Overview
Wholesale Trade

MARUBUN CORPORATION

Marubun Corporation is a specialized electronics trading company distributing a broad range of advanced electronic products including semiconductors (analog ICs, memory ICs, microprocessors, custom ICs), electronic components, and electronic application equipment sourced from domestic and international manufacturers. The company operates across three business segments: Device Business (semiconductors and electronic components), System Business (aerospace/defense equipment, manufacturing/inspection equipment, laser equipment, and medical devices), and Entrepreneur Business (ICT solutions, software, AI robots, and module products). Marubun differentiates itself through deep technical expertise, a strong solution-oriented approach, and an extensive global distribution network spanning Asia, North America, and beyond.

Market Cap
¥48.9B
US$312M
EV
¥71.5B
US$456M
Stock¥1,865▼-0.27%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.4
x
LTM EV/EBIT
7.4
x
LTM PER
15.4
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+34.9%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 3, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
48.9BUS$312MMarket Cap44.9BUS$286M+ Debt23.2BUS$148M− Cash5.23BUS$33.3M− Inv. Sec.6.04BUS$38.5M+ NCI71.5BUS$456MEV
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Performance & Balance
Revenue 5Y (¥B)
168US$1.07B'22/3226US$1.44B'23/3236US$1.51B'24/3211US$1.34B'25/3213US$1.36B'26/3
EBITDA 5Y (¥B)
6.70US$42.7M'22/311.7US$74.6M'23/313.5US$86.0M'24/39.38US$59.8M'25/38.48US$54.1M'26/3
Net Income 5Y (¥B)
2.44US$15.5M'22/35.20US$33.2M'23/33.40US$21.7M'24/34.27US$27.2M'25/33.30US$21.1M'26/3
Capital Structure
56%
44%
EquityD/E 0.78xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
27.5US$175M53.9US$344M'22/323.6US$150M74.6US$476M'23/327.1US$173M64.7US$413M'24/328.0US$178M50.4US$321M'25/328.9US$184M48.8US$311M'26/3
Shareholders
Top 10 hold 47.4%
1
ARROW ELECTRONICS, INC. 590000 (Standing Proxy: Mizuho Bank, Ltd., Settlement Operations Department)
8.96%
2
Marubun Foundation (General Incorporated Foundation)
8.78%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.62%
4
Chiba Public Golf Course Co., Ltd.
5.33%
5
Horikoshi LLC
4.57%
6
Kiichi HORIKOSHI
3.84%
7
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Co., Ltd.)
2.42%
8
Momoko HORIKOSHI
2.30%
9
MUFG Bank, Ltd.
1.83%
10
MARUBUN CORPORATION Employee Stock Ownership Association
1.73%
Management
9 officers
Hiroshi HORIKOSHI
Representative Director, President and CEO
Oct 2009 Joined the Company Jun 2011 Director of the Company Jun 2012 Executive Officer and Deputy General Manager, Sales Division of the Company Apr 2018 CEO, Marubun/Arrow Asia, Ltd. Apr 2020 Deputy General Manager, Sales Division Jun 2020 Director, in charge of Domestic Device Sales Apr 2022 In charge of Device Business Division, Account Management and Device Business; General Manager, Device Business Division Apr 2023 Managing Director Apr 2024 COO; General Manager, Sales Division Apr 2025 Representative Director, President (current); CEO (current)
1979-05-30
Yuzo NAKADA
Managing Director, CFO and CSO
Jul 2018 Executive Officer, MUFG Bank, Ltd. Oct 2020 Joined the Company; General Manager, Administration Division (current) Jan 2021 Executive Officer of the Company Jun 2021 Audit & Supervisory Board Member, Marubun Tsusho Co., Ltd. Jun 2022 Director of the Company Jun 2023 In charge of Administration Division and ICT Division Apr 2024 CFO (current); CSO (current) Jun 2025 Director, Marubun Tsusho Co., Ltd. (current) Apr 2026 Managing Director of the Company (current)
1968-10-17
Satoshi FUJINO
Managing Director and CINO
Apr 1986 Joined the Company Apr 2004 CEO, Marubun/Arrow Asia, Ltd. Jun 2007 Director of the Company Jan 2012 Managing Director of the Company (current) Jun 2013 In charge of Affiliated Companies Sales Apr 2014 Deputy General Manager, Sales Division; General Manager, Demand Creation Division Apr 2016 General Manager, Sales Division Apr 2018 In charge of Device Business of Affiliated Companies; Deputy General Manager, Sales Division Apr 2019 In charge of New Device Business and Marubun/Arrow; Global CEO, Marubun/Arrow (current); President, Marubun USA Corporation (current) Oct 2019 In charge of Sales Administration, Sales Promotion and Demand Creation; General Manager, Demand Creation Division Jan 2020 In charge of Device Business; Chairman, Marubun Taiwan, Inc. (current) Oct 2020 General Manager, Demand Creation Division No. 2 Apr 2022 In charge of Entrepreneur Business Division; General Manager, Entrepreneur Business Division (current) Apr 2024 CINO (current)
