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Maruka

TSE:7594
Snowflake Description

Solid track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7594
TSE
¥18B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Maruka Corporation, a trading company, engages in the import, export, and sale of industrial and construction machinery in the United States, Asia, and internationally. The last earnings update was 9 days ago. More info.


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7594 Share Price and Events
7 Day Returns
1.2%
TSE:7594
1.4%
JP Trade Distributors
0.4%
JP Market
1 Year Returns
1.7%
TSE:7594
7.1%
JP Trade Distributors
12.2%
JP Market
7594 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Maruka (7594) 1.2% -7.6% -4.7% 1.7% 23.2% 27%
JP Trade Distributors 1.4% 0.5% 6% 7.1% 23.8% 49.3%
JP Market 0.4% 0.6% 5.3% 12.2% 13.9% 26.2%
1 Year Return vs Industry and Market
  • 7594 underperformed the Trade Distributors industry which returned 7.1% over the past year.
  • 7594 underperformed the Market in Japan which returned 12.2% over the past year.
Price Volatility
7594
Industry
5yr Volatility vs Market
Related Companies

7594 Value

 Is Maruka undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Maruka to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Maruka.

TSE:7594 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-11-30) in JPY ¥ 59.75
Payout Ratio Company Filings (2019-11-30) 2576.3%
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSE:7594
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.946 (1 + (1- 30.86%) (11.91%))
1.016
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.016 * 6.33%)
6.34%

Discounted Cash Flow Calculation for TSE:7594 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Maruka is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

TSE:7594 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥59.75 / (6.34% - -0.09%)
¥929.19
TSE:7594 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥929.19
Current discount Discount to share price of ¥2,136.00
= -1 x (¥2,136.00 - ¥929.19) / ¥929.19
-129.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Maruka is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Maruka's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Maruka's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:7594 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-11-30) in JPY ¥318.87
TSE:7594 Share Price ** TSE (2020-01-24) in JPY ¥2136
Japan Trade Distributors Industry PE Ratio Median Figure of 107 Publicly-Listed Trade Distributors Companies 10.21x
Japan Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 16.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Maruka.

TSE:7594 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:7594 Share Price ÷ EPS (both in JPY)

= 2136 ÷ 318.87

6.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maruka is good value based on earnings compared to the JP Trade Distributors industry average.
  • Maruka is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Maruka's expected growth come at a high price?
Raw Data
TSE:7594 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-2.5%per year
Japan Trade Distributors Industry PEG Ratio Median Figure of 21 Publicly-Listed Trade Distributors Companies 2.25x
Japan Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.89x

*Line of best fit is calculated by linear regression .

TSE:7594 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.7x ÷ -2.5%

-2.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maruka earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Maruka's assets?
Raw Data
TSE:7594 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-11-30) in JPY ¥2,676.72
TSE:7594 Share Price * TSE (2020-01-24) in JPY ¥2136
Japan Trade Distributors Industry PB Ratio Median Figure of 108 Publicly-Listed Trade Distributors Companies 0.75x
Japan Market PB Ratio Median Figure of 3,547 Publicly-Listed Companies 1.16x
TSE:7594 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7594 Share Price ÷ Book Value per Share (both in JPY)

= 2136 ÷ 2,676.72

0.8x

* Primary Listing of Maruka.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maruka is overvalued based on assets compared to the JP Trade Distributors industry average.
X
Value checks
We assess Maruka's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Maruka has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

7594 Future Performance

 How is Maruka expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Maruka expected to grow at an attractive rate?
  • Maruka's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Maruka's earnings are expected to decrease over the next 1-3 years, this is below the Japan market average.
  • Maruka's revenue growth is positive but not above the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:7594 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:7594 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -2.5%
TSE:7594 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1%
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 3.1%
Japan Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSE:7594 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:7594 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-11-30 72,000 3,300 2,600 1
2021-11-30 67,000 2,650 2,245 1
2020-11-30 63,000 2,498 1,700 1
2020-01-24
TSE:7594 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-11-30 69,197 -1,543 2,694
2019-08-31 68,043 2,841
2019-05-31 68,189 -678 2,891
2019-02-28 64,704 2,762
2018-11-30 64,511 2,727 1,922
2018-08-31 61,159 1,572
2018-05-31 58,079 925 1,343
2018-02-28 55,681 1,329
2017-11-30 52,363 743 1,235
2017-08-31 50,709 1,137
2017-05-31 47,935 358 970
2017-02-28 46,400 936

