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Mitsubishi Research Institute
(3636)
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Rating:71Outperform
Price Target:
¥5,028.00
▲(3.46% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial performance and an attractive valuation (low P/E and solid dividend yield). These positives are partly offset by weak technicals, with the stock trading below key moving averages and subdued momentum indicators.
Positive Factors
Conservative Balance Sheet
Extremely low leverage (debt-to-equity 0.014) and a robust equity base give the company durable financial flexibility. This reduces refinancing and solvency risk, supports stable dividend and investment capacity, and allows strategic spending during downturns without stressing cash flow.
Negative Factors
Declining Free Cash Flow Growth
A notable drop in free cash flow growth weakens the company’s capacity to fund discretionary investments, acquisitions, or larger shareholder returns. Over several quarters this could constrain strategic initiatives, limit balance sheet optimization, and reduce buffer against unexpected spending needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Extremely low leverage (debt-to-equity 0.014) and a robust equity base give the company durable financial flexibility. This reduces refinancing and solvency risk, supports stable dividend and investment capacity, and allows strategic spending during downturns without stressing cash flow.
Read all positive factors
Mitsubishi Research Institute (3636) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥76.15B
Dividend Yield3.43%
Average Volume (3M)24.01K
Price to Earnings (P/E)9.2
Beta (1Y)0.81
Revenue Growth9.71%
EPS Growth61.00%
CountryJP
Employees4,695
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)633.23
Shares Outstanding16,044,000
10 Day Avg. Volume20,130
30 Day Avg. Volume24,010
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)1.13
Price to Sales (P/S)0.67
P/FCF Ratio29.06
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)420.2
Revenue Forecast (FY)¥126.61B
Mitsubishi Research Institute Business Overview & Revenue Model
Company Description
Mitsubishi Research Institute, Inc. (MRI) is a Japanese firm that delivers a wide array of strategic advisory, information technology, and research services. It caters to a diverse client base within Japan, encompassing governmental entities, fina...
How the Company Makes Money
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Mitsubishi Research Institute Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 128.59B | 121.46B | 115.36B | 122.13B | 116.62B | 103.03B |
| Gross Profit | 31.58B | 30.26B | 27.13B | 27.72B | 28.07B | 24.50B |
| EBITDA | 17.04B | 13.72B | 11.74B | 13.40B | 15.80B | 11.48B |
| Net Income | 9.97B | 6.39B | 5.00B | 6.29B | 7.71B | 5.01B |
Balance Sheet | ||||||
| Total Assets | 140.41B | 131.00B | 121.90B | 120.27B | 116.44B | 101.57B |
| Cash, Cash Equivalents and Short-Term Investments | 16.17B | 30.31B | 30.93B | 25.23B | 33.16B | 29.40B |
| Total Debt | 971.00M | 1.04B | 1.11B | 2.09B | 3.53B | 4.93B |
| Total Liabilities | 51.86B | 49.65B | 45.52B | 45.88B | 45.28B | 37.73B |
| Stockholders Equity | 79.21B | 71.92B | 67.63B | 65.80B | 63.05B | 56.28B |
Cash Flow | ||||||
| Free Cash Flow | 2.81B | 2.81B | 12.18B | 3.09B | 7.94B | 2.30B |
| Operating Cash Flow | 6.42B | 6.42B | 13.54B | 5.70B | 9.26B | 3.25B |
| Investing Cash Flow | -4.00B | -4.00B | -2.91B | -2.41B | -6.65B | -1.97B |
| Financing Cash Flow | -3.01B | -3.01B | -4.94B | -6.20B | -3.85B | -4.62B |
Mitsubishi Research Institute Technical Analysis
Negative
4860.00
Price Trends
4608.70
Negative
4636.39
Negative
4744.23
Negative
Market Momentum
18.00
Positive
45.12
Neutral
4.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3636, the sentiment is Negative. The current price of 4860 is above the 20-day moving average (MA) of 4709.00, above the 50-day MA of 4608.70, and above the 200-day MA of 4744.23, indicating a bearish trend. The MACD of 18.00 indicates Positive momentum. The RSI at 45.12 is Neutral, neither overbought nor oversold. The STOCH value of 4.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3636.
Mitsubishi Research Institute Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥152.20B | 13.18 | ― | 3.30% | 10.67% | 23.70% | |
75 Outperform | ¥184.07B | 16.37 | 19.59% | 3.44% | 2.62% | 3.56% | |
75 Outperform | ¥31.24B | 8.80 | 10.38% | 4.82% | -2.76% | 36.33% | |
74 Outperform | ¥142.40B | 11.37 | 10.79% | 3.74% | 5.64% | -4.56% | |
71 Outperform | ¥76.15B | 9.15 | ― | 3.28% | 9.71% | 61.00% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:3636
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Mitsubishi Research Institute Corporate Events
Mitsubishi Research Institute Delivers Strong Nine-Month Results and Confirms Dividend Outlook
Jul 29, 2026
Mitsubishi Research Institute reported consolidated net sales of ¥98.2 billion for the nine months ended June 30, 2026, up 7.2% year on year, with operating profit rising 14.5% to ¥7.6 billion and profit attributable to owners of parent ...
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.