Mirai Industry Co., Ltd. (7931) AI Stock Analysis

• Market Cap: ¥55.80B
• Dividend Yield: 4.44%
• Average Volume (3M): 17.11K
• Price to Earnings (P/E): 8.6
• Beta (1Y): 0.76
• Revenue Growth: 2.08%
• EPS Growth: -11.16%
• Country: JP
• Employees: 1,252
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 100.06
• Shares Outstanding: 25,607,086
• 10 Day Avg. Volume: 13,900
• 30 Day Avg. Volume: 17,113
• PEG Ratio: -7.80
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 1.34
• P/FCF Ratio: 12.51
• 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): 290.9
• Revenue Forecast (FY): ¥46.50B

• Rating: 69 Neutral
• Price Target: ¥3,509.00 ▲(1.56% Upside)
• Action: Reiterated Date: 10/25/25
• Date: Action: Reiterated 10/25/25

Mirai Industry Co., Ltd. has a strong financial foundation and attractive valuation, but the current technical indicators suggest a bearish trend. The lack of earnings call data and corporate events limits additional insights.

Positive Factors

Balance Sheet Strength

A high equity ratio, minimal debt and sizable cash reserves provide durable financial flexibility. This balance sheet strength supports continued operations, cushions against industry shocks, funds targeted investments or dividends, and reduces refinancing risk over the next 2–6 months.

Consistent Revenue Growth & Gross Margin

Sustained top-line growth paired with robust gross margins indicates underlying demand and production efficiency. This combination supports margin sustainability and reinvestment capacity, enabling steady market share gains and resilience against cyclical headwinds over the medium term.

Cash Generation Quality

Growing free cash flow and favorable operating cash to net income suggest earnings quality and strong cash conversion. Reliable cash generation funds capex, R&D, dividends or debt reduction without reliance on equity raises, preserving strategic optionality across the coming months.

Negative Factors

Profitability Pressure

Eroding EBIT and net margins imply tighter operating leverage or rising costs that reduce the portion of revenue flowing to the bottom line. If structural, continued margin pressure could limit reinvestment, dividend scope and ROE, weakening fundamental returns over the medium term.

Volatile Investing/Financing Cash Flows

Inconsistent investing and financing patterns point to uneven capital allocation or episodic funding needs. This creates predictability issues for free cash flow and may force reactive financing decisions, increasing operational and financial volatility over the next several quarters.

Negative EPS Growth

Declining EPS despite revenue gains suggests margin dilution or non-operational headwinds impacting shareholder earnings. Persistent EPS contraction can undermine shareholder returns, constrain payout capacity, and signal deeper profitability issues that could last several reporting periods.

Mirai Industry Co., Ltd. Business Overview & Revenue Model

Company Description

Mirai Industry Co.,Ltd. manufactures and sells electrical equipment materials in Japan. The company provides fire protection materials; tools; underground and protective pipes; CD, PF, and flexible tubes; resins; cable support insert; retractable covers; mall; vinyl conduit accessories; mounting plates; mirai panel; air conditioner piping materials; and duct, lighting, support bracket, and cable rack, as well as iron, slide, pool, wall, and electricity meter boxes. It also offers pipework equipment, such as drainage related; fire protection materials; water supply and hot water supply reform; gas/kerosene reform and plumbing related; air-conditioning related, insert, and burial related; tool; resin pipe; scabbard and resin pipes; around the header; fittings; faucet box; bathroom parts; reheating; snow melting; heating; and others products. Mirai Industry Co.,Ltd. was incorporated in 1965 and is based in Wanouchi, Japan.

How the Company Makes Money

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Mirai Industry Co., Ltd. Financial Statement Overview

Summary

Mirai Industry Co., Ltd. shows strong financial health with consistent revenue growth and a robust balance sheet. While profitability margins face some pressure, effective cash flow management supports operations and potential investments.

