Financials Marubun Corporation

Stocks

Market Closed - Japan Exchange 01:30:00 2026-11-11 EST			5-day change	1st Jan Change
2,100.00 ^JPY	+2.09%		-3.67%	+61.17%

10-30	Marubun Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2027	CI
05-20	Marubun Corporation Announces Retirement of Hiroshi Imamura as Non-Executive Director, Effective June 25, 2026	CI

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Net sales ¹	167,794	226,171	236,490	210,837	213,425	240,000	258,000	275,000
Change	-	34.79%	4.56%	-10.85%	1.23%	12.45%	7.5%	6.59%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	5,994	10,997	12,984	8,958	7,763	10,600	11,600	13,000
Change	-	83.47%	18.07%	-31.01%	-13.34%	36.55%	9.43%	12.07%
Interest Paid ¹	-393	-2,443	-4,446	-3,560	-2,146	-1,800	-1,800	-1,800
Earnings before Tax (EBT)	3,848	7,884	5,622	6,584	5,187	-	7,750	8,600
Change	-	104.89%	-28.69%	17.11%	-21.22%	-	-	10.97%
Net income ¹	2,437	5,201	3,401	4,272	3,303	5,700	6,500	7,500
Change	-	113.42%	-34.61%	25.61%	-22.68%	72.57%	14.04%	15.38%
Announcement Date	5/13/22	5/12/23	5/10/24	5/9/25	5/11/26	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2022 Q1	2022 Q3	2023 Q1	2023 Q3	2024 Q1	2024 Q3	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	37,347	40,299	46,156	62,214	60,414	55,785	50,788	47,795	53,370	58,884	49,884	52,812	50,124	60,604	52,277	56,873	60,350	70,924
Change	-	7.9%	14.53%	34.79%	-2.89%	-7.66%	-8.96%	-5.89%	11.66%	10.33%	-15.28%	5.87%	-5.09%	20.91%	-13.74%	8.79%	6.11%	17.52%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,076	1,433	2,024	3,444	3,131	2,845	2,648	1,724	2,363	2,223	757	1,970	1,551	3,484	1,804	1,296	2,800	3,225
Change	-	33.18%	41.24%	70.16%	-9.09%	-9.13%	-6.92%	-34.89%	37.06%	-5.92%	-65.95%	160.24%	-21.27%	124.63%	-48.22%	-28.16%	116.05%	15.18%
Charge d'intérêts	-85	-103	-207	-839	-1,019	-1,267	-1,048	-	-819	-	-567	-	-538	-	-525	-	-	-
Earnings before Tax (EBT) ¹	1,026	937	-251	5,239	-97	3,142	754	2,618	-321	3,533	1,313	520	-300	3,653	1,013	-	-	-
Change	-	-8.67%	-126.79%	2,187.25%	-101.85%	3,339.18%	-76%	247.21%	-112.26%	1,200.62%	-62.84%	-60.4%	-157.69%	1,317.67%	-72.27%	-	-	-
Net income ¹	557	470	-350	3,492	-330	2,168	429	1,714	-318	2,447	625	360	-494	2,812	500	1,000	1,300	1,627
Change	-	-15.62%	-174.47%	1,097.71%	-109.45%	756.97%	-80.21%	299.53%	-118.55%	869.5%	-74.46%	-42.4%	-237.22%	669.23%	-82.22%	100%	30%	25.15%
Announcement Date	7/30/21	1/31/22	7/29/22	1/31/23	7/31/23	1/31/24	7/31/24	10/31/24	2/7/25	5/9/25	8/1/25	11/4/25	1/30/26	5/11/26	7/31/26	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2023 S1	2024 S1	2025 S1	2025 S2	2026 S1	2026 S2	2027 S1	2027 S2
Net sales ¹	101,022	123,729	98,583	112,254	102,697	110,728	108,726	131,274
Change	-	22.48%	-20.32%	13.87%	-8.51%	7.82%	-1.81%	20.74%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	5,267	7,342	4,372	4,586	2,727	5,036	4,575	6,025
Change	-	39.4%	-40.45%	4.89%	-40.54%	84.67%	-9.15%	31.69%
Charge d'intérêts	-764	-2,205	-2,043	-	-1,102	-	-977	-
Earnings before Tax (EBT)	1,134	2,079	3,372	3,212	1,834	3,353	4,421	-
Change	-	83.33%	62.19%	-4.74%	-42.9%	82.82%	31.85%	-
Net income ¹	469	1,137	2,143	2,129	985	2,318	2,773	2,927
Change	-	142.43%	88.48%	-0.65%	-53.73%	135.33%	19.63%	5.55%
Announcement Date	10/31/22	10/31/23	10/31/24	5/9/25	11/4/25	5/11/26	10/30/26	-

