Marumae Co., Ltd. (6264) AI Stock Analysis

• Market Cap: ¥28.91B
• Dividend Yield: 2.04%
• Average Volume (3M): 210.97K
• Price to Earnings (P/E): 19.3
• Beta (1Y): 1.34
• Revenue Growth: 140.12%
• EPS Growth: 6842.82%
• Country: JP
• Employees: 198
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 34.32
• Shares Outstanding: 13,053,000
• 10 Day Avg. Volume: 333,440
• 30 Day Avg. Volume: 210,966
• PEG Ratio: <0.01
• Price to Book (P/B): 2.50
• Price to Sales (P/S): 1.79
• P/FCF Ratio: 13.05
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ¥2,022.00 ▲(9.47% Upside)

Marumae Co., Ltd. demonstrates strong financial performance with notable revenue growth and profitability. However, technical indicators suggest bearish momentum, and the company's increased leverage poses a financial risk. The stock is reasonably valued with a decent dividend yield, making it a moderate investment opportunity.

Positive Factors

Revenue Growth

Significant revenue growth indicates strong demand for Marumae's products and successful market expansion, supporting long-term business sustainability.

Profitability Improvements

Improved profit margins reflect enhanced operational efficiency and cost management, contributing to stronger financial health and competitive positioning.

Cash Generation Ability

Strong cash generation relative to net income ensures liquidity and financial flexibility, enabling reinvestment in growth opportunities and debt management.

Negative Factors

Increased Leverage

Higher leverage can increase financial risk, potentially impacting the company's ability to invest in growth and manage economic downturns effectively.

Volatile Cash Flow Growth

Volatility in cash flow growth can lead to uncertainty in financial planning and investment capacity, affecting long-term strategic initiatives.

Revenue Volatility

Past revenue declines suggest potential market or operational challenges, which could impact future growth stability and investor confidence.

Marumae Co., Ltd. Business Overview & Revenue Model

Company Description

Marumae Co., Ltd. (6264) is a Japanese company primarily engaged in the manufacturing and sales of various electronic components and materials. Operating across sectors such as semiconductor materials, electronic devices, and industrial equipment, the company focuses on innovation and quality to serve a diverse clientele in the technology and manufacturing industries. Its core products include high-performance materials used in semiconductor production, as well as specialized equipment designed to enhance production efficiency.

How the Company Makes Money

Marumae Co., Ltd. generates revenue through the sale of its electronic components and materials to various industries, including semiconductor and electronics manufacturing. The company has established key revenue streams from the supplying of high-purity chemicals and other specialized materials essential for semiconductor fabrication. Additionally, Marumae engages in partnerships with leading technology firms, enhancing their product offerings and market reach. Their revenue model is further supported by ongoing research and development efforts that lead to innovative products, thereby attracting new clients and expanding their market share.

Marumae Co., Ltd. Financial Statement Overview

Summary

Marumae Co., Ltd. shows strong revenue growth and profitability improvements, with efficient operational margins. However, increased leverage and fluctuating cash flow growth present potential risks. The company should focus on maintaining its growth trajectory while managing its debt levels to ensure long-term financial stability.

Income Statement

Marumae Co., Ltd. has demonstrated strong revenue growth with a 31.48% increase in the latest year, significantly improving from previous periods. The gross profit margin improved to 30.01%, and the net profit margin increased to 11.89%, indicating enhanced profitability. The EBIT and EBITDA margins also show strong operational efficiency. However, the company experienced a revenue decline in prior years, which could indicate volatility.

Balance Sheet

The company's debt-to-equity ratio has increased to 1.66, suggesting higher leverage, which could pose financial risk. However, the return on equity is a healthy 16.63%, indicating effective use of equity to generate profits. The equity ratio stands at 32.06%, reflecting a balanced capital structure but with room for improvement in reducing debt levels.

