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Mitsuboshi Belting Ltd. (5192) AI Stock Analysis

JP:5192

Mitsuboshi Belting Ltd.

(TSE/TYO:5192)

Select Model
Rating:75Outperform
Price Target:JPY 5,068.00â–²(22.12% Upside)
Action:reiterated
Date:08/17/26

Mitsuboshi Belting receives a score of 75, reflecting its strong financial health, particularly its robust balance sheet and consistent revenue growth, tempered by recent margin compression. The stock's technical picture shows a solid uptrend but is currently overbought, indicating possible short-term pullback risk. Valuation is reasonable with an attractive dividend yield. Overall, the company presents a solid investment with moderate upside potential.

Positive Factors
Steady Revenue GrowthThe 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 CompressionThe 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.

Mitsuboshi Belting Ltd. (5192) vs. iShares MSCI Japan ETF (EWJ)

-5%0%5%10%15%20%25%30%JP:5192+18.33%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 116.95B
Dividend Yield
4.61%
Average Volume (3M)
74.34K
Price to Earnings (P/E)
14.7
Beta (1Y)
0.78
Revenue Growth
5.29%
EPS Growth
20.13%
Country
Japan
Employees
4,568
Sector
Industrials
Sector Strength
63
Industry
Industrial - Machinery

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, including t...

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 company...

Mitsuboshi Belting Ltd. Financial Statement Overview

Summary

Mitsuboshi Belting has shown consistent revenue growth (5-year CAGR 7.3%) and healthy gross margins (~30%), though net margin declined to 8.0% in FY2026. The balance sheet is exceptionally strong with minimal debt (debt-to-equity 0.02) and high equity, providing financial flexibility. Operating cash flow is robust (Â¥10.3B in FY2026), but high capex limits free cash flow. Overall, the company maintains a solid financial foundation.

Income Statement

65Positive

Balance Sheet

90Very Positive

Cash Flow

75Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue95.17B92.30B90.51B84.01B82.91B74.87B
Gross Profit29.45B28.12B28.09B25.55B26.57B23.43B
EBITDA15.57B13.28B17.48B14.61B13.13B12.65B
Net Income7.97B7.39B9.06B7.10B7.07B6.38B
Balance Sheet
Total Assets131.83B129.88B128.16B135.63B121.68B118.96B
Cash, Cash Equivalents and Short-Term Investments27.97B27.76B31.58B35.85B35.31B34.71B
Total Debt1.75B2.00B5.67B6.42B8.94B4.74B
Total Liabilities29.82B28.26B32.37B37.38B34.08B32.08B
Stockholders Equity102.01B101.62B95.79B98.25B87.60B86.88B
Cash Flow
Free Cash Flow02.54B758.00M6.88B3.74B2.99B
Operating Cash Flow010.31B7.75B11.93B9.34B9.04B
Investing Cash Flow0-7.05B-3.62B-2.67B-7.00B-7.38B
Financing Cash Flow0-9.36B-8.24B-9.47B-3.74B-3.25B

Mitsuboshi Belting Ltd. Technical Analysis

Technical Analysis SentimentNeutral
Last Price4150.00

Price Trends

50DMA4223.92Negative
100DMA4096.91Positive
200DMA3999.48Positive

Market Momentum

MACD6.80Negative
RSI48.10Neutral
STOCH29.29Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5192, the sentiment is Neutral. The current price of 4150.00 is below the 20-day moving average (MA) of 4191.75, below the 50-day MA of 4223.92, and above the 200-day MA of 3999.48, indicating a neutral trend. The MACD of 6.80 indicates Negative momentum. The RSI at 48.10 is Neutral, neither overbought nor oversold. The STOCH value of 29.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:5192.

Mitsuboshi Belting Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

JP:5192 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:6371JP:637178OutperformJPY 279.69B9.0610.37%3.00%20.08%36.75%
JP:5195JP:519577OutperformJPY 103.79B9.47―5.27%6.10%397.23%
JP:7279JP:727975OutperformJPY 80.84B1.74―3.71%32.09%3129.41%
JP:5192JP:519275OutperformJPY 115.73B14.73―4.61%5.29%20.13%
JP:6151JP:615169NeutralJPY 29.59B10.66―2.28%2.42%406.25%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
JP:8051JP:805163NeutralJPY 169.87B17.43―2.82%7.24%4.67%

* Industrials Sector Average

Performance Comparison

-20%0%20%40%JP:5192JP:6371JP:5195JP:6151JP:7279JP:8051Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:5192 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:5192Mitsuboshi Belting Ltd.4190.00644.2018.17%
JP:6371Tsubakimoto Chain Co.2665.00570.6327.25%
JP:5195Bando Chemical Industries Ltd.2468.00640.1935.02%
JP:6151Nitto Kohki Co., Ltd.1581.00-95.95-5.72%
JP:7279Hi-Lex Corporation2157.00-623.20-22.42%
JP:8051Yamazen Corporation1912.00530.9038.44%

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% to...

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 of...

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. The...

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 91,...

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 mi...

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