Meidensha Corporation (JP:6508)
:6508
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Meidensha Corporation
(6508)
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Rating:76Outperform
Price Target:
¥10,520.00
▲(28.61% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by improved profitability and a stronger balance sheet, supported by a clear positive technical trend and an attractive low P/E valuation. The key offset is uneven cash-flow conversion, with free cash flow dropping sharply in 2026, which reduces financial quality despite stronger reported earnings.
Positive Factors
Stronger balance sheet
Measured decline in total debt alongside a material expansion of equity has bolstered Meidensha’s capital base. A stronger balance sheet raises resilience to project timing swings, supports bidding on large public projects, and provides capacity to fund strategic capex or acquisitions without immediate liquidity strain.
Negative Factors
Volatile cash-flow conversion
Sharp swings in operating and free cash flow reveal inconsistent conversion of accounting profits into liquidity, likely driven by working-capital swings or project timing. Persistent volatility constrains discretionary investment, weakens resilience to shocks, and increases funding risk for growth initiatives over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger balance sheet
Measured decline in total debt alongside a material expansion of equity has bolstered Meidensha’s capital base. A stronger balance sheet raises resilience to project timing swings, supports bidding on large public projects, and provides capacity to fund strategic capex or acquisitions without immediate liquidity strain.
Read all positive factors
Meidensha Corporation (6508) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥422.39B
Dividend Yield2.4%
Average Volume (3M)144.09K
Price to Earnings (P/E)18.5
Beta (1Y)1.17
Revenue Growth8.33%
EPS Growth27.80%
CountryJP
Employees9,810
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)520.78
Shares Outstanding45,527,540
10 Day Avg. Volume193,880
30 Day Avg. Volume144,090
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)1.95
Price to Sales (P/S)1.04
P/FCF Ratio150.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥10,050.00Price Target Upside22.86% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)471.4
Revenue Forecast (FY)¥347.72B
Meidensha Corporation Business Overview & Revenue Model
Company Description
Meidensha Corporation, established in Tokyo, Japan, in 1897, is an international enterprise engaged in a diverse array of businesses. Its core operations span social infrastructure systems, industrial solutions, maintenance, and real estate. The S...
How the Company Makes Money
Meidensha makes money primarily by selling engineered electrical equipment and systems to utilities, public-sector entities, and industrial customers, and by providing associated engineering, construction/installation, and after-sales services. Ke...
Meidensha Corporation Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 326.19B | 301.10B | 287.88B | 272.58B | 255.05B |
| Gross Profit | 89.40B | 81.59B | 68.99B | 62.98B | 61.12B |
| EBITDA | 43.58B | 35.98B | 27.67B | 22.38B | 23.08B |
| Net Income | 23.63B | 18.49B | 11.21B | 7.13B | 6.73B |
Balance Sheet | |||||
| Total Assets | 373.67B | 341.35B | 334.79B | 307.39B | 290.90B |
| Cash, Cash Equivalents and Short-Term Investments | 31.83B | 30.68B | 18.98B | 14.92B | 14.07B |
| Total Debt | 44.40B | 46.31B | 56.50B | 51.94B | 49.70B |
| Total Liabilities | 195.13B | 199.13B | 205.30B | 196.51B | 185.47B |
| Stockholders Equity | 174.89B | 138.78B | 126.41B | 107.90B | 101.97B |
Cash Flow | |||||
| Free Cash Flow | 2.26B | 24.91B | -375.00M | 1.35B | 2.48B |
| Operating Cash Flow | 17.50B | 35.45B | 8.97B | 13.74B | 11.39B |
| Investing Cash Flow | -17.13B | -9.06B | -7.55B | -10.51B | -7.50B |
| Financing Cash Flow | -7.79B | -14.54B | 749.00M | -2.69B | -4.27B |
Meidensha Corporation Technical Analysis
Positive
8180.00
Price Trends
9194.40
Positive
8102.06
Positive
6968.92
Positive
Market Momentum
-98.75
Positive
46.83
Neutral
37.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6508, the sentiment is Positive. The current price of 8180 is below the 20-day moving average (MA) of 9959.00, below the 50-day MA of 9194.40, and above the 200-day MA of 6968.92, indicating a neutral trend. The MACD of -98.75 indicates Positive momentum. The RSI at 46.83 is Neutral, neither overbought nor oversold. The STOCH value of 37.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6508.
