Mercuria Holdings Co., Ltd. (JP:7347)
:7347
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Mercuria Holdings Co., Ltd.
(7347)
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Rating:75Outperform
Price Target:
¥804.00
▼(-1.71% Downside)
Action:Reiterated
Date:03/06/26
The score is driven primarily by strong financial resilience (high profitability and very low leverage) and highly attractive valuation (very low P/E with a ~3% dividend). These positives are tempered by weak technical momentum (below key moving averages with negative MACD) and the company’s historically volatile cash flow and uneven multi-year performance.
Positive Factors
High profitability
Sustained very high gross margins and healthy net margins indicate the core distribution business captures meaningful spreads. Over 2–6 months this supports internal cash generation, resilience to cost shocks, and capacity to fund operations, dividends, or reinvestment without relying on leverage.
Negative Factors
Volatile cash flows & earnings
Historic swings in operating and free cash flow, including prior negative years, indicate execution and working-capital sensitivity. Over the next several months this cyclical behavior can disrupt planning, weaken predictability of distributions, and elevate operational financing risk during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability
Sustained very high gross margins and healthy net margins indicate the core distribution business captures meaningful spreads. Over 2–6 months this supports internal cash generation, resilience to cost shocks, and capacity to fund operations, dividends, or reinvestment without relying on leverage.
Read all positive factors
Mercuria Holdings Co., Ltd. (7347) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥14.70B
Dividend Yield2.52%
Average Volume (3M)33.32K
Price to Earnings (P/E)8.6
Beta (1Y)0.76
Revenue Growth35.41%
EPS Growth248.27%
CountryJP
Employees23
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)3.55
Shares Outstanding21,549,900
10 Day Avg. Volume23,580
30 Day Avg. Volume33,323
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.88
Price to Sales (P/S)2.20
P/FCF Ratio5.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mercuria Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
Mercuria Holdings Co., Ltd., headquartered in Tokyo, Japan, primarily focuses on the fund management industry through its various subsidiaries. The company's activities also encompass the administration and oversight of the Spring real estate inve...
How the Company Makes Money
Mercuria Holdings’ earnings are primarily generated from selling petroleum-related products (e.g., gasoline, diesel, kerosene/heating oil, heavy oil, and lubricants) to corporate and individual customers. Revenue is recognized as product sales, wi...
Mercuria Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.24B | 7.22B | 5.57B | 5.84B | 4.60B | 4.17B |
| Gross Profit | 4.04B | 6.66B | 4.53B | 4.03B | 4.39B | 3.64B |
| EBITDA | 637.30M | 2.64B | 1.05B | 1.58B | 2.12B | 1.82B |
| Net Income | 68.58M | 1.68B | 505.72M | 1.06B | 1.56B | 1.30B |
Balance Sheet | ||||||
| Total Assets | 19.12B | 23.47B | 21.05B | 19.66B | 19.98B | 18.01B |
| Cash, Cash Equivalents and Short-Term Investments | 1.82B | 5.23B | 18.47B | 16.70B | 16.44B | 15.28B |
| Total Debt | 643.00M | 684.50M | 47.61M | 88.23M | 843.50M | 873.50M |
| Total Liabilities | 2.07B | 4.26B | 2.16B | 1.42B | 2.44B | 2.19B |
| Stockholders Equity | 15.97B | 17.98B | 17.51B | 17.09B | 16.63B | 15.11B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.94B | 653.00M | 1.19B | -373.34M | 145.34M |
| Operating Cash Flow | 0.00 | 2.94B | 655.00M | 1.24B | -349.43M | 178.60M |
| Investing Cash Flow | 0.00 | -560.83M | -9.79M | 497.85M | -583.05M | 227.56M |
| Financing Cash Flow | 0.00 | 157.37M | -416.03M | -1.74B | -796.97M | 1.35B |
Mercuria Holdings Co., Ltd. Technical Analysis
Neutral
818.00
Price Trends
747.80
Positive
760.26
Negative
793.40
Negative
Market Momentum
1.93
Negative
55.92
Neutral
90.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7347, the sentiment is Neutral. The current price of 818 is above the 20-day moving average (MA) of 735.90, above the 50-day MA of 747.80, and above the 200-day MA of 793.40, indicating a neutral trend. The MACD of 1.93 indicates Negative momentum. The RSI at 55.92 is Neutral, neither overbought nor oversold. The STOCH value of 90.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:7347.
