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Overview

Machinery

Marumae Co.,Ltd.

Marumae is a leading precision parts manufacturer supplying vacuum components for semiconductor and flat panel display (FPD) manufacturing equipment, including parts used in dry etching, CVD, and cleaning processes. The company also operates a functional materials segment producing high-purity aluminum materials (99.99%+) for sputtering targets, electrolytic capacitors, and hard disk substrates, as well as low-pressure cast vacuum chambers for semiconductor etching equipment. Its competitive strengths lie in advanced machining capabilities for complex, high-precision aluminum and metal components, integrated manufacturing from forging and machining to surface treatment, and stable recurring demand from consumable parts replacement in plasma-intensive semiconductor processes.

Market Cap

¥46.8B

US$298M

¥48.2B

US$307M

Stock¥1,648▼-2.49%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

8.8

LTM EV/EBIT

11.7

LTM PER

13.5

LTM PBR

2.8

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+37.5%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Feb 3, 26Major profit growth forecast for Aug 2026

2Jul 6, 26Q3 FY2026/08 earnings announced

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

65%

35%

EquityD/E 0.53xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 58.6%

as of 2026-02-28 · Source: Annual Securities Report

Shunichi MAEDA

35.15%

The Master Trust Bank of Japan, Ltd. (Trust Account)

6.98%

NOMURA PB NOMINEES LIMITED OMNIBUS-MARGIN (CASHPB; Standing Proxy: Nomura Securities Co., Ltd.)

4.54%

Misako MAEDA

3.98%

Custody Bank of Japan, Ltd. (Trust Account)

1.77%

Yoshiko MAEDA

1.42%

Mitsue IGARASHI

1.33%

BNY GCM CLIENT ACCOUNT JPRDAC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)

1.29%

MORGAN STANLEY&CO.LLC (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)

1.10%

JPMSPLC CLIENT ASSETS CL JPY (Standing Proxy: Citibank, N.A., Tokyo Branch)

1.02%

Management

9 officers

Shunichi MAEDA

Representative Director, President (Overall Supervision; concurrently in charge of Administration Division)

Apr 1987 Joined Marumae Kogyo (sole proprietorship) Oct 1988 Established Marumae Kogyo Ltd. (now the Company); Director Apr 2001 Senior Managing Director of the Company Aug 2003 Representative Director, President of the Company Apr 2010 Representative Director, President and General Manager of Manufacturing Division of the Company Dec 2010 Representative Director, President, General Manager of Manufacturing Division and General Manager of Administration Division of the Company Jun 2011 Representative Director, President and General Manager of Administration Division of the Company Jul 2011 Representative Director, President of the Company Nov 2019 Representative Director, President, in charge of Administration Division of the Company (current) Mar 2025 Representative Director of KMX Co., Ltd. (current) Apr 2025 Outside Director of KM Aluminum Co., Ltd. Nov 2025 Representative Director of KM Aluminum Co., Ltd. (current)

1966-11-20

Kota KAIZAKI

Director, General Manager of Sales Division (in charge of Sales Division)

Apr 1993 Joined Iwasaki Giken Co., Ltd. Dec 1993 Joined Kotoh Seisakusho Co., Ltd. Aug 1999 Joined Marumae Kogyo Ltd. (now the Company) Apr 2004 General Manager, Sales Department of the Company Oct 2004 Director, General Manager, Sales Department of the Company Jun 2005 Director, General Manager, Precision Processing Department of the Company Nov 2008 Director, General Manager, Sales Department of the Company Apr 2009 Director, General Manager, Sales Department and Head of Kanto Office of the Company Apr 2010 Director, General Manager, Sales Engineering Department of the Company Jun 2011 Director, General Manager, Sales Department and Head of Kanto Office of the Company Apr 2018 Director, General Manager of Sales Division of the Company (current)

1973-02-18

Hiroto ANDO

Director, General Manager of Engineering and Production Division (in charge of Engineering and Production Division)

Dec 1997 Joined Top Corporation Oct 2000 Joined Miyokawa Painting Sep 2004 Joined I-Tech Co., Ltd. Jan 2008 Joined Paramod Co., Ltd. Mar 2008 Joined the Company Nov 2016 General Manager, Quality Control Department of the Company Apr 2018 Executive Officer, General Manager of Engineering and Production Division of the Company Nov 2018 Director, General Manager of Engineering and Production Division of the Company (current) Apr 2025 Outside Director of KM Aluminum Co., Ltd. Nov 2025 Director of KM Aluminum Co., Ltd. (current)

1979-05-25

Akiko KADOTA

Director

Sep 1995 Joined KXTV-10 (News10), TV station in Sacramento, California Feb 2006 Joined Fuchigami Printing Co., Ltd. Dec 2009 Director, Fuchigami Printing Co., Ltd. Dec 2010 Representative Director, President, Fuchigami Printing Co., Ltd. Jan 2011 Representative Director, Executive Vice President, Minami-Nippon Shimbun Offset Rotary Co., Ltd. Sep 2012 Representative Director, President, Chuo Seisaku Center Co., Ltd. (now Cross Media Co., Ltd.) Apr 2014 Director, Yakushima Environment and Culture Foundation (current) Apr 2014 Director, Kagoshima City International Exchange Foundation Apr 2016 Chairperson, Kagoshima Prefecture Women's Empowerment Promotion Council (current) Sep 2016 Representative, Go!Kagoshima LLC (current) Nov 2020 Director of the Company (current) Aug 2024 Director, Fuchigami Printing Co., Ltd. Oct 2024 Representative Director, President, Fuchigami Printing Co., Ltd. (current)

