Investor Relations FAQ
Questions about Company
Our company is a trading company providing, domestically and internationally, the cutting-edge electronics products such as semiconductors and electronic application equipments. Since establishment, we have focused on the industry and R&D field based on electronics technology, providing the best products, information and service leading to our competitive advantage and improvement of customer satisfaction.
We were listed on the Tokyo Stock Exchange second section in January, 1997.
It was transferred to the Tokyo Stock Exchange first section in March 2001.
We were listed on the Tokyo Stock Exchange Prime Market in April, 2022.
We started our company as a dry goods wholesaler (store name: Marubun) in Nihonbashi-Ohdenmacho, where the current head office is located, in 1844. We call this “foundation.” Then, our business shifted to an asset management company and merged with the business corporation founded by our founder after World War II, and later to the current trading company focusing on export and import. This was in July, 1947 and we called this “establishment.” The company name “Marubun” came from the store name when it was founded.
Our company used to deal with various miscellaneous goods and general machinery when it was established, and then concluded a distributor’s contract with a machine trading company in the US in 1952, when we started handling the cutting-edge equipments produced in USA for the first time. After that, we strived to expand our business by recognizing our mission as the contribution to the development of Japanese industry, science and technology through introducing the cutting-edge equipments produced in USA and Europe and consistently exploiting these equipments. We also started to provide semiconductors, one of main products of the current electronic device business, under the development of the cutting-edge equipments.
Our mid-term goal is the improvement of our profitability, achieving 5% of ROE as a measure.
The group consists of our company, 13 subsidiaries, and 1 affiliated companies. (As of Apr.1,2020)
The business fields of the main subsidiaries are shown below:
Marubun Tsusho Co., Ltd.
— Purchase and sale of electronic equipment such as medical equipment.
Marubun West Co., Ltd.
— Purchase and sale of electronic equipment.
Foresight Techno Co., Ltd.
— Provision of engineering services such as technical support.
Marubun/Arrow Asia, Ltd.
— Purchase and sale of semiconductors and electronic components in the Asian region.
To see the list, go to ”group”.
Questions about Business
Our company consists of two businesses: electronic devices business and electronic systems business. The main products are shown below:
Device business — Semiconductors, crystal devices, Display devices, etc.
System business — Space & defense electronics, Industrial & Inspection equipment, Laser equipment, Information & Communication equipment,Medical Equipment, etc.
Click “here” for details of the business.
For the device business, we try to understand customer needs, more specifically functions the customers’ design engineers wish to develop, at an early stage of production to introduce optimal semiconductor design. We also develop the custom IC design and its software.
For the system business, we develop new technical support to provide system integration combining multiple products according to customer needs, maintenance service including installation and adjustment after delivery, and feedback of customer needs to the supplier to develop new products.
We established a joint venture Marubun/Arrow in 1998 by sharing investment with Arrow Electronics, Inc., which is one of the largest semiconductors trading companies in the world.
The method of developing the products in Japan by the major electrical equipment manufacturers, who are the main customers in the device business, is shifting production overseas, which is the norm these days. Marubun/Arrow builds the sales network to be excellent in quality, quantity, and speed by making the best use of the broad customer base and sales power of Marubun, and also the abundant products and global deployment of ARROW.
In addition, we cope with customers who are shifting production overseas promptly to implement the same fine component supply service as we have been doing domestically, regardless of production bases.
Arrow Electronics, Inc. (NYSE: ARW) guides innovation forward for over 175,000 leading technology manufacturers and service providers. The company maintains a network of more than 336 locations worldwide. With 2019 sales of $29 billion, Arrow develops technology solutions that improve business and daily life.
Our company is broadly classified as an electronics trading company. Since the composition of net sales of the electronic devices business is high, we are regarded as one of the semiconductor trading companies.
The semiconductor trading companies are classified into two groups: the semiconductor trading companies affiliated with manufacturers producing domestically mainly, and independent semiconductor trading companies not belonging to affiliated companies.
Examples of independent semiconductor trading companies are Kaga Electronics Co., Ltd., Macnica Fuji Electronics Holdings, Inc., and Tokyo Electron Device Ltd., examples of affiliated companies are Ryosan Company Ltd., Sanshin Electronics Co.,Ltd. and UKC Holdings Corporation.
Trading companies dealing with electronic equipments are Hakuto Co., Ltd., and Toyo Corporation.
For the device business, there are powerful suppliers leading the semiconductor industry in the world. The main suppliers are shown below:
Overseas makers: Broadcom Inc., Maxim Integrated, Cypress Semiconductor Corporation, Etc.
Domestic makers: Seiko Epson Corp., Asahi Kasei Microdevices Corp., etc.
Please refer to “Business” for details.
The main customers of the electronic device business are the major electrical equipment manufacturers representing Japan.
Our semiconductor and electronic components are adopted in various applications: communication equipment (e.g. smart phone), consumer electronics (e.g. game machine, digital camera, DVD, and flat TV), and others (e.g. computer/OA equipment, industrial equipment, and car).
The electronic system business deals with four fields of electronic products as shown below:
・Space and defense electronics (space equipment, simulator equipment and sensors)
・Industrial Equipment (inspection equipment and related manufacturing equipment for semiconductors, embeded computer system, etc.)
・Laser equipment (laser diode, optical components)
・Information & communication Equipment (optical communication equipment, GNSS & timing solutions, network & securities)
・Medical equipment (diagnostic imaging equipment, hemodialysis apparatus)
Please refer to “Business” for details of the products.
Questions about Achievement and Financial Affairs
The segment information of the electronic device business and the electronic system business, and segment information for each location are described in the financial statement.
Please refer to “Earnings Release” for details.
We plan to provide the data, distributed to the analysts at the company briefing session, on this homepage in principle.
To see the data distributed at the company briefing session after the announcement of financial statements, go to “Risk Management”.
Marubun doesn’t prepare an annual report.
Questions about stocks
The stock code is 7537.
The trading unit is 100 shares.
In accordance with the basic policy for the provision of continuous shareholder returns, we have adopted a performance-linked dividend payment to actively return earnings in accordance with its operating results, and determine dividend payments by focusing on the dividend payout ratio. Based on this policy, we will determine a dividend amount based on a payout ratio of at least 25% on a consolidated basis or a pay ratio of at least 30% on a non-consolidated basis, whichever is higher.
Please refer to the “Devidend Information” for details.
The year-end dividend is paid to shareholders of record on March 31 and interim dividend is paid to shareholders of record of September 31.
Marubun does not currently offer such a program.
The stock transfer agent is Mitsubishi UFJ Trust and Banking Corporation.
We send a convocation notice of an ordinary general meeting and a voting form to each of the shareholders recorded in our shareholder list as of the end of the record date for the meeting (March 31 of each year).
If you attend the meeting in person, you may exercise voting rights by submitting a voting form at the meeting.
If you are unable to attend the meeting, you may exercise your voting rights in writing. Please indicate your approval or disapproval of each agenda item on the voting form, and return the form to arrive at the company by the day before the meeting.