MARUKA FURUSATO Corporation (7128) AI Stock Analysis

• Market Cap: ¥54.68B
• Dividend Yield: 3.24%
• Average Volume (3M): 29.35K
• Price to Earnings (P/E): 29.5
• Beta (1Y): 0.78
• Revenue Growth: -2.85%
• EPS Growth: -56.68%
• Country: JP
• Employees: 2,010
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Distribution
• EPS (TTM): 21.65
• Shares Outstanding: 24,298,313
• 10 Day Avg. Volume: 27,740
• 30 Day Avg. Volume: 29,346
• PEG Ratio: -0.49
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 0.34
• P/FCF Ratio: 11.84
• 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: 66 Neutral
• Price Target: ¥2,473.00 ▲(8.66% Upside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is primarily supported by a very strong balance sheet and generally healthy cash generation, which provide downside protection. Offsetting this are recent margin compression and modest revenue declines, while technical signals are mixed and valuation is constrained by a relatively high P/E despite a strong dividend yield.

Positive Factors

Very strong balance sheet

Extremely low leverage and a large, stable equity base provide durable financial flexibility and downside protection. This structural strength supports capital allocation, withstands cyclical shocks, and gives management optionality for M&A, capex, or dividends over the medium term.

Consistent positive cash generation

Sustained positive operating and free cash flow since 2022 underpins internal funding for working capital and returns to shareholders. Reliable cash generation reduces refinancing risk and supports reinvestment or steady dividends across economic cycles.

Stable core gross margins

A steady mid-teens gross margin indicates resilient underlying trading/distribution economics. Even with volatility further down the P&L, persistent gross-margin stability points to an enduring business model and pricing/ sourcing structure that can sustain margins over time.

Negative Factors

2025 margin compression

Material margin deterioration in 2025 signals either cost pressure, pricing erosion, or adverse mix that can persist absent structural fixes. Lower margins reduce free cash flow sensitivity and make earnings more vulnerable to future demand swings over the medium term.

Volatile/modest revenue declines

Revenue volatility and recent consecutive declines imply weaker demand or market share pressure. This undermines predictability of earnings and cash flow, complicating planning and capital allocation, and increasing reliance on cost cuts to sustain returns.

Low returns on equity

Mid-single-digit ROE indicates limited capital efficiency despite a strong balance sheet. Low long-run returns constrain internal growth funding, make it harder to justify reinvestment, and reduce the pace at which equity capital compounds for shareholders.

MARUKA FURUSATO Corporation Business Overview & Revenue Model

Company Description

UNISOL Holdings Corporation engages in the machinery and tools, construction machinery and materials, and IoT businesses in Japan. The company sells industrial machinery, equipment, and tools, such as machine tools, press machines, injection molding machines, robots, logistics machines, and other equipment; and screws, hardware, welding materials, painting materials, and machine tools for steel frame construction companies, as well as turnbuckles, braces, and plumbing materials for plant plumbers. It provides surveillance camera systems, security systems, and access control. In addition, the company is involved in the renting and sale of construction machinery, such as cranes, excavators, foundation construction machinery, and high-altitude work vehicles, as well as related peripheral equipment; and rental of machine with operator. UNISOL Holdings Corporation was formerly known as Maruka Furusato Corporation and changes its name to UNISOL Holdings Corporation in January 2026. The company was incorporated in 2021 and is headquartered in Osaka, Japan.

How the Company Makes Money

MARUKA FURUSATO Corporation generates revenue through several key streams. Primarily, the company earns money from the sale of agricultural products and food items, both in wholesale and retail formats. The company also engages in food processing, adding value to raw agricultural products, which enhances profit margins. Additionally, partnerships with local farmers and suppliers allow MARUKA to secure high-quality products at competitive prices, further contributing to its profitability. The company may also benefit from tourism-related sales, catering to both domestic and international customers interested in authentic Japanese food and goods.

MARUKA FURUSATO Corporation Financial Statement Overview

Summary

Strong balance sheet (very low leverage; high stability) and generally positive operating/free cash flow since 2022 support resilience. However, recent revenue softness and notable 2025 margin compression weaken the profitability trend and reduce confidence in near-term earnings quality.

Income Statement

Revenue has been volatile: strong expansion in 2021–2022, solid growth in 2023, then slight contractions in 2024 and 2025. Profitability also weakened recently—2025 operating profit and net margin fell sharply versus 2023–2024, suggesting either mix/price pressure or higher costs. Offsetting that, gross margin has held fairly steady in the mid-teens, indicating the core trading/distribution economics remain intact even as bottom-line performance fluctuates.

