Mipox Corporation logo

Mipox Corporation

5381.T

JPXBasic MaterialsChemicals - Specialty

Latest quote

¥947

+¥6.00 · +0.64%

Aug 24, 2:37 PM JST

5381.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Operating both within Japan and globally, Mipox Corporation specializes in the provision of advanced polishing solutions. Their comprehensive product portfolio encompasses a wide array of polishing materials, including films, abrasive papers and cloths, liquid slurries, fiber discs, non-woven abrasive fabrics, and flap wheels. They also supply specialized items such as functional films, fine diamonds, fine super pellets, detergents, lubricants, polishing machinery, and inspection equipment. Further offerings include cleaning solutions, VARIO brand products, 3D printed objects, and retroreflective materials. Beyond products, Mipox delivers key services, such as quality assessment, bespoke contracted polishing, research and development initiatives, and expert consulting. These solutions find extensive application across numerous industries, from high-tech sectors like hard-disk manufacturing, optical fiber and connector production, flat-panel displays, and semiconductors (both standard and compound), to more traditional areas. Specific uses include the polishing of samples and shafts, various automobile components and their repair, hoop materials and wire rods, and 3D printed structures. They are also crucial for general surface processing, printed circuit boards, architectural applications, wood and finishing hardware, sheet metal work, aircraft and shipbuilding, as well as the finishing of stone and glass. Originally established as Nihon Micro Coating Co., Ltd, the company rebranded to Mipox Corporation in August 2013. Founded in 1925, Mipox Corporation maintains its headquarters in Chiyoda, Japan.

Industry
Chemicals - Specialty
Sector
Basic Materials
Headquarters
JP
CEO
Jun Watanabe
Listed since
Feb 21, 2001
Employees
497

Market position

Day range

Current ¥947

52-week range

Current ¥947

Open
¥979
Previous close
¥941
Volume
151.6K
0.48× average
Average volume
314.31K
Average daily volume
Market cap
13.19B JPY
Beta
0.9
Market reference 1
50-day average
¥948.16
-0.12% below average
200-day average
¥822.75
+15.10% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
15.11B JPY
P/E (TTM)
16.66×
P/B (TTM)
1.45×
P/S (TTM)
1.05×
EV / EBITDA
11.07×
Earnings yield
4.43%
Free cash flow yield
-2.29%
Dividend yield
1.06%

Profitability & efficiency

Gross margin
40.25%
Operating margin
6.89%
Net margin
6.25%
Return on equity
5.65%
Return on assets
2.80%
Return on invested capital
2.20%

Financial health

Debt / equity
0.72×
Current ratio
1.53×
Altman Z-score
2.17
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends48%29%10%-10%Gross margin, FY2021: 43.53%Gross margin, FY2022: 34.54%Gross margin, FY2023: 27.55%Gross margin, FY2024: 38.02%Gross margin, FY2025: 37.46%Operating margin, FY2021: 14.04%Operating margin, FY2022: 2.12%Operating margin, FY2023: -4.73%Operating margin, FY2024: 8.43%Operating margin, FY2025: 4.80%Net margin, FY2021: 14.84%Net margin, FY2022: 0.45%Net margin, FY2023: -4.37%Net margin, FY2024: 8.16%Net margin, FY2025: 4.19%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 43.53%. Gross margin FY2022 34.54%. Gross margin FY2023 27.55%. Gross margin FY2024 38.02%. Gross margin FY2025 37.46%. Operating margin FY2021 14.04%. Operating margin FY2022 2.12%. Operating margin FY2023 -4.73%. Operating margin FY2024 8.43%. Operating margin FY2025 4.80%. Net margin FY2021 14.84%. Net margin FY2022 0.45%. Net margin FY2023 -4.37%. Net margin FY2024 8.16%. Net margin FY2025 4.19%.

Income trends

Revenue

12.06B JPY+7.94%

Operating income

579.41M JPY-38.51%

Net income

505.65M JPY-44.55%
Income trends across reported periods13.31B JPY8.31B JPY3.31B JPY−1.69B JPYRevenue, FY2021: 10.45B JPYRevenue, FY2022: 10.03B JPYRevenue, FY2023: 9.35B JPYRevenue, FY2024: 11.17B JPYRevenue, FY2025: 12.06B JPYOperating income, FY2021: 1.47B JPYOperating income, FY2022: 212.98M JPYOperating income, FY2023: −442.27M JPYOperating income, FY2024: 942.23M JPYOperating income, FY2025: 579.41M JPYNet income, FY2021: 1.55B JPYNet income, FY2022: 45.29M JPYNet income, FY2023: −408.66M JPYNet income, FY2024: 911.88M JPYNet income, FY2025: 505.65M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 10.45B JPY. Revenue FY2022 10.03B JPY. Revenue FY2023 9.35B JPY. Revenue FY2024 11.17B JPY. Revenue FY2025 12.06B JPY. Operating income FY2021 1.47B JPY. Operating income FY2022 212.98M JPY. Operating income FY2023 −442.27M JPY. Operating income FY2024 942.23M JPY. Operating income FY2025 579.41M JPY. Net income FY2021 1.55B JPY. Net income FY2022 45.29M JPY. Net income FY2023 −408.66M JPY. Net income FY2024 911.88M JPY. Net income FY2025 505.65M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue12.06B JPY11.17B JPY9.35B JPY10.03B JPY10.45B JPY
Cost of goods sold7.54B JPY6.92B JPY6.78B JPY6.56B JPY5.9B JPY
Gross profit4.52B JPY4.25B JPY2.58B JPY3.46B JPY4.55B JPY
Research and development212.31M JPY158.8M JPY122.83M JPY133.05M JPY48M JPY
Selling, general, and administrative3.73B JPY3.15B JPY2.79B JPY3.01B JPY2.96B JPY
Operating expenses3.94B JPY3.3B JPY3.02B JPY3.25B JPY3.08B JPY
Interest income26.96M JPY39.65M JPY19.55M JPY7.5M JPY5.19M JPY
Interest expense91.62M JPY71.53M JPY68.49M JPY69.44M JPY50.39M JPY
Depreciation and amortization785.35M JPY646.48M JPY661.18M JPY546M JPY338.21M JPY
Operating income579.41M JPY942.23M JPY−442.27M JPY212.98M JPY1.47B JPY
Net income505.65M JPY911.88M JPY−408.66M JPY45.29M JPY1.55B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.97

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates26.2115.915.61-4.69Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 14, 2024: actual 3.72, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 24.08, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 7.77, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual -2.56, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 14, 2025: actual 21.52, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 11.93, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 5.33, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 0.973, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates3.38B3.1B2.82B2.54BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 14, 2024: actual 3.07B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 2.67B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 2.87B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 2.69B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 14, 2025: actual 3B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 3.17B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 3.19B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 3.25B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥10.00

2025 complete year0.0% since 2017

2026 partial: ¥10.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 30, 2027

¥10.00

Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥10.00

Annual

Record Mar 31, 2026 · Payment Jun 24, 2026

Dividend

Ex-dividend Mar 28, 2025

¥10.00

Annual

Record Mar 31, 2025 · Payment Jun 25, 2025

Dividend

Ex-dividend Mar 30, 2023

¥10.00

Annual

Record Mar 31, 2023 · Payment Jun 28, 2023

Dividend

Ex-dividend Mar 30, 2022

¥15.00

Annual

Record Mar 31, 2022 · Payment Jun 29, 2022

Dividend

Ex-dividend Mar 28, 2018

¥10.00

Annual

Record Mar 31, 2018 · Payment Jun 27, 2018

5381.T peers

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

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