Meisei Industrial Co., Ltd. (JP:1976)
:1976
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Meisei Industrial Co., Ltd.
(1976)
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Rating:73Outperform
Price Target:
¥1,991.00
▲(17.39% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by strong financial resilience (very low leverage and consistent positive free cash flow) and reasonable valuation with a solid dividend. Offsetting these positives are weaker recent operating momentum (FY2026 revenue and earnings down vs FY2025) and a mixed technical picture with the price below key short-term moving averages.
Positive Factors
Conservative balance sheet
An exceptionally conservative balance sheet with near-zero leverage and rising equity gives durable financial flexibility. It reduces refinancing and covenant risk during construction cycles, enabling the company to pursue projects, sustain dividends, and withstand sector downturns over the next several months.
Negative Factors
Declining revenue and earnings
A notable drop in revenue and net income in FY2026 signals weaker project activity or margin pressure. If declines continue, the company faces reduced reinvestment capacity, weaker cash flow generation, and diminished earnings visibility, which can stress long-term growth and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
An exceptionally conservative balance sheet with near-zero leverage and rising equity gives durable financial flexibility. It reduces refinancing and covenant risk during construction cycles, enabling the company to pursue projects, sustain dividends, and withstand sector downturns over the next several months.
Read all positive factors
Meisei Industrial Co., Ltd. (1976) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥83.57B
Dividend Yield3.46%
Average Volume (3M)49.95K
Price to Earnings (P/E)14.7
Beta (1Y)0.90
Revenue Growth-9.03%
EPS Growth-33.40%
CountryJP
Employees691
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)166.34
Shares Outstanding55,117,218
10 Day Avg. Volume44,280
30 Day Avg. Volume49,950
Financial Highlights & Ratios
PEG Ratio-0.44
Price to Book (P/B)1.17
Price to Sales (P/S)1.34
P/FCF Ratio13.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Meisei Industrial Co., Ltd. Business Overview & Revenue Model
Company Description
MEISEI INDUSTRIAL Co.,Ltd. operates as a construction works company in Japan and internationally. It operates in two segments, Construction Business and Boiler Business. The company offers hot and cold insulation systems, including the Keical-Ace ...
How the Company Makes Money
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Meisei Industrial Co., Ltd. Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
90
Very Positive
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 65.31B | 60.30B | 66.28B | 60.38B | 55.89B | 48.39B |
| Gross Profit | 15.46B | 13.21B | 15.74B | 12.83B | 11.58B | 9.93B |
| EBITDA | 11.71B | 8.66B | 12.62B | 9.17B | 7.47B | 6.40B |
| Net Income | 7.99B | 5.49B | 8.46B | 6.24B | 4.68B | 3.79B |
Balance Sheet | ||||||
| Total Assets | 84.53B | 85.60B | 88.58B | 84.43B | 77.51B | 71.15B |
| Cash, Cash Equivalents and Short-Term Investments | 33.79B | 36.81B | 33.66B | 31.69B | 29.32B | 27.49B |
| Total Debt | 800.00M | 800.00M | 975.00M | 895.00M | 845.00M | 1.03B |
| Total Liabilities | 16.61B | 16.07B | 19.37B | 20.56B | 18.06B | 15.22B |
| Stockholders Equity | 67.32B | 69.00B | 68.57B | 63.39B | 59.05B | 55.56B |
Cash Flow | ||||||
| Free Cash Flow | -159.50M | 6.19B | 4.94B | 5.22B | 3.13B | 6.92B |
| Operating Cash Flow | 775.50M | 6.65B | 6.94B | 7.13B | 4.07B | 7.17B |
| Investing Cash Flow | -670.00M | 2.13B | -500.00M | -1.89B | -827.00M | -9.00M |
| Financing Cash Flow | -983.00M | -5.64B | -4.69B | -3.09B | -1.74B | -2.66B |
Meisei Industrial Co., Ltd. Technical Analysis
Positive
1696.00
Price Trends
1832.14
Positive
1749.57
Positive
1649.81
Positive
Market Momentum
16.87
Negative
50.81
Neutral
45.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1976, the sentiment is Positive. The current price of 1696 is below the 20-day moving average (MA) of 1818.79, below the 50-day MA of 1832.14, and above the 200-day MA of 1649.81, indicating a bullish trend. The MACD of 16.87 indicates Negative momentum. The RSI at 50.81 is Neutral, neither overbought nor oversold. The STOCH value of 45.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1976.
Meisei Industrial Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥23.88B | 7.75 | ― | 2.37% | 2.65% | 7.45% | |
75 Outperform | ¥168.50B | 12.18 | ― | 2.81% | 12.49% | 26.21% | |
73 Outperform | ¥2.98B | 14.75 | ― | 2.71% | -5.13% | -3.43% | |
73 Outperform | ¥83.57B | 14.69 | ― | 3.46% | -9.03% | -33.40% | |
70 Outperform | ¥8.33B | 5.35 | ― | 2.03% | 26.86% | 0.06% | |
65 Neutral | ¥21.07B | -39.49 | ― | 3.59% | 4.27% | 50.20% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:1976
Meisei Industrial Co., Ltd.
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Meisei Industrial Co., Ltd. Corporate Events
Meisei Industrial Board Rejects Activist Shareholder’s Proposals on Buybacks and Governance
May 8, 2026
Meisei Industrial’s board has formally opposed a set of shareholder proposals from Nippon Active Value Fund, which will be presented at the company’s 84th ordinary general meeting in June 2026. The proposals call for a mandated share b...
Meisei Industrial Profit Slides as Sales Fall, but Dividend Raised on Solid Balance Sheet
May 8, 2026
Meisei Industrial reported a 9.0% decline in net sales to ¥60.3 billion for the fiscal year ended March 31, 2026, with operating profit down 27.7% and profit attributable to owners of parent falling 35.0%, reflecting margin pressure despite a...
Meisei Industrial Takes ¥2.7bn Impairment but Lifts Full-Year Profit Outlook
Apr 24, 2026
Meisei Industrial said it will book an extraordinary impairment loss of ¥2.7 billion on its headquarters building for the fiscal year ending March 2026, after identifying signs of impairment under Japan’s accounting standards for fixed ...
Meisei Industrial Books ¥1.8 Billion Extraordinary Gain From Strategic Share Sale
Mar 2, 2026
Meisei Industrial Co., Ltd. has announced that it generated an extraordinary gain of 1,818 million yen from selling a portion of its strategic investment securities, specifically five listed stocks, between February 17 and February 25, 2026. The d...
Meisei Industrial Revamps Organization and Leadership to Boost Regional and Procurement Strength
Mar 2, 2026
Meisei Industrial Co., Ltd. announced a series of organizational and personnel changes effective April 1, 2026, including the establishment of a new Chugoku Shikoku Regional Branch and a centralized Procurement Department. These moves signal a pu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.