Cash Flow

Marumae Co., Ltd. has shown a positive operating cash flow to net income ratio of 0.66, indicating good cash generation relative to net income. The free cash flow to net income ratio is 0.51, suggesting a solid conversion of earnings to cash. However, the free cash flow growth rate has been volatile, with significant fluctuations in previous years.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	11.40B	11.40B	4.75B	6.87B	8.59B	5.37B
Gross Profit	3.55B	3.55B	832.00M	1.58B	3.16B	1.82B
EBITDA	3.22B	3.22B	1.01B	2.04B	3.28B	1.85B
Net Income	1.36B	1.36B	19.59M	706.58M	1.82B	902.70M
Balance Sheet
Total Assets	25.42B	25.42B	11.46B	11.61B	12.55B	9.74B
Cash, Cash Equivalents and Short-Term Investments	4.25B	4.25B	3.03B	3.50B	3.01B	2.51B
Total Debt	13.53B	13.53B	3.48B	3.52B	3.25B	2.35B
Total Liabilities	17.27B	17.27B	4.30B	4.14B	5.25B	3.42B
Stockholders Equity	8.15B	8.15B	7.16B	7.47B	7.30B	6.33B
Cash Flow
Free Cash Flow	0.00	1.56B	-69.19M	762.74M	483.30M	248.66M
Operating Cash Flow	0.00	3.06B	431.77M	2.25B	2.23B	1.06B
Investing Cash Flow	0.00	-9.71B	-504.28M	-1.49B	-1.74B	-809.89M
Financing Cash Flow	0.00	7.88B	-395.07M	-286.70M	8.07M	-291.40M

Marumae Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1847.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6264, the sentiment is Positive. The current price of 1847 is below the 20-day moving average (MA) of 2097.65, below the 50-day MA of 2029.66, and above the 200-day MA of 1613.11, indicating a bullish trend. The MACD of 97.30 indicates Negative momentum. The RSI at 62.73 is Neutral, neither overbought nor oversold. The STOCH value of 62.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6264.

Marumae Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6378	80 Outperform	¥25.80B	12.20	―	3.34%	2.10%	4.99%
6264	69 Neutral	¥28.91B	19.29	―	2.04%	140.12%	6842.82%
6496	69 Neutral	¥24.89B	15.59	―	1.82%	34.70%	-8.44%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6469	62 Neutral	¥33.17B	37.39	―	0.45%	13.61%	94.37%
6203	53 Neutral	¥16.78B	52.91	―	1.73%	26.09%	―
6293	46 Neutral	¥17.32B	-21.09	―	4.21%	2.79%	-281.15%

Marumae Co., Ltd. Corporate Events

Marumae’s Q1 FY2026 Sales More Than Double but Margins Narrow on Rising Costs

Marumae Co., Ltd. reported a sharp year-on-year increase in net sales for the first quarter of FY2026, with revenue more than doubling to 4.24 billion yen on a consolidated basis, reflecting strong demand for its vacuum components. Despite the top-line growth, profitability metrics softened as cost of sales and SG&A expenses rose faster than revenue—driven by higher material, outsourcing, labor and personnel costs as well as goodwill amortization—resulting in a lower operating margin and a more modest 41% increase in profit attributable to owners of the parent, signaling both solid business expansion and growing cost pressures that stakeholders will need to monitor.

The most recent analyst rating on (JP:6264) stock is a Hold with a Yen2022.00 price target. To see the full list of analyst forecasts on Marumae Co., Ltd. stock, see the JP:6264 Stock Forecast page.

Marumae Posts Solid Q1 Earnings and Confirms 2026 Forecasts with Higher Dividends

Marumae Co., Ltd. reported consolidated results for the three months ended November 30, 2025, with net sales of ¥4,244 million, operating profit of ¥701 million, ordinary profit of ¥655 million and profit attributable to owners of parent of ¥434 million, reflecting a solid earnings base as it transitions to full quarterly consolidated reporting. The company’s financial position remained stable, with total assets of ¥25,759 million and an equity ratio of 32.2%, while it maintained previously announced guidance for the fiscal year ending August 31, 2026, projecting full-year net sales of ¥17.2 billion and profit attributable to owners of parent of ¥1.7 billion, along with a sizeable planned dividend increase to an annual ¥56 per share, signaling confidence in earnings growth and a continued commitment to shareholder returns.

The most recent analyst rating on (JP:6264) stock is a Hold with a Yen2022.00 price target. To see the full list of analyst forecasts on Marumae Co., Ltd. stock, see the JP:6264 Stock Forecast page.

