ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Commercial Services

Mitsubishi Research Institute, Inc.

Business Summary

Mitsubishi Research Institute, Inc. engages in the provision of research, consulting, and information technology (IT) solutions services. It operates through the Think Tank and Consulting; and IT Services segments. The Think Tank and Consulting segment offers research, survey analysis, project appraisal, strategic planning, and other organizational development services. The IT Services segment provides IT support and consulting, software development, data processing, system machinery, core system outsourcing, and business process outsourcing services. The company was founded on May 8, 1970 and is headquartered in Tokyo, Japan.

Financial Highlights

Sep 2022 JPYUSD
Gross Profit26,581M213.37M
Operating income9,127M73.26M
Income before tax12,160M97.61M
Net income7,707M61.86M
Diluted EPS474.623.81
Dividends Per Share1401.12
Total Assets114,652M792.09M
Total liabilities43,498M300.51M
Total equity63,052M435.60M
Operating cash flow9,256M74.30M
Currency in JPYCurrency in USD

Historical Data

 Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022
Revenue 90,250M 90,029M 92,020M 103,030M 116,620M
Gross Profit 20,106M 20,696M 22,282M 24,497M 26,581M
Operating income 4,964M 5,131M 6,233M 6,855M 9,127M
Income before tax 5,257M 5,850M 10,952M 7,826M 12,160M
Net income 3,403M 3,600M 7,096M 5,009M 7,707M
EBITDA 8,200M 8,798M 9,581M 10,470M 12,737M
Diluted EPS 209.41 221.54 436.65 308.60 474.62
Dividends Per Share 85 95 135 115 140
Total Assets 78,600M 84,568M 98,130M 101,567M 114,652M
Total liabilities 25,314M 29,722M 36,586M 37,729M 43,498M
Total equity 46,459M 47,941M 53,858M 56,279M 63,052M
Operating cash flow 7,013M 8,726M 8,637M 3,252M 9,256M
 Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022
Revenue 817.01M 818.18M 853.39M 958.14M 936.15M
Gross Profit 182.01M 188.08M 206.64M 227.81M 213.37M
Operating income 44.93M 46.63M 57.80M 63.74M 73.26M
Income before tax 47.59M 53.16M 101.56M 72.77M 97.61M
Net income 30.80M 32.71M 65.80M 46.58M 61.86M
EBITDA 74.23M 79.95M 88.85M 97.36M 102.24M
Diluted EPS 1.89 2.01 4.04 2.86 3.81
Dividends Per Share 0.76 0.86 1.25 1.06 1.12
Total Assets 691.99M 782.49M 929.87M 910.30M 792.09M
Total liabilities 222.86M 275.01M 346.68M 338.14M 300.51M
Total equity 409.02M 443.59M 510.35M 504.40M 435.60M
Operating cash flow 63.48M 79.30M 80.09M 30.24M 74.30M

Valuation Measures

Sep 2022
Operating margin7.82%
Profit margin6.60%

Key executives

  • President, Representative Director & Audit Head: Kenji Yabuta
  • Representative Director, VP & Operations Head: Hidemoto Mizuhara
  • Director, Executive Officer & Corporate Manager: Jun Nobe
  • Executive Officer: Shuji Nakamura
  • Senior Managing Executive Officer: Takehiko Matsushita


  • Mitsubishi UFJ Financial Group, Inc. (6.7%)
  • Mitsubishi Heavy Industries, Ltd. (6.1%)
  • Mitsubishi Corp. (5.9%)
  • Mitsubishi Electric Corp. (5.4%)
  • Mitsubishi Research Employee Stock Ownership Plan (4.7%)
  • Mitsubishi Chemical Group Corp. (3.7%)
  • Mitsubishi Materials Corp. (3.3%)
  • AGC, Inc. (Japan) (2.9%)
  • Mitsubishi Estate Co., Ltd. (2.7%)
  • Tokio Marine Holdings, Inc. (2.4%)

Contact Details

  • Website:
  • Address: 2-10-3 Nagatacho, Chiyoda-Ku, Tokyo, 100-8141, Japan
  • Phone: +81.3.5157.2111

Related Companies

  • Mitsubishi Research Institute Board Incentive Plan
  • NU Intellectual Property Financial Services Co., Ltd.
  • Mitsubishi Research Institute DCS Co., Ltd.
  • Mitsubishi Research Employee Stock Ownership Plan
  • MRI Business, Inc.


    Last Updated on 6 Dec, 2022

    Discover the all new Nikkei Asia app

    • Take your reading anywhere with offline reading functions
    • Never miss a story with breaking news alerts
    • Customize your reading experience

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more