Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

<ul><li>Revenue grew 9.2% YoY to JPY22.4bn, with increases across all segments, but operating profit declined 21.5% YoY.</li><li>Q1 FY03/25 revenue was 49.9% of the 1H forecast, with strong net income progress due to a JPY3.4bn extraordinary gain.</li><li>Belts (Outside Japan) segment revenue increased 10.2% YoY, but operating profit fell 29.4% YoY due to weak repair parts sales.</li></ul>

Revenue grew 9.2% YoY to JPY22.4bn, with increases across all segments, but operating profit declined 21.5% YoY.Q1 FY03/25 revenue was 49.9% of the 1H forecast, with strong net income progress due to a JPY3.4bn extraordinary gain.Belts (Outside Japan) segment revenue increased 10.2% YoY, but operating profit fell 29.4% YoY due to weak repair parts sales.

Mitsuboshi Belting (5192 JP): Q1 FY03/25 flash update

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<li>
<a href="https://www.smartkarma.com/entities/mitsuboshi-belting-ltd" target="_blank" data-smartkarma-citation="entities:11569:1" rel="noopener">Mitsuboshi Belting (5192 JP)</a> manufactures power transmission belts for automobiles and general industrial machinery. The company belongs to a group of six or seven global leaders in this space.</li>
<li>In FY03/23, revenue was JPY82.9bn (+10.7% YoY), operating profit JPY9.0bn (+18.2% YoY), recurring profit JPY10.5bn (+22.4% YoY), and net income attributable to owners of the parent JPY7.1bn (+10.8% YoY).</li>
<li>In May 2022, the company announced the following targets as its vision for FY2030 (FY03/31): JPY100.0bn in revenue, operating profit of JPY13.0bn, and ROE of 10.0%.</li>
</ul>



Mitsuboshi Belting (5192 JP) manufactures power transmission belts for automobiles and general industrial machinery. The company belongs to a group of six or seven global leaders in this space.
In FY03/23, revenue was JPY82.9bn (+10.7% YoY), operating profit JPY9.0bn (+18.2% YoY), recurring profit JPY10.5bn (+22.4% YoY), and net income attributable to owners of the parent JPY7.1bn (+10.8% YoY).
In May 2022, the company announced the following targets as its vision for FY2030 (FY03/31): JPY100.0bn in revenue, operating profit of JPY13.0bn, and ROE of 10.0%.


Mitsuboshi Belting (5192): Q3 FY03/24 Update

Japan

Mitsuboshi Belting Ltd processes rubber and other resin materials.  The Company's products are industrial belts, such as conveyor belts and V-belts. Mitsuboshi Belting also produces various interior and exterior goods for automobiles.

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Mitsuboshi Belting (5192 JP)