Company profile

Mitsubishi Research Institute, Inc.

EDINET
E23492
Securities
3636
Industry
Information & Communication
Latest annual securities report
2025-12-10 Annual Securities Report PDF HTML
Latest financial report
2026-04-27 Semiannual Securities Report PDF HTML
Latest filing
2026-05-20 Large Shareholding Report PDF HTML
Compare this company

Industry position

Information & Communication

View details
Profitability Below average Current Bottom 41% 5-year trend Broadly stable
Financial strength Below average Based on Equity ratio Current Bottom 43% 5-year trend Broadly stable
Growth Weak Current Bottom 30% 5-year trend Deteriorating
Cash generation Below average Current Bottom 40% 5-year trend Improving

Latest half-year results

H1 FY2026

2025/10/01 - 2026/03/31

Consolidated · Japanese GAAP · Cumulative YTD

For H1 FY2026, revenue was ¥72.57 billion, up 10.9% year over year. Operating income was ¥9.29 billion, up 36.3% year over year. Net income was ¥8.77 billion, up 68.5% year over year.

Revenue ¥72.57B up 10.9% year over year
Operating income ¥9.29B up 36.3% year over year
Net income ¥8.77B up 68.5% year over year
Operating cash flow -¥11.99B
Free cash flow -¥12.3B
Total assets ¥140.41B

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2025

Consolidated Japanese GAAP

Revenue reached ¥121.46 billion, up 5.3% year over year. Operating income was ¥8.01 billion, up 13.5% year over year. Operating margin was 6.6%. Net income was ¥6.39 billion, up 27.6% year over year. ROE was 7.9%; equity ratio was 56.1%; free cash flow was ¥2.42 billion.

Revenue ¥121.46B up 5.3% year over year
Operating income ¥8.01B up 13.5% year over year
Net income ¥6.39B up 27.6% year over year
Total assets¥128.11B
Total equity—
Operating cash flow¥6.42B
Free cash flow¥2.42B

Industry position details

Information & Communication

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Below average

Operating margin Bottom 59% / ROE Bottom 62%

Financial strength Below average
Based on Equity ratio

Equity ratio Bottom 59%

Growth Weak

Revenue growth Bottom 66% / 3-year revenue CAGR Bottom 78%

Cash generation Below average

Operating cash flow margin Bottom 66% / Free cash flow margin Bottom 57%

Profitability Industry position history Broadly stable
2025 Bottom 40% 2024 Bottom 39% 2023 Bottom 46% 2022 Bottom 50% 2021 Bottom 40%
Financial strength Industry position history Broadly stable
2025 Bottom 39% 2024 Bottom 38% 2023 Bottom 36% 2022 Bottom 31% 2021 Bottom 35%
Growth Industry position history Deteriorating
2025 Bottom 30% 2024 Bottom 23% 2023 Top 50% 2022 Top 35% 2021 Top 40%
Cash generation Industry position history Improving
2025 Bottom 39% 2024 Top 34% 2023 Bottom 41% 2022 Bottom 45% 2021 Bottom 28%
Profitability Operating margin 6.6% Industry median 8.5% Bottom 59% Comparison sample 262
Profitability ROE 7.9% Industry median 11.1% Bottom 62% Comparison sample 262
Financial strength Equity ratio 56.1% Industry median 60.4% Bottom 59% Comparison sample 262
Growth Revenue growth +5.3% Industry median +10.0% Bottom 66% Comparison sample 245
Growth 3-year revenue CAGR +1.4% Industry median +9.3% Bottom 78% Comparison sample 196
Cash generation Operating cash flow margin 5.3% Industry median 9.2% Bottom 66% Comparison sample 262
Cash generation Free cash flow margin 2.0% Industry median 3.8% Bottom 57% Comparison sample 262

