Buy Or Sell Opportunity • May 27
Now 21% overvalued Over the last 90 days, the stock has fallen 7.5% to JP¥3,805. The fair value is estimated to be JP¥3,143, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 7.5% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Reported Earnings • Apr 11
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥329 (up from JP¥294 in FY 2025). Revenue: JP¥66.8b (up 3.9% from FY 2025). Net income: JP¥5.22b (up 12% from FY 2025). Profit margin: 7.8% (up from 7.2% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 10
Maruzen Co., Ltd., Annual General Meeting, May 27, 2026 Maruzen Co., Ltd., Annual General Meeting, May 27, 2026. Announcement • Apr 03
Maruzen Co., Ltd. to Report Fiscal Year 2026 Results on Apr 10, 2026 Maruzen Co., Ltd. announced that they will report fiscal year 2026 results on Apr 10, 2026 Upcoming Dividend • Feb 19
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Reported Earnings • Jan 10
Third quarter 2026 earnings released: EPS: JP¥77.15 (vs JP¥73.04 in 3Q 2025) Third quarter 2026 results: EPS: JP¥77.15 (up from JP¥73.04 in 3Q 2025). Revenue: JP¥17.2b (up 5.9% from 3Q 2025). Net income: JP¥1.22b (up 6.1% from 3Q 2025). Profit margin: 7.1% (in line with 3Q 2025). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 13
Maruzen Co., Ltd. to Report Q3, 2026 Results on Jan 09, 2026 Maruzen Co., Ltd. announced that they will report Q3, 2026 results on Jan 09, 2026 Reported Earnings • Oct 11
Second quarter 2026 earnings released: EPS: JP¥74.97 (vs JP¥69.32 in 2Q 2025) Second quarter 2026 results: EPS: JP¥74.97 (up from JP¥69.32 in 2Q 2025). Revenue: JP¥16.8b (up 4.1% from 2Q 2025). Net income: JP¥1.19b (up 8.6% from 2Q 2025). Profit margin: 7.1% (up from 6.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 14
Maruzen Co., Ltd. to Report Q2, 2026 Results on Oct 10, 2025 Maruzen Co., Ltd. announced that they will report Q2, 2026 results on Oct 10, 2025 Upcoming Dividend • Aug 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 05 November 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Reported Earnings • Jul 14
First quarter 2026 earnings released: EPS: JP¥87.70 (vs JP¥83.53 in 1Q 2025) First quarter 2026 results: EPS: JP¥87.70 (up from JP¥83.53 in 1Q 2025). Revenue: JP¥16.6b (up 3.2% from 1Q 2025). Net income: JP¥1.39b (up 5.4% from 1Q 2025). Profit margin: 8.3% (up from 8.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 24% per year. Announcement • Jun 17
Maruzen Co., Ltd. to Report Q1, 2026 Results on Jul 11, 2025 Maruzen Co., Ltd. announced that they will report Q1, 2026 results on Jul 11, 2025 Reported Earnings • Jun 04
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥294 (up from JP¥230 in FY 2024). Revenue: JP¥64.3b (up 6.0% from FY 2024). Net income: JP¥4.65b (up 25% from FY 2024). Profit margin: 7.2% (up from 6.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 12
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥294 (up from JP¥230 in FY 2024). Revenue: JP¥64.3b (up 6.0% from FY 2024). Net income: JP¥4.65b (up 25% from FY 2024). Profit margin: 7.2% (up from 6.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 24% per year. Announcement • Apr 11
Maruzen Co., Ltd., Annual General Meeting, May 28, 2025 Maruzen Co., Ltd., Annual General Meeting, May 28, 2025. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.3%). Announcement • Jan 29
Maruzen Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2025 Maruzen Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2025 Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥73.04 (vs JP¥67.05 in 3Q 2024) Third quarter 2025 results: EPS: JP¥73.04 (up from JP¥67.05 in 3Q 2024). Revenue: JP¥16.2b (up 7.9% from 3Q 2024). Net income: JP¥1.15b (up 6.8% from 3Q 2024). Profit margin: 7.1% (down from 7.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. Announcement • Jan 10
