Marui Group Co (8252) AI Stock Analysis

• Market Cap: ¥567.74B
• Dividend Yield: 3.66%
• Average Volume (3M): 709.65K
• Price to Earnings (P/E): 19.7
• Beta (1Y): 0.32
• Revenue Growth: 8.02%
• EPS Growth: 19.35%
• Country: JP
• Employees: 4,290
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): 36.88
• Shares Outstanding: 183,660,420
• 10 Day Avg. Volume: 765,770
• 30 Day Avg. Volume: 709,650
• PEG Ratio: 1.96
• Price to Book (P/B): 2.04
• Price to Sales (P/S): 1.97
• P/FCF Ratio: -28.49
• 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): 158.7
• Revenue Forecast (FY): ¥275.69B

• Rating: 61 Neutral
• Price Target: ¥3,321.00 ▲(3.30% Upside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is primarily held back by weak cash generation (TTM negative operating and free cash flow) and elevated leverage, which increase financial risk despite strong profitability. Technicals are stable-to-slightly positive, and valuation is reasonable with a supportive ~3.7% dividend yield, but not enough to offset the cash flow and balance-sheet concerns.

Positive Factors

High profitability margins

Sustained high margins indicate durable pricing power and efficient operations across retail and finance segments. Strong operating and net margins provide internal funding capacity for reinvestment, support return on equity, and create a buffer to absorb modest cost or credit upticks over the coming months.

Two‑pillar retail + consumer finance model

A complementary retail and credit-card business creates recurring fee and finance revenue while feeding retail sales through customer loyalty. This structural synergy diversifies cashflow sources, supports customer acquisition and retention, and makes revenue streams more resilient to single-segment shocks over a multi‑month horizon.

Multi‑year revenue and earnings recovery

Consistent top-line expansion and earnings recovery signal improving market traction and execution. Moderate but steady growth helps sustain margins and profitability, enabling strategic investments and cardholder growth that can compound benefits across retail and finance activities over the medium term.

Negative Factors

Negative operating and free cash flow

Reported earnings are not converting to cash, creating near‑term funding pressure. Persistent negative OCF and FCF limit capacity for capex, buybacks or debt reduction, increasing reliance on external financing and making dividend sustainability and deleveraging more challenging over the next several months.

Elevated leverage

Rising debt relative to equity reduces financial flexibility and raises refinancing and interest‑rate sensitivity. In a tighter credit environment, high leverage can compress net income and constrain investments or strategic moves, increasing risk that profitability gains are offset by higher financing costs.

Margins sensitive to funding costs and credit losses

Material exposure to consumer credit means funding cost increases or higher loan losses would directly erode operating margins. Given the firm's leverage and recent negative cash flow, adverse funding or credit trends could quickly pressure profitability and cash generation over a 2–6 month horizon.

Marui Group Co Business Overview & Revenue Model

Company Description

Marui Group Co., Ltd., an investment holding company, engages in the retailing and FinTech businesses in Japan. The company engages in the rental and the management of commercial property, purchasing and sale of clothes and accessories, space production, advertising, fashion distribution, general building management, etc.; and provision of credit card services, cash advance services, rent guarantee services, information system services, real estate rental, etc. It is involved in the operation of Marui/Modi stores, online shopping and mail-order, specialty store, credit loan, collection and management of receivables, design and interior decoration, planning and making of advertisement, trucking, forwarding, software development, building management, and security service businesses. Marui Group Co., Ltd. was founded in 1931 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Marui Group generates revenue primarily through its retail operations, which include sales from its department stores and shopping centers. The company earns money by selling a diverse assortment of products from various categories, including fashion, beauty, and lifestyle goods. Additionally, Marui has a strong focus on creating a seamless shopping experience by leveraging e-commerce and digital marketing strategies, which help to drive online sales. A significant revenue stream also comes from its credit card operations, where Marui issues its own credit cards and earns interest and fees from customers. Strategic partnerships with various brands and companies enhance product offerings and customer traffic, further contributing to the company's financial performance.

