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Mitsui E&S Holdings Co
(7003)
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Rating:60Neutral
Price Target:
¥4,493.00
▼(-12.28% Downside)
Action:Reiterated
Date:08/06/26
The score is led by improved profitability and a better balance-sheet profile, but it is held back by inconsistent cash-flow conversion and a weak technical setup (below key moving averages with negative MACD). Valuation is reasonable on earnings, though the dividend yield is modest.
Positive Factors
Profitability recovery
The firm has moved from loss-making to double-digit operating and net margins, indicating durable operational improvements. Higher margins bolster internal cash generation potential, support returns on equity, and provide buffer to absorb cost or project shocks over the medium term.
Negative Factors
Weak cash generation
Inconsistent cash conversion versus reported earnings limits the company’s ability to reinvest, reduce debt, and return capital. Persistent working-capital swings and episodic negative operating cash flow raise financing risk for multi-year projects and constrain sustainable capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
The firm has moved from loss-making to double-digit operating and net margins, indicating durable operational improvements. Higher margins bolster internal cash generation potential, support returns on equity, and provide buffer to absorb cost or project shocks over the medium term.
Read all positive factors
Mitsui E&S Holdings Co (7003) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥424.60B
Dividend Yield1.34%
Average Volume (3M)3.02M
Price to Earnings (P/E)11.1
Beta (1Y)1.80
Revenue Growth11.51%
EPS Growth125.19%
CountryJP
Employees5,998
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)390.50
Shares Outstanding103,098,720
10 Day Avg. Volume3,959,080
30 Day Avg. Volume3,020,410
Financial Highlights & Ratios
PEG Ratio-13.27
Price to Book (P/B)2.46
Price to Sales (P/S)1.59
P/FCF Ratio29.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥7,000.00Price Target Upside36.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)357.3
Revenue Forecast (FY)¥377.62B
Mitsui E&S Holdings Co Business Overview & Revenue Model
Company Description
Mitsui E&S Holdings Co., Ltd. operates globally as a prominent enterprise in the shipbuilding and engineering sectors. The company's diverse activities are structured into several core divisions. Its Ship segment is responsible for constructing a ...
How the Company Makes Money
Mitsui E&S Holdings makes money primarily through the sale, installation, and lifecycle support of large industrial and infrastructure-related equipment and systems. Key revenue streams typically include: (1) Equipment and system sales: revenue fr...
Mitsui E&S Holdings Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 363.76B | 353.20B | 315.11B | 301.88B | 262.30B | 579.36B |
| Gross Profit | 71.98B | 69.46B | 51.57B | 47.24B | 36.92B | 28.75B |
| EBITDA | 50.33B | 50.98B | 50.89B | 32.10B | 26.80B | -2.83B |
| Net Income | 39.40B | 38.46B | 39.08B | 25.05B | 15.55B | -21.82B |
Balance Sheet | ||||||
| Total Assets | 464.26B | 494.55B | 449.21B | 467.14B | 439.96B | 409.15B |
| Cash, Cash Equivalents and Short-Term Investments | 38.27B | 57.05B | 35.35B | 35.57B | 45.80B | 51.76B |
| Total Debt | 80.53B | 98.55B | 105.24B | 170.66B | 150.47B | 150.68B |
| Total Liabilities | 235.63B | 260.73B | 275.05B | 320.63B | 329.27B | 346.19B |
| Stockholders Equity | 223.90B | 229.10B | 169.85B | 142.10B | 106.54B | 57.22B |
Cash Flow | ||||||
| Free Cash Flow | 3.59B | 19.32B | 5.22B | -41.64B | -22.44B | -29.25B |
| Operating Cash Flow | 12.51B | 28.42B | 14.85B | -34.44B | -15.04B | -20.27B |
| Investing Cash Flow | -3.77B | 2.55B | 60.90B | -354.00M | -3.00B | -70.92B |
| Financing Cash Flow | -24.07B | -10.42B | -76.57B | 24.11B | 9.52B | 806.00M |
Mitsui E&S Holdings Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥299.69B | 12.67 | 17.59% | 1.36% | 6.53% | 15.29% | |
69 Neutral | ¥726.57B | 18.32 | 4.72% | 2.56% | 7.75% | ― | |
65 Neutral | ¥19.56B | 7.11 | ― | 0.27% | 19.40% | 131.93% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ¥424.60B | 11.12 | 19.18% | 1.11% | 11.51% | 125.19% | |
59 Neutral | ¥211.34B | 13.82 | ― | 2.05% | 7.67% | -30.19% | |
59 Neutral | ¥10.59B | 6.39 | ― | 2.71% | 10.14% | 39.52% |
* Industrials Sector Average
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Mitsui E&S Holdings Co Corporate Events
Mitsui E&S Raises FY2026 Profit Outlook on Strong Logistics Systems Performance
Aug 3, 2026
Mitsui ES has revised its full-year FY2026 consolidated forecast, keeping net sales unchanged at ¥370 billion but lifting operating income to ¥34 billion, ordinary income to ¥39 billion and profit attributable to owners of parent to...
