Board Change • 20h
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. Announcement • May 02
Marubeni Corporation, Annual General Meeting, Jun 19, 2026 Marubeni Corporation, Annual General Meeting, Jun 19, 2026. Announcement • 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 Announcement • 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. Announcement • 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. Announcement • 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. Announcement • 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). Announcement • 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. Announcement • 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 Declared Dividend • Dec 30
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 214%, which is higher than the industry average of 2.7%. 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 5.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Dec 30
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Senior Executive Vice President, CDIO & 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. Announcement • 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. Announcement • 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. Announcement • 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. Announcement • 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. Announcement • 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 Announcement • 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. Announcement • 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. Announcement • 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. Announcement • May 02
Marubeni Corporation, Annual General Meeting, Jun 20, 2025 Marubeni Corporation, Annual General Meeting, Jun 20, 2025. Announcement • 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 Announcement • 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. Announcement • 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. Announcement • 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. Announcement • 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. Announcement • 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. Announcement • 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 03
Second quarter 2025 earnings released: EPS: JP¥57.55 (vs JP¥65.31 in 2Q 2024) 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 is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Trade Distributors industry in Europe. 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 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • 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%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.1%). New Risk • Aug 11
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 German stocks, typically moving 6.7% 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 (6.7% average weekly change). Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥85.50 (vs JP¥83.53 in 1Q 2024) 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 is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Trade Distributors industry in Europe. 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 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • 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. Announcement • 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 259%, which is higher than the industry average of 2.7%. 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. Announcement • 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 released: EPS: JP¥280 (vs JP¥316 in FY 2023) 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 is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Trade Distributors industry in Europe. 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 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 16
Marubeni Corporation Announces Dividend for the Fiscal Year Ended March 31, 2024, Effective June 3, 2024 Marubeni Corporation announced that, at the Board of Directors’ Meeting held on May 15, 2024, it was decided that the following dividends will be paid out to shareholders of record onMarch 31, 2024. Year-end dividend per share of common stock of JPY 43.50 for the fiscal year ended March 31, 2024 against dividend pf JPY 40.50 per share a year ago. Total Dividend of JPY 72,839 million; Effective Date is June 3, 2024; Source of funds for dividend: Retained earnings. Reported Earnings • May 03
Full year 2024 earnings released: EPS: JP¥280 (vs JP¥316 in FY 2023) 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 is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Trade Distributors industry in Europe. 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 37% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥41.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.7%). Announcement • Feb 27
Marubeni Corporation (TSE:8002) acquired additional minority stake in Aeon Co., Ltd. (TSE:8267). Marubeni Corporation (TSE:8002) acquired additional minority stake in Aeon Co., Ltd. (TSE:8267) on February 26, 2024.
