WELLNEO SUGAR Co.Ltd. (2117) AI Stock Analysis

1 Followers

WELLNEO SUGAR Co.Ltd.

(TSE/TYO:2117)

Select Model

Rating:73Outperform

Price Target:JPY 3,121.00▲(11.11% Upside)

Action:upgraded

Date:11/13/26

The company's financial health is the primary strength, driven by a very strong balance sheet and high-quality cash flows. An attractive valuation with a low P/E and high dividend yield further supports the score. The main limiting factors are the recent top-line contraction and neutral technical momentum, which temper the overall outlook.

Positive Factors

Improved ProfitabilityImproved profitability across gross, operating, and net levels indicates stronger earnings capacity in the core sugar and agribusiness business. Healthy margins provide room to absorb input or market pressures, support reinvestment, and sustain earnings over the next several quarters.

Negative Factors

Revenue DeclineThe recent TTM revenue contraction shows that top-line momentum has weakened despite improved margins. If sustained, lower sales could limit operating leverage, reduce the base for future earnings growth, and make it harder to maintain profitability without continued efficiency or favorable product mix.

WELLNEO SUGAR Co.Ltd. (2117) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 92.00B
Dividend Yield: 4.45%
Average Volume (3M): 26.66K
Price to Earnings (P/E): 12.7
Beta (1Y): 0.40
Revenue Growth: 4.35%
EPS Growth: 27.32%
Country: Japan
Employees: 755
Sector: Consumer Defensive
Sector Strength: 62
Industry: Agricultural - Commodities/Milling

WELLNEO SUGAR Co.Ltd. Business Overview & Revenue Model

Company Description

Established in 1944 and headquartered in Tokyo, Japan, Nissin Sugar Co., Ltd. is primarily involved in the production and distribution of various sugar and other food items, mainly within its home country. Its comprehensive sugar range encompasses wh...

WELLNEO SUGAR Co.Ltd. Financial Statement Overview

Summary

Strong profitability with expanding margins and a fortress balance sheet, offset by a recent revenue decline and slowing cash flow growth.

Income Statement

78Positive

Balance Sheet

85Very Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	111.25B	112.90B	97.07B	92.19B	58.35B	46.06B
Gross Profit	24.70B	23.78B	19.14B	15.88B	8.90B	7.84B
EBITDA	14.12B	13.45B	10.86B	8.14B	3.57B	3.67B
Net Income	7.23B	6.47B	5.57B	5.52B	1.06B	1.72B
Balance Sheet
Total Assets	107.28B	105.83B	110.35B	95.92B	93.57B	61.13B
Cash, Cash Equivalents and Short-Term Investments	9.01B	10.46B	15.45B	12.51B	11.26B	7.65B
Total Debt	11.68B	11.40B	17.76B	10.52B	12.61B	5.15B
Total Liabilities	27.18B	28.63B	35.99B	24.81B	25.30B	12.22B
Stockholders Equity	80.10B	77.20B	72.89B	71.11B	68.26B	48.90B
Cash Flow
Free Cash Flow	13.01B	10.72B	6.07B	4.87B	-2.21B	1.42B
Operating Cash Flow	10.42B	10.76B	8.93B	6.66B	-1.63B	2.18B
Investing Cash Flow	-3.31B	-6.10B	-8.98B	-822.00M	4.61B	-651.00M
Financing Cash Flow	-9.43B	-9.64B	2.99B	-4.59B	-3.68B	-2.40B

WELLNEO SUGAR Co.Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price2809.00

Price Trends

50DMA2765.40Positive

100DMA2718.06Positive

200DMA2712.67Positive

Market Momentum

MACD4.19Negative

RSI55.45Neutral

STOCH58.34Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2117, the sentiment is Positive. The current price of 2809.00 is above the 20-day moving average (MA) of 2771.65, above the 50-day MA of 2765.40, and above the 200-day MA of 2712.67, indicating a bullish trend. The MACD of 4.19 indicates Negative momentum. The RSI at 55.45 is Neutral, neither overbought nor oversold. The STOCH value of 58.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2117.

WELLNEO SUGAR Co.Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

JP:2117 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:2114	85Outperform	JPY 32.06B	9.85	―	2.96%	0.24%	21.60%
JP:2112	79Outperform	JPY 12.06B	5.03	―	6.32%	-0.34%	-6.86%
JP:2117	73Outperform	JPY 90.51B	12.72	―	4.45%	4.35%	27.32%
JP:2108	67Neutral	JPY 65.13B	7.78	―	2.96%	-2.69%	―
JP:2109	65Neutral	JPY 113.33B	32.39	―	3.72%	-2.45%	-36.85%
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

* Consumer Defensive Sector Average

Performance Comparison

JP:2117 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:2117	WELLNEO SUGAR Co.Ltd.	2809.00	205.22	7.88%
JP:2108	Nippon Beet Sugar Manufacturing Co., Ltd.	1799.00	747.67	71.12%
JP:2109	Mitsui DM Sugar Holdings Co.Ltd	3625.00	522.06	16.82%
JP:2112	Ensuiko Sugar Refining Co., Ltd.	443.00	-48.28	-9.83%
JP:2114	Fuji Nihon Seito Corporation	624.00	110.36	21.48%

WELLNEO SUGAR Co.Ltd. Corporate Events

WELLNEO SUGAR Determines ¥60 Interim Dividend

Nov 10, 2026

WELLNEO SUGAR Co., Ltd. is listed on the Tokyo Stock Exchange Prime Market under code 2117. The release does not provide information on the company’s industry, products or services.The company’s board determined an interim dividend of ¥60 per share f...

WELLNEO SUGAR Reports Interim Revenue Down 2.9%, Profit Attributable Up 21.3%

Nov 10, 2026

For the six months ended September 30, 2026, WELLNEO SUGAR reported revenue of ¥56,123 million, down 2.9% year on year, while operating profit rose 19.1% to ¥6,180 million. Profit attributable to owners of the parent increased 21.3% to ¥4,334 million...

WELLNEO SUGAR completes ¥27.8m share buyback on TSE

Oct 5, 2026

WELLNEO SUGAR Co., Ltd. has completed a share buyback authorized by its board on September 29, 2026, acquiring 9,900 common shares on the Tokyo Stock Exchange between October 1 and 2 for a total of ¥27.8 million. The repurchased shares represent abou...

WELLNEO Sugar to Buy Back Shares for Employee Stock Plan Ahead of Merger

Sep 29, 2026

WELLNEO SUGAR Co., Ltd. has approved the acquisition of up to 9,900 common shares as treasury stock via market purchases on the Tokyo Stock Exchange from October 1 to 14, 2026. The buyback, capped at 31 million yen, represents around 0.03 percent of...

WELLNEO SUGAR To Dispose Treasury Shares for Employee Stock Ownership Plan

Sep 29, 2026

WELLNEO SUGAR Co., Ltd. has approved the disposal of up to 12,000 treasury shares via a third-party allotment to its Employee Stock Ownership Association at a price of 2,859 yen per share, for a maximum total of about 34.3 million yen. The shares wil...

WELLNEO SUGAR to Divest Stake in Tsuruya Chemical Industries

Aug 25, 2026

WELLNEO SUGAR Co., Ltd. has decided to transfer all of its shares in equity-method affiliate Tsuruya Chemical Industries Co., Ltd. back to Tsuruya Chemical Industries. The move follows a review of group achievements and changes in the business enviro...

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: Nov 13, 2026

WELLNEO SUGAR Co.Ltd. AI Stock Analysis