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    Producer manufacturing

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    Auto parts: OEM
Mitsuboshi Belting Ltd.

Mitsuboshi Belting Ltd.

TTSE:5192
4,260.00
JPY
+65.00
(+1.55%)
109.69BMarket Cap
Nov 11Next Earn
Mitsuboshi Belting Ltd.
TSE:5192
(Tokyo Stock Exchange)

Recent

price

4,260.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
JPY
1,470.14
1,655.12
1,697.99
1,971.21
2,050.89
2,082.12
2,155.08
2,300.02
2,379.84
2,387.15
2,230.77
2,584.58
2,920.76
2,962.14
3,199.32
3,288.25
- -
Revenue per Share
97.08
98.52
114.1
146.13
190.26
176.69
216.27
206.62
203.5
183.58
139.84
220.24
249.09
250.4
320.25
263.35
- -
Basic EPS, GAAP
152.71
43.19
94.46
117.77
217.78
191.78
203.09
173.28
161.1
119.17
168.32
103.08
131.79
242.61
26.79
90.63
- -
Free Cash Flow per Basic Share
26.41
23.99
30.27
27.98
33.99
42.1
36.58
47.99
51.99
64.04
54
63.28
231.38
254.98
215.83
186.97
- -
Dividend per Share
1,125.16
1,197.26
1,366.31
1,569.98
1,870.27
1,893.03
2,086.37
2,258.9
2,393.61
2,474.52
2,691.59
3,018.43
3,089.38
3,463.25
3,403.06
3,640.71
3,640.71
Book Value per Share
1,123.06
1,195.23
1,363.96
1,567.53
1,867.89
1,890.81
2,084.09
2,256.69
2,364.88
2,426.51
2,652.08
2,987.47
3,061.48
3,441.22
3,376.74
3,617.56
3,617.56
Tangible Book Value per Share
35
33
33
32
32
32
31
30
30
30
29
29
28
28
28
28
28
Basic Weighted Avg Shares
50,928
55,339
55,581
63,685
66,251
67,062
66,396
69,594
72,002
71,051
64,862
74,870
82,911
84,014
90,510
92,298
- -
Sales/Revenue/Turnover
9.57
10.29
9.39
9.62
10.77
11.38
12.47
12.11
11.29
10.27
7.66
10.2
10.89
9.24
9.86
9.4
- -
Operating Margin (%)
3,364
3,116
2,830
2,924
3,091
3,092
2,839
2,999
3,012
3,324
3,972
3,867
4,104
4,265
4,733
4,602
- -
Depreciation Expense
3,363
3,294
3,735
4,721
6,146
5,691
6,663
6,252
6,157
5,464
4,066
6,380
7,071
7,102
9,060
7,392
- -
Net Income, GAAP
20.94
38.27
37.65
32.66
26.33
26.93
29.15
29.91
30.63
30.06
30.58
26.99
27.94
30.95
28.5
28.84
- -
Effective Tax Rate (%)
6.6
5.95
6.72
7.41
9.28
8.49
10.04
8.98
8.55
7.69
6.27
8.52
8.53
8.45
10.01
8.01
- -
Profit Margin (%)
18,126
21,710
22,630
25,772
32,445
37,383
39,558
41,888
48,727
45,344
49,093
52,325
55,469
56,376
55,521
56,863
56,863
Working Capital
7,069
6,763
4,917
2,557
1,571
4,195
3,048
2,100
4,420
2,700
1,800
900
4,000
3,000
2,000
1,000
1,000
LT Debt
37,621
40,030
44,145
50,720
60,413
59,749
63,135
68,348
72,419
71,952
78,264
86,877
87,600
98,246
95,784
101,618
101,618
Total Equity
7.35
6.56
5.79
6.95
8.16
8.16
8.36
8.12
7.22
6.32
4.21
6.32
6.9
5.29
6.11
5.97
- -
Return on Invested Capital (%)
6.68
6.47
6.94
8.24
9.8
8.47
9.66
8.75
7.99
6.88
5.06
7.36
7.61
7.13
8.85
7.26
- -
Return on Capital (%)
8.85
8.48
8.87
9.95
11.06
9.47
10.84
9.51
8.75
7.57
5.41
7.73
8.11
7.64
9.34
7.49
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
ST Debt
- -
3,303
1,000
LT Borrowings
- -
1,500
1,000
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
28
28
28
Market Capitalization
96,683
104,382
109,693

Working Capital

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
Total Current Assets
- -
76,350
74,976
Cash, Cash Equivalents & STI
- -
30,211
27,757
Accounts Receivable, Net
- -
19,915
19,660
Inventories
- -
24,470
25,177
Total Current Liabilities
- -
21,903
18,113
Payables & Accruals
- -
- -
- -
ST Debt
- -
3,303
1,000
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.56%
5.51%
6.09%
Free Cash Flow
20.57%
43.37%
235.62%
Net Income, GAAP
4.99%
15.47%
-18.41%
Sales/Revenue/Turnover
3.45%
7.44%
1.98%
Total Cash Common Dividend
27.94%
51.11%
-14.05%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20,549
21,479
21,008
20,978
84,014
2025
- -
- -
- -
- -
90,510
2026
- -
- -
- -
- -
92,298

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
77.27
49.42
54.29
69.41
250.4
2025
- -
- -
- -
- -
320.25
2026
- -
- -
- -
- -
263.35

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
254.98
2025
- -
- -
- -
- -
215.83
2026
- -
- -
- -
- -
186.97
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Business
Mitsuboshi Belting Ltd. (5192.T) manufactures and sells power transmission belts, conveyor belts, engineering plastics, waterproofing materials, and related products worldwide. The company produces automobile and motorcycle transmission belts including V-ribbed belts, raw edge V-belts, timing belts, variable speed belts, and accessory drive systems; industrial power transmission belts such as V-belts for general industry and agricultural machinery, RIBSTAR belts, polyurethane belts, FLEXSTAR belts, pulleys, and couplings; conveyor belts and systems; engineering plastics materials and processed products; waterproofing and water-shielding sheets for construction and civil engineering; electronic materials and coating materials; and other rubber and plastic items including structural foams. Founded in 1919 and headquartered in Kobe, Japan, Mitsuboshi Belting operates through subsidiaries and facilities in the United States, Europe, Thailand, Indonesia, China, India, Vietnam, Korea, Poland, Singapore, and the United Arab Emirates, serving automotive, industrial machinery, agriculture, construction, and electronics sectors. In recent developments, the company established Mitsuboshi Belting Korea in April 2024 and Mitsuboshi Belting Middle East FZCO in the UAE in April 2025 to expand its Asian and Middle Eastern presence; opened a new office in Chicago in April 2024; completed a new plant for its Indian subsidiary in 2023; announced a mid-term business plan in May 2024; initiated a share buyback program in late 2024, acquiring approximately 242,000 shares by December 2024; and launched its Integrated Report 2024 in December 2024, emphasizing sustainability initiatives such as carbon neutrality efforts and TCFD endorsement.