Yotai Refractories Co., Ltd. (JP:5357)
:5357
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Yotai Refractories Co., Ltd.
(5357)
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Rating:71Outperform
Price Target:
¥1,898.00
▲(4.80% Upside)
Action:Reiterated
Date:05/16/26
The score is primarily supported by strong financial quality and low balance-sheet risk, plus an attractive dividend yield at a moderate P/E. Offsetting this are inconsistent cash-flow conversion and a mixed technical picture with negative MACD and the price below key longer-term moving averages.
Positive Factors
Conservative balance sheet
Very low debt and rising equity provide durable financial flexibility, lowering bankruptcy risk and enabling steady capital allocation. This conservatism supports long-term operations, funds maintenance capex and relining cycles, and cushions the company during industry downturns.
Negative Factors
Inconsistent cash conversion
Weak and variable cash conversion undermines the reliability of reported profits and limits internal funding capacity. If operating cash persistently lags net income, the company may struggle to fund relines, R&D or dividends without drawing on reserves or external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low debt and rising equity provide durable financial flexibility, lowering bankruptcy risk and enabling steady capital allocation. This conservatism supports long-term operations, funds maintenance capex and relining cycles, and cushions the company during industry downturns.
Read all positive factors
Yotai Refractories Co., Ltd. (5357) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥24.96B
Dividend Yield5.04%
Average Volume (3M)44.03K
Price to Earnings (P/E)13.5
Beta (1Y)0.52
Revenue Growth0.95%
EPS Growth-5.24%
CountryJP
Employees531
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)117.16
Shares Outstanding19,594,000
10 Day Avg. Volume37,950
30 Day Avg. Volume44,033
Financial Highlights & Ratios
PEG Ratio-2.61
Price to Book (P/B)0.97
Price to Sales (P/S)1.13
P/FCF Ratio31.37
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)N/A
Revenue Forecast (FY)N/A
Yotai Refractories Co., Ltd. Business Overview & Revenue Model
Company Description
Yotai Refractories Co., Ltd. manufactures and sells refractories and ceramics in Japan. The company also provides engineering services related to refractories business. Its refractories are used in steel, chemical, cement, non-ferrous metal, glass...
How the Company Makes Money
Yotai Refractories makes money primarily by selling refractory materials and related furnace-lining solutions to industrial customers that operate high-temperature equipment. Key revenue streams typically include: (1) Product sales of shaped refra...
Yotai Refractories Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.68B | 29.59B | 29.31B | 29.13B | 28.25B | 25.91B |
| Gross Profit | 5.96B | 6.37B | 6.19B | 6.13B | 6.35B | 6.30B |
| EBITDA | 4.60B | 5.02B | 4.87B | 4.79B | 5.06B | 4.96B |
| Net Income | 2.16B | 2.47B | 2.62B | 3.88B | 2.97B | 2.97B |
Balance Sheet | ||||||
| Total Assets | 40.40B | 42.23B | 42.08B | 43.29B | 40.28B | 39.25B |
| Cash, Cash Equivalents and Short-Term Investments | 4.94B | 5.75B | 6.41B | 6.46B | 5.84B | 8.54B |
| Total Debt | 560.04M | 28.37M | 356.96M | 219.26M | 268.68M | 46.80M |
| Total Liabilities | 8.07B | 7.81B | 9.13B | 10.76B | 9.21B | 9.14B |
| Stockholders Equity | 32.32B | 34.43B | 32.95B | 32.53B | 31.07B | 30.11B |
Cash Flow | ||||||
| Free Cash Flow | 142.88M | 1.06B | 2.12B | 1.90B | -164.90M | -717.66M |
| Operating Cash Flow | 766.25M | 2.50B | 4.43B | 3.86B | 1.78B | 421.63M |
| Investing Cash Flow | -642.89M | -1.49B | -2.25B | -754.50M | -1.95B | -1.21B |
| Financing Cash Flow | -420.47M | -1.69B | -2.26B | -2.54B | -2.54B | -2.11B |
Yotai Refractories Co., Ltd. Technical Analysis
Negative
1811.00
Price Trends
1759.12
Negative
1793.70
Negative
1734.51
Negative
Market Momentum
-22.13
Negative
44.02
Neutral
36.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5357, the sentiment is Negative. The current price of 1811 is above the 20-day moving average (MA) of 1689.60, above the 50-day MA of 1759.12, and above the 200-day MA of 1734.51, indicating a bearish trend. The MACD of -22.13 indicates Negative momentum. The RSI at 44.02 is Neutral, neither overbought nor oversold. The STOCH value of 36.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5357.
Yotai Refractories Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥16.08B | 8.10 | ― | 3.47% | 8.71% | 24.73% | |
72 Outperform | ¥12.40B | 7.74 | ― | 3.42% | 7.28% | 2.67% | |
71 Outperform | ¥24.96B | 13.49 | ― | 5.04% | 0.95% | -5.24% | |
66 Neutral | ¥157.14B | 10.88 | 6.98% | 3.13% | 1.92% | 27.95% | |
65 Neutral | ¥466.78B | 15.36 | 7.93% | 2.32% | 0.24% | -54.29% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:5357
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Yotai Refractories Co., Ltd. Corporate Events
Yotai Refractories Creates CLO Role to Strengthen Logistics Network
May 14, 2026
Yotai Refractories Co., Ltd. has created the new role of Chief Logistics Officer as part of a board-approved move to optimize its internal logistics systems and build a more sustainable supply network. Effective May 15, 2026, Executive Officer Kin...
Yotai Refractories Posts Modest Profit Growth and Keeps Dividend Steady
May 14, 2026
Yotai Refractories reported consolidated net sales of ¥29.6 billion for the fiscal year ended March 31, 2026, up 1.0% year on year, with operating profit rising 3.2% to ¥3.6 billion and ordinary profit up 3.6% to ¥3.8 billion. Profi...
Yotai Refractories Restructures Operations and Leadership to Boost Efficiency
Mar 13, 2026
Yotai Refractories will establish a new Kansai-Chukyo Business Office on April 1, 2026 to oversee the Kaizuka and Mizunami plants, mirroring the existing Okayama Business Office that supervises the Hinase and Yoshinaga plants. The move is intended...
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.