Fuji Nihon Seito Corporation (2114) AI Stock Analysis

• Market Cap: ¥33.75B
• Dividend Yield: 2.84%
• Average Volume (3M): 8.71K
• Price to Earnings (P/E): 7.2
• Beta (1Y): 0.26
• Revenue Growth: 6.64%
• EPS Growth: 10.48%
• Country: JP
• Employees: 234
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Confectioners
• EPS (TTM): 21.57
• Shares Outstanding: 51,437,400
• 10 Day Avg. Volume: 7,980
• 30 Day Avg. Volume: 8,710
• PEG Ratio: 0.45
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 0.98
• P/FCF Ratio: 9.12
• 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: 71 Outperform
• Price Target: ¥727.00 ▲(17.83% Upside)
• Action: Reiterated Date: 10/29/25
• Date: Action: Reiterated 10/29/25

Fuji Nihon Seito Corporation's overall stock score is driven by strong financial performance and attractive valuation. The company's robust financial health and low P/E ratio are significant strengths. However, technical analysis presents mixed signals, with bearish momentum indicators suggesting caution. The absence of earnings call and corporate events data limits additional insights.

Positive Factors

Consistent Revenue Growth

A 9.0% year-over-year revenue gain reflects steady demand from industrial and commercial customers and indicates expanding product uptake. This growth supports predictable cash flows, better capacity utilization and provides a durable base for reinvestment and margin preservation over the next several quarters.

Strong Profitability Margins

Healthy gross and operating margins show the company extracts solid value from its sugar and ingredient portfolio, implying operational efficiency and some pricing power. Sustained margins support internal funding for capital needs and dividends and provide a buffer against moderate commodity cost moves over a multi-month horizon.

Robust Operational Cash Generation

Strong free cash flow and operating cash conversion above 1.0 indicate reported earnings are backed by cash, enabling the company to fund capex, service liabilities and sustain payouts without relying on external financing. This cash generation bolsters financial resilience over the next 2–6 months.

Negative Factors

Rising Total Liabilities

An increasing liability base can erode balance-sheet flexibility and raise refinancing or interest risks if the trend continues. Even with low overall leverage today, faster liability growth relative to assets could constrain strategic options and increase funding costs over the medium term.

Negative Investing Cash Flow from CapEx

Sustained negative cash flow from investing driven by capex increases near-term cash demands. If capital spending persists without proportionate operational cash uplifts, free cash flow could be pressured, reducing flexibility for debt reduction or other investments in the coming quarters.

Exposure to Commodity Price Swings

The business is structurally exposed to raw sugar and input cost volatility and to product-mix swings between commoditized sugar and higher-value ingredients. Adverse commodity cycles or margin compression could materially affect profitability and predictability of cash flows over multiple quarters.

Fuji Nihon Seito Corporation Business Overview & Revenue Model

Company Description

Fuji Nihon Seito Corporation manufactures and sells various sugar products in Japan. It offers refined, granulated, soft white and brown, brown and white coarse, and liquid sugar, as well as syrup. The company also provides cut flower preservatives; powder/emulsion materials, including vitamin A, D3, and E, as well as ß-carotene; mixed powder materials, such as vitamin mixed materials, amino acid mixed materials, mixed flavor materials, etc.; and functional-foods materials comprising catechin, pectin, maitake, siraitia grosvnorii, fruit juice essence, etc. In addition, it upgrades poor water-solubility matters to water-soluble materials; and offers an inulin product. The company was founded in 1949 and is headquartered in Tokyo, Japan.

How the Company Makes Money

The company primarily makes money by selling sugar and sugar-related products. Key revenue streams typically include: (1) sales of refined sugar products (e.g., granulated and other forms) to food and beverage manufacturers and other industrial customers, (2) sales of sugar/sweetener-related products and food ingredients to commercial users, and (3) sales into consumer/retail or foodservice channels where applicable. Earnings are driven by shipment volume, product mix (higher value-added products vs. commoditized sugar), and the spread between input costs (e.g., raw sugar procurement) and selling prices, which can be influenced by commodity price movements and domestic pricing conditions. Specific disclosures on major customer concentrations, named partnerships, and the exact segment revenue breakdown are not available here: null

Fuji Nihon Seito Corporation Financial Statement Overview

Summary

Fuji Nihon Seito Corporation demonstrates strong financial health with consistent revenue growth, solid profitability margins, and effective cash flow management. The company maintains a low debt-to-equity ratio and a strong equity base, indicating financial stability. However, increasing total liabilities require careful monitoring.

