1. Japan Stocks

  2. •

    Industrial services

  3. •

    Engineering & construction
Meisei Industrial Co., Ltd.

Meisei Industrial Co., Ltd.

TTSE:1976
1,720.00
JPY
+22.00
(+1.30%)
78.81BMarket Cap
Oct 30Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
804.93
871.76
854.57
995.59
1,063.57
1,014.91
1,025.49
985.63
951.83
1,122.52
1,219.02
1,369.46
1,283.25
- -
Basic EPS, GAAP
41.15
77.67
73.82
75.45
84.03
97.4
90.99
89.72
74.61
94
126.05
174.67
116.92
- -
Free Cash Flow per Basic Share
79.38
118.81
21.42
-19.56
174.45
48.76
7.81
85.37
136.12
62.92
105.37
102
128.41
- -
Dividend per Share
6.01
9.08
9
11.05
15.95
27.92
30.2
30.06
30.33
32.14
38.36
62.56
59.84
- -
Book Value per Share
593.71
667.36
721.42
795.5
868.94
927.06
983.86
1,053.14
1,116.31
1,185.82
1,299.12
1,440.67
1,503.26
1,503.26
Tangible Book Value per Share
592.76
666.21
720.38
794.17
867.73
925.68
982.55
1,051.46
1,114.82
1,184.57
1,297.23
1,436.72
1,499.63
1,499.63
Basic Weighted Avg Shares
54
54
53
52
52
52
52
51
51
50
50
48
47
47
Sales/Revenue/Turnover
43,813
46,873
45,412
51,715
55,146
52,810
53,073
50,533
48,389
55,890
60,377
66,283
60,299
- -
Operating Margin (%)
8.41
12.19
12.59
10.82
11.43
13.78
12.24
12.72
11.04
12.23
13.35
16.06
12.73
- -
Depreciation Expense
396
309
315
401
558
473
481
810
761
568
618
757
988
- -
Net Income, GAAP
2,240
4,176
3,923
3,919
4,357
5,068
4,709
4,600
3,793
4,680
6,243
8,454
5,494
- -
Effective Tax Rate (%)
42
32.33
31.47
30.69
32.48
32.21
32.26
31.52
32.72
31.95
25.88
26.95
25.72
- -
Profit Margin (%)
5.11
8.91
8.64
7.58
7.9
9.6
8.87
9.1
7.84
8.37
10.34
12.75
9.11
- -
Working Capital
19,378
22,626
23,844
26,526
27,441
31,442
33,471
37,275
37,971
41,618
43,127
46,605
48,327
48,327
LT Debt
578
830
- -
1,042
250
710
250
960
- -
800
100
700
100
100
Total Equity
32,484
35,612
38,400
41,472
45,383
48,714
50,782
54,363
55,923
59,447
63,867
69,205
69,521
69,521
Return on Invested Capital (%)
6.27
10.43
9.83
9.19
9.32
9.98
8.4
8.01
6.28
7.78
9.37
11.25
7.92
- -
Return on Capital (%)
6.74
11.7
10.11
9.45
9.75
10.49
9.23
8.56
6.76
7.97
9.85
12.26
7.88
- -
Return on Common Equity (%)
7.19
12.33
10.66
9.87
10.09
10.84
9.53
8.81
6.92
8.17
10.2
12.81
7.99
- -

Capital Structure

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
ST Debt
- -
700
700
LT Borrowings
- -
100
100
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
46
Market Capitalization
71,393
77,306
78,814

Working Capital

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
Total Current Assets
- -
57,331
61,199
Cash, Cash Equivalents & STI
- -
35,970
36,812
Accounts Receivable, Net
- -
19,492
15,490
Inventories
- -
1,466
1,089
Total Current Liabilities
- -
11,353
12,872
Payables & Accruals
- -
- -
- -
ST Debt
- -
700
700
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.15%
5.09%
0.46%
Free Cash Flow
-26.54%
17.35%
22.22%
Net Income, GAAP
5.77%
7.93%
-35.01%
Sales/Revenue/Turnover
3.2%
4.01%
-9.03%
Total Cash Common Dividend
22.08%
14.96%
-7.13%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12,534
14,044
15,971
17,828
60,377
2025
- -
- -
- -
- -
66,283
2026
- -
- -
- -
- -
60,299

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16.14
28.58
29.96
51.72
126.05
2025
- -
- -
- -
- -
174.67
2026
- -
- -
- -
- -
116.92

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
38.36
2025
- -
- -
- -
- -
62.56
2026
- -
- -
- -
- -
59.84

Company Description

Company Profile APIChatGPT
CEO
Tetsuji Yanase
Full Time Employees
768
Sector
Industrial services
Industry
Engineering & construction
Address
Meisei Bldg. Osaka OS Japan 550-0003
IPO Date
Oct 1, 1971
Website
meisei-kogyo.co.jp
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Business
MEISEI INDUSTRIAL Co.,Ltd. MEISEI INDUSTRIAL Co.,Ltd. engages primarily in construction works, specializing in heat insulation, construction materials, freezing, refrigeration, and low-temperature applications; it also manufactures and sells boilers and industrial machinery in Japan and internationally. The company offers core products including hot and cold insulation systems such as Keical-Ace Super-Silica for primary hot insulation, Keical-Ace Win for rust prevention, and Recycal recycled calcium silicate; processed polyurethane foams, insulation panels for LNG carriers, molded polyurethane foams, metal insulation products, light anti-corrosion coatings, calcium silicate insulation materials, Grapple Zinc Primer heavy-duty anticorrosion coating for steel structures, and ULVA Shield polymeric rubber sheets for piping and equipment thermal insulation; water-tube boilers, boiler plants, incineration plants, and industrial incinerators for energy-saving and pollution control. Founded in 1944 and headquartered in Osaka, Japan, MEISEI INDUSTRIAL Co.,Ltd. operates through Construction Work and Boiler segments, serving manufacturing, energy, and environmental sectors with approximately 756 employees. Recent developments include authorization of a share buyback plan by its board on November 20, 2025, alongside consolidated financial results for the six months ended September 30, 2025, reflecting ongoing profitability enhancements through standard maintenance orders and low-carbon projects.