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Marui Group Co
(8252)
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Rating:62Neutral
Price Target:
¥3,006.00
▲(0.48% Upside)
Action:Reiterated
Date:08/05/26
The score is primarily held back by weaker financial risk signals—especially the recent negative operating/free cash flow and higher leverage—despite strong profitability trends. Valuation is a clear positive given the high dividend yield and reasonable P/E, while technicals are mixed with the stock trading below key moving averages and momentum indicators showing weakness.
Positive Factors
Integrated retail × finance ecosystem
Marui's integrated retail and EPOS card business creates a durable customer acquisition and monetization loop: stores acquire consumers while the card captures transaction and financing income. That cross-selling ecosystem supports recurring fees and stickier customer relationships over months.
Negative Factors
Recent sharp deterioration in cash generation
The shift to negative operating and free cash flow materially reduces the margin of safety beneath reported profits. It increases reliance on external funding, constrains capital allocation, and heightens execution risk if cash conversion weakness persists over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated retail × finance ecosystem
Marui's integrated retail and EPOS card business creates a durable customer acquisition and monetization loop: stores acquire consumers while the card captures transaction and financing income. That cross-selling ecosystem supports recurring fees and stickier customer relationships over months.
Read all positive factors
Marui Group Co (8252) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥532.65B
Dividend Yield4.41%
Average Volume (3M)709.65K
Price to Earnings (P/E)18.7
Beta (1Y)0.23
Revenue Growth8.83%
EPS Growth10.43%
CountryJP
Employees3,820
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)164.69
Shares Outstanding183,660,420
10 Day Avg. Volume765,770
30 Day Avg. Volume709,650
Financial Highlights & Ratios
PEG Ratio1.83
Price to Book (P/B)2.25
Price to Sales (P/S)1.98
P/FCF Ratio-8.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,400.00Price Target Upside47.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)170.57
Revenue Forecast (FY)¥299.14B
Marui Group Co Business Overview & Revenue Model
Company Description
Marui Group Co., Ltd. is a Japanese investment holding firm with core operations spanning a diverse retail portfolio and advanced financial technology services. Its extensive retail activities include managing Marui and Modi department stores, fac...
How the Company Makes Money
Marui Group primarily makes money through two major segments: (1) fintech (consumer finance) and (2) retail/store-related businesses. In fintech, the company earns revenue mainly from its EPOS credit card operations: it receives payment-related in...
Marui Group Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
54
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 281.82B | 276.86B | 254.39B | 235.23B | 217.85B | 209.32B |
| Gross Profit | 247.33B | 227.81B | 222.76B | 205.62B | 191.74B | 181.07B |
| EBITDA | 67.54B | 66.03B | 57.20B | 51.94B | 45.44B | 38.82B |
| Net Income | 29.59B | 28.48B | 26.59B | 24.67B | 21.47B | 17.79B |
Balance Sheet | ||||||
| Total Assets | 1.21T | 1.14T | 1.05T | 1.00T | 961.95B | 920.03B |
| Cash, Cash Equivalents and Short-Term Investments | 51.74B | 53.55B | 49.25B | 64.56B | 52.43B | 39.72B |
| Total Debt | 806.24B | 716.25B | 636.48B | 594.36B | 583.06B | 527.16B |
| Total Liabilities | 972.19B | 896.45B | 806.71B | 749.87B | 715.39B | 657.98B |
| Stockholders Equity | 236.09B | 244.19B | 246.14B | 253.25B | 246.14B | 261.61B |
Cash Flow | ||||||
| Free Cash Flow | -67.73B | -65.90B | -17.59B | 23.21B | 7.02B | 2.99B |
| Operating Cash Flow | -52.69B | -48.40B | -4.48B | 38.00B | 16.72B | 11.52B |
| Investing Cash Flow | 5.09B | 1.39B | -13.66B | -18.27B | -22.38B | -13.76B |
| Financing Cash Flow | 48.69B | 51.31B | 2.84B | -7.88B | 18.26B | 770.00M |
Marui Group Co Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | ¥338.97B | 13.19 | 5.51% | 3.35% | 8.42% | 84.66% | |
64 Neutral | ¥659.86B | 10.51 | 8.64% | 2.83% | 10.98% | 0.22% | |
63 Neutral | ¥746.80B | 11.55 | 11.50% | 3.48% | 6.57% | 22.90% | |
62 Neutral | ¥532.65B | 18.74 | 11.68% | 4.38% | 8.83% | 10.43% | |
56 Neutral | ¥167.11B | 9.45 | ― | 4.42% | 1.18% | -26.06% |
* Financial Sector Average
JP:8252
Marui Group Co
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Marui Group Co Corporate Events
Marui Group Sets ¥20 Billion Share Buyback Limit to Boost Capital Efficiency
Aug 4, 2026
Marui Group Co., Ltd. has approved a new share buyback framework, authorizing the acquisition of up to 10 million shares, equivalent to 5.58% of its outstanding stock excluding existing treasury shares. The program, capped at 20 billion yen and ru...
