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MTI Ltd.
(9438)
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Rating:73Outperform
Price Target:
¥675.00
▼(-6.38% Downside)
Action:Reiterated
Date:08/07/26
The score is driven primarily by strong financial performance (high margins, low leverage, and solid cash generation) and supportive valuation (low P/E and meaningful dividend yield). These positives are partially offset by weak technical positioning, with the stock trading below major moving averages and showing soft near-term momentum.
Positive Factors
High profitability
High gross and net margins, together with improving EBIT and EBITDA margins, indicate a profitable operating model with stronger efficiency. This supports durable earnings generation and gives MTI greater capacity to reinvest, withstand pressure, and sustain returns over the coming quarters.
Negative Factors
Slowing revenue growth
Revenue is still growing, but the latest 1.61% increase is slower than in previous years. Decelerating top-line expansion can limit operating leverage, reduce the pace of earnings growth, and make continued margin improvement more important for sustaining overall performance.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability
High gross and net margins, together with improving EBIT and EBITDA margins, indicate a profitable operating model with stronger efficiency. This supports durable earnings generation and gives MTI greater capacity to reinvest, withstand pressure, and sustain returns over the coming quarters.
Read all positive factors
MTI Ltd. (9438) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥32.63B
Dividend Yield3.31%
Average Volume (3M)27.93K
Price to Earnings (P/E)9.5
Beta (1Y)0.44
Revenue Growth4.90%
EPS Growth60.31%
CountryJP
Employees1,236
SectorGeneral
Sector StrengthN/A
IndustryMedical - Healthcare Information Services
Share Statistics
EPS (TTM)63.51
Shares Outstanding60,435,200
10 Day Avg. Volume19,500
30 Day Avg. Volume27,933
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)2.31
Price to Sales (P/S)1.42
P/FCF Ratio7.62
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)54.1
Revenue Forecast (FY)¥34.00B
MTI Ltd. Business Overview & Revenue Model
Company Description
Established in Tokyo, Japan, in 1996, MTI Ltd. is a prominent provider of mobile content solutions across the nation. The company delivers a diverse portfolio of digital services designed for various user needs. These include Boshimo, an applicati...
MTI Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.88B | 29.91B | 27.67B | 26.80B | 26.48B | 25.74B |
| Gross Profit | 22.63B | 22.22B | 20.40B | 18.37B | 18.69B | 18.74B |
| EBITDA | 5.22B | 6.02B | 5.17B | 2.91B | 1.44B | 2.45B |
| Net Income | 3.52B | 3.40B | 2.36B | 753.22M | -930.48M | -1.16B |
Balance Sheet | ||||||
| Total Assets | 33.45B | 33.35B | 29.70B | 29.17B | 29.28B | 31.91B |
| Cash, Cash Equivalents and Short-Term Investments | 16.12B | 17.82B | 14.83B | 13.72B | 12.10B | 15.54B |
| Total Debt | 1.14B | 1.69B | 2.43B | 3.18B | 3.93B | 2.88B |
| Total Liabilities | 10.25B | 10.90B | 10.55B | 11.58B | 11.40B | 10.67B |
| Stockholders Equity | 19.61B | 18.41B | 15.47B | 14.01B | 14.18B | 17.59B |
Cash Flow | ||||||
| Free Cash Flow | 5.58B | 5.58B | 2.74B | 3.60B | -3.59B | 1.74B |
| Operating Cash Flow | 5.66B | 5.66B | 4.13B | 4.76B | -1.39B | 3.52B |
| Investing Cash Flow | -1.02B | -1.02B | -1.37B | -1.35B | -2.46B | -2.00B |
| Financing Cash Flow | -1.63B | -1.63B | -1.64B | -1.78B | 343.54M | 649.18M |
MTI Ltd. Technical Analysis
Positive
721.00
Price Trends
592.09
Positive
579.18
Positive
620.93
Negative
Market Momentum
4.92
Negative
55.79
Neutral
68.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9438, the sentiment is Positive. The current price of 721 is above the 20-day moving average (MA) of 588.92, above the 50-day MA of 592.09, and above the 200-day MA of 620.93, indicating a neutral trend. The MACD of 4.92 indicates Negative momentum. The RSI at 55.79 is Neutral, neither overbought nor oversold. The STOCH value of 68.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9438.
MTI Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥1.19T | 25.52 | 11.45% | 1.25% | 15.76% | 13.53% | |
73 Outperform | ¥32.63B | 9.53 | ― | 3.31% | 4.90% | 60.31% | |
71 Outperform | ¥237.24B | 34.22 | ― | 0.50% | 18.89% | 11.66% | |
59 Neutral | ¥73.38B | 38.37 | 12.35% | 0.00% | 24.03% | 34.50% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ¥2.47B | -4.63 | ― | ― | 14.84% | 30.67% |
* General Sector Average
JP:9438
MTI Ltd.
605.00
-155.45
-20.44%
JP:2413
M3
1,753.00
-575.51
-24.72%
JP:4480
Medley
2,307.00
-251.00
-9.81%
JP:4438
Welby Inc.
289.00
-17.00
-5.56%
JP:4483
JMDC Inc.
3,625.00
-1,151.76
-24.11%
MTI Ltd. Corporate Events
MTI Updates Policy on Cost of Capital and Stock Price-Conscious Management
Sep 9, 2026
MTI Ltd. has updated its management policy that emphasizes awareness of cost of capital and stock price, reinforcing its commitment to align operational decisions with shareholder value considerations. The company, listed on the TSE Prime, continu...
MTI Ltd. Q3 FY2026 Results Highlight DX Push in Healthcare and Education
Aug 7, 2026
MTI Ltd. reported its financial results overview for the third quarter of fiscal 2026, detailing consolidated profit and loss, selling, general and administrative expenses, balance sheet metrics and performance by segment. The briefing also outlin...
MTI Books Tax Windfall, Trims Earnings Outlook on Healthcare Investments
Aug 6, 2026
MTI Ltd. will record approximately 524 million yen in extraordinary income in the fourth quarter of the fiscal year ending September 30, 2026, after receiving a tax refund related to the consumption tax treatment of expired points in its point-bas...
MTI Posts Higher Sales and Profit but Flags Weaker Full-Year Outlook
Aug 6, 2026
MTI Ltd. reported a 4.4% year-on-year increase in net sales to ¥23.28 billion for the first three quarters of the fiscal year ending September 30, 2026, with ordinary income rising 18.6% and profit attributable to owners of the parent up 5.6%...
MTI Restructures Pharmacy DX Subsidiaries, Books Extraordinary Income
Jul 17, 2026
MTI Ltd. has resolved to transfer all shares of its consolidated subsidiary Eagle Inc., a provider of cloud-based business systems for dispensing pharmacies, to fellow subsidiary MTI Healthcare Holdings Inc. Eagle’s solutions aim to streamli...
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.