Mitsubishi Research Institute (3636) AI Stock Analysis

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Mitsubishi Research Institute

(TSE/TYO:3636)

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Rating:67Neutral

Price Target:JPY 5,534.00▲(7.25% Upside)

Action:reiterated

Date:11/05/26

The overall score of 67 reflects a company with a very strong, low-risk financial foundation and an attractive valuation, offset by weak income statement trends. The fortress balance sheet and high dividend yield are the most significant strengths, providing a margin of safety. The primary risk is the company's inability to grow revenue and the resulting pressure on profit margins and return on equity, which prevents a higher score. The stock's technical trend is supportive but not a major driver.

Positive Factors

Conservative balance sheetVery low leverage and a steadily expanding equity base provide MRI with a substantial capital buffer. This reduces financial risk, supports resilience through demand fluctuations, and preserves flexibility to invest in research, consulting capabilities, and systems projects without depending heavily on borrowing.

Negative Factors

Uneven revenue growthChoppy revenue performance indicates that MRI has not established a consistently accelerating growth trajectory. Alternating expansion and contraction can make resource planning harder, reduce confidence in sustained operating momentum, and limit the scalability of earnings over the next several quarters.

Mitsubishi Research Institute (3636) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 80.85B
Dividend Yield: 3.49%
Average Volume (3M): 43.75K
Price to Earnings (P/E): 12.7
Beta (1Y): 0.73
Revenue Growth: 3.79%
EPS Growth: 0.50%
Country: Japan
Employees: 4,695
Sector: Technology
Sector Strength: 61
Industry: Information Technology Services

Mitsubishi Research Institute Business Overview & Revenue Model

Company Description

Mitsubishi Research Institute, Inc. (MRI) is a Japanese firm that delivers a wide array of strategic advisory, information technology, and research services. It caters to a diverse client base within Japan, encompassing governmental entities, financi...

How the Company Makes Money

MRI primarily generates revenue by delivering fee-based professional services and IT solution projects. A major revenue stream comes from commissioned research and consulting engagements, where clients (including central/local government bodies and p...

Mitsubishi Research Institute Financial Statement Overview

Summary

The company's financial profile is a tale of two halves. The balance sheet is exceptional, with negligible debt and strong liquidity, earning an 85 score. Cash flow has rebounded impressively, scoring 65. However, the income statement is a drag, scoring 45 due to stalled revenue growth and margin compression. The overall financial health is solid and conservative, but top-line stagnation and declining ROE are significant concerns.

Income Statement

45Neutral

Balance Sheet

85Very Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Sep 2026	Sep 2025	Sep 2024	Sep 2023	Sep 2022
Income Statement
Total Revenue	126.06B	126.06B	121.46B	115.36B	122.13B	116.62B
Gross Profit	28.91B	28.91B	30.26B	27.13B	27.72B	28.07B
EBITDA	12.93B	11.83B	13.72B	11.74B	13.40B	15.80B
Net Income	6.42B	6.42B	6.39B	5.00B	6.29B	7.71B
Balance Sheet
Total Assets	128.77B	128.77B	131.00B	121.90B	120.27B	116.44B
Cash, Cash Equivalents and Short-Term Investments	16.17B	16.17B	30.31B	30.93B	25.23B	33.16B
Total Debt	1.20B	1.20B	1.04B	1.11B	2.09B	3.53B
Total Liabilities	42.25B	42.25B	49.65B	45.52B	45.88B	45.28B
Stockholders Equity	77.32B	77.32B	71.92B	67.63B	65.80B	63.05B
Cash Flow
Free Cash Flow	0	5.46B	2.81B	12.18B	3.09B	7.94B
Operating Cash Flow	0	7.81B	6.42B	13.54B	5.70B	9.26B
Investing Cash Flow	0	-2.32B	-4.00B	-2.91B	-2.41B	-6.65B
Financing Cash Flow	0	-3.43B	-3.01B	-4.94B	-6.20B	-3.85B

Mitsubishi Research Institute Technical Analysis

Technical Analysis SentimentPositive

Last Price5160.00

Price Trends

50DMA5026.00Positive

100DMA4823.81Positive

200DMA4732.21Positive

Market Momentum

MACD7.09Positive

RSI52.24Neutral

STOCH52.79Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3636, the sentiment is Positive. The current price of 5160.00 is below the 20-day moving average (MA) of 5229.25, above the 50-day MA of 5026.00, and above the 200-day MA of 4732.21, indicating a neutral trend. The MACD of 7.09 indicates Positive momentum. The RSI at 52.24 is Neutral, neither overbought nor oversold. The STOCH value of 52.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3636.

Mitsubishi Research Institute Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

JP:3636 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:9682	86Outperform	JPY 178.81B	16.19	19.02%	3.11%	-0.18%	2.75%
JP:2317	81Outperform	JPY 161.57B	14.77	―	3.69%	6.46%	8.76%
JP:4725	79Outperform	JPY 33.04B	9.06	10.39%	5.22%	7.46%	2.94%
JP:9715	71Outperform	JPY 130.22B	11.53	9.06%	4.03%	5.92%	-16.28%
JP:3636	67Neutral	JPY 80.43B	12.66	―	3.49%	3.79%	0.50%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

* Technology Sector Average

Performance Comparison

JP:3636 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:3636	Mitsubishi Research Institute	5160.00	310.37	6.40%
JP:9682	DTS Corporation	1188.00	49.71	4.37%
JP:9715	transcosmos	3530.00	-1.09	-0.03%
JP:4725	CAC Holdings Corporation	1917.00	-41.72	-2.13%
JP:2317	Systena Corporation	461.00	-24.11	-4.97%

Mitsubishi Research Institute Corporate Events

Mitsubishi Research Institute Reports Higher Fiscal 2026 Sales and Profit

Nov 4, 2026

Mitsubishi Research Institute provides research, consulting and information-technology services to public-sector and corporate clients in Japan, with a focus on policy, business and technology solutions. The company reported consolidated net sales of...

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: Nov 05, 2026

Mitsubishi Research Institute AI Stock Analysis