Maruzen Co., Ltd. (5982) AI Stock Analysis

• Market Cap: ¥63.49B
• Dividend Yield: 3.43%
• Average Volume (3M): 4.04K
• Price to Earnings (P/E): 11.5
• Beta (1Y): 0.30
• Revenue Growth: 5.51%
• EPS Growth: 13.00%
• Country: JP
• Employees: 1,271
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 77.11
• Shares Outstanding: 19,780,000
• 10 Day Avg. Volume: 4,750
• 30 Day Avg. Volume: 4,036
• PEG Ratio: 0.39
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 0.78
• P/FCF Ratio: 11.14
• 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): 347.2
• Revenue Forecast (FY): ¥69.20B

• Rating: 77 Outperform
• Price Target: ¥4,438.00 ▲(19.95% Upside)
• Action: Reiterated Date: 08/05/25
• Date: Action: Reiterated 08/05/25

Maruzen Co., Ltd. demonstrates strong financial performance with robust revenue growth and cash generation, which is the most significant factor. The stock's valuation indicates it is undervalued, supported by a healthy dividend yield. Technical analysis shows a positive trend, although short-term indicators suggest potential consolidation. Overall, the company is well-positioned for growth with stable financials and appealing valuation metrics.

Positive Factors

Strong cash generation

Sustained operating cash flow growth (+16.49%) and near-15% free cash flow expansion indicate durable internal funding. This supports capex, dividends, and debt flexibility over 2-6 months and reduces dependence on external financing during industry cycles.

Conservative balance sheet

A high equity ratio (68.62%) and very low leverage provide lasting financial resilience. This conservative capital structure preserves strategic optionality for acquisitions or downturns, lowers refinancing risk, and strengthens credit profile over multiple quarters.

Consistent revenue and healthy margins

Steady top-line growth with mid-20s gross margins and improving net margin reflects durable pricing and cost control. These structural margins support reinvestment and earnings stability, helping sustain returns and operations through medium-term market cycles.

Negative Factors

Modest return on equity

An ROE under 10% suggests equity is not being leveraged to generate superior shareholder returns. Over 2-6 months this may limit EPS growth potential unless management improves asset efficiency or capital allocation to boost returns.

Moderate revenue growth rate

Mid-single-digit revenue growth implies limited expansion versus faster-growing sectors. Structurally, slower top-line momentum can constrain scalability and the ability to rapidly capture market share, requiring strategic initiatives to accelerate growth.

Moderate net margin level

A net margin near 7% offers limited cushion against cost inflation or demand weakness. In capital-intensive machinery industries, higher margins provide strategic reinvestment capacity; modest margins may pressure discretionary spending or shareholder returns if conditions worsen.

Maruzen Co., Ltd. Business Overview & Revenue Model

Company Description

Maruzen Co., Ltd. engages in the manufacture and sale of commercial kitchen equipment. The company offers fryers, grillers, Gyoza cookers, ramen boilers, frozen/raw noodle boilers, electric/IH noodle boilers, griddles, gas table stoves, gas burners, steamers, rice cookers, and water pressure rice washers, as well as gas and Chinese range products. It serves restaurant chains, hotels, convenience stores, supermarkets, and other customers. The company sells its products in Japan, Australia, China, Hong Kong, Indonesia, Korea, Malaysia, the Philippines, Singapore, the United States, Vietnam, Cambodia, Myanmar, etc. Maruzen Co., Ltd. was founded in 1961 and is headquartered in Tokyo, Japan.

How the Company Makes Money

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Maruzen Co., Ltd. Financial Statement Overview

Summary

Maruzen Co., Ltd. exhibits strong financial health characterized by robust revenue growth, efficient operational performance, and solid cash generation. The company maintains a conservative capital structure with low leverage, enhancing its financial stability. While profitability metrics are strong, there is room for improvement in return on equity. Overall, the financials suggest a well-managed company with a positive growth trajectory and financial resilience.

Income Statement

The company shows strong revenue growth with a 6.03% increase from 2024 to 2025. Gross profit margin is healthy, maintaining a level of around 27.72% for 2025. The net profit margin has improved to 7.23%, indicating efficient cost management. EBIT and EBITDA margins are solid, reflecting good operational efficiency. The consistent growth and strong margins highlight a robust income statement with few weaknesses.

Balance Sheet

The company has a very low debt-to-equity ratio, indicating financial stability and low leverage risk. Return on equity is at 9.58%, showing decent profitability relative to shareholder's equity. The equity ratio is strong at 68.62%, suggesting a stable capital structure. The balance sheet shows robust equity and minimal debt, enhancing financial resilience, although a slightly higher ROE could indicate better utilization of equity.

Cash Flow

Operating cash flow is strong, with a 16.49% increase from 2024 to 2025, indicating healthy operational cash generation. Free cash flow growth is impressive at 14.92%, supporting potential reinvestment and shareholder returns. The operating cash flow to net income ratio is 1.17, reflecting efficient cash generation from profits. Overall, the cash flow statement demonstrates strong cash generation capabilities and efficient capital management.

Breakdown	TTM	Feb 2025	Feb 2024	Feb 2023	Feb 2022	Feb 2021
Income Statement
Total Revenue	65.44B	64.25B	60.60B	57.53B	52.83B	45.41B
Gross Profit	18.20B	17.81B	16.25B	14.42B	14.47B	13.30B
EBITDA	7.06B	7.56B	5.72B	4.40B	4.70B	4.62B
Net Income	4.81B	4.65B	3.71B	2.82B	2.87B	2.50B
Balance Sheet
Total Assets	73.03B	70.65B	67.88B	65.56B	61.76B	55.30B
Cash, Cash Equivalents and Short-Term Investments	37.72B	35.85B	33.07B	31.58B	29.10B	22.62B
Total Debt	961.84M	72.00M	183.43M	383.08M	638.39M	1.05B
Total Liabilities	23.08B	22.16B	22.61B	22.17B	20.28B	16.22B
Stockholders Equity	49.95B	48.49B	45.27B	43.39B	41.47B	39.07B
Cash Flow
Free Cash Flow	0.00	4.52B	3.93B	3.46B	7.06B	373.47M
Operating Cash Flow	0.00	5.43B	4.66B	4.10B	7.69B	1.53B
Investing Cash Flow	0.00	-12.91B	-759.78M	-638.14M	-712.14M	-1.12B
Financing Cash Flow	0.00	-1.75B	-2.41B	-978.83M	-494.24M	-901.52M

Maruzen Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3700.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5982, the sentiment is Positive. The current price of 3700 is below the 20-day moving average (MA) of 4015.07, below the 50-day MA of 3826.81, and above the 200-day MA of 3560.72, indicating a neutral trend. The MACD of 41.30 indicates Positive momentum. The RSI at 47.37 is Neutral, neither overbought nor oversold. The STOCH value of 14.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5982.

Maruzen Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6309	79 Outperform	¥60.23B	12.33	―	3.47%	13.90%	6.51%
5982	77 Outperform	¥63.49B	11.48	―	3.43%	5.51%	13.00%
6237	76 Outperform	¥58.82B	10.64	―	2.79%	2.85%	3.17%
6381	75 Outperform	¥65.38B	13.24	―	3.95%	-1.67%	-4.39%
6118	74 Outperform	¥63.64B	24.26	―	2.54%	2.00%	39.80%
6363	70 Outperform	¥69.09B	4.09	―	3.09%	6.35%	-34.20%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%