Media Research Institute, Inc. (9242) AI Stock Analysis

• Market Cap: ¥2.29B
• Dividend Yield: 1.03%
• Average Volume (3M): 3.85K
• Price to Earnings (P/E): 1.5
• Beta (1Y): 0.77
• Revenue Growth: 29.39%
• EPS Growth: 116.52%
• Country: JP
• Employees: 63
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 327.88
• Shares Outstanding: 1,232,300
• 10 Day Avg. Volume: 1,600
• 30 Day Avg. Volume: 3,846
• PEG Ratio: 0.07
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 1.08
• P/FCF Ratio: 5.90
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 81 Outperform
• Price Target: ¥2,353.00 ▲(15.51% Upside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is primarily driven by strong financial quality (notably a debt-free balance sheet and solid profitability) and supportive technical trends with price above key moving averages. Valuation is also reasonably attractive on P/E, though the modest dividend yield and evidence of margin compression and cash-flow variability temper the overall rating.

Positive Factors

Debt-free balance sheet

A zero-debt profile materially reduces refinancing and interest-rate risk and preserves financial optionality. Over the next 2–6 months this supports resilience through downturns, enables opportunistic M&A or buybacks, and lowers fixed financial costs, strengthening long-term capital flexibility.

Multi-year revenue growth and scale

Consistent top-line expansion more than doubles scale since 2020, indicating sustained market demand and successful client acquisition. Scale increases bargaining power and operating leverage, which can support margin recovery and competitive positioning over a multi-quarter horizon.

Strong 2025 cash generation

Operating and free cash flow parity with net income in 2025 shows the business can convert earnings to cash when working-capital dynamics normalize. Reliable cash generation funds reinvestment, dividends or strategic initiatives without new debt, reinforcing long-term financial sustainability.

Negative Factors

Margin compression since 2021

Net and EBIT margins have materially declined to ~14% and ~19% by 2025, suggesting persistent pricing pressure, mix shifts, or higher operating costs. If structural, this reduces return on invested capital and limits the firm’s ability to expand operating profit absent strategic cost or pricing actions.

Volatile cash conversion / working capital

A 0.58x cash conversion in 2024 signals working-capital or timing issues that can create cash shortfalls despite accounting profits. Persistent volatility complicates capital allocation, limits predictable funding for growth or payouts, and raises execution risk over coming quarters.

Recent EPS decline

A >20% EPS contraction reflects profitability pressures that may stem from margin erosion or one-offs. Continued EPS weakness would constrain reinvestment and shareholder return capacity, and signal the business must either improve margins or grow higher-quality revenue to restore earnings momentum.

Media Research Institute, Inc. Business Overview & Revenue Model

Company Description

Media Research Institute,Inc. engages in the student event business in Japan. The company plans, manages, and implements employment-related projects. The company was incorporated in 1993 and is headquartered in Fukuoka City, Japan.

Media Research Institute, Inc. Financial Statement Overview

Summary

Strong multi-year revenue growth and solid profitability, supported by an exceptionally conservative, debt-free balance sheet. Offsetting factors are margin compression since the 2021 peak and some volatility in cash conversion (notably weaker operating cash flow vs. earnings in 2024).

Income Statement

Revenue has grown strongly over the last several years (from 702.7M in 2020 to 1.54B in 2025), and profitability remains solid with a 2025 net margin of ~14% and EBIT margin of ~19%. That said, margins have trended down from the 2021 peak (net margin ~20%, EBIT margin ~27%), suggesting some normalization in pricing, mix, or costs even as scale improves.

Balance Sheet

The balance sheet is very conservatively positioned with zero debt across all reported periods, reducing refinancing and interest-rate risk. Equity and assets have expanded meaningfully (equity: 440M in 2020 to 1.52B in 2025), while returns on equity are healthy (2025 ~14%), though down from the unusually high levels seen in 2020–2021.

Cash Flow

Cash generation is generally supportive, with 2025 operating cash flow of 281M and free cash flow matching that level, and free cash flow roughly in line with net income (about 1.0x). The main weakness is volatility in cash conversion—operating cash flow lagged earnings in 2024 (about 0.58x), indicating working-capital or timing impacts that investors will want to see stabilize.

Breakdown	Jul 2025	Jul 2024	Jul 2023	Jul 2022	Jul 2021
Income Statement
Total Revenue	1.54B	1.16B	955.25M	776.15M	671.34M
Gross Profit	1.09B	874.06M	715.39M	603.46M	533.60M
EBITDA	327.00M	209.00M	220.95M	212.58M	211.69M
Net Income	217.00M	105.07M	121.68M	131.19M	137.18M
Balance Sheet
Total Assets	1.79B	1.55B	1.36B	1.20B	713.21M
Cash, Cash Equivalents and Short-Term Investments	1.39B	1.11B	1.08B	1.07B	578.81M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	262.46M	245.07M	175.45M	152.42M	135.78M
Stockholders Equity	1.52B	1.31B	1.18B	1.05B	577.43M
Cash Flow
Free Cash Flow	281.00M	124.75M	123.77M	122.29M	187.94M
Operating Cash Flow	281.00M	128.25M	163.26M	160.39M	204.24M
Investing Cash Flow	-1.00M	-117.97M	-161.39M	-8.57M	3.87M
Financing Cash Flow	1.10M	17.28M	8.63M	339.76M	-924.00K

Media Research Institute, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2037.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9242, the sentiment is Negative. The current price of 2037 is above the 20-day moving average (MA) of 1935.60, above the 50-day MA of 1997.62, and above the 200-day MA of 1720.01, indicating a neutral trend. The MACD of -29.24 indicates Positive momentum. The RSI at 38.30 is Neutral, neither overbought nor oversold. The STOCH value of 15.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9242.

Media Research Institute, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9242	81 Outperform	¥2.29B	1.46	―	1.03%	29.39%	116.52%
9253	71 Outperform	¥2.02B	-26.16	―	―	―	―
7043	64 Neutral	¥2.10B	6.56	―	0.66%	14.27%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
4766	63 Neutral	¥2.47B	38.75	―	―	8.11%	255.15%
7064	57 Neutral	¥2.56B	-26.57	―	―	14.50%	-51.06%
9331	44 Neutral	¥1.38B	30.71	―	―	3.33%	-80.47%