Fuji Nihon Seito Corporation (2114) AI Stock Analysis

• Market Cap: ¥32.47B
• Dividend Yield: 2.84%
• Average Volume (3M): 8.71K
• Price to Earnings (P/E): 10.6
• Beta (1Y): 0.22
• 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: ¥698.00 ▲(13.13% Upside)

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 and healthy margins

Sustained revenue growth with double-digit margin profiles indicates durable demand and pricing power in core sugar and ingredient markets. Higher margins support reinvestment, cushioning cyclical swings and enabling steady earnings retention over the medium term.

Strong operational cash generation

Robust operating cash conversion and growing free cash flow strengthen liquidity and fund capex, dividends, or deleveraging without relying on external financing. This underpins resiliency across business cycles and supports strategic investments over the next several quarters.

Prudent balance sheet with low leverage

Low leverage and a high equity base provide flexibility to withstand commodity price volatility and finance growth initiatives. A healthy ROE signals efficient capital use, reducing insolvency risk and enabling consistent capital allocation over medium-term horizons.

Negative Factors

Rising total liabilities

An increase in total liabilities can erode the company’s conservative financial cushion and raise rollover or interest risks. If growth in obligations outpaces cash generation, it could constrain strategic flexibility and pressure liquidity over the coming quarters.

Negative investing cash flow from capex

Sustained negative investing cash flow driven by capex can strain free cash flow if operational cash growth slows. Continued high investment needs may require careful prioritization or external funding, affecting liquidity and returns over the medium term.

Commodity exposure in core business

A business concentrated on sugar and related ingredients remains exposed to raw sugar price volatility and input-cost swings. Persistent commodity risk can compress margins and complicate forecasting, requiring effective hedging and pricing strategies to maintain profitability.

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

Fuji Nihon Seito Corporation generates revenue primarily through the production and sale of sweeteners, which are essential ingredients used in a wide range of consumer products. The company’s revenue model is based on the sale of both bulk sweeteners to large manufacturers and retail products directly to consumers. Key revenue streams include contracts with food manufacturers for customized sweetening solutions, partnerships with retailers for branded products, and exports to international markets. Additionally, the company invests in research and development to create new product lines, enhancing its market presence and driving sales growth. Strategic collaborations with other food industry players further contribute to its earnings by expanding its distribution channels and product offerings.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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	33.76B	32.42B	28.26B	24.75B	23.48B
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	9.89B	8.57B	6.74B	5.03B	5.23B
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 620.40, above the 50-day MA of 593.97, and above the 200-day MA of 550.27, indicating a bullish trend. The MACD of 12.27 indicates Positive momentum. The RSI at 62.11 is Neutral, neither overbought nor oversold. The STOCH value of 55.74 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	¥14.70B	5.71	―	1.91%	2.73%	59.02%
2117	76 Outperform	¥92.09B	16.47	―	3.90%	11.70%	-3.61%
2114	71 Outperform	¥32.47B	10.55	―	2.84%	6.64%	10.48%
2109	68 Neutral	¥104.89B	22.00	―	3.97%	3.69%	-27.70%
2108	63 Neutral	¥50.05B	-26.81	―	2.12%	3.82%	-131.02%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

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.

Fuji Nihon Seito Reports Increased Sales but Faces Profitability Challenges

Fuji Nihon Seito Corporation reported its consolidated financial results for the six months ending September 30, 2025, showing a 4.2% increase in net sales compared to the previous year. Despite the rise in sales, the profit attributable to owners of the parent decreased by 6.9%, indicating challenges in maintaining profitability. The company’s comprehensive income significantly increased by 125.1%, reflecting a potential improvement in overall financial health. The equity ratio also improved slightly to 72.4%, suggesting a stable financial position. However, the forecast for the fiscal year ending March 31, 2026, anticipates a decline in profit attributable to owners of the parent by 19.2%, which could impact stakeholders’ expectations.

The most recent analyst rating on (JP:2114) stock is a Buy with a Yen1182.00 price target. To see the full list of analyst forecasts on Fuji Nihon Seito Corporation stock, see the JP:2114 Stock Forecast page.