Balance Sheet

The balance sheet is a clear strength: leverage is very low with debt-to-equity consistently around ~0.02 in recent years (and far below 2020 levels). Equity has stayed large and stable, providing meaningful financial flexibility and downside protection. The main limitation is that returns on equity are only mid-single-digits in 2022–2024, and profitability weakened in 2025, which can dilute the benefit of the strong capital structure.

Cash Flow

Cash generation is generally healthy and improved materially after a negative operating and free cash flow year in 2021. From 2022–2025, operating cash flow is consistently positive and free cash flow remains solid (including a strong 2024 and still-healthy 2025). However, cash conversion is not consistently high versus accounting earnings (free cash flow runs below net income in recent years), and free cash flow has shown meaningful year-to-year swings, which adds some predictability risk.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	162.65B	159.04B	161.72B	172.98B	162.42B	99.06B
Gross Profit	25.99B	26.17B	25.67B	27.00B	26.28B	15.61B
EBITDA	6.25B	5.13B	8.75B	8.60B	7.46B	3.84B
Net Income	2.75B	1.91B	4.61B	4.70B	4.53B	1.38B
Balance Sheet
Total Assets	118.35B	117.02B	120.82B	120.34B	122.91B	108.59B
Cash, Cash Equivalents and Short-Term Investments	30.68B	29.76B	27.53B	21.75B	25.75B	24.38B
Total Debt	1.83B	1.59B	1.73B	1.67B	1.32B	1.22B
Total Liabilities	45.47B	43.14B	47.45B	47.62B	50.78B	41.23B
Stockholders Equity	71.77B	72.69B	72.34B	71.84B	71.33B	66.68B
Cash Flow
Free Cash Flow	0.00	4.55B	5.81B	2.54B	1.20B	-1.42B
Operating Cash Flow	0.00	5.50B	7.86B	6.03B	3.79B	-853.00M
Investing Cash Flow	0.00	-1.26B	1.43B	-4.67B	-2.29B	-112.00M
Financing Cash Flow	0.00	-2.65B	-3.37B	-5.37B	-495.00M	-541.00M

MARUKA FURUSATO Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2276.00
• 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:7128, the sentiment is Positive. The current price of 2276 is below the 20-day moving average (MA) of 2328.40, below the 50-day MA of 2310.76, and above the 200-day MA of 2234.03, indicating a bullish trend. The MACD of 1.28 indicates Positive momentum. The RSI at 55.77 is Neutral, neither overbought nor oversold. The STOCH value of 50.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7128.

MARUKA FURUSATO Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8061	79 Outperform	¥103.38B	16.20	―	3.38%	10.74%	-26.50%
3176	78 Outperform	¥54.06B	10.49	―	3.87%	2.66%	-11.41%
3153	75 Outperform	¥75.72B	14.52	―	1.22%	14.41%	85.93%
8052	73 Outperform	¥60.27B	12.05	―	3.00%	16.06%	31.78%
9932	71 Outperform	¥30.78B	15.45	―	3.84%	2.74%	4.90%
7128	66 Neutral	¥54.68B	29.50	―	3.24%	-2.85%	-56.68%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

MARUKA FURUSATO Corporation Corporate Events

UNISOL Holdings Names New Audit and Supervisory Committee Director Candidate

UNISOL Holdings Corporation has nominated Executive Officer Taketsugu Fujii as a new director serving as an Audit and Supervisory Committee member, with the proposal to be decided at the fifth Ordinary General Meeting of Shareholders on March 27, 2026. Fujii brings long experience in financial institutions and extensive administrative and management roles within the group, positioning him to strengthen the company’s oversight framework as he replaces outgoing committee member Satoshi Onishi.

The proposed leadership change underscores UNISOL’s focus on enhancing corporate governance by elevating a seasoned finance and administration executive to a key supervisory role. Stakeholders can expect continuity in oversight functions as Fujii, currently responsible for the Corporate Administration Unit and a director at a group company, assumes broader responsibilities within the holding company’s audit and supervisory structure.

The most recent analyst rating on (JP:7128) stock is a Hold with a Yen2485.00 price target. To see the full list of analyst forecasts on MARUKA FURUSATO Corporation stock, see the JP:7128 Stock Forecast page.