Starzen Co., Ltd. Announces Appointment of Tatsuya Karasawa as President of Maruzen Co., Ltd, Effective April 1, 2025 Starzen Co., Ltd. announced new position of Tatsuya Karasawa as President of Maruzen Co., Ltd. from Executive Officer, General Manager of Production Division of the company, effective as of April 1, 2025. Announcement • Dec 14
Maruzen Co., Ltd. to Report Q3, 2025 Results on Jan 09, 2025 Maruzen Co., Ltd. announced that they will report Q3, 2025 results on Jan 09, 2025 Reported Earnings • Oct 15
Second quarter 2025 earnings released: EPS: JP¥69.32 (vs JP¥53.71 in 2Q 2024) Second quarter 2025 results: EPS: JP¥69.32 (up from JP¥53.71 in 2Q 2024). Revenue: JP¥16.1b (up 4.0% from 2Q 2024). Net income: JP¥1.09b (up 26% from 2Q 2024). Profit margin: 6.8% (up from 5.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Announcement • Sep 14
Maruzen Co., Ltd. to Report Q2, 2025 Results on Oct 09, 2024 Maruzen Co., Ltd. announced that they will report Q2, 2025 results on Oct 09, 2024 Upcoming Dividend • Aug 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 06 November 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.7%). Reported Earnings • Jul 12
First quarter 2025 earnings released: EPS: JP¥83.52 (vs JP¥60.28 in 1Q 2024) First quarter 2025 results: EPS: JP¥83.52 (up from JP¥60.28 in 1Q 2024). Revenue: JP¥16.1b (up 5.3% from 1Q 2024). Net income: JP¥1.32b (up 35% from 1Q 2024). Profit margin: 8.2% (up from 6.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Announcement • Jun 17
Maruzen Co., Ltd. to Report Q1, 2025 Results on Jul 10, 2024 Maruzen Co., Ltd. announced that they will report Q1, 2025 results on Jul 10, 2024 Announcement • Apr 12
Maruzen Co., Ltd., Annual General Meeting, May 29, 2024 Maruzen Co., Ltd., Annual General Meeting, May 29, 2024. Reported Earnings • Apr 11
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥230 (up from JP¥174 in FY 2023). Revenue: JP¥60.6b (up 5.3% from FY 2023). Net income: JP¥3.71b (up 32% from FY 2023). Profit margin: 6.1% (up from 4.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Announcement • Mar 13
Maruzen Co., Ltd. to Report Fiscal Year 2024 Results on Apr 10, 2024 Maruzen Co., Ltd. announced that they will report fiscal year 2024 results on Apr 10, 2024 Upcoming Dividend • Feb 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.0%). Reported Earnings • Jan 10
Third quarter 2024 earnings released: EPS: JP¥67.05 (vs JP¥41.58 in 3Q 2023) Third quarter 2024 results: EPS: JP¥67.05 (up from JP¥41.58 in 3Q 2023). Revenue: JP¥15.0b (down 1.8% from 3Q 2023). Net income: JP¥1.08b (up 60% from 3Q 2023). Profit margin: 7.2% (up from 4.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,803, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 63% over the past three years. Announcement • Nov 24
Maruzen Co., Ltd. to Report Q3, 2024 Results on Jan 09, 2024 Maruzen Co., Ltd. announced that they will report Q3, 2024 results on Jan 09, 2024 Reported Earnings • Oct 11
Second quarter 2024 earnings released: EPS: JP¥53.71 (vs JP¥46.41 in 2Q 2023) Second quarter 2024 results: EPS: JP¥53.71 (up from JP¥46.41 in 2Q 2023). Revenue: JP¥15.5b (up 8.5% from 2Q 2023). Net income: JP¥871.0m (up 16% from 2Q 2023). Profit margin: 5.6% (up from 5.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Announcement • Sep 16
Maruzen Co., Ltd. (TSE:5982) announces an Equity Buyback for 500,000 shares, representing 3.08% for ¥1,500 million. Maruzen Co., Ltd. (TSE:5982) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 3.08% of its issued share capital (excluding treasury stock), for ¥1,500 million. The purpose of the program is to improve capital efficiency and expand shareholder returns. The program will run until September 13, 2024. As of August 31, 2023, the company had 16,221,419 shares in issue (excluding treasury stock) and 3,558,581 shares in treasury. Announcement • Sep 13
