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← CockpitCompetitor Analysis › 9090.T AZ-COM Maruwa Holdings Inc.Open in the cockpit ↗

AZ-COM Maruwa Holdings Inc.9090.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Other Transportation
Momentum strong 60
Mkt cap
$760M
US dollars, full cap
Free float
38%
of shares outstanding
$/day
$1.82M
20-day average traded
Fwd P/E
15.2×
forward earnings
ROIC−WACC
+1.9 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
3 days
9 Nov 2026
Close · JPY¥889
1D-4.9%
1W+4.0%
1M+6.6%
3M-3.4%
6M-0.6%
YTD-9.9%
1Y-17.9%
ATR %2.6%
52w lowhigh18.7% off high

What AZ-COM Maruwa does

Employees: 5,462

AZ-COM Maruwa at a glance

Size AZ-COM Maruwa (9090.T) is a Japan Industrials company (Other Transportation) with a market value of $760M, the 861st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥889 on 6 Nov 2026.

Performance Over six months the shares fell 0.6%, against -12.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 9.4% over the last twelve months (peer median +3.7%); the operating margin is 4.6% (peer median 16.0%).

Valuation It trades at 15.2× forward earnings against a peer median of 15.0× (5th most expensive of 10).

Capital Return on invested capital runs 1.9 points above its cost of capital (5.0% WACC).

Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 20269090.T 100Peer median 86
Six months, rebased to 100: AZ-COM Maruwa against the median of its 20 peers (local-currency closes).

AZ-COM Maruwa financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥234B¥231B¥208B¥199B¥178B
Revenue growth—+11%+5%+12%—
Gross profit¥21.5B¥22.1B¥21.4B¥23.3B¥19.7B
EBITDA¥15.8B¥16.6B¥14.3B¥16.8B¥13.9B
Net income¥6.97B¥7.45B¥7.28B¥9.12B¥7.78B
Free cash flown/a-¥14.5B¥185M¥5.75B¥2.58B
Capital expendituren/a¥28.3B¥9.16B¥5.38B¥9.02B
Total debt¥60.5B¥54.1B¥43.8B¥41.8B¥42.5B

Quarterly statements and history in the cockpit →

AZ-COM Maruwa competitor charts

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.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-10%0%+10%6010086011880005570009006015181052S61600897000507069430133900202300620020406031996003686031286006116031676030329090.T6-month return →1-month return →
Up and to the right = strong over both horizons. AZ-COM Maruwa is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%+30%0×100×1052S6160089706943013396031286031676030329090.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. AZ-COM Maruwa is the large dot.

AZ-COM Maruwa competitors and peer comparison

How AZ-COM Maruwa compares with its peers

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.

AZ-COM Maruwa against its 20 peers (data as of 6 Nov 2026)
Measure9090.TPeer medianRank in peer set
1-month return+6.6%-1.3%4th highest of 21
6-month return-0.6%-12.8%3rd highest of 21
Distance from 52-week high-18.7%-30.4%6th highest of 21
Revenue growth (TTM)+9.4%+3.7%5th highest of 21
Operating margin4.6%16.0%6th lowest of 21
Forward P/E15.2×15.0×5th most expensive of 10
ROIC minus cost of capital+1.9 pp-1.1 pp7th highest of 20
EV / EBITDA10.3×9.3×2nd most expensive of 8
Net debt / EBITDA2.5×-0.2×3rd most indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
AZ-COM Maruwa 9090.TJapan$760M-1%+9%5%15.2×n/an/a
Jiangsu Lianyungang Port 601008.SSChina$765M-13%+5%15%n/a1.9%+9.7%
Heilongjiang Transport Development 601188.SSChina$746M+13%-4%27%n/a0.4%+7.0%
Ningxia Western Venture Industrial 000557.SZChina$807M-21%+7%9%n/a0.2%+8.3%
Xiandai Investment 000900.SZChina$822M-14%-6%20%n/a2.8%-14.7%
Jilin Expressway 601518.SSChina$822M-1%-13%48%n/a-20.5%+10.0%
Yuexiu Transport Infrastructure 1052.HKHong Kong$699M-19%+9%36%6.2×0.1%+7.4%
SBS Transit S61.SISingapore$866M-2%+2%4%19.0×-10.6%+4.3%
Xiamen International Airport 600897.SSChina$892M-12%+33%28%12.1×-16.5%+11.4%
Zhuhai Port 000507.SZChina$638M-9%0%12%n/a-2.0%+4.5%
Beijing Capital International Airport 0694.HKHong Kong$914M-21%+6%0%183.1×40.5%+8.7%
Jiangsu Tongxingbao Intelligent Transportation Tech 301339.SZChina$948M-17%+9%20%13.8×-4.9%+17.9%
Sichuan Haite High-Tech 002023.SZChina$948M-31%+14%-28%n/a31.4%+10.4%
Transport International 0062.HKHong Kong$592M-16%+1%6%n/a-8.6%+6.4%
Nanjing Port 002040.SZChina$576M-21%+2%31%n/a-4.8%+6.7%
Anhui Jiuhuashan Tourism Development 603199.SSChina$573M-5%+6%32%16.5×-4.0%+21.3%
Guangxi Wuzhou Communications 600368.SSChina$1.01B+8%-40%48%n/an/an/a
CTS International Logistics 603128.SSChina$1.02B-5%+15%3%15.0×-5.1%+5.0%
Dazhong Transportation (Group) 600611.SSChina$1.02B-12%-12%-9%n/a5.8%-3.3%
Bohai Ferry 603167.SSChina$565M-10%-5%14%11.0×-8.4%+9.6%
Delixi New Energy Technology 603032.SSChina$550M-33%+27%17%68.0×33.8%+61.4%

Questions

Which companies are AZ-COM Maruwa's closest peers?
The cockpit's peer set: Jiangsu Lianyungang Port (601008.SS), Heilongjiang Transport Development (601188.SS), Ningxia Western Venture Industrial (000557.SZ), Xiandai Investment (000900.SZ), Jilin Expressway (601518.SS), Yuexiu Transport Infrastructure (1052.HK), SBS Transit (S61.SI), Xiamen International Airport (600897.SS).
Is AZ-COM Maruwa expensive compared with its peers?
On forward p/e it trades at 15.2× against a peer median of 15.0×, 5th most expensive of 10 in its peer set.
How has AZ-COM Maruwa stock performed?
Over six months to 6 Nov 2026 the shares returned -0.6% against -12.8% for the median peer; over one year -17.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.