Income Statement

Fuji Nihon Seito Corporation demonstrates robust performance in its income statement with consistent revenue growth, notably a 9.0% increase from 2024 to 2025. The company maintains strong profitability, with a gross profit margin of 26.9% and a net profit margin of 10.1% for 2025. Additionally, both EBIT and EBITDA margins are solid at 11.5% and 14.0%, respectively, indicating efficient operational management. The consistent increase in net income over the years reflects the company's strong market position and operational efficiency.

Balance Sheet

The balance sheet for Fuji Nihon Seito Corporation reveals a stable financial structure with a low debt-to-equity ratio of 0.20, indicating prudent leverage usage. The equity ratio stands at 70.6%, highlighting a strong capital base. Return on equity (ROE) is healthy at 11.9%, reflecting effective use of shareholder funds. However, the company's total liabilities have grown, which could pose potential risks if not managed carefully.

Cash Flow

The cash flow statement shows strong operational cash generation, with a significant increase in free cash flow to ¥3,015 million in 2025. The operating cash flow to net income ratio is 1.17, suggesting that net income is well-supported by cash flows. The free cash flow to net income ratio is also strong at 1.06. The company exhibits robust cash flow management, though the cash flow from investing activities remains negative, mainly due to capital expenditures, which could impact future liquidity if not balanced by operational cash inflows.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	28.57B	28.21B	25.89B	22.68B	20.10B	18.99B
Gross Profit	7.57B	7.60B	6.28B	5.28B	4.84B	5.13B
EBITDA	3.52B	3.95B	3.31B	2.27B	2.14B	1.89B
Net Income	2.74B	2.85B	2.37B	1.67B	1.61B	1.20B
Balance Sheet
Total Assets	34.05B	33.86B	32.49B	28.37B	24.85B	23.67B
Cash, Cash Equivalents and Short-Term Investments	6.06B	6.64B	5.27B	4.88B	3.80B	3.97B
Total Debt	4.67B	4.82B	3.10B	2.23B	1.57B	1.61B
Total Liabilities	9.72B	9.98B	8.64B	6.85B	5.13B	5.42B
Stockholders Equity	24.28B	23.83B	23.83B	21.45B	19.76B	18.37B
Cash Flow
Free Cash Flow	0.00	3.02B	621.73M	305.24M	292.81M	1.61B
Operating Cash Flow	0.00	3.32B	942.53M	579.56M	555.07M	1.84B
Investing Cash Flow	0.00	-1.49B	-517.20M	-169.59M	-476.15M	-478.72M
Financing Cash Flow	0.00	-436.55M	-69.94M	633.64M	-275.28M	-345.03M

Fuji Nihon Seito Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 617.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2114, the sentiment is Positive. The current price of 617 is below the 20-day moving average (MA) of 661.50, below the 50-day MA of 647.40, and above the 200-day MA of 573.59, indicating a neutral trend. The MACD of 1.41 indicates Positive momentum. The RSI at 51.46 is Neutral, neither overbought nor oversold. The STOCH value of 30.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2114.

Fuji Nihon Seito Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2112	80 Outperform	¥14.97B	5.17	―	1.91%	2.73%	59.02%
2208	72 Outperform	¥77.36B	6.88	―	1.55%	5.78%	14.23%
2114	71 Outperform	¥33.75B	7.15	―	2.84%	6.64%	10.48%
2109	68 Neutral	¥105.20B	10.22	―	3.97%	3.69%	-27.70%
2108	65 Neutral	¥50.77B	-19.07	―	2.12%	3.82%	-131.02%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2211	49 Neutral	¥63.25B	32.06	―	1.14%	8.17%	10.65%

Fuji Nihon Seito Corporation Corporate Events

Fuji Nihon Lifts Profits and Strengthens Balance Sheet on Modest Sales Growth

Fuji Nihon Corporation reported steady growth for the nine months ended December 31, 2025, with net sales up 1.7% year-on-year to ¥21.5 billion and operating profit rising 15.6% to ¥2.96 billion, while profit attributable to owners of parent climbed 9.5% to ¥2.63 billion, lifting basic earnings per share to ¥51.24 after adjusting for a January 2026 two-for-one share split. The company’s financial position strengthened, with total assets increasing to ¥37.6 billion and the equity ratio improving to 72.0%, and it maintained its dividend policy—factoring in the share split—while revising its full-year forecast to project modest top-line growth, higher operating profit and a 5.4% rise in full-year profit, underscoring stable profitability and continued shareholder returns despite only slight gains in sales.

The most recent analyst rating on (JP:2114) stock is a Hold with a Yen690.00 price target. To see the full list of analyst forecasts on Fuji Nihon Seito Corporation stock, see the JP:2114 Stock Forecast page.