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Nippon Beet Sugar Manufacturing Co., Ltd. ( (JP:2108) ) has shared an update.
Nippon Beet Sugar Manufacturing has decided to sell part of its cross-shareholdings, in line with Japan’s Corporate Governance Code, and expects an estimated ¥5.37 billion gain on the sale of two listed securities. This move is aimed at improving asset efficiency while maintaining its core sugar business.
Reflecting cost reductions and the anticipated extraordinary gain, the company sharply raised its full-year profit forecast for the year ending March 31, 2026, with profit attributable to owners projected to jump to ¥4.7 billion and earnings per share to ¥382.19. It also doubled its year-end dividend forecast to ¥160 per share by adding an ¥80 special dividend, signaling a stronger return to shareholders and a more shareholder-friendly capital policy.
The most recent analyst rating on (JP:2108) stock is a Buy with a Yen4663.00 price target. To see the full list of analyst forecasts on Nippon Beet Sugar Manufacturing Co., Ltd. stock, see the JP:2108 Stock Forecast page.
More about Nippon Beet Sugar Manufacturing Co., Ltd.
Nippon Beet Sugar Manufacturing Co., Ltd. is a Japanese food manufacturer specializing in sugar and related products, with its shares listed on the Tokyo Stock Exchange Prime Market. The company’s operations are tied to the domestic beet sugar industry and broader food sector, where it focuses on stable earnings and efficient capital use.
Average Trading Volume: 35,742
Technical Sentiment Signal: Buy
Current Market Cap: Yen50.05B
For detailed information about 2108 stock, go to TipRanks’ Stock Analysis page.