Morito (TYO:9837) said it has updated its measures to improve management with a focus on cost of capital and share price, according to a Wednesday filing on the Tokyo Stock Exchange.

The company said its price-to-book ratio has risen above 1 and return on equity has steadily improved, but remains below investor expectations. Morito aims to lift ROE to 8% or higher by the end of its current mid-term plan, citing an estimated cost of equity of about 6.4%.

For the year ending November 2026, Morito forecasts consolidated net sales of 63 billion yen, operating profit of 3.5 billion yen and net income of 3.0 billion yen.

The company said it will focus on improving capital efficiency and profitability through post-merger integration.