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  2. •

    Process industries

  3. •

    Agricultural commodities/Milling
Nitten Co., Ltd.

Nitten Co., Ltd.

TTSE:2108
1,863.00
JPY
+32.00
(+1.75%)
49.56BMarket Cap
Nov 11Next Earn
Nitten Co., Ltd.
TSE:2108
(Tokyo Stock Exchange)

Recent

price

1,863.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
JPY
1,361.8
1,332.53
1,352.74
1,345.99
1,346.73
1,351.08
1,371.16
1,387.33
1,362.82
1,338.75
1,288.82
1,399.37
1,609.12
1,765.52
1,718.74
1,869.37
- -
Revenue per Share
29.84
27.6
19.55
25.52
32.55
31.82
35.69
28.81
31.11
31.46
38.62
47.25
31.19
46.14
71.7
136.93
- -
Basic EPS, GAAP
152.17
15.98
23.71
14.88
-44.93
55.87
77.53
-87.04
1.1
3.73
-66.59
8.04
-115.09
224.53
-268.94
28.41
- -
Free Cash Flow per Basic Share
16.58
16.54
16.62
16.58
16.63
16.64
16.58
16.61
16.57
26.58
16.65
16.7
16.63
16.94
18.65
26.97
- -
Dividend per Share
1,255.83
1,270.22
1,310.32
1,349.28
1,518.15
1,571.5
1,622.2
1,607.14
1,630.84
1,571.57
1,628.65
1,679.11
1,700.72
1,882.47
1,976.21
2,137.47
2,137.47
Book Value per Share
1,247.18
1,260.21
1,302.22
1,341.22
1,513.11
1,568.22
1,619.53
1,600.76
1,623.19
1,562.93
1,620.47
1,668.6
1,687.92
1,868.27
1,934.53
2,091.04
2,091.04
Tangible Book Value per Share
43
43
43
43
43
43
42
42
43
43
43
42
40
39
38
37
37
Basic Weighted Avg Shares
58,553
57,365
58,189
57,546
57,667
57,823
58,133
58,895
57,997
57,021
54,792
58,492
65,013
69,297
64,796
68,696
- -
Sales/Revenue/Turnover
4.02
3.35
2.39
3.09
3.62
3.48
3.75
2.69
2.72
2.83
3.45
3.81
2.32
1.32
0.83
0.08
- -
Operating Margin (%)
2,710
2,639
2,370
2,215
2,375
2,455
2,333
2,416
2,512
2,339
2,370
2,409
2,382
2,624
2,514
2,312
- -
Depreciation Expense
1,283
1,188
841
1,091
1,394
1,362
1,513
1,223
1,324
1,340
1,642
1,975
1,260
1,811
2,703
5,032
- -
Net Income, GAAP
42.72
42.66
40.35
41.72
34.83
37.01
30.99
31.47
32.23
32.88
28.76
36.02
33.91
31.18
31.58
28.71
- -
Effective Tax Rate (%)
2.19
2.07
1.45
1.9
2.42
2.36
2.6
2.08
2.28
2.35
3
3.38
1.94
2.61
4.17
7.33
- -
Profit Margin (%)
28,019
28,823
29,416
29,034
29,364
30,151
30,831
27,952
28,855
29,173
29,444
32,326
31,330
31,377
34,883
36,315
36,315
Working Capital
360
310
408
356
331
279
227
221
218
239
233
226
119
48
11
- -
- -
LT Debt
54,017
54,663
55,967
57,729
65,049
66,571
68,817
68,259
69,436
66,949
68,460
67,917
68,134
72,533
73,828
77,515
77,515
Total Equity
2.11
1.74
1.29
1.58
1.92
1.66
1.92
1.36
1.33
1.36
1.68
1.73
1.17
0.73
0.44
0.04
- -
Return on Invested Capital (%)
2.17
2.02
1.44
1.78
2.08
1.89
2.04
1.63
1.75
1.77
2.16
2.51
1.58
2.21
3.32
6.3
- -
Return on Capital (%)
2.37
2.19
1.52
1.92
2.27
2.07
2.24
1.78
1.92
1.97
2.43
2.9
1.85
2.57
3.69
6.65
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
ST Debt
- -
24
1,511
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
37
37
36
Market Capitalization
30,008
35,865
49,562

Working Capital

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
Total Current Assets
- -
43,838
47,665
Cash, Cash Equivalents & STI
- -
10,680
8,055
Accounts Receivable, Net
- -
8,125
7,931
Inventories
- -
17,384
30,220
Total Current Liabilities
- -
11,063
11,350
Payables & Accruals
- -
- -
- -
ST Debt
- -
24
1,511
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.57%
2.55%
4.99%
Free Cash Flow
-412.91%
-442.14%
-110.3%
Net Income, GAAP
18.71%
32.64%
86.16%
Sales/Revenue/Turnover
1.88%
4.8%
6.02%
Total Cash Common Dividend
- -
8.1%
40.97%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16,455
15,953
19,015
17,874
69,297
2025
- -
- -
- -
- -
64,796
2026
- -
- -
- -
- -
68,696

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.96
28.63
-11.81
26.53
46.14
2025
- -
- -
- -
- -
71.7
2026
- -
- -
- -
- -
136.93

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
16.94
2025
- -
- -
- -
- -
18.65
2026
- -
- -
- -
- -
26.97
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Business
Nippon Beet Sugar Manufacturing Co., Ltd. engages primarily in the manufacture and sale of sugar products, including beet sugar, refined sugar, and molasses. The company operates through multiple segments: Sugar, Food, Feed, Agricultural Materials, Real Estate, and Others. Its Food segment produces functional food products such as yeast, oligosaccharides, and medicinal yeast, while the Feed segment specializes in formula feeds for dairy and beef cattle. The Agricultural Materials segment manufactures and sells agricultural machinery and materials, and the Real Estate segment manages leasing of commercial facilities. The Others segment includes freight transportation, petroleum sales, sports facility management, and bookstore operations. Headquartered in Tokyo, Japan, the company was founded in 1919 and primarily serves the Japanese market. Recent strategic developments include a deepened partnership and investment in Norwegian Mycelium (NoMy), a company developing sustainable mycoprotein fermentation technologies. This collaboration aims to upcycle by-products from the beet sugar manufacturing process into high-quality, protein-rich food ingredients, aligning with sustainability and food security goals in Japan. The company also announced a treasury share acquisition program in 2025 as part of its corporate financial management. Additionally, Nippon Beet Sugar Manufacturing Co., Ltd. has been focused on expanding its functional food products such as difructose anhydride III, which is used to improve mineral absorption and immunity in livestock, projecting significant growth in the animal feed sector. Through its diversified product portfolio, including sugar products, functional foods, feeds, agricultural equipment, and real estate, Nippon Beet Sugar Manufacturing maintains a significant presence in Japan’s agricultural and food processing industries. It continues to pursue innovation in sustainable agriculture and animal nutrition, with a strategic focus on expanding its feed business and biotechnology partnerships to enhance long-term growth and market competitiveness.