Buy Or Sell Opportunity • Aug 06
Now 20% overvalued Over the last 90 days, the stock has fallen 8.9% to JP¥4,936. The fair value is estimated to be JP¥4,113, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 7.6%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 4.6% per annum over the same time period. Reported Earnings • Aug 04
First quarter 2027 earnings: EPS and revenues exceed analyst expectations First quarter 2027 results: EPS: JP¥114 (up from JP¥93.42 in 1Q 2026). Revenue: JP¥2.61t (up 21% from 1Q 2026). Net income: JP¥186.4b (up 21% from 1Q 2026). Profit margin: 7.1% (in line with 1Q 2026). Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 03
Marubeni Corporation (TSE:8002) announces an Equity Buyback for 40,000,000 shares, representing 2.5% for ¥100,000 million. Marubeni Corporation (TSE:8002) announces a share repurchase program. Under the program, the company will repurchase up to 40,000,000 shares, representing 2.5% of its outstanding share capital (excluding treasury shares), for ¥100,000 million. The purpose of repurchase program is to implement flexible and optimal capital allocation measures to achieve both future growth and the optimization of capital efficiency. The repurchase program is valid till March 31, 2027. Declared Dividend • Jul 25
Final dividend of JP¥57.50 announced Shareholders will receive a dividend of JP¥57.50. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 21
Now 22% overvalued Over the last 90 days, the stock has fallen 12% to JP¥5,170. The fair value is estimated to be JP¥4,225, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.0%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 5.5% per annum over the same time period. Live-nieuws • Jul 09
Marubeni Expands US Natural Gas Operations With EagleRidge Energy Acquisition Marubeni has acquired EagleRidge Energy, a leading U.S. natural gas operator, with EagleRidge’s existing leadership team remaining in place alongside new executive appointments to support operational and financial initiatives.
The deal expands Marubeni’s natural gas footprint in North America, adding producing assets and on-the-ground operating expertise that can be integrated with the group’s wider energy portfolio.
Marubeni’s shares last traded at ¥4,961, with the stock up 11.5% year to date, giving investors some context on how the market has treated the company so far this year.
This acquisition gives Marubeni incremental exposure to U.S. natural gas while keeping local management in charge, which can reduce integration risk but also concentrates more of the group’s fortunes in commodity-linked earnings. Aankondiging • Jun 18
Marubeni Corporation (TSE:8002) acquired EagleRidge Energy II LLC. Marubeni Corporation (TSE:8002) acquired EagleRidge Energy II LLC on June 17, 2026.
Marubeni Corporation (TSE:8002) completed the acquisition of EagleRidge Energy II LLC on June 17, 2026. Reported Earnings • Jun 03
Full year 2026 earnings: EPS in line with analyst expectations despite revenue beat Full year 2026 results: EPS: JP¥330 (up from JP¥303 in FY 2025). Revenue: JP¥8.27t (up 6.1% from FY 2025). Net income: JP¥543.9b (up 8.1% from FY 2025). Profit margin: 6.6% (up from 6.5% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Live-nieuws • Jun 02
Marubeni Secures New LNG Supply for Asia Under Long-Term Deal With INEOS INEOS Energy has signed a long-term LNG supply agreement with Marubeni, with deliveries into Asia set to begin in 2029.
The deal marks INEOS Energy’s first LNG deliveries into the Pacific Basin.
For Marubeni, the agreement adds another source of LNG supply as Asian buyers look for long-term gas contracts in a tight global LNG market.
This new LNG supply line gives Marubeni additional contracted volumes in a region where buyers have been actively seeking reliable long-term gas access.
