Mitsuboshi Belting Ltd. (5192) AI Stock Analysis

• Market Cap: ¥103.72B
• Dividend Yield: 4.79%
• Average Volume (3M): 66.85K
• Price to Earnings (P/E): 15.9
• Beta (1Y): 0.77
• Revenue Growth: 5.22%
• EPS Growth: -28.13%
• Country: JP
• Employees: 4,471
• Sector: Industrials
• Sector Strength: 75
• Industry: Industrial - Machinery
• EPS (TTM): 73.37
• Shares Outstanding: 31,104,198
• 10 Day Avg. Volume: 56,240
• 30 Day Avg. Volume: 66,850
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥4,111.00
• Price Target Upside: 8.90% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 80 Outperform
• Price Target: ¥4,111.00 ▲(8.90% Upside)

Mitsuboshi Belting Ltd. benefits from strong financials and attractive valuation metrics, which contribute positively to its stock score. The technical analysis suggests bullish momentum, although caution is advised due to overbought signals. The absence of earnings call and corporate events data means these factors do not influence the score.

Mitsuboshi Belting Ltd. Business Overview & Revenue Model

Company Description

Mitsuboshi Belting Ltd. is a leading Japanese manufacturer specializing in industrial rubber and plastic products. The company is renowned for its high-quality power transmission belts, which are used across various sectors including automotive, industrial machinery, and office automation equipment. With a strong emphasis on innovation and quality, Mitsuboshi Belting Ltd. has established itself as a key player in the global market, providing reliable solutions that enhance the efficiency and performance of mechanical systems.

How the Company Makes Money

Mitsuboshi Belting Ltd. generates revenue primarily through the sale of its power transmission belts and related products. The company's key revenue streams include the automotive sector, where its belts are used in engines and other vehicle systems, and the industrial machinery sector, where its products are integral to the operation of various equipment. Mitsuboshi Belting Ltd. also serves the office automation sector, providing belts for printers and copiers. The company benefits from strong relationships with major manufacturers and distributors, which facilitate its global sales. Additionally, Mitsuboshi Belting Ltd. invests in research and development to innovate and expand its product offerings, thereby driving further revenue growth.

Mitsuboshi Belting Ltd. Financial Statement Overview

Summary

Mitsuboshi Belting Ltd. shows strong profitability with a solid revenue growth rate and high margins. The balance sheet is robust with minimal leverage and a strong equity base. Cash flow is adequate but shows a need for improvement in operational cash generation.

Income Statement

Mitsuboshi Belting Ltd. demonstrates strong revenue growth with a consistent upward trajectory, reflected in a revenue growth rate of 7.74% from 2024 to 2025. The gross profit margin is solid at 31.04%, and the net profit margin stands at an impressive 10.01% for 2025, indicating strong profitability. The EBIT margin of 9.86% and EBITDA margin of 19.31% show efficient operational performance. Overall, the company exhibits stability and profitability with minor fluctuations in EBIT over the years.

Balance Sheet

The company's balance sheet is robust, with a low debt-to-equity ratio of 0.06, indicating minimal leverage. The equity ratio is strong at 74.73%, reflecting a solid equity base. Return on equity is healthy at 9.46% for 2025, showcasing effective use of equity to generate profits. The balance sheet reflects financial stability and low risk with substantial cash reserves and minimal debt obligations.

