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Nippon Beet Sugar Manufacturing Co., Ltd.
(2108)
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Rating:70Outperform
Price Target:
¥1,946.00
▼(-49.19% Downside)
Action:Reiterated
Date:09/30/26
The score is driven primarily by a notably strengthened balance sheet and reasonable valuation (P/E ~12.5 with ~3.0% dividend yield). These positives are moderated by mixed operating quality (FY2026 EBIT margin near breakeven despite stronger net margin) and uneven cash-flow reliability, while technical signals are neutral with negative MACD limiting near-term momentum.
Positive Factors
Strengthened balance sheet
Sharp deleveraging materially improves financial resilience and gives the company greater flexibility to fund operations, manage volatility, and pursue investment. The substantial equity cushion also reduces balance-sheet risk, although moderate returns mean capital must still be used efficiently.
Negative Factors
Operating profitability near breakeven
Near-breakeven operating profitability indicates that core operations are currently converting gross profit into limited operating earnings. This weakens earnings quality and makes sustainable profits more dependent on factors below EBIT, while leaving less margin to absorb cost increases or weaker selling conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthened balance sheet
Sharp deleveraging materially improves financial resilience and gives the company greater flexibility to fund operations, manage volatility, and pursue investment. The substantial equity cushion also reduces balance-sheet risk, although moderate returns mean capital must still be used efficiently.
Read all positive factors
Nippon Beet Sugar Manufacturing Co., Ltd. (2108) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥64.04B
Dividend Yield3.01%
Average Volume (3M)112.03K
Price to Earnings (P/E)12.7
Beta (1Y)0.57
Revenue Growth0.16%
EPS GrowthN/A
CountryJP
Employees771
SectorConsumer Defensive
Sector Strength42
IndustryFood Confectioners
Share Statistics
EPS (TTM)423.52
Shares Outstanding36,922,768
10 Day Avg. Volume83,370
30 Day Avg. Volume112,030
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.65
Price to Sales (P/S)0.73
P/FCF Ratio39.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nippon Beet Sugar Manufacturing Co., Ltd. Business Overview & Revenue Model
Company Description
Nippon Beet Sugar Manufacturing Co., Ltd. operates as a Japanese enterprise engaged in the development and distribution of a diverse range of functional products. Its primary offerings include various sugar and sweetening agents, such as beet suga...
How the Company Makes Money
The company primarily makes money by manufacturing and selling sugar and related beet-derived products. Its main revenue stream is the sale of sugar (as an ingredient) to industrial and commercial customers, where revenue is generated based on shi...
Nippon Beet Sugar Manufacturing Co., Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
86
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 67.15B | 68.70B | 64.80B | 69.30B | 65.01B | 58.49B |
| Gross Profit | 14.22B | 13.94B | 13.04B | 13.61B | 14.97B | 15.12B |
| EBITDA | 2.69B | 2.36B | 3.05B | 3.54B | 3.89B | 4.64B |
| Net Income | 5.20B | 5.03B | 2.70B | 1.81B | 1.26B | 1.98B |
Balance Sheet | ||||||
| Total Assets | 94.38B | 97.70B | 101.22B | 103.02B | 103.15B | 100.46B |
| Cash, Cash Equivalents and Short-Term Investments | 5.32B | 8.05B | 8.36B | 12.85B | 10.59B | 12.16B |
| Total Debt | 4.00M | 1.51B | 9.06B | 10.96B | 18.78B | 14.91B |
| Total Liabilities | 18.16B | 20.18B | 27.38B | 30.48B | 35.01B | 32.54B |
| Stockholders Equity | 76.22B | 77.52B | 73.83B | 72.53B | 68.13B | 67.92B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.26B | -8.96B | 8.92B | -4.50B | 477.00M |
| Operating Cash Flow | 0.00 | 4.27B | -3.09B | 13.04B | -1.82B | 2.58B |
| Investing Cash Flow | 0.00 | 1.45B | 2.21B | -1.31B | -1.70B | 489.00M |
| Financing Cash Flow | 0.00 | -9.53B | -3.60B | -9.46B | 2.97B | 1.38B |
Nippon Beet Sugar Manufacturing Co., Ltd. Technical Analysis
Positive
3830.00
Price Trends
1752.99
Positive
1620.98
Positive
1467.08
Positive
Market Momentum
-1.17
Negative
59.14
Neutral
83.40
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2108, the sentiment is Positive. The current price of 3830 is above the 20-day moving average (MA) of 1766.65, above the 50-day MA of 1752.99, and above the 200-day MA of 1467.08, indicating a bullish trend. The MACD of -1.17 indicates Negative momentum. The RSI at 59.14 is Neutral, neither overbought nor oversold. The STOCH value of 83.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2108.