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Maruka's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Maruka's revenue is expected to grow by 1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSE:7594 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Maruka Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:7594 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-11-30 309.90 309.90 309.90 1.00
2021-11-30 252.65 266.90 238.40 2.00
2020-11-30 202.30 202.30 202.30 1.00
2020-01-24
TSE:7594 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-11-30 318.87
2019-08-31 336.54
2019-05-31 342.86
2019-02-28 327.99
2018-11-30 227.59
2018-08-31 185.45
2018-05-31 157.85
2018-02-28 155.62
2017-11-30 144.24
2017-08-31 132.13
2017-05-31 111.92
2017-02-28 107.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Maruka will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Maruka's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Japan market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Japan market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Maruka has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

7594 Past Performance

  How has Maruka performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Maruka's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Maruka's year on year earnings growth rate has been positive over the past 5 years.
  • Maruka's 1-year earnings growth exceeds its 5-year average (40.2% vs 11.5%)
  • Maruka's earnings growth has exceeded the JP Trade Distributors industry average in the past year (40.2% vs -1.8%).
Earnings and Revenue History
Maruka's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Maruka Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:7594 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-11-30 69,197.00 2,694.00 6,384.00
2019-08-31 68,043.00 2,841.00 6,300.00
2019-05-31 68,189.00 2,891.00 6,313.00
2019-02-28 64,704.00 2,762.00 6,265.00
2018-11-30 64,511.00 1,922.00 6,202.00
2018-08-31 61,159.00 1,572.00 6,059.00
2018-05-31 58,079.00 1,343.00 5,901.00
2018-02-28 55,681.00 1,329.00 5,699.00
2017-11-30 52,363.00 1,235.00 5,573.00
2017-08-31 50,709.00 1,137.00 5,317.00
2017-05-31 47,935.00 970.00 5,264.00
2017-02-28 46,400.00 936.00 5,129.00
2016-11-30 47,708.00 929.00 5,186.00
2016-08-31 48,221.00 1,281.00 5,174.00
2016-05-31 50,735.00 1,409.00 5,266.00
2016-02-29 52,499.00 1,625.00 5,302.00
2015-11-30 51,593.00 1,729.00 5,172.00
2015-08-31 51,850.00 1,802.00 5,224.00
2015-05-31 49,383.00 1,797.00 4,992.00
2015-02-28 48,258.00 1,756.00 4,831.00
2014-11-30 47,257.00 1,613.00 4,738.00
2014-08-31 44,446.00 1,340.00 4,562.00
2014-05-31 45,284.00 1,436.00 4,615.00
2014-02-28 46,227.00 1,440.00 4,590.00
2013-11-30 45,434.00 1,458.00 4,429.00
2013-08-31 45,643.00 1,495.00 4,362.00
2013-05-31 45,225.00 1,477.00 4,030.00
2013-02-28 42,743.00 1,332.00 3,863.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Maruka has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Maruka used its assets more efficiently than the JP Trade Distributors industry average last year based on Return on Assets.
  • Maruka has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Maruka's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Maruka has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

7594 Health

 How is Maruka's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Maruka's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Maruka is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Maruka's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Maruka's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 19.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Maruka Company Filings, last reported 1 month ago.

