MASARU CORPORATION

1795・Standard Market・Construction

Official website

MASARU CORPORATION

1795・Standard Market・Construction

Official website

MASARU CORPORATION1795

Reference Indicators

Market Cap

46¥100M

P/E (Forecast)

16.0x

P/B

0.9x

Dividend Yield (Forecast)

2.18%

ROE

7.9%

EV/EBITDA

2.9x

Financial Summary

Unit: ¥M

Item	2021Sep 2021	2022Sep 2022	2023Sep 2023	2024Sep 2024	2025Sep 2025
Net Sales	7,794	6,959	8,635	8,947	10,647
SG&A Expenses	1,038	1,027	1,231	1,381	1,591
Operating Income	406	198	504	407	638
Non-operating Income	17	37	19	28	32
Non-operating Expenses	6	3	1	14	11
Ordinary Income	418	232	522	421	658
Extraordinary Income	—	84	0	—	—
Extraordinary Losses	—	5	—	—	39
Pre-tax Income	418	312	522	421	618
Income Taxes	96	121	177	143	213
Net Income	321	191	344	277	405
EBITDA	439	232	532	457	755
Operating Margin	5.2%	2.9%	5.8%	4.6%	6.0%
ROA	4.3%	2.9%	4.6%	3.3%	4.6%
ROE	7.5%	4.3%	7.5%	5.7%	7.9%

Segment Performance

Unit: ¥M

2025

Segment	Net Sales	Operating Income	Operating Margin
建設工事業	9,165	568	6.2%
設備工事業	1,482	69	4.7%