1. Japan Stocks

  2. •

    Producer manufacturing

  3. •

    Electrical products
MARUWA CO., LTD.

MARUWA CO., LTD.

268.00
EUR
-8.00
(-2.90%)
8.18EPS
46.93P/E
4.74BMarket Cap
Oct 27Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
2,713.39
2,656.73
2,475.96
2,606.04
3,115.19
3,333.87
3,343.18
3,359.93
4,404.96
4,766.47
4,989.94
5,822.94
6,035.95
6,198.66
Basic EPS, GAAP
209.6
71.59
185.18
230.78
448.47
547.92
477.9
562.31
1,082.11
1,217.48
1,233.3
1,559.45
1,472.03
1,519.62
Free Cash Flow per Basic Share
117.08
119.82
223.55
270.46
391.62
209.41
428.01
416.52
887.49
561.16
478.05
1,230.25
-453.13
- -
Dividend per Share
31.97
35
37
39
42
46.02
50.02
53.92
69.95
73.92
83
89.96
97.98
- -
Book Value per Share
3,240.06
3,319.73
3,376.55
3,506.62
3,965.83
4,451.92
4,821.08
5,378.08
6,458.02
7,636
8,850.88
10,360.85
11,933.74
12,267.21
Tangible Book Value per Share
3,148.85
3,248.75
3,330.47
3,482.36
3,943.6
4,408.72
4,784.54
5,357
6,433.86
7,612.98
8,825.1
10,324.87
11,898.25
12,227.42
Basic Weighted Avg Shares
12
12
12
12
12
12
12
12
12
12
12
12
12
12
Sales/Revenue/Turnover
33,475
32,811
30,578
32,187
38,513
41,193
41,231
41,438
54,344
58,804
61,564
71,849
74,476
76,487
Operating Margin (%)
10.01
7.33
12.47
15.39
23.82
23.2
22.67
24.73
33.52
34.25
32.16
37.46
33.54
33.11
Depreciation Expense
2,598
2,427
2,193
1,938
1,867
2,077
2,373
2,195
2,570
3,087
4,138
4,690
5,334
- -
Net Income, GAAP
2,586
884
2,287
2,850
5,544
6,770
5,894
6,935
13,350
15,020
15,216
19,242
18,163
18,751
Effective Tax Rate (%)
28.43
49.37
37.26
33.74
34.44
31.44
32.23
29.83
30.93
29.03
27.6
29.15
31.25
31.12
Profit Margin (%)
7.72
2.69
7.48
8.86
14.4
16.43
14.29
16.74
24.57
25.54
24.72
26.78
24.39
24.52
Working Capital
22,176
23,692
26,080
28,450
33,035
36,715
39,832
44,102
55,196
61,724
70,664
86,357
88,319
90,673
LT Debt
1,159
253
115
- -
- -
- -
1,200
1,599
733
400
- -
- -
- -
- -
Total Equity
40,016
41,000
41,700
43,317
49,030
54,955
59,454
66,344
79,679
94,213
109,201
127,852
147,261
151,376
Return on Invested Capital (%)
5.84
2.84
5.59
7.54
12.6
12.17
10.65
10.84
16.09
15.56
13.65
15.55
12.09
12.2
Return on Capital (%)
6.43
2.11
5.42
6.67
12.01
13.02
10.12
10.69
17.84
17.04
14.88
16.21
13.2
13.26
Return on Common Equity (%)
6.7
2.18
5.53
6.71
12.01
13.02
10.3
11.03
18.28
17.28
14.96
16.23
13.2
13.26

Capital Structure

JPY

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
519,194
666,597
880,071

Working Capital

JPY

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
100,691
103,175
104,248
Cash, Cash Equivalents & STI
67,840
67,185
67,719
Accounts Receivable, Net
13,937
13,671
12,716
Inventories
14,343
16,294
19,918
Total Current Liabilities
11,306
14,856
13,575
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.54%
17.3%
15.18%
Free Cash Flow
20.28%
16.42%
-136.83%
Net Income, GAAP
27.31%
25.43%
-5.61%
Sales/Revenue/Turnover
9.69%
12.88%
3.66%
Total Cash Common Dividend
10.41%
13.01%
8.92%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
16,243
18,579
18,319
18,708
71,849
2026
17,256
15,859
19,110
22,251
74,476
2027
19,267
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
364.96
319.13
447.73
427.64
1,559.45
2026
314.31
286.5
398.67
472.53
1,472.03
2027
361.92
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
89.96
2026
- -
- -
- -
- -
97.98
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Toshiro Kanbe
Full Time Employees
1,322
Sector
Producer manufacturing
Industry
Electrical products
Address
3-83, Minamihonjigahara-cho Owariasahi AI Japan 488-0044
IPO Date
Dec 2, 1998
Website
maruwa-g.com
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Business
Maruwa Co., Ltd. is a Japan-based manufacturer and seller of advanced ceramics and electronic components, founded in 1973 and headquartered in Owariasahi, Aichi Prefecture. The company operates across four main business divisions: Ceramics; Electronic Components and Devices; Quartz Glass; and LED Lighting. Its ceramics segment produces high-performance ceramic substrates, ceramic fillers, metalized and multilayer ceramic substrates, pressed ceramic products, ceramic hermetic seals, and silicon carbide (SiC) components. The electronic components division manufactures antennas, electromagnetic compatibility (EMC) and radio frequency (RF) components, inductors, capacitors, multilayer capacitors, and EMI filters. The quartz glass segment supplies various quartz glass products such as quartz boats and tubes used in semiconductor manufacturing and other high-tech applications. The LED lighting business develops and sells LED lighting fixtures for street, tunnel, and landscape lighting, leveraging integrated ceramic, circuit design, and packaging technologies for enhanced heat dissipation and performance. Recently, Maruwa has focused on expanding its global mass production capabilities for electronic components including magnetic sheets and inductors, and advancing its ceramic and quartz glass technologies to serve rapidly growing technical fields like semiconductors, solar cells, and LED applications. In 2025, Maruwa received the "Kurumin Certification" from Japan's Ministry of Health, Labour and Welfare, reflecting its commitment to sustainable operations. The company has also revised its earnings forecast in response to business changes and continues to innovate within its core ceramic material technologies and electronic device offerings. Maruwa maintains a strategic emphasis on combining material science expertise with integrated manufacturing processes to meet the stringent requirements of sectors such as automotive, telecommunications, industrial equipment, renewable energy, aerospace, and medical devices. This positions Maruwa as a leading supplier of critical high-performance materials and components globally. Maruwa Co., Ltd. serves a diverse customer base across Japan and international markets, providing specialized materials and components essential for advanced technological applications. The company leverages a vertically integrated production system from raw ceramic materials to finished electronic devices, supporting the performance and quality demands of next-generation electronic and industrial products. Its dedication to research and development, quality control, and technological innovation sustains its market leadership and reinforces its role as a trusted partner in high-end industrial sectors.