Marui Group Co Financial Statement Overview

Summary

Income statement strength (82) shows healthy margins and multi-year earnings recovery, but this is outweighed by balance-sheet leverage (56; debt-to-equity ~2.89x) and especially weak cash flow (28; TTM operating and free cash flow both negative), which raises financial risk despite solid profitability.

Income Statement

Profitability is strong and improving: TTM (Trailing-Twelve-Months) gross margin is ~87% and operating margin is ~18.8%, with net margin ~11.0%. Revenue has expanded steadily over the last several years (annual growth positive each year since 2022, and ~2.1% in TTM), and earnings have rebounded sharply from the weak 2021 base. The main watch-out is that growth is moderate (not high) and margins, while healthy, can be sensitive for a credit-services model if funding costs or credit losses rise.

Balance Sheet

Returns are solid (TTM return on equity ~11.9%), but leverage is the key constraint: total debt is high versus equity (TTM debt-to-equity ~2.89x, up from ~2.02x in 2022), indicating increased balance-sheet risk. Assets have grown, but equity has not kept pace, which reduces flexibility in a tougher credit cycle and can pressure future profitability if borrowing costs remain elevated.

Cash Flow

Cash generation is the weak point in the most recent period: TTM (Trailing-Twelve-Months) operating cash flow is negative (about -¥4.7B) and free cash flow is also negative (about -¥22.3B), meaning reported earnings are not currently converting into cash. This is a deterioration versus 2023–2024 when both operating cash flow and free cash flow were positive, raising questions about working-capital/operating swings and the sustainability of shareholder returns until cash flow normalizes.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	272.39B	254.39B	235.23B	217.85B	209.32B	206.16B
Gross Profit	237.39B	222.76B	205.62B	191.74B	181.07B	177.33B
EBITDA	67.35B	57.20B	51.94B	45.44B	38.82B	16.74B
Net Income	29.07B	26.59B	24.67B	21.47B	17.79B	2.27B
Balance Sheet
Total Assets	1.21T	1.05T	1.00T	961.95B	920.03B	901.07B
Cash, Cash Equivalents and Short-Term Investments	56.15B	49.25B	64.56B	52.43B	39.72B	41.19B
Total Debt	776.60B	636.48B	594.36B	583.06B	527.16B	484.58B
Total Liabilities	971.11B	806.71B	749.87B	715.39B	657.98B	610.37B
Stockholders Equity	238.56B	246.14B	253.25B	246.14B	261.61B	290.18B
Cash Flow
Free Cash Flow	-22.30B	-17.59B	23.21B	7.02B	2.99B	11.82B
Operating Cash Flow	-4.72B	-4.48B	38.00B	16.72B	11.52B	22.19B
Investing Cash Flow	-12.31B	-13.66B	-18.27B	-22.38B	-13.76B	-16.24B
Financing Cash Flow	5.58B	2.84B	-7.88B	18.26B	770.00M	-5.60B

Marui Group Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3215.00
• 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:8252, the sentiment is Positive. The current price of 3215 is above the 20-day moving average (MA) of 3134.55, above the 50-day MA of 3152.08, and above the 200-day MA of 3081.89, indicating a bullish trend. The MACD of 5.65 indicates Negative momentum. The RSI at 55.80 is Neutral, neither overbought nor oversold. The STOCH value of 44.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8252.

Marui Group Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8253	73 Outperform	¥728.18B	12.11	9.13%	2.79%	20.96%	22.58%
8572	69 Neutral	¥797.25B	14.90	7.91%	3.48%	6.65%	-4.35%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8584	67 Neutral	¥193.88B	9.82	―	4.42%	2.13%	-25.62%
8570	66 Neutral	¥367.35B	23.34	3.05%	3.04%	10.31%	-40.64%
8252	61 Neutral	¥567.74B	19.70	11.30%	3.66%	8.02%	19.35%
8515	56 Neutral	¥244.27B	8.25	13.08%	1.25%	15.37%	26.00%

Marui Group Co Corporate Events

Marui Group Releases Comprehensive Fact Book for Nine-Month 2025 Results and 2026 Outlook

Marui Group Co. released a fact book for the nine months ended December 31, 2025, covering its retail and credit card operations, including total group transaction volumes, revenue, gross profit, and segment performance. The materials also outline its consolidated balance sheet, investment plans and execution, interest-bearing debt, and procurement via liquidation of receivables, giving investors a comprehensive view of its financial position and capital structure.