TSE:7594 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-11-30 23,247.00 2,142.00 9,286.00
2019-08-31 22,818.00 2,368.00 9,573.00
2019-05-31 22,612.00 1,092.00 9,735.00
2019-02-28 22,191.00 1,226.00 12,096.00
2018-11-30 21,073.00 732.00 10,305.00
2018-08-31 20,411.00 490.00 10,006.00
2018-05-31 20,024.00 414.00 9,027.00
2018-02-28 19,850.00 697.00 8,913.00
2017-11-30 19,860.00 1,001.00 8,768.00
2017-08-31 19,384.00 881.00 10,095.00
2017-05-31 19,228.00 1,031.00 9,639.00
2017-02-28 18,863.00 1,054.00 10,399.00
2016-11-30 18,680.00 744.00 9,785.00
2016-08-31 18,925.00 875.00 11,218.00
2016-05-31 19,045.00 1,022.00 12,181.00
2016-02-29 19,072.00 758.00 10,483.00
2015-11-30 18,945.00 368.00 10,244.00
2015-08-31 18,579.00 520.00 10,641.00
2015-05-31 18,431.00 226.00 10,309.00
2015-02-28 17,837.00 656.00 9,223.00
2014-11-30 17,500.00 254.00 9,380.00
2014-08-31 16,773.00 418.00 10,256.00
2014-05-31 16,601.00 694.00 9,077.00
2014-02-28 16,177.00 508.00 6,817.00
2013-11-30 15,928.00 443.00 7,970.00
2013-08-31 15,620.00 254.00 7,976.00
2013-05-31 15,089.00 258.00 8,471.00
2013-02-28 14,242.00 228.00 8,702.00
  • Maruka's level of debt (9.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.5% vs 9.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Maruka earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Maruka's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Maruka has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

7594 Dividends

 What is Maruka's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.2%
Current annual income from Maruka dividends. Estimated to be 2.8% next year.
If you bought ¥2,000 of Maruka shares you are expected to receive ¥44 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Maruka's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.31%).
  • Maruka's dividend is below the markets top 25% of dividend payers in Japan (2.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSE:7594 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Japan Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 106 Stocks 3.7%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2975 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.7%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 2.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSE:7594 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-11-30 78.00 1.00
2021-11-30 54.50 2.00
2020-11-30 52.00 1.00
2020-01-24
TSE:7594 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-21 47.000 2.271
2019-01-15 47.000 2.267
2018-07-04 43.000 2.063
2018-04-04 42.000 2.066
2018-02-26 42.000 2.102
2018-01-15 42.000 1.841
2017-10-05 39.000 1.806
2017-07-05 39.000 2.076
2017-02-24 37.000 2.005
2017-01-13 37.000 2.105
2016-02-24 35.000 2.761
2016-01-13 35.000 2.523
2015-07-03 30.000 1.612
2015-02-25 27.000 1.404
2015-01-13 27.000 1.644
2014-10-03 24.000 1.760
2014-07-03 24.000 1.718
2014-02-26 22.000 1.672
2014-01-14 22.000 1.756
2013-10-03 21.000 1.485
2013-07-03 21.000 1.688
2013-04-03 21.000 1.724
2013-02-27 21.000 1.684
2013-01-15 21.000 1.763
2012-10-09 18.000 1.861
2012-10-03 18.000 1.884
2012-07-09 18.000 1.970
2012-07-04 18.000 1.859
2012-04-04 16.000 1.753
2012-02-27 16.000 1.977
2012-01-13 16.000 2.188
2011-10-11 14.000 2.108
2011-10-05 14.000 2.185
2011-07-08 14.000 2.251
2011-07-05 14.000 2.199
2011-02-28 14.000 2.309
2011-01-13 14.000 2.210
2010-10-08 10.000 1.692
2010-10-05 10.000 1.659
2010-07-09 10.000 1.685
2010-07-05 10.000 1.637
2010-04-05 10.000 1.564
2010-02-25 10.000 1.736
2010-01-15 10.000 1.754
2009-10-09 10.000 1.504
2009-10-05 10.000 1.416
2009-07-09 20.000 2.743
2009-07-03 10.000 1.404
2009-04-03 20.000 3.090

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Maruka's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Maruka's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Maruka afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Maruka has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

7594 Management

 What is the CEO of Maruka's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Toshiaki Takeshita
AGE 66
TENURE AS CEO 8.9 years
CEO Bio

Mr. Toshiaki Takeshita has been the President of Maruka USA since September 2009. Mr. Takeshita has been the President of Maruka Machinery Co. Ltd., since February 2011 and served as its Managing Director. He joined Maruka Machinery Co., Ltd., in April 1976 and served as its Assistant General Manager of Overseas Operations Division since December 2001, Overall in-charge of Overseas Operations since December 2002, General Manager of Overseas Division since December 2004, General Manager of Industrial Machinery Division since April 2005 and as General Manager of Osaka Industrial Machinery Division since December 2009. He served as the President and Director of Maruka Malaysia since January 1993, Maruka Thailand since December 1998 and of Maruka India since September 2007. He has been a Director of Maruka USA since September 2009. Mr. Takeshita has been a Representative Director of Maruka Machinery Co. Ltd., since February 2011 and served as its Director since February 2004.

