WELLNEO SUGAR Co.Ltd. (JP:2117)
:2117
Top Page
WELLNEO SUGAR Co.Ltd.
(2117)
Select Model
Select Model
Rating:75Outperform
Price Target:
¥3,292.00
▲(16.57% Upside)
Action:ReiteratedDate:02/11/26
The score is driven primarily by improved financial performance versus 2023 (stronger margins, positive free cash flow, and low leverage). Technicals add support with an upward trend and positive momentum indicators. Valuation is neutral-to-positive with a reasonable P/E and attractive dividend yield. The main offset is slower recent revenue growth and less consistent cash conversion.
Positive Factors
Improved margins
Margins have recovered materially from 2023 troughs, implying the company has regained pricing power or cost discipline. Sustained mid-single operating margins support durable cash generation and resilience versus commodity or input price swings, improving long-term earnings stability.
Negative Factors
Slowing revenue growth
Top-line momentum has normalized after prior acceleration, leaving revenue growth near low-single digits. Persistently slow growth constrains operating leverage and limits the firm's ability to expand margins or reinvest at scale, pressuring long-term earnings expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved margins
Margins have recovered materially from 2023 troughs, implying the company has regained pricing power or cost discipline. Sustained mid-single operating margins support durable cash generation and resilience versus commodity or input price swings, improving long-term earnings stability.
Read all positive factors
WELLNEO SUGAR Co.Ltd. (2117) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥93.44B
Dividend Yield3.9%
Average Volume (3M)37.07K
Price to Earnings (P/E)9.7
Beta (1Y)0.48
Revenue Growth11.70%
EPS Growth-3.61%
CountryJP
Employees644
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)72.89
Shares Outstanding32,800,095
10 Day Avg. Volume33,510
30 Day Avg. Volume37,066
Financial Highlights & Ratios
PEG Ratio15.93
Price to Book (P/B)1.05
Price to Sales (P/S)0.79
P/FCF Ratio12.57
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
WELLNEO SUGAR Co.Ltd. Business Overview & Revenue Model
Company Description
Nissin Sugar Co., Ltd. manufactures and sells sugar and other food products primarily in Japan. The company offers white soft, frost, granulated, powdered, brown soft, light brown crystal, white crystal, rock, liquid, kibi zato, calcium fortified,...
How the Company Makes Money
WELLNEO SUGAR Co.Ltd. generates revenue primarily through the sale of its sugar products to various sectors, including food manufacturers, wholesalers, and retailers. The company has established long-term contracts with key clients, which provide ...
WELLNEO SUGAR Co.Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 109.75B | 97.07B | 92.19B | 58.35B | 46.06B | 43.77B |
| Gross Profit | 22.31B | 19.14B | 15.88B | 8.90B | 7.84B | 8.40B |
| EBITDA | 12.75B | 10.86B | 8.14B | 3.57B | 3.67B | 4.18B |
| Net Income | 6.12B | 5.57B | 5.52B | 1.06B | 1.72B | 1.13B |
Balance Sheet | ||||||
| Total Assets | 104.24B | 110.35B | 95.92B | 93.57B | 61.13B | 61.32B |
| Cash, Cash Equivalents and Short-Term Investments | 11.37B | 15.45B | 12.51B | 11.26B | 7.65B | 8.52B |
| Total Debt | 13.87B | 17.76B | 10.52B | 12.61B | 5.15B | 5.15B |
| Total Liabilities | 27.78B | 35.99B | 24.81B | 25.30B | 12.22B | 12.77B |
| Stockholders Equity | 76.46B | 72.89B | 71.11B | 68.26B | 48.90B | 48.54B |
Cash Flow | ||||||
| Free Cash Flow | 5.88B | 6.07B | 4.87B | -2.21B | 1.42B | 2.70B |
| Operating Cash Flow | 10.03B | 8.93B | 6.66B | -1.63B | 2.18B | 3.32B |
| Investing Cash Flow | -11.77B | -8.98B | -822.00M | 4.61B | -651.00M | -482.00M |
| Financing Cash Flow | 1.01B | 2.99B | -4.59B | -3.68B | -2.40B | -2.40B |
WELLNEO SUGAR Co.Ltd. Technical Analysis
Positive
2824.00
Price Trends
2873.33
Positive
2812.76
Positive
2589.43
Positive
Market Momentum
9.18
Negative
58.59
Neutral
71.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2117, the sentiment is Positive. The current price of 2824 is below the 20-day moving average (MA) of 2852.27, below the 50-day MA of 2873.33, and above the 200-day MA of 2589.43, indicating a bullish trend. The MACD of 9.18 indicates Negative momentum. The RSI at 58.59 is Neutral, neither overbought nor oversold. The STOCH value of 71.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2117.
WELLNEO SUGAR Co.Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥14.48B | 5.17 | ― | 1.91% | 2.73% | 59.02% | |
75 Outperform | ¥93.44B | 9.69 | ― | 3.90% | 11.70% | -3.61% | |
71 Outperform | ¥32.52B | 7.15 | ― | 2.84% | 6.64% | 10.48% | |
69 Neutral | ¥163.54B | 9.61 | ― | 1.39% | 3.91% | -0.28% | |
68 Neutral | ¥111.93B | 10.22 | ― | 3.97% | 3.69% | -27.70% | |
65 Neutral | ¥49.87B | -19.07 | ― | 2.12% | 3.82% | -131.02% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
JP:2117
WELLNEO SUGAR Co.Ltd.
2,900.00
683.01
30.81%
JP:2108
Nippon Beet Sugar Manufacturing Co., Ltd.
4,125.00
1,960.07
90.54%
JP:2109
Mitsui DM Sugar Holdings Co.Ltd
3,580.00
385.67
12.07%
JP:2112
Ensuiko Sugar Refining Co., Ltd.
532.00
237.23
80.48%
JP:2114
Fuji Nihon Seito Corporation
633.00
130.13
25.88%
JP:2692
Itochu-Shokuhin Co., Ltd.
12,890.00
5,347.68
70.90%
WELLNEO SUGAR Co.Ltd. Corporate Events
WELLNEO SUGAR Lifts Nine-Month Profit, Confirms Outlook and Higher Dividend
Feb 9, 2026
WELLNEO SUGAR Co., Ltd. reported strong consolidated results for the nine months ended December 31, 2025, with revenue up 16.9% to ¥87.51 billion and operating profit rising 21.1% to ¥9.22 billion, driving a 10.3% increase in profit attr...
WELLNEO SUGAR Completes Treasury Share Disposal
Dec 15, 2025
WELLNEO SUGAR Co., Ltd. has completed the payment procedures for the disposal of its treasury shares through a third-party allotment to its employee Stock Ownership Association. The number of shares and total value of disposal were adjusted due to...
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.