Meidensha Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥422.39B | 18.53 | 14.28% | 2.40% | 8.33% | 27.80% | |
74 Outperform | ¥589.55B | 34.11 | 5.25% | 2.13% | -7.11% | 68.57% | |
72 Outperform | ¥495.23B | 36.32 | ― | 2.50% | 1.45% | 0.37% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ¥364.73B | 27.24 | ― | 1.65% | 5.02% | 19.84% | |
56 Neutral | ¥834.33B | -12.70 | 1.88% | 6.16% | 1.98% | -48.28% | |
55 Neutral | ¥660.36B | 432.51 | 5.94% | 0.56% | 7.03% | -53.53% |
* Industrials Sector Average
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Meidensha Corporation Corporate Events
Meidensha Weighs Lowering Investment Unit to Broaden Investor Base
May 29, 2026
Meidensha Corporation announced its stance on lowering its stock investment unit, acknowledging that reducing the minimum investment amount below 500,000 yen can broaden its investor base, particularly among individual investors, and improve share...
Meidensha to Let Takeover Defense Plan Expire and Shift to Shareholder-Driven Approach
May 14, 2026
Meidensha Corporation will allow its existing takeover defense plan against large-scale share acquisitions to expire at the close of its 162nd Ordinary General Meeting of Shareholders on June 25, 2026, and will not renew it. Instead, the company w...
Meidensha revamps representative director structure while retaining core board lineup
May 14, 2026
Meidensha Corporation has resolved at an extraordinary board meeting to propose a slate of director candidates at its June 25, 2026, shareholders’ meeting, alongside a planned reshaping of its representative director structure. The move cent...
Meidensha Lifts Year-End Dividend on Strong FY2026 Results
May 14, 2026
Meidensha Corporation’s board has approved a proposal to increase the year-end dividend for the fiscal year ended March 31, 2026, to 110 yen per share, up from both the prior forecast of 89 yen and the previous year’s 88 yen, with the ...
Meidensha to Book Extraordinary Losses on Struggling China EV Drive Subsidiary
May 14, 2026
Meidensha Corporation will book significant extraordinary losses in its fiscal year ending March 2026, triggered by deteriorating profitability at its Chinese subsidiary MEIDEN(HANGZHOU)DRIVE TECHNOLOGY CO., LTD., which was established in 2019 as ...
Meidensha Boosts Profit and Sales Despite Lower Orders in FY2025
May 14, 2026
Meidensha Corporation reported stronger earnings for the fiscal year ended March 31, 2026, despite a decline in orders. Orders slipped to ¥358.2 billion from ¥383.6 billion, but net sales rose to ¥326.2 billion, lifting operating in...
Meidensha Lifts Earnings and Dividend as Profitability Strengthens
May 14, 2026
Meidensha Corporation reported robust results for the fiscal year ended March 31, 2026, with net sales rising 8.3% to ¥326.2 billion and net income attributable to owners of the parent climbing 27.8% to ¥23.6 billion, driving basic earni...
Meidensha to End Formal Takeover Defense Plan and Revise Control Policy
May 14, 2026
Meidensha Corporation has decided to abolish its existing takeover defense plan against large-scale share acquisitions when it expires at the close of its June 25, 2026 shareholders’ meeting. Instead, the company will revise its basic policy...
Meidensha Revamps Representative Director Structure to Strengthen Governance
May 14, 2026
Meidensha Corporation has approved a slate of director candidates to be voted on at its 62nd Ordinary General Meeting of Shareholders on June 25, 2026, alongside a planned change in representative directors on the same date. The board move is aime...
Meidensha Lifts Year-End Dividend on Strong Fiscal 2026 Performance
May 14, 2026
Meidensha Corporation’s board has approved a proposal to raise its year-end dividend for the fiscal year ended March 31, 2026, to 110 yen per share, up from both the prior forecast of 89 yen and the previous year’s 88 yen. The move, su...
Meidensha to Book Large Extraordinary Losses on Struggling China EV Drive Unit
May 14, 2026
Meidensha Corporation will book significant extraordinary losses for the fiscal year ending March 2026, driven by deteriorating profitability at its Chinese subsidiary MEIDEN(HANGZHOU)DRIVE TECHNOLOGY CO., LTD., a production and sales hub for elec...
Meidensha Lifts Profit and Sales Despite Lower Orders in FY2025
May 14, 2026
Meidensha Corporation reported financial results for the fiscal year ended March 31, 2026, showing higher profitability despite a decline in orders. Orders fell to ¥358.2 billion, or 93.4% of the prior year, but net sales rose to ¥326.2 ...
Meidensha Lifts Earnings, Strengthens Balance Sheet and Dividend for FY2026
May 14, 2026
Meidensha Corporation reported strong results for the fiscal year ended March 31, 2026, with consolidated net sales rising 8.3% to ¥326.2 billion and net income attributable to owners of the parent climbing 27.8% to ¥23.6 billion, liftin...
Meidensha to Invest ¥11 Billion in Hachiryu Wind Farm Renewal for Decarbonization Push
Mar 30, 2026
Meidensha Corporation has approved an approximately ¥11 billion investment to renew facilities at its Hachiryu Wind Power Station in Akita Prefecture, reversing an earlier postponement driven by rising material and construction costs and vola...
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.