025
분석 기사 • Jan 21Morito's (TSE:9837) Shareholders May Want To Dig Deeper Than Statutory ProfitFollowing the solid earnings report from Morito Co., Ltd. ( TSE:9837 ), the market responded by bidding up the stock...
Reported Earnings • Jan 15Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥97.12 (up from JP¥83.01 in FY 2023). Revenue: JP¥48.5b (flat on FY 2023). Net income: JP¥2.57b (up 16% from FY 2023). Profit margin: 5.3% (up from 4.6% in FY 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 4.2%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Jan 14+ 1 more updateMorito Co., Ltd., Annual General Meeting, Feb 27, 2025Morito Co., Ltd., Annual General Meeting, Feb 27, 2025.
분석 기사 • Nov 22Morito (TSE:9837) Will Pay A Larger Dividend Than Last Year At ¥34.00Morito Co., Ltd. ( TSE:9837 ) will increase its dividend from last year's comparable payment on the 28th of February to...
Upcoming Dividend • Nov 21Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 28 November 2024. Payment date: 28 February 2025. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).
공시 • Nov 20Morito Co., Ltd. (TSE:9837) signed a letter of intent to acquire MS.ID Co., Ltd. from Try Hard Investments Co., Ltd.Morito Co., Ltd. (TSE:9837) signed a letter of intent to acquire MS.ID Co., Ltd. from Try Hard Investments Co., Ltd. on November 19, 2024. For the period ending August 31, 2024, MS.ID Co., Ltd. reported total revenue of ¥3.4 billion, EBIT of ¥461 million and net income of ¥301 million. As of August 31, 2024, MS.ID Co., Ltd. reported total assets of ¥1.79 billion and total common equity of ¥1.17 billion. The expected completion of the transaction is December 25, 2024.
분석 기사 • Nov 01Morito (TSE:9837) Is Due To Pay A Dividend Of ¥29.00The board of Morito Co., Ltd. ( TSE:9837 ) has announced that it will pay a dividend of ¥29.00 per share on the 28th of...
공시 • Nov 01Morito Co., Ltd. to Report Fiscal Year 2024 Results on Jan 14, 2025Morito Co., Ltd. announced that they will report fiscal year 2024 results on Jan 14, 2025
Reported Earnings • Oct 13Third quarter 2024 earnings released: EPS: JP¥19.89 (vs JP¥15.76 in 3Q 2023)Third quarter 2024 results: EPS: JP¥19.89 (up from JP¥15.76 in 3Q 2023). Revenue: JP¥11.9b (up 4.1% from 3Q 2023). Net income: JP¥526.1m (up 25% from 3Q 2023). Profit margin: 4.4% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 27% per year.
분석 기사 • Oct 12Morito (TSE:9837) Is Due To Pay A Dividend Of ¥29.00Morito Co., Ltd. ( TSE:9837 ) will pay a dividend of ¥29.00 on the 28th of February. This takes the dividend yield to...
공시 • Oct 12Morito Co., Ltd. Provides Dividend Guidance for the Fiscal Year 2024Morito Co., Ltd. provided dividend guidance of JPY 29.00 per share for the fiscal year 2024 against JPY 28.00 per share for the previous period.
분석 기사 • Sep 20Morito (TSE:9837) Has Announced A Dividend Of ¥29.00Morito Co., Ltd.'s ( TSE:9837 ) investors are due to receive a payment of ¥29.00 per share on 28th of February. This...
분석 기사 • Aug 19Morito (TSE:9837) Has Announced A Dividend Of ¥29.00Morito Co., Ltd.'s ( TSE:9837 ) investors are due to receive a payment of ¥29.00 per share on 28th of February. This...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥1,172, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 112% over the past three years.
공시 • Jul 30Morito Co., Ltd. to Report Q3, 2024 Results on Oct 11, 2024Morito Co., Ltd. announced that they will report Q3, 2024 results on Oct 11, 2024
분석 기사 • Jul 29Morito's (TSE:9837) Dividend Will Be ¥29.00Morito Co., Ltd. ( TSE:9837 ) will pay a dividend of ¥29.00 on the 28th of February. This makes the dividend yield...
분석 기사 • Jul 15Morito (TSE:9837) Has Announced A Dividend Of ¥29.00Morito Co., Ltd.'s ( TSE:9837 ) investors are due to receive a payment of ¥29.00 per share on 28th of February. This...
Declared Dividend • Jul 15First half dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 28th November 2024 Payment date: 28th February 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 14Second quarter 2024 earnings released: EPS: JP¥31.19 (vs JP¥29.60 in 2Q 2023)Second quarter 2024 results: EPS: JP¥31.19 (up from JP¥29.60 in 2Q 2023). Revenue: JP¥12.0b (down 2.7% from 2Q 2023). Net income: JP¥829.0m (up 4.7% from 2Q 2023). Profit margin: 6.9% (up from 6.4% in 2Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Jul 12Morito Co., Ltd. Announces Second Quarter-End Dividend for the Period Ending May 31, 2024, Payable on August 8, 2024Morito Co., Ltd. announced second quarter-end dividend for the period ending May 31, 2024. For the period, the company announced second quarter-end dividend of JPY 29.00 per share against JPY 27.00 per share a year ago. Dividend payable date is August 8, 2024.
