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Japanese retailer (0101 department stores) that has pivoted toward a fintech-driven credit card (Epos Card) business model.
Japanese retailer (0101 department stores) that has pivoted toward a fintech-driven credit card (Epos Card) business model.
Now earns most of its profit from the card and consumer-credit side, where merchants pay fees on card spending and cardholders pay interest on revolving balances, rather than from selling goods. Its stores have been shifting toward letting space to tenants and brands instead of buying and selling stock itself.
In one line: A department store operator turned fintech company.
Moat: narrow (brand, installed base, distribution). Large captive Epos cardholder base cross-sold through its retail store network.
Headquarters: Tokyo, Japan · Founded: 1931 · Employees: 3,820
Size Marui (8252.T) is a Japan Financials company (Finance/Rental/Leasing) with a market value of $3.09B, the 359th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,802 on 6 Nov 2026.
Performance Over six months the shares fell 6.7%, against -9.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 7.5% over the last twelve months (peer median +8.9%); the operating margin is 18.3% (peer median 29.5%).
Valuation It trades at 2.12× book value against a peer median of 1.40× (5th most expensive of 21).
Price implies The share price implies a return on equity of about 7.1%; Marui delivers 12.4%, so the price asks less than the business earns today.
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥282B | ¥277B | ¥254B | ¥235B | ¥218B |
| Revenue growth | — | +9% | +8% | +8% | — |
| Gross profit | ¥247B | ¥228B | ¥210B | ¥195B | ¥182B |
| EBITDA | ¥67.6B | ¥66.0B | ¥58.9B | ¥53.4B | ¥49.6B |
| Net income | ¥29.6B | ¥28.5B | ¥26.6B | ¥24.7B | ¥21.5B |
| Free cash flow | -¥65.3B | -¥63.5B | -¥17.6B | ¥23.2B | ¥7.02B |
| Capital expenditure | ¥15.0B | ¥17.5B | ¥13.1B | ¥14.8B | ¥9.70B |
| Total debt | ¥806B | ¥718B | ¥638B | ¥596B | ¥584B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Marui 8252.T | $3.09B | -7% | +8% | 12% | 2.12× | 7.1% |
| Credit Saison 8253.T | $3.62B | -10% | +10% | 9% | 0.73× | 6.3% |
| Isetan Mitsukoshi 3099.T | $7.16B | +14% | 0% | 13% | 1.90× | 14.9% |
| AEON Financial Service 8570.T | $1.95B | -9% | +8% | 5% | 0.67× | 5.2% |
| Rakuten 4755.T | $8.59B | -18% | +11% | -7% | 1.48× | 9.3% |
| Takashimaya 8233.T | $3.98B | +14% | +2% | -3% | 1.35× | 7.6% |
| J Front Retailing 3086.T | $4.46B | +24% | -3% | 7% | 1.66× | 9.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 8252.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.6% | +2.4% | 11th highest of 21 |
| 6-month return | -6.7% | -9.1% | 10th highest of 21 |
| Return on equity | 12.4% | 13.8% | 8th lowest of 21 |
| Price / book | 2.12× | 1.40× | 5th most expensive of 21 |
| Trailing P/E | 17.0× | 9.6× | 4th most expensive of 19 |
| ROE the price implies | 7.1% | 13.5% | 6th least demanding of 21 |
| ROE delivered | 12.4% | 14.3% | 6th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Marui 8252.T | Japan | $3.09B | -7% | +8% | 12% | 2.12× | 7.1% | 12.4% |
| SLM SLM | United States | $3.10B | -25% | -6% | 25% | 1.55× | 13.8% | 24.7% |
| LIC Housing Finance LICHSGFIN.NS | India | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% | 14.3% |
| Hercules Capital HTGC | United States | $3.06B | 0% | +40% | 16% | 1.32× | 10.4% | 15.7% |
| McGrath RentCorp MGRC | United States | $3.05B | +9% | +2% | 13% | 2.38× | 13.2% | 12.9% |
| PNB Housing Finance PNBHOUSING.NS | India | $3.03B | +5% | +11% | 12% | 1.42× | 19.4% | 12.3% |
| Manappuram Finance MANAPPURAM.NS | India | $3.23B | +3% | +5% | 7% | 1.90× | 33.0% | n/a |
| Samsung Card 029780.KS | South Korea | $3.30B | -21% | +11% | 7% | 0.51× | 4.2% | n/a |
| Cholamandalam Financial CHOLAHLDNG.NS | India | $2.89B | -17% | +18% | 17% | 1.77× | 26.2% | n/a |
| Indian Renewable Energy Development Agency IREDA.NS | India | $3.31B | -18% | +17% | 14% | 2.18× | 42.4% | 14.4% |
| IIFL Finance IIFL.NS | India | $2.83B | +35% | +36% | 18% | 1.73× | 23.7% | 17.6% |
| Housing & Urban Development HUDCO.NS | India | $3.39B | -30% | +22% | 22% | 1.39× | 31.5% | 21.7% |
| PennyMac Financial Services PFSI | United States | $3.41B | -28% | +4% | 6% | 0.78× | 10.2% | 5.6% |
| WillScot WSC | United States | $3.42B | -33% | -3% | -7% | 3.75× | 35.8% | -7.1% |
| Far East Horizon 3360.HK | Hong Kong | $3.44B | -25% | +1% | 8% | 0.45× | 4.5% | 7.6% |
| China Development Bank Financial Leasing 1606.HK | Hong Kong | $2.66B | +4% | -5% | 13% | 0.40× | 4.5% | 12.6% |
| Credit Saison 8253.T | Japan | $3.62B | -10% | +10% | 9% | 0.73× | 6.3% | 9.2% |
| Sixt SIX2.DE | Germany | $3.67B | +4% | +7% | 15% | 1.67× | 15.8% | 15.0% |
| Bread Financial BFH | United States | $3.87B | +17% | +2% | 16% | 1.13× | 12.2% | 15.9% |
| Mizuho Leasing 8425.T | Japan | $2.45B | -13% | +16% | 13% | 0.77× | 6.0% | 13.3% |
| Capri Global Capital CGCL.NS | India | $2.44B | +20% | +53% | 18% | 2.90× | 21.5% | 17.9% |