Marusan Securities Co., Ltd. (8613) AI Stock Analysis

• Market Cap: ¥72.04B
• Dividend Yield: 6.15%
• Average Volume (3M): 219.31K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 0.87
• Revenue Growth: 7.45%
• EPS Growth: 45.25%
• Country: JP
• Employees: 1,112
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): N/A
• Shares Outstanding: 67,398,260
• 10 Day Avg. Volume: 174,560
• 30 Day Avg. Volume: 219,313
• PEG Ratio: 0.55
• Price to Book (P/B): 1.22
• Price to Sales (P/S): 3.17
• P/FCF Ratio: -54.05
• 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: 71 Outperform
• Price Target: ¥1,191.00 ▲(17.34% Upside)
• Action: Reiterated Date: 10/30/25
• Date: Action: Reiterated 10/30/25

Marusan Securities Co., Ltd. has a solid financial foundation with strong revenue growth and profitability. The stock's valuation is attractive, supported by a high dividend yield. However, technical indicators suggest caution due to potential bearish momentum. Improving cash flow management is crucial for sustaining long-term growth.

Positive Factors

Consistent revenue growth & margins

Sustained top-line growth combined with improving gross and net margins indicates the business can expand client activity while preserving profitability. This supports durable cash generation capacity, funds reinvestment in services, and enhances resilience through market cycles over the next several months.

Negative Factors

Weak cash flow & negative free cash flow

Negative operating cash flow and FCF reduce internal funding for growth, dividends, or buybacks and increase reliance on external financing. Persisting cash deficits can squeeze liquidity, constrain strategic investments, and heighten vulnerability to market stress over the medium term.

Marusan Securities Co., Ltd. Business Overview & Revenue Model

Company Description

Marusan Securities Co., Ltd. trades in securities and derivatives in Japan. It is involved in the brokerage, and financial instruments exchange market activities. The company also engages in the underwriting and sale of securities; handling sale, ...

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Marusan Securities Co., Ltd. trades in securities and derivatives in Japan. It is involved in the brokerage, and financial instruments exchange market activities. The company also engages in the underwriting and sale of securities; handling sale, ...

How the Company Makes Money

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Marusan Securities Co., Ltd. Financial Statement Overview

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	18.85B	18.61B	14.93B	18.67B	19.18B
Gross Profit	19.61B	18.55B	14.87B	18.60B	19.07B
EBITDA	5.32B	4.15B	901.00M	3.72B	4.09B
Net Income	3.79B	2.92B	778.00M	2.83B	4.16B
Balance Sheet
Total Assets	73.36B	84.08B	67.60B	90.89B	99.39B
Cash, Cash Equivalents and Short-Term Investments	31.50B	36.42B	33.97B	29.68B	32.96B
Total Debt	2.02B	3.14B	3.01B	4.16B	3.83B
Total Liabilities	24.35B	31.55B	21.52B	43.75B	52.99B
Stockholders Equity	49.01B	52.52B	46.09B	47.13B	46.40B
Cash Flow
Free Cash Flow	-1.10B	6.99B	10.64B	-1.14B	-3.23B
Operating Cash Flow	-160.00M	7.56B	10.99B	-371.00M	-2.74B
Investing Cash Flow	509.00M	-734.00M	-4.60B	-911.00M	1.57B
Financing Cash Flow	-5.05B	-1.89B	-1.56B	-2.05B	-1.43B

Marusan Securities Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1015.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8613, the sentiment is Positive. The current price of 1015 is below the 20-day moving average (MA) of 1023.58, below the 50-day MA of 1029.49, and above the 200-day MA of 936.32, indicating a bullish trend. The MACD of 10.66 indicates Negative momentum. The RSI at 63.14 is Neutral, neither overbought nor oversold. The STOCH value of 83.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8613.

Marusan Securities Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8707	81 Outperform	¥88.32B	6.63	―	5.75%	10.85%	30.77%
8609	80 Outperform	¥202.43B	6.74	―	4.01%	-2.39%	-4.54%
8628	74 Outperform	¥252.17B	12.14	14.00%	5.13%	3.27%	-1.81%
8613	71 Outperform	¥72.04B	12.60	9.22%	6.15%	7.45%	45.25%
8614	68 Neutral	¥49.27B	9.12	―	4.86%	6.40%	41.18%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8698	43 Neutral	¥175.84B	13.27	7.26%	4.16%	14.69%	-114.36%

Marusan Securities Co., Ltd. Corporate Events