Morito : Presentation Materials for the Nine Months of the Fiscal Year Ending November 30, 2023, Financial Results

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

1. Company Profile
2. Medium- and Long-term Policy
3. 8th Mid-term Management Plan
4. FY2023.11 3Q Financial Results
5. FY2023.11 3Q Business Overview
6. Business Topics
7. Shareholder Returns

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© 2023 MORITO CO., LTD.

01

1

Company Profile

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© 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"

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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

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Operations by Business

Apparel Business

Snap fasteners MAGIC TAPE®

Buttons

Tape	Eyelets and	In-house
	shoelaces	brands

Casual wear/shoes Sportswear/shoes Workwear/shoes Medical wear, baby wear Formal wear/shoes, bags

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)

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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.

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06

2

Medium- and Long-term Policy

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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)

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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

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