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Maruwa Co., Ltd. logo

Maruwa Co., Ltd.

5344.T

JPXTechnologyHardware, Equipment & Parts

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Latest quote

¥53,710

−¥390 · -0.72%

Aug 24, 3:30 PM JST

5344.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Maruwa Co., Ltd., founded in 1973 and based in Owariasahi, Japan, is a key manufacturer and distributor of ceramic and electronic products. The company's diverse ceramic offerings include ceramic and advanced metalized/multilayer ceramic substrates, fillers, pressed ceramic items, ceramic hermetic seals, and SiC components. Its electronic components division supplies antennas, EMC and RF parts, inductors, and capacitors. Additionally, Maruwa produces quartz glass products and a variety of LED lighting solutions, such as modules and individual components. These high-performance products are integral to numerous sectors and applications, including mobile and network infrastructure, LED technology, automotive electronics, RF systems, power electronics, IT and consumer electronics, semiconductor equipment, medical devices, 5G technology, TIM and TPH applications, and general insulation needs. The company was previously known as Maruwa Ceramic Co., Ltd. before adopting its current name in 1999.

Industry
Hardware, Equipment & Parts
Sector
Technology
Headquarters
JP
CEO
Toshiro Kanbe
Listed since
Jan 1, 2001
Employees
2,328

Market position

Day range

Current ¥53,710

52-week range

Current ¥53,710

Open
¥53,100
Previous close
¥54,100
Volume
58.5K
0.34× average
Average volume
171.34K
Average daily volume
Market cap
662.77B JPY
Beta
0.76
Market reference 1
50-day average
¥61,984.4
-13.35% below average
200-day average
¥57,808.9
-7.09% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
584.31B JPY
P/E (TTM)
35.34×
P/B (TTM)
4.38×
P/S (TTM)
8.67×
EV / EBITDA
18.4×
Earnings yield
2.79%
Free cash flow yield
-0.85%
Dividend yield
0.19%

Profitability & efficiency

Gross margin
52.96%
Operating margin
33.10%
Net margin
24.52%
Return on equity
12.33%
Return on assets
11.16%
Return on invested capital
11.62%

Financial health

Debt / equity
0×
Current ratio
6.95×
Altman Z-score
31.17
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends57%45%33%21%Gross margin, FY2021: 49.25%Gross margin, FY2022: 50.72%Gross margin, FY2023: 48.95%Gross margin, FY2024: 53.73%Gross margin, FY2025: 52.58%Operating margin, FY2021: 33.52%Operating margin, FY2022: 34.25%Operating margin, FY2023: 32.16%Operating margin, FY2024: 37.46%Operating margin, FY2025: 33.54%Net margin, FY2021: 24.57%Net margin, FY2022: 25.54%Net margin, FY2023: 24.72%Net margin, FY2024: 26.78%Net margin, FY2025: 24.39%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 49.25%. Gross margin FY2022 50.72%. Gross margin FY2023 48.95%. Gross margin FY2024 53.73%. Gross margin FY2025 52.58%. Operating margin FY2021 33.52%. Operating margin FY2022 34.25%. Operating margin FY2023 32.16%. Operating margin FY2024 37.46%. Operating margin FY2025 33.54%. Net margin FY2021 24.57%. Net margin FY2022 25.54%. Net margin FY2023 24.72%. Net margin FY2024 26.78%. Net margin FY2025 24.39%.