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2025 Consolidated Japanese GAAP 121458000000 8010000000 9734000000 6386000000 6386000000 7717000000 128113000000 46766000000 81346000000 68879000000 81346000000 6422000000 -4005000000 -3008000000 2417000000 30010000000 405.55 12.77 5178.8735 83089846434.0000 4566.65 16044000 0.6349550787 0.561 0.0785041674 0.0498466198 0.065948723 0.0801429301 0.0525778458 0.0528742446 0.0198998831 0.0528423571 0.1345609065 0.1947956303 0.2764341395 0.0699979955 0.0651146348 -0.525526413 -0.3781830695 0.3908464966 -0.7726032552 -0.0201456231 0.2816015674 -0.0231416311 0.0266783293 4695
FY2024 Consolidated Japanese GAAP 115362000000 7060000000 8147000000 5003000000 5003000000 5719000000 119732000000 43359000000 76373000000 65019000000 76373000000 13535000000 -2906000000 -4938000000 10629000000 30627000000 316.44 13.15 4161.1860 68343651758.8800 4296.49 16424080 0.6378662346 0.565 0.0655074437 0.0417849865 0.0611986616 0.0706211751 0.0433678334 0.1173263293 0.0921360587 -0.0553854216 -0.1873848987 -0.1854629074 -0.2042309528 0.0146005813 0.0267258184 1.3766461809 -0.2053090004 0.2034199064 2.2366017052 0.2287170023 -0.1933107299 0.0 0.0327461608 4573
FY2023 Consolidated Japanese GAAP 122126000000 8688000000 10002000000 6287000000 6287000000 7831000000 118009000000 43624000000 74385000000 63371000000 74385000000 5695000000 -2411000000 -6199000000 3284000000 24926000000 392.27 12.34 4840.6118 79502595452.1440 4137.76 16424080 0.6303332797 0.558 0.0845197284 0.0532755976 0.0711396427 0.0818990223 0.0514796194 0.0466321668 0.0268902609 0.047213171 -0.0520458265 -0.0467931002 -0.1842480862 0.0292799079 0.0454526289 -0.3847234226 0.637661557 -0.6101298701 0.2621060723 -0.1052159242 -0.1735942866 0.0 0.0455726092 4428
FY2022 Consolidated Japanese GAAP 116620000000 9165000000 10493000000 7707000000 7707000000 8174000000 114652000000 43500000000 71151000000 61220000000 71151000000 9256000000 -6654000000 -3850000000 2602000000 27857000000 474.67 9.39 4457.1513 73204609523.3040 3880.03 16424080 0.6205822838 0.55 0.1083189274 0.0672208073 0.0785885783 0.0899759904 0.0660864346 0.0793688904 0.0223117819 0.1319033291 0.3373704947 0.3864957717 0.5386304652 0.1499237744 0.1145905132 1.8462484625 -2.3776649746 0.1673875433 1.0296411856 -0.0426160773 0.538139987 0.0 0.000945403 4235
FY2021 Consolidated Japanese GAAP 103030000000 6853000000 7568000000 5009000000 5009000000 5448000000 99704000000 35867000000 63836000000 54108000000 63836000000 3252000000 -1970000000 -4624000000 1282000000 29097000000 308.6 14.27 4403.722 72327082425.760 3471.53 16424080 0.6402551553 0.564 0.0784666959 0.0502387066 0.0665146074 0.0734543337 0.0486169077 0.0315636222 0.0124429778 0.1196479026 0.0998234633 -0.0976511267 -0.2941093574 0.0358534279 0.0372922117 -0.6234803751 -1.6301735648 -3.1808318264 -0.837474645 -0.1029964856 -0.2932392818 0.0 0.0237115896 4231
FY2020 Consolidated Japanese GAAP 92020000000 6231000000 8387000000 7096000000 7096000000 8478000000 96253000000 34712000000 61541000000 51589000000 61541000000 8637000000 -749000000 -1106000000 7888000000 32438000000 436.64 10.15 4431.8960 72789814455.6800 3313.34 16424080 0.6393670847 0.56 0.1153052437 0.0737223775 0.0677135405 0.0911432297 0.0771136709 0.0938600304 0.0857204955 0.0221150962 0.214619883 0.4667715985 0.9716587941 0.1381728313 0.1221304451 -0.0101994041 0.7294075145 0.5313559322 0.3239342061 0.2642943446 0.9705749616 0.0 0.030416355 4133
FY2019 Consolidated Japanese GAAP 90029000000 5130000000 5718000000 3599000000 3599000000 3165000000 84568000000 29724000000 54843000000 46107000000 54843000000 8726000000 -2768000000 -2360000000 5958000000 25657000000 221.58 16.18 3585.1644 58883026918.7520 2950.94 16424080 0.6485077098 0.567 0.0656236894 0.0425574685 0.0569816392 0.0635128681 0.0399760077 0.0969243244 0.0661786758 -0.0024487535 0.0336490026 0.0659955257 0.0579071135 0.0759287532 0.0292583139 0.2442606588 0.1153723234 -0.2924424973 0.5339855819 0.1629498686 0.0578630765 0.0237366003 4011
FY2018 Consolidated Japanese GAAP 90250000000 4963000000 5364000000 3402000000 3402000000 4401000000 78600000000 25315000000 53284000000 43985000000 53284000000 7013000000 -3129000000 -1826000000 3884000000 22062000000 209.46 20.91 4379.8086 2859.7 0.677913486 0.591 0.0638465581 0.0432824427 0.0549916898 0.059434903 0.0376952909 0.0777063712 0.0430360111 0.0087631055 -0.1340080265 -0.1428571429 -0.1124445604 0.0389404394 0.0573271158 0.0654816165 0.4171013413 0.1561922366 2.1993410214 0.1028794241 -0.1089841756 0.0197813639 3918
FY2017 Consolidated Japanese GAAP 89466000000 5731000000 6258000000 3833000000 3833000000 5410000000 75654000000 25258000000 50395000000 41906000000 50395000000 6582000000 -5368000000 -2164000000 1214000000 20004000000 235.08 14.1 3314.628 2692.31 0.6661247257 0.578 0.0760591329 0.050664869 0.0640578544 0.0699483603 0.0428430912 0.0735698478 0.0135694007 0.0294808064 0.0429481347 0.0648289944 0.1191240876 0.0540145172 0.0742911959 0.3028503563 -4.3895582329 -0.6209737828 -0.7006903353 -0.0450639679 0.1272116998 0.0269981288 3842
FY2016 Consolidated Japanese GAAP 86904000000 5495000000 5877000000 3425000000 3425000000 3822000000 71777000000 24866000000 46910000000 39885000000 46910000000 5052000000 -996000000 -1335000000 4056000000 20948000000 208.55 15.2 3169.960 2488.48 0.6535519735 0.569 0.0730121509 0.0477172353 0.0632306913 0.0676263463 0.0394113044 0.0581331124 0.04667219 3741

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp