Mitsubishi Research Institute (3636) AI Stock Analysis

• Market Cap: ¥73.62B
• Dividend Yield: 3.28%
• Average Volume (3M): 24.01K
• Price to Earnings (P/E): 7.5
• Beta (1Y): 0.87
• Revenue Growth: 5.28%
• EPS Growth: 28.90%
• Country: JP
• Employees: 4,573
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 167.27
• Shares Outstanding: 16,044,000
• 10 Day Avg. Volume: 20,130
• 30 Day Avg. Volume: 24,010
• PEG Ratio: 0.45
• Price to Book (P/B): 1.13
• Price to Sales (P/S): 0.67
• P/FCF Ratio: 29.06
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 358.2
• Revenue Forecast (FY): ¥124.64B

• Rating: 77 Outperform
• Price Target: ¥5,193.00 ▲(6.85% Upside)
• Action: Reiterated Date: 02/07/26
• Date: Action: Reiterated 02/07/26

The score is driven primarily by strong financial performance (profitability and a very low-leverage balance sheet) and an attractive valuation (low P/E with a solid dividend). Technicals are supportive but less decisive due to mixed momentum signals, and declining free cash flow trends temper the otherwise solid fundamentals.

Positive Factors

Balance sheet strength

Extremely low leverage gives the company durable financial flexibility: it can fund operations, defend margins through downturns, and pursue M&A or capex without stressing solvency. This stability supports long-term client commitments and dividend capacity over months.

Negative Factors

Weakening free cash flow conversion

Declining FCF growth and weaker FCF-to-net-income reduce internal funding for strategic investments, buybacks or rising working capital needs. Even with solid operating cash, persistent conversion issues can constrain capital allocation flexibility over coming quarters.

Mitsubishi Research Institute Business Overview & Revenue Model

Company Description

Mitsubishi Research Institute, Inc. provides think tank, consulting, and IT services to government agencies, financial institutions, and private companies in Japan. Its service solutions include management consulting, digital innovation, financial...

Read more

Mitsubishi Research Institute, Inc. provides think tank, consulting, and IT services to government agencies, financial institutions, and private companies in Japan. Its service solutions include management consulting, digital innovation, financial...

How the Company Makes Money

MRI primarily earns revenue by delivering fee-based services and solutions to public and private clients. Key revenue streams include: (1) Research and consulting fees: the company conducts commissioned research, policy studies, surveys, economic/...

Read more

MRI primarily earns revenue by delivering fee-based services and solutions to public and private clients. Key revenue streams include: (1) Research and consulting fees: the company conducts commissioned research, policy studies, surveys, economic/...

Mitsubishi Research Institute Financial Statement Overview

Breakdown	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	121.46B	115.36B	122.13B	116.62B	103.03B
Gross Profit	30.26B	27.13B	27.72B	28.07B	24.50B
EBITDA	11.48B	10.81B	12.44B	12.78B	10.47B
Net Income	6.39B	5.00B	6.29B	7.71B	5.01B
Balance Sheet
Total Assets	131.00B	121.90B	120.27B	116.44B	101.57B
Cash, Cash Equivalents and Short-Term Investments	30.31B	30.93B	25.23B	33.16B	29.40B
Total Debt	1.04B	1.11B	2.09B	3.53B	4.93B
Total Liabilities	49.65B	45.52B	45.88B	45.28B	37.73B
Stockholders Equity	71.92B	67.63B	65.80B	63.05B	56.28B
Cash Flow
Free Cash Flow	2.81B	12.18B	3.09B	7.94B	2.30B
Operating Cash Flow	6.42B	13.54B	5.70B	9.26B	3.25B
Investing Cash Flow	-4.00B	-2.91B	-2.41B	-6.65B	-1.97B
Financing Cash Flow	-3.01B	-4.94B	-6.20B	-3.85B	-4.62B

Mitsubishi Research Institute Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4860.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 4736.75, below the 50-day MA of 4895.40, and above the 200-day MA of 4842.93, indicating a bearish trend. The MACD of -77.91 indicates Negative momentum. The RSI at 46.52 is Neutral, neither overbought nor oversold. The STOCH value of 61.25 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3636	77 Outperform	¥73.62B	7.46	―	3.28%	5.28%	28.90%
2317	76 Outperform	¥151.12B	14.81	―	2.30%	13.82%	37.07%
9715	75 Outperform	¥147.46B	9.34	11.52%	2.76%	4.00%	38.72%
9682	66 Neutral	¥166.58B	15.99	18.89%	2.78%	11.90%	60.66%
4725	65 Neutral	¥30.65B	6.28	10.34%	4.82%	-3.03%	38.83%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Mitsubishi Research Institute Corporate Events