Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥60,300, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 132% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥30,286 per share. Reported Earnings • Jul 30
First quarter 2027 earnings: EPS and revenues miss analyst expectations First quarter 2027 results: EPS: JP¥362 (up from JP¥314 in 1Q 2026). Revenue: JP¥19.3b (up 12% from 1Q 2026). Net income: JP¥4.47b (up 15% from 1Q 2026). Profit margin: 23% (in line with 1Q 2026). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 29
Maruwa Co.,Ltd. Revises Consolidated Earnings Guidance for the Six Months Ending September 30, 2026 and Full Year of the Fiscal Year Ending March 31, 2027 Maruwa Co.,Ltd. revised consolidated earnings guidance for the Six months ending September 30, 2026 and full year of the fiscal year ending March 31, 2027. For the six months ending September 30, 2026, the company expects net sales of JPY 42,200 million and operating profit of JPY 14,800 million.
For the full year, the company forecasts net sales of JPY 93,300 million and operating profit of JPY 33,700 million. Declared Dividend • Jul 25
Final dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 29th September 2026 Payment date: 8th December 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.4%. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥59,710, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 173% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥30,660 per share. Duyuru • Jun 25
Maruwa Co.,Ltd. to Report Q1, 2027 Results on Jul 29, 2026 Maruwa Co.,Ltd. announced that they will report Q1, 2027 results on Jul 29, 2026 Reported Earnings • Jun 17
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥1,472 (down from JP¥1,559 in FY 2025). Revenue: JP¥74.5b (up 3.7% from FY 2025). Net income: JP¥18.2b (down 5.6% from FY 2025). Profit margin: 24% (down from 27% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 08
Price target increased by 9.4% to JP¥84,020 Up from JP¥76,800, the current price target is an average from 5 analysts. New target price is 24% above last closing price of JP¥67,750. Stock is up 90% over the past year. The company is forecast to post earnings per share of JP¥2,049 for next year compared to JP¥1,472 last year. Duyuru • May 11
Maruwa Co.,Ltd., Annual General Meeting, Jun 19, 2026 Maruwa Co.,Ltd., Annual General Meeting, Jun 19, 2026. Reported Earnings • May 09
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥1,472 (down from JP¥1,559 in FY 2025). Revenue: JP¥74.5b (up 3.7% from FY 2025). Net income: JP¥18.2b (down 5.6% from FY 2025). Profit margin: 24% (down from 27% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 18
Price target increased by 12% to JP¥72,800 Up from JP¥65,000, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥69,500. Stock is up 173% over the past year. The company is forecast to post earnings per share of JP¥1,562 for next year compared to JP¥1,559 last year. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥63,060, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 259% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥33,734 per share. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥51.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 6.9% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Price Target Changed • Feb 28
Price target increased by 10% to JP¥62,600 Up from JP¥56,900, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥61,280. Stock is up 84% over the past year. The company is forecast to post earnings per share of JP¥1,586 for next year compared to JP¥1,559 last year. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥52,580, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 203% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥24,422 per share. Reported Earnings • Feb 05
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: JP¥399 (down from JP¥448 in 3Q 2025). Revenue: JP¥19.1b (up 4.3% from 3Q 2025). Net income: JP¥4.92b (down 11% from 3Q 2025). Profit margin: 26% (down from 30% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 4.2%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Dec 25
Maruwa Co.,Ltd. to Report Q3, 2026 Results on Feb 03, 2026 Maruwa Co.,Ltd. announced that they will report Q3, 2026 results on Feb 03, 2026 Declared Dividend • Dec 09
First half dividend of JP¥51.00 announced Shareholders will receive a dividend of JP¥51.00. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 15%. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥48,210, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 176% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥23,899 per share. New Risk • Nov 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥43,620, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 138% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥28,262 per share. Reported Earnings • Nov 07
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: JP¥286 (down from JP¥319 in 2Q 2025). Revenue: JP¥15.9b (down 15% from 2Q 2025). Net income: JP¥3.54b (down 10% from 2Q 2025). Profit margin: 22% (up from 21% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. 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 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥51.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 6.2% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Duyuru • Sep 06
Maruwa Co.,Ltd. to Report Q2, 2026 Results on Nov 05, 2025 Maruwa Co.,Ltd. announced that they will report Q2, 2026 results on Nov 05, 2025 Reported Earnings • Jul 25
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: JP¥314 (down from JP¥365 in 1Q 2025). Revenue: JP¥17.3b (up 6.2% from 1Q 2025). Net income: JP¥3.88b (down 14% from 1Q 2025). Profit margin: 23% (down from 28% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic 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 36% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Aya Okauchi 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 • Jul 09
Final dividend of JP¥51.00 announced Shareholders will receive a dividend of JP¥51.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 0.2%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 8%. Duyuru • Jun 20
Maruwa Co.,Ltd. to Report Q1, 2026 Results on Jul 24, 2025 Maruwa Co.,Ltd. announced that they will report Q1, 2026 results on Jul 24, 2025 Buy Or Sell Opportunity • Jun 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥34,790. The fair value is estimated to be JP¥28,785, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 8.1%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Reported Earnings • Apr 26
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥1,559 (up from JP¥1,233 in FY 2024). Revenue: JP¥71.8b (up 17% from FY 2024). Net income: JP¥19.2b (up 27% from FY 2024). Profit margin: 27% (up from 25% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic 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 24% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 25