Upcoming Dividend • May 23Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 08 August 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.7%).
공시 • Apr 29Morito Co., Ltd. to Report Q2, 2024 Results on Jul 12, 2024Morito Co., Ltd. announced that they will report Q2, 2024 results on Jul 12, 2024
분석 기사 • Apr 25Morito (TSE:9837) Has Announced That It Will Be Increasing Its Dividend To ¥29.00Morito Co., Ltd. ( TSE:9837 ) has announced that it will be increasing its dividend from last year's comparable payment...
Reported Earnings • Apr 14First quarter 2024 earnings released: EPS: JP¥21.22 (vs JP¥19.30 in 1Q 2023)First quarter 2024 results: EPS: JP¥21.22 (up from JP¥19.30 in 1Q 2023). Revenue: JP¥11.7b (flat on 1Q 2023). Net income: JP¥564.0m (up 9.3% from 1Q 2023). Profit margin: 4.8% (up from 4.4% in 1Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 36% per year.
분석 기사 • Apr 05Morito (TSE:9837) Has Announced That It Will Be Increasing Its Dividend To ¥29.00The board of Morito Co., Ltd. ( TSE:9837 ) has announced that it will be paying its dividend of ¥29.00 on the 8th of...
분석 기사 • Mar 04Morito's (TSE:9837) Dividend Will Be Increased To ¥29.00The board of Morito Co., Ltd. ( TSE:9837 ) has announced that it will be paying its dividend of ¥29.00 on the 8th of...
Declared Dividend • Mar 04Final dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 30th May 2024 Payment date: 8th August 2024 Dividend yield will be 4.0%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 28Morito Co., Ltd. (TSE:9837) announces an Equity Buyback for 500,000 shares, representing 1.85% for ¥800 million.Morito Co., Ltd. (TSE:9837) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.85% of its issued share capital (excluding treasury stock) for ¥800 million. The company will repurchase its shares as a part of flexible capital policy implementation and shareholder return measures in response to changes in the business environment. The share repurchase program will run until January 14, 2025. As of January 31, 2024, the company had 27,098,826 shares outstanding (excluding treasury shares) and 2,901,174 shares in treasury.
공시 • Jan 28Morito Co., Ltd. to Report Q1, 2024 Results on Apr 12, 2024Morito Co., Ltd. announced that they will report Q1, 2024 results on Apr 12, 2024
Reported Earnings • Jan 14Full year 2023 earnings: EPS in line with expectations, revenues disappointFull year 2023 results: EPS: JP¥83.01 (up from JP¥62.23 in FY 2022). Revenue: JP¥48.5b (flat on FY 2022). Net income: JP¥2.22b (up 32% from FY 2022). Profit margin: 4.6% (up from 3.5% in FY 2022). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
공시 • Jan 12+ 2 more updatesMorito Co., Ltd., Annual General Meeting, Feb 28, 2024Morito Co., Ltd., Annual General Meeting, Feb 28, 2024.
Upcoming Dividend • Nov 22Upcoming dividend of JP¥28.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 29 November 2023. Payment date: 27 February 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.8%).
공시 • Nov 01Morito Co., Ltd. to Report Fiscal Year 2023 Results on Jan 12, 2024Morito Co., Ltd. announced that they will report fiscal year 2023 results on Jan 12, 2024
Reported Earnings • Oct 15Third quarter 2023 earnings released: EPS: JP¥15.76 (vs JP¥13.57 in 3Q 2022)Third quarter 2023 results: EPS: JP¥15.76 (up from JP¥13.57 in 3Q 2022). Revenue: JP¥11.4b (down 4.7% from 3Q 2022). Net income: JP¥421.0m (up 16% from 3Q 2022). Profit margin: 3.7% (up from 3.0% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
공시 • Oct 14Morito Co., Ltd. Provides Earnings Guidance for the Full Year November 2023Morito Co., Ltd. provided earnings guidance for the full year November 2023. The company expected net sales to be JPY 50,000 million, operating profit to be JPY 2,400 million, profit attributable to owners of parent to be JPY 2,200 million or JPY 82.29 per basic share.
New Risk • Aug 06New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.0% increase in shares outstanding).
공시 • Aug 04Morito Co., Ltd. to Report Q3, 2023 Results on Oct 13, 2023Morito Co., Ltd. announced that they will report Q3, 2023 results on Oct 13, 2023
Reported Earnings • Jul 15Second quarter 2023 earnings released: EPS: JP¥29.60 (vs JP¥15.96 in 2Q 2022)Second quarter 2023 results: EPS: JP¥29.60 (up from JP¥15.96 in 2Q 2022). Revenue: JP¥12.3b (up 6.0% from 2Q 2022). Net income: JP¥792.0m (up 84% from 2Q 2022). Profit margin: 6.4% (up from 3.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
공시 • Jul 13+ 1 more updateMorito Co., Ltd. Declares Dividend for the second quarter, Payable on August 8, 2023; Provides Dividend Guidance for the Fiscal end November 2023Morito Co., Ltd. Declares Dividend for the second quarter, Payable on August 8, 2023; Provides Dividend Guidance for the Fiscal end November 2023. For the period, company declares dividend of JPY 27.00 against JPY 13.50, payable on Feb. 27, 2023.For the fiscal year end November 2023, the company expects to pay JPY 27.00.