Long-term LNG contracts can improve visibility on supply but can also lock in exposure to contract terms and market conditions that may evolve over time. Aankondiging • May 02
Marubeni Corporation, Annual General Meeting, Jun 19, 2026 Marubeni Corporation, Annual General Meeting, Jun 19, 2026. Board Change • Apr 23
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Senior EVP, CDIO & Representative Director Kenichiro Oikawa was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 11
Marubeni Corporation to Report Fiscal Year 2026 Results on May 01, 2026 Marubeni Corporation announced that they will report fiscal year 2026 results at 11:00 AM, Tokyo Standard Time on May 01, 2026 Aankondiging • Feb 25
Konica Minolta, Inc. (TSE:4902) signed an agreement to acquire remaining 49% stake in Konica Minolta QOL Solutions, Inc. from Marubeni Corporation (TSE:8002). Konica Minolta, Inc. (TSE:4902) signed an agreement to acquire remaining 49% stake in Konica Minolta QOL Solutions, Inc. from Marubeni Corporation (TSE:8002) on February 24, 2026. Upon completion, Konica Minolta, Inc. will own 100% stake in Konica Minolta QOL Solutions, Inc. Aankondiging • Feb 12
Marubeni Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Marubeni Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the period, the company expects profit attributable to owners of parent of JPY 540.0 billion or basic earnings per share of JPY 328.08 compared to previous guidance of profit attributable to owners of parent of JPY 510.0 billion or basic earnings per share of JPY 309.44. This is due to an expected increase in profit from the Chilean copper mining business in Metals & Mineral Resources, as well as upward revisions to the forecasts
for Aerospace & Mobility, Finance, Leasing & Real Estate Business and other segments, which offset downward revisions to the forecasts for Energy & Chemicals and Power &
Infrastructure Services based on the actual results for the nine-month period ended December 31, 2025. Aankondiging • Feb 11
Highwood Harbor acquired Eastern Fish Company from Marubeni Corporation (TSE:8002). Highwood Harbor acquired Eastern Fish Company from Marubeni Corporation (TSE:8002) effective February 11, 2026. Aankondiging • Feb 05
Marubeni Corporation Announces Revision of Dividend Forecast for the Fiscal Year Ending March 31, 2026 Marubeni Corporation announced that the Company resolved, at the Board of Directors’ Meeting held on February 4, 2026, to revise the dividend forecast for the fiscal year ending March 31, 2026. Revision of the annual dividend forecast: Revised annual dividend forecast to JPY 107.50 per share from the previous forecast of JPY 100.00 per share. Revision of the year-end dividend forecast: Revised year-end dividend forecast to JPY 57.50 per share from the previous forecast JPY 50.00 per share. Reasons for the Revision: the company has adopted a basic policy of paying dividends which states that the Company pays shareholders a stable dividend over the long term while increasing its dividends through its medium- and long-term profit growth. Reflecting the policy, for the period of the GC2027 Mid-Term Management Strategy (from the fiscal year ending March 31, 2026 to the fiscal year ending March 31, 2028), the Company adopts a progressive dividend policy, aiming to increase the annual dividend in response to medium- and long-term profit growth. As a result, the Company has revised the annual dividend forecast per share for the fiscal year ending March 31, 2026 to JPY 107.50 per share from the previous forecast of JPY 100.00 per share in accordance with the aforementioned basic policy. In line with this change, the Company has revised the year-end dividend forecast per share for the fiscal year ending March 31, 2026 to JPY 57.50 per share from the previous forecast (announced on May 2, 2025) of JPY 50.00 per share (interim JPY 50.00 per share; already paid). Aankondiging • Feb 04
Marubeni Corporation (TSE:8002) announces an Equity Buyback for 5,000,000 shares, representing 0.3% for ¥15,000 million. Marubeni Corporation (TSE:8002) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 0.30% of its outstanding share capital (excluding treasury shares), for ¥15,000 million. The purpose of repurchase program is to enhance shareholder returns and to improve capital efficiency. The repurchase program is valid till June 30, 2026. Aankondiging • Jan 08
Marubeni Corporation to Report Q3, 2026 Results on Feb 04, 2026 Marubeni Corporation announced that they will report Q3, 2026 results on Feb 04, 2026 Aankondiging • Dec 19
A fund managed by Stonepeak Partners LP and Stonepeak (Australia) Pty Ltd entered into a definitive agreement to acquire GDI (EII) Pty Limited from Marubeni Corporation (TSE:8002), APA Group (ASX:APA) and SAS Trustee Corporation. A fund managed by Stonepeak Partners LP and Stonepeak (Australia) Pty Ltd entered into a definitive agreement to acquire GDI (EII) Pty Limited from Marubeni Corporation (TSE:8002), APA Group (ASX:APA) and SAS Trustee Corporation on December 17, 2025. As part of consideration, APA Group will receive AUD 64 million as proceeds for 20% stake in GDI (EII) Pty Limited.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is in the first half of 2026.
