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Maruichi Steel Tube Ltd.
(5463)
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Rating:71Outperform
Price Target:
¥1,854.00
▲(44.79% Upside)
Action:Reiterated
Date:09/30/26
The score is driven primarily by strong financial resilience from an exceptionally conservative balance sheet and solid profitability, offset by volatile free cash flow and recent revenue declines. Technical signals are currently weak (below key moving averages with negative MACD), while valuation is supportive with a moderate P/E and dividend yield.
Positive Factors
Very conservative balance sheet
Minimal leverage gives Maruichi substantial financial flexibility and reduces the burden of interest and refinancing costs. The steady accumulation of equity strengthens resilience through steel-cycle downturns and preserves capacity to fund operations, investment, or shareholder returns.
Negative Factors
Recent revenue contraction
Several consecutive periods of softer revenue indicate pressure on top-line expansion rather than a single isolated fluctuation. Continued contraction could limit operating leverage, reduce the ability to absorb fixed costs, and make future earnings growth more dependent on margins or efficiency.
Read all positive and negative factors
Positive Factors
Negative Factors
Very conservative balance sheet
Minimal leverage gives Maruichi substantial financial flexibility and reduces the burden of interest and refinancing costs. The steady accumulation of equity strengthens resilience through steel-cycle downturns and preserves capacity to fund operations, investment, or shareholder returns.
Read all positive factors
Maruichi Steel Tube Ltd. (5463) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥402.95B
Dividend Yield2.9%
Average Volume (3M)638.26K
Price to Earnings (P/E)13.3
Beta (1Y)0.67
Revenue Growth-1.88%
EPS Growth20.80%
CountryJP
Employees2,599
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)124.57
Shares Outstanding252,000,000
10 Day Avg. Volume470,610
30 Day Avg. Volume638,263
Financial Highlights & Ratios
PEG Ratio2.60
Price to Book (P/B)0.92
Price to Sales (P/S)1.32
P/FCF Ratio65.04
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)129.8
Revenue Forecast (FY)¥283.80B
Maruichi Steel Tube Ltd. Business Overview & Revenue Model
Company Description
Established in 1947 and headquartered in Osaka, Japan, Maruichi Steel Tube Ltd. is a prominent producer and supplier of steel tubes and steel sheet coatings. The company's operations span Japan, North America, and various Asian markets, where it o...
How the Company Makes Money
Maruichi Steel Tube Ltd. primarily makes money by manufacturing and selling steel tube/pipe products. Revenue is generated from (1) product sales of welded steel tubes and other steel tubular products, where pricing generally reflects shipment vol...
Maruichi Steel Tube Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 249.08B | 243.76B | 261.65B | 271.31B | 273.42B | 224.22B |
| Gross Profit | 54.94B | 52.14B | 43.80B | 53.50B | 46.71B | 51.73B |
| EBITDA | 49.90B | 47.48B | 47.96B | 45.08B | 40.83B | 44.30B |
| Net Income | 27.96B | 26.68B | 27.03B | 26.11B | 24.16B | 27.76B |
Balance Sheet | ||||||
| Total Assets | 433.10B | 422.37B | 425.63B | 429.53B | 393.17B | 370.08B |
| Cash, Cash Equivalents and Short-Term Investments | 107.19B | 105.80B | 117.33B | 105.37B | 100.16B | 84.24B |
| Total Debt | 4.39B | 4.39B | 3.69B | 5.37B | 9.20B | 3.68B |
| Total Liabilities | 68.12B | 60.43B | 65.90B | 69.03B | 68.94B | 62.48B |
| Stockholders Equity | 351.86B | 348.43B | 344.37B | 347.12B | 313.63B | 297.64B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 4.94B | 3.51B | 19.95B | 17.86B | 8.26B |
| Operating Cash Flow | 0.00 | 20.41B | 28.14B | 35.69B | 24.49B | 15.10B |
| Investing Cash Flow | 0.00 | 1.14B | 13.70B | -18.85B | 4.30B | -10.01B |
| Financing Cash Flow | 0.00 | -27.88B | -26.29B | -15.25B | -7.62B | -16.66B |
Maruichi Steel Tube Ltd. Technical Analysis
Negative
1280.50
Price Trends
1735.35
Negative
1723.75
Negative
1590.07
Positive
Market Momentum
-12.59
Positive
40.57
Neutral
19.49
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5463, the sentiment is Negative. The current price of 1280.5 is below the 20-day moving average (MA) of 1709.63, below the 50-day MA of 1735.35, and below the 200-day MA of 1590.07, indicating a neutral trend. The MACD of -12.59 indicates Positive momentum. The RSI at 40.57 is Neutral, neither overbought nor oversold. The STOCH value of 19.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5463.
