Marusan Securities Co., Ltd. (JP:8613)
:8613
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Marusan Securities Co., Ltd.
(8613)
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Rating:75Outperform
Price Target:
¥1,176.00
▲(15.86% Upside)
Action:ReiteratedDate:05/01/26
The score is driven primarily by improving profitability and a low-leverage balance sheet, plus supportive valuation via a high dividend yield and moderate P/E. These positives are tempered by historically volatile cash flows and only neutral technical momentum.
Positive Factors
Conservative balance sheet
Low leverage and substantial equity provide durable financial flexibility. A conservatively levered balance sheet reduces refinancing and solvency risk during market stress, supports underwriting and trading operations, and enables sustained dividend or buyback capacity over months.
Negative Factors
Volatile cash generation
Large swings in operating and free cash flow reduce predictability of internal funding for capital allocation and distributions. Volatility undermines confidence in sustaining dividends, underwriting capacity, and strategic investments without relying on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and substantial equity provide durable financial flexibility. A conservatively levered balance sheet reduces refinancing and solvency risk during market stress, supports underwriting and trading operations, and enables sustained dividend or buyback capacity over months.
Read all positive factors
Marusan Securities Co., Ltd. (8613) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥69.64B
Dividend Yield6.15%
Average Volume (3M)219.31K
Price to Earnings (P/E)12.0
Beta (1Y)0.90
Revenue Growth13.26%
EPS Growth31.92%
CountryJP
Employees1,112
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)57.32
Shares Outstanding67,398,260
10 Day Avg. Volume174,560
30 Day Avg. Volume219,313
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)1.29
Price to Sales (P/S)3.04
P/FCF Ratio8.21
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
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, ...
How the Company Makes Money
Marusan Securities primarily makes money through securities-related fees and trading income generated from its client-facing brokerage business and related financial services. Key revenue streams typically include (1) brokerage commissions and fee...
Marusan Securities Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.51B | 21.73B | 18.85B | 18.61B | 14.93B | 18.67B |
| Gross Profit | 10.23B | 21.73B | 19.61B | 18.55B | 14.87B | 18.60B |
| EBITDA | 3.18B | 0.00 | 5.32B | 4.15B | 901.00M | 3.72B |
| Net Income | 2.26B | 5.01B | 3.79B | 2.92B | 778.00M | 2.83B |
Balance Sheet | ||||||
| Total Assets | 73.36B | 88.48B | 73.36B | 84.08B | 67.60B | 90.89B |
| Cash, Cash Equivalents and Short-Term Investments | 31.50B | 35.59B | 31.50B | 36.42B | 33.97B | 29.68B |
| Total Debt | 1.78B | 1.35B | 2.02B | 3.14B | 3.01B | 4.16B |
| Total Liabilities | 24.35B | 36.93B | 24.35B | 31.55B | 21.52B | 43.75B |
| Stockholders Equity | 49.01B | 51.44B | 49.01B | 52.52B | 46.09B | 47.13B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 8.06B | -1.10B | 6.99B | 10.64B | -1.14B |
| Operating Cash Flow | 0.00 | 9.29B | -160.00M | 7.56B | 10.99B | -371.00M |
| Investing Cash Flow | 0.00 | -549.00M | 509.00M | -734.00M | -4.60B | -911.00M |
| Financing Cash Flow | 0.00 | -4.89B | -5.05B | -1.89B | -1.56B | -2.05B |
Marusan Securities Co., Ltd. Technical Analysis
Positive
1015.00
Price Trends
1036.76
Positive
1006.84
Positive
945.07
Positive
Market Momentum
13.62
Negative
58.69
Neutral
58.01
Neutral
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 1046.06, below the 50-day MA of 1036.76, and above the 200-day MA of 945.07, indicating a bullish trend. The MACD of 13.62 indicates Negative momentum. The RSI at 58.69 is Neutral, neither overbought nor oversold. The STOCH value of 58.01 is Neutral, 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥85.73B | 6.96 | ― | 5.75% | 30.59% | 55.29% | |
75 Outperform | ¥69.64B | 12.02 | 9.22% | 6.15% | 13.26% | 31.92% | |
70 Outperform | ¥200.00B | 4.29 | ― | 4.01% | 21.03% | 85.36% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ¥233.66B | 13.77 | 14.00% | 5.13% | 34.33% | 47.34% | |
57 Neutral | ¥46.11B | 9.21 | ― | 4.86% | 10.70% | 63.03% | |
43 Neutral | ¥167.32B | 13.27 | 7.26% | 4.16% | 9.77% | -52.42% |
* Financial Sector Average
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Marusan Securities Co., Ltd. Corporate Events
Marusan Securities Delivers Strong Profit Growth and Higher Dividends for FY2026
Apr 28, 2026
Marusan Securities reported non-consolidated operating revenue of ¥21.7 billion for the fiscal year ended March 31, 2026, up 15.3% year on year, with operating profit surging 51.0% and ordinary profit rising 51.1%. Profit increased 44.0% to &...
Marusan Securities Forecasts Sharp Profit Growth for Fiscal 2026
Apr 15, 2026
Marusan Securities released preliminary financial results for the fiscal year ended March 31, 2026, reporting operating revenue of ¥21,725 million, operating profit of ¥5,375 million, ordinary profit of ¥5,923 million and profit of ...
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.