Gresham Partners Limited acted as financial advisor for Stonepeak Partners LP. Allens acted as legal advisor for Stonepeak Partners LP. Declared Dividend • Dec 02
First half dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 30th March 2026 Payment date: 2nd June 2026 Dividend yield will be 2.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 2.0% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Nov 28
TAUNS Laboratories,Inc. (TSE:197A) agreed to acquire CLAIRVO TECHNOLOGIES Inc. from Marubeni Corporation (TSE:8002) for ¥76 million. TAUNS Laboratories,Inc. (TSE:197A) agreed to acquire CLAIRVO TECHNOLOGIES Inc. from Marubeni Corporation (TSE:8002) for ¥76 million on November 27, 2025. A cash consideration of ¥76 million will be paid by TAUNS Laboratories,Inc. for 10,000 shares.
For the period ending March 31, 2025, CLAIRVO TECHNOLOGIES Inc. reported total revenue of ¥71 million, operating loss of ¥305 million and net loss of ¥228 million. As of March 31, 2025, CLAIRVO TECHNOLOGIES Inc. reported total assets of ¥236 million and net liabilities of ¥398 million.
The expected completion of the transaction is in December 2025. Aankondiging • Nov 27
Mchale Plant Sales Limited has entered into an agreement to acquire Marubeni-Komatsu Ltd from Marubeni Corporation (TSE:8002). Mchale Plant Sales Limited has entered into an agreement to acquire Marubeni-Komatsu Ltd from Marubeni Corporation (TSE:8002) on November 25, 2025. To support the transition, Komatsu Europe will take a minority shareholding in McHale Plant Sales. McHale Plant Sales will maintain all existing distribution branches.
Following completion of the transition is subject to regulatory approval, effective January 2026, the company plans to trade as McHale Komatsu in the UK. New Risk • Nov 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 05
Second quarter 2026 earnings: Revenues exceed analyst expectations Second quarter 2026 results: Revenue: JP¥2.04t (up 11% from 2Q 2025). Net income: JP¥151.1b (up 58% from 2Q 2025). Profit margin: 7.4% (up from 5.2% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.4%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Trade Distributors industry in Japan. Aankondiging • Oct 17
Marubeni Corporation Reportedly in Talks to Acquire TiAuto Investments Marubeni Corporation (TSE:8002) is in talks to acquire Carlyle-backed TiAuto Investments (TiAuto Investments (Pty) Ltd.), according to people with knowledge of the matter. The deal for the South African retailer of automotive tires and parts may be valued at about ZAR 2.6 billion said the people who asked not to be identified as details of the transaction are private. Old Mutual’s private equity business is also an investor in the operator of Tiger Wheel & Tyre. Old Mutual Private Equity and other shareholders are at a “very advanced stage of engagement with Marubeni to sell TiAuto,” said Old Mutual Private Equity co-head Jacci Myburgh. Marubeni and Carlyle declined to comment. A deal will give the Japanese trading and investment house, which is backed by Warren Buffett’s Berkshire Hathaway, a foothold in Africa’s largest economy where new vehicles sales last month jumped to 54,700 units — the highest in a decade. Companies from Tata to BYD are starting to sell in the nation as demand for cost-efficient cars increases. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.9%). New Risk • Aug 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 02
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥93.42 (up from JP¥85.50 in 1Q 2025). Revenue: JP¥2.16t (up 5.5% from 1Q 2025). Net income: JP¥154.4b (up 8.3% from 1Q 2025). Profit margin: 7.1% (in line with 1Q 2025). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Trade Distributors 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 32% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jul 08
Marubeni Corporation to Report Q1, 2026 Results on Aug 01, 2025 Marubeni Corporation announced that they will report Q1, 2026 results on Aug 01, 2025 Aankondiging • Jul 02
