Mipox Corp. (5381) AI Stock Analysis

• Market Cap: ¥7.40B
• Dividend Yield: 1.92%
• Average Volume (3M): 135.77K
• Price to Earnings (P/E): 8.1
• Beta (1Y): 2.20
• Revenue Growth: 19.43%
• EPS Growth: N/A
• Country: JP
• Employees: 448
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Chemicals - Specialty
• EPS (TTM): 7.77
• Shares Outstanding: 14,451,920
• 10 Day Avg. Volume: 148,370
• 30 Day Avg. Volume: 135,766
• PEG Ratio: -1.83
• Price to Book (P/B): 1.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.68
• 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: ¥570.00
• Price Target Upside: 10.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: ¥561.00 ▲(8.93%Upside)

Mipox Corp.'s stock score reflects a strong financial recovery and attractive valuation, which are the most significant factors. Technical analysis indicates moderate momentum, adding a positive but cautious note to the overall assessment. Historical financial volatility remains a potential risk.

Mipox Corp. Business Overview & Revenue Model

Company Description

Mipox Corp. (5381) is a Japanese company specializing in the development, manufacturing, and sales of high-precision polishing films and slurries. The company operates primarily in the semiconductor, electronics, and optical industries, providing essential materials used in the processing and finishing of various components. Mipox's core products include polishing films, polishing slurries, and related equipment, which are crucial for achieving the desired surface finishes in various manufacturing processes.

How the Company Makes Money

Mipox Corp. generates revenue primarily through the sale of its high-precision polishing products, including films and slurries, to industries such as semiconductors, electronics, and optics. These products are integral to the manufacturing processes of clients who need precise surface finishes. The company may also earn income through partnerships and collaborations with other firms in related industries, which can enhance its product offerings and expand its market reach. Additionally, Mipox may provide technical support and services associated with its products, contributing to its revenue streams. Key factors influencing its earnings include demand in the semiconductor and electronics industries, technological advancements, and its ability to innovate and deliver high-quality products.

Mipox Corp. Financial Statement Overview

Summary

Mipox Corp. exhibits a robust recovery across financial metrics with improved profitability, leverage, and cash flows in 2025. Strong revenue growth and operational efficiency underscore its competitive positioning. However, historical volatility and financial fluctuations pose potential risks that need to be monitored.

Income Statement

Mipox Corp. shows a solid recovery in profitability with a gross profit margin of 38.0% and net profit margin of 8.2% for 2025. The revenue growth rate of 19.4% from 2024 to 2025 indicates strong top-line expansion. EBIT and EBITDA margins also improved significantly, suggesting operational efficiency. However, historical volatility in profitability, such as the negative EBIT in 2024, highlights potential risks.

Balance Sheet

The company's debt-to-equity ratio improved to 0.63 in 2025, indicating a better leverage position. Return on equity stands at 10.8%, reflecting good profitability on shareholder investments. The equity ratio of 53.1% provides a stable financial base. However, past fluctuations in equity and liabilities suggest potential financial risks.

Cash Flow

Mipox Corp. has improved its cash flow management, with a free cash flow growth rate of 611.8% from 2024 to 2025. The operating cash flow to net income ratio of 1.75 indicates strong cash conversion. Free cash flow to net income ratio is 1.00, showing balanced cash generation. Despite positive trends, past inconsistencies in cash flows pose potential challenges.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	11.02B	11.17B	9.35B	10.03B	10.45B	7.36B
Gross Profit	4.03B	4.25B	2.58B	3.46B	4.55B	2.69B
EBITDA	1.60B	1.58B	579.65M	1.04B	1.81B	500.81M
Net Income	740.49M	911.88M	-408.66M	45.29M	1.55B	87.12M
Balance Sheet
Total Assets	16.39B	15.93B	15.98B	16.20B	14.61B	11.30B
Cash, Cash Equivalents and Short-Term Investments	2.84B	2.41B	2.69B	2.61B	2.39B	3.02B
Total Debt	5.91B	5.34B	6.37B	6.01B	4.09B	5.11B
Total Liabilities	7.94B	7.47B	8.49B	8.20B	6.52B	6.93B
Stockholders Equity	8.45B	8.46B	7.48B	8.00B	8.09B	4.37B
Cash Flow
Free Cash Flow	0.00	915.12M	-178.77M	-1.42B	-1.70B	-375.25M
Operating Cash Flow	0.00	1.60B	451.87M	-423.12M	1.66B	-114.49M
Investing Cash Flow	0.00	-695.59M	-633.76M	-1.07B	-3.34B	-225.17M
Financing Cash Flow	0.00	-1.06B	144.43M	1.64B	932.90M	575.07M

Mipox Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 515.00
• 50DMA: Positive
• 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:5381, the sentiment is Positive. The current price of 515 is above the 20-day moving average (MA) of 505.45, above the 50-day MA of 500.62, and below the 200-day MA of 608.03, indicating a neutral trend. The MACD of 4.99 indicates Negative momentum. The RSI at 55.43 is Neutral, neither overbought nor oversold. The STOCH value of 68.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5381.

Mipox Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4625	78 Outperform	¥3.55B	15.56		2.53%	1.87%	-4.33%
5381	71 Outperform	¥7.40B	8.12		1.92%	19.43%	―
4624	71 Outperform	¥5.02B	11.56		1.47%	2.02%	5.55%
Sector *	70 Outperform	¥177.14B	11.15	6.29%	3.43%	3.91%	3.49%
4623	66 Neutral	¥6.45B	8.93		3.52%	0.26%	82.94%
4616	60 Neutral	¥1.66B	13.70		1.84%	-5.33%	-40.81%
4615	47 Neutral	¥4.39B	20.50		―	9.52%	88.23%