Moriya Transportation Engineering and Manufacturing Co.,Ltd. (6226) AI Stock Analysis

• Market Cap: ¥82.65B
• Dividend Yield: 0.99%
• Average Volume (3M): 39.49K
• Price to Earnings (P/E): 20.0
• Beta (1Y): 1.25
• Revenue Growth: 14.46%
• EPS Growth: 51.80%
• Country: JP
• Employees: 336
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 60.94
• Shares Outstanding: 17,678,300
• 10 Day Avg. Volume: 35,550
• 30 Day Avg. Volume: 39,486
• PEG Ratio: 0.25
• Price to Book (P/B): 4.08
• Price to Sales (P/S): 2.41
• P/FCF Ratio: 25.94
• 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): 225.2
• Revenue Forecast (FY): ¥24.03B

• Rating: 76 Outperform
• Price Target: ¥5,460.00 ▲(11.77% Upside)
• Action: Reiterated Date: 11/28/25
• Date: Action: Reiterated 11/28/25

Moriya Transportation Engineering and Manufacturing Co., Ltd. receives a strong overall score driven primarily by its robust financial performance, characterized by significant revenue and profit growth and a stable balance sheet. Technical analysis supports a positive outlook with favorable momentum indicators. However, the valuation suggests caution due to a high P/E ratio and modest dividend yield.

Positive Factors

Sustained revenue and profit growth

Consistent multi-year revenue and profit expansion indicates durable demand for the company’s engineering and manufacturing services. Sustained top-line growth plus improving margins supports reinvestment, capacity expansion and long-term competitiveness versus peers.

Robust balance sheet with low leverage

Low leverage and a high equity base provide financial resilience, enabling the company to fund capex, absorb downturns and pursue strategic opportunities without stressing liquidity. Strong ROE indicates effective capital use and long-term shareholder value creation.

Healthy cash generation and conversion

Reliable free cash flow and strong cash conversion from earnings underpin sustainable operations funding, potential shareholder returns, and debt servicing. This cash strength supports durable investment in tooling, maintenance and contract fulfilment.

Negative Factors

Operating cash flow variability

A year-over-year decline in operating cash flow signals potential cyclical or working-capital pressures that can strain reinvestment and buffer capacity. Persistent volatility could force more conservative spending or reliance on external financing for growth.

Modest dividend income for investors

A low dividend yield reduces appeal to income-focused investors and provides less downside protection in weak markets. For long-term holders seeking cash returns, limited payout restricts total return options and may pressure management to prioritize growth over distributions.

Smaller scale and limited liquidity

Relatively small headcount and modest trading volume suggest limited scale versus larger competitors, potentially constraining capacity for very large contracts, R&D breadth and pricing leverage. Lower liquidity can also impede institutional ownership and secondary market access.

Moriya Transportation Engineering and Manufacturing Co.,Ltd. Business Overview & Revenue Model

Company Description

Moriya Transportation Engineering and Manufacturing Co.,Ltd. engages in the design, construction, maintenance, upgrade and repair, renewal, and installation of passenger elevators, vertical transport lifting machines, and shipping machineries in Japan and internationally. The company offers elevators, freight elevators, ride elevators, ship elevators, and maclifters, as well as other products, such as small items lifting machines. Its products are used in refrigerators, fisheries, manufacturing, trading companies, banks, real estate sector, and warehouse and transportation industries. Moriya Transportation Engineering and Manufacturing Co.,Ltd. was founded in 1949 and is headquartered in Yokohama, Japan.

How the Company Makes Money

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Moriya Transportation Engineering and Manufacturing Co.,Ltd. Financial Statement Overview

Summary

Moriya Transportation Engineering and Manufacturing Co., Ltd. demonstrates strong financial performance with impressive revenue and profit growth. The balance sheet is robust with low leverage and high equity, indicating financial stability. Cash flow is healthy, though there is some variability in free cash flow growth rates.

Income Statement

Moriya Transportation Engineering and Manufacturing Co., Ltd. has demonstrated impressive growth in revenue, with a consistent upward trajectory from 2020 to 2025. The gross profit margin improved significantly, reflecting efficient cost management. Net profit margin has also increased, underscoring enhanced profitability. Strong EBIT and EBITDA margins further highlight the company's operational efficiency.

Balance Sheet

The company maintains a robust balance sheet with a low debt-to-equity ratio, indicating minimal leverage and financial risk. The return on equity is strong, pointing to effective utilization of shareholder funds. A high equity ratio further signifies financial stability and a solid asset base.

Cash Flow

The cash flow statements show healthy free cash flow generation, although there was a decline in operating cash flow in 2025 compared to 2024. The company has a strong operating cash flow to net income ratio, suggesting effective cash conversion from profits. However, fluctuations in free cash flow growth rates indicate potential volatility in cash flow generation.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	20.11B	19.44B	17.53B	15.42B	13.89B	13.52B
Gross Profit	6.65B	6.18B	4.39B	2.48B	3.39B	3.19B
EBITDA	4.73B	4.37B	2.79B	907.40M	1.92B	1.80B
Net Income	3.13B	2.84B	1.72B	641.71M	1.15B	1.08B
Balance Sheet
Total Assets	17.37B	17.19B	15.07B	12.77B	12.02B	9.87B
Cash, Cash Equivalents and Short-Term Investments	5.09B	5.81B	4.57B	2.64B	3.95B	1.76B
Total Debt	12.03M	42.44M	65.61M	73.58M	190.68M	313.81M
Total Liabilities	5.51B	5.70B	5.95B	5.23B	4.77B	5.29B
Stockholders Equity	11.86B	11.49B	9.12B	7.54B	7.25B	4.57B
Cash Flow
Free Cash Flow	0.00	1.81B	2.18B	-716.69M	931.96M	1.69B
Operating Cash Flow	0.00	2.00B	2.58B	50.28M	1.11B	1.73B
Investing Cash Flow	0.00	-261.32M	-401.71M	-871.65M	-222.07M	-65.15M
Financing Cash Flow	0.00	-499.23M	-265.42M	-513.00M	1.31B	-269.23M

Moriya Transportation Engineering and Manufacturing Co.,Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4885.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6226, the sentiment is Negative. The current price of 4885 is below the 20-day moving average (MA) of 5659.25, below the 50-day MA of 5377.20, and above the 200-day MA of 4779.78, indicating a neutral trend. The MACD of -96.52 indicates Positive momentum. The RSI at 35.89 is Neutral, neither overbought nor oversold. The STOCH value of 13.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6226.

Moriya Transportation Engineering and Manufacturing Co.,Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5911	79 Outperform	¥116.84B	10.36	―	3.81%	0.82%	30.84%
6226	76 Outperform	¥82.65B	20.04	―	0.99%	14.46%	51.80%
9621	73 Outperform	¥84.61B	12.54	―	1.25%	2.61%	-13.38%
5915	72 Outperform	¥9.32B	-81.16	―	3.74%	-29.79%	278.17%
5918	70 Outperform	¥15.87B	6.90	―	1.39%	2.98%	11.88%
5959	69 Neutral	¥41.41B	13.42	―	3.05%	-0.26%	89.66%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%