Maruwa Co.,Ltd., Annual General Meeting, Jun 20, 2025 Maruwa Co.,Ltd., Annual General Meeting, Jun 20, 2025. Buy Or Sell Opportunity • Apr 25
Now 27% overvalued Over the last 90 days, the stock has fallen 38% to JP¥29,490. The fair value is estimated to be JP¥23,196, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 8.5%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥26,095, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥23,390 per share. Duyuru • Mar 26
Maruwa Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2025 Maruwa Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥47.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. Payout ratio is a comfortable 6.0% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Buy Or Sell Opportunity • Feb 12
Now 25% overvalued Over the last 90 days, the stock has fallen 17% to JP¥40,180. The fair value is estimated to be JP¥32,092, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 8.5%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. Reported Earnings • Jan 30
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: JP¥448 (up from JP¥310 in 3Q 2024). Revenue: JP¥18.3b (up 8.0% from 3Q 2024). Net income: JP¥5.53b (up 44% from 3Q 2024). Profit margin: 30% (up from 23% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic 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 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥41,810, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 196% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥31,607 per share. New Risk • Jan 27
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 5.1% 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. This is currently the only risk that has been identified for the company. Duyuru • Jan 19
Maruwa Co.,Ltd. to Report Q3, 2025 Results on Jan 29, 2025 Maruwa Co.,Ltd. announced that they will report Q3, 2025 results on Jan 29, 2025 Price Target Changed • Dec 06
Price target increased by 15% to JP¥51,000 Up from JP¥44,500, the current price target is an average from 6 analysts. New target price is 13% above last closing price of JP¥45,160. Stock is up 66% over the past year. The company is forecast to post earnings per share of JP¥1,579 for next year compared to JP¥1,233 last year. Declared Dividend • Dec 03
First half dividend of JP¥47.00 announced Shareholders will receive a dividend of JP¥47.00. Ex-date: 28th March 2025 Payment date: 23rd June 2025 Dividend yield will be 0.2%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 3%. Cash payout ratio: 9%. Reported Earnings • Oct 31
Second quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2025 results: EPS: JP¥319 (up from JP¥319 in 2Q 2024). Revenue: JP¥18.6b (up 21% from 2Q 2024). Net income: JP¥3.94b (flat on 2Q 2024). Profit margin: 21% (down from 26% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥42,750, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 278% over the past three years. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥47.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 6.3% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥30,100, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 174% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥14,772 per share. Reported Earnings • Jul 31
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: JP¥365 (up from JP¥231 in 1Q 2024). Revenue: JP¥16.2b (up 28% from 1Q 2024). Net income: JP¥4.50b (up 58% from 1Q 2024). Profit margin: 28% (up from 22% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Price Target Changed • Jul 23
Price target increased by 9.8% to JP¥40,792 Up from JP¥37,150, the current price target is an average from 6 analysts. New target price is 7.1% above last closing price of JP¥38,100. Stock is up 71% over the past year. The company is forecast to post earnings per share of JP¥1,467 for next year compared to JP¥1,233 last year. Declared Dividend • Jul 11
Final dividend increased to JP¥47.00 Dividend of JP¥47.00 is 9.3% higher than last year. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 0.2%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 18%. Duyuru • Jun 28
Maruwa Co.,Ltd. to Report Q1, 2025 Results on Jul 29, 2024 Maruwa Co.,Ltd. announced that they will report Q1, 2025 results on Jul 29, 2024 Reported Earnings • Jun 26
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥1,233 (up from JP¥1,217 in FY 2023). Revenue: JP¥61.6b (up 4.7% from FY 2023). Net income: JP¥15.2b (up 1.3% from FY 2023). Profit margin: 25% (in line with FY 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 2.8%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 26
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥1,233 (up from JP¥1,217 in FY 2023). Revenue: JP¥61.6b (up 4.7% from FY 2023). Net income: JP¥15.2b (up 1.3% from FY 2023). Profit margin: 25% (in line with FY 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 2.8%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 04
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 6.0% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 7.5% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.4%). Duyuru • Mar 02
Maruwa Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2024 Maruwa Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2024 Price Target Changed • Feb 21
Price target increased by 16% to JP¥31,635 Up from JP¥27,350, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥30,850. Stock is up 82% over the past year. The company is forecast to post earnings per share of JP¥1,237 for next year compared to JP¥1,217 last year. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥310 (vs JP¥270 in 3Q 2023) Third quarter 2024 results: EPS: JP¥310 (up from JP¥270 in 3Q 2023). Revenue: JP¥17.0b (up 14% from 3Q 2023). Net income: JP¥3.83b (up 15% from 3Q 2023). Profit margin: 23% (in line with 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Dec 29
Maruwa Co.,Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Maruwa Co.,Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥27,360, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 162% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥17,696 per share. Reported Earnings • Oct 28
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥319 (down from JP¥366 in 2Q 2023). Revenue: JP¥15.3b (down 2.4% from 2Q 2023). Net income: JP¥3.93b (down 13% from 2Q 2023). Profit margin: 26% (down from 29% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 7.8%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 31% per year. New Risk • Oct 27
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 5.5% 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. This is currently the only risk that has been identified for the company.