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MEC Company Ltd.
(4971)
MEC Company Ltd. (4971) vs. iShares MSCI Japan ETF (EWJ)
MEC Company Ltd. Business Overview & Revenue Model
MEC Company Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.74B | 20.95B | 18.23B | 14.02B | 16.33B | 15.04B |
| Gross Profit | 11.52B | 12.98B | 11.10B | 8.32B | 9.80B | 9.32B |
| EBITDA | 5.33B | 6.57B | 5.49B | 3.99B | 4.98B | 4.84B |
| Net Income | 2.29B | 5.03B | 2.29B | 2.30B | 3.06B | 2.95B |
Balance Sheet | ||||||
| Total Assets | 32.88B | 36.42B | 33.04B | 28.67B | 27.50B | 25.31B |
| Cash, Cash Equivalents and Short-Term Investments | 8.87B | 10.35B | 11.48B | 8.76B | 9.44B | 7.15B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 5.48B | 5.95B | 6.14B | 3.89B | 4.17B | 4.38B |
| Stockholders Equity | 27.39B | 30.47B | 26.90B | 24.78B | 23.33B | 20.93B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.24B | 3.44B | 58.91M | 3.21B | 2.31B |
| Operating Cash Flow | 0.00 | 3.98B | 4.20B | 1.94B | 3.81B | 3.01B |
| Investing Cash Flow | 0.00 | -3.39B | 51.60M | -1.40B | -939.36M | -1.12B |
| Financing Cash Flow | 0.00 | -2.25B | -873.09M | -1.77B | -800.47M | -916.11M |
MEC Company Ltd. Technical Analysis
MEC Company Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥130.08B | 25.83 | ― | 0.93% | 10.27% | -5.66% | |
77 Outperform | ¥131.48B | 9.90 | 9.50% | 3.33% | -17.97% | ― | |
77 Outperform | ¥134.02B | 11.39 | ― | 3.72% | 5.40% | 14.80% | |
76 Outperform | ¥90.80B | 12.64 | ― | 3.04% | 1.57% | -33.97% | |
76 Outperform | ¥90.44B | 11.01 | ― | 3.02% | 1.66% | 11.28% | |
74 Outperform | ¥174.29B | 14.96 | 6.87% | 1.11% | 2.88% | 16.60% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
MEC Company Ltd. Corporate Events
MEC Company Ltd. has resolved to increase its year-end dividend for the fiscal year ended December 31, 2025, raising the payout to 71 yen per share from the previously forecast 60 yen, with total dividend payments rising to 1,305 million yen and an effective payment date of March 4, 2026. The decision follows an improvement in full-year net income versus earlier forecasts, and aligns with the company’s capital policy of maintaining at least a 35% consolidated payout ratio and 4.0% dividend-on-equity, while balancing shareholder returns with reinvestment to strengthen its position in a rapidly digitalizing market.
The most recent analyst rating on (JP:4971) stock is a Hold with a Yen6373.00 price target. To see the full list of analyst forecasts on MEC Company Ltd. stock, see the JP:4971 Stock Forecast page.
MEC Company Ltd. has updated the numerical targets in its 2030 Vision Phase 2 Medium-Term Management Plan for 2025–2027, keeping its 2027 consolidated sales goal at ¥25 billion but shifting more weight to its core business and reducing expectations for its application and expansion segment. The company cites stronger-than-expected demand for semiconductor package substrates linked to generative AI, alongside possible delays in launching new technologies in adjacent fields.
The group now forecasts a higher consolidated operating margin range of 26%–30% for 2027, up from a minimum 20% previously, while maintaining a robust return on equity target of 13%–16%. Management notes that initial costs and depreciation from a new production base in Kitakyushu, scheduled to start operations in December 2026, will weigh on earnings, but stresses that the revisions refine quantitative goals without altering the underlying strategic policy.
The most recent analyst rating on (JP:4971) stock is a Hold with a Yen6373.00 price target. To see the full list of analyst forecasts on MEC Company Ltd. stock, see the JP:4971 Stock Forecast page.
MEC Company Ltd., a specialty chemicals manufacturer, reported solid growth in its key product lines for the fiscal year ended December 2025, led by strong demand for its CZ chemicals and steady performance from EXE and V-Bond products, despite a significant decline in SF sales. The company’s overall sales rose 14.9% to 20,947 million yen and operating income climbed 26.0% to 5,748 million yen, supported by a 13.4% increase in chemical shipment volumes and a modest positive impact from foreign exchange, underscoring stronger operating leverage and an improved earnings profile.
Within its chemicals segment, sales increased 15.6% to 20,211 million yen on the back of higher shipments totaling 47,717 tons, indicating broad-based volume expansion across core offerings. While currency tailwinds contributed 134 million yen to sales and 67 million yen to operating income, the figures suggest that underlying demand, particularly for CZ products, was the main driver of performance and may enhance MEC’s competitive position in its target markets if sustained.
The most recent analyst rating on (JP:4971) stock is a Hold with a Yen6373.00 price target. To see the full list of analyst forecasts on MEC Company Ltd. stock, see the JP:4971 Stock Forecast page.
MEC Company Ltd. reported strong consolidated results for the fiscal year ended December 31, 2025, with net sales rising 14.9% to ¥20.95 billion and profit attributable to owners of parent more than doubling to ¥5.03 billion, driving basic earnings per share up to ¥272.14. The company strengthened its balance sheet with higher net assets and an equity ratio of 83.7%, while cash dividends were sharply increased to ¥96 per share for 2025 and maintained at the same level in the 2026 forecast, even as projected full-year profit is expected to decline 8.5%, signaling a focus on continued shareholder returns amid more moderate growth expectations.
