Nippon Beet Sugar Manufacturing Co., Ltd. (JP:2108)
:2108
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Nippon Beet Sugar Manufacturing Co., Ltd.
(2108)
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Rating:73Outperform
Price Target:
¥4,716.00
▲(23.13% Upside)
Action:Upgraded
Date:05/15/26
The score is primarily driven by a strengthened balance sheet and supportive valuation (low P/E and solid dividend yield). Technicals are constructive with price above major moving averages and positive MACD, but the rating is held back by weaker operating-margin quality and uneven cash-flow consistency.
Positive Factors
Balance-sheet strength
The company sharply reduced leverage by FY2026, leaving a large equity cushion and much lower debt ratios. This durable financial flexibility reduces refinancing and interest risk, supports dividend and capex commitments, and helps absorb commodity or crop shocks over months.
Negative Factors
Weak operating-margin quality
An EBIT margin near zero in FY2026 indicates underlying operating-leverage or cost issues beneath gross profit. Persistent weak operating margins constrain the company’s ability to fund capex, weather input-price swings, and sustain operating investment, risking longer-term profitability even if net margin rebounds.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
The company sharply reduced leverage by FY2026, leaving a large equity cushion and much lower debt ratios. This durable financial flexibility reduces refinancing and interest risk, supports dividend and capex commitments, and helps absorb commodity or crop shocks over months.
Read all positive factors
Nippon Beet Sugar Manufacturing Co., Ltd. (2108) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥50.36B
Dividend Yield2.12%
Average Volume (3M)34.42K
Price to Earnings (P/E)10.0
Beta (1Y)0.64
Revenue Growth6.02%
EPS Growth101.02%
CountryJP
Employees774
SectorConsumer Defensive
Sector Strength42
IndustryFood Confectioners
Share Statistics
EPS (TTM)-236.50
Shares Outstanding12,487,589
10 Day Avg. Volume49,190
30 Day Avg. Volume34,420
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. 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
The company primarily makes money by manufacturing and selling sugar made from sugar beets, generating revenue from (1) sales of sugar to food and beverage manufacturers, wholesalers, and other commercial customers, and (2) sales of related sugar-...
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 | 67.05B | 68.70B | 64.80B | 69.30B | 65.01B | 58.49B |
| Gross Profit | 13.14B | 13.94B | 13.04B | 13.61B | 14.97B | 15.12B |
| EBITDA | 2.58B | 2.36B | 3.05B | 3.54B | 3.89B | 4.64B |
| Net Income | -2.94B | 5.03B | 2.70B | 1.81B | 1.26B | 1.98B |
Balance Sheet | ||||||
| Total Assets | 98.03B | 97.70B | 101.22B | 103.02B | 103.15B | 100.46B |
| Cash, Cash Equivalents and Short-Term Investments | 10.78B | 8.05B | 8.36B | 12.85B | 10.59B | 12.16B |
| Total Debt | 4.53B | 1.51B | 9.06B | 10.96B | 18.78B | 14.91B |
| Total Liabilities | 24.90B | 20.18B | 27.38B | 30.48B | 35.01B | 32.54B |
| Stockholders Equity | 73.13B | 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
4080.67
Positive
4014.10
Positive
3440.28
Positive
Market Momentum
49.03
Negative
54.59
Neutral
51.11
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 4091.50, below the 50-day MA of 4080.67, and above the 200-day MA of 3440.28, indicating a bullish trend. The MACD of 49.03 indicates Negative momentum. The RSI at 54.59 is Neutral, neither overbought nor oversold. The STOCH value of 51.11 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥50.36B | 9.98 | ― | 2.12% | 6.02% | 101.02% | |
73 Outperform | ¥69.31B | 7.81 | ― | 1.55% | 6.02% | 5.87% | |
71 Outperform | ¥12.22B | 6.44 | ― | 1.91% | 1.42% | 29.11% | |
69 Neutral | ¥31.64B | 10.29 | ― | 2.84% | 1.00% | 15.35% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ¥102.70B | -8.07 | ― | 3.97% | 0.74% | -35.11% | |
49 Neutral | ¥60.11B | 513.85 | ― | 1.14% | 9.13% | -21.27% |
* Consumer Defensive Sector Average
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Nippon Beet Sugar Manufacturing Co., Ltd. Corporate Events
Nippon Beet Sugar Completes Share Buyback and Plans Full Cancellation
May 14, 2026
Nippon Beet Sugar Manufacturing has completed a share buyback of 322,500 common shares for about 1.43 billion yen via the Tokyo Stock Exchange’s ToSTNeT-3 system, in line with a board resolution passed on May 13, 2026. The company will cance...
Nippon Beet Sugar Plans ¥1.46 Billion Share Buyback and Cancellation
May 13, 2026
Nippon Beet Sugar Manufacturing will repurchase up to 330,000 of its common shares, equal to 2.73% of shares outstanding excluding treasury stock, via the Tokyo Stock Exchange’s ToSTNeT-3 off-auction system at the May 13 closing price of ...
Nippon Beet Sugar to Rebrand as Nitten and Tighten Board Terms
May 13, 2026
Nippon Beet Sugar Manufacturing plans to change its corporate name to Nitten Co., Ltd., reflecting a refreshed corporate identity while maintaining its existing business focus in the sugar and food sector. The name change, subject to shareholder a...
Nippon Beet Sugar Beats Profit Forecasts Despite Pressure From Lower Sugar Prices
May 13, 2026
Nippon Beet Sugar Manufacturing reported full-year consolidated results for the year ended March 31, 2026 that were broadly in line with its net sales forecast but beat profit expectations. Operating profit, ordinary profit and profit attributable...
Nippon Beet Sugar Lifts Dividend as Profit Surges on One-Off Gains Despite Weak Operating Margin
May 13, 2026
Nippon Beet Sugar Manufacturing reported a 6.0% rise in net sales to ¥68.7 billion for the fiscal year ended March 31, 2026, but operating profit plunged 90.2% to ¥52 million and ordinary profit fell 32.5% to ¥758 million. Despite w...
Nippon Beet Sugar Shifts to DOE-Based Dividend Policy to Boost Capital Efficiency
May 13, 2026
Nippon Beet Sugar Manufacturing has approved a change in its dividend policy as part of its Second Medium-Term Management Plan, shifting its focus toward improving profitability and capital efficiency. The company is targeting a return on equity o...
Nippon Beet Sugar Overhauls Board and Executive Lineup Ahead of June Shareholders’ Meeting
Apr 22, 2026
Nippon Beet Sugar Manufacturing announced a broad reshuffle of its board and executive team, with the board resolving on April 22, 2026 to implement director and officer changes subject to shareholder approval at the June 26, 2026 annual meeting. ...
Nippon Beet Sugar to Rebrand as Nitten, Signaling Shift to Broader Sugar Beet Industry
Apr 22, 2026
Nippon Beet Sugar Manufacturing Co., Ltd. will change its trade name to Nitten Co., Ltd., following a board resolution on April 22, 2026, with the change scheduled for October 1, 2026, pending shareholder approval of amendments to its Articles of ...
Nippon Beet Sugar Revises Director Roles to Reshape Agricultural Equipment Oversight
Mar 18, 2026
Nippon Beet Sugar Manufacturing has announced a reshuffle of its director responsibilities following a board resolution on March 18, 2026, reflecting an internal realignment of management roles. Director and Senior Managing Executive Officer Kunik...
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.