Cash Flow

Cash flow from operations declined in 2025, which poses a potential concern. However, free cash flow remains positive, with a free cash flow to net income ratio of 0.08, indicating adequate cash generation relative to profits. The operating cash flow to net income ratio is 0.86, suggesting that cash flow covers net income but highlights the need for improvement. Overall, while cash flow is sufficient, the trend indicates a need to enhance operational cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	90.51B	90.51B	84.01B	82.91B	74.87B	64.86B
Gross Profit	28.09B	28.09B	25.55B	26.57B	23.43B	18.99B
EBITDA	12.79B	17.48B	14.61B	13.13B	12.65B	9.89B
Net Income	9.06B	9.06B	7.10B	7.07B	6.38B	4.07B
Balance Sheet
Total Assets	128.16B	128.16B	135.63B	121.68B	118.96B	108.06B
Cash, Cash Equivalents and Short-Term Investments	31.58B	31.58B	35.85B	35.31B	34.71B	33.77B
Total Debt	5.30B	5.30B	6.30B	8.23B	4.13B	5.03B
Total Liabilities	32.37B	32.37B	37.38B	34.08B	32.09B	29.80B
Stockholders Equity	95.79B	95.79B	98.25B	87.60B	86.88B	78.26B
Cash Flow
Free Cash Flow	0.00	758.00M	6.88B	3.74B	2.99B	4.89B
Operating Cash Flow	0.00	7.75B	11.93B	9.34B	9.04B	8.61B
Investing Cash Flow	0.00	-3.62B	-2.67B	-7.00B	-7.38B	-3.07B
Financing Cash Flow	0.00	-8.24B	-9.47B	-3.74B	-3.25B	-4.10B

Mitsuboshi Belting Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3775.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5192, the sentiment is Positive. The current price of 3775 is above the 20-day moving average (MA) of 3710.75, above the 50-day MA of 3561.10, and above the 200-day MA of 3696.04, indicating a bullish trend. The MACD of 48.76 indicates Positive momentum. The RSI at 67.18 is Neutral, neither overbought nor oversold. The STOCH value of 75.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5192.

Mitsuboshi Belting Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5192	80 Outperform	¥103.72B	15.85		4.79%	5.22%	-28.13%
6490	77 Outperform	¥95.29B	11.30		3.13%	-0.98%	-18.48%
Sector *	64 Neutral	$10.66B	15.60	8.14%	2.00%	2.79%	-14.82%
TSB	―	€1.34B	10.36	8.30%	―	―	―
6486	74 Outperform	¥126.54B	22.24		3.76%	>-0.01%	-26.82%
6455	73 Outperform	¥102.18B	10.95		2.53%	12.25%	32.16%
5195	62 Neutral	¥83.98B	38.07		3.78%	3.85%	-63.62%

Mitsuboshi Belting Ltd. Corporate Events

Mitsuboshi Belting Completes Treasury Stock Disposal for Compensation

Mitsuboshi Belting Ltd. has completed the payment procedures for the disposal of its treasury stock as restricted stock compensation, a decision made by the Board of Directors on June 27, 2025. This move involves the disposal of 26,772 shares of common stock at a price of JPY 3,410 per share, amounting to a total value of JPY 91,292,520, and is aimed at compensating directors and executive officers, potentially impacting the company’s financial management and stakeholder interests.

Mitsuboshi Belting Ltd. Announces Treasury Stock Disposal for Executive Incentives

Mitsuboshi Belting Ltd. has announced its decision to dispose of treasury stock as part of a restricted stock compensation plan aimed at aligning the interests of its directors and executive officers with those of its shareholders. This move is intended to incentivize the company’s leadership to enhance corporate value and stock price, with a total of 26,772 shares being allocated to select directors and executive officers. The plan includes specific conditions for stock transfer restrictions and management, ensuring that the interests of stakeholders are safeguarded while motivating company leaders to contribute to the company’s mid-term business objectives.

Mitsuboshi Belting Ltd. Reports Financial Results and Adjusts Dividend Strategy

Mitsuboshi Belting Ltd. reported its consolidated financial results for the fiscal year ended March 31, 2025, showing a 7.7% increase in net sales to ¥90,510 million. Despite a rise in operating profit by 15.1%, ordinary profit decreased by 4.7% to ¥9,154 million. The company also announced a reduction in annual dividends per share from ¥250.00 to ¥186.00, reflecting a strategic adjustment in its financial management. The forecast for the fiscal year ending March 31, 2026, indicates a slight decline in net sales and profits, suggesting a cautious outlook amidst changing market conditions.

Mitsuboshi Belting Ltd. Announces Increased Dividend Payout

Mitsuboshi Belting Ltd. announced a resolution to distribute dividends of surplus, with a record date of March 31, 2025, and a dividend per share set at 96 yen, marking an increase from the previously announced 90 yen. This decision aligns with the company’s medium-term business plan to enhance shareholder returns and reflects a comprehensive assessment of its performance and financial condition.