MORITO CO., LTD.
Presentation Materials for the Nine
Months of the Fiscal Year Ending
November 30, 2023, Financial Results
Where innovation is the norm
Prime Market of TSE: 9837
October 2023
© 2023 MORITO CO., LTD.
CONTENTS
- Company Profile
- Medium- and Long-term Policy
- 8th Mid-term Management Plan
- FY2023.11 3Q Financial Results
- FY2023.11 3Q Business Overview
- Business Topics
- Shareholder Returns
W here innovation is the norm | © 2023 MORITO CO., LTD. |
01
1
Company Profile
W here innovation is the norm | © 2023 MORITO CO., LTD. |
02
Morito Group Values
Founding Principles
Active and Steadfast
Corporate Principle
DESIGN YOUR BRIGHT FUTURE WITH OUR VARIOUS PARTS.
Corporate Vision
Create Morito's existence value,
Realize "New Morito Group"
W here innovation is the norm | © 2023 MORITO CO., LTD. |
03
Company Profile
- Founded in 1908
- Began operating in Osaka as a broker of eyelets and snap fasteners
- Later expanded operations mainly for sales of MAGIC TAPE® and other clothing accessories, automotive interior components, etc.
- Trading company with manufacturing functions
- A specialized trading company that handles everything from planning and development to manufacturing, wholesale, and distribution
- Operating 19 locations around the world
- Operating three businesses
- Apparel, product, and transportation businesses form the core of our operations
- Ratio of in-house production and procurement is 3:7
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
W here innovation is the norm | © 2023 MORITO CO., LTD. |
04
Operations by Business
Apparel Business
Snap fasteners MAGIC TAPE® | Buttons |
Tape | Eyelets and | In-house |
shoelaces | brands |
Product Business
MAGIC TAPE® Resin parts | Insoles |
Straps | Skateboards, | In-house |
snowboards, and | brands | |
surfboards |
Insoles and shoe care products
Video equipment-related products such as camera and PC cases, braces and supports, safety products, teaching tools and stationery, skateboards, surfboards, etc.
Active sports products
Transportation Business
Snap fasteners MAGIC TAPE® | Nets |
Emblems | Trunk floor | Door armrests |
lining |
Automotive interior components
Railway and Shinkansen interior components Aircraft interior components
(FY2022)
Where innovation is the norm | © 2023 MORITO CO., LTD. |
05
Morito's Strengths
- Lines of business for daily necessities, which are unaffected by trends
Since we deal in parts for things that are vital to people's daily lives, many of our businesses are essentially immune to trends or economic downturns and can continue to operate as usual.
- Stable performance with a diversified portfolio
Operating worldwide with three core businesses focused on apparel, products, and transportation, we have maintained a 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 industry.
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 | © 2023 MORITO CO., LTD. |
06
2
Medium- and Long-term Policy
W here innovation is the norm | © 2023 MORITO CO., LTD. |
07
Past Efforts to Become a "Global Niche Top Company"
Eyelets,
snap MAGIC
fasteners, TAPE® and
shoelaces
Expanding lines of products and range of customer industries
Handling of all | Handling and | |
ranges of apparel | OEM of apparel | |
accessories | products | |
OEM and ODM of | ||
Handling of shoe | products related | |
care products | to health and | |
video devices | ||
Entering the B2C
market
Launch of in- house luxury brand, 52 BY HIKARUMATSU MURA
Launch of in-
house shoe care, support, and bag brands
Strengthening high-value-
added products
Development and
sales ofApparel
environmentallyBusiness friendly products
Development and | Product | |
sales of loT | ||
Business | ||
products | ||
Handling of | Handling of | Handling of | ||||||
Handling of | automotive | Transport | ||||||
automotive | Shinkansen | |||||||
materials for car | interior | ation | ||||||
component | interior | |||||||
mats | components | Business | ||||||
materials | components | |||||||
(lining materials) | ||||||||
Where innovation is the norm | © 2023 MORITO CO., LTD. |
08
Past Efforts to Become a "Global Niche Top Company"
Building global
network
Sales and | Hong Kong, USA, Netherlands, China (Shanghai), Thailand, Myanmar, Mexico |
procurement | |
Manufacturing | China (Shenzhen), USA (Georgia), Vietnam (Da Nang) |
M&A | Scovill (USA), Matex (Japan), Maneuverline (Japan) |
Enhancing profitability
- Establishing a global quality assurance system
- Establishing an in-house logistics center
- Transitioning to a holding company structure
- Splitting operating company, Morito Japan
Strengthening management system
- Diversity and work style reform
- Personnel strategies, including hiring mid-career workers
W here innovation is the norm | © 2023 MORITO CO., LTD. |
09
Attachments
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- Original Document
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Disclaimer
Morito Co. Ltd. published this content on 13 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2023 02:52:40 UTC.