Marubeni 丸紅（株）
Official name: MARUBENI CORP.
Code 8002 · Prime market · Sector: Commercial & Wholesale Trade
Themes: EV & Batteries, Nuclear
ROE, equity ratio, FCF margin and growth come from the latest annual report on EDINET. PBR and dividend yield use the weekly reference close. Ranks compare with the companies among the 100 that have a value.
In plain words
- Revenue grew 5.5% a year over the 5 fiscal years to March 2026.
- Operating cash flow was 0.98 times net profit in the fiscal year to March 2026.
- Free cash flow was ¥417.4 billion in the fiscal year to March 2026, 5.0% of revenue.
- The dividend was ¥107.5 per share in the fiscal year to March 2026, covered 3.07 times by earnings per share.
- Equity was 41.4% of total assets at the end of March 2026.
Growth
Yearly growth of revenue, earnings per share and the dividend over 5 fiscal years (CAGR).
Revenue
Notes
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LO78, shown as filed. Amended annual reports filed later: S100PRN3, S100PROT, S100PROV, S100PROZ (Corrections filed).
Show data table
| Date | Revenue |
|---|---|
| 2017-03-31 | ¥7,128,805,000,000 |
| 2018-03-31 | ¥7,540,337,000,000 |
| 2019-03-31 | ¥7,401,256,000,000 |
| 2020-03-31 | ¥6,827,641,000,000 |
| 2021-03-31 | ¥6,332,414,000,000 |
| 2022-03-31 | ¥8,508,591,000,000 |
| 2023-03-31 | ¥9,190,472,000,000 |
| 2024-03-31 | ¥7,250,515,000,000 |
| 2025-03-31 | ¥7,790,168,000,000 |
| 2026-03-31 | ¥8,265,841,000,000 |
Basic EPS / DPS
- Basic EPS
- DPS
Notes
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LO78, shown as filed. Amended annual reports filed later: S100PRN3, S100PROT, S100PROV, S100PROZ (Corrections filed).
Show data table
| Date | Basic EPS | DPS |
|---|---|---|
| 2017-03-31 | ¥88.08 | ¥23 |
| 2018-03-31 | ¥119.43 | ¥31 |
| 2019-03-31 | ¥130.74 | ¥34 |
| 2020-03-31 | −¥116.03 | ¥35 |
| 2021-03-31 | ¥127.52 | ¥33 |
| 2022-03-31 | ¥242.89 | ¥62 |
| 2023-03-31 | ¥316.11 | ¥78 |
| 2024-03-31 | ¥279.62 | ¥85 |
| 2025-03-31 | ¥302.78 | ¥95 |
| 2026-03-31 | ¥330.42 | ¥107.5 |
How it's calculated
- CAGR (compound annual growth rate):
CAGR = (Last / First)^(1 / years) - 1 - EPS (Earnings Per Share / 1株当たり利益):
EPS = Net profit attributable to owners / Shares outstanding
Short periods from a fiscal-year change are skipped. A starting value of zero or below gives no rate.
Profitability
Profit per yen of sales and of assets, and the three DuPont factors that multiply to ROE (ROE, ROA, DuPont analysis).
Pre-tax margin (profit before tax ÷ revenue)
Notes
- Pre-tax margin (profit before tax ÷ revenue) (2017-03-31, 2018-03-31, 2019-03-31, 2020-03-31, 2021-03-31, 2022-03-31, 2023-03-31, 2024-03-31, 2025-03-31, 2026-03-31): using profit before tax (IFRS) (operating income not separately tagged)
Show data table
| Date | Pre-tax margin (profit before tax ÷ revenue) |
|---|---|
| 2017-03-31 | 2.809% |
| 2018-03-31 | 3.382% |
| 2019-03-31 | 3.902% |
| 2020-03-31 | −2.43% |
| 2021-03-31 | 4.45% |
| 2022-03-31 | 6.215% |
| 2023-03-31 | 7.092% |
| 2024-03-31 | 7.822% |
| 2025-03-31 | 8.077% |
| 2026-03-31 | 8.039% |
Return on equity
Notes
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LO78, shown as filed. Amended annual reports filed later: S100PRN3, S100PROT, S100PROV, S100PROZ (Corrections filed).
