Mitsubishi Steel Mfg.Co., Ltd. (JP:5632)
:5632
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Mitsubishi Steel Mfg.Co., Ltd.
(5632)
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Rating:67Neutral
Price Target:
¥2,250.00
▲(19.87% Upside)
Action:Reiterated
Date:05/15/26
The score is driven by improving but still average financial performance (thin margins, declining revenue, and volatile cash flows), balanced by strong technical uptrend signals and supportive valuation (low P/E with a healthy dividend yield).
Positive Factors
Specialty products & value-added processing
The company’s focus on specialty steel and value-added processing (forming, machining, engineered components) supports higher-margin, sticky B2B relationships. Durable demand from industrial and transportation OEMs and value-added services increase customer lock-in and margin resilience versus commodity steel.
Negative Factors
Persistent revenue decline
A multi-year downtrend in revenue erodes scale economics and raises the bar for margin recovery. Persistently falling top line limits reinvestment capacity, weakens negotiating leverage with suppliers/customers, and makes long-term profit stabilization harder in a cyclical industry.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialty products & value-added processing
The company’s focus on specialty steel and value-added processing (forming, machining, engineered components) supports higher-margin, sticky B2B relationships. Durable demand from industrial and transportation OEMs and value-added services increase customer lock-in and margin resilience versus commodity steel.
Read all positive factors
Mitsubishi Steel Mfg.Co., Ltd. (5632) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥30.47B
Dividend Yield4.13%
Average Volume (3M)143.72K
Price to Earnings (P/E)8.8
Beta (1Y)1.21
Revenue Growth-3.15%
EPS Growth29.33%
CountryJP
Employees4,076
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)138.94
Shares Outstanding15,709,968
10 Day Avg. Volume266,880
30 Day Avg. Volume143,720
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)0.55
Price to Sales (P/S)0.17
P/FCF Ratio4.08
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
Mitsubishi Steel Mfg.Co., Ltd. Business Overview & Revenue Model
Company Description
Mitsubishi Steel Mfg. Co., Ltd. manufactures and sells steel products, construction machinery parts, automotive parts, and machinery and equipment. Its steel products include hot-rolled special steel bars for construction machinery parts and autom...
How the Company Makes Money
Mitsubishi Steel Mfg. Co., Ltd. makes money primarily by manufacturing and selling specialty steel products and related processed components to corporate customers (e.g., manufacturers in industrial and transportation supply chains). Revenue is ge...
Mitsubishi Steel Mfg.Co., Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
55
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 157.13B | 154.56B | 159.58B | 169.94B | 170.54B | 146.29B |
| Gross Profit | 22.98B | 20.83B | 23.71B | 21.79B | 23.26B | 20.90B |
| EBITDA | 10.03B | 8.45B | 10.68B | 8.95B | 9.62B | 9.97B |
| Net Income | 2.10B | 3.06B | 2.36B | -968.00M | 2.19B | 4.07B |
Balance Sheet | ||||||
| Total Assets | 135.89B | 141.52B | 138.67B | 147.07B | 156.41B | 142.96B |
| Cash, Cash Equivalents and Short-Term Investments | 12.65B | 17.14B | 16.16B | 22.24B | 30.62B | 19.97B |
| Total Debt | 49.77B | 45.29B | 52.35B | 57.06B | 66.65B | 49.56B |
| Total Liabilities | 87.50B | 84.99B | 88.81B | 99.24B | 106.72B | 94.31B |
| Stockholders Equity | 41.38B | 48.68B | 42.64B | 41.15B | 43.48B | 42.60B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 6.60B | 1.35B | 2.81B | -5.33B | -4.39B |
| Operating Cash Flow | 0.00 | 10.08B | 6.01B | 6.48B | -2.78B | -1.92B |
| Investing Cash Flow | 0.00 | -726.00M | -5.17B | -3.97B | -1.44B | 1.97B |
| Financing Cash Flow | 0.00 | -8.70B | -6.54B | -11.61B | 14.79B | -3.52B |
Mitsubishi Steel Mfg.Co., Ltd. Technical Analysis
Positive
1877.00
Price Trends
1849.93
Positive
1863.85
Positive
1786.73
Positive
Market Momentum
63.54
Negative
58.53
Neutral
61.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5632, the sentiment is Positive. The current price of 1877 is below the 20-day moving average (MA) of 1896.00, above the 50-day MA of 1849.93, and above the 200-day MA of 1786.73, indicating a bullish trend. The MACD of 63.54 indicates Negative momentum. The RSI at 58.53 is Neutral, neither overbought nor oversold. The STOCH value of 61.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5632.