¹JPY in Million

Estimates

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Net Debt	28,681	53,389	40,891	26,286	24,207	-	-	-
Change	-	86.15%	-23.41%	-35.72%	-7.91%	-	-	-
Announcement Date	5/13/22	5/12/23	5/10/24	5/9/25	5/11/26	-	-	-

Estimates

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
CAPEX ¹	643	609	1,023	1,433	1,596	800	800	800
Change	-	-5.29%	67.98%	40.08%	11.37%	-49.87%	0%	0%
Free Cash Flow (FCF) ¹	-	-19,590	21,671	16,102	4,787	-	-	-
Change	-	-	210.62%	-25.7%	-70.27%	-100%	-	-
Announcement Date	5/13/22	5/12/23	5/10/24	5/9/25	5/11/26	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028	2029
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	3.57%	4.86%	5.49%	4.25%	3.64%	4.42%	4.5%	4.73%
EBT Margin (%)	-	2.29%	3.49%	2.38%	3.12%	2.43%	-	3%	3.13%
Net margin (%)	-	1.45%	2.3%	1.44%	2.03%	1.55%	2.38%	2.52%	2.73%
FCF margin (%)	-	-	-8.66%	9.16%	7.64%	2.24%	-	-	-
FCF / Net Income (%)	-	-	-376.66%	637.19%	376.92%	144.93%	-	-	-
Profitability
ROA	0.5%	2.72%	4.24%	4.64%	3.51%	3.35%	-	-	-
ROE	-4.61%	5.75%	11.34%	7.09%	7.55%	5.97%	-	-	-
Financial Health
Leverage (Debt/EBITDA)	11.53x	4.28x	4.57x	3.03x	2.8x	2.85x	-	-	-
Debt / Free cash flow	1.26x	-3.24x	-2.15x	2.62x	1.73x	8.84x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	0.38%	0.27%	0.43%	0.68%	0.75%	0.33%	0.31%	0.29%
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-3.11%	4.72%	8.9%	33.34%	-	-	-
Items per share
Cash flow per share ¹	-	120.2	225.5	149.5	179.4	153.5	-	-	-
Change	-	-	87.7%	-33.72%	20.04%	-14.44%	-	-	-
Dividend per Share ¹	-	30	80	52	66	50	100	115	130
Change	-	-	166.67%	-35%	26.92%	-24.24%	100%	15%	13.04%
Book Value Per Share ¹	-	1,634	1,827	1,938	2,084	2,168	-	-	-
Change	-	-	11.79%	6.08%	7.5%	4.04%	-	-	-
EPS ¹	-	93.26	199	130.1	163.3	126.1	217.1	247.6	285.7
Change	-	-	113.42%	-34.65%	25.55%	-22.77%	72.15%	14.05%	15.39%
Nbr of stocks (in thousands)	-	26,135	26,135	26,158	26,169	26,243	26,243	26,243	26,243
Announcement Date	-	5/13/22	5/12/23	5/10/24	5/9/25	5/11/26	-	-	-