Income Statement

Mirai Industry Co., Ltd. demonstrates solid financial performance with a consistent revenue growth trend over the years. The gross profit margin remains robust, reflecting efficient production and cost management. However, there is a slight decline in EBIT and net income margins, indicating pressure on profitability. Revenue growth is steady, showcasing the company's ability to expand its market presence.

Balance Sheet

The company's balance sheet is strong, with a high equity ratio indicating financial stability and low leverage. The debt-to-equity ratio is minimal, suggesting prudent debt management. Return on equity is healthy, reflecting effective utilization of shareholder funds. The company's significant cash reserves enhance its liquidity position.

Cash Flow

Cash flow statements reflect positive free cash flow growth, suggesting improved cash-generating capabilities. The operating cash flow to net income ratio is favorable, indicating quality earnings. However, fluctuations in investing and financing cash flows suggest varying capital expenditure and financing strategies, which may introduce some volatility.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	45.65B	45.11B	44.09B	39.57B	36.91B	36.07B
Gross Profit	17.70B	17.75B	17.77B	13.96B	13.79B	13.95B
EBITDA	9.15B	9.36B	9.64B	6.29B	6.27B	6.63B
Net Income	4.74B	4.83B	5.12B	2.74B	2.53B	2.83B
Balance Sheet
Total Assets	65.90B	66.55B	63.53B	64.23B	61.02B	58.78B
Cash, Cash Equivalents and Short-Term Investments	21.91B	22.60B	20.43B	23.09B	21.89B	19.06B
Total Debt	431.00M	245.00M	265.00M	248.00M	353.00M	520.00M
Total Liabilities	13.20B	13.13B	12.74B	14.26B	13.24B	12.58B
Stockholders Equity	51.94B	52.69B	50.13B	49.38B	47.28B	45.78B
Cash Flow
Free Cash Flow	0.00	4.82B	1.81B	2.21B	4.30B	2.44B
Operating Cash Flow	0.00	7.53B	4.67B	4.00B	6.04B	5.02B
Investing Cash Flow	0.00	-3.55B	-3.17B	-1.97B	-1.91B	-1.92B
Financing Cash Flow	0.00	-2.64B	-4.95B	-979.00M	-937.00M	-821.00M

Mirai Industry Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3455.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7931, the sentiment is Negative. The current price of 3455 is above the 20-day moving average (MA) of 3387.75, above the 50-day MA of 3399.00, and below the 200-day MA of 3504.77, indicating a bearish trend. The MACD of -43.62 indicates Positive momentum. The RSI at 39.50 is Neutral, neither overbought nor oversold. The STOCH value of 24.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7931.

Mirai Industry Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6763	80 Outperform	¥26.78B	12.04	―	3.16%	12.72%	53.85%
6617	76 Outperform	¥86.21B	8.23	―	1.61%	-3.41%	13.79%
6637	72 Outperform	¥52.90B	12.37	―	0.91%	5.28%	18.38%
7931	69 Neutral	¥55.80B	8.63	―	4.44%	2.08%	-11.16%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6905	59 Neutral	¥52.77B	195.39	―	5.01%	-32.74%	-117.06%

Mirai Industry Co., Ltd. Corporate Events

Mirai Industry Posts Modest Sales Growth but Lower Profits, Keeps Cautious Full-Year Outlook

Mirai Industry reported consolidated net sales of ¥35.38 billion for the nine months ended December 20, 2025, a 1.2% year-on-year increase, while operating profit, ordinary profit and profit attributable to owners of parent declined modestly by around 3–4%, and basic earnings per share fell to ¥236.01. Despite the earnings softness, the company’s balance sheet remains solid with total assets of ¥67.30 billion, an equity-to-asset ratio of 80.3%, and steadily rising net assets, while it maintains its full-year forecast for fiscal 2026, projecting 4.0% sales growth but double-digit declines in profit and planning a slightly reduced annual dividend of ¥130 per share, signaling a cautious stance amid a more challenging profit environment.

The most recent analyst rating on (JP:7931) stock is a Buy with a Yen3922.00 price target. To see the full list of analyst forecasts on Mirai Industry Co., Ltd. stock, see the JP:7931 Stock Forecast page.