Mie Kotsu Group Holdings, Inc. (3232) AI Stock Analysis

Mie Kotsu Group Holdings, Inc.

(TSE/TYO:3232)

Select Model

Rating:77Outperform

Price Target:JPY 692.00▲(22.48% Upside)

Action:upgraded

Date:08/17/26

Mie Kotsu receives a score of 77, reflecting its solid financial health, positive technical trend, and attractive valuation. The company has demonstrated strong revenue growth, improved profitability, and a strengthened balance sheet, though recent negative free cash flow due to capital expenditures warrants monitoring. The stock's price action is above key moving averages with bullish momentum, and its low P/E and healthy dividend yield suggest it is undervalued. These factors combine to present a favorable investment profile.

Positive Factors

Revenue and earnings recoveryMulti-year revenue growth and a sustained return to profitability indicate improving scale and business performance rather than a single-period recovery. This creates a stronger earnings base for the next several quarters and supports continued investment in the group’s transportation and adjacent service businesses.

Negative Factors

Meaningful leverageDebt remains high in absolute terms and exceeds equity, leaving the company exposed to greater financial pressure if earnings weaken or funding costs rise. This leverage can limit flexibility for investment, acquisitions, or shareholder distributions while obligations remain elevated over the medium term.

Mie Kotsu Group Holdings, Inc. (3232) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 56.49B
Dividend Yield: 3.14%
Average Volume (3M): 255.19K
Price to Earnings (P/E): 8.8
Beta (1Y): 0.70
Revenue Growth: 10.25%
EPS Growth: 6.33%
Country: Japan
Employees: 3,072
Sector: General
Sector Strength: 55
Industry: Conglomerates

Mie Kotsu Group Holdings, Inc. Business Overview & Revenue Model

Company Description

Mie Kotsu Group Holdings, Inc. is a multifaceted Japanese company engaged in transportation, real estate, retail, and leisure services. Its transportation offerings include transit, charter, and intercity express bus lines, as well as limousine servi...

How the Company Makes Money

The company makes money primarily through its operating subsidiaries rather than at the holding-company level. Key revenue streams include: (1) Transportation and mobility services: fare revenue from passenger transportation services operated by grou...

Mie Kotsu Group Holdings, Inc. Financial Statement Overview

Summary

Mie Kotsu shows robust revenue growth and profitability, with expanding margins and a strengthened balance sheet (debt/equity down to 1.16). However, free cash flow has turned negative due to high capex, tempering the overall financial score.

Income Statement

78Positive

Balance Sheet

82Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	112.72B	110.26B	103.85B	98.22B	93.12B	84.35B
Gross Profit	31.46B	30.99B	24.99B	23.35B	22.12B	18.15B
EBITDA	15.63B	15.24B	13.52B	12.16B	11.24B	8.49B
Net Income	6.44B	6.25B	6.06B	4.75B	3.77B	2.21B
Balance Sheet
Total Assets	196.15B	191.51B	181.61B	181.29B	167.90B	165.15B
Cash, Cash Equivalents and Short-Term Investments	5.36B	4.73B	5.42B	9.67B	9.33B	7.38B
Total Debt	84.98B	81.09B	79.19B	80.67B	79.60B	82.38B
Total Liabilities	122.58B	120.98B	118.43B	121.96B	115.12B	116.76B
Stockholders Equity	73.16B	70.14B	62.83B	59.01B	52.47B	48.10B
Cash Flow
Free Cash Flow	0	-1.01B	-1.57B	70.79M	5.88B	4.62B
Operating Cash Flow	0	7.87B	9.10B	6.37B	8.36B	8.73B
Investing Cash Flow	0	-8.86B	-11.26B	-5.63B	-2.49B	-5.15B
Financing Cash Flow	0	261.41M	-2.69B	-52.65M	-3.71B	-3.86B

Mie Kotsu Group Holdings, Inc. Technical Analysis

Technical Analysis SentimentNeutral

Last Price565.00

Price Trends

50DMA576.42Negative

100DMA553.08Positive

200DMA545.45Positive

Market Momentum

MACD-4.36Positive

RSI46.28Neutral

STOCH20.22Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3232, the sentiment is Neutral. The current price of 565.00 is below the 20-day moving average (MA) of 565.70, below the 50-day MA of 576.42, and above the 200-day MA of 545.45, indicating a neutral trend. The MACD of -4.36 indicates Positive momentum. The RSI at 46.28 is Neutral, neither overbought nor oversold. The STOCH value of 20.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3232.

Mie Kotsu Group Holdings, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:3232 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:3232	77Outperform	JPY 56.02B	8.77	―	3.14%	10.25%	6.33%
JP:9048	68Neutral	JPY 367.63B	12.73	―	2.14%	-1.89%	-15.16%
JP:9045	66Neutral	JPY 337.65B	10.06	10.10%	2.99%	9.62%	21.02%
JP:9010	63Neutral	JPY 141.83B	27.77	―	1.20%	3.17%	18.11%
JP:9041	62Neutral	JPY 663.75B	12.12	9.20%	1.86%	1.93%	22.25%
JP:9003	61Neutral	JPY 251.66B	9.62	―	2.92%	8.74%	35.24%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

JP:3232 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:3232	Mie Kotsu Group Holdings, Inc.	565.00	52.80	10.31%
JP:9045	Keihan Holdings Co	3388.00	343.34	11.28%
JP:9041	Kintetsu Group Holdings Co	3531.00	687.54	24.18%
JP:9003	Sotetsu Holdings, Inc.	2582.50	102.36	4.13%
JP:9010	Fuji Kyuko Co., Ltd.	2631.00	113.58	4.51%
JP:9048	Nagoya Railroad Co., Ltd.	1895.00	257.40	15.72%

Mie Kotsu Group Holdings, Inc. Corporate Events

Mie Kotsu Completes Restricted Stock Compensation Share Disposal

Aug 14, 2026

Mie Kotsu Group Holdings, Inc. has completed payment procedures for the disposal of 242,800 treasury shares used as restricted stock compensation for its leadership group. The shares, priced at 545 yen each for a total of 132,326,000 yen, were alloca...

Mie Kotsu Group Delivers Strong Q1 but Guides Softer Profits as It Raises Dividend

Aug 5, 2026

Mie Kotsu Group Holdings reported a solid start to the fiscal year, with operating revenue for the three months ended June 30, 2026 rising 10.4% year-on-year to ¥26.1 billion and profit attributable to owners of parent up 9.2% to ¥2.26 bill...

Mie Kotsu Group to Grant Treasury Shares as Long-Term Restricted Stock Pay

Jul 16, 2026

Mie Kotsu Group Holdings has approved the disposal of 242,800 treasury shares as restricted stock compensation for 58 individuals, including directors, executive officers and directors of subsidiaries, at a price of 545 yen per share, totaling 132,32...

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.

Date of analysis: Aug 17, 2026

Mie Kotsu Group Holdings, Inc. AI Stock Analysis