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Mipox Corp.
(5381)
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Rating:55Neutral
Price Target:
¥988.00
▲(121.03% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily held back by weakened cash flow and negative free cash flow in 2026 alongside margin compression, despite a revenue recovery and return to profitability. Technical signals are mixed with only modest near-term support, while valuation appears reasonable but not compelling given cash-flow volatility.
Positive Factors
Recurring Consumable Demand
The consumable nature of polishing materials can support repeat purchasing and recurring B2B revenue. Long-term customer process compatibility and consistent quality may also strengthen supplier relationships in precision manufacturing.
Negative Factors
Negative Free Cash Flow
Negative free cash flow reduces internally generated funding for investment, debt reduction, and shareholder returns. The sharp reversal from 2025 and historically volatile operating cash flow indicate that working-capital and investment execution remain material risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Consumable Demand
The consumable nature of polishing materials can support repeat purchasing and recurring B2B revenue. Long-term customer process compatibility and consistent quality may also strengthen supplier relationships in precision manufacturing.
Read all positive factors
Mipox Corp. (5381) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥13.97B
Dividend Yield1.03%
Average Volume (3M)149.06K
Price to Earnings (P/E)17.2
Beta (1Y)1.80
Revenue Growth11.61%
EPS Growth72.14%
CountryJP
Employees497
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)56.83
Shares Outstanding14,451,920
10 Day Avg. Volume138,540
30 Day Avg. Volume149,060
Financial Highlights & Ratios
PEG Ratio-0.52
Price to Book (P/B)1.28
Price to Sales (P/S)0.95
P/FCF Ratio-43.73
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)57.8
Revenue Forecast (FY)¥13.00B
Mipox Corp. Business Overview & Revenue Model
Company Description
Operating both within Japan and globally, Mipox Corporation specializes in the provision of advanced polishing solutions. Their comprehensive product portfolio encompasses a wide array of polishing materials, including films, abrasive papers and c...
How the Company Makes Money
Mipox makes money primarily by selling manufactured polishing and finishing consumables to industrial customers. Its revenue model is centered on: (1) Product sales of abrasive and polishing materials used in customers’ production and finishing pr...
Mipox Corp. Financial Statement Overview
Summary
Income Statement
61
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.61B | 12.06B | 11.17B | 9.35B | 10.03B | 10.45B |
| Gross Profit | 5.08B | 4.52B | 4.25B | 2.58B | 3.46B | 4.55B |
| EBITDA | 1.92B | 1.36B | 1.58B | 579.65M | 1.04B | 1.81B |
| Net Income | 788.62M | 505.65M | 911.88M | -408.66M | 45.29M | 1.55B |
Balance Sheet | ||||||
| Total Assets | 18.23B | 18.07B | 15.93B | 15.98B | 16.20B | 14.61B |
| Cash, Cash Equivalents and Short-Term Investments | 2.80B | 3.18B | 2.41B | 2.69B | 2.61B | 2.39B |
| Total Debt | 6.54B | 6.87B | 5.34B | 6.37B | 6.01B | 4.09B |
| Total Liabilities | 9.14B | 9.12B | 7.47B | 8.49B | 8.20B | 6.52B |
| Stockholders Equity | 9.09B | 8.95B | 8.46B | 7.48B | 8.00B | 8.09B |
Cash Flow | ||||||
| Free Cash Flow | -335.53M | -261.16M | 915.12M | -178.77M | -1.42B | -1.70B |
| Operating Cash Flow | -141.12M | 322.53M | 1.60B | 451.87M | -423.12M | 1.66B |
| Investing Cash Flow | -128.88M | -533.57M | -695.59M | -633.76M | -1.07B | -3.34B |
| Financing Cash Flow | 470.43M | 876.86M | -1.06B | 144.43M | 1.64B | 932.90M |
Mipox Corp. Technical Analysis
Positive
447.00
Price Trends
946.58
Positive
1013.36
Negative
816.71
Positive
Market Momentum
19.55
Negative
57.10
Neutral
60.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5381, the sentiment is Positive. The current price of 447 is below the 20-day moving average (MA) of 906.85, below the 50-day MA of 946.58, and below the 200-day MA of 816.71, indicating a bullish trend. The MACD of 19.55 indicates Negative momentum. The RSI at 57.10 is Neutral, neither overbought nor oversold. The STOCH value of 60.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5381.
Mipox Corp. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥2.19T | 17.18 | 12.36% | 1.69% | 4.24% | 6.46% | |
77 Outperform | ¥123.53B | 10.78 | ― | 3.72% | 8.94% | 22.70% | |
75 Outperform | ¥657.53B | 16.20 | 14.24% | 1.58% | 13.23% | 20.02% | |
74 Outperform | ¥101.17B | 11.27 | ― | 3.04% | 1.64% | -24.06% | |
73 Outperform | ¥548.00B | 19.66 | ― | 3.25% | 18.43% | 149.34% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ¥13.97B | 17.16 | ― | 2.29% | 11.61% | 72.14% |
* General Sector Average
JP:5381
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Mipox Corp. Corporate Events
Mipox Posts Sharp Q1 Turnaround and Raises Full-Year Earnings Forecast
Aug 7, 2026
Mipox Corporation reported a strong rebound in performance for the three months ended June 30, 2026, with net sales rising 20.5% year on year to ¥3,247 million and operating profit jumping more than fourfold to ¥373 million. Ordinary pro...
Mipox Raises Full-Year Profit Outlook on AI and Semiconductor Demand
Aug 7, 2026
Mipox Corporation has revised its full-year consolidated financial forecasts for the fiscal year ending March 31, 2027, keeping net sales guidance unchanged at ¥13 billion. However, it now expects operating profit, ordinary profit, and profit...
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.