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Employees: 4,568
Size Mitsuboshi Belting (5192.T) is a Japan Consumer Discretionary company (Auto Parts: OEM) with a market value of $716M, the 893rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,090 on 6 Nov 2026.
Performance Over six months the shares gained 3.7%, against -21.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 5.3% over the last twelve months (peer median +7.8%); the operating margin is 10.1% (peer median 4.5%).
Valuation It trades at 10.8× forward earnings against a peer median of 22.3× (2nd cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points above its cost of capital (6.8% WACC).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥95.2B | ¥92.3B | ¥90.5B | ¥84.0B | ¥82.9B |
| Revenue growth | — | +2% | +8% | +1% | — |
| Gross profit | ¥29.5B | ¥27.4B | ¥27.0B | ¥24.6B | ¥25.6B |
| EBITDA | ¥14.3B | ¥13.3B | ¥13.7B | ¥12.0B | ¥13.1B |
| Net income | ¥7.97B | ¥7.39B | ¥9.06B | ¥7.10B | ¥7.07B |
| Free cash flow | n/a | ¥2.54B | ¥758M | ¥6.88B | ¥3.74B |
| Capital expenditure | n/a | ¥7.77B | ¥6.99B | ¥5.04B | ¥5.60B |
| Total debt | ¥1.75B | ¥2.31B | ¥5.67B | ¥6.53B | ¥9.11B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 5192.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.1% | -3.2% | 9th highest of 21 |
| 6-month return | +3.7% | -21.6% | 4th highest of 21 |
| Distance from 52-week high | -11.9% | -38.6% | 3rd highest of 21 |
| Revenue growth (TTM) | +5.3% | +7.8% | 9th lowest of 21 |
| Operating margin | 10.1% | 4.5% | 7th highest of 21 |
| Forward P/E | 10.8× | 22.3× | 2nd cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -1.1% | 16.0% | least demanding of 15 |
| Growth delivered (Del g) | +7.3% | +10.0% | 7th lowest of 15 |
| Hurdle (Req g minus delivered) | -8.4 pp | +5.2 pp | 2nd least demanding of 15 |
| ROIC minus cost of capital | +1.9 pp | -2.1 pp | 7th highest of 21 |
| EV / EBITDA | 6.1× | 18.6× | 2nd cheapest of 9 |
| Net debt / EBITDA | -1.8× | 1.9× | least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Mitsuboshi Belting 5192.T | Japan | $716M | +4% | +5% | 10% | 10.8× | -1.1% | +7.3% |
| Changzhou Tenglong Auto Parts 603158.SS | China | $719M | -22% | +9% | 4% | 15.4× | 25.1% | +18.7% |
| Zhejiang Zomax Transmission 603767.SS | China | $711M | -20% | +3% | 1% | n/a | 23.6% | -2.7% |
| Changhua 605018.SS | China | $710M | -21% | -7% | -1% | 25.8× | n/a | n/a |
| Zhejiang VIE Science & Technology 002590.SZ | China | $723M | -22% | +8% | 4% | n/a | 9.1% | +14.5% |
| Shentong Technology 605228.SS | China | $726M | -28% | +7% | 11% | n/a | 7.1% | +4.9% |
| Reach Machinery 301596.SZ | China | $733M | -8% | +16% | 14% | n/a | 32.5% | +9.5% |
| Suprajit Engineering SUPRAJIT.NS | India | $701M | +11% | +18% | 7% | 23.8× | n/a | n/a |
| S.J.S. Enterprises SJS.NS | India | $699M | +3% | +26% | 24% | 30.4× | 20.2% | +30.6% |
| Xuchang Yuandong Drive Shaft 002406.SZ | China | $699M | -24% | +31% | 13% | 20.9× | 2.1% | -6.3% |
| Guizhou Guihang Automotive Components 600523.SS | China | $739M | -11% | +7% | 4% | n/a | 17.3% | +2.4% |
| Zhejiang Dehong Automotive Electronic & Electrical 603701.SS | China | $694M | -29% | +35% | 2% | 110.6× | n/a | n/a |
| Fox Factory FOXF | United States | $748M | 0% | +2% | 5% | 15.2× | 14.6% | +10.5% |
| China Yuchai International CYD | United States | $750M | -57% | +21% | 4% | 5.6× | n/a | n/a |
| Changchun Engley Automobile Industry 601279.SS | China | $752M | -21% | -15% | -6% | n/a | 7.1% | -2.9% |
| Shenzhen Dawei Innovation Technology 002213.SZ | China | $756M | -44% | +12% | 3% | n/a | n/a | n/a |
| Jiangsu Olive Sensors High-Tech 300507.SZ | China | $671M | -32% | -17% | 5% | n/a | 17.1% | +23.1% |
| Wencan 603348.SS | China | $670M | -22% | +3% | -7% | 58.3× | n/a | n/a |
| CIR S.p.A. - Compagnie Industriali Riunite CIR.MI | Italy | $776M | +12% | 0% | 6% | 13.4× | 2.3% | -0.2% |
| PWR PWH.AX | Australia | $776M | +24% | +31% | 16% | 46.9× | 41.7% | +16.6% |
| Sichuan Chuanhuan Technology 300547.SZ | China | $661M | -48% | -2% | 13% | 16.2× | 14.9% | +17.3% |