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MRT Inc. (6034) AI Stock Analysis

JP:6034

MRT Inc.

(TSE/TYO:6034)

Select Model
Rating:61Neutral
Price Target:JPY 534.00â–²(5.53% Upside)
Action:reiterated
Date:08/18/26

The score is primarily supported by a strong, low-leverage balance sheet and improving profitability versus 2024, plus constructive technical momentum (price above key DMAs and positive MACD). Offsetting this are a high valuation (P/E 42.62) and weaker recent fundamentals momentum, including slightly declining TTM revenue and materially lower TTM free cash flow.

Positive Factors
Low LeverageVery low leverage provides a meaningful financial cushion and reduces pressure from debt servicing. Stable equity gives MRT flexibility to withstand operating volatility and preserve capacity for investment, while the improved leverage profile supports longer-term resilience.
Negative Factors
Revenue DeclineDeclining revenue indicates that MRT is not currently expanding its top line, which can limit operating leverage and make future profit improvement harder to sustain. Continued contraction would reduce resources available for investment and increase sensitivity to cost changes.

MRT Inc. (6034) vs. iShares MSCI Japan ETF (EWJ)

-30%-20%-10%0%10%20%30%JP:6034-20.94%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 2.77B
Dividend Yield
―
Average Volume (3M)
7,253
Price to Earnings (P/E)
33.5
Beta (1Y)
0.32
Revenue Growth
-6.56%
EPS Growth
―
Country
Japan
Employees
307
Sector
General
Sector Strength
55
Industry
Specialty Business Services

MRT Inc. Business Overview & Revenue Model

Company Description

MRT Inc. operates a medical information platform. It provides Gaikin, a recruitment service specializing in part-time physicians; career, a job change support service for doctors; re:ray, a one stop outsourcing service; Door., an app to connect netwo...

MRT Inc. Financial Statement Overview

Summary

Financials are mixed: the balance sheet is strong and conservatively levered (debt-to-equity ~0.09), but operating results remain modest with TTM revenue slightly down (~-2.7%) and profitability still thin (TTM net margin ~2.0%, operating margin ~3.2%). Cash flow is positive and reasonably aligned with earnings (FCF ~0.93x net income), yet TTM free cash flow has declined materially (~-27%), limiting the score.

Income Statement

56Neutral

Balance Sheet

78Positive

Cash Flow

61Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue3.99B4.19B4.17B5.41B8.74B4.47B
Gross Profit2.49B2.60B2.48B3.27B5.41B3.37B
EBITDA367.54M331.35M165.42M1.20B3.16B1.61B
Net Income81.33M55.77M-309.16M518.36M2.16B774.49M
Balance Sheet
Total Assets6.37B6.48B6.75B6.47B8.16B4.98B
Cash, Cash Equivalents and Short-Term Investments1.53B1.67B2.61B3.78B4.89B1.01B
Total Debt439.08M552.97M1.05B641.79M875.86M1.04B
Total Liabilities1.62B1.83B2.12B1.76B3.67B2.69B
Stockholders Equity4.75B4.65B4.52B4.58B4.39B2.22B
Cash Flow
Free Cash Flow271.99M409.83M461.79M-208.76M4.50B-308.61M
Operating Cash Flow293.17M417.84M503.04M-193.58M4.51B-298.89M
Investing Cash Flow-515.40M-623.37M-1.84B-243.61M-431.11M-206.51M
Financing Cash Flow-438.56M-730.16M161.77M-669.19M-203.98M-67.49M

MRT Inc. Technical Analysis

Technical Analysis SentimentNegative
Last Price506.00

Price Trends

50DMA584.14Negative
100DMA606.60Negative
200DMA621.16Negative

Market Momentum

MACD-21.90Positive
RSI29.23Positive
STOCH23.58Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6034, the sentiment is Negative. The current price of 506.00 is below the 20-day moving average (MA) of 535.05, below the 50-day MA of 584.14, and below the 200-day MA of 621.16, indicating a bearish trend. The MACD of -21.90 indicates Positive momentum. The RSI at 29.23 is Positive, neither overbought nor oversold. The STOCH value of 23.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6034.

MRT Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:6034 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:9218JP:921868NeutralJPY 8.05B33.86―1.31%27.65%-28.38%
JP:6034JP:603461NeutralJPY 2.82B33.49――-6.56%―
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:3628JP:362854NeutralJPY 8.85B33.14――4.97%―
JP:4438JP:443850NeutralJPY 2.36B-4.42――14.84%30.67%

* General Sector Average

Performance Comparison

-25%0%25%50%75%JP:6034JP:3628JP:4438JP:9218JP:366ADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:6034 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:6034MRT Inc.506.00-134.00-20.94%
JP:3628Data Horizon Co., Ltd.700.0079.0012.72%
JP:4438Welby Inc.276.00-13.00-4.50%
JP:9218Mental Health Technologies Co. Ltd.766.00-69.34-8.30%
JP:366AWellness Communications Corporation1150.00-246.90-17.67%
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 18, 2026