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

• Market Cap: ¥10.52B
• Dividend Yield: 3.58%
• Average Volume (3M): 4.71K
• Price to Earnings (P/E): 151.5
• 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: ¥2,569.00 ▲(11.70% 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

Balance Sheet Strength

A strong equity base and healthy debt-to-equity profile provide durable financial resilience. This enhances the company's ability to fund capital expenditures, support dealer and distributor credit, and withstand cyclical downturns without needing frequent external financing, preserving strategic optionality over months.

Stable Revenue and Gross Margins

Consistent revenue growth and steady gross margins point to reliable demand and efficient manufacturing processes. That stability supports ongoing reinvestment in product development and manufacturing, helping sustain competitive position and margin durability across multiple selling seasons.

Diversified Product & Aftermarket Revenue

A mix of equipment, pumps, small-engine products and recurring aftermarket sales creates multiple revenue engines. Aftermarket parts and service provide recurring cash flow tied to installed base, reducing reliance on new-unit cycles and improving long-term revenue visibility and customer stickiness.

Negative Factors

Low Net Profit Margin

Relatively low net margins limit retained earnings and the firm’s capacity to self-fund growth or absorb input cost shocks. Over time this constrains investments in R&D, pricing flexibility, and profit resilience, making the business more sensitive to rising costs or competitive pricing pressure.

Volatile Free Cash Flow

Inconsistent free cash flow reduces predictability for dividends, debt paydown, or capital reinvestment. Volatility can force reliance on working capital facilities or episodic financing, limiting the company’s ability to execute multi-period strategic projects and weakening financial flexibility over several quarters.

Exposure to Seasonal/Cyclical Demand

Heavy exposure to agricultural and landscaping cycles creates lumpy demand and inventory swings across seasons. This structurally increases working capital needs, complicates capacity planning, and can amplify margin pressure in weaker seasons, reducing predictability of multi-quarter revenue and profit trends.

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 makes money primarily by selling manufactured equipment and related components into end markets such as agriculture (plant protection and spraying), landscaping/groundskeeping, and various industrial uses. Key revenue streams include: (1) equipment sales—sales of sprayers (including power sprayers) and other application machinery used for pest control and crop management; (2) pump and fluid-handling product sales—sales of pumps and related systems used for moving water/chemicals in agricultural and industrial settings; (3) engine-powered outdoor/industrial equipment sales—sales of other small engine-driven machines for maintenance and work-site use; and (4) aftermarket and support—ongoing revenue from replacement parts, consumables, maintenance/repair services, and product support tied to its installed base. The company’s earnings are influenced by demand cycles in agriculture and landscaping, seasonal purchasing patterns, pricing and input costs for manufacturing, and the reach of its distribution network (including domestic dealers and overseas channels). Specific details on material partnerships, customer concentration, or segment-level revenue breakdown are null.

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	7.21B	7.33B	5.03B	2.87B	3.43B
Total Liabilities	18.30B	18.87B	17.26B	16.76B	17.16B
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: Negative
• Last Price: 2300.00
• 50DMA: Negative
• 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:6316, the sentiment is Negative. The current price of 2300 is below the 20-day moving average (MA) of 2377.40, below the 50-day MA of 2365.72, and above the 200-day MA of 2185.69, indicating a neutral trend. The MACD of -14.88 indicates Positive momentum. The RSI at 42.99 is Neutral, neither overbought nor oversold. The STOCH value of 30.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	¥18.17B	8.33	―	3.29%	-1.36%	5.14%
6432	73 Outperform	¥297.56B	12.67	―	2.99%	0.31%	-11.04%
6345	70 Outperform	¥86.64B	15.03	―	4.79%	1.68%	18.85%
6316	68 Neutral	¥10.52B	151.50	―	3.58%	―	―
6326	65 Neutral	¥2.94T	13.56	7.55%	2.22%	-3.22%	-29.63%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6310	61 Neutral	¥36.65B	15.26	―	1.56%	10.90%	―