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Mitsuboshi Belting Ltd. logo

Mitsuboshi Belting Ltd.

5192.T

JPXIndustrialsIndustrial - Machinery

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Latest quote

¥4,405

+¥45.00 · +1.03%

Aug 24, 3:30 PM JST

5192.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Headquartered in Kobe, Japan, Mitsuboshi Belting Ltd. is a global enterprise founded in 1919. The company specializes in the production and sale of a wide array of industrial products. Its core business encompasses various types of belts, including those for automotive and motorcycle applications (such as v-ribbed, timing, and variable speed belts), general industrial power transmission (like synchronous and frictional belts, pulleys, and couplings), and conveyor systems. Beyond belts, Mitsuboshi also supplies waterproofing materials for construction and water-shielding products for civil engineering projects. Furthermore, the company is a provider of engineering plastic materials and their processed forms. Its offerings extend to electronic and coating materials, featuring items like high-temperature conductive pastes, resistive pastes, silver nano products, metallized ceramic substrates, and glass coatings. Completing its diverse portfolio are functional products, specifically worm wheel blanks and machine tool wipers. The company adopted its current name, Mitsuboshi Belting Ltd., in May 1961, having previously been known as Mitsuboshi Chotai Co., Ltd.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
JP
CEO
Hiroshi Ikeda
Listed since
Jan 1, 2001
Employees
4,568

Market position

Day range

Current ¥4,405

52-week range

Current ¥4,405

Open
¥4,380
Previous close
¥4,360
Volume
36K
0.53× average
Average volume
68.24K
Average daily volume
Market cap
122.95B JPY
Beta
0.38
Market reference 1
50-day average
¥4,093.7
+7.60% above average
200-day average
¥4,006.58
+9.94% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
15.48×
P/B (TTM)
1.21×
P/S (TTM)
1.29×
Dividend yield
4.34%

Profitability & efficiency

Gross margin
30.95%
Operating margin
10.06%
Net margin
8.37%

Financial health

Debt / equity
0.02×
Altman Z-score
4.72
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends34%25%15%6%Gross margin, FY2021: 31.29%Gross margin, FY2022: 32.05%Gross margin, FY2023: 30.42%Gross margin, FY2024: 31.04%Gross margin, FY2025: 30.47%Operating margin, FY2021: 10.20%Operating margin, FY2022: 10.89%Operating margin, FY2023: 9.24%Operating margin, FY2024: 9.87%Operating margin, FY2025: 9.40%Net margin, FY2021: 8.52%Net margin, FY2022: 8.53%Net margin, FY2023: 8.45%Net margin, FY2024: 10.01%Net margin, FY2025: 8.01%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 31.29%. Gross margin FY2022 32.05%. Gross margin FY2023 30.42%. Gross margin FY2024 31.04%. Gross margin FY2025 30.47%. Operating margin FY2021 10.20%. Operating margin FY2022 10.89%. Operating margin FY2023 9.24%. Operating margin FY2024 9.87%. Operating margin FY2025 9.40%. Net margin FY2021 8.52%. Net margin FY2022 8.53%. Net margin FY2023 8.45%. Net margin FY2024 10.01%. Net margin FY2025 8.01%.