Income trends

Revenue

74.48B JPY+3.66%

Operating income

24.98B JPY-7.20%

Net income

18.16B JPY-5.61%
Income trends across reported periods80.59B JPY56.14B JPY31.69B JPY7.24B JPYRevenue, FY2021: 54.34B JPYRevenue, FY2022: 58.8B JPYRevenue, FY2023: 61.56B JPYRevenue, FY2024: 71.85B JPYRevenue, FY2025: 74.48B JPYOperating income, FY2021: 18.22B JPYOperating income, FY2022: 20.14B JPYOperating income, FY2023: 19.8B JPYOperating income, FY2024: 26.91B JPYOperating income, FY2025: 24.98B JPYNet income, FY2021: 13.35B JPYNet income, FY2022: 15.02B JPYNet income, FY2023: 15.22B JPYNet income, FY2024: 19.24B JPYNet income, FY2025: 18.16B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 54.34B JPY. Revenue FY2022 58.8B JPY. Revenue FY2023 61.56B JPY. Revenue FY2024 71.85B JPY. Revenue FY2025 74.48B JPY. Operating income FY2021 18.22B JPY. Operating income FY2022 20.14B JPY. Operating income FY2023 19.8B JPY. Operating income FY2024 26.91B JPY. Operating income FY2025 24.98B JPY. Net income FY2021 13.35B JPY. Net income FY2022 15.02B JPY. Net income FY2023 15.22B JPY. Net income FY2024 19.24B JPY. Net income FY2025 18.16B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue74.48B JPY71.85B JPY61.56B JPY58.8B JPY54.34B JPY
Cost of goods sold35.32B JPY33.25B JPY31.43B JPY28.98B JPY27.58B JPY
Gross profit39.16B JPY38.6B JPY30.14B JPY29.83B JPY26.76B JPY
Research and development—1.67B JPY1.41B JPY1.43B JPY1.45B JPY
Selling, general, and administrative14.18B JPY10.01B JPY8.92B JPY8.26B JPY7.1B JPY
Operating expenses14.18B JPY11.69B JPY10.33B JPY9.69B JPY8.55B JPY
Interest income616M JPY331M JPY225M JPY107M JPY58M JPY
Interest expense——1M JPY5M JPY7M JPY
Depreciation and amortization5.33B JPY4.69B JPY4.14B JPY3.09B JPY2.57B JPY
Operating income24.98B JPY26.91B JPY19.8B JPY20.14B JPY18.22B JPY
Net income18.16B JPY19.24B JPY15.22B JPY15.02B JPY13.35B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
30%
3 beats, 7 misses, 0 met estimates
Average EPS surprise
+0.73%
10 comparable reports
Latest EPS result
361.96
Estimate 412.15 · Miss by 12.18%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates600.95488.37375.79263.21Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 447.85, estimate 396.58, surprise +12.93%, Beat. Q2 2025, reported Apr 23, 2025: actual 427.65, estimate 470.16, surprise -9.04%, Miss. Q3 2025, reported Jul 24, 2025: actual 314.31, estimate 361.77, surprise -13.12%, Miss. Q4 2025, reported Nov 5, 2025: actual 286.5, estimate 286.52, surprise -0.01%, Miss. Q1 2026, reported Feb 3, 2026: actual 398.68, estimate 416.33, surprise -4.24%, Miss. Q2 2026, reported May 8, 2026: actual 472.57, estimate 577.66, surprise -18.19%, Miss. Q3 2026, reported Jul 29, 2026: actual 361.96, estimate 412.15, surprise -12.18%, Miss. Q4 2026, reported Oct 22, 2026: actual —, estimate 456.63, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates23.27B20.5B17.73B14.96BQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 18.32B JPY, estimate 19.37B JPY, surprise -5.42%, Miss. Q2 2025, reported Apr 23, 2025: actual 18.71B JPY, estimate 18.2B JPY, surprise +2.79%, Beat. Q3 2025, reported Jul 24, 2025: actual 17.26B JPY, estimate 18.78B JPY, surprise -8.09%, Miss. Q4 2025, reported Nov 5, 2025: actual 15.86B JPY, estimate 19.3B JPY, surprise -17.83%, Miss. Q1 2026, reported Feb 3, 2026: actual 19.11B JPY, estimate 18.8B JPY, surprise +1.65%, Beat. Q2 2026, reported May 8, 2026: actual 22.25B JPY, estimate 22.38B JPY, surprise -0.55%, Miss. Q3 2026, reported Jul 29, 2026: actual 19.27B JPY, estimate 19.9B JPY, surprise -3.18%, Miss. Q4 2026, reported Oct 22, 2026: actual —, estimate 22.33B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥98.00

2025 complete year+58.1% since 2021

2026 partial: ¥51.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥55.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥55.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥51.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 22, 2026

Dividend

Ex-dividend Sep 29, 2025

¥51.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 8, 2025

Dividend

Ex-dividend Mar 28, 2025

¥47.00

Semi-Annual

Record Mar 31, 2025 · Payment Mar 28, 2025

Dividend

Ex-dividend Sep 27, 2024

¥47.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 2, 2024

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ETFs holding 5344.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
1.14B
Weight
0.04%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥417.7-0.07%
iShares JPX-Nikkei 400 ETF logoiShares JPX-Nikkei 400 ETF1364.T
Market value
330.01M
Weight
0.06%
AUM
592.34B JPY
Expense ratio
0.05%
Price / 1D
¥3,7610.00%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
40.77M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
27.23M
Weight
0.01%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
22.15M
Weight
0.01%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
12.21M
Weight
0.09%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
Schwab International Equity ETF logoSchwab International Equity ETFSCHF
Market value
6.9M
Weight
0.01%
AUM
69.7B USD
Expense ratio
0.03%
Price / 1D
$28.46+0.85%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
6.47M
Weight
0.01%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%

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