Meiwa Corporation (JP:8103)
:8103
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Meiwa Corporation
(8103)
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Rating:67Neutral
Price Target:
¥892.00
▼(-5.71% Downside)
Action:DowngradedDate:03/10/26
The score is supported primarily by solid financial fundamentals (low leverage, improving profitability, and robust free cash flow) and a favorable income component (4.50% dividend yield with a reasonable P/E). These positives are meaningfully offset by weak technicals, with the stock trading below key moving averages and showing bearish momentum (negative MACD and near-oversold RSI).
Positive Factors
Low leverage and strong equity base
Exceptionally low debt and a >50% equity ratio give durable financial flexibility. This structural balance-sheet strength reduces refinancing and solvency risk, enabling steady capital allocation, defensive resilience in downturns and capacity to fund operations or opportunistic investments.
Negative Factors
Slightly negative revenue trend
Modest revenue decline indicates limited top-line momentum and weak demand or pricing pressure in the distribution business. Over several months this can constrain operating leverage, making margin improvements harder to sustain and limiting the firm's ability to scale fixed-cost absorption.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and strong equity base
Exceptionally low debt and a >50% equity ratio give durable financial flexibility. This structural balance-sheet strength reduces refinancing and solvency risk, enabling steady capital allocation, defensive resilience in downturns and capacity to fund operations or opportunistic investments.
Read all positive factors
Meiwa Corporation (8103) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥32.45B
Dividend Yield4.05%
Average Volume (3M)117.26K
Price to Earnings (P/E)14.3
Beta (1Y)0.76
Revenue Growth-3.82%
EPS Growth18.03%
CountryJP
Employees518
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)16.53
Shares Outstanding40,332,400
10 Day Avg. Volume112,510
30 Day Avg. Volume117,260
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)0.73
Price to Sales (P/S)0.18
P/FCF Ratio6.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Meiwa Corporation Business Overview & Revenue Model
Company Description
Meiwa Corporation engages in the chemicals, lubricants, battery materials, automotive-related and mineral resource, and environmental-related businesses in Japan and internationally. Its battery materials include raw materials for primary componen...
How the Company Makes Money
null...
Meiwa Corporation Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
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 | 81.28B | 76.95B | 70.65B |
| 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 | 7.59B | 5.51B |
| Total Liabilities | 36.74B | 35.72B | 46.57B | 45.35B | 40.98B | 35.95B |
| 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
Neutral
946.00
Price Trends
851.81
Negative
849.71
Negative
797.61
Negative
Market Momentum
-14.98
Negative
45.36
Neutral
40.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8103, the sentiment is Neutral. The current price of 946 is above the 20-day moving average (MA) of 787.12, above the 50-day MA of 851.81, and above the 200-day MA of 797.61, indicating a neutral trend. The MACD of -14.98 indicates Negative momentum. The RSI at 45.36 is Neutral, neither overbought nor oversold. The STOCH value of 40.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8103.
Meiwa Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥110.23B | 14.20 | ― | 3.38% | 10.74% | -26.50% | |
78 Outperform | ¥48.00B | 5.27 | ― | 3.87% | 2.66% | -11.41% | |
73 Outperform | ¥53.65B | 13.47 | ― | 3.00% | 16.06% | 31.78% | |
67 Neutral | ¥32.45B | 14.30 | ― | 4.05% | -3.82% | 18.03% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥72.23B | 15.26 | ― | 3.17% | 5.95% | 23.97% | |
61 Neutral | ¥159.65B | 9.98 | ― | 2.42% | 9.74% | 6.48% |
* Industrials Sector Average
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Meiwa Corporation Corporate Events
Meiwa Sets Schedule for Share Buyback and Subsequent Share Cancellation
Mar 2, 2026
Meiwa Corporation has set the specific repurchase period for its previously announced share buyback program, confirming it will acquire its own common shares on the Tokyo Stock Exchange between March 10, 2026 and October 30, 2026. The buyback, aut...
Meiwa Sets Pricing for Secondary Share Offering and Over-Allotment
Mar 2, 2026
Meiwa Corporation has set the terms for a secondary offering of its common stock, establishing an offer price of 849 yen per share for a purchased and underwritten tranche totaling approximately 5.77 billion yen, with settlement scheduled for Marc...
Meiwa Corporation Announces Executive Changes and Signals Leadership Succession
Feb 19, 2026
Meiwa Corporation has announced a series of executive officer personnel changes effective April 1, 2026, including the reappointment of President and Executive Officer Takashi Yoshida and the elevation of Minoru Kuboaki to Senior Managing Executiv...
Meiwa Clears Interim Audit Ahead of Secondary Share Offering
Feb 19, 2026
Meiwa Corporation announced that an independent auditor has completed the interim review of its consolidated financial statements for the nine months ended December 31, 2025, confirming there are no changes from the figures disclosed on January 30...
Meiwa Launches Up to ¥2.5 Billion Share Buyback With Planned Cancellation in 2026
Feb 19, 2026
Meiwa Corporation’s board has approved a share repurchase program authorizing the buyback of up to 3.4 million common shares, equal to 8.43% of its outstanding stock excluding treasury shares. The repurchase, capped at 2.5 billion yen, will ...
Meiwa Launches Major Secondary Share Offering, Mitsubishi to Lose Affiliated Status
Feb 19, 2026
Meiwa Corporation has approved a large secondary offering of up to 6.8 million existing common shares, with the sale to be executed via purchase and underwriting by a designated securities firm, and an additional over-allotment option of up to 1.0...
Meiwa Raises Operating Income Forecast on Strong Chemicals Business and New Subsidiary
Jan 30, 2026
Meiwa Corporation has revised its consolidated earnings forecast for the fiscal year ending March 31, 2026, raising its operating income outlook from ¥3.2 billion to ¥3.8 billion while keeping net sales, ordinary income and net income pr...
Meiwa Corp Q3 Sales Edge Higher but Profits Slip on FX and Affiliate Losses
Jan 30, 2026
Meiwa Corporation reported a 1.2% year-on-year increase in net sales for the third quarter of the fiscal year ending March 31, 2026, driven by strong performance in Business Division 1 and the added contribution from newly acquired Takaroku Corpor...
Meiwa Reports Higher Sales but Lower Profit as Asset Base Expands and Dividend Outlook is Trimmed
Jan 30, 2026
Meiwa Corporation reported a slight 1.2% increase in net sales to ¥121.8 billion for the nine months ended December 31, 2025, but net income attributable to owners of the parent fell 11.0% to ¥2.18 billion as ordinary income declined, de...
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.