MIYAJI ENGINEERING GROUP, INC. (JP:3431)
:3431
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MIYAJI ENGINEERING GROUP, INC.
(3431)
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Rating:63Neutral
Price Target:
¥1,644.00
▼(-12.55% Downside)
Action:Reiterated
Date:05/16/26
The score is primarily supported by strong financial resilience (low leverage and solid profitability), but is held back by weakening near-term fundamentals (FY2026 revenue drop), inconsistent cash flow, and bearish technicals with the stock trading below key moving averages. A high dividend yield provides partial offset.
Positive Factors
Conservative balance sheet
Consistently low leverage and a large equity base provide durable financial flexibility for an engineering contractor. This supports bidding on large projects, cushions revenue volatility, and preserves capacity to fund capex or dividends without relying on external financing over the next several quarters.
Negative Factors
Sharp FY2026 revenue decline
A large year-over-year revenue drop highlights project timing and demand sensitivity inherent in building systems work. Reduced topline and lower operating profit weaken backlog visibility and utilization, increasing execution and margin risk across upcoming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Consistently low leverage and a large equity base provide durable financial flexibility for an engineering contractor. This supports bidding on large projects, cushions revenue volatility, and preserves capacity to fund capex or dividends without relying on external financing over the next several quarters.
Read all positive factors
MIYAJI ENGINEERING GROUP, INC. (3431) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥40.90B
Dividend Yield5.38%
Average Volume (3M)59.03K
Price to Earnings (P/E)12.1
Beta (1Y)0.80
Revenue Growth-24.18%
EPS Growth-32.34%
CountryJP
Employees780
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)190.11
Shares Outstanding27,677,816
10 Day Avg. Volume44,490
30 Day Avg. Volume59,030
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)1.07
Price to Sales (P/S)0.81
P/FCF Ratio6.87
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
MIYAJI ENGINEERING GROUP, INC. Business Overview & Revenue Model
Company Description
Miyaji Engineering Group,Inc., through its subsidiaries, engages in the construction and civil engineering activities in Japan. The company produces, erects, installs, maintains, and repairs bridges, steel frames, and other steel structures; desig...
How the Company Makes Money
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MIYAJI ENGINEERING GROUP, INC. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 73.77B | 56.66B | 74.72B | 69.36B | 60.28B | 58.00B |
| Gross Profit | 14.54B | 9.85B | 14.20B | 12.83B | 9.05B | 9.24B |
| EBITDA | 10.79B | 6.16B | 10.45B | 8.86B | 6.15B | 6.91B |
| Net Income | 5.06B | 3.26B | 4.86B | 4.35B | 3.08B | 3.41B |
Balance Sheet | ||||||
| Total Assets | 77.97B | 82.02B | 90.60B | 74.15B | 64.11B | 62.78B |
| Cash, Cash Equivalents and Short-Term Investments | 6.52B | 12.37B | 16.50B | 19.11B | 13.62B | 15.98B |
| Total Debt | 1.80B | 512.00M | 8.07B | 389.00M | 155.00M | 441.67M |
| Total Liabilities | 30.57B | 32.03B | 42.26B | 27.53B | 22.54B | 23.69B |
| Stockholders Equity | 40.21B | 42.84B | 40.48B | 39.70B | 35.51B | 33.38B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 6.66B | -5.16B | 7.06B | -615.00M | 10.84B |
| Operating Cash Flow | 0.00 | 10.94B | -2.65B | 8.84B | 495.00M | 11.92B |
| Investing Cash Flow | 0.00 | -4.09B | -2.46B | -1.54B | -711.00M | -1.19B |
| Financing Cash Flow | 0.00 | -10.98B | 2.50B | -1.80B | -2.15B | -3.27B |
MIYAJI ENGINEERING GROUP, INC. Technical Analysis
Negative
1880.00
Price Trends
1644.88
Negative
1750.57
Negative
1827.89
Negative
Market Momentum
-53.83
Positive
36.10
Neutral
51.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3431, the sentiment is Negative. The current price of 1880 is above the 20-day moving average (MA) of 1559.35, above the 50-day MA of 1644.88, and above the 200-day MA of 1827.89, indicating a bearish trend. The MACD of -53.83 indicates Positive momentum. The RSI at 36.10 is Neutral, neither overbought nor oversold. The STOCH value of 51.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3431.
MIYAJI ENGINEERING GROUP, INC. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥45.23B | 10.32 | ― | 1.96% | 24.91% | 51.00% | |
73 Outperform | ¥41.20B | 8.82 | ― | 3.97% | -3.24% | 60.95% | |
67 Neutral | ¥47.68B | 10.50 | ― | 2.19% | 2.18% | 24.71% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥40.90B | 12.06 | ― | 5.38% | -24.18% | -32.34% | |
63 Neutral | ¥43.06B | 10.94 | ― | 3.53% | 6.68% | -6.70% | |
50 Neutral | ¥42.57B | 9.89 | 1.27% | 3.81% | 7.82% | 704.89% |
* Industrials Sector Average
JP:3431
MIYAJI ENGINEERING GROUP, INC.
1,484.00
-293.51
-16.51%
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MIYAJI ENGINEERING GROUP, INC. Corporate Events
Miyaji Engineering Group Sets Year-End Dividend, Maintains Stable Shareholder Returns
May 13, 2026
Miyaji Engineering Group’s board has approved a year-end dividend of ¥55 per share for the fiscal year ended March 31, 2026, unchanged from its earlier forecast and the prior year’s year-end payout. Subject to shareholder approval...
Miyaji Engineering Warns of Further Profit Slide After Tough Fiscal 2026
May 13, 2026
Miyaji Engineering Group reported a sharp downturn for the fiscal year ended March 31, 2026, with net sales falling 24.2% to ¥56.66 billion and operating profit halving, dragging profit attributable to owners of parent down 32.7% amid a notab...
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.