Mercuria Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥67.89B | 13.47 | 17.21% | 4.27% | 13.39% | 22.07% | |
75 Outperform | ¥14.70B | 8.59 | ― | 2.52% | 35.41% | 248.27% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
56 Neutral | ¥17.43B | 33.99 | ― | 0.24% | ― | ― | |
43 Neutral | ¥14.24B | -11.97 | ― | ― | 180.01% | 33.62% | |
41 Neutral | ¥3.64B | -61.84 | 4.15% | ― | -31.54% | -110.01% |
* Financial Sector Average
JP:7347
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Japan Asia Investment Company, Limited
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JP:9257
YCP Holdings (Global) Ltd. Japanese Deposit Receipt Repr 1 Sh
760.00
140.10
22.60%
Mercuria Holdings Co., Ltd. Corporate Events
Mercuria Launches New Funds as First-Quarter Profit Dips on REIT Valuation Loss
Jun 1, 2026
Mercuria Holdings reported mixed first-quarter results for the fiscal year ending December 2026, with operating gross profit of ¥0.74 billion and an ordinary loss of ¥0.1 billion, as gains from a structured equity fund were offset by val...
Mercuria Holds to Full-Year Profit Forecast Despite First-Quarter Loss
Jun 1, 2026
Mercuria Holdings reported a 13.0% year-on-year rise in operating revenue to ¥963 million and a modest increase in operating gross profit to ¥742 million for the first quarter of 2026, but remained in the red with an operating loss of &#...
Mercuria Holdings Stays in the Red in Q1 but Maintains 2026 Profit and Dividend Outlook
May 14, 2026
Mercuria Holdings reported first-quarter 2026 operating revenue of ¥963 million, up 13.0% year on year, and operating gross profit of ¥742 million, up 4.1%, but remained in the red with an operating loss of ¥140 million and a net lo...
Mercuria Holdings Narrows Quarterly Loss, Keeps 2026 Forecast and Dividend Plan Intact
May 14, 2026
Mercuria Holdings reported first-quarter 2026 consolidated results showing operating revenue of ¥963 million, up 13% year on year, and operating gross profit of ¥742 million, but it remained in the red with an operating loss of ¥140...
Mercuria Holdings Outlines FY2025 Results and Strategy Progress
Apr 15, 2026
Mercuria Holdings released a summary of its consolidated results of operations for the fiscal year ended December 31, 2025, outlining its group management stance and progress on business strategy. The disclosure emphasizes that the figures and com...
Mercuria Details Relationship With Development Bank of Japan, Affirms No Controlling Shareholder
Mar 27, 2026
Mercuria Holdings has disclosed that Development Bank of Japan Inc. is classified as an “other associated company,” holding 21.18% of its voting rights to support collaboration in buyout and real estate investment areas. Despite this s...
Mercuria Sets Improvement Plan After Falling Short of TSE Prime Free-Float Market Cap Rule
Mar 19, 2026
Mercuria Holdings has disclosed that its market capitalization of tradable shares fell slightly below the ¥10 billion threshold required to maintain its Prime Market listing as of December 31, 2025, triggering an improvement period through th...
Mercuria Books Record FY2025 Profit on Buyout Fund Gains, Plans New Funds for 2026
Mar 18, 2026
Mercuria Holdings reported record-high results for the fiscal year ending December 31, 2025, driven by performance fees and principal investment income from exits in Buyout Fund I, which has entered its performance fee stage and accumulated ¥...
Mercuria Holdings Delivers Strong 2025 Rebound but Signals Profit Drop for 2026
Mar 18, 2026
Mercuria Holdings reported a sharp earnings recovery for 2025, with operating revenue up 29.6% to ¥7.22 billion and profit attributable to owners of parent surging 233.1% to ¥1.69 billion, driving net income per share to ¥87.07. The...
Mercuria Holdings Announces Shift in Major Shareholder to NGS Partners
Mar 4, 2026
Mercuria Holdings has announced a planned change in its major shareholders following a large share transaction dated February 24, 2026. Investment firm NGS Partners, Inc. will become a new major shareholder with 10.01% of Mercuria’s voting r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.