Morito Co (TSE:9837) Gross Margin %: 30.65% (As of Nov. 2025) — 14% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9837 Morito Co Ltd TSE:9837
88 GF Score
Price 円1,767.00
GF Value 円1,856.90
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Morito Co Gross Margin %?

Morito Co TSE:9837 -0.34% 88 Gross Margin % is 30.65% as of Nov. 2025, which is 14% above its 10-year median of 26.93. GuruFocus rates TSE:9837 with a GF Score™ of 88/100 and a GF Value™ of 円1,856.90 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,112 Retail - Cyclical companies, Morito Co ranks worse than 60.88% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Morito Co's Gross Profit for the six months ended in Nov. 2025 was 円9,519 Mil. Morito Co's Revenue for the six months ended in Nov. 2025 was 円31,062 Mil. Therefore, Morito Co's Gross Margin % for the quarter that ended in Nov. 2025 was 30.65%.


The historical rank and industry rank for Morito Co's Gross Margin % or its related term are showing as below:

TSE:9837' s Gross Margin % Range Over the Past 10 Years
Min: 25.76   Med: 26.93   Max: 30.58
Current: 30.58


During the past 13 years, the highest Gross Margin % of Morito Co was 30.58%. The lowest was 25.76%. And the median was 26.93%.

TSE:9837's Gross Margin % is ranked worse than
60.88% of 1112 companies
in the Retail - Cyclical industry
Industry Median: 36.24 vs TSE:9837: 30.58

Morito Co had a gross margin of 30.65% for the quarter that ended in Nov. 2025 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Morito Co was 3.50% per year.


Morito Co  (TSE:9837) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Morito Co had a gross margin of 30.65% for the quarter that ended in Nov. 2025 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Morito Co Gross Margin % Related Terms


Morito Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Morito Co's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Morito Co Gross Margin % Chart

Morito Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.13 25.76 27.33 29.13 30.58

Morito Co Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.58 29.19 29.07 30.49 30.65

TSE:9837 vs TJX, ROST, BURL: Gross Margin % Comparison

For the Apparel Retail subindustry, Morito Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Morito Co Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Morito Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Morito Co's Gross Margin % falls into.


TSE:9837
88GF Score
Morito Co Ltd TSE:9837
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morito Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Morito Co's Gross Margin for the fiscal year that ended in Nov. 2025 is calculated as

Gross Margin % (A: Nov. 2025 )=Gross Profit (A: Nov. 2025 ) / Revenue (A: Nov. 2025 )
=17387.4 / 56867.188
=(Revenue - Cost of Goods Sold) / Revenue
=(56867.188 - 39479.765) / 56867.188
=30.58 %

Morito Co's Gross Margin for the quarter that ended in Nov. 2025 is calculated as


Gross Margin % (Q: Nov. 2025 )=Gross Profit (Q: Nov. 2025 ) / Revenue (Q: Nov. 2025 )
=9519 / 31061.668
=(Revenue - Cost of Goods Sold) / Revenue
=(31061.668 - 21542.639) / 31061.668
=30.65 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 30.65% mean?
Morito Co (TSE:9837) has a Gross Margin % of 30.65% as of Nov. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Morito Co and its competitors. This is 14% above median its historical median of 26.93. Over the past decade, Morito Co's Gross Margin % has ranged from 25.76 to 30.58. According to the industry distribution chart, Morito Co ranks #677 out of 1112 companies in the Retail - Cyclical industry, placing it in the top 60.9%.
Is Morito Co's Gross Margin % too high?
Morito Co's current Gross Margin % of 30.65% is 14% above median its 10-year median of 26.93. Over the past 10 years, this metric has ranged from a low of 25.76 to a high of 30.58. The Retail - Cyclical industry median Gross Margin % is 36.24. Morito Co's value of 30.65% is 15.4% below this industry median. Based on the distribution chart, Morito Co ranks #677 out of 1112 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Morito Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Morito Co's Gross Margin % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Morito Co ranks #677 out of 1112 companies for Gross Margin %. This places Morito Co in the lower half of its industry. The industry median Gross Margin % is 36.24. Morito Co's value of 30.65% is 15.4% below this benchmark. Historically, Morito Co's own Gross Margin % has ranged from 25.76 to 30.58 over the past decade. While the company's 10-year median is 26.93 vs. the industry median of 36.24, Morito Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.24, based on 1,112 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morito Co's current Gross Margin % of 30.65% is 15.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Morito Co and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morito Co's current Gross Margin % is 30.65%, which is 14% above median its own 10-year median of 26.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morito Co stock overvalued right now?
Based on GuruFocus' analysis, Morito Co (TSE:9837) is currently considered Fairly Valued. The stock's GF Value™ is 円1,856.90, compared to a current price of 円1,767.00 — trading 4.8% below its estimated fair value. The current Gross Margin % is 30.65%, which is 14% above median its 10-year median of 26.93 and 15.4% below the Retail - Cyclical industry median of 36.24. Morito Co's overall GF Score™ is 88/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Morito Co (TSE:9837), the current Gross Margin % is 30.65% as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Morito Co (TSE:9837) Overvalued in 2026?

Based on GuruFocus' analysis, Morito Co stock appears to be undervalued. The current stock price of 円1,767.00 is trading 4.8% below its estimated GF Value™ of 円1,856.90. GuruFocus considers Morito Co to be Fairly Valued.

Key valuation signals for TSE:9837:

  • Gross Margin %: 30.65% (14% above median its 10-year median of 26.93)
  • GF Value™: 円1,856.90 vs. price of 円1,767.00 (4.8% below fair value)
  • GF Score™: 88/100 with 1 warning sign
  • Industry Position: 15.4% below the Retail - Cyclical median (#677 of 1112)

No single metric tells the full story. See the TSE:9837 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morito Co Business Description

Address 1-5-4 Nihonbashi Honcho, Chuo-Ku, Tokyo, JPN, 541-0054
Morito Co Ltd produces and supplies parts such as eyelets, snap fasteners, buckles, tape, and shoe uppers to all sorts of brands. It also designs and produces apparel, bags, and other products. The company supplies a host of products to a wide range of markets, including braces, supports, school supplies, and straps, in addition to footwear-related products such as insoles. It also specializes in supply of parts for automobile, railway, and aircraft interiors.
88GF Score

Get the complete analysis for TSE:9837

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,767.00
Price
円1,856.90
GF Value