Show data table
| Date | Return on equity |
|---|---|
| 2017-03-31 | 11.09% |
| 2018-03-31 | 13.97% |
| 2019-03-31 | 13.92% |
| 2020-03-31 | −13.41% |
| 2021-03-31 | 15.57% |
| 2022-03-31 | 23% |
| 2023-03-31 | 22.4% |
| 2024-03-31 | 15.2% |
| 2025-03-31 | 14.19% |
| 2026-03-31 | 13.61% |
Net margin / ROA
- Net margin
- ROA
Show data table
| Date | Net margin | ROA |
|---|---|---|
| 2017-03-31 | 2.179% | 2.253% |
| 2018-03-31 | 2.802% | 3.072% |
| 2019-03-31 | 3.12% | 3.391% |
| 2020-03-31 | −2.892% | −3.124% |
| 2021-03-31 | 3.559% | 3.248% |
| 2022-03-31 | 4.987% | 5.14% |
| 2023-03-31 | 5.908% | 6.827% |
| 2024-03-31 | 6.502% | 5.283% |
| 2025-03-31 | 6.456% | 5.466% |
| 2026-03-31 | 6.58% | 5.164% |
Asset turnover / Leverage (assets / equity)
- Asset turnover
- Leverage (assets / equity)
Show data table
| Date | Asset turnover | Leverage (assets / equity) |
|---|---|---|
| 2017-03-31 | 1.03x | 4.1x |
| 2018-03-31 | 1.1x | 3.88x |
| 2019-03-31 | 1.09x | 3.44x |
| 2020-03-31 | 1.08x | 4.17x |
| 2021-03-31 | 0.91x | 3.81x |
| 2022-03-31 | 1.03x | 3.68x |
| 2023-03-31 | 1.16x | 2.76x |
| 2024-03-31 | 0.81x | 2.58x |
| 2025-03-31 | 0.85x | 2.54x |
| 2026-03-31 | 0.78x | 2.41x |
How it's calculated
- ROE (Return on Equity):
ROE = Net profit attributable to owners / Equity - ROA (Return on Assets):
ROA = Net profit attributable to owners / Total assets - DuPont analysis:
ROE = (Net profit / Revenue) x (Revenue / Total assets) x (Total assets / Equity)
The ROE line is the company's filed figure, computed on average equity. The DuPont factors use year-end figures, so their product can differ slightly.
Cash
Cash from operations, cash spent on investment, and what was left (free cash flow, cash conversion).
Free cash flow and its inputs
Notes
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LO78, shown as filed. Amended annual reports filed later: S100PRN3, S100PROT, S100PROV, S100PROZ (Corrections filed).
Show data table
| Date | Free cash flow | Operating cash flow | Investing cash flow | Financing cash flow | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|
| 2017-03-31 | +¥370,767,000,000 | +¥324,263,000,000 | +¥46,504,000,000 | −¥258,123,000,000 | 5.201% | 2.09x |
| 2018-03-31 | +¥203,681,000,000 | +¥253,423,000,000 | −¥49,742,000,000 | −¥269,507,000,000 | 2.701% | 1.2x |
| 2019-03-31 | +¥307,423,000,000 | +¥284,895,000,000 | +¥22,528,000,000 | −¥427,420,000,000 | 4.154% | 1.23x |
| 2020-03-31 | +¥117,191,000,000 | +¥326,981,000,000 | −¥209,790,000,000 | −¥93,261,000,000 | 1.716% | — |
| 2021-03-31 | +¥280,813,000,000 | +¥397,069,000,000 | −¥116,256,000,000 | −¥68,503,000,000 | 4.435% | 1.76x |
| 2022-03-31 | +¥232,259,000,000 | +¥311,919,000,000 | −¥79,660,000,000 | −¥419,637,000,000 | 2.73% | 0.74x |
| 2023-03-31 | +¥763,139,000,000 | +¥606,334,000,000 | +¥156,805,000,000 | −¥766,587,000,000 | 8.304% | 1.12x |
| 2024-03-31 | +¥108,044,000,000 | +¥442,469,000,000 | −¥334,425,000,000 | −¥254,172,000,000 | 1.49% | 0.94x |
| 2025-03-31 | +¥202,642,000,000 | +¥597,945,000,000 | −¥395,303,000,000 | −¥122,035,000,000 | 2.601% | 1.19x |
| 2026-03-31 | +¥417,406,000,000 | +¥535,398,000,000 | −¥117,992,000,000 | −¥466,211,000,000 | 5.05% | 0.98x |
Cash and cash equivalents at year end
Notes
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LO78, shown as filed. Amended annual reports filed later: S100PRN3, S100PROT, S100PROV, S100PROZ (Corrections filed).
