Maruyama Mfg.Co., Inc. (6316) AI Stock Analysis

• Market Cap: ¥11.27B
• Dividend Yield: 3.58%
• Average Volume (3M): 4.71K
• Price to Earnings (P/E): 10.6
• Beta (1Y): 0.69
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: JP
• Employees: 1,006
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): 3.98
• Shares Outstanding: 5,029,332
• 10 Day Avg. Volume: 4,520
• 30 Day Avg. Volume: 4,713
• PEG Ratio: 0.40
• Price to Book (P/B): 0.44
• Price to Sales (P/S): 0.22
• P/FCF Ratio: 230.67
• 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: 68 Neutral
• Price Target: ¥2,660.00 ▲(15.65% Upside)
• Action: Reiterated Date: 12/11/25
• Date: Action: Reiterated 12/11/25

The stock score is primarily influenced by its strong valuation, with an attractive P/E ratio and dividend yield. Financial performance is stable but shows room for improvement in profitability and cash flow management. Technical analysis indicates bearish momentum, which is a concern for short-term investors.

Positive Factors

Healthy balance sheet

A healthy debt-to-equity ratio and strong equity base support financial resilience across business cycles. This durable capital structure improves the company's ability to fund capex, weather agricultural seasonality, and access financing for strategic investments without over-relying on costly debt.

Stable revenue & gross margins

Consistent top-line growth and steady gross margins point to reliable manufacturing efficiency and pricing discipline. Over 2-6 months this stability supports predictable cash generation from core operations and preserves competitive product economics despite input cost volatility.

Diverse product & aftermarket streams

A multi-product portfolio plus aftermarket and service revenue creates recurring income and reduces single-product exposure. Durable aftermarket sales and parts/service support the installed base, smoothing cyclicality and strengthening long-term customer relationships and margin durability.

Negative Factors

Low net profit margin

Relatively low net margins limit retained earnings and constrain reinvestment capacity. Over a medium-term horizon this reduces buffer against rising input costs, limits funding for growth initiatives, and makes profitability more sensitive to operational or commodity-cost shocks.

Volatile free cash flow

Inconsistent free cash flow complicates capital allocation and may force trade-offs between dividends, capex, and working capital. Persistent FCF volatility can constrain strategic investments, increase reliance on external funding, and weaken long-term financial flexibility.

Exposure to seasonal/cyclical demand

Dependence on agriculture and landscaping cycles creates predictable but material revenue swings across seasons. This structural exposure pressures inventory, working capital and production planning, and can amplify margin variability and forecasting risk over the medium term.

Maruyama Mfg.Co., Inc. Business Overview & Revenue Model

Company Description

Maruyama Mfg. Co., Inc. manufactures and sells machinery. It offers agricultural machines, such as pesticide applicators, forestry equipment, etc.; and environmental sanitation machines, firefighting equipment, industrial pumps, cleaning equipment, construction machinery, engines, cars, and other vehicles used for agriculture. The company is also involved in the contract design and construction of plumbing and fire-prevention equipment; and real estate and leasing activities. It offers its products in Europe/Russia, Oceania, Africa, the Middle East, China, other Asian countries, North America, and South and Central America. The company was formerly known as Maruyama Shokai and changed its name to Maruyama Mfg. Co., Inc. in 1937. Maruyama Mfg. Co., Inc. was founded in 1895 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Maruyama Mfg. Co., Inc. generates revenue through the sale of its agricultural equipment and machinery, which includes sprayers, pumps, and other related products. The company's revenue model is primarily based on direct sales to distributors and retailers, as well as direct-to-consumer sales through its own channels. Key revenue streams include both domestic and international markets, with a significant portion of sales coming from partnerships with agricultural distributors. Additionally, Maruyama benefits from ongoing service and maintenance contracts for its equipment, which provide a steady income stream. The company's focus on innovation and quality also allows for premium pricing on its products, contributing to its overall profitability.

Maruyama Mfg.Co., Inc. Financial Statement Overview

Summary

Maruyama Mfg.Co., Inc. demonstrates stable revenue growth and operational efficiency, with a strong balance sheet. However, profitability margins and cash flow management present areas for improvement. The company is well-positioned in terms of leverage and equity, but needs to focus on enhancing net profitability and stabilizing cash flows.

Income Statement

Maruyama Mfg.Co., Inc. shows a stable revenue growth with a slight increase in the latest year. The gross profit margin is consistent, indicating efficient production processes. However, the net profit margin is relatively low, suggesting room for improvement in cost management. EBIT and EBITDA margins are stable, reflecting steady operational efficiency.

Balance Sheet

The company maintains a healthy debt-to-equity ratio, indicating a balanced approach to leveraging. Return on equity is moderate, showing decent profitability relative to shareholder investments. The equity ratio suggests a strong equity base, enhancing financial stability.

Cash Flow

Operating cash flow has improved, but free cash flow remains volatile, indicating potential challenges in cash management. The operating cash flow to net income ratio is improving, but the free cash flow to net income ratio shows inconsistency, suggesting potential liquidity issues.

Breakdown	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	41.27B	40.01B	41.43B	39.64B	37.50B
Gross Profit	10.62B	10.31B	10.57B	9.96B	9.78B
EBITDA	2.47B	2.27B	2.82B	2.66B	2.41B
Net Income	744.00M	597.00M	1.22B	1.16B	855.00M
Balance Sheet
Total Assets	39.10B	38.71B	36.73B	34.46B	34.15B
Cash, Cash Equivalents and Short-Term Investments	3.93B	4.83B	4.37B	5.05B	4.47B
Total Debt	7.13B	7.26B	4.99B	2.83B	3.38B
Total Liabilities	18.30B	18.88B	17.27B	16.76B	17.17B
Stockholders Equity	20.60B	19.67B	19.36B	17.62B	16.99B
Cash Flow
Free Cash Flow	39.00M	-1.35B	-2.17B	1.51B	865.00M
Operating Cash Flow	1.87B	214.00M	-284.00M	2.42B	1.93B
Investing Cash Flow	-1.97B	-1.45B	-2.02B	-786.00M	-1.06B
Financing Cash Flow	-836.00M	1.50B	1.62B	-1.11B	-998.00M

Maruyama Mfg.Co., Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2300.00
• 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:6316, the sentiment is Positive. The current price of 2300 is below the 20-day moving average (MA) of 2402.00, below the 50-day MA of 2345.06, and above the 200-day MA of 2155.96, indicating a bullish trend. The MACD of 32.61 indicates Negative momentum. The RSI at 68.92 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6316.

Maruyama Mfg.Co., Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6294	74 Outperform	¥20.29B	12.76	―	3.29%	-1.36%	5.14%
6306	74 Outperform	¥33.53B	18.23	―	4.26%	-4.23%	-1.63%
6316	68 Neutral	¥11.27B	10.56	―	3.58%	―	―
6325	65 Neutral	¥4.68B	25.32	―	2.53%	-18.59%	-22.05%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6310	61 Neutral	¥48.27B	17.52	―	1.56%	10.90%	―
6390	51 Neutral	¥20.89B	4.41	―	5.40%	-2.22%	18.80%