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Morita Holdings Corporation
(6455)
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Rating:75Outperform
Price Target:
¥2,836.00
▲(0.57% Upside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by strong financial quality—material margin improvement and a very low-leverage balance sheet. Offsetting this, recent cash flow conversion is weak (low operating cash flow vs. earnings and declining TTM free cash flow), and technicals are mixed with the stock below longer-term moving averages. Valuation is supportive with a low P/E and moderate dividend yield.
Positive Factors
Very low leverage / conservative balance sheet
An exceptionally conservative balance sheet with debt-to-equity near 0.9% provides durable financial flexibility and resilience. Low leverage reduces interest burden, preserves capacity to fund capex or absorb tender timing shocks, and supports investment or dividends through downturns.
Negative Factors
Weak operating cash conversion
A large gap between accounting earnings and cash generation suggests working-capital timing or collectability issues. Weak cash conversion limits the company's ability to self-fund capex, smooth dividends, or invest in growth initiatives reliably despite reported profits, raising structural liquidity risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / conservative balance sheet
An exceptionally conservative balance sheet with debt-to-equity near 0.9% provides durable financial flexibility and resilience. Low leverage reduces interest burden, preserves capacity to fund capex or absorb tender timing shocks, and supports investment or dividends through downturns.
Read all positive factors
Morita Holdings Corporation (6455) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥110.71B
Dividend Yield2.55%
Average Volume (3M)52.80K
Price to Earnings (P/E)11.2
Beta (1Y)0.61
Revenue Growth5.21%
EPS Growth6.59%
CountryJP
Employees1,786
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)225.05
Shares Outstanding45,418,540
10 Day Avg. Volume58,550
30 Day Avg. Volume52,800
Financial Highlights & Ratios
PEG Ratio3.57
Price to Book (P/B)1.11
Price to Sales (P/S)0.96
P/FCF Ratio30.46
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)225.2
Revenue Forecast (FY)¥115.68B
Morita Holdings Corporation Business Overview & Revenue Model
Company Description
Morita Holdings Corporation, through its subsidiaries, engages in the development, manufacture, and sale of ladder trucks, fire trucks, and specialty vehicles in Japan and internationally. The company operates through four segments: Fire Fighting ...
How the Company Makes Money
Morita Holdings makes money primarily by selling fire-fighting vehicles and disaster-prevention equipment, and by providing related after-sales services. Key revenue streams typically include: (1) Sales of fire engines and other specialized emerge...
Morita Holdings Corporation Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 117.19B | 116.60B | 111.74B | 95.20B | 81.34B | 83.60B |
| Gross Profit | 33.51B | 33.96B | 30.47B | 25.12B | 19.34B | 22.07B |
| EBITDA | 16.74B | 17.89B | 17.07B | 12.28B | 8.63B | 10.81B |
| Net Income | 9.44B | 9.46B | 9.47B | 6.01B | 4.00B | 5.35B |
Balance Sheet | ||||||
| Total Assets | 143.29B | 146.01B | 143.35B | 139.69B | 123.99B | 125.17B |
| Cash, Cash Equivalents and Short-Term Investments | 27.72B | 26.54B | 29.89B | 26.38B | 19.96B | 29.28B |
| Total Debt | 9.10B | 908.00M | 495.00M | 1.63B | 315.00M | 6.76B |
| Total Liabilities | 40.03B | 43.53B | 45.65B | 48.11B | 39.77B | 43.26B |
| Stockholders Equity | 101.99B | 101.21B | 96.53B | 90.51B | 83.22B | 80.95B |
Cash Flow | ||||||
| Free Cash Flow | 3.00B | 3.69B | 9.54B | 8.24B | -131.00M | 9.78B |
| Operating Cash Flow | 4.18B | 4.79B | 11.39B | 11.17B | 2.14B | 10.54B |
| Investing Cash Flow | -1.46B | -1.41B | -1.49B | -3.48B | -2.67B | -685.00M |
| Financing Cash Flow | -5.84B | -6.79B | -6.00B | -1.49B | -8.96B | -3.63B |
Morita Holdings Corporation Technical Analysis
Positive
2820.00
Price Trends
2422.36
Positive
2507.55
Positive
2606.44
Negative
Market Momentum
14.83
Negative
64.20
Neutral
91.17
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6455, the sentiment is Positive. The current price of 2820 is above the 20-day moving average (MA) of 2415.20, above the 50-day MA of 2422.36, and above the 200-day MA of 2606.44, indicating a neutral trend. The MACD of 14.83 indicates Negative momentum. The RSI at 64.20 is Neutral, neither overbought nor oversold. The STOCH value of 91.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6455.
