Meiwa Corporation (JP:8103)
:8103
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Meiwa Corporation
(8103)
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Rating:72Outperform
Price Target:
¥921.00
▼(-2.64% Downside)
Action:Upgraded
Date:05/01/26
The score is driven primarily by solid financial performance (strong balance sheet and improving earnings, tempered by thin margins and some cash-flow volatility). Valuation adds support via a reasonable P/E and high dividend yield, while technical signals are mixed due to negative MACD and price below the 100-day average.
Positive Factors
Conservative balance sheet
Meiwa’s low leverage and sustained equity growth provide durable financial flexibility. A conservatively levered balance sheet supports capital allocation, buffers downturns, and makes room for opportunistic investment or maintaing dividends over the next several months without immediate refinancing pressure.
Negative Factors
Thin net margins
A ~2% net margin leaves little room to absorb input cost increases, pricing pressure, or volume declines. For a distributor, this structural thinness amplifies earnings volatility and reduces the buffer for sustaining payouts or funding investments if market conditions deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Meiwa’s low leverage and sustained equity growth provide durable financial flexibility. A conservatively levered balance sheet supports capital allocation, buffers downturns, and makes room for opportunistic investment or maintaing dividends over the next several months without immediate refinancing pressure.
Read all positive factors
Meiwa Corporation (8103) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥35.03B
Dividend Yield4.05%
Average Volume (3M)117.26K
Price to Earnings (P/E)10.3
Beta (1Y)0.73
Revenue Growth5.23%
EPS Growth0.86%
CountryJP
Employees518
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)89.50
Shares Outstanding40,332,400
10 Day Avg. Volume112,510
30 Day Avg. Volume117,260
Financial Highlights & Ratios
PEG Ratio10.86
Price to Book (P/B)0.77
Price to Sales (P/S)0.19
P/FCF Ratio7.51
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)N/A
Revenue Forecast (FY)N/A
Meiwa Corporation Business Overview & Revenue Model
Company Description
Headquartered in Tokyo, Japan, and established in 1947, Meiwa Corporation conducts extensive international business across a wide array of sectors. The company's operations encompass diverse chemicals, lubricants, specialized battery materials, au...
How the Company Makes Money
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Meiwa Corporation Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
83
Very Positive
Cash Flow
69
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 155.81B | 164.93B | 156.73B | 158.28B | 156.66B | 143.03B |
| Gross Profit | 13.29B | 14.27B | 12.55B | 11.55B | 11.70B | 10.89B |
| EBITDA | 5.62B | 4.50B | 5.01B | 4.39B | 3.59B | 3.93B |
| Net Income | 3.60B | 3.37B | 3.38B | 2.75B | 1.72B | 2.41B |
Balance Sheet | ||||||
| Total Assets | 75.10B | 84.58B | 74.63B | 85.36B | 81.28B | 76.95B |
| Cash, Cash Equivalents and Short-Term Investments | 8.51B | 11.49B | 8.38B | 9.60B | 8.42B | 5.25B |
| Total Debt | 3.60B | 4.76B | 1.60B | 4.99B | 7.95B | 7.59B |
| Total Liabilities | 36.74B | 42.48B | 35.72B | 46.57B | 45.35B | 40.98B |
| Stockholders Equity | 37.76B | 41.38B | 38.47B | 38.31B | 35.48B | 35.68B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 4.22B | 4.16B | 5.43B | 4.01B | -3.38B |
| Operating Cash Flow | 0.00 | 4.41B | 4.33B | 5.66B | 4.07B | -3.31B |
| Investing Cash Flow | 0.00 | -3.19B | 350.00M | -202.00M | 804.00M | -320.00M |
| Financing Cash Flow | 0.00 | 959.00M | -5.81B | -4.35B | -1.72B | -670.00M |
Meiwa Corporation Technical Analysis
Negative
946.00
Price Trends
854.42
Negative
848.32
Positive
836.71
Positive
Market Momentum
0.30
Positive
43.03
Neutral
44.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8103, the sentiment is Negative. The current price of 946 is above the 20-day moving average (MA) of 875.30, above the 50-day MA of 854.42, and above the 200-day MA of 836.71, indicating a neutral trend. The MACD of 0.30 indicates Positive momentum. The RSI at 43.03 is Neutral, neither overbought nor oversold. The STOCH value of 44.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8103.
Meiwa Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥43.96B | 9.09 | ― | 3.87% | 1.79% | -12.61% | |
74 Outperform | ¥73.41B | 14.44 | ― | 3.17% | 4.65% | 5.17% | |
73 Outperform | ¥51.43B | 9.79 | ― | 3.00% | 5.40% | 8.39% | |
72 Outperform | ¥35.03B | 10.26 | ― | 4.05% | 5.23% | 0.86% | |
68 Neutral | ¥99.93B | 13.31 | ― | 3.38% | 15.74% | -3.66% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥144.22B | 9.05 | ― | 2.42% | 8.46% | -3.62% |
* Industrials Sector Average
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Meiwa Corporation Corporate Events
Meiwa Corrects Full-Year Net Income Figures After Minor Disclosure Error
May 1, 2026
Meiwa Corporation has issued a partial correction to its recently released notice on differences between full-year non-consolidated results and the previous fiscal year’s results, clarifying that earlier figures for net income and related ch...