Maruichi Steel Tube Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥214.81B | 11.31 | 8.92% | 4.43% | -6.96% | 30.12% | |
71 Outperform | ¥402.95B | 13.35 | ― | 3.10% | -1.88% | 20.80% | |
69 Neutral | ¥801.42B | 11.80 | 5.48% | 3.99% | -3.45% | -50.06% | |
63 Neutral | ¥197.18B | 18.05 | 4.75% | 4.97% | 2.78% | 24.29% | |
62 Neutral | ¥3.48T | 11.87 | 5.33% | 3.69% | 27.76% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | ¥1.04T | 11.72 | 3.65% | 4.60% | -3.75% | 31.87% |
* Basic Materials Sector Average
JP:5463
Maruichi Steel Tube Ltd.
1,673.50
451.03
36.89%
JP:5411
JFE Holdings
1,763.00
61.19
3.60%
JP:5406
Kobe Steel
2,048.00
387.78
23.36%
JP:5401
NIPPON STEEL
656.00
77.91
13.48%
JP:5451
Yodogawa Steel Works
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188.09
15.52%
JP:5482
Aichi Steel Corporation
3,040.00
572.57
23.21%
Maruichi Steel Tube Ltd. Corporate Events
Maruichi Steel Tube Reports Progress on Share Buyback Program
Sep 1, 2026
Maruichi Steel Tube has disclosed progress on its ongoing share repurchase program, acquiring 727,000 common shares on the open market of the Tokyo Stock Exchange between August 1 and August 31, 2026, at a total cost of about ¥1.27 billion. T...
Maruichi Steel Tube Delivers Strong Q1 Earnings Amid Semiconductor Demand Rebound
Aug 7, 2026
Maruichi Steel Tube reported robust first‑quarter results for the fiscal year ending March 31, 2027, with consolidated net sales rising 8.9% and operating income jumping 38.8%. Performance was driven by a 3.5% increase in unconsolidated sale...
Maruichi Steel Tube Delivers Strong Q1 Earnings and Confirms Double-Digit Growth Outlook
Aug 7, 2026
Maruichi Steel Tube reported strong consolidated results for the quarter ended June 30, 2026, with net sales up 8.9% year on year to ¥65.0 billion and operating profit surging 38.8% to ¥9.3 billion. Ordinary profit rose 38.0% to ¥10...
Maruichi Steel Tube Reports No Activity Yet Under Authorized Share Buyback Program
Aug 3, 2026
Maruichi Steel Tube reported on the progress of its share repurchase program authorized under its Articles of Incorporation, noting that no common shares were acquired and no funds were spent between July 1 and July 31, 2026, despite authorization...
Maruichi Steel Tube Expands Long-Term Restricted Stock Grants to Directors and Employees
Jul 7, 2026
Maruichi Steel Tube has approved the disposal of 285,100 treasury shares as restricted stock, valued at about ¥550.7 million, to directors and employees of the company and a key subsidiary. The program, part of an established restricted stock...
Maruichi Steel Tube Reports No Treasury Share Purchases Under Approved Buyback
Jul 1, 2026
Maruichi Steel Tube Ltd. reported that it made no progress on its previously authorized share repurchase program during the period from June 1 to June 30, 2026, acquiring zero shares at a total cost of zero yen through planned open-market purchase...
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.