Marubeni Corporation (TSE:8002) acquired an additional 6.7% stake in Jellinbah Group Pty Ltd from Zashvin Pty. Ltd. Marubeni Corporation (TSE:8002) acquired an additional 6.7% stake in Jellinbah Group Pty Ltd from Zashvin Pty. Ltd. on June 30, 2025. Before acquisition, Marubeni Corporation held 33.3% stake and Zashvin Pty. Ltd. held 66.7% stake in Jellinbah Group Pty Ltd. After completion of transaction, Marubeni Corporation now holds 40% stake and Zashvin Pty. Ltd. now holds 60% stake in Jellinbah Group Pty Ltd.
Marubeni Corporation (TSE:8002) completed the acquisition of an additional 6.7% stake in Jellinbah Group Pty Ltd from Zashvin Pty. Ltd. on June 30, 2025. Board Change • Jul 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. Independent Outside Director Yuri Okina is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Jun 26
Marubeni Corporation (TSE:8002) acquired an additional 20% stake in Senoko Energy Pte Ltd. from The Kansai Electric Power Company, Incorporated (TSE:9503), Kyushu Electric Power Company, Incorporated (TSE:9508) and Japan Bank for International Cooperation, Investment Arm. Marubeni Corporation (TSE:8002) acquired an additional 20% stake in Senoko Energy Pte Ltd. from The Kansai Electric Power Company, Incorporated (TSE:9503), Kyushu Electric Power Company, Incorporated (TSE:9508) and Japan Bank for International Cooperation, Investment Arm on June 25, 2025.
Marubeni Corporation (TSE:8002) completed the acquisition of an additional 20% stake in Senoko Energy Pte Ltd. from The Kansai Electric Power Company, Incorporated (TSE:9503), Kyushu Electric Power Company, Incorporated (TSE:9508) and Japan Bank for International Cooperation, Investment Arm on June 25, 2025. Board Change • May 21
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO, President & Director Masayuki Omoto was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 08
Marubeni Corporation (TSE:8002) agreed to acquire an unknown minority stake in Low Carbon Hydrogen and Ammonia Facility of Exxon Mobil Corporation. Marubeni Corporation (TSE:8002) agreed to acquire an unknown minority stake in Low Carbon Hydrogen and Ammonia Facility of Exxon Mobil Corporation on May 7, 2025. The transaction is contingent on supportive government policy and necessary regulatory permits and is expected to close in 2025. Reported Earnings • May 03
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: JP¥303 (up from JP¥280 in FY 2024). Revenue: JP¥7.79t (up 7.4% from FY 2024). Net income: JP¥503.0b (up 6.9% from FY 2024). Profit margin: 6.5% (in line with FY 2024). Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 02
Marubeni Corporation, Annual General Meeting, Jun 20, 2025 Marubeni Corporation, Annual General Meeting, Jun 20, 2025. Aankondiging • Apr 08
Marubeni Corporation to Report Fiscal Year 2025 Results on May 02, 2025 Marubeni Corporation announced that they will report fiscal year 2025 results on May 02, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,962, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Trade Distributors industry in Japan. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,218 per share. Aankondiging • Apr 04
Marubeni Corporation (TSE:8002) acquired Os Electronics Co. Ltd. Marubeni Corporation (TSE:8002) acquired Os Electronics Co. Ltd on April 2, 2025. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor to Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Marubeni Corporation (TSE:8002) completed the acquisition of Os Electronics Co. Ltd on April 2, 2025. Aankondiging • Mar 26
WELLNEO SUGAR Co., Ltd. (TSE:2117) completed the acquisition of Toyo Sugar Refining Co., Ltd. (TSE:2107) from Marubeni Corporation (TSE:8002) and others for ¥11.3 billion. WELLNEO SUGAR Co., Ltd. (TSE:2117) proposed to acquire Toyo Sugar Refining Co., Ltd. (TSE:2107) from Marubeni Corporation (TSE:8002) and others for ¥11.3 billion on February 6, 2025. A cash consideration valued at ¥2080 per share will be paid by WELLNEO SUGAR Co., Ltd. As part of consideration, ¥11.3 billion is paid towards common equity of Toyo Sugar Refining Co., Ltd.
