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Mirai Industry Co., Ltd.
(7931)
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Rating:77Outperform
Price Target:
¥3,711.00
▲(7.41% Upside)
Action:Upgraded
Date:04/25/26
Score is driven primarily by strong financial quality (low leverage, solid profitability, steady growth) and favorable valuation (low P/E and high dividend yield). These positives are partially offset by weak technical momentum, with the stock below major moving averages and bearish trend indicators.
Positive Factors
Conservative balance sheet
Extremely low leverage and steadily building equity materially reduce financial risk and preserve flexibility through economic cycles. This allows the company to fund capex, maintain dividends, and withstand downturns without relying on external financing, supporting durability of operations.
Negative Factors
Recent margin compression
Easing net margins versus recent peaks signal rising cost pressure or less favorable product mix. Persistent margin compression would reduce internal cash available for reinvestment or returns, erode ROE over time, and weaken the company’s cushion against cyclical downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage and steadily building equity materially reduce financial risk and preserve flexibility through economic cycles. This allows the company to fund capex, maintain dividends, and withstand downturns without relying on external financing, supporting durability of operations.
Read all positive factors
Mirai Industry Co., Ltd. (7931) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥55.11B
Dividend Yield4.52%
Average Volume (3M)17.11K
Price to Earnings (P/E)11.0
Beta (1Y)0.62
Revenue Growth1.24%
EPS Growth-2.98%
CountryJP
Employees1,295
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)290.69
Shares Outstanding25,607,086
10 Day Avg. Volume13,900
30 Day Avg. Volume17,113
Financial Highlights & Ratios
PEG Ratio-3.67
Price to Book (P/B)0.92
Price to Sales (P/S)1.12
P/FCF Ratio14.44
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)300.1
Revenue Forecast (FY)¥47.50B
Mirai Industry Co., Ltd. Business Overview & Revenue Model
Company Description
Mirai Industry Co.,Ltd., established in 1965 and headquartered in Wanouchi, Japan, is a prominent manufacturer and supplier of diverse materials for electrical and plumbing systems throughout the country. The company's extensive range of electrica...
How the Company Makes Money
Mirai Industry makes money primarily by manufacturing and selling electrical installation materials (e.g., conduit/piping-related products, fittings, and associated wiring/installation accessories) to the construction and electrical installation s...
Mirai Industry Co., Ltd. Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 45.67B | 45.11B | 44.09B | 39.57B | 36.91B |
| Gross Profit | 17.66B | 17.75B | 17.77B | 13.96B | 13.79B |
| EBITDA | 9.33B | 9.19B | 9.48B | 6.20B | 6.49B |
| Net Income | 4.70B | 4.83B | 5.12B | 2.74B | 2.53B |
Balance Sheet | |||||
| Total Assets | 68.70B | 67.41B | 64.31B | 64.77B | 61.41B |
| Cash, Cash Equivalents and Short-Term Investments | 23.24B | 22.60B | 20.43B | 23.59B | 22.39B |
| Total Debt | 178.00M | 245.00M | 508.00M | 255.00M | 527.00M |
| Total Liabilities | 12.43B | 13.99B | 13.51B | 14.80B | 13.62B |
| Stockholders Equity | 55.45B | 52.69B | 50.13B | 49.38B | 47.28B |
Cash Flow | |||||
| Free Cash Flow | 3.55B | 4.82B | 1.81B | 2.21B | 4.30B |
| Operating Cash Flow | 7.08B | 7.53B | 4.67B | 4.00B | 6.04B |
| Investing Cash Flow | -4.15B | -3.55B | -3.17B | -1.97B | -1.91B |
| Financing Cash Flow | -2.70B | -2.64B | -4.95B | -979.00M | -937.00M |
Mirai Industry Co., Ltd. Technical Analysis
Neutral
3455.00
Price Trends
3087.92
Positive
3131.15
Positive
3242.10
Negative
Market Momentum
51.23
Negative
57.83
Neutral
67.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7931, the sentiment is Neutral. The current price of 3455 is above the 20-day moving average (MA) of 3144.50, above the 50-day MA of 3087.92, and above the 200-day MA of 3242.10, indicating a neutral trend. The MACD of 51.23 indicates Negative momentum. The RSI at 57.83 is Neutral, neither overbought nor oversold. The STOCH value of 67.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:7931.
Mirai Industry Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥123.50B | 18.60 | ― | 1.61% | 5.13% | 72.55% | |
77 Outperform | ¥55.11B | 11.04 | ― | 4.44% | 1.24% | -2.98% | |
77 Outperform | ¥206.39B | 22.35 | ― | 1.53% | 9.71% | 54.79% | |
74 Outperform | ¥136.83B | 8.44 | 8.07% | 2.64% | 81.06% | 65.37% | |
62 Neutral | ¥51.78B | -15.21 | ― | 5.01% | -7.42% | -4245.20% | |
58 Neutral | ¥48.40B | 11.36 | ― | 0.91% | 11.44% | -4.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:7931
Mirai Industry Co., Ltd.
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Mirai Industry Co., Ltd. Corporate Events
Mirai Industry Corrects Consolidated Financial Results After COGS Error
May 11, 2026
Mirai Industry Co., Ltd. has announced a partial correction to its consolidated financial results for the fiscal year ended March 20, 2026, after discovering an error in the cost of goods sold ratio used to eliminate intercompany transactions. The...
Mirai Industry Delays Medium-Term Plan Amid Middle East Uncertainty
Apr 23, 2026
Mirai Industry Co., Ltd. has postponed the planned April 23 release of its Medium-Term Management Plan 2027, which was to outline strategic priorities for the three fiscal years from March 2027 to March 2029. The company cited uncertainty over the...
Mirai Industry Raises Dividend Above Forecast but Below Prior Year Level
Apr 23, 2026
Mirai Industry Co., Ltd. has approved a year-end surplus dividend of ¥95 per share for shareholders of record as of March 20, 2026, to be paid from retained earnings on May 27, 2026. The total payout will be approximately ¥1.634 billion,...
Mirai Industry Posts Modest Sales Growth but Lower Profits and Cuts Dividend Outlook
Apr 23, 2026
Mirai Industry reported fiscal year 2026 consolidated net sales of ¥45.67 billion, up 1.2% year on year, while operating profit, ordinary profit and profit attributable to owners of parent all declined by around 2%–3%, reflecting margin...
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.