Maruwa Co (5344) AI Stock Analysis

• Market Cap: ¥811.08B
• Dividend Yield: 0.23%
• Average Volume (3M): 165.71K
• Price to Earnings (P/E): 26.7
• Beta (1Y): 1.21
• Revenue Growth: 2.66%
• EPS Growth: 7.90%
• Country: JP
• Employees: 1,380
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 398.68
• Shares Outstanding: 12,372,000
• 10 Day Avg. Volume: 107,890
• 30 Day Avg. Volume: 165,706
• PEG Ratio: 0.74
• Price to Book (P/B): 2.93
• Price to Sales (P/S): 5.21
• P/FCF Ratio: 24.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥67,000.00
• Price Target Upside: 0.51% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 2,181.51
• Revenue Forecast (FY): ¥90.25B

• Rating: 81 Outperform
• Price Target: ¥77,059.00 ▲(15.60% Upside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 02/21/26

The score is driven primarily by excellent financial strength—strong margins, strong ROE, and a debt-free balance sheet—supported by clear bullish technical momentum. These positives are partially offset by a high P/E with a very low dividend yield, and by the noted slowdown in FY2025 revenue growth and free-cash-flow variability.

Positive Factors

High Profitability

Sustained, very high gross and net margins indicate durable product-level economics and pricing power in specialty ceramics. Over 2-6 months this supports reinvestment, margin resilience through cost cycles, and the ability to fund R&D or premium manufacturing that preserves competitive positioning.

Negative Factors

Revenue Growth Slowdown

A tangible slowdown to low-single-digit revenue growth reduces the company's ability to leverage fixed costs and expand scale advantages. Over the next 2-6 months, slower top-line momentum can limit reinvestment capacity and constrain incremental margin expansion from higher volumes.

Maruwa Co Business Overview & Revenue Model

Company Description

Maruwa Co., Ltd. produces and sells ceramics and electronic parts in Japan. The company offers ceramics, including ceramic substrates and fillers, metalized/multilayer ceramic substrates, and pressed ceramic products, as well as ceramic hermetic s...

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Maruwa Co., Ltd. produces and sells ceramics and electronic parts in Japan. The company offers ceramics, including ceramic substrates and fillers, metalized/multilayer ceramic substrates, and pressed ceramic products, as well as ceramic hermetic s...

How the Company Makes Money

Maruwa generates revenue primarily by manufacturing and selling ceramic-based products to corporate customers (e.g., electronics, semiconductor, and industrial equipment manufacturers). Its core revenue streams typically include: (1) sales of cera...

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Maruwa generates revenue primarily by manufacturing and selling ceramic-based products to corporate customers (e.g., electronics, semiconductor, and industrial equipment manufacturers). Its core revenue streams typically include: (1) sales of cera...

Maruwa Co Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	72.86B	71.85B	61.56B	58.80B	54.34B	41.44B
Gross Profit	39.97B	38.60B	30.14B	29.83B	26.76B	17.88B
EBITDA	32.07B	31.60B	23.94B	23.23B	20.79B	12.44B
Net Income	18.62B	19.24B	15.22B	15.02B	13.35B	6.94B
Balance Sheet
Total Assets	141.28B	142.28B	122.52B	108.03B	95.90B	78.06B
Cash, Cash Equivalents and Short-Term Investments	69.69B	71.79B	55.25B	49.80B	44.62B	34.09B
Total Debt	0.00	0.00	400.00M	733.00M	1.70B	1.97B
Total Liabilities	9.81B	14.43B	13.31B	13.81B	16.22B	11.72B
Stockholders Equity	131.47B	127.85B	109.20B	94.22B	79.68B	66.34B
Cash Flow
Free Cash Flow	0.00	15.37B	5.97B	6.95B	11.02B	5.18B
Operating Cash Flow	0.00	25.35B	17.22B	15.65B	14.76B	10.71B
Investing Cash Flow	0.00	-7.68B	-10.81B	-8.76B	-3.52B	-5.38B
Financing Cash Flow	0.00	-1.51B	-1.36B	-1.88B	-1.13B	-801.92M

Maruwa Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 66660.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5344, the sentiment is Positive. The current price of 66660 is above the 20-day moving average (MA) of 58317.77, above the 50-day MA of 56476.41, and above the 200-day MA of 46362.10, indicating a bullish trend. The MACD of 1795.69 indicates Negative momentum. The RSI at 62.45 is Neutral, neither overbought nor oversold. The STOCH value of 93.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5344.

Maruwa Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5344	81 Outperform	¥811.08B	26.71	13.15%	0.23%	2.66%	7.90%
6806	78 Outperform	¥693.42B	15.50	8.07%	2.85%	11.18%	-0.75%
6981	74 Outperform	¥7.69T	59.16	8.95%	1.88%	2.88%	28.76%
6762	67 Neutral	¥4.30T	15.03	―	1.41%	7.73%	-1.93%
6807	64 Neutral	¥165.87B	29.59	5.91%	2.39%	-3.24%	-25.21%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6976	56 Neutral	¥637.10B	15.62	―	2.57%	4.81%	-49.43%

Maruwa Co Corporate Events