Meiwa Corporation (8103) AI Stock Analysis

• Market Cap: ¥34.39B
• Dividend Yield: 4.67%
• Average Volume (3M): 117.26K
• Price to Earnings (P/E): 9.6
• Beta (1Y): 0.64
• Revenue Growth: -3.82%
• EPS Growth: 18.03%
• Country: JP
• Employees: 518
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Distribution
• EPS (TTM): 13.15
• Shares Outstanding: 40,332,400
• 10 Day Avg. Volume: 112,510
• 30 Day Avg. Volume: 117,260
• PEG Ratio: 0.32
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.18
• P/FCF Ratio: 6.78
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: ¥892.00 ▲(3.72% Upside)

Meiwa Corporation's strong financial performance and attractive valuation are the primary drivers of its stock score. The company's robust profitability, low leverage, and appealing dividend yield make it a solid investment. However, the technical indicators suggest caution in the short term, as the stock is currently in a bearish trend.

Positive Factors

Strong Balance Sheet

A low debt-to-equity ratio indicates minimal leverage risk, enhancing financial stability and flexibility to invest in growth opportunities.

Profit Margin Improvement

Improved profit margins reflect effective cost management, which can lead to sustained profitability even amid revenue fluctuations.

Cash Generation Ability

Strong free cash flow supports operational needs and strategic investments, ensuring long-term financial health and shareholder returns.

Negative Factors

Declining Revenue Growth

Negative revenue growth may indicate challenges in market expansion or competitive pressures, potentially affecting future earnings.

Decreased Operating Cash Flow

A decline in operating cash flow can signal potential liquidity issues, impacting the company's ability to fund operations and growth.

Negative Revenue Growth Trend

Sustained negative revenue growth suggests difficulties in maintaining market share or adapting to industry changes, affecting long-term prospects.

Meiwa Corporation Business Overview & Revenue Model

Company Description

Meiwa Corporation (8103) is a Japanese company specializing in the distribution of a diverse range of products including textiles, chemicals, and industrial materials. The company operates primarily in the trading and manufacturing sectors, focusing on providing high-quality goods tailored to various industries such as automotive, electronics, and construction. With a strong emphasis on innovation and customer service, Meiwa has established itself as a key player in the global supply chain, leveraging its extensive network to meet the evolving demands of its clients.

How the Company Makes Money

Meiwa Corporation generates revenue through multiple channels, primarily by acting as a trading company that sources and supplies products to various industries. Key revenue streams include the sale of textiles, chemicals, and industrial materials. The company also engages in manufacturing certain products, which allows for higher margins compared to pure trading. Additionally, Meiwa has established significant partnerships with manufacturers and suppliers, enabling it to offer competitive pricing and a broad product range. The company's ability to adapt to market trends and customer needs further contributes to its earnings, as does its focus on expanding its global footprint in emerging markets.

Meiwa Corporation Financial Statement Overview

Summary

Meiwa Corporation is in a strong financial position with robust profitability and low leverage. The company has maintained healthy cash flows and a solid equity base, which supports its growth and stability. Despite slightly negative revenue growth, effective cost management and a strong balance sheet offer resilience against industry fluctuations.

Income Statement

Meiwa Corporation has demonstrated strong financial performance with increasing revenues and healthy profit margins. The gross profit margin improved to 8.01% in 2025, reflecting effective cost management. The net profit margin also increased to 2.16%, supported by a consistent EBIT margin of 2.28% and an EBITDA margin of 3.20%. Revenue growth from 2024 to 2025 was slightly negative at -0.98%, but the company has shown resilience in maintaining profitability.

Balance Sheet

The company's balance sheet reflects a solid financial position with a low debt-to-equity ratio of 0.04, indicating low leverage risk. The return on equity (ROE) has improved to 8.78%, showcasing efficient utilization of equity to generate profits. The equity ratio stands at 51.53%, highlighting a strong equity base supporting the company's assets.

Cash Flow

Operating cash flow decreased to ¥4,334 million in 2025, but free cash flow remained robust at ¥4,162 million. The free cash flow to net income ratio was healthy at 1.23, indicating strong cash generation relative to net income. However, the drop in operating cash flow requires monitoring to ensure future liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	155.81B	156.73B	158.28B	156.66B	143.03B	130.20B
Gross Profit	13.29B	12.55B	11.55B	11.70B	10.89B	9.31B
EBITDA	5.62B	5.01B	4.39B	3.59B	3.93B	2.08B
Net Income	3.60B	3.38B	2.75B	1.72B	2.41B	1.20B
Balance Sheet
Total Assets	75.10B	74.63B	85.36B	80.72B	76.42B	70.05B
Cash, Cash Equivalents and Short-Term Investments	8.51B	8.38B	9.60B	8.42B	5.25B	9.44B
Total Debt	3.60B	1.60B	4.99B	7.95B	6.44B	4.37B
Total Liabilities	36.74B	35.72B	46.57B	44.80B	40.45B	35.34B
Stockholders Equity	37.76B	38.47B	38.31B	35.48B	35.68B	34.43B
Cash Flow
Free Cash Flow	0.00	4.16B	5.43B	4.01B	-3.38B	3.96B
Operating Cash Flow	0.00	4.33B	5.66B	4.07B	-3.31B	4.49B
Investing Cash Flow	0.00	350.00M	-202.00M	804.00M	-320.00M	-542.00M
Financing Cash Flow	0.00	-5.81B	-4.35B	-1.72B	-670.00M	-1.65B

Meiwa Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 860.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8103, the sentiment is Positive. The current price of 860 is above the 20-day moving average (MA) of 808.25, above the 50-day MA of 836.02, and above the 200-day MA of 739.56, indicating a bullish trend. The MACD of 1.60 indicates Negative momentum. The RSI at 60.94 is Neutral, neither overbought nor oversold. The STOCH value of 91.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8103.

Meiwa Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9845	79 Outperform	¥29.36B	8.70	―	2.30%	-0.94%	51.59%
8147	76 Outperform	¥6.18B	12.05	―	1.80%	11.54%	33.71%
8103	75 Outperform	¥34.39B	9.61	―	4.67%	-3.82%	18.03%
8052	73 Outperform	¥51.03B	9.54	―	2.93%	16.06%	31.78%
7628	66 Neutral	¥25.86B	15.73	―	3.15%	-2.82%	48.74%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
8089	63 Neutral	¥20.98B	6.60	―	3.75%	12.31%	90.88%

Meiwa Corporation Corporate Events

Meiwa Corporation’s Q2 Financial Performance: Income Rises Amid Sales Decline

Meiwa Corporation reported a 1.8% decline in net sales for the second quarter of the fiscal year ending March 2026, while income rose by 14.4%. The company experienced strong sales in Business Division 1, stable sales in Business Division 3, but sluggish performance in Business Division 2 and the Battery & Automotive Division. Despite market calm and foreign exchange losses, operating income increased due to high-margin product sales, aligning with forecasts for a net income of ¥3.0 billion and maintaining a projected dividend of ¥38 per share.

The most recent analyst rating on (JP:8103) stock is a Buy with a Yen1013.00 price target. To see the full list of analyst forecasts on Meiwa Corporation stock, see the JP:8103 Stock Forecast page.