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Meisei Industrial Co., Ltd.
(1976)
Select Model
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Rating:71Outperform
Price Target:
¥2,033.00
▲(19.87% Upside)
Action:Reiterated
Date:08/09/26
The score is driven primarily by strong financial quality—especially very low leverage and a history of positive free cash flow—tempered by weaker recent revenue/earnings momentum and uneven cash conversion. Technicals are mixed with near-term weakness (below the 20-day average, subdued RSI), while valuation is supportive with a reasonable P/E and a solid dividend yield.
Positive Factors
Extremely low leverage and growing equity
Very low debt and rising shareholders' equity provide durable financial flexibility for cyclicality in engineering and construction. This balance-sheet strength supports investment, weathering project slowdowns, and reduces refinancing risk through typical construction-cycle volatility.
Negative Factors
Declining revenue and net income in FY2026
A meaningful revenue and earnings decline reduces scale and can erode fixed-cost absorption, weakening long-term earnings power if the trend persists. Continued top-line softness could limit reinvestment and pressure margins despite balance-sheet strength.
Read all positive and negative factors
Positive Factors
Negative Factors
Extremely low leverage and growing equity
Very low debt and rising shareholders' equity provide durable financial flexibility for cyclicality in engineering and construction. This balance-sheet strength supports investment, weathering project slowdowns, and reduces refinancing risk through typical construction-cycle volatility.
Read all positive factors
Meisei Industrial Co., Ltd. (1976) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥88.13B
Dividend Yield3.47%
Average Volume (3M)49.95K
Price to Earnings (P/E)15.8
Beta (1Y)0.83
Revenue Growth-8.79%
EPS Growth-28.56%
CountryJP
Employees768
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., established in 1944 and headquartered in Osaka, Japan, is a construction and engineering firm operating across both domestic and international markets. The company specializes in two primary areas: Construction Business...
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
1834.06
Positive
1815.99
Positive
1756.21
Positive
Market Momentum
-5.27
Positive
50.94
Neutral
25.95
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 1897.25, below the 50-day MA of 1834.06, and below the 200-day MA of 1756.21, indicating a neutral trend. The MACD of -5.27 indicates Positive momentum. The RSI at 50.94 is Neutral, neither overbought nor oversold. The STOCH value of 25.95 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥149.46B | 10.71 | ― | 2.81% | 11.40% | 26.49% | |
71 Outperform | ¥88.13B | 15.79 | ― | 3.46% | -8.79% | -28.56% | |
69 Neutral | ¥27.27B | 10.95 | ― | 2.37% | 3.65% | 19.76% | |
67 Neutral | ¥20.73B | 12.76 | ― | 3.59% | 1.71% | 20.61% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥7.75B | 13.99 | ― | 2.03% | 23.05% | 8.64% | |
62 Neutral | ¥2.90B | 18.46 | ― | 2.71% | 2.91% | -10.79% |
* Industrials Sector Average
JP:1976
Meisei Industrial Co., Ltd.
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318.35
20.45%
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Meisei Industrial Co., Ltd. Corporate Events
Meisei Industrial Holds Profit, Keeps Dividend as Sales Dip in First Quarter
Aug 6, 2026
Meisei Industrial reported a 5.3% year-on-year decline in first-quarter net sales to ¥13.11 billion, but operating profit and ordinary profit were broadly stable, with profit attributable to owners of parent rising 6.8% to ¥856 million a...
Meisei Industrial Updates Capital-Efficiency Measures, Plans New Medium-Term Strategy
Jul 31, 2026
Meisei Industrial Co., Ltd. announced that its Board of Directors has reviewed and evaluated the progress of measures aimed at promoting management that is conscious of capital costs and stock price, originally disclosed in July 2025. The company ...
Meisei Industrial Maintains Dividend as Q1 Profit Rises Despite Lower Sales
Jul 31, 2026
Meisei Industrial reported first-quarter consolidated net sales of ¥13.11 billion, down 5.3% year on year, with operating profit dipping 1.3% to ¥1.08 billion, while ordinary profit was flat and profit attributable to owners of parent ro...
Meisei Industrial Completes Treasury Share Disposal for Director Stock Compensation
Jul 24, 2026
Meisei Industrial Co., Ltd. has completed the payment procedures for the disposal of treasury shares to be used as restricted stock compensation for its directors. The move follows a board resolution passed on June 25, 2026, and involves issuing 7...
Meisei Industrial to Grant Restricted Treasury Shares to Executive Directors
Jun 25, 2026
Meisei Industrial Co., Ltd. has approved the disposal of 7,000 shares of its treasury stock to four executive directors as part of a restricted stock compensation plan, priced at ¥1,818 per share for a total of ¥12,726,000. The plan targ...
Meisei Industrial Maintains Leadership and Audit Lineup With Broad Director Reappointments
May 22, 2026
Meisei Industrial Co., Ltd. announced that its board has approved the reappointment of key executive directors, including Representative Director and President Tetsuji Yanase, along with executives overseeing branch administration, engineering, sa...
Meisei Industrial Posts Profit Decline but Lifts Dividend and Eyes Modest Recovery
May 15, 2026
Meisei Industrial reported a challenging fiscal year ended March 31, 2026, with net sales down 9.0% to ¥60.3 billion and operating profit dropping 27.7% to ¥7.7 billion, leading to a 35.0% decline in profit attributable to owners of pare...
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.