Mitsuboshi Belting Ltd. (JP:5192)
:5192
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Mitsuboshi Belting Ltd.
(5192)
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Rating:71Outperform
Price Target:
¥4,304.00
▲(16.17% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by strong financial stability (very low leverage) and supportive valuation (moderate P/E with a high dividend yield). These positives are partially offset by weaker near-term technicals and the key financial risk of inconsistent free cash flow conversion and recent margin compression.
Positive Factors
Balance Sheet Health
Very low leverage and ample equity give Mitsuboshi durable financial flexibility. Minimal debt reduces interest burden, supports capital spending and dividends, and improves resilience through industrial cycles, preserving strategic optionality for the next several quarters.
Negative Factors
Free Cash Flow Volatility
Free cash flow has been inconsistent and low relative to earnings, constraining funding flexibility. Uneven FCF conversion limits reliable financing for capex, dividends or strategic investments, and raises execution risk in maintaining operations and growth initiatives over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Health
Very low leverage and ample equity give Mitsuboshi durable financial flexibility. Minimal debt reduces interest burden, supports capital spending and dividends, and improves resilience through industrial cycles, preserving strategic optionality for the next several quarters.
Read all positive factors
Mitsuboshi Belting Ltd. (5192) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥108.41B
Dividend Yield4.64%
Average Volume (3M)73.69K
Price to Earnings (P/E)15.5
Beta (1Y)0.79
Revenue Growth1.98%
EPS Growth-17.68%
CountryJP
Employees4,471
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)236.76
Shares Outstanding31,104,198
10 Day Avg. Volume62,800
30 Day Avg. Volume73,690
Financial Highlights & Ratios
PEG Ratio-0.84
Price to Book (P/B)1.09
Price to Sales (P/S)1.20
P/FCF Ratio43.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)249.15
Revenue Forecast (FY)¥94.50B
Mitsuboshi Belting Ltd. Business Overview & Revenue Model
Company Description
Mitsuboshi Belting Ltd. manufactures and sells industrial belts, waterproofing and water shielding sheets, and engineering plastics and structural foams in Japan and internationally. The company offers automobile and motorcycle transmission belts ...
How the Company Makes Money
Mitsuboshi Belting makes money primarily by manufacturing and selling belting and related industrial components to OEMs (equipment manufacturers) and to the aftermarket through distributors and industrial supply channels. Its core revenue stream i...
Mitsuboshi Belting Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 90.39B | 92.30B | 90.51B | 84.01B | 82.91B | 74.87B |
| Gross Profit | 28.81B | 28.12B | 28.09B | 25.55B | 26.57B | 23.43B |
| EBITDA | 13.83B | 13.28B | 17.48B | 14.61B | 13.13B | 12.65B |
| Net Income | 6.69B | 7.39B | 9.06B | 7.10B | 7.07B | 6.38B |
Balance Sheet | ||||||
| Total Assets | 125.76B | 129.88B | 128.16B | 135.63B | 121.68B | 118.96B |
| Cash, Cash Equivalents and Short-Term Investments | 29.02B | 27.76B | 31.58B | 35.85B | 35.31B | 34.71B |
| Total Debt | 5.05B | 2.00B | 5.67B | 6.42B | 8.94B | 4.74B |
| Total Liabilities | 31.72B | 28.26B | 32.37B | 37.38B | 34.08B | 32.08B |
| Stockholders Equity | 94.04B | 101.62B | 95.79B | 98.25B | 87.60B | 86.88B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.54B | 758.00M | 6.88B | 3.74B | 2.99B |
| Operating Cash Flow | 0.00 | 10.31B | 7.75B | 11.93B | 9.34B | 9.04B |
| Investing Cash Flow | 0.00 | -7.05B | -3.62B | -2.67B | -7.00B | -7.38B |
| Financing Cash Flow | 0.00 | -9.36B | -8.24B | -9.47B | -3.74B | -3.25B |
Mitsuboshi Belting Ltd. Technical Analysis
Negative
3705.00
Price Trends
3981.19
Negative
3979.08
Negative
3795.07
Positive
Market Momentum
-15.39
Positive
46.45
Neutral
26.97
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 3705 is below the 20-day moving average (MA) of 3954.50, below the 50-day MA of 3981.19, and below the 200-day MA of 3795.07, indicating a neutral trend. The MACD of -15.39 indicates Positive momentum. The RSI at 46.45 is Neutral, neither overbought nor oversold. The STOCH value of 26.97 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥282.74B | 7.78 | 8.91% | 3.85% | 5.98% | 39.06% | |
78 Outperform | ¥90.29B | 7.87 | ― | 3.82% | 3.17% | 654.02% | |
76 Outperform | ¥93.70B | 0.96 | ― | 1.43% | 8.02% | 1762.59% | |
71 Outperform | ¥108.41B | 15.48 | ― | 4.64% | 1.98% | -17.68% | |
66 Neutral | ¥30.11B | 14.14 | ― | 2.13% | 0.12% | 59.33% | |
65 Neutral | ¥152.28B | 13.13 | ― | 3.47% | 4.99% | 20.74% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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Mitsuboshi Belting Ltd. Corporate Events
Mitsuboshi Belting Lifts Dividend as Profit Dips but Sales Rise in FY2026
May 14, 2026
Mitsuboshi Belting reported fiscal year 2026 consolidated net sales of ¥92.3 billion, up 2.0% year on year, with operating profit edging down 2.8% to ¥8.7 billion and profit attributable to owners of parent sliding 18.4% to ¥7.4 bil...
Mitsuboshi Belting Raises Year-End Dividend, Lifts Annual Payout to ¥191
May 14, 2026
Mitsuboshi Belting Ltd. has approved a year-end dividend of ¥101 per share for the fiscal year ended March 31, 2026, up from the prior forecast and previous year’s ¥96, bringing the total annual dividend to ¥191. The payout, d...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.