BELC Co., Ltd. (9974) AI Stock Analysis

• Market Cap: ¥154.20B
• Dividend Yield: 1.62%
• Average Volume (3M): 41.84K
• Price to Earnings (P/E): 12.3
• Beta (1Y): 0.31
• Revenue Growth: 9.83%
• EPS Growth: 21.58%
• Country: JP
• Employees: 2,590
• Sector: Consumer Defensive
• Sector Strength: 54
• Industry: Grocery Stores
• EPS (TTM): 131.02
• Shares Outstanding: 20,867,800
• 10 Day Avg. Volume: 31,450
• 30 Day Avg. Volume: 41,836
• PEG Ratio: 0.50
• Price to Book (P/B): 1.33
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ¥9,100.00
• Price Target Upside: 25.52% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 76 Outperform
• Price Target: ¥8,193.00 ▲(13.01%Upside)

BELC Co., Ltd.'s financial performance is the most significant factor, showcasing strong revenue and profit growth with effective cost management and cash generation. Technical analysis suggests short-term caution, while valuation is reasonable, supporting a stable investment outlook.

BELC Co., Ltd. Business Overview & Revenue Model

Company Description

BELC Co., Ltd. (9974) is a Japanese company primarily engaged in the operation of supermarkets. It offers a wide range of products, including groceries, fresh produce, meat, and household goods. The company focuses on providing quality products at competitive prices, catering to the needs of local communities. BELC also emphasizes customer service and convenience, aiming to create a pleasant shopping experience for its customers.

How the Company Makes Money

BELC Co., Ltd. generates revenue primarily through the sale of goods in its supermarket chain. The company's key revenue streams include the sale of groceries, fresh produce, and other household items. BELC may also earn income through strategic partnerships with suppliers and manufacturers, which can include exclusive product offerings or promotional arrangements. Additionally, the company might leverage its retail space for advertising or in-store promotions, further contributing to its earnings. BELC's focus on operational efficiency and cost management helps maintain profitability in a competitive retail market.

BELC Co., Ltd. Financial Statement Overview

Summary

BELC Co., Ltd. shows strong financial performance with consistent revenue growth, improving gross and net profit margins, and a solid balance sheet. Robust cash flow generation and effective capital expenditure management further underscore the company's operational efficiency. However, there is room for improvement in cost management and debt monitoring.

Income Statement

BELC Co., Ltd. has demonstrated consistent revenue growth, with a notable increase from ¥239.5 billion in 2020 to ¥387.8 billion in 2025. Gross profit margins have remained healthy, improving to 28.2% in 2025 from 26.2% in 2020. Net profit margins have also seen an uptick, reaching 3.2% in 2025. The company maintained stable EBIT and EBITDA margins, indicating strong operational efficiency. However, the net profit margin suggests room for improvement in cost management.

Balance Sheet

The balance sheet of BELC Co., Ltd. reflects a strong equity position, with the equity ratio improving to 54.8% in 2025. The debt-to-equity ratio is manageable at 0.33, showcasing prudent financial leverage. Return on equity (ROE) has been stable, indicating effective use of equity capital. Despite these strengths, monitoring debt levels remains crucial to maintaining financial stability.

Cash Flow

BELC Co., Ltd. exhibits robust cash flow generation, with operating cash flow consistently outpacing net income. Free cash flow has grown significantly, demonstrating effective capital expenditure management. The free cash flow to net income ratio highlights the company's ability to convert earnings into cash, which is a positive indicator for financial flexibility. Nevertheless, continued focus on optimizing capital expenditures could enhance cash flow further.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	387.78B	351.86B	310.82B	300.27B	284.46B
Gross Profit	109.42B	99.95B	89.87B	77.10B	73.30B
EBITDA	24.84B	21.46B	20.54B	19.36B	17.87B
Net Income	12.38B	10.68B	9.61B	9.19B	8.83B
Balance Sheet
Total Assets	200.72B	184.36B	169.31B	153.21B	136.56B
Cash, Cash Equivalents and Short-Term Investments	17.83B	17.03B	15.58B	11.79B	7.37B
Total Debt	36.77B	34.51B	35.83B	29.70B	22.00B
Total Liabilities	90.79B	84.40B	78.00B	69.56B	60.28B
Stockholders Equity	109.92B	99.97B	91.30B	83.65B	76.28B
Cash Flow
Free Cash Flow	4.72B	2.76B	-1.26B	212.00M	3.19B
Operating Cash Flow	22.69B	21.06B	15.62B	17.06B	17.35B
Investing Cash Flow	-21.72B	-16.23B	-15.93B	-18.48B	-14.00B
Financing Cash Flow	-165.00M	-3.38B	4.10B	5.84B	-3.50B

BELC Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7250.00
• 50DMA: Negative
• 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:9974, the sentiment is Positive. The current price of 7250 is below the 20-day moving average (MA) of 7296.50, below the 50-day MA of 7258.80, and above the 200-day MA of 6801.48, indicating a neutral trend. The MACD of -20.93 indicates Positive momentum. The RSI at 49.09 is Neutral, neither overbought nor oversold. The STOCH value of 27.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9974.

BELC Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9823	82 Outperform	¥59.04B	11.57		1.70%	13.93%	-11.16%
8194	79 Outperform	¥213.09B	11.81		2.63%	4.90%	12.63%
9974	76 Outperform	¥154.20B	12.32		1.62%	9.83%	21.58%
2742	73 Outperform	¥109.15B	12.13		1.18%	7.94%	0.06%
8198	73 Outperform	¥102.15B	10.72		2.20%	3.09%	10.80%
8167	68 Neutral	¥65.02B	11.78		1.96%	5.39%	14.57%
Sector *	62 Neutral	€10.27B	11.24	-4.77%	3.70%	-1.37%	-1399.31%

BELC Co., Ltd. Corporate Events

Belc Co., Ltd. Reports Strong Q1 Financial Results for 2025

Belc Co., Ltd. reported its consolidated financial results for the three months ending May 31, 2025, showing a notable increase in operating income by 11% compared to the previous year. The company’s financial position remains strong with a slight increase in net assets and a stable equity ratio, indicating positive growth and stability in its operations.

The most recent analyst rating on (JP:9974) stock is a Buy with a Yen7500.00 price target. To see the full list of analyst forecasts on BELC Co., Ltd. stock, see the JP:9974 Stock Forecast page.

Belc Co., Ltd. Announces Board Changes

Belc Co., Ltd. announced a change in its board of directors, effective July 1, 2025. Kanji Ueda will take on the additional role of General Manager of Store Planning Department, alongside his current position as Director and General Manager of Development Control Department. This change reflects the company’s ongoing efforts to streamline its operations and enhance its strategic planning capabilities.

The most recent analyst rating on (JP:9974) stock is a Buy with a Yen7500.00 price target. To see the full list of analyst forecasts on BELC Co., Ltd. stock, see the JP:9974 Stock Forecast page.

Belc Co., Ltd. Considers Reducing Minimum Investment Unit to Boost Market Activity

Belc Co., Ltd. has announced its approach and policy regarding the reduction of its minimum investment unit, aiming to revitalize the stock market by attracting a broader range of investors and improving stock liquidity. The company plans to carefully consider factors such as stock price levels and liquidity before implementing any changes, in compliance with Tokyo Stock Exchange regulations.

The most recent analyst rating on (JP:9974) stock is a Buy with a Yen7500.00 price target. To see the full list of analyst forecasts on BELC Co., Ltd. stock, see the JP:9974 Stock Forecast page.