MEISEI INDUSTRIAL Co.,Ltd. logo

MEISEI INDUSTRIAL Co.,Ltd.

1976.T

JPXIndustrialsEngineering & Construction

Latest quote

¥1,792

+¥23.00 · +1.30%

Aug 24, 1:23 PM JST

1976.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

MEISEI INDUSTRIAL Co.,Ltd., established in 1944 and headquartered in Osaka, Japan, is a construction and engineering firm operating across both domestic and international markets. The company specializes in two primary areas: Construction Business and Boiler Business, providing a diverse range of services and products. Their core expertise lies in comprehensive thermal management, offering advanced hot and cold insulation systems. Key products include Keical-Ace Super-Silica, a leading high-temperature insulation material; Keical-Ace Win, designed for rust prevention on insulated surfaces; and Recycal, an environmentally conscious recycled calcium silicate insulation. MEISEI INDUSTRIAL undertakes critical insulation projects for liquefied natural gas (LNG) and petroleum gas infrastructure, covering liquefaction equipment, low-temperature carriers, and storage facilities. They also perform specialized furnace and refractory insulation for industrial furnaces, incinerators, and boiler ducts, in addition to insulation work for nuclear power plants. Beyond thermal solutions, the company supplies a robust portfolio of fire protection products, such as the cement-based Pyrocrete 241, the epoxy-type Thermolag 3000, Mandoseal, and Fendolite M II Marine Mandolite 25/40. Their construction capabilities further extend to the repair and reinforcement of concrete structures, the development of incinerator facilities, stack inner lining refurbishment, and the provision of acoustic insulation solutions. To support these varied operations, MEISEI INDUSTRIAL manufactures and distributes an extensive array of specialized materials. This includes various processed and molded polyurethane foams, insulation panels tailored for LNG carriers, metallic insulation products, lightweight anti-corrosion coatings, and calcium silicate insulation materials. The company also offers high-performance coatings like Grapple Zinc Primer, a heavy-duty anticorrosion solution for steel structures, and ULVA Shield, a polymeric rubber sheet used for thermal insulation of pipes, vessels, and equipment.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
JP
CEO
Tetsuji Yanase
Listed since
Apr 4, 2000
Employees
768

Market position

Day range

Current ¥1,792

52-week range

Current ¥1,792

Open
¥1,771
Previous close
¥1,769
Volume
24.9K
0.27× average
Average volume
92.89K
Average daily volume
Market cap
82.26B JPY
Beta
0.51
Market reference 1
50-day average
¥1,845.14
-2.88% below average
200-day average
¥1,787.27
+0.26% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
15.09×
P/B (TTM)
1.21×
P/S (TTM)
1.38×
Dividend yield
3.63%

Profitability & efficiency

Gross margin
22.08%
Operating margin
12.86%
Net margin
9.31%

Financial health

Debt / equity
0.01×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends25%19%13%6%Gross margin, FY2021: 20.51%Gross margin, FY2022: 20.72%Gross margin, FY2023: 21.24%Gross margin, FY2024: 23.75%Gross margin, FY2025: 21.91%Operating margin, FY2021: 11.03%Operating margin, FY2022: 12.22%Operating margin, FY2023: 13.35%Operating margin, FY2024: 16.06%Operating margin, FY2025: 12.73%Net margin, FY2021: 7.84%Net margin, FY2022: 8.37%Net margin, FY2023: 10.34%Net margin, FY2024: 12.76%Net margin, FY2025: 9.11%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 20.51%. Gross margin FY2022 20.72%. Gross margin FY2023 21.24%. Gross margin FY2024 23.75%. Gross margin FY2025 21.91%. Operating margin FY2021 11.03%. Operating margin FY2022 12.22%. Operating margin FY2023 13.35%. Operating margin FY2024 16.06%. Operating margin FY2025 12.73%. Net margin FY2021 7.84%. Net margin FY2022 8.37%. Net margin FY2023 10.34%. Net margin FY2024 12.76%. Net margin FY2025 9.11%.

Income trends

Revenue

60.3B JPY-9.03%

Operating income

7.68B JPY-27.87%

Net income

5.49B JPY-35.02%
Income trends across reported periods72.53B JPY47.54B JPY22.54B JPY−2.46B JPYRevenue, FY2021: 48.39B JPYRevenue, FY2022: 55.89B JPYRevenue, FY2023: 60.38B JPYRevenue, FY2024: 66.28B JPYRevenue, FY2025: 60.3B JPYOperating income, FY2021: 5.34B JPYOperating income, FY2022: 6.83B JPYOperating income, FY2023: 8.06B JPYOperating income, FY2024: 10.64B JPYOperating income, FY2025: 7.68B JPYNet income, FY2021: 3.79B JPYNet income, FY2022: 4.68B JPYNet income, FY2023: 6.24B JPYNet income, FY2024: 8.46B JPYNet income, FY2025: 5.49B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 48.39B JPY. Revenue FY2022 55.89B JPY. Revenue FY2023 60.38B JPY. Revenue FY2024 66.28B JPY. Revenue FY2025 60.3B JPY. Operating income FY2021 5.34B JPY. Operating income FY2022 6.83B JPY. Operating income FY2023 8.06B JPY. Operating income FY2024 10.64B JPY. Operating income FY2025 7.68B JPY. Net income FY2021 3.79B JPY. Net income FY2022 4.68B JPY. Net income FY2023 6.24B JPY. Net income FY2024 8.46B JPY. Net income FY2025 5.49B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue60.3B JPY66.28B JPY60.38B JPY55.89B JPY48.39B JPY
Cost of goods sold47.09B JPY50.54B JPY47.55B JPY44.31B JPY38.46B JPY
Gross profit13.21B JPY15.74B JPY12.83B JPY11.58B JPY9.93B JPY
Research and development211M JPY205M JPY209M JPY187M JPY
Selling, general, and administrative5.53B JPY4.79B JPY4.56B JPY4.44B JPY4.47B JPY
Operating expenses5.53B JPY5.13B JPY4.77B JPY4.75B JPY4.59B JPY
Interest income135M JPY111M JPY98M JPY34M JPY15M JPY
Interest expense7M JPY5M JPY4M JPY4M JPY4M JPY
Depreciation and amortization988M JPY757M JPY618M JPY568M JPY761M JPY
Operating income7.68B JPY10.64B JPY8.06B JPY6.83B JPY5.34B JPY
Net income5.49B JPY8.46B JPY6.24B JPY4.68B JPY3.79B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
116.92
FY2025 · -33.06% year over year
Latest fiscal-year revenue
60.3B JPY
FY2025 · -9.03% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend184.68144.65104.6364.6FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend68.07B60.91B53.76B46.6BFY21FY22FY23FY24FY25

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥59.00

2025 complete year+168.2% since 2021

2026 partial: ¥45.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥25.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥40.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥45.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 26, 2026

Dividend

Ex-dividend Sep 29, 2025

¥20.00

Semi-Annual

Record Sep 30, 2025 · Payment Nov 21, 2025

Dividend

Ex-dividend Mar 28, 2025

¥39.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 27, 2025

Dividend

Ex-dividend Sep 27, 2024

¥21.00

Annual

Record Sep 30, 2024 · Payment Nov 22, 2024

1976.T peers

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Funds reporting this stock among their holdings, ordered by reported position size.

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