Overview
Wholesale Trade

MARUFUJI SHEET PILING CO.,LTD.

Marufuji Sheet Piling is a specialist dealer and rental provider of steel temporary construction materials for foundation and civil engineering works, including steel sheet piles, H-section steel, steel earth retaining materials, and road decking plates. The company also offers fabricated products and construction/installation services, primarily supplying major general contractors such as Kajima, Takenaka, Obayashi, and Kumagai Gumi across regions from Hokkaido to the Kansai area. Its product lineup is sourced mainly from Nippon Steel Corporation and distributed through trading companies, with supplementary logistics and construction services provided through two consolidated subsidiaries.

Market Cap
¥16.1B
US$103M
EV
¥12.1B
US$77.0M
Stock¥934▼-1.37%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
4.2
x
LTM EV/EBIT
5.1
x
LTM PER
7.5
x
LTM PBR
0.5
x
2026-08-25 closing price basis: ranked #112 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-4B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+1.7%pt
1001234
Oct 23, 25 – Oct 23, 26StockTOPIX
1Mar 11, 26Stock split & 100th anniversary dividend announced
2Mar 23, 26New product 'Marufuji 550' launch announced
3Apr 1, 26Stock split implementation adjustment
4Jul 31, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
16.1BUS$103MMarket Cap0.52BUS$3.33M+ Debt2.33BUS$14.9M− Cash2.19BUS$14.0M− Inv. Sec.12.1BUS$77.0MEV
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Performance & Balance
Revenue 5Y (¥B)
31.9US$203M'22/335.1US$224M'23/334.5US$220M'24/335.6US$227M'25/340.3US$257M'26/3
EBITDA 5Y (¥B)
0.98US$6.23M'22/31.38US$8.76M'23/31.76US$11.2M'24/31.99US$12.7M'25/32.58US$16.4M'26/3
Net Income 5Y (¥B)
0.75US$4.77M'22/31.04US$6.61M'23/31.37US$8.74M'24/31.53US$9.77M'25/31.97US$12.5M'26/3
Capital Structure
98%
EquityD/E 0.02xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
5.37US$34.2M2.84US$18.1M'22/34.36US$27.8M1.54US$9.81M'23/36.18US$39.4M0.50US$3.18M'24/36.38US$40.6M0.53US$3.40M'25/36.57US$41.8M0.52US$3.33M'26/3
Shareholders
Top 10 hold 49.6%
1
Mitsui & Co. Steel Ltd.
14.29%
2
Sumitomo Life Insurance Company
6.22%
3
Meiji Yasuda Life Insurance Company
5.31%
4
NIPPON STEEL CORPORATION
4.80%
5
Taiju Life Insurance Company Limited
4.79%
6
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Co., Ltd.)
3.57%
7
Nippon Life Insurance Company
3.07%
8
Marufuji Building Co., Ltd.
3.02%
9
Hikari Tsushin KK Investment Limited Partnership
2.50%
10
MARUFUJI SHEET PILING CO.,LTD. Business Partners' Stock Ownership Association
2.03%
Management
8 officers
Shigeo HABU
Representative Director, President
Jan 1991 Joined the Company Jun 2017 Director, Executive Officer Jun 2019 Director, Managing Executive Officer Jun 2022 Director, Senior Managing Executive Officer Apr 2024 Representative Director, President and Executive Officer (current)
1959-03-05
Takamitsu YABE
Director
Apr 1985 Joined Mitsui & Co., Ltd. Jan 2013 Joint Managing Director, Mi-King s.r.o. (seconded) Mar 2016 Representative Director, President, Mitsui & Co. Steel Trade, Ltd. (seconded) Nov 2018 Energy, Transportation & Infrastructure Steel Products Business Unit, Steel Products Division, Mitsui & Co., Ltd. May 2019 President Director, PT MICS Steel Indonesia (seconded) Jun 2021 Full-time Audit & Supervisory Board Member, the Company Apr 2024 Managing Executive Officer, General Manager of Administration Division, the Company Jun 2024 Director, Managing Executive Officer, General Manager of Administration Division (current)
1961-07-20
Kazuki YONEYAMA
Full-time Audit & Supervisory Board Member
Apr 1987 Joined the Company Jan 2019 General Manager, Internal Control Audit Office, the Company Jun 2024 Full-time Audit & Supervisory Board Member, the Company (current)
1964-10-24
Shinichi SAKAMOTO
Director
Jul 1991 Joined the Company Jun 2016 Branch Manager, Kansai Branch Apr 2021 Branch Manager, Kanto Branch May 2023 Executive Officer, Branch Manager, Kanto Branch Jun 2024 Director, Executive Officer Apr 2025 Director, Executive Officer, General Manager of Sales Division Apr 2026 Director, Executive Officer, General Manager of Business Division (current)
1965-12-01
Yasuki YOSHINAGA
Director
Oct 1991 Joined Aoyama Audit Corporation (currently PwC Japan LLC) Nov 1999 Certified Public Accountant, Head of Yasuki Yoshinaga Certified Public Accountant Office (current) Jul 2006 Representative Director, President, Zaimu Senryaku Nakachi Co., Ltd. (currently C-FAS Co., Ltd.) (current) Jun 2024 Director, the Company (current) Apr 2026 Outside Audit & Supervisory Board Member, Exceli Co., Ltd. (current)
1960-08-01
Shuichi SEKINE
Director
Apr 1984 Registered as Attorney-at-Law, Dai-Ichi Tokyo Bar Association; joined Sakamaki, Uematsu & Aoki Law Office Apr 1985 Aoki Sogo Law Office Apr 1987 Partner Attorney, Aoki, Sekine & Tanaka Law Office (current) Jun 2024 Director, the Company (current)
1953-12-25
Shinji FUKAHORI
Full-time Audit & Supervisory Board Member
Apr 1988 Joined Mitsui & Co., Ltd. Jun 2024 Full-time Audit & Supervisory Board Member, the Company (current)
1964-11-02
Masanobu ABE
Audit & Supervisory Board Member
Apr 1990 Joined Dai-Ichi Kangyo Bank (currently Mizuho Bank) Aug 2004 Registered as Certified Small and Medium Enterprise Management Consultant Jan 2023 Representative, Abe Certified Small and Medium Enterprise Management Consultant Office (current) Jun 2026 Audit & Supervisory Board Member, the Company
1966-04-04
Large Shareholding Reports
Taiju Life Insurance Company Limited
2025-12-22
4.13%→4.13%
Annual report (as of 2026-03-31): 4.79%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-22
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINETAmended
2022-07-29
Amended Annual Securities Report
EDINETAmended
2022-07-29
Amended Annual Securities Report
EDINETAmended
2022-07-29
Amended Annual Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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