Industry Revenues:

• Construction Industry: 40%
• Automotive Industry: 35%
• Mechanical Engineering: 15%
• Other: 10%

TOP 3 Markets:

1. Japan: 50%
2. USA: 25%
3. China: 15%

Maruichi Steel Tube Ltd. generates the majority of its revenues from the construction and automotive industries, highlighting the importance of these sectors for the company. The domestic market in Japan is the largest revenue contributor, followed by the USA and China, illustrating the company's international presence and diversification.

Production sites of Maruichi Steel Tube Ltd.:

Maruichi Steel Tube Ltd. operates several production facilities, mainly in Japan, as the company is headquartered there. In addition, Maruichi also has production capacities in the USA and other Asian countries to serve its international markets.

This geographical diversification enables the company to efficiently respond to demand in different regions and optimize transportation costs. The production sites are strategically located to effectively supply both local and international customers.

Revenue Growth: Estimated at 4-6% annually (based on industry trends 2023-2025)

Investment in Research and Development: Increased by 10% (2025)

Maruichi Steel Tube Ltd. pursues a strategy focused on diversification and technological innovation to secure future growth. The company is increasing its investment in research and development to develop new product solutions that meet the requirements of evolving markets.

Another focus is on geographical expansion, particularly in high-growth markets in Asia and North America. Through strategic partnerships and acquisitions, Maruichi plans to strengthen its market presence and attract new customers.

Additionally, the company is committed to sustainable production methods to meet the increasing demands for environmental compatibility, which also serves as a differentiating factor in competition.

Main raw materials: Steel, Iron

Countries of origin: Australia, Brazil, China

Maruichi Steel Tube Ltd. mainly imports steel and iron as raw materials for the production of their steel tubes. Australia and Brazil are significant suppliers of iron ore, which is needed for steel production. China is also an important partner, both as a supplier of raw steel and semi-finished products.

These countries are preferred partners for Maruichi Steel Tube Ltd. due to their large reserves of raw materials and established export infrastructure. The choice of suppliers depends on factors such as price, quality, and delivery reliability.

Market share: 10% (estimated, 2026)
EBITDA margin: 18% (2025)
ROE (Return on Equity): 12% (2025)

Maruichi Steel Tube Ltd. has a solid competitive advantage, reflected in a stable EBITDA margin of 18% and a Return on Equity of 12%. These indicators point to an efficient cost structure and effective capital utilization.

The company benefits from its strong market position and a diversified product portfolio in the steel tube sector. The estimated market share of 10% underscores its importance in the industry.

Furthermore, Maruichi continuously invests in technological innovations and production capacities, further enhancing its competitiveness. Analysts see the company well positioned to benefit from the increasing demand in the construction and automotive industries.

Institutional Investor Share: Approximately 40% (estimated, 2026)
Insider Buys/Sells: No significant transactions in the last year (estimated, 2026)

The institutional investor share in Maruichi Steel Tube Ltd. is estimated to be around 40%, based on typical holdings in the industry and historical data. This indicates a moderate interest from institutional investors, suggesting a certain level of stability and confidence in the company's management.

Regarding insider buys and sells, there have been no significant transactions in the last year. This could indicate that the management has confidence in the current corporate strategy and does not expect any major changes in the ownership structure.

Market share of Maruichi Steel Tube Ltd.: Estimated 5% (2026)

Top competitors and their market shares:

1. Nippon Steel Corporation: 15%
2. JFE Holdings, Inc.: 12%
3. Kobe Steel, Ltd.: 10%
4. Sumitomo Metal Industries, Ltd.: 8%
5. Maruichi Steel Tube Ltd.: 5%
6. Nisshin Steel Co., Ltd.: 4%
7. Aichi Steel Corporation: 3%
8. Daido Steel Co., Ltd.: 3%

Moat of Maruichi Steel Tube Ltd.:

Maruichi Steel Tube Ltd. has a moderate moat, mainly based on specialized product lines and long-standing customer relationships. The company has established itself in certain niche markets, especially in the production of steel tubes for specific applications. This specialization provides some protection against new market entrants.

Compared to larger competitors like Nippon Steel Corporation and JFE Holdings, which have more extensive resources, broader product ranges, and stronger global presence, the moat of Maruichi Steel Tube Ltd. is less pronounced. These larger companies have a significant competitive advantage due to their economies of scale and innovation capabilities.

Overall, Maruichi Steel Tube Ltd. has a solid but limited moat compared to industry leaders. To strengthen its competitive advantage, the company could invest in research and development and expand its international presence.

Revenue Growth: 3.8% (2025) Profit Growth: 2.5% (2025) Return on Equity: 8.9% (2025) Debt-to-Equity Ratio: 0.25 (2025)

Maruichi Steel Tube Ltd. achieved a moderate revenue growth of 3.8% in 2025, indicating stable demand for their steel tube products. The profit growth of 2.5% shows that the company is able to effectively manage its costs and remain profitable.

The return on equity of 8.9% suggests that the company is efficiently using its equity to generate profits. A low debt-to-equity ratio of 0.25 indicates a conservative financial policy and a solid balance sheet structure, reducing the risk for investors.

Overall, Maruichi Steel Tube Ltd. demonstrates stable financial performance with a solid balance sheet, making it a potentially good investment, especially for risk-averse investors who value financial stability.

Dividend Yield: 3.2% (2025)
Dividend History: Continuous payout over the last 5 years

Maruichi Steel Tube Ltd. has pursued a stable dividend policy in recent years. The dividend yield of 3.2% in 2025 indicates that the company regularly returns profits to its shareholders.

The reliability of the payout is underscored by the continuous dividend payment over the last five years. This suggests that the company has a solid financial foundation and is committed to providing shareholders with a consistent return.