Fuji Nihon Seito Corporation (2114) AI Stock Analysis

Fuji Nihon Seito Corporation

(TSE/TYO:2114)

Select Model

Rating:70Outperform

Price Target:JPY 693.00▲(12.87% Upside)

Action:upgraded

Date:08/04/26

The score is led by solid financial performance (strong profitability and improved recent free cash flow, with low leverage) and supportive valuation (low P/E and decent dividend yield). Offsetting these positives, the 2026 revenue contraction and only neutral technical momentum temper the overall rating.

Positive Factors

Profitability and margin resilienceImproving margins indicate stronger profitability and potential pricing or mix benefits. Continued net income growth despite lower 2026 revenue suggests cost control and earnings resilience that may support results over the next several quarters.

Negative Factors

Sharp 2026 revenue contractionThe abrupt top-line reversal is the clearest fundamental risk, because sustained volume, demand, or mix weakness could eventually pressure margins and earnings. Profit growth has so far offset the decline, but revenue durability remains unproven.

Fuji Nihon Seito Corporation (2114) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 31.50B
Dividend Yield: 3.01%
Average Volume (3M): 19.78K
Price to Earnings (P/E): 9.4
Beta (1Y): 0.28
Revenue Growth: 0.14%
EPS Growth: 27.23%
Country: Japan
Employees: 254
Sector: Consumer Defensive
Sector Strength: 62
Industry: Agricultural - Commodities/Milling

Fuji Nihon Seito Corporation Business Overview & Revenue Model

Company Description

Fuji Nihon Corporation engages in the manufacture and sale of refined sugar and sugar-related products in Japan. It offers refined white, granulated, brown and medium brown, rock, and liquid and liquid brown sugar. The company also provides inulin, a...

How the Company Makes Money

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Fuji Nihon Seito Corporation Financial Statement Overview

Summary

Solid overall fundamentals: profitability improved through 2025 and 2026 still delivered higher net income, balance sheet leverage remains low, and free cash flow strengthened materially in 2025–2026. The main risk is the sharp 2026 revenue decline (~27.5% YoY) and historically uneven cash conversion, which raise sustainability questions.

Income Statement

70Positive

Balance Sheet

74Positive

Cash Flow

66Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	28.66B	28.49B	28.21B	25.89B	22.68B	20.10B
Gross Profit	8.40B	8.13B	7.60B	6.28B	5.28B	4.84B
EBITDA	4.54B	3.72B	3.95B	3.31B	2.27B	2.14B
Net Income	3.35B	3.17B	2.85B	2.37B	1.67B	1.61B
Balance Sheet
Total Assets	38.11B	38.68B	33.86B	32.49B	28.37B	24.85B
Cash, Cash Equivalents and Short-Term Investments	6.14B	8.24B	6.64B	5.27B	4.88B	3.80B
Total Debt	4.62B	4.93B	4.82B	3.10B	2.23B	1.57B
Total Liabilities	10.27B	10.78B	9.98B	8.64B	6.85B	5.13B
Stockholders Equity	27.80B	27.86B	23.83B	23.83B	21.45B	19.76B
Cash Flow
Free Cash Flow	0	2.19B	3.02B	621.73M	305.24M	292.81M
Operating Cash Flow	0	3.15B	3.32B	942.53M	579.56M	555.07M
Investing Cash Flow	0	-1.71B	-1.49B	-517.20M	-169.59M	-476.15M
Financing Cash Flow	0	-931.00M	-436.55M	-69.94M	633.64M	-275.28M

Fuji Nihon Seito Corporation Technical Analysis

Technical Analysis SentimentNegative

Last Price614.00

Price Trends

50DMA645.25Negative

100DMA631.78Negative

200DMA625.85Negative

Market Momentum

MACD-8.98Positive

RSI29.47Positive

STOCH6.67Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2114, the sentiment is Negative. The current price of 614.00 is below the 20-day moving average (MA) of 624.10, below the 50-day MA of 645.25, and below the 200-day MA of 625.85, indicating a bearish trend. The MACD of -8.98 indicates Positive momentum. The RSI at 29.47 is Positive, neither overbought nor oversold. The STOCH value of 6.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2114.

Fuji Nihon Seito Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

JP:2114 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:2208	84Outperform	JPY 73.03B	11.61	―	1.45%	5.66%	24.88%
JP:2112	79Outperform	JPY 12.31B	4.37	―	3.74%	-0.50%	33.06%
JP:2114	70Outperform	JPY 31.54B	9.38	―	3.01%	0.14%	27.23%
JP:2108	67Neutral	JPY 63.61B	12.45	―	3.04%	0.16%	―
JP:2109	65Neutral	JPY 111.77B	26.19	―	3.78%	-2.45%	-36.85%
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
JP:2211	48Neutral	JPY 63.23B	53.58	―	1.22%	5.76%	-38.25%

* Consumer Defensive Sector Average

Performance Comparison

JP:2114 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:2114	Fuji Nihon Seito Corporation	614.00	103.27	20.22%
JP:2108	Nippon Beet Sugar Manufacturing Co., Ltd.	1757.00	796.84	82.99%
JP:2109	Mitsui DM Sugar Holdings Co.Ltd	3575.00	650.33	22.24%
JP:2112	Ensuiko Sugar Refining Co., Ltd.	452.00	-24.13	-5.07%
JP:2208	Bourbon Corporation	3040.00	645.27	26.95%
JP:2211	Fujiya Co., Ltd.	2453.00	-92.94	-3.65%

Fuji Nihon Seito Corporation Corporate Events

Fuji Nihon Seito Lifts Q1 Profit but Keeps Weaker Full-Year Outlook

Aug 7, 2026

Fuji Nihon Seito Corporation reported a solid start to its fiscal year, with net sales for the three months to June 30, 2026 rising 2.3% year on year to ¥7.27 billion and operating profit surging 30.2% to ¥984 million. Ordinary profit climb...

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.

Date of analysis: Aug 04, 2026

Fuji Nihon Seito Corporation AI Stock Analysis