MTI (TSE:9438) Construction In Progress: 円248 Mil (As of Mar. 2026)


TSE:9438 MTI Ltd TSE:9438
71 GF Score
Price 円558.00
GF Value 円847.69
Valuation Significantly Undervalued
! 1 Warning Sign
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What is MTI Construction In Progress?

MTI TSE:9438 -0.18% 71 Construction In Progress is 円248 Mil as of Mar. 2026. GuruFocus rates TSE:9438 with a GF Score™ of 71/100 and a GF Value™ of 円847.69 (Significantly Undervalued). The stock has 1 warning sign investors should review.

MTI's quarterly construction in progress increased from Sep. 2025 (円281 Mil) to Dec. 2025 (円294 Mil) but then declined from Dec. 2025 (円294 Mil) to Mar. 2026 (円248 Mil).

MTI's annual construction in progress declined from Sep. 2023 (円305 Mil) to Sep. 2024 (円293 Mil) and declined from Sep. 2024 (円293 Mil) to Sep. 2025 (円281 Mil).

MTI Construction In Progress Historical Data

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The historical data trend for MTI's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MTI Construction In Progress Chart

MTI Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 318.76 337.48 305.27 293.21 280.56

MTI Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 290.20 289.83 280.56 293.64 248.19
TSE:9438
71GF Score
MTI Ltd TSE:9438
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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MTI Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of 円248 Mil mean?
MTI (TSE:9438) has a Construction In Progress of 円248 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on MTI and its competitors.
Is MTI's Construction In Progress too high?
MTI's current Construction In Progress is 円248 Mil. Overall, MTI has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MTI's Construction In Progress compare to VEEV and BTSG?
MTI's Construction In Progress of 円248 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Healthcare Providers & Services company?
A good Construction In Progress depends on the Healthcare Providers & Services industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on MTI and its competitors. MTI's current Construction In Progress is 円248 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTI stock overvalued right now?
Based on GuruFocus' analysis, MTI (TSE:9438) is currently considered Significantly Undervalued. The stock's GF Value™ is 円847.69, compared to a current price of 円558.00 — trading 34.2% below its estimated fair value. The current Construction In Progress is 円248 Mil. MTI's overall GF Score™ is 71/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For MTI (TSE:9438), the current Construction In Progress is 円248 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MTI (TSE:9438) Overvalued in 2026?

Based on GuruFocus' analysis, MTI stock appears to be undervalued. The current stock price of 円558.00 is trading 34.2% below its estimated GF Value™ of 円847.69. GuruFocus considers MTI to be Significantly Undervalued.

Key valuation signals for TSE:9438:

  • Construction In Progress: 円248 Mil
  • GF Value™: 円847.69 vs. price of 円558.00 (34.2% below fair value)
  • GF Score™: 71/100 with 1 warning sign

No single metric tells the full story. See the TSE:9438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MTI Business Description

Address 35th Floor, Tokyo Opera City Tower 3-20-2, Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-1435
MTI Ltd is engaged in the content distribution business for mobile phones in Japan. The company provides health care services through Lunaruna app, Lunaruna baby, and Lunaruna medicine notebook. It is involved in providing music/video services, electronic book services, life information services, and entertainment services.
71GF Score

Get the complete analysis for TSE:9438

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円558.00
Price
円847.69
GF Value