Overview
Chemicals

Maruo Calcium Co.,Ltd.

Maruo Calcium manufactures and sells various types of calcium carbonate—including synthetic (precipitated) and ground (heavy) calcium carbonate—used as reinforcing fillers and additives in synthetic resins, paints, rubber, pharmaceuticals, and food applications. The company also sources and distributes inorganic chemical products such as talc and silica from third-party suppliers. Its product portfolio serves diverse industrial end-markets including sealants, adhesives, plastisols, films, plastics, coatings, and inks.

Market Cap
¥3.06B
US$19.5M
EV
¥-2.07B
-US$13.2M
Stock¥1,435▼-1.03%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
8.5
x
LTM PBR
0.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-15.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
3.06BUS$19.5MMarket Cap2.29BUS$14.6M+ Debt2.50BUS$16.0M− Cash5.11BUS$32.6M− Inv. Sec.0.20BUS$1.30M+ NCI-2.07B-US$13.2MEV
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Performance & Balance
Revenue 5Y (¥B)
11.6US$73.8M'22/312.6US$80.3M'23/312.9US$82.2M'24/312.8US$81.9M'25/312.6US$80.6M'26/3
EBITDA 5Y (¥B)
0.73US$4.64M'22/30.52US$3.29M'23/30.63US$4.04M'24/30.53US$3.35M'25/30.67US$4.30M'26/3
Net Income 5Y (¥B)
0.19US$1.21M'22/30.12US$0.75M'23/30.25US$1.59M'24/30.15US$0.94M'25/30.29US$1.87M'26/3
Capital Structure
82%
18%
EquityD/E 0.22xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
6.58US$41.9M1.98US$12.6M'22/37.37US$47.0M2.66US$16.9M'23/37.03US$44.8M1.53US$9.77M'24/36.94US$44.3M2.31US$14.7M'25/37.37US$47.0M2.43US$15.5M'26/3
Shareholders
Top 10 hold 44.0%
1
Chugoku Kogyo Co., Ltd.
11.69%
2
Haruo MARUO
7.85%
3
Sanyo Kagaku Sangyo Co., Ltd.
5.35%
4
Masao MARUO
4.33%
5
Kazufumi IMAI
3.41%
6
Naoko MARUO
2.57%
7
Nakanishi Denki Kogyo Co., Ltd.
2.56%
8
Sompo Japan Insurance Inc.
2.41%
9
Maruo Calcium Co.,Ltd. Employee Stock Ownership Association
2.19%
10
Hideo FUKATSU
1.66%
Management
9 officers
Haruo MARUO
Representative Director, President; in charge of affiliated companies
Jun 1999 Joined the Company Jun 2001 Director Apr 2002 Manager, Tokyo Sales Office Apr 2005 General Manager, Sales Division; General Manager, Sales Planning Department Jun 2005 Managing Director Apr 2013 General Manager, Administration Division; General Manager, Finance Department Apr 2018 Senior Managing Director Apr 2019 Representative Director, President (current) Jun 2019 Representative Director, President, Kyushu Calcium Co., Ltd. (current) Representative Director, President, Chugoku Kogyo Co., Ltd. (current) Apr 2021 Assumed responsibility for affiliated companies (current)
1957-09-14
Hideo FUKATSU
Senior Managing Director; General Manager, Sales Division; General Manager, Corporate Planning Office
Apr 1988 Joined Asmo Co., Ltd. (now DENSO Corporation) Apr 1994 Joined the Company Apr 2003 General Manager, Sales Development Department No. 2 Sep 2005 General Manager, Sales Development Department Apr 2006 Deputy General Manager, Sales Division Jun 2010 Director Apr 2012 General Manager, Sales Division (current) Jun 2014 Managing Director Apr 2019 Senior Managing Director (current) Apr 2020 General Manager, Overseas Sales Department Feb 2025 General Manager, Corporate Planning Office (current)
1964-06-09
Toshiya MORISHITA
Managing Director; General Manager, Production Division; General Manager, RC Promotion Office
Apr 1983 Joined the Company Apr 2005 General Manager, Central Research Laboratory Jun 2007 Director Apr 2014 General Manager, Technology Division; General Manager, Engineering Department Jun 2017 General Manager, Production Division (current) Apr 2018 Managing Director (current) Chief Technology Officer (CTO) Apr 2020 General Manager, RC Promotion Office (current)
1960-05-28
Hidemitsu KASAHARA
