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

• Market Cap: ¥160.05B
• Dividend Yield: 1.64%
• Average Volume (3M): 18.13K
• Price to Earnings (P/E): 13.3
• Beta (1Y): 0.40
• Revenue Growth: 10.13%
• EPS Growth: 23.77%
• Country: JP
• Employees: 2,590
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Grocery Stores
• EPS (TTM): 194.80
• Shares Outstanding: 20,867,800
• 10 Day Avg. Volume: 17,380
• 30 Day Avg. Volume: 18,130
• PEG Ratio: 5.41
• Price to Book (P/B): 1.39
• Price to Sales (P/S): 0.40
• P/FCF Ratio: -74.13
• 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): 644.2
• Revenue Forecast (FY): ¥457.40B

• Rating: 69 Neutral
• Price Target: ¥8,399.00 ▲(15.21% Upside)
• Action: Downgraded Date: 04/12/26
• Date: Action: Downgraded 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

Revenue Growth

Sustained top-line expansion, including a pronounced step-up in 2026, suggests durable demand and successful execution of store/sales initiatives. Continued revenue growth supports scale benefits, better buying power and potential to fund reinvestment, making the business more resilient over months.

Negative Factors

Volatile Free Cash Flow

Recurrent swings in free cash flow, culminating in a negative FCF year, weaken the company’s ability to self-fund growth or cover unexpected shocks. Over a multi-month horizon this raises reliance on external financing or slower reinvestment, constraining strategic flexibility.

BELC Co., Ltd. Business Overview & Revenue Model

Company Description

BELC Co., Ltd. (9974) is a prominent retail company based in Japan, primarily engaged in the supermarket and grocery sector. The company operates a chain of supermarkets that offer a wide range of products, including fresh produce, processed foods...

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BELC Co., Ltd. (9974) is a prominent retail company based in Japan, primarily engaged in the supermarket and grocery sector. The company operates a chain of supermarkets that offer a wide range of products, including fresh produce, processed foods...

How the Company Makes Money

BELC primarily makes money by selling products to consumers in its supermarkets. Its core revenue stream is retail sales across (1) food items (including fresh foods such as produce, meat, seafood, and prepared foods) and (2) non-food daily necess...

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BELC primarily makes money by selling products to consumers in its supermarkets. Its core revenue stream is retail sales across (1) food items (including fresh foods such as produce, meat, seafood, and prepared foods) and (2) non-food daily necess...

BELC Co., Ltd. Financial Statement Overview

Breakdown	TTM	Feb 2026	Feb 2025	Feb 2024	Feb 2023	Feb 2022
Income Statement
Total Revenue	409.13B	423.43B	387.78B	351.86B	310.82B	300.27B
Gross Profit	114.13B	118.89B	109.42B	99.95B	89.87B	77.10B
EBITDA	24.88B	26.45B	24.84B	21.83B	20.86B	19.36B
Net Income	12.36B	12.68B	12.38B	10.68B	9.61B	9.19B
Balance Sheet
Total Assets	215.71B	221.38B	202.19B	185.82B	170.70B	154.44B
Cash, Cash Equivalents and Short-Term Investments	21.47B	19.85B	17.83B	17.03B	15.58B	11.79B
Total Debt	40.77B	43.70B	36.77B	34.51B	35.83B	29.70B
Total Liabilities	101.02B	100.78B	92.26B	85.85B	79.39B	70.79B
Stockholders Equity	114.68B	120.59B	109.92B	99.97B	91.30B	83.65B
Cash Flow
Free Cash Flow	0.00	-2.27B	4.72B	3.80B	-988.00M	724.00M
Operating Cash Flow	0.00	20.93B	22.69B	21.06B	15.62B	17.06B
Investing Cash Flow	0.00	-22.77B	-21.72B	-16.23B	-15.93B	-18.48B
Financing Cash Flow	0.00	3.78B	-165.00M	-3.38B	4.10B	5.84B

BELC Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7290.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 7290 is below the 20-day moving average (MA) of 7590.00, below the 50-day MA of 7616.56, and below the 200-day MA of 7435.40, indicating a bullish trend. The MACD of 47.30 indicates Negative momentum. The RSI at 52.02 is Neutral, neither overbought nor oversold. The STOCH value of 64.63 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
8198	76 Outperform	¥114.08B	11.71	―	1.92%	2.30%	26.52%
8167	74 Outperform	¥56.03B	19.57	―	3.31%	4.92%	19.73%
2742	71 Outperform	¥94.15B	11.65	―	1.47%	7.75%	-1.68%
9823	71 Outperform	¥72.45B	11.40	―	1.34%	20.50%	10.77%
9974	69 Neutral	¥160.05B	13.26	―	1.64%	10.13%	23.77%
8194	69 Neutral	¥228.58B	19.90	―	2.43%	4.48%	13.17%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

BELC Co., Ltd. Corporate Events