Maruichi Steel Tube Ltd. (JP:5463)
:5463
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Maruichi Steel Tube Ltd.
(5463)
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Rating:75Outperform
Price Target:
¥2,163.00
▲(68.92% Upside)
Action:Reiterated
Date:05/17/26
The score is driven primarily by strong financial fundamentals—especially an exceptionally conservative balance sheet—offset by inconsistent free cash flow and recent revenue softness. Technically, the uptrend is strong but looks overextended (very high RSI/Stoch), while valuation is reasonable with a moderate dividend yield.
Positive Factors
Conservative balance sheet
Exceptionally low leverage and steadily built equity provide durable financial flexibility. This conservatism supports capital spending, dividend sustainment and downside protection through steel cycles, enabling the company to fund operations or opportunistic investments without straining liquidity.
Negative Factors
Recent revenue weakness
A multi-year revenue decline trend signals demand softness in end markets or lost volumes; for a volume-driven steel business this reduces operating leverage and limits scale benefits. Sustained top-line weakness could pressure margins and investment capacity over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Exceptionally low leverage and steadily built equity provide durable financial flexibility. This conservatism supports capital spending, dividend sustainment and downside protection through steel cycles, enabling the company to fund operations or opportunistic investments without straining liquidity.
Read all positive factors
Maruichi Steel Tube Ltd. (5463) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥434.26B
Dividend Yield3.26%
Average Volume (3M)461.40K
Price to Earnings (P/E)12.0
Beta (1Y)0.68
Revenue Growth-6.84%
EPS Growth4.65%
CountryJP
Employees2,519
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)N/A
Shares Outstanding252,000,000
10 Day Avg. Volume365,040
30 Day Avg. Volume461,400
Financial Highlights & Ratios
PEG Ratio2.60
Price to Book (P/B)0.92
Price to Sales (P/S)1.32
P/FCF Ratio65.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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, includ...
How the Company Makes Money
Maruichi Steel Tube makes money primarily by selling steel pipe and tube products. Its revenue model is largely volume- and pricing-driven: it purchases steel coil and other steel inputs, manufactures welded steel tubes (and performs related proce...
Maruichi Steel Tube Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 253.85B | 243.76B | 261.65B | 271.31B | 273.42B | 224.22B |
| Gross Profit | 42.02B | 52.14B | 43.80B | 53.50B | 46.71B | 51.73B |
| EBITDA | 35.88B | 40.03B | 47.96B | 45.08B | 40.83B | 44.30B |
| Net Income | 24.64B | 26.68B | 27.03B | 26.11B | 24.16B | 27.76B |
Balance Sheet | ||||||
| Total Assets | 410.38B | 422.37B | 425.63B | 429.53B | 393.17B | 370.08B |
| Cash, Cash Equivalents and Short-Term Investments | 104.72B | 105.80B | 117.33B | 105.37B | 100.16B | 84.24B |
| Total Debt | 4.82B | 4.39B | 3.69B | 5.37B | 9.20B | 3.68B |
| Total Liabilities | 60.87B | 60.43B | 65.90B | 69.03B | 68.94B | 62.48B |
| Stockholders Equity | 336.00B | 348.43B | 344.37B | 347.12B | 313.63B | 297.64B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 4.94B | 3.51B | 19.95B | 17.86B | 8.26B |
| Operating Cash Flow | 0.00 | 20.41B | 28.14B | 35.69B | 24.49B | 15.10B |
| Investing Cash Flow | 0.00 | 1.14B | 13.70B | -18.85B | 4.30B | -10.01B |
| Financing Cash Flow | 0.00 | -27.88B | -26.29B | -15.25B | -7.62B | -16.66B |
Maruichi Steel Tube Ltd. Technical Analysis
Positive
1280.50
Price Trends
1495.63
Positive
1505.41
Positive
1388.83
Positive
Market Momentum
95.12
Negative
71.42
Negative
80.76
Negative
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 1570.05, below the 50-day MA of 1495.63, and below the 200-day MA of 1388.83, indicating a bullish trend. The MACD of 95.12 indicates Negative momentum. The RSI at 71.42 is Negative, neither overbought nor oversold. The STOCH value of 80.76 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥434.26B | 12.05 | ― | 3.26% | -6.84% | 4.65% | |
72 Outperform | ¥182.46B | 11.55 | 6.87% | 5.25% | -6.28% | 29.00% | |
71 Outperform | ¥180.09B | 27.66 | 5.06% | 1.80% | 1.69% | 71.95% | |
69 Neutral | ¥739.64B | 7.95 | 10.78% | 4.68% | -4.64% | -21.94% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | ¥2.89T | 175.42 | -0.26% | 4.53% | 15.73% | -95.40% | |
49 Neutral | ¥983.20B | 16.46 | 2.09% | 4.59% | -6.59% | -23.63% |
* Basic Materials Sector Average
JP:5463
Maruichi Steel Tube Ltd.
1,832.00
724.05
65.35%
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16.87%
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1,063.73
58.96%
Maruichi Steel Tube Ltd. Corporate Events
Maruichi Steel Tube Reports FY2026 Results and Outlines Strategy
May 13, 2026
Maruichi Steel Tube Ltd. released its financial results for the fiscal year ended March 31, 2026, detailing consolidated performance and key metrics. The disclosure also outlines the current business environment, a review of its medium‑term ...
Maruichi Steel Tube Revamps Top Management to Drive 2030 Vision
May 13, 2026
Maruichi Steel Tube Ltd. has announced a significant reshuffle of its top management, including the creation of a new Vice Chairman role to support the Chairman and accelerate long-term growth initiatives under its “Maruichi 2030 Vision.R...
Maruichi Steel Tube Launches Up to ¥10 Billion Share Buyback
May 13, 2026
Maruichi Steel Tube Ltd. has authorized a share repurchase program, allowing the company to buy back up to 6 million common shares, or about 2.71% of its outstanding stock, for a maximum of 10 billion yen between May 14, 2026 and March 31, 2027. T...
Maruichi Steel Tube Raises Annual Dividend Following Stock Split
May 13, 2026
Maruichi Steel Tube Ltd. has approved a year-end dividend of 22.50 yen per share, with March 31, 2026 as the record date and June 25, 2026 as the payment date, funded from retained earnings. The dividend reflects the impact of a 3-for-1 stock spli...
Maruichi Steel Tube Lifts Profit on Strong Margins, Projects Sales Rebound in FY2027
May 13, 2026
Maruichi Steel Tube reported consolidated net sales of ¥243.8 billion for the year ended March 31, 2026, down 6.8% year on year, but operating profit jumped 39.8% to ¥32.0 billion and ordinary profit rose 28.5%, reflecting improved margi...
Maruichi Steel Tube to Open Shimonoseki Plant in Semiconductor, Decarbonization Push
Apr 7, 2026
Maruichi Steel Tube Ltd. has approved organizational and personnel changes at a group subsidiary as part of its strategy to make the semiconductor and decarbonization industries core drivers of future growth. The company will establish a new stain...
Maruichi Steel Tube Nears Completion of ¥12 Billion Share Buyback Program
Mar 2, 2026
Maruichi Steel Tube Ltd. has completed a tranche of its share buyback program, repurchasing 604,200 common shares on the Tokyo Stock Exchange between February 1 and February 28, 2026, at a total cost of about 964 million yen. This transaction form...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.