Miyairi Valve Mfg.Co., Ltd. (6495) AI Stock Analysis

• Market Cap: ¥12.39B
• Dividend Yield: 1.65%
• Average Volume (3M): 42.57K
• Price to Earnings (P/E): 42.2
• Beta (1Y): 0.94
• Revenue Growth: 3.96%
• EPS Growth: N/A
• Country: JP
• Employees: 226
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.81
• Shares Outstanding: 48,849,937
• 10 Day Avg. Volume: 39,580
• 30 Day Avg. Volume: 42,573
• PEG Ratio: 0.44
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 0.70
• P/FCF Ratio: -9.67
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: ¥261.00 ▲(90.51% Upside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is primarily held back by weak financial performance signals (profitability decline, recent net loss, and deteriorating free cash flow). Valuation is also unfavorable due to a high P/E with a modest dividend yield. Technicals are mixed, with near-term weakness but a still-supportive longer-term trend structure.

Positive Factors

Essential end-markets & aftermarket

Miyairi serves gas, industrial and infrastructure applications where valves are critical safety and control components. That creates durable, recurring aftermarket demand from maintenance and replacements plus project-based orders, supporting steady revenue over the medium term.

Moderate leverage & stable equity ratio

A moderate debt profile and stable equity ratio provide financial flexibility to fund capital needs or weather cyclical slumps without immediate refinancing pressure. This balance supports longer-term operational continuity and investment capacity versus highly leveraged peers.

Positive EBITDA margin base

Sustained positive EBITDA indicates underlying operational profitability and the ability to generate core operating cash before non-cash and financing items. That base enhances the chance of margin recovery and profit normalization if cost structure or pricing is improved.

Negative Factors

Declining margins & net loss

Contraction in gross and net margins combined with a recent net loss reduces retained earnings and operational resilience. Persistent margin deterioration can erode competitive position and limit resources for product development or pricing flexibility over the next several months.

Downturn in free cash flow

Falling free cash flow constrains the company's ability to fund capex, service debt, or support working capital internally. Weak FCF forces reliance on external financing or asset sales, reducing strategic optionality and increasing vulnerability to an extended earnings recovery period.

Eroding equity and weaker ROE

Declining equity and lower ROE signal capital erosion and falling returns on invested capital. Over time this can limit borrowing capacity, raise cost of capital, and make it harder to attract investment for growth initiatives, weighing on the company’s medium-term expansion plans.

Miyairi Valve Mfg.Co., Ltd. Business Overview & Revenue Model

Company Description

Miyairi Valve Mfg. Co., Ltd. engages in the manufacture and sale of various valves in Japan. The company offers brass products, such as LP gas cylinder, screw-end globe, filling, screw-end ball, and safety valves, as well as couplings and valves for bulk system. It also offers steel products, including globe, Y-shaped, ball, check, safety, filling, and emergency shut-off valves. In addition, the company provides strainers; level indicators, manifold distribution systems, and other products. It provides its valves for various applications, such as LP gas cylinders, LPG supplying lines, LPG filling devices, bulk storage tanks, gas transportation, cryogenic valve for LNG, and storage tanks and piping. Miyairi Valve Mfg. Co., Ltd. was incorporated in 1949 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Miyairi Valve Mfg.Co., Ltd. generates revenue primarily by manufacturing and selling valves and related fluid-control products to customers that need pressure and flow-control solutions for gas and industrial/infrastructure use cases. Key revenue streams therefore consist of (1) product sales of valves and associated components delivered for incorporation into customers’ systems and facilities, and (2) revenue linked to supplying replacement units and parts for installed equipment (aftermarket demand driven by maintenance and periodic replacement). Additional monetization may come from order-based manufacturing tied to customers’ project schedules and specifications (e.g., supplying valves for specific installations), but specific breakdowns by product line, end-market, customer concentration, pricing structure (one-off vs. recurring), geographic mix, and disclosed partnerships are not available in the provided context and are therefore null.

Miyairi Valve Mfg.Co., Ltd. Financial Statement Overview

Summary

Income statement performance is pressured by declining gross/net margins and a recent net loss, suggesting profitability and efficiency challenges despite positive EBITDA. The balance sheet shows moderate leverage and a stable equity ratio, but declining equity and weaker ROE raise risk. Cash flow is a key drag with weaker free cash flow and strained cash-flow-to-earnings metrics due to losses.

Income Statement

The company exhibits a fluctuating revenue trend with recent declines in gross and net profit margins. Despite experiencing revenue growth in the past, the current period shows challenges with a negative net income impacting profitability metrics. While EBITDA margins remain positive, the decline in EBIT margins suggests operational inefficiencies.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio, indicating a balanced approach to leveraging. However, a decline in stockholders' equity raises concerns. The equity ratio remains stable, suggesting the company maintains a reasonable level of equity relative to its assets, but the decrease in ROE indicates reduced profitability on shareholder investment.

Cash Flow

The cash flow statement reveals a downturn in free cash flow, impacting the company's liquidity. While operating cash flow remains positive, contributing to some stability, the negative free cash flow growth highlights cash management challenges. The ratios of operating and free cash flow to net income are strained due to recent net losses.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	6.79B	6.16B	6.33B	5.39B	4.65B
Gross Profit	1.02B	1.17B	1.19B	844.43M	765.28M
EBITDA	260.96M	452.06M	484.09M	262.36M	290.06M
Net Income	-74.85M	176.82M	233.26M	40.68M	45.20M
Balance Sheet
Total Assets	8.93B	8.68B	8.17B	8.21B	8.34B
Cash, Cash Equivalents and Short-Term Investments	436.80M	481.21M	377.01M	281.08M	291.34M
Total Debt	2.63B	2.12B	1.86B	2.25B	2.63B
Total Liabilities	4.96B	4.51B	4.09B	4.33B	4.48B
Stockholders Equity	3.98B	4.18B	4.08B	3.88B	3.86B
Cash Flow
Free Cash Flow	-488.18M	170.20M	652.77M	465.06M	341.98M
Operating Cash Flow	104.11M	435.07M	825.37M	534.53M	373.11M
Investing Cash Flow	-585.44M	-276.85M	-175.84M	-80.19M	-15.98M
Financing Cash Flow	436.92M	-54.01M	-573.61M	-464.61M	-264.75M

Miyairi Valve Mfg.Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 137.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6495, the sentiment is Positive. The current price of 137 is below the 20-day moving average (MA) of 248.75, below the 50-day MA of 219.46, and below the 200-day MA of 142.87, indicating a bullish trend. The MACD of 4.56 indicates Positive momentum. The RSI at 56.78 is Neutral, neither overbought nor oversold. The STOCH value of 71.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6495.

Miyairi Valve Mfg.Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6492	82 Outperform	¥22.74B	7.97	―	0.72%	6.51%	3.68%
6488	79 Outperform	¥11.65B	10.27	―	2.82%	7.10%	18.03%
6498	72 Outperform	¥158.78B	13.19	10.28%	2.77%	2.74%	7.86%
6376	70 Outperform	¥141.76B	7.70	8.17%	2.04%	1.48%	58.59%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6393	60 Neutral	¥12.94B	10.99	―	6.70%	7.96%	43.37%
6495	52 Neutral	¥12.39B	42.22	―	1.65%	3.96%	―