Income trends

Revenue

92.3B JPY+1.98%

Operating income

8.68B JPY-2.80%

Net income

7.39B JPY-18.41%
Income trends across reported periods100.89B JPY66.52B JPY32.16B JPY−2.21B JPYRevenue, FY2021: 74.87B JPYRevenue, FY2022: 82.91B JPYRevenue, FY2023: 84.01B JPYRevenue, FY2024: 90.51B JPYRevenue, FY2025: 92.3B JPYOperating income, FY2021: 7.64B JPYOperating income, FY2022: 9.03B JPYOperating income, FY2023: 7.76B JPYOperating income, FY2024: 8.93B JPYOperating income, FY2025: 8.68B JPYNet income, FY2021: 6.38B JPYNet income, FY2022: 7.07B JPYNet income, FY2023: 7.1B JPYNet income, FY2024: 9.06B JPYNet income, FY2025: 7.39B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 74.87B JPY. Revenue FY2022 82.91B JPY. Revenue FY2023 84.01B JPY. Revenue FY2024 90.51B JPY. Revenue FY2025 92.3B JPY. Operating income FY2021 7.64B JPY. Operating income FY2022 9.03B JPY. Operating income FY2023 7.76B JPY. Operating income FY2024 8.93B JPY. Operating income FY2025 8.68B JPY. Net income FY2021 6.38B JPY. Net income FY2022 7.07B JPY. Net income FY2023 7.1B JPY. Net income FY2024 9.06B JPY. Net income FY2025 7.39B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue92.3B JPY90.51B JPY84.01B JPY82.91B JPY74.87B JPY
Cost of goods sold64.18B JPY62.42B JPY58.46B JPY56.34B JPY51.44B JPY
Gross profit28.12B JPY28.09B JPY25.56B JPY26.57B JPY23.43B JPY
Research and development——3.25B JPY3.18B JPY2.96B JPY
Selling, general, and administrative19.44B JPY19.17B JPY13.54B JPY16.57B JPY14.86B JPY
Operating expenses19.44B JPY19.17B JPY17.8B JPY17.54B JPY15.79B JPY
Interest income399M JPY446M JPY433M JPY281M JPY92M JPY
Interest expense53M JPY52M JPY58M JPY51M JPY43M JPY
Depreciation and amortization4.6B JPY4.76B JPY4.29B JPY4.1B JPY3.87B JPY
Operating income8.68B JPY8.93B JPY7.76B JPY9.03B JPY7.64B JPY
Net income7.39B JPY9.06B JPY7.1B JPY7.07B JPY6.38B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
94.57

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates99.9174.4849.0623.63Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 58.23, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 7, 2025: actual 77.8, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 14, 2025: actual 27.8, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 73.37, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 64.08, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 9, 2026: actual 62.45, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 63.45, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 94.57, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates26.21B24.35B22.49B20.62BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 22.42B JPY, estimate 22.8B JPY, surprise -1.68%, Miss. Q2 2025, reported May 14, 2025: actual 22.64B JPY, estimate 21.63B JPY, surprise +4.67%, Beat. Q3 2025, reported Aug 8, 2025: actual 22.32B JPY, estimate 22.2B JPY, surprise +0.56%, Beat. Q4 2025, reported Nov 10, 2025: actual 23.54B JPY, estimate 22.68B JPY, surprise +3.83%, Beat. Q1 2026, reported Feb 9, 2026: actual 23.1B JPY, estimate 22.97B JPY, surprise +0.56%, Beat. Q2 2026, reported May 14, 2026: actual 23.34B JPY, estimate 23.44B JPY, surprise -0.44%, Miss. Q3 2026, reported Aug 7, 2026: actual 25.2B JPY, estimate 22.9B JPY, surprise +10.05%, Beat. Q4 2026, reported Nov 11, 2026: actual —, estimate 24.3B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥186

2025 complete year+210.0% since 2021

2026 partial: ¥101

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥92.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥101

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥101

Semi-Annual

Record Mar 31, 2026 · Payment Jun 29, 2026

Dividend

Ex-dividend Sep 29, 2025

¥90.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 3, 2025

Dividend

Ex-dividend Mar 28, 2025

¥96.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 30, 2025

Dividend

Ex-dividend Sep 27, 2024

¥90.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 4, 2024

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ETFs holding 5192.T

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

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
290.38M
Weight
0.01%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥417.7-0.07%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
8.03M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
6.07M
Weight
0.00%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
4.56M
Weight
0.00%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
WisdomTree Japan Hedged Equity Fund logoWisdomTree Japan Hedged Equity FundDXJ
Market value
3.67M
Weight
0.05%
AUM
7.11B USD
Expense ratio
0.48%
Price / 1D
$177.54+1.10%
Vanguard FTSE All-World ex-US Small-Cap ETF logoVanguard FTSE All-World ex-US Small-Cap ETFVSS
Market value
2.31M
Weight
0.02%
AUM
13.6B USD
Expense ratio
0.06%
Price / 1D
$160.06+0.43%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
2.23M
Weight
0.02%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
iShares Core MSCI Total International Stock ETF logoiShares Core MSCI Total International Stock ETFIXUS
Market value
1.68M
Weight
0.00%
AUM
60.91B USD
Expense ratio
0.07%
Price / 1D
$97.945+0.76%

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