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Mirai Industry Co., Ltd.
(7931)
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Rating:82Outperform
Price Target:
¥4,217.00
▲(22.05% Upside)
Action:Reiterated
Date:10/24/26
The score is driven primarily by strong financial quality—especially the very low leverage and solid profitability—tempered by less consistent cash conversion and some recent margin easing. Valuation is supportive with a reasonable P/E and attractive dividend yield, while technicals are moderately constructive with neutral-to-positive momentum.
Positive Factors
Exceptionally low leverage
Minimal leverage materially lowers financial risk and leaves Mirai Industry with flexibility to withstand construction-cycle weakness. A strengthening equity base also supports investment, dividends, and operational continuity without relying heavily on external financing.
Negative Factors
Recent margin compression
The decline in net margin indicates that recent revenue growth has not translated fully into bottom-line expansion. If the pressure persists, it could constrain earnings growth, reduce reinvestment capacity, and weaken the profitability advantage established through 2024.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptionally low leverage
Minimal leverage materially lowers financial risk and leaves Mirai Industry with flexibility to withstand construction-cycle weakness. A strengthening equity base also supports investment, dividends, and operational continuity without relying heavily on external financing.
Read all positive factors
Mirai Industry Co., Ltd. (7931) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥61.81B
Dividend Yield4.03%
Average Volume (3M)24.39K
Price to Earnings (P/E)11.3
Beta (1Y)0.53
Revenue Growth4.14%
EPS Growth11.02%
CountryJP
Employees1,295
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)318.39
Shares Outstanding25,607,086
10 Day Avg. Volume42,550
30 Day Avg. Volume24,386
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)¥50.00B
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 mainly by manufacturing and selling electrical installation materials (e.g., electrical conduit/piping-related products and wiring accessory components) to the construction and building-equipment supply chain. Revenue is...
Mirai Industry Co., Ltd. Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.59B | 45.67B | 45.11B | 44.09B | 39.57B | 36.91B |
| Gross Profit | 18.63B | 17.66B | 17.75B | 17.77B | 13.96B | 13.79B |
| EBITDA | 10.08B | 9.33B | 9.19B | 9.48B | 6.20B | 6.49B |
| Net Income | 5.15B | 4.70B | 4.83B | 5.12B | 2.74B | 2.53B |
Balance Sheet | ||||||
| Total Assets | 70.98B | 68.70B | 67.41B | 64.31B | 64.77B | 61.41B |
| Cash, Cash Equivalents and Short-Term Investments | 22.52B | 23.24B | 22.60B | 20.43B | 23.59B | 22.39B |
| Total Debt | 457.00M | 178.00M | 245.00M | 508.00M | 255.00M | 527.00M |
| Total Liabilities | 13.36B | 12.43B | 13.99B | 13.51B | 14.80B | 13.62B |
| Stockholders Equity | 56.76B | 55.45B | 52.69B | 50.13B | 49.38B | 47.28B |
Cash Flow | ||||||
| Free Cash Flow | 1.86B | 3.55B | 4.82B | 1.81B | 2.21B | 4.30B |
| Operating Cash Flow | 3.75B | 7.08B | 7.53B | 4.67B | 4.00B | 6.04B |
| Investing Cash Flow | -2.27B | -4.15B | -3.55B | -3.17B | -1.97B | -1.91B |
| Financing Cash Flow | -1.15B | -2.70B | -2.64B | -4.95B | -979.00M | -937.00M |
Mirai Industry Co., Ltd. Technical Analysis
Positive
3455.00
Price Trends
3594.77
Positive
3395.54
Positive
3272.63
Positive
Market Momentum
-16.20
Positive
52.97
Neutral
31.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7931, the sentiment is Positive. The current price of 3455 is below the 20-day moving average (MA) of 3558.75, below the 50-day MA of 3594.77, and above the 200-day MA of 3272.63, indicating a bullish trend. The MACD of -16.20 indicates Positive momentum. The RSI at 52.97 is Neutral, neither overbought nor oversold. The STOCH value of 31.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥61.81B | 11.31 | ― | 4.03% | 4.14% | 11.02% | |
75 Outperform | ¥115.07B | 6.18 | 12.49% | 4.89% | 40.52% | 147.61% | |
74 Outperform | ¥48.47B | 10.97 | ― | 1.64% | 15.89% | 2.08% | |
72 Outperform | ¥84.56B | 7.60 | ― | 2.75% | 5.80% | 134.32% | |
70 Outperform | ¥181.78B | 14.80 | ― | 3.33% | 20.05% | 53.28% | |
61 Neutral | ¥51.46B | -19.22 | ― | 4.40% | 17.15% | -463.16% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:7931
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Mirai Industry Co., Ltd. Corporate Events
Mirai Industry Raises Full-Year Profit Forecasts on Strong Performance
Oct 23, 2026
Mirai Industry Co., Ltd. has revised upward its consolidated financial forecasts for the fiscal year ending March 20, 2027, reflecting stronger-than-expected performance. The company now projects net sales of ¥48.984 billion, with operating a...
Mirai Industry Delivers Strong First-Half Earnings and Lifts Full-Year Outlook
Oct 23, 2026
Mirai Industry reported consolidated net sales of ¥24.86 billion for the six months ended September 20, 2026, up 8.3% year on year, with operating profit jumping 20% to ¥3.79 billion and profit attributable to owners of parent rising 20....
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.