Mitsubishi Steel Mfg.Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥434.26B | 12.05 | ― | 3.26% | -6.84% | 4.65% | |
71 Outperform | ¥180.09B | 27.66 | 5.06% | 1.80% | 1.69% | 71.95% | |
67 Neutral | ¥30.47B | 8.82 | ― | 4.13% | -3.15% | 29.33% | |
62 Neutral | ¥371.52B | 11.21 | 6.16% | 2.99% | 0.55% | 20.51% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ¥186.09B | 19.21 | 7.36% | 3.42% | -17.96% | -43.14% | |
58 Neutral | ¥78.83B | 13.13 | ― | 3.70% | -2.40% | -8.59% |
* Basic Materials Sector Average
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Mitsubishi Steel Mfg.Co., Ltd. Corporate Events
Mitsubishi Steel Mfg. Beats Profit Forecasts and Lifts Dividend on Strong Spring Business
May 13, 2026
Mitsubishi Steel Mfg. reported consolidated net sales for the fiscal year ended March 31, 2026 that were broadly in line with its previous forecast, but operating and ordinary income significantly outperformed expectations. The upside was driven m...
Mitsubishi Steel Mfg. Launches 2026 Mid-term Plan With Profit and Capital Efficiency Targets
May 13, 2026
Mitsubishi Steel Mfg. has unveiled its 2026 Mid-term Business Plan, a three-year roadmap for fiscal 2026–2028 that targets operating income of ¥11 billion and improved ROIC and ROE by shifting its earnings mix toward strategic and high ...
Mitsubishi Steel Revises Stock Compensation Plan Ahead of Governance Shift
May 13, 2026
Mitsubishi Steel Mfg. Co., Ltd. plans to continue and partially revise its performance-linked stock compensation plan for directors and certain executive officers as it transitions to a company with an Audit and Supervisory Committee, subject to s...
Mitsubishi Steel to Revamp Governance with Audit and Supervisory Committee Structure
May 13, 2026
Mitsubishi Steel Mfg. Co., Ltd. has approved a proposal to partially amend its Articles of Incorporation, to be submitted for shareholder approval at the 102nd Ordinary General Meeting on June 19, 2026. The amendments accompany the company’s...
Mitsubishi Steel Sees Profit Hit from Blast Furnace Fire but Expects Earnings Rebound
May 13, 2026
Mitsubishi Steel Mfg. Co., Ltd. reported that blast furnace operations at Hokkai Iron Coke Corp., its equity-method affiliate jointly operated with Nippon Steel, have resumed after a December 2025 fire damaged a hot-blast stove. The company is wo...
Mitsubishi Steel Lifts Profit and Dividends Despite Lower Sales, Signals Earnings Recovery
May 13, 2026
Mitsubishi Steel Mfg. reported consolidated net sales of ¥154.6 billion for the year to March 31, 2026, down 3.1% year on year, while operating income fell 27% to ¥4.8 billion and ordinary income declined 17.2% to ¥4.0 billion. Desp...
Mitsubishi Steel Mfg. Books Gain on Canadian Land Sale After Completing Asset Transfer
Mar 31, 2026
Mitsubishi Steel Mfg. has completed the transfer of a land asset held by a consolidated subsidiary in Milton, Ontario, Canada, after finishing soil remediation and related procedures required for the deal. The 203,571-square-meter property was sol...
Mitsubishi Steel to Sell Mexican Subsidiary and Consolidate North American Spring Production
Mar 30, 2026
Mitsubishi Steel Mfg. Co., Ltd. has decided to transfer all shares of its Mexican subsidiary, MSSC MFG MEXICANA, S.A. DE C.V., to the Hwaway Technology Corporation Limited Group as part of a restructuring of its North American operations. MSM will...
Mitsubishi Steel Overhauls Governance With New Audit and Supervisory Committee Structure
Feb 26, 2026
Mitsubishi Steel Mfg. Co., Ltd. plans to transition to a company with an Audit and Supervisory Committee, subject to shareholder approval at the June 2026 ordinary general meeting, in a governance overhaul designed to strengthen oversight. The com...
Mitsubishi Steel Mfg. to Shift to Audit and Supervisory Committee Structure in 2026
Feb 26, 2026
Mitsubishi Steel Mfg. Co., Ltd. has resolved to shift its governance structure from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, pending shareholder approval at its 102nd Ordinary General Meeti...
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.