Nippon Beet Sugar Manufacturing Co., Ltd. (JP:2108)
:2108
Top Page
Nippon Beet Sugar Manufacturing Co., Ltd.
(2108)
Select Model
Select Model
Rating:65Neutral
Price Target:
¥4,859.00
▲(26.87% Upside)
Action:ReiteratedDate:03/01/26
The score is primarily driven by mixed financial performance—balance sheet strength is offset by weakening profitability trends and volatile/negative free cash flow. Technicals add support due to a clear uptrend and positive momentum, while valuation is a headwind because the negative P/E reduces confidence in earnings-based attractiveness despite a modest dividend yield.
Positive Factors
Stable core beet-sugar business
Nippon Beet Sugar's core activity—manufacture and sale of beet sugar and related products—provides a durable revenue base tied to food and beverage industry demand. Established downstream channels and by-product sales support predictable volumes and long-term customer relationships.
Negative Factors
Volatile operating and free cash flow
Significant fluctuations in operating cash flow and recent negative free cash flow weaken the firm's ability to self-fund maintenance and growth capex. Persistently volatile cash conversion hampers dividend reliability, constrains reinvestment, and increases dependence on external financing during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable core beet-sugar business
Nippon Beet Sugar's core activity—manufacture and sale of beet sugar and related products—provides a durable revenue base tied to food and beverage industry demand. Established downstream channels and by-product sales support predictable volumes and long-term customer relationships.
Read all positive factors
Nippon Beet Sugar Manufacturing Co., Ltd. (2108) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥50.47B
Dividend Yield2.12%
Average Volume (3M)34.42K
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue Growth3.82%
EPS Growth-131.02%
CountryJP
Employees774
SectorConsumer Defensive
Sector Strength42
IndustryFood Confectioners
Share Statistics
EPS (TTM)-48.64
Shares Outstanding12,810,089
10 Day Avg. Volume49,190
30 Day Avg. Volume34,420
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)0.39
Price to Sales (P/S)0.44
P/FCF Ratio-3.20
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. manufactures and sells functional products in Japan. The company offers beet sugar, refined sugar, sugar beet molasses, molasses, and liquid sweetener; raw, dry, instant dry, and medicinal yeast; oligosacch...
How the Company Makes Money
Nippon Beet Sugar Manufacturing Co., Ltd. generates revenue primarily through the sale of refined sugar products, which are supplied to a diverse customer base, including food manufacturers, retailers, and wholesalers. The company benefits from ec...
Nippon Beet Sugar Manufacturing Co., Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 67.05B | 64.80B | 69.30B | 65.01B | 58.49B | 54.79B |
| Gross Profit | 13.14B | 13.04B | 13.61B | 14.97B | 15.12B | 16.22B |
| EBITDA | 2.58B | 3.05B | 3.54B | 3.89B | 4.64B | 4.26B |
| Net Income | -2.94B | 2.70B | 1.81B | 1.26B | 1.98B | 1.64B |
Balance Sheet | ||||||
| Total Assets | 98.03B | 101.22B | 103.02B | 103.15B | 100.46B | 97.39B |
| Cash, Cash Equivalents and Short-Term Investments | 10.78B | 8.36B | 12.85B | 10.59B | 12.16B | 7.38B |
| Total Debt | 4.53B | 9.06B | 10.96B | 18.78B | 14.91B | 11.92B |
| Total Liabilities | 24.90B | 27.38B | 30.48B | 35.01B | 32.54B | 28.93B |
| Stockholders Equity | 73.13B | 73.83B | 72.53B | 68.13B | 67.92B | 68.46B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -8.96B | 8.92B | -4.50B | 477.00M | -2.81B |
| Operating Cash Flow | 0.00 | -3.09B | 13.04B | -1.82B | 2.58B | -181.00M |
| Investing Cash Flow | 0.00 | 2.21B | -1.31B | -1.70B | 489.00M | -2.74B |
| Financing Cash Flow | 0.00 | -3.60B | -9.46B | 2.97B | 1.38B | -1.12B |
Nippon Beet Sugar Manufacturing Co., Ltd. Technical Analysis
Positive
3830.00
Price Trends
4097.42
Positive
3829.72
Positive
3197.86
Positive
Market Momentum
30.30
Negative
53.98
Neutral
53.81
Neutral
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 below the 20-day moving average (MA) of 4094.98, below the 50-day MA of 4097.42, and above the 200-day MA of 3197.86, indicating a bullish trend. The MACD of 30.30 indicates Negative momentum. The RSI at 53.98 is Neutral, neither overbought nor oversold. The STOCH value of 53.81 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥14.73B | 5.17 | ― | 1.91% | 2.73% | 59.02% | |
72 Outperform | ¥77.72B | 6.88 | ― | 1.55% | 5.78% | 14.23% | |
71 Outperform | ¥32.83B | 7.15 | ― | 2.84% | 6.64% | 10.48% | |
68 Neutral | ¥110.68B | 10.22 | ― | 3.97% | 3.69% | -27.70% | |
65 Neutral | ¥50.47B | -19.07 | ― | 2.12% | 3.82% | -131.02% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
49 Neutral | ¥64.67B | 32.06 | ― | 1.14% | 8.17% | 10.65% |
* Consumer Defensive Sector Average
JP:2108
Nippon Beet Sugar Manufacturing Co., Ltd.
4,175.00
2,129.48
104.11%
JP:2109
Mitsui DM Sugar Holdings Co.Ltd
3,540.00
480.37
15.70%
JP:2112
Ensuiko Sugar Refining Co., Ltd.
541.00
252.97
87.83%
JP:2114
Fuji Nihon Seito Corporation
639.00
145.84
29.57%
JP:2208
Bourbon Corporation
3,235.00
761.39
30.78%
JP:2211
Fujiya Co., Ltd.
2,509.00
149.93
6.36%
Nippon Beet Sugar Manufacturing Co., Ltd. Corporate Events
Nippon Beet Sugar Adds Long-Term Incentives to Shareholder Benefit Program
Feb 13, 2026
Nippon Beet Sugar Manufacturing Co. is expanding its shareholder benefit program by introducing a new scheme targeting long-term investors from the March 2026 record date. Shareholders holding at least 100 shares continuously for five years or mor...
Nippon Beet Sugar Lifts Dividend Forecast Despite Ongoing Operating Losses
Feb 13, 2026
Nippon Beet Sugar Manufacturing reported consolidated net sales of ¥51.25 billion for the nine months ended December 31, 2025, up 9.9% year on year, but remained in an operating loss of ¥1.18 billion and an ordinary loss of ¥439 mil...
Nippon Beet Sugar Hikes Profit Outlook and Doubles Dividend on Share Sale Gain
Feb 13, 2026
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...
Be Brave Inc. Emerges as Largest Shareholder in Nippon Beet Sugar
Feb 5, 2026
Nippon Beet Sugar Manufacturing Co., Ltd. announced that investment firm Be Brave Inc., acting as managing partner of the ESG Investment Partnership, has become both a major shareholder and the company’s largest shareholder as of January 28,...
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.