Show data table
| Date | Cash and cash equivalents |
|---|---|
| 2017-03-31 | ¥704,972,000,000 |
| 2018-03-31 | ¥625,834,000,000 |
| 2019-03-31 | ¥509,288,000,000 |
| 2020-03-31 | ¥522,523,000,000 |
| 2021-03-31 | ¥745,858,000,000 |
| 2022-03-31 | ¥578,636,000,000 |
| 2023-03-31 | ¥608,917,000,000 |
| 2024-03-31 | ¥506,254,000,000 |
| 2025-03-31 | ¥569,144,000,000 |
| 2026-03-31 | ¥551,064,000,000 |
How it's calculated
- Free cash flow (FCF):
FCF = Operating cash flow + Investing cash flow - FCF margin:
FCF margin = Free cash flow / Revenue - Cash conversion:
Cash conversion = Operating cash flow / Net profit attributable to owners - Cash / total assets:
Cash and cash equivalents at year end / Total assets
Investing cash flow is negative when the company invests, so FCF is operating cash flow minus what was invested. Filings give no consistent debt line, so cash is shown against total assets instead of as net cash.
Dividends
The dividend per share over time, the share of profit it took, its size against book value, and how many times earnings covered it (DOE, dividend cover, payout ratio).
5 consecutive fiscal years without a dividend cut, including 5 years of increases in a row. The count runs back from the latest year with a dividend figure and stops at a gap or a fiscal-year change.
Source: Financial Services Agency (EDINET), KabuFacts · as of 2026-06-12 Download CSV
Payout ratio
Notes
- Payout ratio (2020-03-31): not computable (loss year or zero EPS)
Show data table
| Date | Payout ratio |
|---|---|
| 2017-03-31 | 26.113% |
| 2018-03-31 | 25.957% |
| 2019-03-31 | 26.006% |
| 2020-03-31 | — |
| 2021-03-31 | 25.878% |
| 2022-03-31 | 25.526% |
| 2023-03-31 | 24.675% |
| 2024-03-31 | 30.398% |
| 2025-03-31 | 31.376% |
| 2026-03-31 | 32.534% |
How it's calculated
- DOE (Dividend on Equity):
DOE = Dividend per share / Book value per share - Dividend cover:
Dividend cover = EPS / DPS - Sustainable growth rate:
Sustainable growth = ROE x (1 - Payout ratio) - Payout ratio:
Payout ratio = DPS / EPS
Balance sheet
Equity as a share of assets, Altman's Z'' balance-sheet score and the nine Piotroski accounting checks (equity ratio, Altman Z'', Piotroski F-score).
Equity ratio
Notes
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LO78, shown as filed. Amended annual reports filed later: S100PRN3, S100PROT, S100PROV, S100PROZ (Corrections filed).
Show data table
| Date | Equity ratio |
|---|---|
| 2017-03-31 | 24.41% |
| 2018-03-31 | 25.76% |
| 2019-03-31 | 29.05% |
| 2020-03-31 | 23.98% |
| 2021-03-31 | 26.22% |
| 2022-03-31 | 27.16% |
| 2023-03-31 | 36.18% |
| 2024-03-31 | 38.77% |
| 2025-03-31 | 39.44% |
| 2026-03-31 | 41.43% |
Net income, total assets and equity
- Net income (owners of parent)
- Total assets
- Equity attributable to owners of parent
Notes
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LO78, shown as filed. Amended annual reports filed later: S100PRN3, S100PROT, S100PROV, S100PROZ (Corrections filed).
Show data table
| Date | Net income (owners of parent) | Total assets | Equity attributable to owners of parent |
|---|---|---|---|
| 2017-03-31 | +¥155,350,000,000 | ¥6,896,733,000,000 | ¥1,683,723,000,000 |
| 2018-03-31 | +¥211,259,000,000 | ¥6,877,117,000,000 | ¥1,771,475,000,000 |
| 2019-03-31 | +¥230,891,000,000 | ¥6,809,077,000,000 | ¥1,977,741,000,000 |
| 2020-03-31 | −¥197,450,000,000 | ¥6,320,037,000,000 | ¥1,515,475,000,000 |
| 2021-03-31 | +¥225,343,000,000 | ¥6,938,958,000,000 | ¥1,819,055,000,000 |
| 2022-03-31 | +¥424,320,000,000 | ¥8,255,583,000,000 | ¥2,242,180,000,000 |
| 2023-03-31 | +¥543,001,000,000 | ¥7,953,604,000,000 | ¥2,877,747,000,000 |
| 2024-03-31 | +¥471,412,000,000 | ¥8,923,597,000,000 | ¥3,459,682,000,000 |
| 2025-03-31 | +¥502,965,000,000 | ¥9,201,974,000,000 | ¥3,629,236,000,000 |
| 2026-03-31 | +¥543,852,000,000 | ¥10,531,764,000,000 | ¥4,363,719,000,000 |
Altman Z'' score
Not computed: an input is not tagged in the latest filing.
