Reported Earnings • Aug 17
First quarter 2027 earnings released: EPS: JP¥15.56 (vs JP¥20.82 in 1Q 2026) First quarter 2027 results: EPS: JP¥15.56 (down from JP¥20.82 in 1Q 2026). Revenue: JP¥75.1b (up 5.2% from 1Q 2026). Net income: JP¥308.0m (down 25% from 1Q 2026). Profit margin: 0.4% (down from 0.6% in 1Q 2026). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 25
Final dividend of JP¥14.00 announced Shareholders will receive a dividend of JP¥14.00. Ex-date: 29th September 2026 Payment date: 2nd December 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 9.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 24
MARUICHI Co.,Ltd., Annual General Meeting, Jun 23, 2026 MARUICHI Co.,Ltd., Annual General Meeting, Jun 23, 2026, at 10:00 Tokyo Standard Time. Location: 3f hakuho chateraise hotel nagano 1-1 nanase, nagano city, nagano prefecture, nagano Japan Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥87.19 (vs JP¥25.73 in FY 2025) Full year 2026 results: EPS: JP¥87.19 (up from JP¥25.73 in FY 2025). Revenue: JP¥297.1b (up 10% from FY 2025). Net income: JP¥1.73b (up 220% from FY 2025). Profit margin: 0.6% (up from 0.2% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Mika Nakajima was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Mika Nakajima was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Board Change • Feb 25
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Mika Nakajima was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥56.82 (vs JP¥38.71 in 3Q 2025) Third quarter 2026 results: EPS: JP¥56.82 (up from JP¥38.71 in 3Q 2025). Revenue: JP¥80.8b (up 6.8% from 3Q 2025). Net income: JP¥1.13b (up 47% from 3Q 2025). Profit margin: 1.4% (up from 1.0% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year. Board Change • Feb 05
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Mika Nakajima was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Dec 25
First half dividend of JP¥11.00 announced Dividend of JP¥11.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 1.8%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 77% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.2% EPS decline seen over the last 5 years. Board Change • Dec 25
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Mika Nakajima was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥25.73 (vs JP¥70.11 in FY 2024) Full year 2025 results: EPS: JP¥25.73 (down from JP¥70.11 in FY 2024). Revenue: JP¥269.1b (up 5.6% from FY 2024). Net income: JP¥540.0m (down 65% from FY 2024). Profit margin: 0.2% (down from 0.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jun 07
MARUICHI Co.,Ltd., Annual General Meeting, Jun 24, 2025 MARUICHI Co.,Ltd., Annual General Meeting, Jun 24, 2025, at 10:00 Tokyo Standard Time. Location: 576 kenmachi, nagano prefecture hotel kokusai 21, 3rd floor chitose room, nagano Japan Upcoming Dividend • Mar 21
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Declared Dividend • Mar 06
Dividend of JP¥11.00 announced Shareholders will receive a dividend of JP¥11.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 2.0%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 5.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Declared Dividend • Dec 04
First half dividend of JP¥11.00 announced Shareholders will receive a dividend of JP¥11.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 2.0%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 2.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Sep 30
MARUICHI Co.,Ltd. (NSE:8228) announces an Equity Buyback for 2,543,700 shares, representing 11% for ¥2,945.6 million. MARUICHI Co.,Ltd. (NSE:8228) announces a share repurchase program. Under the program, the company will repurchase up to 2,543,700 shares, representing 11% of its share capital, at ¥1,158 per share for ¥2,945.60 million. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment. As of March 31, 2024, the company had 23,121,000 shares outstanding (excluding treasury shares) and 946,153 shares in treasury. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥22.19 (vs JP¥13.98 in 1Q 2024) First quarter 2025 results: EPS: JP¥22.19 (up from JP¥13.98 in 1Q 2024). Revenue: JP¥63.0b (up 2.9% from 1Q 2024). Net income: JP¥491.0m (up 59% from 1Q 2024). Profit margin: 0.8% (up from 0.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥11.00 announced Shareholders will receive a dividend of JP¥11.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 1.8%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 5.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 19
MARUICHI Co.,Ltd., Annual General Meeting, Jun 25, 2024 MARUICHI Co.,Ltd., Annual General Meeting, Jun 25, 2024, at 10:00 Tokyo Standard Time. Location: 576 kencho, nagano prefecture hotel kokusai 21 3rd floor, nagano Japan Reported Earnings • May 15
Full year 2024 earnings released: EPS: JP¥70.10 (vs JP¥57.01 in FY 2023) Full year 2024 results: EPS: JP¥70.10 (up from JP¥57.01 in FY 2023). Revenue: JP¥254.8b (up 3.3% from FY 2023). Net income: JP¥1.55b (up 23% from FY 2023). Profit margin: 0.6% (up from 0.5% in FY 2023). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. 
