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MIYAJI ENGINEERING GROUP, INC.
(3431)
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Rating:74Outperform
Price Target:
¥1,810.00
▼(-3.72% Downside)
Action:Upgraded
Date:08/17/26
The score is driven primarily by strong financial resilience (low leverage and solid profitability) and supported by attractive valuation (reasonable P/E and a high dividend yield). Offsetting factors include volatile cash flow and the sharp FY2026 revenue decline, while technicals are moderately positive but not fully long-term bullish given the position below the 200-day average and near-overbought signals.
Positive Factors
Conservative Balance Sheet
Low leverage and a substantial equity base improve resilience through construction cycles, reduce dependence on external financing, and preserve flexibility to fund projects or absorb delays without excessive balance-sheet strain.
Negative Factors
Sharp Revenue Contraction
The sharp FY2026 contraction weakens visibility into the near-term revenue base and suggests that project awards, completions, or timing can materially affect scale. A smaller revenue base can also pressure operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and a substantial equity base improve resilience through construction cycles, reduce dependence on external financing, and preserve flexibility to fund projects or absorb delays without excessive balance-sheet strain.
Read all positive factors
MIYAJI ENGINEERING GROUP, INC. (3431) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥43.47B
Dividend Yield6.18%
Average Volume (3M)81.52K
Price to Earnings (P/E)15.1
Beta (1Y)0.58
Revenue Growth-27.67%
EPS Growth-45.04%
CountryJP
Employees814
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)123.08
Shares Outstanding27,677,816
10 Day Avg. Volume77,120
30 Day Avg. Volume81,523
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)1.07
Price to Sales (P/S)0.81
P/FCF Ratio6.87
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
MIYAJI ENGINEERING GROUP, INC. Business Overview & Revenue Model
Company Description
Operating through its subsidiaries, Miyaji Engineering Group, Inc. is a Japanese firm engaged in extensive construction and civil engineering activities nationwide. The company's expertise spans the entire lifecycle of steel structures, encompassi...
How the Company Makes Money
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MIYAJI ENGINEERING GROUP, INC. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 56.66B | 74.72B | 69.36B | 60.28B | 58.00B |
| Gross Profit | 9.85B | 14.20B | 12.83B | 9.05B | 9.24B |
| EBITDA | 6.65B | 10.89B | 9.24B | 6.35B | 7.08B |
| Net Income | 3.26B | 4.86B | 4.35B | 3.08B | 3.41B |
Balance Sheet | |||||
| Total Assets | 82.02B | 90.60B | 74.15B | 64.11B | 62.78B |
| Cash, Cash Equivalents and Short-Term Investments | 12.37B | 16.50B | 19.11B | 13.62B | 15.98B |
| Total Debt | 512.00M | 8.07B | 389.00M | 155.00M | 441.67M |
| Total Liabilities | 32.03B | 42.26B | 27.53B | 22.54B | 23.69B |
| Stockholders Equity | 42.84B | 40.48B | 39.70B | 35.51B | 33.38B |
Cash Flow | |||||
| Free Cash Flow | 6.66B | -5.16B | 7.06B | -615.00M | 10.84B |
| Operating Cash Flow | 10.94B | -2.65B | 8.84B | 495.00M | 11.92B |
| Investing Cash Flow | -4.09B | -2.46B | -1.54B | -711.00M | -1.19B |
| Financing Cash Flow | -10.98B | 2.50B | -1.80B | -2.15B | -3.27B |
MIYAJI ENGINEERING GROUP, INC. Technical Analysis
Negative
1880.00
Price Trends
1577.38
Negative
1573.27
Positive
1695.22
Negative
Market Momentum
4.94
Positive
41.62
Neutral
3.36
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3431, the sentiment is Negative. The current price of 1880 is above the 20-day moving average (MA) of 1614.45, above the 50-day MA of 1577.38, and above the 200-day MA of 1695.22, indicating a bearish trend. The MACD of 4.94 indicates Positive momentum. The RSI at 41.62 is Neutral, neither overbought nor oversold. The STOCH value of 3.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3431.
MIYAJI ENGINEERING GROUP, INC. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥44.56B | 9.13 | ― | 6.03% | -6.31% | 34.94% | |
78 Outperform | ¥46.53B | 9.19 | ― | 1.83% | 35.61% | 99.85% | |
75 Outperform | ¥46.57B | 10.46 | ― | 3.66% | -3.19% | 16.79% | |
74 Outperform | ¥43.47B | 15.09 | ― | 6.18% | -27.67% | -45.04% | |
67 Neutral | ¥47.69B | 19.67 | ― | 4.08% | -0.27% | -35.54% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | ¥43.27B | 8.06 | 7.91% | 4.53% | 9.61% | 324.26% |
* Industrials Sector Average
JP:3431
MIYAJI ENGINEERING GROUP, INC.
1,577.00
-450.37
-22.21%
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MIYAJI ENGINEERING GROUP, INC. Corporate Events
Miyaji Engineering Completes ¥575 Million Share Buyback to Boost Capital Efficiency
Aug 7, 2026
Miyaji Engineering Group, Inc. has completed a buyback of 363,000 common shares, representing about 1.4% of its outstanding stock excluding treasury shares, at a total cost of ¥574,992,000. The transaction was executed on August 7, 2026 throu...
Miyaji Engineering Group Launches Targeted Share Buyback to Boost Capital Efficiency
Aug 6, 2026
Miyaji Engineering Group will repurchase up to 400,000 of its own common shares, representing about 1.5% of its outstanding stock, through the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system. The buyback, capped at approximately ¥63...
Miyaji Engineering Shifts to Capital-Cost-Focused Management as Orders and Profits Decline
Aug 6, 2026
Miyaji Engineering Group has assessed its progress under its FY2022–FY2026 medium-term plan, which aims for an operating margin and ROE of at least 10% and an equity ratio of 55%, supported by strong performance in large bridge and expresswa...
Miyaji Engineering Profit Slumps as Sales Slide, Outlook Remains Weak
Aug 6, 2026
Miyaji Engineering Group reported a sharp downturn in performance for the three months ended June 30, 2026, with net sales falling 22.4% year-on-year to ¥11.4 billion and operating profit plunging 76.3% to ¥341 million. Ordinary profit d...
MIYAJI Engineering Group Details FY2025 Results and Strategic Roadmap
May 22, 2026
MIYAJI ENGINEERING GROUP, INC. has released materials for its financial results briefing for the fiscal year ended March 31, 2026, covering detailed FY2025 performance and outlook. The briefing also outlines forecasts for FY2026, progress on the c...
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.