1964-01-22
Takehiko AKIYAMA
Director
Apr 1996 Joined the Company Apr 2015 General Manager, Sales Department No. 2, Device Sales Division No. 1 Apr 2017 General Manager, Sales Department No. 1, Device Sales Division No. 2 Apr 2018 General Manager, Device Sales Division No. 1 Apr 2019 General Manager, Device Sales Division No. 2 Jan 2020 Executive Officer of the Company Apr 2024 General Manager, Device Sales Division, Device Business Division (current) Apr 2025 General Manager, Device Business Division (current) Jun 2025 Director of the Company (current)
1973-08-28
Chotaro YASUDA
Director
Apr 1992 Joined the Company Apr 2018 General Manager, Sales Department No. 1, System Sales Division No. 2 Apr 2019 General Manager, System Sales Division No. 2 Jan 2020 Executive Officer of the Company Apr 2022 General Manager, System Business Division (current) Apr 2024 General Manager, System Sales Division No. 1, System Business Division (current) Apr 2026 Director, Marubun Tsusho Co., Ltd. (current) Jun 2026 Director of the Company
1968-06-01
Gisaburo MOTEGI
Director (Audit and Supervisory Committee Member)
Apr 1996 Branch Manager, Yurakucho Branch, The Tokyo-Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Jun 2000 Managing Director, London Branch, The Tokyo-Mitsubishi Bank, Ltd. Jun 2002 Managing Director, Mitsubishi Tokyo Wealth Management Securities Co., Ltd. Jun 2003 Full-time Outside Audit & Supervisory Board Member, OMRON Corporation Jun 2011 Managing Director, The Mitsubishi Foundation Jun 2011 Director, Center for Grant-making Foundations Jun 2012 Managing Director, The Japan-British Society Jun 2015 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1950-09-26
Koji KAKINUMA
Director (Audit and Supervisory Committee Member)
Oct 1981 Joined Shinko Audit Corporation Sep 1985 Registered as Certified Public Accountant Oct 1989 Joined Sumitomo Trust & Banking Co., Ltd. (now Sumitomo Mitsui Trust Bank, Limited) Oct 2000 Joined Asahi & Co. (now Ernst & Young ShinNihon LLC) Aug 2003 Member of the Management Board, Asahi & Co. Sep 2016 Auditor, Ernst & Young ShinNihon LLC Jul 2017 Chairman, Management Supervisory Committee, Ernst & Young ShinNihon LLC Jun 2019 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Jul 2019 Representative, Kakinuma CPA Office (current) Jul 2019 Member, Registration Examination Committee, Japanese Institute of Certified Public Accountants (current) Dec 2022 Chairman, Management Supervisory Committee, Japan Atomic Energy Agency (current) Jun 2026 Auditor, Japan Crafts Association (current)
1957-03-03
Eiko KISOGAWA
Director (Audit and Supervisory Committee Member)
Apr 1984 Joined American Family Life Assurance Company of Japan (now Aflac Life Insurance Japan Ltd.) Jan 2012 Executive Officer, Contract Maintenance Department, Premium Department No. 1 and Premium Department No. 2 of the same company Jan 2013 Executive Officer, Growth Strategy Program of the same company Jan 2016 President and Representative Director, Aflac Collection Service Co., Ltd. Jan 2018 Executive Officer, General Affairs Division and Customer Service Promotion Division, American Family Life Assurance Company Jan 2021 Advisor, Aflac Life Insurance Japan Ltd. Jun 2023 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Mar 2024 Outside Director, Iseki & Co., Ltd. (current) Jan 2025 Director, The Gold Ribbon Network Foundation (current)
1962-03-21
Katsumasa YAGI
Director (Audit and Supervisory Committee Member)
Apr 1982 Joined Kurabo Industries Ltd. Jun 2006 General Manager, New Business Development Department, Kurabo Industries Ltd. Apr 2013 General Manager, Technology Research Institute, Kurabo Industries Ltd. Jun 2013 Executive Officer, Kurabo Industries Ltd. Jun 2015 Managing Executive Officer, Kurabo Industries Ltd. Jun 2024 Advisor, Kurabo Industries Ltd. Jun 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1956-11-16
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-01
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
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
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
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-09
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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