Marumae to Grant Restricted Treasury Shares to Directors as Performance-Linked Compensation

Marumae Co., Ltd. has resolved to dispose of 12,993 shares of its treasury stock as restricted stock compensation to three internal directors, with a total value of approximately ¥24 million, effective January 9, 2026. This move is part of an existing restricted stock compensation plan aimed at incentivizing sustainable enhancement of corporate value and strengthening the alignment of interests between directors and shareholders, with transfer restrictions in place until a director’s resignation and provisions for forfeiture or early release of restrictions in cases such as unjustified resignations or corporate restructuring, all at a price set to match the latest market closing level to avoid preferential treatment.

The most recent analyst rating on (JP:6264) stock is a Hold with a Yen1774.00 price target. To see the full list of analyst forecasts on Marumae Co., Ltd. stock, see the JP:6264 Stock Forecast page.

Marumae Co., Ltd. to Absorb Subsidiary KMX Co., Ltd. for Operational Efficiency

Marumae Co., Ltd. announced its decision to absorb its wholly-owned subsidiary, KMX Co., Ltd., effective January 1, 2026. This merger aims to enhance management efficiency by consolidating resources and integrating operations. The merger, classified as a simplified absorption-type, will not involve any share allotment or monetary consideration, as KMX Co., Ltd. is already fully owned by Marumae. This strategic move is expected to streamline operations and potentially strengthen Marumae’s position in the precision machinery industry.

The most recent analyst rating on (JP:6264) stock is a Hold with a Yen1774.00 price target. To see the full list of analyst forecasts on Marumae Co., Ltd. stock, see the JP:6264 Stock Forecast page.

Marumae Co., Ltd. Announces Change of Independent Auditor

Marumae Co., Ltd. announced a change in its independent auditor, transitioning from BDO Sanyu & Co. to Deloitte Touche Tohmatsu LLC. This decision, approved by the Audit and Supervisory Committee, aims to bring a fresh perspective to audits after an extended period with the previous auditor. The change is set to be finalized at the upcoming Annual General Meeting of Shareholders on November 27, 2025. The transition is expected to enhance the company’s audit processes, reflecting a strategic move to ensure continued compliance and quality in financial reporting.

The most recent analyst rating on (JP:6264) stock is a Hold with a Yen1774.00 price target. To see the full list of analyst forecasts on Marumae Co., Ltd. stock, see the JP:6264 Stock Forecast page.

Marumae Co., Ltd. Proposes Increased Dividends for Shareholders

Marumae Co., Ltd. announced a proposal to increase its year-end dividend to 25 yen per share, aligning with its previous forecast, and reflecting a commitment to shareholder returns. The company plans to further increase the annual dividend to 56 yen per share for the next fiscal year, indicating strong financial health and a strategic focus on rewarding shareholders.

The most recent analyst rating on (JP:6264) stock is a Hold with a Yen1774.00 price target. To see the full list of analyst forecasts on Marumae Co., Ltd. stock, see the JP:6264 Stock Forecast page.

Marumae Co., Ltd. Reports Robust Financial Growth in FY2025

Marumae Co., Ltd. reported significant financial growth for FY2025, with net sales reaching 11,403 million yen, marking a 140.1% increase year-on-year. The company’s operating profit surged to 2,103 million yen, reflecting a substantial improvement in profitability, which suggests a strong market position and potential positive implications for stakeholders.

The most recent analyst rating on (JP:6264) stock is a Hold with a Yen1774.00 price target. To see the full list of analyst forecasts on Marumae Co., Ltd. stock, see the JP:6264 Stock Forecast page.

Marumae Co., Ltd. Reports Strong Financial Performance for FY 2025

Marumae Co., Ltd. has reported its consolidated financial results for the fiscal year ending August 31, 2025, marking its first year of preparing consolidated financial statements. The company achieved net sales of 11,403 million yen and an operating profit of 2,103 million yen. The financial results reflect a strong return on equity of 17.8%, indicating robust profitability and efficient use of shareholder funds. The company’s financial position is solid, with total assets amounting to 25,423 million yen and a net asset value of 8,151 million yen, resulting in an equity ratio of 32.1%. Cash flows from operating activities were positive at 3,058 million yen, although significant outflows were noted in investing activities, amounting to 9,708 million yen, likely indicating substantial investments in growth or infrastructure.

The most recent analyst rating on (JP:6264) stock is a Hold with a Yen1774.00 price target. To see the full list of analyst forecasts on Marumae Co., Ltd. stock, see the JP:6264 Stock Forecast page.