Marubeni Corporation (TSE:8002) completed the acquisition of additional minority stake in Aeon Co., Ltd. (TSE:8267) on February 26, 2024. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥71.41 (vs JP¥87.14 in 3Q 2023) Third quarter 2024 results: EPS: JP¥71.41 (down from JP¥87.14 in 3Q 2023). Revenue: JP¥1.68t (down 5.7% from 3Q 2023). Net income: JP¥120.2b (down 19% from 3Q 2023). Profit margin: 7.2% (down from 8.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 41% per year. Announcement • Dec 27
Marubeni Corporation to Report Q3, 2024 Results on Feb 02, 2024 Marubeni Corporation announced that they will report Q3, 2024 results on Feb 02, 2024 Announcement • Nov 03
Marubeni Corporation (TSE:8002) announces an Equity Buyback for 20,000,000 shares, representing 1.19% for ¥20,000 million. Marubeni Corporation (TSE:8002) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 1.88% of its outstanding share capital (excluding treasury shares), for ¥20,000 million. The purpose of repurchase program is to improve capital efficiency and enable flexible capital policy in response to changes in the business environment. The repurchase program is valid till February 9, 2024. As of September 30, 2023, the company had 1,682,951,397 shares outstanding (excluding treasury shares) and had 1,974,710 shares in treasury. Reported Earnings • Nov 03
Second quarter 2024 earnings released: EPS: JP¥65.31 (vs JP¥65.91 in 2Q 2023) Second quarter 2024 results: EPS: JP¥65.31 (down from JP¥65.91 in 2Q 2023). Revenue: JP¥1.73t (down 36% from 2Q 2023). Net income: JP¥110.0b (down 2.6% from 2Q 2023). Profit margin: 6.4% (up from 4.2% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Announcement • Sep 29
Marubeni Corporation to Report Q2, 2024 Results on Nov 02, 2023 Marubeni Corporation announced that they will report Q2, 2024 results on Nov 02, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥39.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.7%). Announcement • Aug 22
Marubeni Corporation (TSE:8002) acquired additional 31% stake in Radial Llantas S.A. de C.V. Marubeni Corporation (TSE:8002) acquired additional 31% stake in Radial Llantas S.A. de C.V. on August 21, 2023.Marubeni Corporation (TSE:8002) completed the acquisition of additional 31% stake in Radial Llantas S.A. de C.V. on August 21, 2023. Reported Earnings • Aug 06
First quarter 2024 earnings released: EPS: JP¥83.30 (vs JP¥117 in 1Q 2023) First quarter 2024 results: EPS: JP¥83.30 (down from JP¥117 in 1Q 2023). Revenue: JP¥2.02t (down 31% from 1Q 2023). Net income: JP¥141.3b (down 30% from 1Q 2023). Profit margin: 7.0% (up from 6.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Announcement • Aug 04
Marubeni Corporation (TSE:8002) and SECOM CO., LTD. (TSE:9735) completed the acquisition of 41.082296% stake in ARTERIA Networks Corporation (TSE:4423). Marubeni Corporation (TSE:8002) and SECOM CO., LTD. (TSE:9735) made an offer to acquire 49.940187% stake in ARTERIA Networks Corporation (TSE:4423) for ¥49 billion on May 11, 2023. As of July 4, 2023 all the conditions are fulfilled. The transaction is expected to close on August 2, 2023. Nomura Securities Co., Ltd. acted as financial advisor to Marubeni Corporation (TSE:8002) and SECOM CO., LTD. (TSE:9735). Nishimura & Asahi acted as legal advisor to Marubeni Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor to SECOM CO., LTD. (TSE:9735). Wadakura Gate Law Office acted as legal advisor to ARTERIA Networks Corporation. Daiwa Securities Co. Ltd. and Sangyo Sosei Advisory Inc. acted as financial advisor to ARTERIA Networks Corporation.DC Advisory acted as a financial advisor to ARTERIA Networks Corporation.
Marubeni Corporation (TSE:8002) and SECOM CO., LTD. (TSE:9735) completed the acquisition of 41.082296% stake in ARTERIA Networks Corporation (TSE:4423) on August 2, 2023. Board Change • Jul 18
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Mutsuko Hatano was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 14
Marubeni Corporation (TSE:8002) acquired 50% stake in Dasi, Llc. Marubeni Corporation (TSE:8002) acquired 50% stake in Dasi, Llc on July 13, 2023. Hughes Hubbard & Reed LLP acted as legal advisor, Lincoln International, LLC acted as financial advisor and Mazars USA LLP acted as accountant to Dasi, Llc. Mayer Brown GJBJ acted as legal asvisor, Arthur D. Little Japan, Inc. acted on business matters and KPMG FAS Co., Ltd. acted as tax advisor to Marubeni Corporation (TSE:8002) in the deal.
Marubeni Corporation (TSE:8002) completed the acquisition of 50% stake in Dasi, Llc on July 13, 2023. Announcement • Jul 07
PT Sumo Teknologi Solusi acquired Diary Bunda from Marubeni Corporation (TSE:8002). PT Sumo Teknologi Solusi acquired Diary Bunda from Marubeni Corporation (TSE:8002) on July 5, 2023. Marubeni Corporation has been operating the Maternal and Child Health Handbook App Service Diary Bunda, since 2020 and now they integrated it to PT Sumo Teknologi Solusi, one of the largest online healthcare services in the Republic of Indonesia, while also making an investment in Ranelagh Pte. Ltd. the company providing the PT Sumo Teknologi Solusi service.
