Mipox Corp. (JP:5381)
:5381
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Mipox Corp.
(5381)
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Rating:55Neutral
Price Target:
¥1,056.00
▲(136.24% Upside)
Action:Downgraded
Date:05/16/26
The score is mainly held back by uneven financial quality—especially the sharp 2026 cash flow deterioration and margin compression—despite revenue recovery and a serviceable (though slightly more leveraged) balance sheet. Technically, the stock retains a broader uptrend versus longer-term averages, but weaker RSI and being below the 20-day average point to softer near-term momentum. Valuation is broadly neutral with limited support from the low dividend yield.
Positive Factors
Consumable, Repeat Revenue
Mipox's business model sells consumable polishing materials that are consumed in customers' manufacturing processes. This creates recurring demand tied to end-market production throughput, supporting steadier revenue streams and predictable aftermarket volume over multi-month horizons.
Negative Factors
Weak Cash Generation
Sharp deterioration to negative free cash flow and low operating cash relative to income signals weakened cash conversion and higher working-capital or investment timing risk. Persistent FCF weakness would constrain reinvestment, dividends, and debt servicing over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Consumable, Repeat Revenue
Mipox's business model sells consumable polishing materials that are consumed in customers' manufacturing processes. This creates recurring demand tied to end-market production throughput, supporting steadier revenue streams and predictable aftermarket volume over multi-month horizons.
Read all positive factors
Mipox Corp. (5381) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥13.85B
Dividend Yield2.29%
Average Volume (3M)149.06K
Price to Earnings (P/E)38.4
Beta (1Y)2.09
Revenue Growth7.94%
EPS Growth-42.91%
CountryJP
Employees448
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)33.03
Shares Outstanding14,451,920
10 Day Avg. Volume138,540
30 Day Avg. Volume149,060
Financial Highlights & Ratios
PEG Ratio-0.52
Price to Book (P/B)1.28
Price to Sales (P/S)0.95
P/FCF Ratio-43.73
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)57.8
Revenue Forecast (FY)¥13.00B
Mipox Corp. Business Overview & Revenue Model
Company Description
Mipox Corporation provides polishing products in Japan and internationally. It offers polishing films, abrasive papers and cloths, functional films, liquid polishing slurries, fiber discs, abrasive non-woven fabrics, flap wheels, fine diamonds, fi...
How the Company Makes Money
Mipox makes money primarily by selling consumable polishing and finishing materials (e.g., abrasive films, polishing tapes, and related surface-processing products) to industrial customers. Revenue is generated through (1) product sales of these c...
Mipox Corp. Financial Statement Overview
Summary
Income Statement
61
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.30B | 12.06B | 11.17B | 9.35B | 10.03B | 10.45B |
| Gross Profit | 4.22B | 4.52B | 4.25B | 2.58B | 3.46B | 4.55B |
| EBITDA | 1.25B | 1.36B | 1.58B | 579.65M | 1.04B | 1.81B |
| Net Income | 470.50M | 505.65M | 911.88M | -408.66M | 45.29M | 1.55B |
Balance Sheet | ||||||
| Total Assets | 16.32B | 18.07B | 15.93B | 15.98B | 16.20B | 14.61B |
| Cash, Cash Equivalents and Short-Term Investments | 2.36B | 3.18B | 2.41B | 2.69B | 2.61B | 2.39B |
| Total Debt | 6.09B | 6.87B | 5.34B | 6.37B | 6.01B | 4.09B |
| Total Liabilities | 8.13B | 9.12B | 7.47B | 8.49B | 8.20B | 6.52B |
| Stockholders Equity | 8.19B | 8.95B | 8.46B | 7.48B | 8.00B | 8.09B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -261.16M | 915.12M | -178.77M | -1.42B | -1.70B |
| Operating Cash Flow | 0.00 | 322.53M | 1.60B | 451.87M | -423.12M | 1.66B |
| Investing Cash Flow | 0.00 | -533.57M | -695.59M | -633.76M | -1.07B | -3.34B |
| Financing Cash Flow | 0.00 | 876.86M | -1.06B | 144.43M | 1.64B | 932.90M |
Mipox Corp. Technical Analysis
Neutral
447.00
Price Trends
1042.55
Negative
837.84
Positive
649.56
Positive
Market Momentum
-23.96
Positive
42.19
Neutral
11.49
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5381, the sentiment is Neutral. The current price of 447 is below the 20-day moving average (MA) of 1149.60, below the 50-day MA of 1042.55, and below the 200-day MA of 649.56, indicating a neutral trend. The MACD of -23.96 indicates Positive momentum. The RSI at 42.19 is Neutral, neither overbought nor oversold. The STOCH value of 11.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:5381.
Mipox Corp. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥113.42B | 8.38 | ― | 3.72% | 4.49% | 27.96% | |
73 Outperform | ¥76.51B | 9.11 | ― | 3.04% | -0.37% | -20.95% | |
72 Outperform | ¥1.99T | 15.54 | 11.98% | 1.54% | 1.41% | 0.76% | |
71 Outperform | ¥687.27B | 11.83 | 12.15% | 1.58% | 8.25% | 14.61% | |
69 Neutral | ¥561.27B | 21.11 | ― | 3.26% | 15.83% | 124.18% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | ¥13.85B | 38.35 | ― | 2.29% | 7.94% | -42.91% |
* Basic Materials Sector Average
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Mipox Corp. Corporate Events
Mipox forecasts profit rebound despite sharp earnings drop in FY2026
May 14, 2026
Mipox Corporation reported consolidated net sales of ¥12.06 billion for the fiscal year ended March 31, 2026, up 7.9% year on year, but operating profit fell 38.5% to ¥579 million and profit attributable to owners of parent dropped 44.5%...
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.