Operating income and ordinary income climbed 26.0% and 29.2% respectively, reflecting improved profitability and efficiency, though operating cash flow fell slightly and cash on hand decreased due to higher investing and financing outflows. MEC also removed MEC (Hong Kong) Ltd. from the consolidation scope and adopted revised accounting standards, while non-consolidated results showed particularly strong profit growth, underscoring solid core business performance ahead of a year in which management anticipates slower earnings momentum but ongoing investment and a stable dividend policy.
The most recent analyst rating on (JP:4971) stock is a Hold with a Yen6373.00 price target. To see the full list of analyst forecasts on MEC Company Ltd. stock, see the JP:4971 Stock Forecast page.
MEC Company Ltd. has announced that its board has approved an increased year-end dividend of 71 yen per share for the fiscal year ended December 31, 2025, up from the previously forecast 60 yen and significantly higher than the prior year’s 25 yen. The total payout will be 1,305 million yen, funded from retained earnings, with an effective payment date of March 4, 2026.
Management said the higher dividend reflects an increase in net income versus the earlier full-year forecast and aligns with its capital policy targeting a consolidated payout ratio of at least 35 percent and a DOE of 4.0 percent or more. The move underscores MEC’s intent to balance sustained growth investment in a rapidly digitalizing market with enhanced shareholder returns, signaling confidence in its earnings power and financial position.
The most recent analyst rating on (JP:4971) stock is a Hold with a Yen6373.00 price target. To see the full list of analyst forecasts on MEC Company Ltd. stock, see the JP:4971 Stock Forecast page.
MEC Company Ltd. has updated the numerical targets in its 2030 Vision Phase 2 Medium-Term Management Plan for 2025–2027, keeping consolidated sales for 2027 at 25 billion yen but shifting the mix toward stronger core business revenues and lower expectations for application and expansion fields. The revision reflects higher-than-expected demand for semiconductor package substrate-related products driven by generative AI, alongside potential delays in launching new technologies in emerging application areas.
The company now forecasts a higher consolidated operating margin range of 26–30% for 2027 and an ROE target of 13–16%, both above the original minimum thresholds, even as it factors in initial costs and depreciation from a new production base in Kitakyushu slated to start operations in December 2026. Management emphasized that the changes adjust only numerical goals within the existing strategy, underscoring confidence in demand for high value-added products while signaling near-term cost pressures and a more conservative timeline for monetizing new fields.
The most recent analyst rating on (JP:4971) stock is a Hold with a Yen6373.00 price target. To see the full list of analyst forecasts on MEC Company Ltd. stock, see the JP:4971 Stock Forecast page.
MEC Company Ltd. reported strong results for the fiscal year ending December 2025, with sales rising 14.9% year on year to 20,947 million yen and operating income climbing 26.0% to 5,748 million yen. Chemical segment sales grew 15.6% to 20,211 million yen on a 13.4% increase in shipments to 47,717 tons, led by robust growth in its core CZ product line and supported by a favorable exchange rate impact on both sales and profits, partially offset by a sharp decline in SF product sales.
Major product trends were mixed, with CZ sales up 19.8%, EXE up 4.9%, and V-Bond up 1.1%, while SF fell 30.5%, indicating a shift in product demand within the portfolio. The positive currency tailwind added 134 million yen to sales and 67 million yen to operating income, underscoring the company’s leverage to international markets and signaling improved profitability and competitive positioning for key product lines despite weakness in certain segments.
The most recent analyst rating on (JP:4971) stock is a Hold with a Yen6373.00 price target. To see the full list of analyst forecasts on MEC Company Ltd. stock, see the JP:4971 Stock Forecast page.
MEC Company Ltd. reported consolidated net sales of ¥20.9 billion for the year ended December 31, 2025, up 14.9% year on year, with operating income rising 26.0% to ¥5.7 billion and profit attributable to owners of parent more than doubling to ¥5.0 billion. Profitability improved as return on equity climbed to 17.5%, the equity ratio strengthened to 83.7%, and net assets per share increased, underscoring a solid balance sheet.
Operating cash flow remained positive at ¥4.0 billion, while higher investing and financing outflows reduced cash and cash equivalents to ¥8.7 billion at year-end. The company sharply increased its annual dividend from ¥45 to ¥96 per share in FY2025 and plans to maintain the same level in FY2026, signaling confidence in earnings sustainability despite forecasting only mid-single-digit sales growth and a year-on-year decline in full-year net income.
MEC also reported the exclusion of MEC (HONG KONG) LTD. from its scope of consolidation and adopted certain revised accounting standards, though core performance momentum remained strong. Non-consolidated results showed double-digit growth in net sales and a near 65% surge in net income, further supporting the company’s decision to raise shareholder returns while preserving a robust capital base.
The most recent analyst rating on (JP:4971) stock is a Hold with a Yen6373.00 price target. To see the full list of analyst forecasts on MEC Company Ltd. stock, see the JP:4971 Stock Forecast page.
MEC Company Ltd. announced a series of transfers among its Operating Officers, effective January 1, 2026, as part of its strategic realignment. These changes are expected to enhance the company’s operational efficiency and strengthen its global sales and marketing efforts, potentially impacting its market position positively.