PT Sumo Teknologi Solusi completed the acquisition of Diary Bunda from Marubeni Corporation (TSE:8002) on July 5, 2023. Announcement • Jun 28
Marubeni Corporation to Report Q1, 2024 Results on Aug 04, 2023 Marubeni Corporation announced that they will report Q1, 2024 results on Aug 04, 2023 Announcement • Jun 07
AES Andes S.A. (SNSE:AESANDES) agreed to acquire Helio Atacama Tres S.p.A. from EDF EN Chile Holding Spa and Marubeni Corporation (TSE:8002) for approximately $110 million. AES Andes S.A. (SNSE:AESANDES) agreed to acquire Helio Atacama Tres S.p.A. from EDF EN Chile Holding Spa and Marubeni Corporation (TSE:8002) for approximately $110 million on June 6, 2023. Announcement • May 09
Marubeni Corporation (TSE:8002) announces an Equity Buyback for 35,000,000 shares, representing 2.06% for ¥30,000 million. Marubeni Corporation (TSE:8002) announces a share repurchase program. Under the program, the company will repurchase up to 35,000,000 shares, representing 2.06% of its outstanding share capital (excluding treasury shares), for a total of ¥30,000 million. The purpose of repurchase program is to implement a flexible capital policy and improve shareholder returns. The repurchase program is valid till July 31, 2023. As of March 31, 2023, the company had 1,696,155,771 shares outstanding (excluding treasury shares) and had 2,239,727 shares in treasury. Reported Earnings • May 08
Full year 2023 earnings released: EPS: JP¥319 (vs JP¥243 in FY 2022) Full year 2023 results: EPS: JP¥319 (up from JP¥243 in FY 2022). Revenue: JP¥9.19t (up 8.0% from FY 2022). Net income: JP¥543.0b (up 29% from FY 2022). Profit margin: 5.9% (up from 5.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Announcement • May 08
Marubeni Corporation, Annual General Meeting, Jun 23, 2023 Marubeni Corporation, Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.50 per share at 4.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: JP¥87.14 (vs JP¥70.02 in 3Q 2022) Third quarter 2023 results: EPS: JP¥87.14 (up from JP¥70.02 in 3Q 2022). Revenue: JP¥1.78t (down 17% from 3Q 2022). Net income: JP¥148.8b (up 22% from 3Q 2022). Profit margin: 8.4% (up from 5.7% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 5.2% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Europe are expected to grow by 2.9%. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Dec 28
Iwi Container Terminal Holdings Inc. entered into share purchase agreement to acquire 20% stake in Bauan International Port, Inc from Marubeni Corporation (TSE:8002) for PHP 507.407 million. Iwi Container Terminal Holdings Inc. entered into share purchase agreement to acquire 20% stake in Bauan International Port, Inc from Marubeni Corporation (TSE:8002) for approximately PHP 510 million on December 23, 2022. Announcement • Dec 24
Marubeni Corporation to Report Q3, 2023 Results on Feb 03, 2023 Marubeni Corporation announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Hisayoshi Ando was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Second quarter 2023 earnings released: EPS: JP¥65.91 (vs JP¥53.96 in 2Q 2022) Second quarter 2023 results: EPS: JP¥65.91 (up from JP¥53.96 in 2Q 2022). Revenue: JP¥2.68t (up 38% from 2Q 2022). Net income: JP¥113.0b (up 21% from 2Q 2022). Profit margin: 4.2% (down from 4.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Europe are expected to grow by 2.9%. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Nov 05
Marubeni Corporation (TSE:8002) announces an Equity Buyback for 35,000,000 shares, representing 2.04% for ¥30,000 million. Marubeni Corporation (TSE:8002) announces a share repurchase program. Under the program, the company will repurchase up to 35,000,000 shares, representing 2.04% of its outstanding share capital (excluding treasury shares), for a total of ¥30,000 million. The purpose of repurchase program is to implement a flexible capital policy and improve shareholder returns. The repurchase program is valid till January 31, 2023. As of September 30, 2022, the company had 1,715,850,430 shares outstanding (excluding treasury shares) and had 2,361,968 shares in treasury. Announcement • Oct 13
Marubeni Corporation (TSE:8002) acquired Galileo Wheel Ltd. Marubeni Corporation (TSE:8002) acquired Galileo Wheel Ltd on October 12, 2022.
