Morito revises upward FY2025 forecast after Mitsuboshi acquisition

Morito (TSE: 9837) announced an upward revision to its consolidated financial results forecast for the fiscal year ending November 30, 2025, primarily due to the acquisition of Mitsuboshi Corporation, a clothing materials and apparel product management business, as a subsidiary. The revised forecast anticipates net sales to reach JPY 56 billion, up from the previous forecast of JPY 53 billion. Operating profit is now projected at JPY 3.2 billion and ordinary profit at JPY 3.3 billion, representing increases from previous estimates of JPY 3.1 billion and JPY 3.2 billion respectively. Net income attributable to owners of the parent is revised to JPY 2.8 billion. The updated figures include a six-month contribution from Mitsuboshi, scheduled for consolidation in the third quarter of FY2025. While negative goodwill is expected from the acquisition, the amount is still under review.