Mercuria Holdings Co., Ltd. (JP:7347)
:7347
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Mercuria Holdings Co., Ltd.
(7347)
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Rating:75Outperform
Price Target:
¥811.00
▼(-0.86% Downside)
Action:ReiteratedDate: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
Very high gross margins (~92%) and ~23% net profitability provide durable earnings power for an investment manager. Strong margins support internal reinvestment, consistent dividend potential and the ability to generate returns without depending on leverage, improving resilience across cycles.
Negative Factors
Choppy revenue and returns
Revenue and returns show meaningful year-to-year variability, with a sharp 2025 rebound after weakness. As an investment/asset manager, earnings depend on realizations and market cycles, which undermines predictability and makes steady compounding of profits and cashflows difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability
Very high gross margins (~92%) and ~23% net profitability provide durable earnings power for an investment manager. Strong margins support internal reinvestment, consistent dividend potential and the ability to generate returns without depending on leverage, improving resilience across cycles.
Read all positive factors
Mercuria Holdings Co., Ltd. (7347) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥14.22B
Dividend Yield2.52%
Average Volume (3M)33.32K
Price to Earnings (P/E)9.4
Beta (1Y)0.83
Revenue Growth1.35%
EPS Growth-91.61%
CountryJP
Employees23
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)84.98
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., together with its subsidiaries, engages in the fund management business. It is also involved in the Spring real estate investment trust management and operation; investment advisory and management; and asset management...
How the Company Makes Money
Mercuria Holdings primarily makes money through (1) investment-related gains and income—such as realized capital gains on the sale of equity stakes in portfolio companies/funds and, where applicable, dividend/interest income from invested assets; ...
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 | 0.00 | 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
759.28
Negative
797.27
Negative
797.29
Negative
Market Momentum
-7.87
Negative
49.18
Neutral
95.54
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 723.95, above the 50-day MA of 759.28, and above the 200-day MA of 797.29, indicating a neutral trend. The MACD of -7.87 indicates Negative momentum. The RSI at 49.18 is Neutral, neither overbought nor oversold. The STOCH value of 95.54 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥62.18B | 10.05 | 17.21% | 4.27% | 7.60% | 7.20% | |
75 Outperform | ¥14.22B | 9.41 | ― | 2.52% | 1.35% | -91.61% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
54 Neutral | ¥16.54B | 31.40 | ― | 0.24% | ― | ― | |
47 Neutral | ¥4.05B | -4.99 | 4.15% | ― | -6.60% | ― | |
44 Neutral | ¥16.98B | -12.65 | ― | ― | -21.88% | 17.12% |
* Financial Sector Average
JP:7347
Mercuria Holdings Co., Ltd.
726.00
-16.44
-2.21%
JP:8739
Sparx Group Co
1,984.00
680.45
52.20%
JP:8518
Japan Asia Investment Company, Limited
157.00
-67.00
-29.91%
JP:2134
Sun Capital Management Corp.
31.00
13.00
72.22%
JP:3266
Fund Creation Group Co., Ltd.
88.00
10.90
14.14%
JP:9257
YCP Holdings (Global) Ltd. Japanese Deposit Receipt Repr 1 Sh
740.00
177.17
31.48%
Mercuria Holdings Co., Ltd. Corporate Events
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...
Mercuria Enters Improvement Period After Falling Short of Prime Market Free-Float Cap
Feb 12, 2026
Mercuria Holdings has fallen slightly below the Tokyo Stock Exchange Prime Market’s listing maintenance criterion for market capitalization of tradable shares, reporting ¥9.94 billion as of December 31, 2025 against the ¥10 billion...
Mercuria Holdings Delivers Profit Surge in 2025 but Flags Sharp Slowdown for 2026
Feb 12, 2026
Mercuria Holdings reported strong consolidated results for 2025, with operating revenue up 29.6% to ¥7.2 billion and operating profit surging 157.9% to ¥2.5 billion, lifting profit attributable to owners of the parent by 233.1% to ¥...
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.