MORITO CO., LTD.
9837・Prime Market・Wholesale Trade
Governance
Company with a board of statutory auditors. The board comprises 5 directors (2 outside, all independent officers) and 3 statutory auditors (2 outside). A voluntary nomination and compensation committee was established in November 2021, operated by 3 members consisting of 2 outside directors and the representative director. The board of directors met 14 times during the year, with all directors attending every meeting. At the ordinary general meeting of shareholders scheduled for February 2026, a change to 4 directors (including 3 outside directors) is planned.
Risk Management
The Compliance Committee, chaired by the Representative Director and President, functions as the integrated risk management body. It conducts annual hearing-based assessments of each division and subsidiary, performs matrix analysis of impact and likelihood, and reports countermeasure results and improvement plans to the Board of Directors twice a year, establishing a PDCA cycle. The committee coordinates with the Sustainability Committee, and a framework has been established for the two committees to jointly address climate change risk.
Shareholder Returns
Stable dividend policy targeting a DOE (consolidated return on equity ratio) of 4.0% and a payout ratio of 50% or more as benchmarks. The annual dividend for FY2026 (ending November 2026) is planned at ¥72 per share (interim ¥36 + year-end ¥36), an increase from ¥70 in the previous fiscal year. Share buybacks are also being conducted (¥1,148 million spent in the current interim period).
Dividend Policy
The basic policy is to achieve stable and continuous dividends, using a consolidated DOE (return on equity ratio) of 4.0% as the benchmark, with a payout ratio of 50% or more of net income attributable to owners of the parent as the benchmark depending on business conditions and other factors. Dividends are paid twice a year as interim and year-end dividends. For FY2026 (ending November 2026), the plan is an interim dividend of ¥36 and a year-end dividend of ¥36, for an annual total of ¥72 (an increase of ¥2 from the previous fiscal year). Share buybacks are also conducted flexibly, with ¥1,148 million spent in the current interim period.
ESG
In response to the TCFD recommendations, the company has identified risks and opportunities for 2030 under both the 4°C and below-1.5°C scenarios. Regarding GHG emissions, it has established a group-wide calculation framework for Scope 1, 2, and 3, and aims to achieve substantially net-zero Scope 1 and 2 emissions toward carbon neutrality by 2050. On the human capital front, the company discloses a female manager ratio of 17.6% (target: 20%) and a paid leave utilization rate of 64.2% (target: 75%), while pursuing multifaceted human capital initiatives including diversity promotion, health management, and a shift toward performance-linked bonuses. It is also engaged in environmentally conscious manufacturing through its sustainable activity initiative, "Rideeco®."
Last updated: February 24, 2026