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

• Market Cap: ¥62.46B
• Dividend Yield: 3.43%
• Average Volume (3M): 4.04K
• Price to Earnings (P/E): 11.5
• Beta (1Y): 0.32
• 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: ¥4,495.00 ▲(21.49% 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 double‑digit growth in operating and free cash flow improves financial flexibility for capital expenditure, debt servicing, share buybacks, or dividends. Reliable cash conversion supports durable reinvestment into the business and cushions against cyclical downturns.

Conservative balance sheet

A low leverage profile and high equity ratio reduce refinancing risk and interest burden, enabling resilience through cycles. This capital structure allows management to pursue strategic investments or weather sector slowdowns without compromising solvency over the medium term.

Consistent revenue and margin improvement

Steady top‑line growth combined with healthy gross and improving net margins indicate effective pricing and cost control. Margin stability enhances long‑term profitability and underpins free cash flow, strengthening the company’s ability to fund growth and shareholder returns.

Negative Factors

Moderate return on equity

ROE below double‑digit levels suggests the company may not be fully extracting returns from shareholder capital. Persistently moderate ROE can limit long‑term shareholder value creation unless offset by strong cash yields or accelerated organic growth and operational leverage.

Single‑digit revenue growth

Consistently modest, single‑digit top‑line growth constrains scale advantages and may require continued margin improvement or capital returns to satisfy investors. Over a multi‑quarter horizon, limited organic expansion raises pressure to find higher‑growth opportunities or M&A to accelerate earnings.

Moderate net profitability

A mid‑single‑digit net margin leaves less buffer against input cost inflation or pricing pressure and limits retained earnings for reinvestment. Without material margin expansion, the company may struggle to significantly boost returns or fund large strategic initiatives from operating profits alone.

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	68.61B	66.09B	62.25B	55.80B
Cash, Cash Equivalents and Short-Term Investments	37.72B	35.85B	33.07B	31.58B	29.10B	22.62B
Total Debt	961.84M	12.68M	21.88M	21.36M	291.34M	24.00M
Total Liabilities	23.08B	22.16B	23.33B	22.70B	20.78B	16.73B
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: Neutral

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 3997.85, below the 50-day MA of 3864.98, and above the 200-day MA of 3581.18, indicating a neutral trend. The MACD of 2.39 indicates Positive momentum. The RSI at 51.59 is Neutral, neither overbought nor oversold. The STOCH value of 28.32 is Neutral, 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	¥57.26B	12.82	―	3.47%	13.90%	6.51%
5982	77 Outperform	¥62.46B	11.48	―	3.43%	5.51%	13.00%
6237	76 Outperform	¥57.44B	10.64	―	2.79%	2.85%	3.17%
6381	75 Outperform	¥66.86B	13.24	―	3.95%	-1.67%	-4.39%
6118	74 Outperform	¥61.80B	24.26	―	2.54%	2.00%	39.80%
6363	70 Outperform	¥71.38B	4.09	―	3.09%	6.35%	-34.20%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%