Marui Group outlines Q1 FY2027 performance and long-term strategy in new fact book
Aug 4, 2026
Marui Group has released its fact book for the first quarter of the fiscal year ending March 31, 2027, detailing financial performance, transaction volumes and revenue trends across its retail and credit card operations. The document also outlines...
Marui Group Delivers Profit Growth and Raises Dividend Outlook for FY2027
Aug 4, 2026
Marui Group reported solid growth for the three months ended June 30, 2026, with revenue rising 7.4% year on year to ¥72.4 billion and operating profit up 10.5% to ¥15.4 billion. Profit attributable to owners of the parent climbed 14.0% ...
Marui Group Revises Cash Flow Figures in FY2026 Consolidated Results
Jun 19, 2026
Marui Group has corrected portions of its consolidated financial results for the fiscal year ended March 31, 2026, after discovering errors in its previously disclosed cash flow statements during preparation of the Annual Securities Report. The re...
Marui Group Ends Targeted Share Buyback at Fraction of Approved Limit
May 18, 2026
Marui Group Co., Ltd. has completed a share buyback program under which it repurchased 550,500 common shares on the Tokyo Stock Exchange between May 1 and May 15, 2026, at a total cost of about ¥1.65 billion. The company framed the buyback as...
Marui Extends Performance‑Linked ESOP Incentive Plan for Executives
May 15, 2026
Marui Group has resolved to continue its existing ESOP-based incentive plan for group executive management employees, aiming to strengthen their motivation to improve medium- to long-term performance and corporate value. The plan delivers company ...
Marui Group Extends Performance-Based Stock Plan to Align Pay With Long-Term Strategy
May 15, 2026
Marui Group has decided to continue its performance-based stock compensation plan for directors and executive officers at the parent company and 14 group subsidiaries, maintaining a framework that links management remuneration to the company’...
Marui Group Releases 2026 Fact Book and Sets Out 2027 Forecasts and 2031 Vision
May 15, 2026
Marui Group has released its Fact Book for the fiscal year ended March 31, 2026, detailing financial performance, segment revenues, transaction volumes, and balance sheet trends, alongside data on card members, store-by-store transactions, investm...
Marui Group Lifts Earnings and Dividends, Targets Further Growth in FY2027
May 15, 2026
Marui Group Co., Ltd. reported consolidated revenue of ¥276.9 billion for the fiscal year ended March 31, 2026, an 8.8% increase year on year, with operating profit up 12.8% to ¥50.2 billion and profit attributable to owners of parent ri...
Marui Group Extends ESOP Incentive Plan for Executive Management
May 15, 2026
Marui Group will continue its existing ESOP trust-based incentive plan for group executive management employees, aiming to strengthen their commitment to improving medium- to long-term performance and corporate value. The plan delivers company sha...
Marui Group Extends and Refines Performance-Based Stock Compensation Plan
May 15, 2026
Marui Group has decided to continue its performance-based stock compensation plan for directors and executive officers at the parent company and 14 group subsidiaries, while also maintaining its incentive plan for senior management. The scheme, in...
Marui Group Releases Comprehensive Fact Book for FY2026 and Outlines 2027 Outlook
May 15, 2026
Marui Group has released its Fact Book for the fiscal year ended March 31, 2026, detailing financial performance, group transaction volumes, revenue and gross profit trends, and the structure of selling, general and administrative expenses. The di...
Marui Group Delivers Profit Growth, Raises Dividend and Targets Higher ROE
May 15, 2026
Marui Group reported solid growth for the fiscal year ended March 31, 2026, with revenue rising 8.8% to ¥276.9 billion and operating profit climbing 12.8% to ¥50.2 billion, lifting profit attributable to owners of parent by 7.1% 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.