The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board. The expected completion of the transaction is March 25, 2025.
EY Strategy and Consulting Co., Ltd. acted as financial advisor for WELLNEO SUGAR Co., Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for WELLNEO SUGAR Co., Ltd. City-Yuwa Partners acted as legal advisor for Toyo Sugar Refining Co., Ltd. SMBC Nikko Securities Inc. acted as financial advisor for Toyo Sugar Refining Co., Ltd.
WELLNEO SUGAR Co., Ltd. (TSE:2117) completed the acquisition of Toyo Sugar Refining Co., Ltd. (TSE:2107) from Marubeni Corporation (TSE:8002) and others on March 25, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Buy Or Sell Opportunity • Mar 14
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.9% to JP¥2,400. The fair value is estimated to be JP¥1,992, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 0.4% per annum over the same time period. Buy Or Sell Opportunity • Feb 25
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 8.3% to JP¥2,460. The fair value is estimated to be JP¥1,936, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 0.7% per annum over the same time period. Aankondiging • Feb 07
Toyo Sugar Refining Co., Ltd. (TSE:2107) agreed to acquire 25.17% stake in Miyakoseito K.K. from Marubeni Corporation (TSE:8002). Toyo Sugar Refining Co., Ltd. (TSE:2107) agreed to acquire 25.17% stake in Miyakoseito K.K. from Marubeni Corporation (TSE:8002) on February 6, 2025. The expected completion of the transaction is February 28, 2025. Reported Earnings • Feb 06
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥113 (up from JP¥71.56 in 3Q 2024). Revenue: JP¥1.83t (up 9.0% from 3Q 2024). Net income: JP¥187.1b (up 56% from 3Q 2024). Profit margin: 10% (up from 7.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) also surpassed analyst estimates by 56%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 05
Marubeni Corporation (TSE:8002) announces an Equity Buyback for 30,000,000 shares, representing 1.8% for ¥30,000 million. Marubeni Corporation (TSE:8002) announces a share repurchase program. Under the program, the company will repurchase up to 30,000,000 shares, representing 1.80% of its outstanding share capital (excluding treasury shares), for ¥30,000 million. The purpose of repurchase program is to implement a flexible capital policy and to enhance shareholder returns. The repurchase program is valid till June 30, 2025. Declared Dividend • Dec 03
First half dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 28th March 2025 Payment date: 3rd June 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Nov 30
Meico Management Co., Ltd. agreed to acquire Kraft of Asia Paperboard & Packaging co. ltd from Marubeni Corporation (TSE:8002). Meico Management Co., Ltd. agreed to acquire Kraft of Asia Paperboard & Packaging co. ltd from Marubeni Corporation (TSE:8002) on November 29, 2024. For the period ending March 31, 2024, Kraft of Asia Paperboard & Packaging co. ltd reported total revenue of ¥14.6 billion and net loss of ¥22.72 billion. As of March 31, 2024, Kraft of Asia Paperboard & Packaging co. ltd reported total assets of ¥7.63 billion and net liabilities of ¥13.4 billion. The expected completion of the transaction is February 10, 2025. Aankondiging • Nov 28