Morita Holdings Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥149.09B | 12.96 | ― | 3.88% | 8.26% | 102.86% | |
75 Outperform | ¥110.71B | 11.16 | ― | 2.25% | 5.21% | 6.59% | |
75 Outperform | ¥82.25B | 12.38 | ― | 2.63% | 9.99% | 41.83% | |
70 Outperform | ¥78.92B | 10.57 | ― | 3.09% | 0.93% | 212.09% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥169.37B | 13.85 | 10.64% | 2.68% | 7.97% | -1.68% | |
62 Neutral | ¥232.30B | 14.87 | 9.52% | 1.33% | 10.77% | 147.98% |
* Industrials Sector Average
JP:6455
Morita Holdings Corporation
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Morita Holdings Corporation Corporate Events
Morita Holdings Completes Restricted Stock Treasury Share Disposal for Management
Jul 31, 2026
Morita Holdings Corporation has completed payment procedures for the disposal of 102,999 treasury shares as restricted stock compensation, following a July 3, 2026 board resolution. The shares, priced at 2,369 yen each for a total of 244,004,631 y...
Morita Holdings Lifts 2027 Dividend Forecast in Line With New Shareholder Return Policy
Jul 31, 2026
Morita Holdings Corporation has revised its dividend forecasts for the fiscal year ending March 31, 2027, signaling a more generous payout policy to shareholders. The company now plans interim and year-end dividends of 40 yen per share each, lifti...
Morita Holdings Profit Slumps Despite Higher Sales, Ups Dividend Outlook
Jul 31, 2026
Morita Holdings Corporation reported consolidated net sales of ¥18.85 billion for the three months ended June 30, 2026, up 3.2% year on year, but operating profit fell 60.8% to ¥540 million and ordinary profit dropped 54.9% to ¥694 ...
Morita Holdings to Dispose Treasury Shares for Expanded Restricted Stock Plan
Jul 3, 2026
Morita Holdings Corporation has approved the disposal of 102,999 treasury shares as restricted stock compensation to 39 directors, executive officers and subsidiary executives, with a total value of about 244 million yen at 2,369 yen per share. Th...
Morita Holdings Unveils ‘Morita Growth 2030’ Mid-Term Plan with Ambitious Profit, ROE Goals
Jul 1, 2026
Morita Holdings has unveiled a new mid-term management plan, “Morita Growth 2030,” following the successful completion of its prior plan, which delivered record sales and operating profit, a 12% operating margin, and a stronger managem...
Morita Holdings Launches ‘Morita Growth 2030’ Plan with Ambitious 2030 Financial Targets
Jun 22, 2026
Morita Holdings Corporation has unveiled a new mid-term management plan, “Morita Growth 2030,” covering fiscal years 2026 to 2030, aimed at advancing fire protection technology and contributing to a sustainable society. Building on its...
Morita Holdings to Book Subsidiary Dividends as Non-Consolidated Revenue
May 15, 2026
Morita Holdings Corporation announced it will receive surplus dividends totaling several billion yen from consolidated subsidiaries Morita Corporation and Morita Miyata Corporation, following board approvals at each unit in May 2026. These intra-g...
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.