Marubeni Corporation (TSE:8002) completed the acquisition of Galileo Wheel Ltd on October 12, 2022. Announcement • Oct 02
Marubeni Corporation to Report Q2, 2023 Results on Nov 04, 2022 Marubeni Corporation announced that they will report Q2, 2023 results on Nov 04, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.8%). Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥117 (vs JP¥64.58 in 1Q 2022) First quarter 2023 results: EPS: JP¥117 (up from JP¥64.58 in 1Q 2022). Revenue: JP¥2.91t (up 36% from 1Q 2022). Net income: JP¥201.6b (up 80% from 1Q 2022). Profit margin: 6.9% (up from 5.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 9.4% compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
Marubeni Corporation to Report Q1, 2023 Results on Aug 05, 2022 Marubeni Corporation announced that they will report Q1, 2023 results on Aug 05, 2022 Announcement • Jun 10
Inspirit Capital acquired Spaldings Ltd. from Marubeni Corporation (TSE:8002). Inspirit Capital acquired Spaldings Ltd. from Marubeni Corporation (TSE:8002) on June 8, 2022. BDB Pitmans LLP acted as legal advisor, FRP Advisory acted as debt advisor and LSH acted as real estate agent to Inspirit Capital.
Inspirit Capital completed the acquisition of Spaldings Ltd. from Marubeni Corporation (TSE:8002) on June 8, 2022. Announcement • Jun 01
Marubeni Corporation (TSE:8002) agreed to acquire a 25% stake in Lunatus Marketing & Consulting FZCO from Lisa Kouatly, Khaled Mamlouk, Bashar Mardini. Marubeni Corporation (TSE:8002) agreed to acquire a 25% stake in Lunatus Marketing & Consulting FZCO from Lisa Kouatly, Khaled Mamlouk, Bashar Mardini on February 4, 2022. Freshfields Bruckhaus Deringer LLP acted as legal advisor to Lunatus. Joseph Fischer and Chris Walters of Herbert Smith LLP (Tokyo, Japan) provided due-diligence and acted as legal advisor to Marubeni. Reported Earnings • May 07
Full year 2022 earnings released: EPS: JP¥244 (vs JP¥128 in FY 2021) Full year 2022 results: EPS: JP¥244 (up from JP¥128 in FY 2021). Revenue: JP¥8.51t (up 34% from FY 2021). Net income: JP¥424.3b (up 92% from FY 2021). Profit margin: 5.0% (up from 3.5% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 6.6% compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Apr 24
Marubeni Corporation, Annual General Meeting, Jun 24, 2022 Marubeni Corporation, Annual General Meeting, Jun 24, 2022, at 10:00 Tokyo Standard Time. Location: Place Palace Hotel Tokyo, Aoi Room (2F) 1-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo Japan Announcement • Apr 08
Marubeni Corporation to Report Fiscal Year 2022 Results on May 06, 2022 Marubeni Corporation announced that they will report fiscal year 2022 results on May 06, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.50 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 06 June 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 04
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥70.02 (up from JP¥34.72 in 3Q 2021). Revenue: JP¥2.14t (up 38% from 3Q 2021). Net income: JP¥121.6b (up 102% from 3Q 2021). Profit margin: 5.7% (up from 3.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 32%. Over the next year, revenue is expected to shrink by 6.0% compared to a 8.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 04
Marubeni Corporation (TSE:8002) announces an Equity Buyback for 35,000,000 shares, representing 2.01% for ¥30,000 million. Marubeni Corporation (TSE:8002) announces a share repurchase program. Under the program, the company will repurchase 35,000,000 shares, representing 2.01% of its share capital, for ¥30,000 million. The company will repurchase its shares in order to improve capital efficiency and return profits to shareholders. The shares repurchased will be cancelled. The program will run until April 28, 2022. As of December 31, 2021, the company had 1,737,481,031 shares outstanding (excluding treasury shares) and 994,466 shares in treasury. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS JP¥53.96 (vs JP¥25.09 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.94t (up 33% from 2Q 2021). Net income: JP¥93.7b (up 115% from 2Q 2021). Profit margin: 4.8% (up from 3.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 03
Full year 2021 earnings released: EPS JP¥128 (vs JP¥116 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥6.33t (down 7.3% from FY 2020). Net income: JP¥221.4b (up JP¥422.8b from FY 2020). Profit margin: 3.5% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. 