Mitsui E&S Delivers Strong Q1 and Advances Green Port and Marine Technologies
Aug 3, 2026
Mitsui ES Holdings reported a strong start to the fiscal year ending March 2027, with first-quarter new orders of ¥105 billion, net sales of ¥91.7 billion, and operating income of ¥10.2 billion, all increasing year on year despite g...
Mitsui E&S Delivers Strong Q1 Results and Confirms Dividend Outlook
Aug 3, 2026
Mitsui ES reported consolidated net sales of ¥91.7 billion for the three months ended June 30, 2026, up 13.0% year on year, with operating income rising 14.4% to ¥10.2 billion and profit attributable to owners of parent increasing 15.8% ...
Mitsui E&S Cuts Size of Employee Share Incentive as Treasury Share Disposal Closes
Jul 24, 2026
Mitsui ES Co., Ltd. has completed the payment procedures for the disposal of treasury shares under its Restricted Stock Incentive Plan for the Employee Shareholding Association. The company had previously resolved to introduce this plan in Februar...
Mitsui E&S Completes Restricted Stock Grant to Directors
Jul 24, 2026
Mitsui ES Co., Ltd. has completed the disposal of 11,405 shares of its treasury stock to implement a restricted stock compensation plan for its directors. The shares, priced at 4,109 yen each for a total of about 46.9 million yen, were allotted to...
Mitsui E&S to Grant Restricted Stock to Directors, Tightening Pay-Performance Link
Jun 26, 2026
Mitsui ES Co., Ltd. has approved the disposal of 11,405 treasury shares as restricted stock compensation to three internal directors, with a disposal value of ¥4,109 per share and a total amount of about ¥46.9 million. The move follows s...
Mitsui E&S Sets Rolling Vision 2026 Plan to Drive Growth Through 2028
May 25, 2026
Mitsui ES Corporation has unveiled its updated medium-term business plan, “MITSUI ES Rolling Vision 2026,” which rolls forward targets through fiscal 2028 and refines financial and human resources strategies. The plan aims to balance b...
Mitsui E&S Lifts FY2025 Dividend Forecast After Earnings Beat
May 14, 2026
Mitsui ES has raised its dividend forecast for the fiscal year ended March 31, 2026, after consolidated results surpassed earlier expectations. The company’s annual dividend per share is now set at ¥57, up from the previous forecast of ...
Mitsui E&S Boosts Sales and Operating Profit but Books Valuation Loss on Danish Unit
May 14, 2026
Mitsui ES Co., Ltd. reported that its equity-method affiliates contributed ¥7.5 billion in non-operating income for the fiscal year ended March 31, 2026, reflecting stronger results from related companies. At the same time, it booked a ¥...
Mitsui E&S Outlines FY2026 Results and Green & Digital Growth Strategy
May 14, 2026
Mitsui ES Holdings released an outline of its consolidated financial results for the fiscal year ended March 31, 2026, together with a forecast for the year ending March 31, 2027. While detailed figures are not disclosed in the document excerpt, t...
Mitsui E&S Delivers Strong FY2026 Earnings and Lifts Dividend, Sees Profit Moderation Ahead
May 14, 2026
Mitsui ES reported consolidated net sales of ¥353.2 billion for the fiscal year ended March 31, 2026, up 12.1% year on year, with operating income surging 62.7% to ¥37.6 billion and profit attributable to owners of parent rising 61.7% to...
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.