Director; Chief Technology Officer (CTO); General Manager, Technology Division; General Manager, Research and Development Department No. 3
Apr 1993 Joined the Company Apr 2022 Deputy General Manager, Technology Division; General Manager, Central Research Laboratory Apr 2024 Executive Officer Chief Technology Officer (CTO) (current) Apr 2025 General Manager, Technology Division (current); General Manager, Research and Development Department No. 3 (current) Jun 2026 Director (current)
1969-11-29
Michihiro TANII
Director, Full-time Audit and Supervisory Committee Member
Apr 1980 Joined the Company Dec 1998 Manager, Kobe Sales Office Sep 2003 General Manager, Maruo (Shanghai) Trading Co., Ltd. Jan 2009 General Manager, China Business Division Jun 2009 Director Apr 2018 General Manager, General Affairs & Human Resources Department; General Manager, Purchasing Department Jun 2018 Executive Officer Apr 2021 General Manager, Administration Division; General Manager, Finance Department Jun 2023 Full-time Audit & Supervisory Board Member Jun 2026 Director (current)
1957-02-20
Hiroaki MASUDA
Director, Audit and Supervisory Committee Member
Oct 1980 Joined Toyo Machinery & Metal Co., Ltd. (now TOYO INNOVEX Co., Ltd.) General Manager, Accounting Department Executive Officer, General Manager, Accounting Department Director, General Manager, Accounting Department President, Toyo Koki Co., Ltd. General Manager, CSR Division, Toyo Machinery & Metal Co., Ltd. (now TOYO INNOVEX Co., Ltd.) Jun 2019 Full-time Audit & Supervisory Board Member, Toyo Machinery & Metal Co., Ltd. (now TOYO INNOVEX Co., Ltd.); Senior Manager, Administration Division Audit & Supervisory Board Member of the Company Jun 2026 Director (current)
1954-02-05
Takaaki ISHII
Director, Audit and Supervisory Committee Member
Apr 1980 Joined Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Mar 2010 Advisor, Taisho Bank, Ltd. (now The Tokushima Taisho Bank, Ltd.) Jun 2010 Managing Director, Taisho Bank, Ltd. Jun 2014 Representative Director, Senior Managing Director, Taisho Bank, Ltd. Jan 2020 Representative Director, Senior Managing Director, The Tokushima Taisho Bank, Ltd. Jun 2022 Audit & Supervisory Board Member of the Company Jun 2026 Director (current)
1956-06-15
Hiroyuki MATSUDA
Director; General Manager, Administration Division; Deputy General Manager, Corporate Planning Office
Apr 1988 Joined Hyogo Sogo Bank, Ltd. (now Minato Bank, Ltd.) Apr 2019 General Manager, Personal Banking Department, Minato Bank, Ltd. Apr 2023 Seconded to the Company; General Manager, General Affairs & Human Resources Department Jun 2023 General Manager, Administration Division (current) Apr 2024 Transferred to the Company; Executive Officer Apr 2025 Deputy General Manager, Corporate Planning Office (current) Jun 2026 Director (current)
1965-06-21
Satoshi YAMAMOTO
Director, Audit and Supervisory Committee Member
Apr 1976 Joined Nippon Paint Co., Ltd. Apr 2005 Executive Officer, Nippon Paint Co., Ltd. Apr 2011 Managing Executive Officer, Nippon Paint Marine Co., Ltd. Apr 2018 Advisor, NIPPON PAINT VIETNAM (HANOI) CO., LTD. Apr 2024 Advisor to the Company Jun 2026 Director (current)
1953-03-30
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-08
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2022-12-28
Amended Annual Securities Report
EDINETAmended
2022-12-28
Amended Annual Securities Report
EDINETAmended
2022-12-28
Amended Annual Securities Report
EDINETAmended
2022-12-28
Amended Annual Securities Report
EDINETAmended
2022-12-28
Amended Annual Securities Report
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-08
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-05
Quarterly Securities Report
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