Ensuiko Sugar Refining Co., Ltd. (JP:2112)
:2112
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Ensuiko Sugar Refining Co., Ltd.
(2112)
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Rating:71Outperform
Price Target:
¥472.00
▼(-10.78% Downside)
Action:Reiterated
Date:05/12/26
The score is driven primarily by improving fundamentals (better margins and markedly lower leverage) and very attractive valuation (low P/E and high dividend yield). These positives are partially offset by weak technicals and momentum (price below key moving averages with very low RSI/Stoch) and a recent revenue decline alongside choppy cash-flow efficiency.
Positive Factors
Sustained margin expansion
Material margin expansion over several years suggests durable improvements in pricing, cost control, or product mix. Higher operating and net margins support sustainable earnings power, improve resilience to input-cost swings, and underpin stronger returns and internal funding capacity.
Negative Factors
Recent revenue decline and top-line volatility
A modest YoY revenue decline after prior growth highlights demand or pricing vulnerability in core markets. Top-line volatility can erode operating leverage, make margin gains harder to sustain, and limit predictability of cash flows over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained margin expansion
Material margin expansion over several years suggests durable improvements in pricing, cost control, or product mix. Higher operating and net margins support sustainable earnings power, improve resilience to input-cost swings, and underpin stronger returns and internal funding capacity.
Read all positive factors
Ensuiko Sugar Refining Co., Ltd. (2112) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥12.22B
Dividend Yield1.91%
Average Volume (3M)174.31K
Price to Earnings (P/E)6.4
Beta (1Y)0.60
Revenue Growth1.42%
EPS Growth29.11%
CountryJP
Employees76
SectorConsumer Defensive
Sector Strength42
IndustryFood Confectioners
Share Statistics
EPS (TTM)77.72
Shares Outstanding35,000,000
10 Day Avg. Volume122,800
30 Day Avg. Volume174,313
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.68
Price to Sales (P/S)0.43
P/FCF Ratio7.73
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
Ensuiko Sugar Refining Co., Ltd. Business Overview & Revenue Model
Company Description
Ensuiko Sugar Refining Co., Ltd. manufactures and sells refined sugar in Japan. The company offers granular, white, stick, and liquid sugar; lactose fructose oligosaccharide; and cyclodextrin, as well as salacia granules. It also provides sugar cu...
How the Company Makes Money
Ensuiko Sugar Refining makes money primarily by manufacturing and selling sugar products. Its main revenue stream is sales of refined sugar (and related sugar products) to business customers such as food and beverage manufacturers, bakeries, confe...
Ensuiko Sugar Refining Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.00B | 32.98B | 32.52B | 31.55B | 27.95B | 25.13B |
| Gross Profit | 6.26B | 6.51B | 6.19B | 4.65B | 3.59B | 3.79B |
| EBITDA | 3.46B | 3.65B | 3.44B | 2.07B | 1.25B | 1.46B |
| Net Income | 2.13B | 2.77B | 2.14B | 1.48B | 498.00M | 609.00M |
Balance Sheet | ||||||
| Total Assets | 28.13B | 31.81B | 29.41B | 27.51B | 25.89B | 26.13B |
| Cash, Cash Equivalents and Short-Term Investments | 1.67B | 2.89B | 3.31B | 2.31B | 2.21B | 3.53B |
| Total Debt | 7.83B | 6.73B | 8.25B | 10.17B | 11.83B | 13.08B |
| Total Liabilities | 11.26B | 11.21B | 12.79B | 13.79B | 14.86B | 15.75B |
| Stockholders Equity | 16.87B | 20.60B | 16.62B | 13.71B | 11.03B | 10.38B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.81B | 3.15B | 1.83B | 150.00M | 591.00M |
| Operating Cash Flow | 0.00 | 2.66B | 3.70B | 2.11B | 447.00M | 1.08B |
| Investing Cash Flow | 0.00 | -1.13B | -520.00M | -227.00M | -374.00M | -711.00M |
| Financing Cash Flow | 0.00 | -1.93B | -2.17B | -1.79B | -1.40B | -1.74B |
Ensuiko Sugar Refining Co., Ltd. Technical Analysis
Negative
529.00
Price Trends
506.75
Negative
520.79
Negative
480.69
Negative
Market Momentum
-20.06
Positive
40.72
Neutral
44.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2112, the sentiment is Negative. The current price of 529 is above the 20-day moving average (MA) of 479.35, above the 50-day MA of 506.75, and above the 200-day MA of 480.69, indicating a bearish trend. The MACD of -20.06 indicates Positive momentum. The RSI at 40.72 is Neutral, neither overbought nor oversold. The STOCH value of 44.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2112.
Ensuiko Sugar Refining 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% | |
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% |
* Consumer Defensive Sector Average
JP:2112
Ensuiko Sugar Refining Co., Ltd.
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42.11%
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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.