Piotroski checklist
Comparing the fiscal year to March 2026 with the year before: 4 of the 9 checks that could be evaluated (9 in total) answered yes.
- Net profit is positive (ROA above zero)Yes
- Operating cash flow is positiveYes
- ROA higher than the year beforeNo
- Operating cash flow larger than net profitNo
- Liabilities / total assets lower than the year beforeYes
- Current ratio higher than the year beforeNo
- No increase in shares issuedYes
- Gross margin higher than the year beforeNo
- Asset turnover higher than the year beforeNo
How it's calculated
- Equity ratio:
Equity ratio = Equity / Total assets - Altman Z'' score:
Z'' = 6.56 x (Working capital / Total assets) + 3.26 x (Retained earnings / Total assets) + 6.72 x (Operating income / Total assets) + 1.05 x (Equity / Total liabilities) - Piotroski F-score:
F-score = number of the nine checks passed (shown as 'passed of evaluated')
Z'' is Altman's 1995 form for non-manufacturers and non-US companies, using book equity rather than the share price. Piotroski's debt check uses liabilities divided by total assets, because filings carry no consistent debt line. A check whose input is missing counts neither way.
Owners & people
Who holds the shares by category, the company-reported total shareholder return, and the workforce (shareholder composition, TSR, average salary).
Shareholding by owner category
- Foreign corporations etc.43.55%946 shareholders
- Financial institutions32.63%138 shareholders
- Individuals and others18.34%272,585 shareholders
- Securities firms2.7%53 shareholders
- Other corporations2.69%1,867 shareholders
- Foreign individuals0.08%1,803 shareholders
Note: treasury shares are not a separate category here: filings count them inside individuals and others (個人その他).
TSR rows share one starting point: the fiscal year end five years before the latest report. The first row covers one year and the last covers five. 100% means the holding, dividends included, was worth what it cost; the company reports the figure.
People
52,658
¥17.8 million
42.5 years
17.8 years
¥157.0 million
Average salary, age and tenure cover the parent company's own employees (提出会社), as filed. Revenue per employee divides group revenue by group employees.
Where each figure comes from
Each trail lists every year with its EDINET filing and the exact XBRL line.
Weekly snapshot
| Reference close† | Market cap (issued shares)‡ | PER (actual)‡ | PBR‡ | Yield (trailing)‡ | ROE‡ | Equity ratio‡ |
|---|---|---|---|---|---|---|
| ¥4,702 | ¥7.81 trillion | 14.23x | 1.77x | 2.29% | 13.61% | 41.43% |
† Reference close for the week ending 9 October 2026. ‡ Computed from the EDINET filings and the reference close.
IR events
The company's IR page lists no dated event ahead. IR calendar
The past year
| JST | Event | Company's own title | Status |
|---|---|---|---|
| Results | Announcement of Financial Results for FY2025 | Held | |
| AGM | The 102nd General Meeting of Shareholders | Held | |
| Results briefing | IR Meeting on Financial Results for Q1 FY2026 | Held | |
| Results | Announcement of Financial Results for Q1 FY2026 | Held | |
| IR / investor day | Marubeni IR Day 2026 | Held | |
Corrections filed
Amended reports filed on EDINET since 12 October 2021, newest first (5).
- : Amended quarterly report, for the quarter 1 July 2023 to 30 September 2023 (amends S100S64G)
- : Amended annual securities report, for the fiscal year 1 April 2020 to 31 March 2021 (amends S100LO78)
- : Amended annual securities report, for the fiscal year 1 April 2019 to 31 March 2020 (amends S100IU0U)
- : Amended annual securities report, for the fiscal year 1 April 2018 to 31 March 2019 (amends S100G4LQ)
- : Amended annual securities report, for the fiscal year 1 April 2017 to 31 March 2018 (amends S100DAN9)
Capital actions
EDINET filings in the 12 months to 9 October 2026.
