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Meitec
(9744)
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Rating:84Outperform
Price Target:
¥3,927.00
▲(17.08% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial performance (debt-free balance sheet, solid profitability, and high cash conversion). Technicals add support with a bullish trend and positive momentum. Valuation is also favorable, helped by a strong dividend yield alongside a moderate P/E; the main offsets are moderating recent revenue growth and variability in free cash flow growth.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet limits interest and refinancing risk while preserving flexibility to fund recruitment, training, technology, or shareholder returns through internally generated resources.
Negative Factors
Moderating Revenue Growth
Slower top-line expansion may indicate more limited incremental demand from client industries or capacity constraints in recruiting engineers, making future profit growth increasingly dependent on pricing and productivity.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet limits interest and refinancing risk while preserving flexibility to fund recruitment, training, technology, or shareholder returns through internally generated resources.
Read all positive factors
Meitec (9744) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥257.87B
Dividend Yield5.8%
Average Volume (3M)338.79K
Price to Earnings (P/E)17.0
Beta (1Y)0.42
Revenue Growth2.95%
EPS Growth19.02%
CountryJP
Employees12,399
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)198.07
Shares Outstanding78,000,000
10 Day Avg. Volume394,070
30 Day Avg. Volume338,786
Financial Highlights & Ratios
PEG Ratio0.92
Price to Book (P/B)5.18
Price to Sales (P/S)1.83
P/FCF Ratio16.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,153.33Price Target Upside-5.98% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)185.85
Revenue Forecast (FY)¥140.83B
Meitec Business Overview & Revenue Model
Company Description
Meitec Corporation specializes in providing engineering personnel to manufacturing firms throughout Japan. The company's extensive range of engineering services includes mechanical, electrical, and electronic design, software development, chemical...
How the Company Makes Money
Meitec makes money primarily by providing engineering staffing (technical dispatch/outsourcing) services to client companies. Revenue is generated when client companies pay service fees for the assignment of Meitec-employed engineers to specific r...
Meitec Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 138.20B | 137.69B | 133.07B | 126.98B | 119.07B | 107.14B |
| Gross Profit | 36.85B | 36.29B | 35.93B | 34.23B | 32.71B | 28.22B |
| EBITDA | 21.43B | 20.91B | 18.58B | 18.03B | 16.95B | 13.49B |
| Net Income | 15.29B | 15.05B | 12.74B | 12.34B | 12.25B | 9.24B |
Balance Sheet | ||||||
| Total Assets | 81.29B | 89.81B | 93.61B | 90.76B | 84.98B | 82.00B |
| Cash, Cash Equivalents and Short-Term Investments | 43.75B | 52.84B | 53.01B | 52.74B | 51.03B | 49.71B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 37.17B | 41.05B | 44.83B | 43.06B | 38.26B | 36.71B |
| Stockholders Equity | 44.12B | 48.76B | 48.78B | 47.70B | 46.72B | 45.29B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 15.24B | 13.31B | 14.56B | 12.68B | 13.46B |
| Operating Cash Flow | 0.00 | 15.25B | 13.45B | 14.67B | 12.81B | 13.53B |
| Investing Cash Flow | 0.00 | 13.00M | -998.00M | -1.06B | -446.00M | -270.00M |
| Financing Cash Flow | 0.00 | -15.43B | -12.19B | -11.89B | -11.04B | -8.69B |
Meitec Technical Analysis
Positive
3354.00
Price Trends
3224.60
Positive
3166.56
Positive
3257.59
Positive
Market Momentum
34.93
Positive
63.98
Neutral
86.52
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9744, the sentiment is Positive. The current price of 3354 is above the 20-day moving average (MA) of 3326.35, above the 50-day MA of 3224.60, and above the 200-day MA of 3257.59, indicating a bullish trend. The MACD of 34.93 indicates Positive momentum. The RSI at 63.98 is Neutral, neither overbought nor oversold. The STOCH value of 86.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9744.
Meitec Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥257.87B | 17.03 | 32.73% | 5.84% | 2.95% | 19.02% | |
78 Outperform | ¥22.54T | 40.75 | 33.09% | 0.21% | 9.31% | 43.87% | |
76 Outperform | ¥677.37B | 14.88 | 20.65% | 4.42% | 9.70% | 30.96% | |
73 Outperform | ¥138.38B | 16.84 | ― | 7.51% | -12.99% | 45.36% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
46 Neutral | ¥63.28B | -18.68 | -2.64% | 0.77% | -0.24% | 59.25% |
* Industrials Sector Average
JP:9744
Meitec
3,378.00
279.76
9.03%
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PERSOL HOLDINGS CO
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UT Group Co.,Ltd.
230.00
59.75
35.10%
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.