Mitsuboshi Belting Ltd. (5192) AI Stock Analysis

• Market Cap: ¥106.34B
• Dividend Yield: 4.68%
• Average Volume (3M): 76.93K
• Price to Earnings (P/E): 15.9
• Beta (1Y): 0.73
• Revenue Growth: 3.99%
• EPS Growth: -28.28%
• Country: JP
• Employees: 4,471
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 64.08
• Shares Outstanding: 31,104,198
• 10 Day Avg. Volume: 61,610
• 30 Day Avg. Volume: 76,926
• PEG Ratio: 0.42
• Price to Book (P/B): 1.10
• Price to Sales (P/S): 1.17
• P/FCF Ratio: 139.40
• 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): 257.85
• Revenue Forecast (FY): ¥91.50B

• Rating: 78 Outperform
• Price Target: ¥4,239.00 ▲(14.41% Upside)

Mitsuboshi Belting Ltd. demonstrates strong financial performance with solid profitability and a low-risk balance sheet. The technical indicators show a positive trend, and the valuation metrics suggest the stock is fairly valued with an attractive dividend yield. The absence of earnings call data and corporate events does not impact the overall score.

Positive Factors

Strong Balance Sheet

A strong balance sheet with minimal leverage and substantial cash reserves provides financial stability and reduces risk, supporting long-term growth.

Revenue Growth

Consistent revenue growth indicates expanding market reach and product demand, enhancing the company's competitive position and future earnings potential.

Profitability

Strong profitability with solid margins reflects efficient operations and pricing power, ensuring sustainable earnings and shareholder value.

Negative Factors

Operational Cash Flow

Declining operational cash flow may strain liquidity and limit investment capacity, necessitating improvements to sustain long-term financial health.

Earnings Volatility

Volatile earnings growth can create uncertainty in financial projections and investor confidence, potentially affecting stock performance and strategic planning.

Cash Generation

Low free cash flow relative to net income suggests limited cash generation, which may impact the company's ability to fund growth initiatives and return capital to shareholders.

Mitsuboshi Belting Ltd. Business Overview & Revenue Model

Company Description

Mitsuboshi Belting Ltd. (5192) is a Japanese company specializing in the manufacturing and distribution of industrial belts and related products. The company operates primarily in the sectors of automotive, manufacturing, and material handling, providing high-quality rubber belts, conveyor belts, and timing belts. Mitsuboshi Belting focuses on innovation and technology to enhance the performance and durability of its products, serving a diverse range of industries globally.

How the Company Makes Money

Mitsuboshi Belting generates revenue through the sale of its various belting products, including rubber belts, conveyor belts, and timing belts, which are essential components in numerous industrial applications. The company's revenue model is primarily based on direct sales to manufacturers and distributors in sectors such as automotive and manufacturing. Key revenue streams include both domestic and international sales, with a significant portion of earnings derived from long-term contracts and partnerships with major automotive and industrial companies. The company also invests in research and development to create advanced products that meet specific industry needs, which can lead to increased sales and market share. Additionally, strategic collaborations and alliances with other firms enhance its distribution capabilities and expand its market presence.

Mitsuboshi Belting Ltd. Financial Statement Overview

Summary

Mitsuboshi Belting Ltd. shows strong financial health with robust profitability and a low-risk balance sheet. The company has consistent revenue and profit growth, supported by efficient operations and a strong equity base. However, there is a need for improvement in operational cash flow.

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	90.39B	90.51B	84.01B	82.91B	74.87B	64.86B
Gross Profit	28.81B	28.09B	25.55B	26.57B	23.43B	18.99B
EBITDA	13.83B	17.48B	14.61B	13.13B	12.65B	9.89B
Net Income	6.69B	9.06B	7.10B	7.07B	6.38B	4.07B
Balance Sheet
Total Assets	125.76B	128.16B	135.63B	121.68B	118.96B	108.06B
Cash, Cash Equivalents and Short-Term Investments	29.02B	31.58B	35.85B	35.31B	34.71B	33.77B
Total Debt	5.05B	5.30B	6.30B	8.23B	4.13B	5.03B
Total Liabilities	31.72B	32.37B	37.38B	34.08B	32.09B	29.80B
Stockholders Equity	94.04B	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: 3705.00
• 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 3705 is below the 20-day moving average (MA) of 3849.25, below the 50-day MA of 3764.10, and above the 200-day MA of 3590.88, indicating a bullish trend. The MACD of 23.64 indicates Positive momentum. The RSI at 54.66 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 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	78 Outperform	¥106.34B	15.86	―	4.68%	3.99%	-28.28%
6455	78 Outperform	¥125.60B	11.72	―	2.25%	12.64%	34.19%
6371	74 Outperform	¥236.35B	10.37	8.83%	3.86%	1.48%	8.86%
5195	71 Outperform	¥84.86B	27.74	―	3.87%	3.68%	-46.19%
6486	69 Neutral	¥137.50B	18.31	―	3.93%	1.70%	18.50%
6490	67 Neutral	¥105.57B	12.27	―	2.71%	-2.46%	-10.72%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Mitsuboshi Belting Ltd. Corporate Events

Mitsuboshi Belting Ltd. Announces Share Buyback Strategy

Mitsuboshi Belting Ltd. has announced the acquisition of 114,500 of its own common shares at a total cost of JPY 431,620,000, as part of a resolution made by its Board of Directors. This strategic move, executed through the Tokyo Stock Exchange, is part of a broader plan to purchase up to 350,000 shares, potentially impacting the company’s market positioning and shareholder value.

Mitsuboshi Belting Ltd. Reports Mixed Financial Results for H1 2025

Mitsuboshi Belting Ltd. reported a slight increase in net sales and operating profit for the six months ending September 30, 2025, compared to the previous year. However, the profit attributable to owners of the parent saw a significant decrease of 36.5%. The company maintains a strong financial position with a high capital adequacy ratio and has not revised its earnings or dividend forecasts for the fiscal year ending March 31, 2026.

Mitsuboshi Belting Ltd. Announces Share Buyback Plan

Mitsuboshi Belting Ltd. has announced a decision to acquire up to 350,000 of its own shares, representing 1.24% of its total issued shares, as part of its financial strategy to maintain a flexible capital policy and enhance shareholder returns. This move, aligned with its ’24 Mid-Term Business Plan, is expected to impact the company’s capital structure and demonstrate its commitment to adapting to changing business environments.