Mitani Sekisan Co., Ltd. (5273) AI Stock Analysis

• Market Cap: ¥98.39B
• Dividend Yield: 1.92%
• Average Volume (3M): 10.54K
• Price to Earnings (P/E): 9.9
• Beta (1Y): 0.98
• Revenue Growth: 12.72%
• EPS Growth: 28.48%
• Country: JP
• Employees: 1,147
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 206.60
• Shares Outstanding: 20,986,599
• 10 Day Avg. Volume: 12,390
• 30 Day Avg. Volume: 10,536
• PEG Ratio: 1.02
• Price to Book (P/B): 1.32
• Price to Sales (P/S): 1.33
• P/FCF Ratio: 13.68
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: ¥7,954.00 ▼(-2.76% Downside)
• Action: Upgraded Date: 02/26/26
• Date: Action: Upgraded 02/26/26

The score is primarily driven by strong financial performance (profitability, stable balance sheet, and healthy cash flow) and supportive valuation (low P/E with a dividend). Technical indicators are mixed, with a negative MACD offsetting otherwise neutral momentum signals, tempering the overall score.

Positive Factors

Profitability & Margins

Mitani reports healthy gross and net margins and robust EBIT/EBITDA margins, indicating efficient cost control and pricing power in its concrete products. Sustained margins support durable earnings, internal reinvestment and dividend capacity across construction cycles.

Strong Balance Sheet

Low leverage and a high equity ratio give the company financial resilience. This reduces refinancing risk, supports bidding for large public works, and preserves flexibility to fund capex or withstand cyclical downturns without eroding shareholder equity.

Robust Cash Generation

Consistent free cash flow growth and strong operating cash conversion mean the business can fund maintenance capex, dividends and selective expansion from operations. Good cash generation reduces dependence on external financing and strengthens long-term capital allocation.

Negative Factors

End-market Cyclicality

Revenue and order flow depend heavily on public infrastructure spending and private construction activity. That makes demand and utilization inherently cyclical, increasing the risk of revenue and margin swings during weaker public budgets or construction slowdowns over the medium term.

Limited Segment & Customer Disclosure

Lack of detail on segment revenues, key customers and pricing structure obscures concentration and pricing risk. This limits the ability to assess dependence on large contracts or regions and complicates forecasting and risk assessment for the coming quarters.

Limited Forward Guidance

Absence of management guidance or earnings-call highlights reduces visibility into near-term order expectations, capex plans and margin outlook. That makes it harder for investors to model performance and assess execution risk across the next several reporting cycles.

Mitani Sekisan Co., Ltd. Business Overview & Revenue Model

Company Description

Mitani Sekisan Co., Ltd. produces and sells concrete products in Japan. The company offers prestressed concrete, PRC, and SC piles, as well as triple plate joints; construction management equipment; coupling pile and F.T. pile construction products; prestressed concrete poles, high, and thin diameter poles; and shake and surf blocks, surf flats and steps, surf flats L types, and tine block S types. It also provides gravel and stones for civil engineering construction, railway tracking and pavement roadbed materials, raw concrete, various concrete secondary products, aggregate of asphalt composite material, and construction materials; solar/pile systems; and VS lateral grooves, L type retaining walls, block holding walls, box culverts, flumes, and H-form PC piles, as well as rents office buildings. In addition, the company engages in the hotel, environmental hygiene, and information related businesses. Mitani Sekisan Co., Ltd. was founded in 1946 and is headquartered in Fukui, Japan.

How the Company Makes Money

Mitani Sekisan primarily makes money by manufacturing and selling concrete products (including precast concrete items) to customers involved in construction and civil engineering projects. Revenue is recognized from product sales tied to demand from public infrastructure works (e.g., roads, waterways, erosion control, and other municipal/prefectural projects) and private-sector construction. Earnings are influenced by construction activity levels, public investment cycles, and the company’s ability to secure orders through contractors and project owners. Specific disclosure on segment-level revenue breakdown, major customers, pricing structure, or material partnerships is not available in the provided context, so details on those items are null.

Mitani Sekisan Co., Ltd. Financial Statement Overview

Summary

Strong overall fundamentals supported by healthy profitability and revenue growth (Income Statement score 85), a solid low-leverage balance sheet with strong equity position (Balance Sheet score 80), and effective cash generation and conversion (Cash Flow score 78).

Income Statement

Mitani Sekisan Co., Ltd. shows strong performance in terms of profitability and revenue growth. Gross profit margin and net profit margin are healthy, indicating efficient cost management. The company saw consistent revenue growth over the years, with the latest year showing a 5.6% increase. EBIT and EBITDA margins are robust, suggesting strong operational efficiency.

Balance Sheet

The balance sheet is solid with a low debt-to-equity ratio, reflecting financial stability and low leverage. The return on equity is impressive, showing effective utilization of equity to generate profits. The equity ratio is strong, indicating a high proportion of assets financed by shareholders' equity, enhancing financial resilience.

Cash Flow

Cash flow management is effective with a positive trend in free cash flow growth, showing the company's capability to generate cash after capital expenditures. The operating cash flow to net income ratio is robust, reflecting healthy cash generation relative to reported earnings. The free cash flow to net income ratio is also strong, indicating good cash conversion.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	92.28B	87.77B	83.12B	86.08B	77.32B	68.91B
Gross Profit	21.73B	20.66B	18.46B	15.76B	13.10B	12.73B
EBITDA	17.72B	16.78B	14.61B	12.50B	10.12B	10.01B
Net Income	10.78B	10.18B	9.25B	8.20B	5.32B	5.38B
Balance Sheet
Total Assets	130.51B	125.23B	120.36B	105.03B	103.61B	97.96B
Cash, Cash Equivalents and Short-Term Investments	44.62B	44.16B	41.66B	38.72B	36.95B	36.39B
Total Debt	169.00M	921.00M	675.00M	552.00M	617.00M	877.00M
Total Liabilities	37.36B	34.69B	35.62B	33.52B	35.03B	29.37B
Stockholders Equity	91.16B	88.58B	82.98B	69.88B	67.03B	67.11B
Cash Flow
Free Cash Flow	0.00	8.53B	5.34B	7.41B	7.51B	6.67B
Operating Cash Flow	0.00	13.37B	8.69B	9.76B	9.30B	8.90B
Investing Cash Flow	0.00	-5.35B	-3.83B	-7.01B	-2.16B	-2.82B
Financing Cash Flow	0.00	-5.62B	-2.24B	-1.24B	-6.79B	-1.63B

Mitani Sekisan Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8180.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5273, the sentiment is Negative. The current price of 8180 is above the 20-day moving average (MA) of 7411.00, above the 50-day MA of 7647.60, and above the 200-day MA of 8012.12, indicating a bearish trend. The MACD of -148.61 indicates Positive momentum. The RSI at 42.19 is Neutral, neither overbought nor oversold. The STOCH value of 50.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5273.

Mitani Sekisan Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7971	79 Outperform	¥36.62B	7.75	―	3.59%	6.91%	13.17%
7949	77 Outperform	¥46.91B	14.35	―	3.74%	3.70%	12.26%
5273	75 Outperform	¥98.39B	9.90	―	1.92%	12.72%	28.48%
7943	66 Neutral	¥104.70B	13.03	―	3.53%	-0.58%	-46.15%
5930	66 Neutral	¥126.22B	10.42	12.89%	3.40%	2.98%	41.11%
5262	64 Neutral	¥62.87B	20.20	―	1.49%	-8.92%	1.67%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%