1968-08-06

Kumiko SEKO

Director

Apr 1995 Joined Biwako Broadcasting Apr 2003 Joined Kotoh Community Network Jul 2004 Member, House of Councillors Sep 2010 Parliamentary Vice-Minister of Education, Culture, Sports, Science and Technology Aug 2013 Chairperson, Committee on General Affairs, House of Councillors Oct 2013 Chairperson, Special Committee on Okinawa and Northern Territories Issues, House of Councillors Jan 2017 Representative Director, For The World General Incorporated Association (current) Jan 2017 Exclusive contract (cultural figure) with Yoshimoto Kogyo Co., Ltd. (now Yoshimoto Kogyo Holdings Co., Ltd.) (current) Feb 2017 Advisor, NEED Co., Ltd. (current) Mar 2017 Director, E the P Co., Ltd. (current) Mar 2020 Advisor, Lily MedTech Inc. Apr 2020 Member of Board of Trustees, Jinseki International School (current) Mar 2021 Member, Japan Future Vision Council Dec 2021 Director, Bank Force Smiles General Incorporated Association (current) Nov 2022 Director of the Company (current) Jun 2023 Outside Director, Ishida Co., Ltd. (current) Jan 2024 Chairperson, SBI Children of Hope Foundation (current)

1972-09-07

Keiji TONISHI

Director (Audit and Supervisory Committee Member)

Apr 1983 Joined Kagoshima Bank, Ltd. Jun 2012 Yokogawa Branch Manager, Kagoshima Bank Dec 2013 Inspector, Audit Department, Kagoshima Bank Feb 2014 Kamimachi Branch Manager, Kagoshima Bank May 2016 Inspector, Audit Department, Kagoshima Bank Nov 2020 Director (Audit and Supervisory Committee Member) of the Company (current) Apr 2025 Outside Audit and Supervisory Board Member of KM Aluminum Co., Ltd. Nov 2025 Audit and Supervisory Board Member of KM Aluminum Co., Ltd. (current)

1964-05-07

Satoshi MOMONOGI

Director (Audit and Supervisory Committee Member)

Apr 1989 Joined Tokyo Bank, Ltd. (now MUFG Bank, Ltd.) Jul 1992 Seconded to the Ministry of Finance (then Okurasho) Mar 1997 Registered as attorney, New York State Bar Oct 2004 Registered as attorney in Japan Oct 2004 Joined Terukuni Sogo Law Office (now Terukuni Sogo Law Office LPC) Jun 2010 Member, Board of Education, Kagoshima City Jan 2012 Representative Attorney, Momonogi Law Office (now Momonogi Law Office LPC) (current) Nov 2017 Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2023 Director, Kagoshima Shinkin Bank (current)

1965-12-14

Takaaki YAMAMOTO

Director (Audit and Supervisory Committee Member)

Jan 1986 Joined Seiko Electronic Industries Co., Ltd. (now Seiko Instruments Inc.) Apr 1996 Representative Director, President, SII Mobile Communications Co., Ltd. Oct 2002 Head of System Application Business Division, Seiko Instruments Inc. Apr 2011 Executive Officer, Seiko Instruments Inc. Jun 2011 Director, Seiko Precision Inc. Jun 2012 Representative Director, President, SII Network Systems Co., Ltd. Dec 2012 Representative Director, President, Seiko Solutions Inc. Dec 2013 Director, Seiko Instruments Inc. Apr 2017 Representative Director, Chairman, Seiko Solutions Inc. Apr 2018 Director and Senior Advisor, Seiko Solutions Inc. Nov 2018 Managing Director, Hattori Hoko Kai Foundation Jun 2019 Advisor, Seiko Solutions Inc. Nov 2019 Director (Audit and Supervisory Committee Member) of the Company (current) Oct 2024 Senior Advisor, Seiko Solutions Inc. (current)

1953-06-15

Hirotsugu MIYAGAWA

Director (Audit and Supervisory Committee Member)

Apr 2011 Joined Kagoshima Accounting Profession Audit Corporation Nov 2013 Registered as Certified Public Accountant Jul 2016 Joined Miyagawa Certified Public Accountant Office Sep 2016 Registered as Certified Tax Accountant Mar 2017 Audit and Supervisory Board Member, Kagoshima Meat Sales Co., Ltd. Mar 2017 Audit and Supervisory Board Member, Minami Nihon Chikusan Co., Ltd. Mar 2017 Audit and Supervisory Board Member, Minami Kyushu Shokuniku Hanbai Co., Ltd. Mar 2017 Audit and Supervisory Board Member, Minami Kyushu Shiryo Kogyo Co., Ltd. Sep 2018 Deputy Head, Miyagawa Certified Public Accountant Office Nov 2019 Director (Audit and Supervisory Committee Member) of the Company (current) Sep 2024 Head, Miyagawa Certified Public Accountant Office (current)

1980-04-18

Large Shareholding Reports

Nomura Asset Management Co., Ltd.

2026-07-23

2.33%→2.05%

NOMURA INTERNATIONAL PLC

2026-06-22

2.96%

Shunichi MAEDA

2026-05-27

34.08%→34.13%

Correction filing (name/detail fix only) — ratio carried over from the original filing