Mitsuboshi Belting Ltd. (5192) AI Stock Analysis

• Market Cap: ¥97.50B
• Dividend Yield: 5.27%
• Average Volume (3M): 47.77K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 0.81
• Revenue Growth: 7.73%
• EPS Growth: 27.91%
• Country: JP
• Employees: 4,471
• Sector: Industrials
• Sector Strength: 92
• Industry: Industrial - Machinery
• EPS (TTM): 27.80
• Shares Outstanding: 31,104,198
• 10 Day Avg. Volume: 64,030
• 30 Day Avg. Volume: 47,766
• PEG Ratio: 1.44
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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

• Rating: 69 Neutral
• Price Target: ¥3,898.00 ▲(9.49%Upside)

Mitsuboshi Belting Ltd. receives a score of 69, driven primarily by strong financial performance and attractive valuation. The company's robust balance sheet and high dividend yield are significant strengths. However, the overall score is moderated by mixed technical indicators, which suggest potential short-term bearish momentum. Continued focus on improving operational cash flow could enhance the financial outlook.

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. presents a strong financial profile with robust income statement performance and a solid balance sheet. The company exhibits excellent profitability and growth, supported by effective cost management and a low-leverage financial structure. However, cash flow analysis highlights the need for better management to achieve sustainable free cash flow growth. Overall, the company is well-positioned but should focus on enhancing cash flow consistency to strengthen its financial resilience.

Income Statement

Mitsuboshi Belting Ltd. shows strong financial performance with a consistent growth trajectory. The TTM revenue growth rate is approximately 5.8%, indicating healthy business expansion. The gross profit margin for TTM is around 30.6%, which is solid for the industry. The net profit margin has improved significantly from 8.4% in 2023 to 11.5% in TTM, showcasing enhanced profitability. The EBIT and EBITDA margins also reflect effective cost management, with TTM margins at 9.1% and 14.2% respectively. Overall, the company's profitability metrics are robust, suggesting strong operational efficiency.

Balance Sheet

The company's balance sheet is characterized by a strong equity position and low leverage. The debt-to-equity ratio is very low at 0.06 in TTM, reflecting minimal reliance on debt financing. The return on equity (ROE) is impressive at 10.4% for TTM, indicating efficient use of equity capital. The equity ratio stands at a healthy 74.1%, signifying a stable financial structure with significant shareholder equity. Overall, the balance sheet is solid, with high equity, low debt, and strong returns on equity.

Cash Flow

Cash flow analysis reveals some areas of concern with respect to free cash flow generation. The operating cash flow in the last annual report was positive, but the absence of updated TTM cash flow figures limits conclusive analysis. The free cash flow growth has been inconsistent, with a significant decline in the most recent annual report. The operating cash flow to net income and free cash flow to net income ratios cannot be assessed for TTM due to missing data, but past figures indicate potential volatility. Overall, cash flow management needs improvement to ensure consistent free cash flow generation.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
88.85B	84.01B	82.91B	74.87B	64.86B	71.05B
	Gross Profit
27.20B	24.55B	26.57B	23.43B	18.99B	21.84B
	EBIT
8.06B	7.76B	9.03B	7.64B	4.97B	7.30B
	EBITDA
12.59B	14.63B	13.13B	11.51B	8.94B	10.62B
	Net Income Common Stockholders
10.26B	7.10B	7.07B	6.38B	4.07B	5.46B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
31.73B	35.85B	35.31B	34.71B	33.77B	31.36B
	Total Assets
132.66B	135.63B	121.68B	118.96B	108.06B	101.15B
	Total Debt
5.55B	6.30B	8.23B	4.13B	5.03B	7.22B
	Net Debt
-26.18B	-29.55B	-27.08B	-30.58B	-28.75B	-24.14B
	Total Liabilities
34.35B	37.38B	34.08B	32.09B	29.80B	29.20B
	Stockholders Equity
98.31B	98.25B	87.60B	86.88B	78.26B	71.95B
Cash Flow		Free Cash Flow
0.00	6.88B	3.74B	2.99B	4.89B	3.55B
	Operating Cash Flow
0.00	11.93B	9.34B	9.04B	8.61B	7.91B
	Investing Cash Flow
0.00	-2.67B	-7.00B	-7.38B	-3.07B	-349.00M
	Financing Cash Flow
0.00	-9.47B	-3.74B	-3.25B	-4.10B	-6.21B

Mitsuboshi Belting Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3560.00
• 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 3560 is below the 20-day moving average (MA) of 3565.25, below the 50-day MA of 3608.40, and below the 200-day MA of 3819.31, indicating a bearish trend. The MACD of -10.02 indicates Negative momentum. The RSI at 49.79 is Neutral, neither overbought nor oversold. The STOCH value of 26.24 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
6371	81 Outperform	€189.33B	8.48	8.48%	4.53%	4.64%	24.27%
6490	80 Outperform	¥89.26B	10.61		3.35%	-1.05%	-23.08%
6455	74 Outperform	¥95.43B	9.63		2.75%	17.37%	58.50%
6486	71 Outperform	¥92.06B	17.43		5.38%	0.68%	-32.89%
5192	69 Neutral	¥97.50B	11.02		5.27%	7.73%	27.91%
5195	66 Neutral	¥67.33B	45.35		4.80%	6.76%	-75.24%
Sector *	65 Neutral	$4.41B	12.06	5.22%	249.80%	4.09%	-12.16%

Mitsuboshi Belting Ltd. Corporate Events

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.