Marubeni Corporation Announces Management Changes The Board of Directors held on November 27, 2024, Marubeni Corporation resolved the appointment of a new Chairman, and President and CEO, effective as of April 1, 2025. Fumiya Kokubu from Chairman of the Board to Member of the Board, Honorary Corporate Advisor. Masumi Kakinoki from President to Chairman of the Board. Masayuki Omoto from Managing Executive Officer to President. Fumiya Kokubu will resign as Member of the Board at the General Meeting of Shareholders to be held in June 2025. Masayuki Omoto's graduated from Waseda University in 1992 and earned an MBA with Distinction from Harvard Business School in 2004. April 1992 - Joined Marubeni Corporation, April 2006 -Joined McKinsey & Company, October 2007 -Rejoined Marubeni Corporation, April 2014 - Chief Operating Officer, SmartestEnergy Ltd., April 2016 - Deputy General Manager, Corporate Planning & Strategy Dept,; General Manager, Corporate Stratgey & Planning Section., April 2019 -Chief Operating Officer, Next Generation Business Development Div., April 2020 - Executive Officer, Chief Operating Officer, Next Generation Business Development Div., April 2022 - Executive Officer, CDIO; Chief Operating Officer, Next Generation Business Development Div., April 2023 - Executive Officer, CDIO; Chief Operating Officer, Next Generation Business Development Div.; Vice Chairman of Investment and Credit Committee, April 2024 - Managing Executive Officer, CDIO;, Chief Operating Officer, Next Generation Business Development Div.; Vice Chairman of Investment and Credit Committee (Current). Reported Earnings • Nov 02
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: JP¥57.55 (down from JP¥65.31 in 2Q 2024). Revenue: JP¥1.84t (up 6.3% from 2Q 2024). Net income: JP¥95.5b (down 13% from 2Q 2024). Profit margin: 5.2% (down from 6.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. 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 31% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Sep 22
Marubeni Corporation to Report Q2, 2025 Results on Nov 01, 2024 Marubeni Corporation announced that they will report Q2, 2025 results on Nov 01, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Aug 02
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: JP¥85.50 (up from JP¥83.53 in 1Q 2024). Revenue: JP¥2.05t (up 1.6% from 1Q 2024). Net income: JP¥142.6b (flat on 1Q 2024). Profit margin: 7.0% (in line with 1Q 2024). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 02
Marubeni Corporation (TSE:8002) acquired Gemsa Enterprises, Llc. Marubeni Corporation (TSE:8002) acquired Gemsa Enterprises, Llc on July 31, 2024.
Marubeni Corporation (TSE:8002) completed the acquisition of Gemsa Enterprises, Llc on July 31, 2024. Aankondiging • Jul 11
Marubeni Corporation to Report Q1, 2025 Results on Aug 01, 2024 Marubeni Corporation announced that they will report Q1, 2025 results at 12:00 PM, Tokyo Standard Time on Aug 01, 2024 Declared Dividend • Jul 11
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (30% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 27
Lithia Marubeni Mobility Holding, LLC agreed to acquire 27.20% stake in Wheels, Inc. from Apollo Global Management, Inc. (NYSE:APO). Lithia Marubeni Mobility Holding, LLC agreed to acquire 27.20% stake in Wheels, Inc. from Apollo Global Management, Inc. (NYSE:APO) on June 27, 2024. Reported Earnings • Jun 26
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥280 (down from JP¥316 in FY 2023). Revenue: JP¥7.25t (down 21% from FY 2023). Net income: JP¥470.5b (down 13% from FY 2023). Profit margin: 6.5% (up from 5.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) exceeded analyst estimates by 1.5%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. 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 45% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 28
Price target increased by 8.0% to JP¥3,056 Up from JP¥2,831, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of JP¥3,108. Stock is up 46% over the past year. The company is forecast to post earnings per share of JP¥297 for next year compared to JP¥280 last year. 
