View Future GrowthBelc 過去の業績過去 基準チェック /26Belcは、平均年間8.3%の収益成長を遂げていますが、 Consumer Retailing業界の収益は、年間 成長しています。収益は、平均年間11% 8.8%収益成長率で 成長しています。 Belcの自己資本利益率は10.1%であり、純利益率は2.9%です。主要情報8.31%収益成長率8.35%EPS成長率Consumer Retailing 業界の成長7.83%収益成長率8.79%株主資本利益率10.07%ネット・マージン2.86%次回の業績アップデート09 Oct 2026最近の業績更新お知らせ • Aug 03Belc CO., LTD. to Report Q2, 2027 Results on Oct 09, 2026Belc CO., LTD. announced that they will report Q2, 2027 results on Oct 09, 2026Reported Earnings • Jul 12First quarter 2027 earnings released: EPS: JP¥110 (vs JP¥131 in 1Q 2026)First quarter 2027 results: EPS: JP¥110 (down from JP¥131 in 1Q 2026). Revenue: JP¥107.7b (up 3.9% from 1Q 2026). Net income: JP¥2.29b (down 16% from 1Q 2026). Profit margin: 2.1% (down from 2.6% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • May 09Belc CO., LTD. to Report Q1, 2027 Results on Jul 10, 2026Belc CO., LTD. announced that they will report Q1, 2027 results on Jul 10, 2026Reported Earnings • Apr 11Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥609 (up from JP¥594 in FY 2025). Revenue: JP¥423.4b (up 9.2% from FY 2025). Net income: JP¥12.7b (up 2.4% from FY 2025). Profit margin: 3.0% (down from 3.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year.お知らせ • Apr 03Belc CO., LTD. to Report Fiscal Year 2026 Results on Apr 10, 2026Belc CO., LTD. announced that they will report fiscal year 2026 results on Apr 10, 2026Reported Earnings • Jan 10Third quarter 2026 earnings released: EPS: JP¥119 (vs JP¥118 in 3Q 2025)Third quarter 2026 results: EPS: JP¥119 (up from JP¥118 in 3Q 2025). Revenue: JP¥104.7b (up 8.9% from 3Q 2025). Net income: JP¥2.48b (up 1.0% from 3Q 2025). Profit margin: 2.4% (down from 2.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year.すべての更新を表示Recent updatesお知らせ • Aug 03Belc CO., LTD. to Report Q2, 2027 Results on Oct 09, 2026Belc CO., LTD. announced that they will report Q2, 2027 results on Oct 09, 2026Reported Earnings • Jul 12First quarter 2027 earnings released: EPS: JP¥110 (vs JP¥131 in 1Q 2026)First quarter 2027 results: EPS: JP¥110 (down from JP¥131 in 1Q 2026). Revenue: JP¥107.7b (up 3.9% from 1Q 2026). Net income: JP¥2.29b (down 16% from 1Q 2026). Profit margin: 2.1% (down from 2.6% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Declared Dividend • Jun 12Final dividend of JP¥66.00 announcedShareholders will receive a dividend of JP¥66.00. Ex-date: 28th August 2026 Payment date: 4th November 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.0% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • Jun 06Price target decreased by 7.4% to JP¥7,500Down from JP¥8,100, the current price target is an average from 2 analysts. New target price is 21% above last closing price of JP¥6,180. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥603 for next year compared to JP¥609 last year.お知らせ • May 09Belc CO., LTD. to Report Q1, 2027 Results on Jul 10, 2026Belc CO., LTD. announced that they will report Q1, 2027 results on Jul 10, 2026Reported Earnings • Apr 11Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥609 (up from JP¥594 in FY 2025). Revenue: JP¥423.4b (up 9.2% from FY 2025). Net income: JP¥12.7b (up 2.4% from FY 2025). Profit margin: 3.0% (down from 3.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year.お知らせ • Apr 11Belc CO., LTD., Annual General Meeting, May 21, 2026Belc CO., LTD., Annual General Meeting, May 21, 2026.お知らせ • Apr 03Belc CO., LTD. to Report Fiscal Year 2026 Results on Apr 10, 2026Belc CO., LTD. announced that they will report fiscal year 2026 results on Apr 10, 2026New Risk • Mar 03New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 177% Dividend yield: 1.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Upcoming Dividend • Feb 19Upcoming dividend of JP¥62.00 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 21% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.5%).分析記事 • Jan 26Does Belc (TSE:9974) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Jan 10Third quarter 2026 earnings released: EPS: JP¥119 (vs JP¥118 in 3Q 2025)Third quarter 2026 results: EPS: JP¥119 (up from JP¥118 in 3Q 2025). Revenue: JP¥104.7b (up 8.9% from 3Q 2025). Net income: JP¥2.48b (up 1.0% from 3Q 2025). Profit margin: 2.4% (down from 2.