Maruzen Co., Ltd. to Report Q2, 2024 Results on Oct 10, 2023 Maruzen Co., Ltd. announced that they will report Q2, 2024 results on Oct 10, 2023 Upcoming Dividend • Aug 23
Upcoming dividend of JP¥35.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 06 November 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.3%). Reported Earnings • Jul 08
First quarter 2024 earnings released: EPS: JP¥60.28 (vs JP¥58.66 in 1Q 2023) First quarter 2024 results: EPS: JP¥60.28 (up from JP¥58.66 in 1Q 2023). Revenue: JP¥15.3b (up 11% from 1Q 2023). Net income: JP¥977.0m (up 2.8% from 1Q 2023). Profit margin: 6.4% (down from 6.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jun 17
Maruzen Co., Ltd. to Report Q1, 2024 Results on Jul 07, 2023 Maruzen Co., Ltd. announced that they will report Q1, 2024 results on Jul 07, 2023 Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: JP¥174 (vs JP¥177 in FY 2022) Full year 2023 results: EPS: JP¥174 (down from JP¥177 in FY 2022). Revenue: JP¥57.5b (up 8.9% from FY 2022). Net income: JP¥2.82b (down 2.0% from FY 2022). Profit margin: 4.9% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: JP¥174 (vs JP¥177 in FY 2022) Full year 2023 results: EPS: JP¥174 (down from JP¥177 in FY 2022). Revenue: JP¥57.5b (up 8.9% from FY 2022). Net income: JP¥2.82b (down 2.0% from FY 2022). Profit margin: 4.9% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥25.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 29 May 2023. Payout ratio is a comfortable 5.3% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Announcement • Feb 02
Maruzen Co., Ltd. to Report Fiscal Year 2023 Results on Apr 07, 2023 Maruzen Co., Ltd. announced that they will report fiscal year 2023 results on Apr 07, 2023 Reported Earnings • Jan 08
Third quarter 2023 earnings released: EPS: JP¥41.58 (vs JP¥49.96 in 3Q 2022) Third quarter 2023 results: EPS: JP¥41.58 (down from JP¥49.96 in 3Q 2022). Revenue: JP¥15.3b (up 11% from 3Q 2022). Net income: JP¥674.0m (down 17% from 3Q 2022). Profit margin: 4.4% (down from 5.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Announcement • Nov 16
Maruzen Co., Ltd. to Report Q3, 2023 Results on Jan 06, 2023 Maruzen Co., Ltd. announced that they will report Q3, 2023 results on Jan 06, 2023 Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Outside Director Koji Yabe was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 09
Second quarter 2023 earnings released: EPS: JP¥46.41 (vs JP¥37.80 in 2Q 2022) Second quarter 2023 results: EPS: JP¥46.41 (up from JP¥37.80 in 2Q 2022). Revenue: JP¥14.3b (up 11% from 2Q 2022). Net income: JP¥752.0m (up 23% from 2Q 2022). Profit margin: 5.3% (up from 4.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Announcement • Aug 24
Maruzen Co., Ltd. to Report Q2, 2023 Results on Oct 07, 2022 Maruzen Co., Ltd. announced that they will report Q2, 2023 results on Oct 07, 2022 Upcoming Dividend • Aug 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 07 November 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Reported Earnings • Jul 10
First quarter 2023 earnings released: EPS: JP¥58.66 (vs JP¥54.63 in 1Q 2022) First quarter 2023 results: EPS: JP¥58.66 (up from JP¥54.63 in 1Q 2022). Revenue: JP¥13.8b (up 3.6% from 1Q 2022). Net income: JP¥950.0m (up 7.5% from 1Q 2022). Profit margin: 6.9% (up from 6.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: JP¥177 (vs JP¥155 in FY 2021) Full year 2022 results: EPS: JP¥177 (up from JP¥155 in FY 2021). Revenue: JP¥52.8b (up 16% from FY 2021). Net income: JP¥2.87b (up 15% from FY 2021). Profit margin: 5.4% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Announcement • May 22
Maruzen Co., Ltd. to Report Q1, 2023 Results on Jul 08, 2022 Maruzen Co., Ltd. announced that they will report Q1, 2023 results on Jul 08, 2022 Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Outside Director Koji Yabe was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 10
