Meitec Corporation (JP:9744)
:9744
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Meitec
(9744)
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Rating:74Outperform
Price Target:
¥3,326.00
▼(-7.04% Downside)
Action:Reiterated
Date:05/13/26
The score is driven primarily by strong financial quality (debt-free balance sheet, solid profitability, and strong cash conversion) and supportive valuation via a high dividend yield and moderate P/E. These positives are partially offset by weak technicals, with the stock trading below key moving averages and showing negative momentum despite oversold readings.
Positive Factors
Debt-free balance sheet
Zero total debt delivers low financial risk and high strategic flexibility. Over the next 2–6 months this reduces insolvency risk, lowers financing costs, and supports stable capital allocation (dividends, buybacks, selective investment) while preserving resilience through economic cycles.
Negative Factors
Slowing top-line growth
Decelerating revenue growth signals a maturing market position or demand softness in key client sectors. Over months this can compress earnings leverage, reduce scope for margin expansion, and limit internal cash growth unless new service lines or clients are added.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero total debt delivers low financial risk and high strategic flexibility. Over the next 2–6 months this reduces insolvency risk, lowers financing costs, and supports stable capital allocation (dividends, buybacks, selective investment) while preserving resilience through economic cycles.
Read all positive factors
Meitec (9744) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥231.28B
Dividend Yield5.57%
Average Volume (3M)338.79K
Price to Earnings (P/E)15.5
Beta (1Y)0.51
Revenue Growth3.47%
EPS Growth18.14%
CountryJP
Employees12,365
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)166.43
Shares Outstanding78,000,000
10 Day Avg. Volume394,070
30 Day Avg. Volume338,786
Financial Highlights & Ratios
PEG Ratio0.92
Price to Book (P/B)5.18
Price to Sales (P/S)1.83
P/FCF Ratio16.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,033.33Price Target Upside-15.22% Downside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)183.58
Revenue Forecast (FY)¥142.48B
Meitec Business Overview & Revenue Model
Company Description
Meitec Corporation provides dispatch engineering solutions to manufacturing companies in Japan. It offers engineering solutions, including mechanical design, electrical/electronic design, software development, chemical engineering, and analysis/ev...
How the Company Makes Money
Meitec makes money mainly by providing engineering talent and technical services to corporate customers on an outsourced basis. Its core revenue stream is fees billed to clients for engineers assigned to projects (often structured as time-based/co...
Meitec Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 134.24B | 137.69B | 133.07B | 126.98B | 119.07B | 107.14B |
| Gross Profit | 36.09B | 36.29B | 35.93B | 34.23B | 32.71B | 28.22B |
| EBITDA | 19.23B | 20.17B | 19.12B | 18.02B | 16.88B | 13.37B |
| Net Income | 12.85B | 15.05B | 12.74B | 12.34B | 12.25B | 9.24B |
Balance Sheet | ||||||
| Total Assets | 80.83B | 89.81B | 93.61B | 90.76B | 84.98B | 82.00B |
| Cash, Cash Equivalents and Short-Term Investments | 42.30B | 52.84B | 53.01B | 52.74B | 51.03B | 49.71B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 37.24B | 41.05B | 44.83B | 43.06B | 38.26B | 36.71B |
| Stockholders Equity | 43.59B | 48.76B | 48.78B | 47.70B | 46.72B | 45.29B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 15.24B | 13.31B | 14.56B | 12.68B | 13.46B |
| Operating Cash Flow | 0.00 | 15.25B | 13.45B | 14.67B | 12.81B | 13.53B |
| Investing Cash Flow | 0.00 | 13.00M | -998.00M | -1.06B | -446.00M | -270.00M |
| Financing Cash Flow | 0.00 | -15.43B | -12.19B | -11.89B | -11.04B | -8.69B |
Meitec Technical Analysis
Negative
3578.00
Price Trends
3145.73
Negative
3268.88
Negative
3229.44
Negative
Market Momentum
-38.69
Negative
41.20
Neutral
55.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9744, the sentiment is Negative. The current price of 3578 is above the 20-day moving average (MA) of 3022.95, above the 50-day MA of 3145.73, and above the 200-day MA of 3229.44, indicating a bearish trend. The MACD of -38.69 indicates Negative momentum. The RSI at 41.20 is Neutral, neither overbought nor oversold. The STOCH value of 55.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9744.
Meitec Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥14.72T | 30.04 | 27.29% | 0.27% | 3.93% | 29.13% | |
74 Outperform | ¥231.28B | 15.52 | 28.98% | 5.57% | 3.47% | 18.14% | |
69 Neutral | ¥522.63B | 12.15 | 19.18% | 3.59% | 7.21% | 20.34% | |
69 Neutral | ¥107.61B | 13.95 | ― | 7.51% | -14.32% | -17.67% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
42 Neutral | ¥56.32B | -12.49 | -6.02% | 0.77% | -3.21% | -104.97% |
* Industrials Sector Average
JP:9744
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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.