MERF Inc.
3168・Standard Market・Wholesale Trade
MERF Inc.3168
MERF Inc.3168
Reference Indicators
Market Cap
151¥100M
P/E (Forecast)
—
P/B
1.2x
Dividend Yield (Forecast)
2.84%
ROE
25.8%
EV/EBITDA
5.2x
Financial Summary
Unit: ¥M
| Item | 2022Aug 2022 | 2023Aug 2023 | 2024Aug 2024 | 2025Aug 2025 | 2026Aug 2026 |
|---|---|---|---|---|---|
Net Sales | 89,102 | 84,594 | 82,070 | 82,463 | 106,845 |
Cost of Sales | 86,529 | 82,504 | 78,949 | 80,130 | 99,447 |
Gross Profit | 2,573 | 2,090 | 3,120 | 2,333 | 7,398 |
SG&A Expenses | 1,711 | 1,557 | 1,670 | 2,215 | 2,957 |
Operating Income | 862 | 532 | 1,450 | 117 | 4,440 |
Non-operating Income | 213 | 51 | 25 | 113 | 306 |
Non-operating Expenses | 138 | 356 | 438 | 451 | 404 |
Ordinary Income | 936 | 227 | 1,037 | -220 | 4,342 |
Extraordinary Income | — | 32 | 5 | 3 | — |
Extraordinary Losses | 90 | — | 97 | — | — |
Pre-tax Income | 845 | 260 | 945 | -216 | 4,342 |
Income Taxes | 298 | 89 | 412 | -13 | 1,550 |
Net Income | 547 | 170 | 532 | -203 | 2,791 |
EBITDA | 1,042 | 752 | 1,687 | 499 | 4,974 |
Gross Margin | 2.9% | 2.5% | 3.8% | 2.8% | 6.9% |
Operating Margin | 1.0% | 0.6% | 1.8% | 0.1% | 4.2% |
ROA | 2.1% | 0.7% | 2.0% | -0.8% | 8.3% |
ROE | 6.1% | 1.9% | 5.7% | -2.4% | 25.8% |
Segment Performance
Unit: ¥M
2026
| Segment | Net Sales | Operating Income | Operating Margin |
|---|---|---|---|
| 非鉄金属 | 81,905 | 14 | 0.0% |
| 美術工芸 | 558 | 102 | 18.3% |