CEO Compensation
  • Insufficient data for Toshiaki to compare compensation growth.
  • Insufficient data for Toshiaki to establish whether their remuneration is reasonable compared to companies of similar size in Japan.
Management Team Tenure

Average tenure and age of the Maruka management team in years:

6.9
Average Tenure
65
Average Age
  • The average tenure for the Maruka management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Toshiaki Takeshita

TITLE
President & Representative Director
AGE
66
TENURE
8.9 yrs

Kunihiko Iida

TITLE
GM of Admin Division & Director
AGE
63
TENURE
6.9 yrs

Haruhisa Nihashi

TITLE
Senior Managing Exec. Officer
AGE
67

Tsunehisa Namba

TITLE
Deputy GM of Industrial Machinery
AGE
63

Satoshi Manabe

TITLE
Managing Executive Officer
AGE
65
TENURE
2.9 yrs

Kozo Kanda

TITLE
Executive Officer

Junichi Kurosawa

TITLE
Exec Officer

Toru Taniguchi

TITLE
Exec. Officer
Board of Directors Tenure

Average tenure and age of the Maruka board of directors in years:

8.9
Average Tenure
65
Average Age
  • The tenure for the Maruka board of directors is about average.
Board of Directors

Shinji Kamae

TITLE
Chairman of the Board
AGE
77
TENURE
8.9 yrs

Toshiaki Takeshita

TITLE
President & Representative Director
AGE
66
TENURE
8.9 yrs

Kunihiko Iida

TITLE
GM of Admin Division & Director
AGE
63
TENURE
11.1 yrs

Haruhisa Nihashi

TITLE
Senior Managing Exec. Officer
AGE
67
TENURE
6.9 yrs

Tsunehisa Namba

TITLE
Deputy GM of Industrial Machinery
AGE
63
TENURE
8.9 yrs

Satoshi Manabe

TITLE
Managing Executive Officer
AGE
65
TENURE
12.9 yrs

Junichi Kurosawa

TITLE
Exec Officer

Toru Taniguchi

TITLE
Exec. Officer

Nobuo Nagasaki

TITLE
External Director
AGE
64
TENURE
3.9 yrs

Junichi Ogino

TITLE
Director & Standing Corporate Auditor
AGE
65
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (¥) Value (¥)
X
Management checks
We assess Maruka's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Maruka has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

7594 News

Simply Wall St News

7594 Company Info

Description

Maruka Corporation, a trading company, engages in the import, export, and sale of industrial and construction machinery in the United States, Asia, and internationally. The company’s Industrial Machinery division provides machine tools, forming machinery, washing machines, injection molding machinery, welding machinery, surface treatment equipment, production machinery, bearings, hydraulic equipment, industrial robots, environmental equipment, water chillers, mold temperature controllers, environment-related products, and food machinery. This division serves the automobile, consumer electronics, agricultural equipment, railroad, food machinery, airplane, medical, and energy-related industries. Its Construction Machinery division sells and rents construction machines for harbor and construction machinery industries. The company was formerly known as Maruka Machinery Co., Ltd. and changed its name to Maruka Corporation in April 2019. Maruka Corporation was founded in 1946 and is headquartered in Osaka, Japan.

Details
Name: Maruka Corporation
7594
Exchange: TSE
Founded: 1946
¥17,978,726,952
8,417,007
Website: http://www.maruka.co.jp
Address: Maruka Corporation
2-2-5 Minamishinmachi,
Chuo-ku,
Osaka,
540-0024,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7594 Common Shares The Tokyo Stock Exchange JP JPY 30. Sep 1998
Number of employees
Current staff
Staff numbers
627
Maruka employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/24 15:28
End of day share price update: 2020/01/24 00:00
Last estimates confirmation: 2020/01/22
Last earnings filing: 2020/01/15
Last earnings reported: 2019/11/30
Last annual earnings reported: 2019/11/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.