Maruichi Steel Tube Ltd. (5463) AI Stock Analysis

• Market Cap: ¥344.05B
• Dividend Yield: 3.32%
• Average Volume (3M): 555.71K
• Price to Earnings (P/E): 11.1
• Beta (1Y): 0.57
• Revenue Growth: -7.77%
• EPS Growth: 58.84%
• Country: JP
• Employees: 2,519
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 28.78
• Shares Outstanding: 252,000,000
• 10 Day Avg. Volume: 476,760
• 30 Day Avg. Volume: 555,706
• PEG Ratio: 3.08
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 1.02
• P/FCF Ratio: 75.86
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 98.77
• Revenue Forecast (FY): ¥246.05B

• Rating: 74 Outperform
• Price Target: ¥1,433.00 ▲(11.91% Upside)

Maruichi Steel Tube Ltd. demonstrates strong financial performance with a solid balance sheet and profitability, contributing significantly to the overall score. The technical analysis indicates a positive trend, supporting the stock's outlook. The valuation is favorable, with a low P/E ratio and attractive dividend yield, enhancing the stock's appeal. The absence of earnings call data and corporate events does not impact the score.

Positive Factors

Balance Sheet Strength

A strong balance sheet with low leverage enhances financial stability, providing flexibility for future investments and resilience against economic downturns.

Profitability

Sustained profitability indicates effective cost management and competitive pricing, supporting long-term financial health and shareholder value.

Market Position

Strong market position due to innovation and quality enhances competitive advantage, supporting sustained demand and market share in key sectors.

Negative Factors

Revenue Growth Volatility

Volatile revenue growth can signal market challenges or demand fluctuations, potentially impacting long-term strategic planning and investment.

Free Cash Flow Challenges

Decreasing free cash flow may restrict the company's ability to reinvest in growth opportunities or return capital to shareholders, affecting future performance.

Revenue Decline

A decline in revenue can indicate weakening market demand or competitive pressures, potentially impacting the company's ability to sustain growth and profitability.

Maruichi Steel Tube Ltd. Business Overview & Revenue Model

Company Description

Maruichi Steel Tube Ltd. (5463) is a prominent Japanese manufacturer specializing in steel pipes and tubes. The company operates primarily in the construction and industrial sectors, providing high-quality products for various applications, including automotive, construction, and infrastructure development. Maruichi Steel Tube is known for its innovative manufacturing processes and commitment to quality, catering to both domestic and international markets.

How the Company Makes Money

Maruichi Steel Tube generates revenue through the production and sale of steel pipes and tubes, which are essential components in various industries, particularly construction and manufacturing. The company benefits from a diversified customer base, including large construction firms and industrial manufacturers, which provides stability to its revenue streams. Additionally, Maruichi engages in strategic partnerships and collaborations, enhancing its market reach and product offerings. The company may also explore opportunities in aftermarket services and value-added solutions, contributing further to its earnings.

Maruichi Steel Tube Ltd. Financial Statement Overview

Summary

Maruichi Steel Tube Ltd. exhibits a solid financial position with strong profitability and a conservative balance sheet. While revenue growth has shown some volatility, the company maintains a healthy net profit margin and robust equity position. Cash flows are stable, though there's room for improvement in free cash flow generation to support future investments and shareholder returns.

Income Statement

Maruichi Steel Tube Ltd. has demonstrated strong performance with consistent revenue generation and profitability. The gross profit margin remains robust, supported by efficient cost management. However, the revenue growth has been slightly fluctuating, with a decline in the most recent year. The net profit margin remains healthy, reflecting solid bottom-line results.

Balance Sheet

The company's balance sheet is strong, with a low debt-to-equity ratio indicating conservative leverage. The equity ratio is high, showcasing a solid financial foundation. Return on equity remains impressive, highlighting effective use of shareholder funds. The company enjoys substantial cash reserves, further enhancing its financial stability.

Cash Flow

Maruichi Steel Tube Ltd. maintains a stable operating cash flow, though there has been a notable decrease in free cash flow in the latest period. The operating cash flow to net income ratio is strong, indicating efficient cash conversion from profits. However, the free cash flow growth rate has recently slowed down, suggesting potential challenges in cash generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	253.85B	261.65B	271.31B	273.42B	224.22B	161.14B
Gross Profit	42.02B	43.80B	53.50B	46.71B	51.73B	31.92B
EBITDA	44.78B	47.96B	45.08B	40.83B	44.30B	26.59B
Net Income	24.64B	27.03B	26.11B	24.16B	27.76B	13.86B
Balance Sheet
Total Assets	410.38B	425.63B	429.53B	393.17B	370.08B	330.25B
Cash, Cash Equivalents and Short-Term Investments	104.72B	117.33B	105.37B	100.16B	84.24B	97.42B
Total Debt	4.82B	3.69B	7.67B	9.20B	3.68B	8.44B
Total Liabilities	60.87B	65.90B	69.03B	68.95B	62.49B	53.28B
Stockholders Equity	336.00B	344.37B	347.12B	313.63B	297.64B	269.40B
Cash Flow
Free Cash Flow	0.00	3.51B	19.95B	17.86B	8.26B	18.09B
Operating Cash Flow	0.00	28.14B	35.69B	24.49B	15.10B	24.36B
Investing Cash Flow	0.00	13.70B	-20.98B	4.30B	-10.01B	-16.84B
Financing Cash Flow	0.00	-26.29B	-13.12B	-7.62B	-16.66B	-13.97B