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year.Declared Dividend • Nov 05First half dividend of JP¥62.00 announcedShareholders will receive a dividend of JP¥62.00. Ex-date: 26th February 2026 Payment date: 25th May 2026 Dividend yield will be 1.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not covered by cash flows (177% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Nov 01Belc CO., LTD. to Report Q3, 2026 Results on Jan 09, 2026Belc CO., LTD. announced that they will report Q3, 2026 results on Jan 09, 2026Reported Earnings • Oct 11Second quarter 2026 earnings released: EPS: JP¥164 (vs JP¥171 in 2Q 2025)Second quarter 2026 results: EPS: JP¥164 (down from JP¥171 in 2Q 2025). Revenue: JP¥107.3b (up 12% from 2Q 2025). Net income: JP¥3.41b (down 4.0% from 2Q 2025). Profit margin: 3.2% (down from 3.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.お知らせ • Oct 10Belc CO., LTD. Announces Dividend for the End of Second Quarter of Fiscal Year Ending February 28, 2026, Payable on November 4, 2025Belc CO., LTD. announced dividend of JPY 62.00 per share for the end of second quarter of fiscal year ending February 28, 2026 compared to JPY 58.00 per share a year ago. Scheduled date of commencing dividend payments: November 4, 2025.分析記事 • Oct 03Does Belc (TSE:9974) Deserve A Spot On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Upcoming Dividend • Aug 21Upcoming dividend of JP¥62.00 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 04 November 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.6%).分析記事 • Jul 31Belc (TSE:9974) Has Announced A Dividend Of ¥62.00Belc CO., LTD. ( TSE:9974 ) has announced that it will pay a dividend of ¥62.00 per share on the 4th of November. This...お知らせ • Jul 29Belc CO., LTD. to Report Q2, 2026 Results on Oct 10, 2025Belc CO., LTD. announced that they will report Q2, 2026 results on Oct 10, 2025分析記事 • Jul 17Belc (TSE:9974) Is Due To Pay A Dividend Of ¥62.00The board of Belc CO., LTD. ( TSE:9974 ) has announced that it will pay a dividend of ¥62.00 per share on the 4th of...Reported Earnings • Jul 14First quarter 2026 earnings released: EPS: JP¥131 (vs JP¥125 in 1Q 2025)First quarter 2026 results: EPS: JP¥131 (up from JP¥125 in 1Q 2025). Revenue: JP¥103.7b (up 11% from 1Q 2025). Net income: JP¥2.73b (up 4.5% from 1Q 2025). Profit margin: 2.6% (down from 2.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year.分析記事 • Jul 02Belc (TSE:9974) Will Pay A Dividend Of ¥62.00The board of Belc CO., LTD. ( TSE:9974 ) has announced that it will pay a dividend of ¥62.00 per share on the 4th of...お知らせ • Jun 25Belc CO., LTD. Announces Kanji Ueda as Director; General Manager of Development Control Department and General Manager of Store Planning Department from Director; General Manager of Development Control Department, Effective July 1, 2025Belc CO., LTD. announced that at a meeting held on June 23, 2025, the Board of Directors passed a resolution on changes in officers. Personnel affairs of officers (Effective July 1, 2025). Name: Kanji Ueda. New Position: Director; General Manager of Development Control Department and General Manager of Store Planning Department. Former Position: Director; General Manager of Development Control Department.分析記事 • Jun 18Belc (TSE:9974) Is Due To Pay A Dividend Of ¥62.00Belc CO., LTD. ( TSE:9974 ) will pay a dividend of ¥62.00 on the 4th of November. Based on this payment, the dividend...Declared Dividend • Jun 18Final dividend of JP¥62.00 announcedShareholders will receive a dividend of JP¥62.00. Ex-date: 28th August 2025 Payment date: 4th November 2025 Dividend yield will be 1.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (20% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 26Belc CO., LTD. to Report Q1, 2026 Results on Jul 10, 2025Belc CO., LTD. announced that they will report Q1, 2026 results on Jul 10, 2025Reported Earnings • Apr 11Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥594 (up from JP¥512 in FY 2024). Revenue: JP¥387.8b (up 10% from FY 2024). Net income: JP¥12.4b (up 16% from FY 2024). Profit margin: 3.2% (up from 3.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 1.5% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year.