1976

MEISEI INDUSTRIAL Co.,Ltd.

明星工業株式会社
Construction
MEISEI INDUSTRIAL Co.,Ltd. operates as a construction works company in Japan and internationally. The company operates through two segments, Construction Work Business and Boiler Business. It offers hot and cold insulation systems, including the Keical-Ace Super-Silica, which is used in various fields as a primary hot insulation material; the Keical-Ace Win for rust prevention of heat-insulated objects; and the Recycal, a recycled calcium silicate insulation material. The company also undertakes liquefied natural (LNG) gas and petroleum gas-related insulation works comprising on-site liquefaction equipment, low-temperature liquefaction carriers, and domestic storage facilities; furnace and refractory insulation works for industrial furnaces, incinerators, and boiler ducts; and insulation works for nuclear power plants. In addition, it provides fireproofing products, such as Pyrocrete 241, a cement-based fireproofing material; Thermolag 3000, an epoxy-type fireproofing material; Mandoseal; and Fendolite M II Marine Mandolite 25/40. Further, the company is involved in the repair and reinforcement of concrete structures; construction of incinerator facilities; repair of stack linings; and provision of acoustic insulation products. Additionally, it offers various materials used in insulation-related work, such as processed polyurethane foams, insulation panels for LNG carriers, molded polyurethane foams, metal insulation products, light anti-corrosion coatings, and calcium silicate insulation materials; Grapple Zinc Primer, a heavy-duty anticorrosion coating for steel structures; and ULVA Shield, a polymeric rubber sheet for the thermal insulation of piping, vessels, and equipment. MEISEI INDUSTRIAL Co.,Ltd. was founded in 1944 and is headquartered in Osaka, Japan.
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Price
¥1,738
Market Cap
¥83.0B
Ent. Value
¥50.5B
Net Cash
¥32.5B
Shares Out.
47.7M
P / E
9.9×
EV / EBIT
4.8×
P / Book
1.21×
P / NCAV
1.98×
Div. Yield
3.45%
Financials
Metric FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales ¥66.3B ¥60.4B ¥55.9B ¥48.4B
SG&A ¥5.1B ¥4.8B ¥4.8B ¥4.6B
Operating Income ¥10.6B ¥8.1B ¥6.8B ¥5.3B
Non-Operating Income ¥839M ¥686M ¥613M ¥554M
Dividend Income ¥206M ¥133M ¥110M ¥99M
Interest Income ¥111M ¥98M ¥34M ¥15M
Non-Operating Expenses ¥217M ¥199M ¥185M ¥252M
Interest Expense ¥5M ¥4M ¥4M ¥4M
Ordinary Income ¥11.2B ¥8.5B ¥7.3B ¥5.6B
Pre-tax Income ¥11.9B ¥8.5B ¥6.9B ¥5.6B
Income Taxes ¥3.2B ¥2.2B ¥2.2B ¥1.8B
Current Tax ¥2.9B ¥2.3B ¥2.3B ¥1.8B
Deferred Tax ¥283M ¥-62M ¥-110M ¥14M
Net Income (owners) ¥8.5B ¥6.2B ¥4.7B ¥3.8B
Minority Interest ¥205M ¥92M ¥16M ¥1M
Comprehensive Income ¥10.0B ¥7.5B ¥5.1B ¥4.1B
EBITDA ¥11.4B ¥8.7B ¥7.4B ¥6.1B
Goodwill Amort. (J-GAAP) ¥25M
EPS ¥174.68 ¥126.06 ¥94.00 ¥74.63
Shares Outstanding 47.7M 49.0M 50.0M 50.0M
Shares Issued (total) 55.1M 56.4M 56.4M 56.4M
Treasury Shares 7.4M 7.4M 6.4M 6.4M