Maruichi Steel Tube Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1280.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5463, the sentiment is Positive. The current price of 1280.5 is below the 20-day moving average (MA) of 1392.68, below the 50-day MA of 1331.96, and above the 200-day MA of 1203.96, indicating a bullish trend. The MACD of 30.06 indicates Positive momentum. The RSI at 61.60 is Neutral, neither overbought nor oversold. The STOCH value of 45.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5463.

Maruichi Steel Tube Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5471	82 Outperform	€296.91B	10.23	6.84%	3.10%	-0.02%	-40.45%
5463	74 Outperform	¥344.05B	11.14	―	3.32%	-7.77%	58.84%
5451	74 Outperform	¥203.90B	13.72	6.87%	5.38%	-1.43%	171.44%
5423	73 Outperform	$147.86B	8.92	7.36%	3.48%	-18.72%	-25.26%
5482	72 Outperform	€175.80B	17.04	5.06%	1.89%	4.10%	152.90%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
5449	61 Neutral	¥76.74B	1,893.27	―	1.26%	-12.05%	-97.36%

Maruichi Steel Tube Ltd. Corporate Events

Maruichi Steel Tube Ltd. Reports Progress on Share Repurchase Program

Maruichi Steel Tube Ltd. has announced the progress of its share repurchase program, acquiring 3,674,900 of its own common shares at a cost of 4,846,402,050 yen between November 1 and November 30, 2025. This move is part of a broader strategy, as outlined in a board resolution, to repurchase up to 9,000,000 shares by March 31, 2026, with a total acquisition cost not exceeding 12,000,000,000 yen. The share buyback is expected to impact the company’s capital structure and potentially enhance shareholder value.

Maruichi Steel Tube Ltd. Completes Share Repurchase

Maruichi Steel Tube Ltd. has completed a share repurchase of 2,889,100 common shares at a cost of 3,777,498,250 yen through the ToSTNeT-3 system. This move is part of a broader capital policy strategy to adapt to changing business conditions, with a maximum of 9 million shares authorized for repurchase by March 2026.

Maruichi Steel Tube Ltd. Announces Share Repurchase Plan

Maruichi Steel Tube Ltd. has announced a planned repurchase of up to 3,500,000 of its own shares through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) at a price of ¥1,307.5 per share. This move, part of a broader strategy approved by the Board of Directors, aims to enhance shareholder value and optimize capital structure, potentially impacting the company’s market positioning and financial performance.

Maruichi Steel Tube Ltd. Reports Improved Profitability Amid Declining Sales

Maruichi Steel Tube Ltd. reported its consolidated financial results for the six months ended September 30, 2025, showing a decline in net sales by 9.7% compared to the previous year. Despite the decrease in sales, the company achieved an 18.6% increase in operating profit and a 45.1% rise in profit attributable to owners of the parent, indicating improved profitability. The company conducted a 3-for-1 stock split on October 1, 2025, which affected earnings per share calculations. The financial forecast for the fiscal year ending March 31, 2026, anticipates a 6.4% decline in net sales but a significant increase in operating profit by 41.4%, suggesting strategic adjustments to enhance operational efficiency.

Maruichi Steel Tube Ltd. Advances Share Repurchase Program

Maruichi Steel Tube Ltd. announced the progress of its share repurchase program, acquiring 1,020,300 shares at a cost of 1,312,713,650 yen during October 2025. This initiative is part of a broader plan authorized by the Board of Directors to repurchase up to 9,000,000 shares by March 2026, aiming to enhance shareholder value and optimize capital structure.

Maruichi Steel Tube Ltd. Reports Progress on Share Repurchase Program

Maruichi Steel Tube Ltd. announced the progress of its share repurchase program, acquiring 277,300 common shares for approximately 1.07 billion yen between September 1 and September 30, 2025. This move is part of a broader initiative authorized by the Board of Directors to repurchase up to 9 million shares, aiming to optimize capital structure and enhance shareholder returns.