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Meidensha Corporation
(6508)
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Rating:68Neutral
Price Target:
¥13,036.00
▲(59.36% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily driven by improving profitability and a healthier balance sheet, partially offset by weaker and historically volatile cash-flow conversion. Technicals are constructive on moving averages but tempered by negative MACD, while valuation is reasonable with a modest dividend yield.
Positive Factors
Sustained Profitability Improvement
Margin expansion from roughly 23–24% gross and 2.6% net in 2022 to about 28% and 7.2% TTM indicates stronger execution and operating leverage. If sustained, this improves resilience to cost pressure and supports internally funded growth.
Negative Factors
Weak and Volatile Cash Conversion
Low conversion of earnings into cash and a history of volatility suggest working-capital swings or project timing can absorb profits. This may constrain debt reduction, shareholder returns and investment capacity despite improved reported profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability Improvement
Margin expansion from roughly 23–24% gross and 2.6% net in 2022 to about 28% and 7.2% TTM indicates stronger execution and operating leverage. If sustained, this improves resilience to cost pressure and supports internally funded growth.
Read all positive factors
Meidensha Corporation (6508) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥533.09B
Dividend Yield1.31%
Average Volume (3M)144.09K
Price to Earnings (P/E)19.2
Beta (1Y)1.54
Revenue Growth12.05%
EPS Growth57.34%
CountryJP
Employees10,082
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)622.05
Shares Outstanding45,527,540
10 Day Avg. Volume193,880
30 Day Avg. Volume144,090
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)1.95
Price to Sales (P/S)1.04
P/FCF Ratio150.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥12,300.00Price Target Upside50.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)588.57
Revenue Forecast (FY)¥365.92B
Meidensha Corporation Business Overview & Revenue Model
Company Description
Meidensha Corporation, established in Tokyo, Japan, in 1897, is an international enterprise engaged in a diverse array of businesses. Its core operations span social infrastructure systems, industrial solutions, maintenance, and real estate. The S...
How the Company Makes Money
Meidensha primarily makes money by selling electrical equipment and delivering turnkey engineering projects, supplemented by ongoing services tied to its installed base.
1) Product sales (equipment and systems)
- Power and distribution equipment:...
Meidensha Corporation Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 341.22B | 326.19B | 301.10B | 287.88B | 272.58B | 255.05B |
| Gross Profit | 99.05B | 89.40B | 81.59B | 68.99B | 62.98B | 61.12B |
| EBITDA | 47.65B | 43.58B | 35.98B | 27.67B | 22.38B | 23.08B |
| Net Income | 28.22B | 23.63B | 18.49B | 11.21B | 7.13B | 6.73B |
Balance Sheet | ||||||
| Total Assets | 361.07B | 373.67B | 341.35B | 334.79B | 307.39B | 290.90B |
| Cash, Cash Equivalents and Short-Term Investments | 47.05B | 31.83B | 30.68B | 18.98B | 14.92B | 14.07B |
| Total Debt | 38.87B | 44.40B | 46.31B | 56.50B | 51.94B | 49.70B |
| Total Liabilities | 180.15B | 195.13B | 199.13B | 205.30B | 196.51B | 185.47B |
| Stockholders Equity | 177.31B | 174.89B | 138.78B | 126.41B | 107.90B | 101.97B |
Cash Flow | ||||||
| Free Cash Flow | 6.64B | 2.26B | 24.91B | -375.00M | 1.35B | 2.48B |
| Operating Cash Flow | 24.93B | 17.50B | 35.45B | 8.97B | 13.74B | 11.39B |
| Investing Cash Flow | -17.38B | -17.13B | -9.06B | -7.55B | -10.51B | -7.50B |
| Financing Cash Flow | -8.98B | -7.79B | -14.54B | 749.00M | -2.69B | -4.27B |
Meidensha Corporation Technical Analysis
Positive
8180.00
Price Trends
10147.80
Positive
9683.80
Positive
8038.25
Positive
Market Momentum
570.04
Positive
62.33
Neutral
45.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6508, the sentiment is Positive. The current price of 8180 is below the 20-day moving average (MA) of 11233.50, below the 50-day MA of 10147.80, and above the 200-day MA of 8038.25, indicating a bullish trend. The MACD of 570.04 indicates Positive momentum. The RSI at 62.33 is Neutral, neither overbought nor oversold. The STOCH value of 45.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6508.
Meidensha Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥533.09B | 19.23 | 15.55% | 2.40% | 12.05% | 57.34% | |
66 Neutral | ¥538.98B | 27.35 | 6.59% | 1.65% | -7.97% | 78.01% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ¥766.67B | 19.01 | -22.79% | 3.14% | 1.98% | -48.28% | |
57 Neutral | ¥372.60B | 22.13 | ― | 2.50% | 11.01% | 29.70% | |
54 Neutral | ¥295.48B | 20.94 | ― | 1.65% | 5.19% | 13.96% | |
51 Neutral | ¥554.48B | 187.36 | 2.07% | 0.30% | 11.76% | -21.18% |
* Industrials Sector Average
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Meidensha Corporation Corporate Events
Meidensha Restructures Water Infrastructure Operations, Consolidates O&M in Subsidiary
Jul 31, 2026
Meidensha Corporation has approved a reorganization of its water infrastructure operations, transferring its OM business for water supply facilities to its wholly owned subsidiary, Meiden Facility Service Corporation, through a simple absorption-t...
Meidensha Lifts Earnings Forecasts on Strong Power Infrastructure Demand
Jul 31, 2026
Meidensha Corporation has sharply raised its earnings outlook for the first half of the fiscal year ending March 2027, citing stronger-than-expected project progress and improved profitability in its Power Infrastructures Business and Public, Indu...
Meidensha Delivers Strong Q1 FY2026 Results and Raises Full-Year Outlook
Jul 31, 2026
Meidensha reported strong fiscal 2026 first quarter results, with orders rising to ¥104.65 billion, up 12.4 percent year on year, and net sales jumping to ¥73.41 billion, a 25.7 percent increase. Profitability improved sharply, as operat...
Meidensha’s Quarterly Profit Soars as Full-Year Outlook Raised
Jul 31, 2026
Meidensha Corporation reported a strong start to fiscal 2026, with net sales for the three months ended June 30 rising 25.7% year-on-year to ¥73.4 billion and net income attributable to owners of the parent surging nearly tenfold to ¥5.1...
Meidensha Bolsters Executive Lineup With New Officer Appointment
Jul 31, 2026
Meidensha Corporation has announced a change in its officer lineup following a July 31, 2026 board meeting, appointing Tatsuya Sago as an Executive Officer effective August 1. This move transitions Sago from his previous role as advisor into the c...
Meidensha Weighs Lowering Investment Unit to Broaden Investor Base
May 29, 2026
Meidensha Corporation announced its stance on lowering its stock investment unit, acknowledging that reducing the minimum investment amount below 500,000 yen can broaden its investor base, particularly among individual investors, and improve share...
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.