Mitsuboshi Belting Ltd. (5192) AI Stock Analysis

• Market Cap: ¥92.81B
• Dividend Yield: 5.36%
• Average Volume (3M): 69.91K
• Price to Earnings (P/E): 10.5
• Beta (1Y): 0.79
• Revenue Growth: 7.73%
• EPS Growth: 27.77%
• Country: JP
• Employees: 4,471
• Sector: Industrials
• Sector Strength: 89
• Industry: Industrial - Machinery
• EPS (TTM): 27.80
• Shares Outstanding: 31,104,198
• 10 Day Avg. Volume: 70,710
• 30 Day Avg. Volume: 69,913
• PEG Ratio: 1.21
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 29.86
• 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: ¥3,887.00
• Price Target Upside: 15.51% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: ¥3,887.00 ▲(15.51%Upside)

Mitsuboshi Belting Ltd.'s strong financial performance and attractive valuation are offset by a bearish technical outlook. The company's financial stability, low leverage, and high dividend yield are significant strengths. However, the current negative market momentum poses a risk, impacting the overall score.

Mitsuboshi Belting Ltd. Business Overview & Revenue Model

Company Description

Mitsuboshi Belting Ltd. is a Japan-based company specializing in the manufacture and sale of industrial belts, automotive belts, and other related products. The company operates in several sectors, including industrial machinery, automotive components, and consumer products, offering a wide range of high-performance belts and components that cater to various industrial applications worldwide.

How the Company Makes Money

Mitsuboshi Belting Ltd. generates revenue primarily through the manufacture and sale of a diverse range of belting products used in various industries. The company's key revenue streams include the automotive sector, where it supplies belts for vehicle engines and systems, and the industrial sector, where it provides belts for machinery and equipment used in manufacturing and other industrial operations. Mitsuboshi Belting also engages in the production of related components and materials, enhancing its product portfolio and market reach. Significant partnerships with automotive manufacturers and industrial machinery companies contribute to its earnings by establishing stable and recurring demand for its products. The company's commitment to innovation and quality ensures its continued competitiveness and ability to capture market opportunities.

Mitsuboshi Belting Ltd. Financial Statement Overview

Summary

Mitsuboshi Belting Ltd. is financially sound, with strong profitability and a low-risk balance sheet. The company demonstrates consistent revenue and profit growth, supported by efficient operations and a strong equity base. Despite a dip in operational cash flow, the overall financial health remains robust, underpinned by significant cash reserves and low leverage.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	88.85B	90.51B	84.01B	82.91B	74.87B	64.86B
Gross Profit	27.20B	28.09B	25.55B	26.57B	23.43B	18.99B
EBITDA	13.30B	17.48B	14.61B	13.13B	11.51B	8.94B
Net Income	10.26B	9.06B	7.10B	7.07B	6.38B	4.07B
Balance Sheet
Total Assets	132.66B	128.16B	135.63B	121.68B	118.96B	108.06B
Cash, Cash Equivalents and Short-Term Investments	31.73B	31.58B	35.85B	35.31B	34.71B	33.77B
Total Debt	5.55B	5.30B	6.30B	8.23B	4.13B	5.03B
Total Liabilities	34.35B	32.37B	37.38B	34.08B	32.09B	29.80B
Stockholders Equity	98.31B	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: Negative
• Last Price: 3365.00
• 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:5192, the sentiment is Negative. The current price of 3365 is below the 20-day moving average (MA) of 3408.50, below the 50-day MA of 3495.40, and below the 200-day MA of 3741.76, indicating a bearish trend. The MACD of -32.40 indicates Negative momentum. The RSI at 40.95 is Neutral, neither overbought nor oversold. The STOCH value of 28.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5192.

Mitsuboshi Belting Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6490	77 Outperform	¥88.90B	10.57		3.78%	-1.05%	-23.08%
6371	75 Outperform	€188.39B	8.44	8.48%	5.24%	4.64%	24.45%
6455	74 Outperform	¥96.16B	9.70		3.13%	17.37%	58.50%
5195	72 Outperform	¥71.28B	48.01		4.48%	6.76%	-76.11%
6486	71 Outperform	¥92.79B	17.57		5.29%	0.68%	-32.97%
Sector *	71 Outperform	¥252.71B	13.12	8.49%	3.08%	6.31%	13.02%
5192	69 Neutral	¥92.81B	10.49		5.36%	7.73%	27.77%

Mitsuboshi Belting Ltd. Corporate Events

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.