お知らせ • Apr 10+ 4 more updatesBelc CO., LTD., Annual General Meeting, May 22, 2025Belc CO., LTD., Annual General Meeting, May 22, 2025.分析記事 • Mar 05Returns At Belc (TSE:9974) Appear To Be Weighed DownWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Upcoming Dividend • Feb 20Upcoming dividend of JP¥58.00 per shareEligible shareholders must have bought the stock before 27 February 2025. Payment date: 26 May 2025. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).お知らせ • Feb 03Belc CO., LTD. to Report Fiscal Year 2025 Results on Apr 10, 2025Belc CO., LTD. announced that they will report fiscal year 2025 results on Apr 10, 2025Reported Earnings • Jan 12Third quarter 2025 earnings released: EPS: JP¥118 (vs JP¥117 in 3Q 2024)Third quarter 2025 results: EPS: JP¥118 (up from JP¥117 in 3Q 2024). Revenue: JP¥96.2b (up 9.0% from 3Q 2024). Net income: JP¥2.45b (flat on 3Q 2024). Profit margin: 2.6% (down from 2.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.Declared Dividend • Nov 02First half dividend of JP¥58.00 announcedShareholders will receive a dividend of JP¥58.00. Ex-date: 27th February 2025 Payment date: 26th May 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 26Belc CO., LTD. to Report Q3, 2025 Results on Jan 10, 2025Belc CO., LTD. announced that they will report Q3, 2025 results on Jan 10, 2025分析記事 • Oct 12Analysts Have Made A Financial Statement On Belc CO., LTD.'s (TSE:9974) Half-Year ReportIt's been a good week for Belc CO., LTD. ( TSE:9974 ) shareholders, because the company has just released its latest...Reported Earnings • Oct 12Second quarter 2025 earnings released: EPS: JP¥171 (vs JP¥185 in 2Q 2024)Second quarter 2025 results: EPS: JP¥171 (down from JP¥185 in 2Q 2024). Revenue: JP¥96.2b (up 10% from 2Q 2024). Net income: JP¥3.56b (down 7.7% from 2Q 2024). Profit margin: 3.7% (down from 4.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year.お知らせ • Oct 10Belc Co., Ltd. Announces Dividend for the Second Quarter of Fiscal Year Ending February 28, 2025, Payable on November 1, 2024Belc CO., LTD. announced dividend of JPY 58.00 per share against JPY 50.00 per share a year ago for the second quarter of Fiscal year ending February 28, 2025. Scheduled date of commencing dividend payments: November 1, 2024.Upcoming Dividend • Aug 22Upcoming dividend of JP¥58.00 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 01 November 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).分析記事 • Aug 06Belc CO., LTD. (TSE:9974) Shares Slammed 32% But Getting In Cheap Might Be Difficult RegardlessBelc CO., LTD. ( TSE:9974 ) shareholders that were waiting for something to happen have been dealt a blow with a 32...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥5,090, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Consumer Retailing industry in Japan. Total loss to shareholders of 5.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥9,332 per share.分析記事 • Aug 05Belc (TSE:9974) Will Pay A Dividend Of ¥58.00Belc CO., LTD.'s ( TSE:9974 ) investors are due to receive a payment of ¥58.00 per share on 1st of November. Based on...お知らせ • Jul 27Belc CO., LTD. to Report Q2, 2025 Results on Oct 10, 2024Belc CO., LTD. announced that they will report Q2, 2025 results on Oct 10, 2024分析記事 • Jul 22Belc (TSE:9974) Will Pay A Dividend Of ¥58.00The board of Belc CO., LTD. ( TSE:9974 ) has announced that it will pay a dividend of ¥58.00 per share on the 1st of...分析記事 • Jul 12Belc (TSE:9974) Has More To Do To Multiply In Value Going ForwardIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...Reported Earnings • Jul 11First quarter 2025 earnings released: EPS: JP¥125 (vs JP¥144 in 1Q 2024)First quarter 2025 results: EPS: JP¥125 (down from JP¥144 in 1Q 2024). Revenue: JP¥93.5b (up 13% from 1Q 2024). Net income: JP¥2.61b (down 13% from 1Q 2024). Profit margin: 2.8% (down from 3.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.Valuation Update With 7 Day Price Move • Jul 11Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥6,360, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Consumer Retailing industry in Japan. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥11,686 per share.