Mercuria Holdings Co., Ltd.

7347 株式会社マーキュリアホールディングス

Asset Management · Prime · TSE: Disclosed

PRICE: ¥752 · MKT CAP: ¥14.9B · P/E: 8.6x · P/B: 0.81x · DIV YIELD: 2.9%

PRICE — 5Y

Characteristics & Business Summary

Mercuria Holdings Co., Ltd., together with its subsidiaries, engages in the fund management business in Japan, China, Hong Kong, the Cayman Islands, and internationally. The company offers investment advisory and management, financial, and asset management...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	4,170	4,598	5,842	5,566	7,216
Operating Profit	1,763	2,055	1,344	975	2,515
Ordinary Profit	1,817	2,208	1,520	1,157	2,554
Net Profit	1,304	1,563	1,055	506	1,685
EPS	¥62	¥76	¥53	¥25	¥85
DPS	¥20	¥20	¥21	¥22	¥22

Balance Sheet & Valuation Highlights

Total Assets ¥23B

Net Assets (Equity) ¥19B

Equity Ratio 76.6%

ROE (Return on Equity) 9.6%

Cash & Equivalents ¥5B

Interest-Bearing Debt ¥1B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥0B

Major Shareholders

1. 株式会社日本政策投資銀行 21.2%
2. Itochu Corporation 12.2%
3. INTERACTIVE BROKERS LLC 9.6%
4. GOLDMAN,SACHS & CO. REG 4.5%
5. GOLDMAN SACHS INTERNATIONAL 3.4%
6. 豊島俊弘 3.1%
7. Sumitomo Mitsui Trust Bank 2.9%
8. SILVERCAPE INVESTMENTS LIMITED 2.5%
9. Japan Custody Bank 2.5%
10. NORTHERN TRUST CO.（AVFC) RE NON TREATY CLIENTS ACCOUNT 2.0%

Activist Activity

NGS Partners, Inc. 9.21%

2026-04-03 · correction

NGS Partners, Inc. 9.21%

2026-04-03 · correction

NGS Partners, Inc. 9.21%

2026-03-31 · change

VARECS Partners Limited 0.0%

2026-03-16 · exit

SilverCape Investments Limited 11.2%

2026-03-11 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥199	¥224	¥295	¥280	¥364
FCF/Share	¥7	¥-18	¥60	¥33	¥120
EPS	¥62	¥76	¥53	¥25	¥85
DPS	¥20	¥20	¥21	¥22	¥22
Capital Spending per share	¥2	¥1	¥3	¥0	¥0
Book Value per share	¥745	¥799	¥827	¥823	¥886
Common Shares Outstanding	21M	21M	20M	20M	20M

Financial Aggregates & Margins

Financial Aggregate	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥4B	¥5B	¥6B	¥6B	¥7B
Operating Margin (%)	42.3%	44.7%	23.0%	17.5%	34.9%
Net Profit (owners)	¥1B	¥2B	¥1B	¥1B	¥2B
Net Profit Margin (%)	31.3%	34.0%	18.1%	9.1%	23.3%
Working Capital	¥15B	¥16B	¥17B	¥18B	¥18B
Total Debt (Interest-bearing)	¥1B	¥1B	¥0B	¥0B	¥1B
Net Worth (Common Equity)	¥16B	¥16B	¥16B	¥16B	¥18B
Return on Total Assets (ROA)	7.2%	7.8%	5.4%	2.4%	7.2%
Return on Common Equity (ROE)	8.4%	9.5%	6.4%	3.1%	9.6%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.