Mitsui DM Sugar Holdings Co.Ltd (2109) AI Stock Analysis

• Market Cap: ¥99.26B
• Dividend Yield: 4.09%
• Average Volume (3M): 42.76K
• Price to Earnings (P/E): 18.0
• Beta (1Y): 0.42
• Revenue Growth: 3.69%
• EPS Growth: -27.70%
• Country: JP
• Employees: 1,462
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Confectioners
• EPS (TTM): 66.26
• Shares Outstanding: 31,464,780
• 10 Day Avg. Volume: 27,810
• 30 Day Avg. Volume: 42,756
• PEG Ratio: -0.68
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 0.61
• P/FCF Ratio: 5.82
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ¥3,450.00 ▲(8.83% Upside)

The overall stock score of 68 reflects strong financial performance, particularly in cash flow generation and operational efficiency. However, technical analysis indicates some bearish momentum, and valuation metrics suggest the stock is fairly valued with an attractive dividend yield. The lack of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective strategies in expanding market reach and product demand.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, enabling strategic investments and providing a buffer against economic fluctuations.

Operational Efficiency

Improved operational efficiency reflects effective cost management and process optimization, supporting long-term profitability.

Negative Factors

Declining Net Profit Margin

A declining net profit margin suggests challenges in cost control or rising expenses, potentially impacting future profitability.

Return on Equity Decline

A decrease in ROE indicates reduced profitability relative to equity, which may affect investor confidence and capital efficiency.

Cost Management Challenges

Challenges in cost management can strain margins and profitability, necessitating strategic adjustments to maintain financial health.

Mitsui DM Sugar Holdings Co.Ltd Business Overview & Revenue Model

Company Description

Mitsui DM Sugar Holdings Co. Ltd (2109) is a prominent player in the sugar industry, primarily engaged in the production, refining, and distribution of sugar products. Operating within the broader agricultural sector, the company focuses on delivering high-quality sugar for various applications, including food and beverage manufacturing. Mitsui DM Sugar Holdings integrates advanced technology and sustainable practices in its operations, catering to both domestic and international markets.

How the Company Makes Money

The company generates revenue through multiple streams, primarily from the sale of refined and raw sugar products to wholesalers and food manufacturers. Mitsui DM Sugar Holdings benefits from economies of scale in production, allowing it to maintain competitive pricing. Additionally, the company engages in export activities, tapping into global markets where demand for sugar remains robust. Key partnerships with agricultural producers and distributors enhance its supply chain efficiency and market reach. Seasonal fluctuations in sugar prices and changes in consumer demand can significantly influence revenue, necessitating strategic management of operations and inventory. Overall, the company's diversified product offerings and strategic alliances contribute to its financial performance.

Mitsui DM Sugar Holdings Co.Ltd Financial Statement Overview

Summary

Mitsui DM Sugar Holdings Co. Ltd has shown strong revenue growth and improved operational efficiency, as evidenced by higher gross profit margins. The balance sheet remains solid with a strong equity base and manageable debt levels. Cash flow metrics are particularly strong, suggesting excellent cash generation and management. However, there are concerns regarding the declining net profit margin and ROE, which may warrant closer attention to cost controls and profitability strategies.

Income Statement

The company has shown a healthy revenue growth rate of approximately 4.68% from 2024 to 2025, indicating a positive growth trajectory. Gross profit margin has improved to 22.41% in 2025 from 17.39% in 2024, reflecting enhanced operational efficiency. However, the net profit margin decreased from 4.94% in 2024 to 3.52% in 2025, indicating some challenges in cost management or increased expenses. The EBIT and EBITDA margins have significantly improved, which is a strong indicator of improved core business operations.

Balance Sheet

The debt-to-equity ratio stands at 0.42, indicating a relatively stable financial position with moderate leverage. Return on equity (ROE) has slightly decreased from 7.53% in 2024 to 5.49% in 2025, suggesting a slight decline in profitability relative to equity. The equity ratio is strong at 56.67%, showcasing a solid capital structure with a majority of assets funded by equity.

Cash Flow

The free cash flow growth rate has significantly increased to 263.87% from 2024 to 2025, demonstrating strong cash generation capability. The operating cash flow to net income ratio is favorable at 3.59, indicating efficient conversion of net income into cash flow. The free cash flow to net income ratio also improved to 2.97, highlighting robust cash flow performance relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	180.79B	178.78B	170.77B	163.31B	147.88B	108.89B
Gross Profit	41.08B	40.08B	29.69B	26.14B	27.00B	24.33B
EBITDA	17.55B	16.90B	17.74B	20.64B	10.00B	11.53B
Net Income	6.08B	6.29B	8.45B	7.91B	3.66B	2.76B
Balance Sheet
Total Assets	192.18B	202.20B	191.43B	196.12B	189.50B	146.71B
Cash, Cash Equivalents and Short-Term Investments	36.72B	40.60B	25.07B	28.00B	31.48B	17.80B
Total Debt	45.73B	48.62B	44.73B	48.00B	30.03B	19.83B
Total Liabilities	76.94B	82.85B	74.09B	83.55B	79.57B	55.03B
Stockholders Equity	110.72B	114.61B	112.17B	107.17B	101.21B	85.21B
Cash Flow
Free Cash Flow	0.00	18.71B	5.14B	-11.73B	-4.04B	5.23B
Operating Cash Flow	0.00	22.59B	12.74B	6.23B	6.36B	11.12B
Investing Cash Flow	0.00	-5.63B	-6.67B	-21.56B	344.00M	-4.02B
Financing Cash Flow	0.00	-1.69B	-8.99B	11.65B	6.57B	-4.79B

Mitsui DM Sugar Holdings Co.Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3170.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2109, the sentiment is Negative. The current price of 3170 is below the 20-day moving average (MA) of 3240.25, below the 50-day MA of 3191.70, and below the 200-day MA of 3191.09, indicating a bearish trend. The MACD of 4.12 indicates Positive momentum. The RSI at 42.86 is Neutral, neither overbought nor oversold. The STOCH value of 5.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2109.

Mitsui DM Sugar Holdings Co.Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2112	80 Outperform	¥13.69B	6.47	―	1.96%	2.73%	59.02%
2117	76 Outperform	¥82.00B	14.74	―	3.97%	11.70%	-3.61%
2114	71 Outperform	¥28.70B	10.60	―	3.03%	6.64%	10.48%
2109	68 Neutral	¥99.26B	18.05	―	4.09%	3.69%	-27.70%
2108	63 Neutral	¥43.52B	―	―	2.29%	3.82%	-131.02%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Mitsui DM Sugar Holdings Co.Ltd Corporate Events

Mitsui DM Sugar Reports Mixed Financial Results for First Half of FY2026

Mitsui DM Sugar Holdings Co., Ltd. reported its consolidated financial results for the first half of the fiscal year ending March 2026, showing a slight increase in net sales by 2.6% to 90,363 million yen. However, the company experienced declines in operating income, ordinary income, and profit attributable to owners of the parent by 2.6%, 7.4%, and 13.6% respectively, compared to the previous year. The comprehensive income also decreased significantly by 41.8%. Despite these declines, the company maintained its dividend forecast and expects a full-year net sales increase of 11.9%.