The disclosure further details operational metrics such as store-by-store retail transactions, customer numbers and average sales per purchase, and credit card membership trends, providing insight into underlying business drivers. Marui also presents forecasts for the fiscal year ending March 31, 2026, along with non-GAAP and lifetime value management indicators, store trends, and its Management Vision & Strategy Narrative 2031, signaling a continued focus on long-term value creation and strategic evolution for stakeholders.

The most recent analyst rating on (JP:8252) stock is a Hold with a Yen3065.00 price target. To see the full list of analyst forecasts on Marui Group Co stock, see the JP:8252 Stock Forecast page.

Marui Group Lifts Nine-Month Profit and Raises Payout Outlook

Marui Group reported solid growth for the nine months ended December 31, 2025, with revenue rising 9.6% year on year to ¥205.8 billion and profit attributable to owners of parent up 13.1% to ¥21.5 billion, reflecting improved operating efficiency and profitability. Despite a slight decline in the equity ratio due to balance sheet expansion, the company plans higher full-year dividends and forecasts further earnings growth, underscoring its confidence in sustaining returns to shareholders and maintaining an ROE above 11%.

The most recent analyst rating on (JP:8252) stock is a Hold with a Yen3065.00 price target. To see the full list of analyst forecasts on Marui Group Co stock, see the JP:8252 Stock Forecast page.

Marui Group Reports Initial Progress on Share Buyback Program

Marui Group Co., Ltd. has reported progress on its ongoing share buyback program, acquiring 234,100 shares of its common stock on the Tokyo Stock Exchange between January 1 and January 31, 2026, for a total expenditure of ¥699,492,900. This transaction forms part of a broader share repurchase framework approved by the board in November 2025, which authorizes buybacks of up to 10 million shares or ¥20 billion through May 15, 2026; as of January 31, the company has achieved 2.34% of the maximum share volume and 3.50% of the authorized monetary amount, signaling a measured pace in capital return that may support shareholder value and signal management’s confidence in the company’s valuation.

The most recent analyst rating on (JP:8252) stock is a Hold with a Yen3065.00 price target. To see the full list of analyst forecasts on Marui Group Co stock, see the JP:8252 Stock Forecast page.

Marui Group Reports No Progress Yet on Authorized Share Buyback

Marui Group announced that, during the period from December 1 to December 31, 2025, it did not acquire any of its own shares under its previously authorized share buyback program, resulting in zero shares repurchased and no funds deployed. This means that, despite board approval in November 2025 to buy back up to 10 million shares for as much as ¥20 billion by May 15, 2026, the company has yet to execute on the authorization, leaving its capital allocation and shareholder return stance unchanged for now and signaling no immediate impact on share count or earnings per share.

The most recent analyst rating on (JP:8252) stock is a Hold with a Yen3215.00 price target. To see the full list of analyst forecasts on Marui Group Co stock, see the JP:8252 Stock Forecast page.

Marui Group’s Treasury Stock Acquisition Update

Marui Group Co., Ltd. announced the progress of its treasury stock acquisition, revealing that no shares were acquired during the specified period from November 17 to November 30, 2025. Despite the board’s resolution to acquire up to 10 million shares valued at 20 billion yen, the acquisition has yet to commence, potentially impacting the company’s stock market strategy and shareholder value.

The most recent analyst rating on (JP:8252) stock is a Hold with a Yen3215.00 price target. To see the full list of analyst forecasts on Marui Group Co stock, see the JP:8252 Stock Forecast page.