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

• Market Cap: ¥68.78B
• Dividend Yield: 6.15%
• Average Volume (3M): 219.31K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 0.88
• 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: ¥1,142.00 ▲(12.51% 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

Revenue growth and profitability

Consistent revenue growth and persistent profitability indicate the firm can generate recurring brokerage and services income across market cycles. Over 2-6 months this supports stable operating cash inflows, underpins reinvestment capacity, and strengthens resilience to episodic market downturns.

Negative Factors

Negative free cash flow

Negative free cash flow from elevated capex and weak operating cash conversion constrains the firm's ability to self-fund growth, dividends, or buybacks. Persisting FCF deficits may force reliance on retained capital or external funding, reducing strategic flexibility 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: 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 above the 20-day moving average (MA) of 1012.43, below the 50-day MA of 1027.75, and above the 200-day MA of 937.43, indicating a bullish trend. The MACD of 0.52 indicates Negative momentum. The RSI at 53.24 is Neutral, neither overbought nor oversold. The STOCH value of 43.69 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8707	81 Outperform	¥83.62B	6.63	―	5.75%	10.85%	30.77%
8609	80 Outperform	¥188.95B	6.74	―	4.01%	-2.39%	-4.54%
8628	74 Outperform	¥246.52B	12.14	14.00%	5.13%	3.27%	-1.81%
8613	71 Outperform	¥68.78B	12.60	9.22%	6.15%	7.45%	45.25%
8614	68 Neutral	¥44.99B	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	¥172.58B	13.27	7.26%	4.16%	14.69%	-114.36%

Marusan Securities Co., Ltd. Corporate Events