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BELC Co., Ltd.
(9974)
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Rating:69Neutral
Price Target:
¥7,161.00
▼(-1.77% Downside)
Action:Downgraded
Date:04/12/26
The score is primarily driven by solid operating performance and a manageable balance sheet, offset by volatile cash generation with negative free cash flow in the latest year. Technicals are mildly supportive with a positive trend and neutral momentum, while valuation is reasonable but not especially compelling due to the modest yield.
Positive Factors
Strong Revenue Growth
Sustained top-line expansion indicates expanding market penetration and stronger customer traction in core supermarket operations. Durable revenue growth supports scale advantages in purchasing, spreads fixed costs across higher sales, and provides capacity to fund investments or network expansion over the next several quarters.
Negative Factors
Volatile Free Cash Flow
Irregular free cash flow constrains the firm's ability to self-fund growth, pay sustained dividends, or build cushions against shocks. Negative FCF in 2026 suggests heavier capex or working-capital absorption tied to expansion, raising execution risk if operating cash generation weakens over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained top-line expansion indicates expanding market penetration and stronger customer traction in core supermarket operations. Durable revenue growth supports scale advantages in purchasing, spreads fixed costs across higher sales, and provides capacity to fund investments or network expansion over the next several quarters.
Read all positive factors
BELC Co., Ltd. (9974) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥137.72B
Dividend Yield1.64%
Average Volume (3M)18.13K
Price to Earnings (P/E)11.0
Beta (1Y)0.27
Revenue Growth9.19%
EPS Growth2.45%
CountryJP
Employees2,590
SectorGeneral
Sector StrengthN/A
IndustryGrocery Stores
Share Statistics
EPS (TTM)608.69
Shares Outstanding20,867,800
10 Day Avg. Volume17,380
30 Day Avg. Volume18,130
Financial Highlights & Ratios
PEG Ratio5.41
Price to Book (P/B)1.39
Price to Sales (P/S)0.40
P/FCF Ratio-74.13
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)601
Revenue Forecast (FY)¥437.60B
BELC Co., Ltd. Business Overview & Revenue Model
Company Description
Belc Co. Ltd. manages a widespread network of grocery supermarkets. The company offers a comprehensive selection of food items, including fresh and processed meats, seafood, produce (both fresh and prepared), dairy and egg products, various proces...
How the Company Makes Money
BELC makes money mainly by selling merchandise—primarily food (fresh foods such as produce, meat, seafood; processed and packaged foods; beverages) and everyday household necessities (e.g., toiletries and other consumables)—to individual consumers...
BELC Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
56
Neutral
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 423.43B | 387.78B | 351.86B | 310.82B | 300.27B |
| Gross Profit | 118.89B | 109.42B | 99.95B | 89.87B | 77.10B |
| EBITDA | 26.15B | 24.84B | 21.83B | 20.86B | 19.36B |
| Net Income | 12.68B | 12.38B | 10.68B | 9.61B | 9.19B |
Balance Sheet | |||||
| Total Assets | 221.38B | 202.19B | 185.82B | 170.70B | 154.44B |
| Cash, Cash Equivalents and Short-Term Investments | 19.85B | 17.83B | 17.03B | 15.58B | 11.79B |
| Total Debt | 43.70B | 36.77B | 34.51B | 35.83B | 29.70B |
| Total Liabilities | 100.78B | 92.26B | 85.85B | 79.39B | 70.79B |
| Stockholders Equity | 120.59B | 109.92B | 99.97B | 91.30B | 83.65B |
Cash Flow | |||||
| Free Cash Flow | -2.27B | 4.72B | 3.80B | -988.00M | 724.00M |
| Operating Cash Flow | 20.93B | 22.69B | 21.06B | 15.62B | 17.06B |
| Investing Cash Flow | -22.77B | -21.72B | -16.23B | -15.93B | -18.48B |
| Financing Cash Flow | 3.78B | -165.00M | -3.38B | 4.10B | 5.84B |
BELC Co., Ltd. Technical Analysis
Positive
7290.00
Price Trends
6515.60
Positive
7065.15
Negative
7258.24
Negative
Market Momentum
4.89
Negative
59.95
Neutral
76.02
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 7290 is above the 20-day moving average (MA) of 6355.50, above the 50-day MA of 6515.60, and above the 200-day MA of 7258.24, indicating a neutral trend. The MACD of 4.89 indicates Negative momentum. The RSI at 59.95 is Neutral, neither overbought nor oversold. The STOCH value of 76.02 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥100.56B | 9.99 | ― | 1.92% | 2.00% | 9.17% | |
71 Outperform | ¥80.34B | 9.11 | ― | 1.47% | 6.78% | -1.61% | |
69 Neutral | ¥137.72B | 10.96 | ― | 1.64% | 9.19% | 2.45% | |
69 Neutral | ¥58.66B | 11.23 | ― | 3.31% | 4.29% | -1.68% | |
69 Neutral | ¥223.65B | 14.20 | ― | 2.43% | 3.62% | 11.00% | |
62 Neutral | ¥55.44B | 9.57 | ― | 1.34% | 21.78% | 12.45% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9974
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-10.08%
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-6.49%
BELC Co., Ltd. Corporate Events
Belc weighs reducing minimum investment unit to broaden investor base
May 20, 2026
Belc Co., Ltd. announced its approach and policy regarding a possible reduction in the minimum investment unit for its shares, in line with Tokyo Stock Exchange regulations. The company views a lower minimum investment amount as a way to broaden i...
Belc Posts Higher Sales and Dividend Hike Amid Modest Profit Growth
Apr 10, 2026
Belc reported consolidated net sales of ¥423.4 billion for the fiscal year ended February 28, 2026, up 9.2% year on year, with operating profit rising 5.2% to ¥17.9 billion and profit attributable to owners of parent edging up 2.4% to &#...
Belc Reaffirms 2030 Targets and Sets Long-Term Growth Strategy
Apr 10, 2026
Belc has updated its medium-term management plan, reaffirming targets through the fiscal year ending February 28, 2030, including consolidated net sales of at least 500 billion yen, an ordinary profit-to-net-sales ratio of 4.5%, and a store networ...
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.