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Mitsuboshi Belting Ltd.
(5192)
Select Model
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Rating:74Outperform
Price Target:
¥5,046.00
▲(36.19% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by solid financial quality (especially a very low-debt balance sheet) but moderated by weaker and volatile free cash flow conversion and some recent margin compression. Technicals are supportive with a strong uptrend, though near-overbought readings reduce conviction, while valuation is helped by a reasonable P/E and a high dividend yield.
Positive Factors
Steady Revenue Growth
The company has expanded revenue since 2021 and reached 92.3B in 2026. Continued sales growth across industrial and automotive belt applications supports scale, customer relevance, and the durability of its product-sales model.
Negative Factors
Recent Margin Compression
The latest decline in net and operating margins shows that growth is not translating fully into earnings. If this reflects persistent cost or pricing pressure, it could constrain profit expansion and weaken returns over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
The company has expanded revenue since 2021 and reached 92.3B in 2026. Continued sales growth across industrial and automotive belt applications supports scale, customer relevance, and the durability of its product-sales model.
Read all positive factors
Mitsuboshi Belting Ltd. (5192) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥121.67B
Dividend Yield4.34%
Average Volume (3M)73.69K
Price to Earnings (P/E)15.5
Beta (1Y)0.78
Revenue Growth5.29%
EPS Growth20.13%
CountryJP
Employees4,568
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)284.53
Shares Outstanding31,104,198
10 Day Avg. Volume62,800
30 Day Avg. Volume73,690
Financial Highlights & Ratios
PEG Ratio-0.84
Price to Book (P/B)1.09
Price to Sales (P/S)1.20
P/FCF Ratio43.36
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)336.2
Revenue Forecast (FY)¥95.75B
Mitsuboshi Belting Ltd. Business Overview & Revenue Model
Company Description
Headquartered in Kobe, Japan, Mitsuboshi Belting Ltd. is a global enterprise founded in 1919. The company specializes in the production and sale of a wide array of industrial products. Its core business encompasses various types of belts, includin...
How the Company Makes Money
Mitsuboshi Belting makes money mainly by manufacturing and selling belts and belt-related products to industrial and automotive customers. Its revenue model is largely product-sales driven: (1) Industrial power transmission and conveying: The comp...
Mitsuboshi Belting Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 95.17B | 92.30B | 90.51B | 84.01B | 82.91B | 74.87B |
| Gross Profit | 29.45B | 28.12B | 28.09B | 25.55B | 26.57B | 23.43B |
| EBITDA | 15.55B | 13.28B | 17.48B | 14.61B | 13.13B | 12.65B |
| Net Income | 7.97B | 7.39B | 9.06B | 7.10B | 7.07B | 6.38B |
Balance Sheet | ||||||
| Total Assets | 131.83B | 129.88B | 128.16B | 135.63B | 121.68B | 118.96B |
| Cash, Cash Equivalents and Short-Term Investments | 27.97B | 27.76B | 31.58B | 35.85B | 35.31B | 34.71B |
| Total Debt | 1.75B | 2.00B | 5.67B | 6.42B | 8.94B | 4.74B |
| Total Liabilities | 29.82B | 28.26B | 32.37B | 37.38B | 34.08B | 32.08B |
| Stockholders Equity | 102.01B | 101.62B | 95.79B | 98.25B | 87.60B | 86.88B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.54B | 758.00M | 6.88B | 3.74B | 2.99B |
| Operating Cash Flow | 0.00 | 10.31B | 7.75B | 11.93B | 9.34B | 9.04B |
| Investing Cash Flow | 0.00 | -7.05B | -3.62B | -2.67B | -7.00B | -7.38B |
| Financing Cash Flow | 0.00 | -9.36B | -8.24B | -9.47B | -3.74B | -3.25B |
Mitsuboshi Belting Ltd. Technical Analysis
Positive
3705.00
Price Trends
4138.60
Positive
4051.05
Positive
3971.09
Positive
Market Momentum
82.42
Positive
60.12
Neutral
43.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5192, the sentiment is Positive. The current price of 3705 is below the 20-day moving average (MA) of 4343.50, below the 50-day MA of 4138.60, and below the 200-day MA of 3971.09, indicating a bullish trend. The MACD of 82.42 indicates Positive momentum. The RSI at 60.12 is Neutral, neither overbought nor oversold. The STOCH value of 43.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5192.
Mitsuboshi Belting Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥104.84B | 9.57 | ― | 3.82% | 6.10% | 397.23% | |
76 Outperform | ¥100.10B | 2.38 | ― | 1.43% | 17.81% | 1080.76% | |
74 Outperform | ¥121.67B | 15.48 | ― | 4.64% | 5.29% | 20.13% | |
74 Outperform | ¥284.21B | 9.21 | 11.15% | 3.85% | 13.51% | 48.95% | |
69 Neutral | ¥32.92B | 11.86 | ― | 2.13% | 2.42% | 406.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ¥174.40B | 17.89 | ― | 3.47% | 7.24% | 4.67% |
* Industrials Sector Average
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Mitsuboshi Belting Ltd. Corporate Events
Mitsuboshi Belting Lifts Q1 Profits and Ups Dividend Amid Revised FY2027 Outlook
Aug 7, 2026
Mitsuboshi Belting reported consolidated net sales of ¥25.2 billion for the quarter ended June 30, 2026, up 12.9% year on year, with operating profit surging 37.3% to ¥3.29 billion and profit attributable to owners of parent rising 27.8%...
Mitsuboshi Belting Ups Earnings and Dividend Forecasts on Strong Overseas Demand and Weak Yen
Aug 7, 2026
Mitsuboshi Belting Ltd. has raised its first-half and full-year consolidated earnings forecasts for the fiscal year ending March 31, 2027, citing stronger-than-expected first-quarter results driven by robust overseas sales and the positive impact ...
Mitsuboshi Belting Launches ¥1 Billion Share Buyback to Bolster Capital Policy
Aug 7, 2026
Mitsuboshi Belting Ltd. has approved a share buyback as part of its financial strategy and shareholder return measures under its 2024 mid‑term business plan, aiming to maintain a flexible capital structure amid changing business conditions. ...
Mitsuboshi Belting Completes Restricted Stock Compensation Using Treasury Shares
Jul 13, 2026
Mitsuboshi Belting Ltd. has completed payment procedures for the disposal of 23,051 shares of its treasury stock as restricted stock compensation, following a June 26, 2026 board resolution. The shares, priced at JPY 3,960 each for a total of JPY ...
Mitsuboshi Belting to Grant Restricted Treasury Shares to Executives
Jun 26, 2026
Mitsuboshi Belting Ltd. has approved the disposal of 23,051 shares of its treasury stock as restricted stock compensation for five internal directors and 11 executive officers. The shares, priced at ¥3,960 each for a total of about ¥91.3...
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.