Upcoming Dividend • May 23Upcoming dividend of JP¥27.00 per share at 5.0% yieldEligible shareholders must have bought the stock before 30 May 2023. Payment date: 09 August 2023. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.8%).
Reported Earnings • Apr 15First quarter 2023 earnings released: EPS: JP¥19.30 (vs JP¥16.52 in 1Q 2022)First quarter 2023 results: EPS: JP¥19.30 (up from JP¥16.52 in 1Q 2022). Revenue: JP¥11.8b (up 2.1% from 1Q 2022). Net income: JP¥516.0m (up 15% from 1Q 2022). Profit margin: 4.4% (up from 3.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 04Full year 2022 earnings released: EPS: JP¥62.23 (vs JP¥51.40 in FY 2021)Full year 2022 results: EPS: JP¥62.23 (up from JP¥51.40 in FY 2021). Revenue: JP¥48.5b (up 11% from FY 2021). Net income: JP¥1.67b (up 19% from FY 2021). Profit margin: 3.5% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
공시 • Feb 01Morito Co., Ltd. to Report Q1, 2023 Results on Apr 13, 2023Morito Co., Ltd. announced that they will report Q1, 2023 results on Apr 13, 2023
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improved over the past weekAfter last week's 33% share price gain to JP¥960, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 11x in the Luxury industry in Japan. Total returns to shareholders of 37% over the past three years.
Reported Earnings • Jan 14Full year 2022 earnings released: EPS: JP¥62.23 (vs JP¥51.40 in FY 2021)Full year 2022 results: EPS: JP¥62.23 (up from JP¥51.40 in FY 2021). Revenue: JP¥48.5b (up 11% from FY 2021). Net income: JP¥1.67b (up 19% from FY 2021). Profit margin: 3.5% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공시 • Jan 14+ 1 more updateMorito Co., Ltd. Provides Earnings Guidance for the Full Year Nov. 2023Morito Co., Ltd. provides earnings guidance for the full year Nov. 2023. The company expects net sales to be JPY 50,000 million, Operating profit to be JPY 2,300 million, profit attributable to owners of parent to be JPY 1,800 million or JPY 67.40 per basic share.
공시 • Jan 13Morito Co., Ltd., Annual General Meeting, Feb 24, 2023Morito Co., Ltd., Annual General Meeting, Feb 24, 2023.
Upcoming Dividend • Nov 22Upcoming dividend of JP¥15.50 per shareEligible shareholders must have bought the stock before 29 November 2022. Payment date: 28 February 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%).
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director Motoo Matsuzawa was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Nov 02Morito Co., Ltd. to Report Fiscal Year 2022 Results on Jan 13, 2023Morito Co., Ltd. announced that they will report fiscal year 2022 results on Jan 13, 2023
Reported Earnings • Oct 17Third quarter 2022 earnings released: EPS: JP¥13.57 (vs JP¥8.18 in 3Q 2021)Third quarter 2022 results: EPS: JP¥13.57 (up from JP¥8.18 in 3Q 2021). Revenue: JP¥12.0b (up 13% from 3Q 2021). Net income: JP¥363.0m (up 62% from 3Q 2021). Profit margin: 3.0% (up from 2.1% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Jul 31Morito Co., Ltd. to Report Q3, 2022 Results on Oct 14, 2022Morito Co., Ltd. announced that they will report Q3, 2022 results on Oct 14, 2022
Reported Earnings • Jul 15Second quarter 2022 earnings released: EPS: JP¥15.96 (vs JP¥8.95 in 2Q 2021)Second quarter 2022 results: EPS: JP¥15.96 (up from JP¥8.95 in 2Q 2021). Revenue: JP¥11.6b (up 9.9% from 2Q 2021). Net income: JP¥430.0m (up 76% from 2Q 2021). Profit margin: 3.7% (up from 2.3% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Jul 14+ 2 more updatesMorito Co., Ltd. Provides Dividend Guidance for the Year Ending November 2022Morito Co., Ltd. provided dividend guidance for the year ending November 2022. For the year, the company expects to pay JPY 15.50 per share compared to JPY 17.00 an year ago.
Upcoming Dividend • May 23Upcoming dividend of JP¥13.50 per shareEligible shareholders must have bought the stock before 30 May 2022. Payment date: 08 August 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.2%).
공시 • May 04Morito Co., Ltd. to Report Q2, 2022 Results on Jul 14, 2022Morito Co., Ltd. announced that they will report Q2, 2022 results on Jul 14, 2022
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Executive Officer, GM of Apparel Component & Director Hiroyoshi Mori was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.