Meiwa Raises Year-End Dividend Forecast on Stronger FY2026 Results
Apr 30, 2026
Meiwa Corporation has revised its dividend forecast for the fiscal year ending March 31, 2026, announcing a planned year-end dividend of ¥42 per share, up from the previously projected ¥38. The company had paid no interim dividend in the...
Meiwa’s Full-Year Profit Falls on Higher Costs and Lower Subsidiary Dividends
Apr 30, 2026
Meiwa Corporation reported a decline in non-consolidated earnings for the fiscal year ended March 31, 2026, with net sales slipping 4.8% to ¥96.3 billion and operating income down 10.7% to ¥2.1 billion. Ordinary income fell 41.3% to ...
Meiwa Lifts Sales and Dividend as New Subsidiary Offsets Division Weakness
Apr 30, 2026
Meiwa Corporation reported a 5.2% rise in net sales for the fiscal year ending March 31, 2026, driven by strong performance in Business Division 1 and the Battery Automotive Division, as well as contributions from newly consolidated Takaroku Corp...
Meiwa Posts Higher Sales and Operating Profit, Plans Dividend Hike for FY 2027
Apr 30, 2026
Meiwa Corporation reported consolidated net sales of ¥164.9 billion for the fiscal year ended March 31, 2026, up 5.2% year on year, with operating income rising 15.8% to ¥4.1 billion, while ordinary income and net income attributable to ...
Meiwa Reports Initial Progress on ¥2.5 Billion Share Buyback Program
Apr 2, 2026
Meiwa Corporation has reported progress on its ongoing share buyback program authorized by its board on February 19, 2026, under provisions of the Companies Act. The company repurchased 345,300 shares of its common stock on the Tokyo Stock Exchang...
Meiwa Corporation Outside Director Resigns, Governance Compliance Maintained
Mar 25, 2026
Meiwa Corporation has announced the resignation of outside director and independent officer Hiroko Kondo, effective March 25, 2026, citing personal reasons for the departure. Despite this change, the company confirmed that its board structure will...
Meiwa Corp. Unveils New Leadership Slate and Governance Overhaul
Mar 25, 2026
Meiwa Corporation has announced a slate of director candidates to be submitted for approval at its Ordinary General Meeting of Shareholders scheduled for late June, including two new internal director candidates, one reappointed internal director,...
Meiwa prepares leadership transition as profit targets are set to be exceeded
Mar 25, 2026
Meiwa Corporation will shift to a new leadership structure as it completes its Medium-Term Management Plan 2025, having indicated it expects to exceed the three-year cumulative profit target of ¥7.2 billion. To support the next medium-term pl...
Meiwa Sets Schedule for Share Buyback and Subsequent Share Cancellation
Mar 2, 2026
Meiwa Corporation has set the specific repurchase period for its previously announced share buyback program, confirming it will acquire its own common shares on the Tokyo Stock Exchange between March 10, 2026 and October 30, 2026. The buyback, aut...
Meiwa Sets Pricing for Secondary Share Offering and Over-Allotment
Mar 2, 2026
Meiwa Corporation has set the terms for a secondary offering of its common stock, establishing an offer price of 849 yen per share for a purchased and underwritten tranche totaling approximately 5.77 billion yen, with settlement scheduled for Marc...
Meiwa Corporation Announces Executive Changes and Signals Leadership Succession
Feb 19, 2026
Meiwa Corporation has announced a series of executive officer personnel changes effective April 1, 2026, including the reappointment of President and Executive Officer Takashi Yoshida and the elevation of Minoru Kuboaki to Senior Managing Executiv...
Meiwa Clears Interim Audit Ahead of Secondary Share Offering
Feb 19, 2026
Meiwa Corporation announced that an independent auditor has completed the interim review of its consolidated financial statements for the nine months ended December 31, 2025, confirming there are no changes from the figures disclosed on January 30...
Meiwa Launches Up to ¥2.5 Billion Share Buyback With Planned Cancellation in 2026
Feb 19, 2026
Meiwa Corporation’s board has approved a share repurchase program authorizing the buyback of up to 3.4 million common shares, equal to 8.43% of its outstanding stock excluding treasury shares. The repurchase, capped at 2.5 billion yen, will ...
Meiwa Launches Major Secondary Share Offering, Mitsubishi to Lose Affiliated Status
Feb 19, 2026
Meiwa Corporation has approved a large secondary offering of up to 6.8 million existing common shares, with the sale to be executed via purchase and underwriting by a designated securities firm, and an additional over-allotment option of up to 1.0...
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.