Maruzen Co., Ltd., Annual General Meeting, May 26, 2022 Maruzen Co., Ltd., Annual General Meeting, May 26, 2022. Reported Earnings • Apr 10
Full year 2022 earnings released: EPS: JP¥177 (vs JP¥155 in FY 2021) Full year 2022 results: EPS: JP¥177 (up from JP¥155 in FY 2021). Revenue: JP¥52.8b (up 16% from FY 2021). Net income: JP¥2.87b (up 15% from FY 2021). Profit margin: 5.4% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Announcement • Feb 25
Maruzen Co., Ltd. to Report Fiscal Year 2022 Results on Apr 08, 2022 Maruzen Co., Ltd. announced that they will report fiscal year 2022 results on Apr 08, 2022 Upcoming Dividend • Feb 18
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.9%). Reported Earnings • Jan 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥49.95 (up from JP¥38.62 in 3Q 2021). Revenue: JP¥13.7b (up 14% from 3Q 2021). Net income: JP¥809.0m (up 29% from 3Q 2021). Profit margin: 5.9% (up from 5.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Oct 09
Second quarter 2022 earnings released: EPS JP¥37.76 (vs JP¥34.86 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: JP¥12.8b (up 17% from 2Q 2021). Net income: JP¥612.0m (up 8.5% from 2Q 2021). Profit margin: 4.8% (down from 5.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 05 November 2021. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.1%). Lower than average of industry peers (1.6%). Reported Earnings • Jul 11
First quarter 2022 earnings released: EPS JP¥54.63 (vs JP¥48.42 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: JP¥13.3b (up 21% from 1Q 2021). Net income: JP¥884.0m (up 13% from 1Q 2021). Profit margin: 6.7% (down from 7.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Jun 02
Full year 2021 earnings released: EPS JP¥155 (vs JP¥222 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥45.4b (down 15% from FY 2020). Net income: JP¥2.50b (down 30% from FY 2020). Profit margin: 5.5% (down from 6.7% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Apr 12
Full year 2021 earnings released: EPS JP¥155 (vs JP¥222 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥45.4b (down 15% from FY 2020). Net income: JP¥2.50b (down 30% from FY 2020). Profit margin: 5.5% (down from 6.7% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Announcement • Feb 24
Maruzen Co., Ltd. to Report Fiscal Year 2021 Results on Apr 09, 2021 Maruzen Co., Ltd. announced that they will report fiscal year 2021 results on Apr 09, 2021 Upcoming Dividend • Feb 18
Upcoming Dividend of JP¥15.00 Per Share Will be paid on the 27th of May to those who are registered shareholders by the 25th of February. The trailing yield of 1.6% is below the top quartile of Japanese dividend payers (2.8%), but it is higher than industry peers (1.1%). Is New 90 Day High Low • Feb 12
New 90-day high: JP¥1,901 The company is up 9.0% from its price of JP¥1,747 on 13 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 17% over the same period. Reported Earnings • Jan 09
Third quarter 2021 earnings released: EPS JP¥38.62 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥12.0b (down 15% from 3Q 2020). Net income: JP¥625.0m (down 35% from 3Q 2020). Profit margin: 5.2% (down from 6.8% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 14
New 90-day high: JP¥1,838 The company is up 3.0% from its price of JP¥1,789 on 15 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 13% over the same period. Announcement • Nov 20
Maruzen Co., Ltd. to Report Q3, 2021 Results on Jan 08, 2021 Maruzen Co., Ltd. announced that they will report Q3, 2021 results on Jan 08, 2021 Announcement • Aug 31
Maruzen Co., Ltd. to Report Q2, 2021 Results on Oct 09, 2020 Maruzen Co., Ltd. announced that they will report Q2, 2021 results on Oct 09, 2020 Announcement • Jun 29
Maruzen Co., Ltd. to Report Q1, 2021 Results on Jul 10, 2020 Maruzen Co., Ltd. announced that they will report Q1, 2021 results on Jul 10, 2020 
