Overview
Retail Trade

MARUI GROUP CO.,LTD.

Marui Group operates an integrated retail and fintech business model in Japan, managing a network of commercial facilities (Marui and Modi stores) primarily in urban areas such as Tokyo, Osaka, Kobe, and Fukuoka, alongside fashion retail and space merchandising services. The Group's fintech segment, centered on its Epos Card credit card business, provides credit card services, card cashings, rent guarantees, investment trust sales via tsumiki Securities, and small-amount short-term insurance. This dual-segment structure differentiates the Group by monetizing its retail customer base through proprietary financial services, creating a vertically integrated ecosystem.

Market Cap
¥501B
US$3.20B
EV
¥—B
Stock¥2,801▲+0.16%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
—
LTM EV/EBIT
—
LTM PER
16.9
x
LTM PBR
2.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-28.1%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
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Performance & Balance
Revenue 5Y (¥B)
209US$1.33B'22/3218US$1.39B'23/3235US$1.50B'24/3254US$1.62B'25/3277US$1.77B'26/3
EBITDA 5Y (¥B)
48.0US$306M'22/350.3US$321M'23/353.6US$342M'24/358.9US$376M'25/366.0US$421M'26/3
Net Income 5Y (¥B)
17.8US$113M'22/321.5US$137M'23/324.7US$157M'24/326.6US$170M'25/328.5US$182M'26/3
Capital Structure
23%
77%
EquityD/E 3.42xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
75.8US$483M527US$3.36B'22/390.9US$580M583US$3.72B'23/3104US$664M594US$3.79B'24/395.8US$611M638US$4.07B'25/392.8US$592M718US$4.58B'26/3
Shareholders
Top 10 hold 53.7%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
23.61%
2
Custody Bank of Japan, Ltd. (Trust Account)
15.29%
3
Aoi Fudosan Co., Ltd.
3.34%
4
Custody Bank of Japan, Ltd. (Trust Account 4)
2.34%
5
Aoi Scholarship Foundation (Public Interest Incorporated Foundation)
1.84%
6
JPMorgan Securities Japan Co., Ltd.
1.69%
7
Tadao AOI
1.55%
8
Morgan Stanley MUFG Securities Co., Ltd.
1.41%
9
Karasuyama Co., Ltd.
1.36%
10
Eiwa Fudosan Co., Ltd.
1.32%
Management
11 officers
Hiroshi AOI
Representative Director, President and Representative Executive Officer
(Note 3)
1961-01-17
Peter D. PEDERSEN
Director
(Note 3)
1967-11-29
Shoichi AIDA
Director, Managing Executive Officer
Mar 1996 Joined the Company Apr 2017 General Manager, Corporate Planning Department Apr 2020 Executive Officer; General Manager, Corporate Planning Department and Customer Success Department Apr 2021 Executive Officer, CDO; General Manager, Corporate Planning Department and Customer Success Department Oct 2021 Senior Executive Officer, CDO; General Manager, Corporate Planning Department and Customer Success Department; in charge of co-creation investment Apr 2023 Managing Executive Officer, CDO; in charge of corporate planning and co-creation investment; General Manager, DX Promotion Office Apr 2025 Managing Executive Officer; in charge of FinTech business, CDO, DX promotion and Project F; President and Representative Director, Epos Card Co., Ltd. (current) Apr 2026 Managing Executive Officer; in charge of FinTech business, CDO and DX promotion (current) Jun 2026 Director (scheduled to assume office)
1973-11-15
Mami ENDO
Director, Executive Officer
Apr 2006 Joined the Company Apr 2023 General Manager, Co-creation Investment Department Feb 2024 General Manager, Group FP&A Department Apr 2024 Executive Officer; General Manager, Group FP&A Department Apr 2025 Executive Officer, in charge of co-creation investment; General Manager, Group FP&A Department; President and Representative Director, D2C & Co., Ltd. (current) Apr 2026 Executive Officer, in charge of co-creation investment; General Manager, Corporate Planning Department (current); President and Representative Director, okos Inc. (current) Jun 2026 Director (scheduled to assume office)
1982-09-29
Hitoshi KAWAI
Full-time Audit & Supervisory Board Member
(Note 3)
1967-01-17
Ayumi HIROMATSU
Full-time Audit & Supervisory Board Member
Apr 1989 Joined the Company Apr 2018 General Manager, System Planning Division, M&C System Co., Ltd. Apr 2019 Director, General Manager, System Planning Division, M&C System Co., Ltd. Apr 2021 Director, General Manager, Customer System Development Division, M&C System Co., Ltd. Apr 2022 Executive Officer of the Company; Director, General Manager, Digital Promotion Division, M&C System Co., Ltd. Apr 2024 Executive Officer of the Company; Director, General Manager, Store System Development Division, M&C System Co., Ltd. Jun 2026 Audit & Supervisory Board Member (scheduled to assume office)
1966-08-16
Yoko SUZUKI
Audit & Supervisory Board Member
(Note 3)
1970-09-21
Hiroaki MATSUMOTO
Audit & Supervisory Board Member
(Note 3)
1958-10-07
Yasunori NAKAGAMI
Director
(Note 3)
1964-03-25
Mizuko MITARAI
Outside Director
Apr 2008 Joined McKinsey & Company Sep 2010 Prime Minister's Fellow, Government of the Kingdom of Bhutan Jun 2012 Founded Kesennuma Knitting Jun 2013 President and Representative Director, Kesennuma Knitting Co., Ltd. (current) Jun 2026 Outside Director of the Company (scheduled to assume office)
1985-04-16
Hisashi TSUCHIYA
Director, Executive Officer
Sep 2011 Representative Director and CEO, Goodpatch Inc. (current) Dec 2021 Director, Studio Details Inc. (current) Apr 2022 Director, Muture Inc. (current) Jun 2023 Executive Officer, CDXO (part-time), the Company (current) Oct 2024 Director, Marui Unite Co., Ltd. (current); Representative Director, People and Design Inc. (current) Oct 2025 Representative Director, Layermate Inc. (current) Jun 2026 Director (scheduled to assume office)
1983-08-03
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-10-06
7.99%→7.94%
Asset Management One Co., Ltd.
2026-09-25
7.07%→6.99%
Nomura Asset Management Co., Ltd.
2026-09-18
8.11%→7.99%
Nomura Asset Management Co., Ltd.
2026-09-17
8.13%→8.11%
Nomura Asset Management Co., Ltd.
2026-09-16
8.33%→8.13%
Asset Management One Co., Ltd.
2026-08-07
6.08%→7.07%
Mitsubishi UFJ Asset Management Co., Ltd.
2026-03-30
2.76%→2.86%
Asset Management One Co., Ltd.
2026-02-06
7.17%→6.08%
Mitsubishi UFJ Asset Management Co., Ltd.
2026-01-09
2.37%→2.76%
Mitsubishi UFJ Asset Management Co., Ltd.
2025-12-15
2.04%→2.37%
Amova Asset Management Co., Ltd.
2025-09-19
5.29%→5.15%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-06
Large Shareholding Report
EDINET
2026-09-25
Large Shareholding Report
EDINET
2026-09-18
Large Shareholding Report
EDINET
2026-09-17
Large Shareholding Report
EDINET
2026-09-16
Large Shareholding Report
EDINETAmended
2026-08-13
Amended Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-08-07
Large Shareholding Report
TDnet
2026-08-04
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-03-30
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-02-06
Large Shareholding Report
EDINET
2026-01-09
Large Shareholding Report
EDINET
2025-12-15
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-06-23
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-07-19
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
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
2023-06-27
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
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