Nippon Beet Sugar Manufacturing Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥72.43B | 11.49 | ― | 1.46% | 5.66% | 24.88% | |
79 Outperform | ¥12.25B | 4.37 | ― | 6.18% | -0.50% | 33.06% | |
73 Outperform | ¥33.19B | 9.75 | ― | 2.98% | 0.14% | 27.23% | |
70 Outperform | ¥64.04B | 12.70 | ― | 4.97% | 0.16% | ― | |
63 Neutral | ¥118.96B | 27.91 | ― | 3.63% | -1.23% | -28.57% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
48 Neutral | ¥64.39B | 57.21 | ― | 1.20% | 7.75% | -32.47% |
* Consumer Defensive Sector Average
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Nippon Beet Sugar Manufacturing Co., Ltd. Corporate Events
Nippon Beet Sugar Adjusts Stock Split Figures After Treasury Share Cancellation
Aug 24, 2026
Nippon Beet Sugar Manufacturing Co., Ltd. has announced changes to the number of shares to be increased through its planned stock split, following the decision to cancel a portion of its treasury shares. The revised figures, calculated as of Augus...
Nippon Beet Sugar Completes ¥1.0 Billion Share Buyback and Plans Cancellation
Aug 24, 2026
Nippon Beet Sugar Manufacturing Co., Ltd. has completed a share buyback program, acquiring 180,000 common shares for 1,045.8 million yen via the Tokyo Stock Exchange’s off-auction own share repurchase system ToSTNeT-3 on August 24, 2026. The...
Nippon Beet Sugar to Buy Back and Cancel Up to 1.53% of Shares
Aug 21, 2026
Nippon Beet Sugar Manufacturing Co., Ltd. has approved a new share buyback and subsequent cancellation aimed at improving capital efficiency and allowing more flexible capital policies amid a changing business environment. The move underscores man...
Nippon Beet Sugar Announces Three-for-One Stock Split and Shareholder Measure Overhaul
Aug 21, 2026
Nippon Beet Sugar Manufacturing Co., Ltd. has approved a three-for-one stock split of its common shares, effective October 1, 2026, aimed at improving liquidity and lowering the minimum investment amount for investors. Based on current shares outs...
Nippon Beet Sugar Completes Treasury Share Disposal for Director Restricted Stock Pay
Aug 10, 2026
Nippon Beet Sugar Manufacturing has completed the payment process for the disposal of 3,000 shares of its treasury stock, issued as restricted stock compensation to five internal directors. The shares, priced at 4,695 yen each for a total of 14.08...
Nippon Beet Sugar Boosts Profits Despite Lower Sales and Hikes Dividend Forecast
Aug 10, 2026
Nippon Beet Sugar Manufacturing reported consolidated net sales of ¥15.6 billion for the three months ended June 30, 2026, down 9.0% year on year, but turned to an operating profit of ¥243 million from a loss and nearly doubled profit at...
Nippon Beet Sugar Boosts Profit Outlook on Sale of Investment Securities
Aug 10, 2026
Nippon Beet Sugar Manufacturing has decided to sell portions of six listed investment securities as part of its policy to reduce cross-shareholdings and improve asset efficiency under its Second Medium-Term Plan. The sale is expected to generate a...
Nippon Beet Sugar Uses Treasury Shares for Director Restricted Stock Plan
Jul 17, 2026
Nippon Beet Sugar Manufacturing Co., Ltd. has approved the disposal of 3,000 treasury shares as restricted stock compensation for five internal directors, valued at a total of ¥14.09 million. The move forms part of an existing share-based com...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.