Buybacks
Buyback-status reports do not tag their share counts or yen totals. Each report's EDINET docID leads to its full text.
| Date | Filer | EDINET docID |
|---|---|---|
| 2026-10-05 | 丸紅株式会社 | S100Z668 |
| 2026-09-07 | 丸紅株式会社 | S100Z0R3 |
| 2026-08-05 | 丸紅株式会社 | S100YU9F |
| 2026-07-06 | 丸紅株式会社 | S100YOWW |
| 2026-06-02 | 丸紅株式会社 | S100Y813 |
| 2026-05-12 | 丸紅株式会社 | S100Y31J |
| 2026-04-09 | 丸紅株式会社 | S100XXUR |
| 2026-03-06 | 丸紅株式会社 | S100XPAJ |
| 2026-02-04 | 丸紅株式会社 | S100XJ79 |
| 2026-01-08 | 丸紅株式会社 | S100XESQ |
| 2025-12-03 | 丸紅株式会社 | S100X8BL |
| 2025-11-07 | 丸紅株式会社 | S100WZT0 |
| 2025-10-08 | 丸紅株式会社 | S100WTY6 |
Large-holding filings
| Date | Filer | Type | Holding ratio | Prior ratio | EDINET docID |
|---|---|---|---|---|---|
| 2026-09-25 | 野村證券株式会社 | Large shareholding report (exempt securities, initial) | 5.03% | — | S100Z41Z |
| 2026-08-06 | 三井住友信託銀行株式会社 | Change report (exempt securities) | 4.4% | 5.42% | S100YTXU |
| 2026-07-01 | Ｎａｔｉｏｎａｌ Ｉｎｄｅｍｎｉｔｙ Ｃｏｍｐａｎｙ | Change report | — | — | S100YO1O |
| 2026-04-22 | キャピタル・リサーチ・アンド・マネージメント・カンパニー | Large shareholding report (exempt securities, initial) | 5.2% | — | S100Y044 |
| 2026-04-22 | 株式会社みずほ銀行 | Change report (exempt securities) | 4.57% | 5.53% | S100XZZ2 |
| 2026-03-23 | 野村アセットマネジメント株式会社 | Change report (exempt securities) | 4.75% | 6.09% | S100XRL4 |
Takeover-bid filings
No takeover-bid filing (公開買付届出書) or target-company opinion named this company in the 12 months.
Leverage
Liabilities were 1.41x equity, worked out from the equity ratio as (1 ÷ equity ratio) − 1. It is an estimate from the balance sheet, not a reported debt figure.
Rank among the 100 companies on six measures
Each rank is a percentile among the companies with a value: 0 is the lowest, 100 the highest. "Shareholder returns" counts dividend growth only, not buybacks.
| Measure | Rank among the 100 (percentile) | Inputs |
|---|---|---|
| Growth (5y revenue CAGR) | 13 | 5y revenue CAGR: 5.47% · Stocks ranked (n): 87 |
| Profitability (ROE, 3y average) | 77 | ROE (3y average): 14.33% · Stocks ranked (n): 100 |
| Balance sheet (equity ratio) | 40 | Equity ratio: 41.43% · Stocks ranked (n): 100 |
| Valuation vs own history (PBR) | insufficient data | Current PBR: 1.77x · 10y median PBR: — · Stocks ranked (n): 0 |
| Shareholder returns (DPS CAGR) | 87 | 5y DPS CAGR: 26.65% · Buyback yield: — · Stocks ranked (n): 95 |
| Momentum (52-week range position) | insufficient data | 52-week range position: — · Stocks ranked (n): 0 |
Themes
- EV & Batteries: The word 蓄電池 appears once in the business description (事業の内容) of the latest annual report (EDINET S100YAY4). Excerpt:
…て、電力・インフラサービス事業（電力卸売・小売事業、再エネ・蓄電池等の分散型電源事業、水・鉄道の運営保守事業等）、インフラ事業（発電・水・ガス・交通等の開発・投資・事…
- Nuclear: The word 原子力 appears once in the business description (事業の内容) of the latest annual report (EDINET S100YAY4). Excerpt:
…の開発・生産、石油・LPGのトレード・物流・マーケティング、原子力事業（ウラン鉱山開発、原子燃料サイクル、関連機器販売・サービス）並びに環境価値の開発・売買等の幅広い…
What changed since last week
No figure for this company crossed a change threshold since the previous week.