Morito raises dividend, plans significant treasury share cancellation

Morito Co., Ltd. announced a revision to its year-end dividend forecast for the fiscal year ending November 30, 2025, increasing it by JPY 1 per share from the previous forecast to JPY 37. This brings the annual dividend forecast to JPY 70 per share, resulting in a projected consolidated dividend on equity (DOE) ratio of 4.6%. The company's basic dividend policy emphasizes stable, continuous payments, a consolidated DOE of 4.0% as a standard, and a dividend payout ratio of 50% or more.

In a related development, Morito resolved to cancel 3,200,000 shares of its common stock on November 28, 2025. This represents 10.67% of the total shares issued and outstanding before the cancellation. Post-cancellation, the total number of issued and outstanding shares will be 26,800,000.

As of October 31, 2025, Morito held 3,801,709 treasury shares, with 26,198,291 shares issued and outstanding excluding treasury shares. The cancellation will reduce the total number of shares, potentially impacting earnings per share.