分析記事 • Jun 20Belc (TSE:9974) Has Announced A Dividend Of ¥58.00Belc CO., LTD. ( TSE:9974 ) will pay a dividend of ¥58.00 on the 1st of November. The payment will take the dividend...分析記事 • Jun 06Belc (TSE:9974) Will Pay A Dividend Of ¥58.00The board of Belc CO., LTD. ( TSE:9974 ) has announced that it will pay a dividend of ¥58.00 per share on the 1st of...Declared Dividend • Jun 06Final dividend of JP¥58.00 announcedShareholders will receive a dividend of JP¥58.00. Ex-date: 29th August 2024 Payment date: 1st November 2024 Dividend yield will be 1.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (17% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • May 15Price target increased by 7.4% to JP¥8,667Up from JP¥8,067, the current price target is an average from 3 analysts. New target price is 18% above last closing price of JP¥7,320. Stock is up 16% over the past year. The company is forecast to post earnings per share of JP¥573 for next year compared to JP¥512 last year.お知らせ • Apr 29Belc CO., LTD. to Report Q1, 2025 Results on Jul 10, 2024Belc CO., LTD. announced that they will report Q1, 2025 results on Jul 10, 2024分析記事 • Apr 13Belc CO., LTD.'s (TSE:9974) Price Is Out Of Tune With EarningsWith a median price-to-earnings (or "P/E") ratio of close to 15x in Japan, you could be forgiven for feeling...Reported Earnings • Apr 12Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: JP¥512 (up from JP¥461 in FY 2023). Revenue: JP¥351.9b (up 13% from FY 2023). Net income: JP¥10.7b (up 11% from FY 2023). Profit margin: 3.0% (down from 3.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year.お知らせ • Apr 11+ 3 more updatesBelc CO., LTD., Annual General Meeting, May 23, 2024Belc CO., LTD., Annual General Meeting, May 23, 2024.分析記事 • Mar 12If EPS Growth Is Important To You, Belc (TSE:9974) Presents An OpportunityIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Upcoming Dividend • Feb 21Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.5%).お知らせ • Jan 31Belc CO., LTD. to Report Fiscal Year 2024 Results on Apr 11, 2024Belc CO., LTD. announced that they will report fiscal year 2024 results on Apr 11, 2024Reported Earnings • Jan 12Third quarter 2024 earnings released: EPS: JP¥117 (vs JP¥91.59 in 3Q 2023)Third quarter 2024 results: EPS: JP¥117 (up from JP¥91.59 in 3Q 2023). Revenue: JP¥88.2b (up 15% from 3Q 2023). Net income: JP¥2.43b (up 27% from 3Q 2023). Profit margin: 2.8% (up from 2.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 10+ 1 more updateBelc Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending February 29, 2024Belc CO., LTD. provided dividend guidance for the fiscal year ending February 29, 2024. For the year-end, the company expects to pay dividend of JPY 50.00 per share against JPY 49.00 per share paid a year ago.お知らせ • Oct 31Belc CO., LTD. to Report Q3, 2024 Results on Jan 10, 2024Belc CO., LTD. announced that they will report Q3, 2024 results on Jan 10, 2024Reported Earnings • Oct 12Second quarter 2024 earnings released: EPS: JP¥185 (vs JP¥134 in 2Q 2023)Second quarter 2024 results: EPS: JP¥185 (up from JP¥134 in 2Q 2023). Revenue: JP¥87.1b (up 14% from 2Q 2023). Net income: JP¥3.85b (up 38% from 2Q 2023). Profit margin: 4.4% (up from 3.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Oct 11Belc CO., LTD. Announces Dividend for the Second Quarter-End of the Fiscal Year Ending February 29, 2024, Payable on November 1, 2023 and Provides Dividend Guidance for the Fiscal Year Ending February 29, 2024Belc CO., LTD. announced dividend of JPY 50.00 per share for the second quarter-end of the fiscal year ending February 29, 2024 against JPY 45.00 per share paid a year ago. Scheduled date of commencing dividend payments is November 1, 2023.The company provided dividend guidance for the fiscal year ending February 29, 2024. For the year-end, the company expects to pay dividend of JPY 50.00 per share against JPY 49.00 per share paid a year ago.Upcoming Dividend • Aug 23Upcoming dividend of JP¥47.00 per share at 1.4% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 01 November 2023. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%).お知らせ • Jul 30Belc CO., LTD. to Report Q2, 2024 Results on Oct 11, 2023Belc CO., LTD. announced that they will report Q2, 2024 results on Oct 11, 2023Reported Earnings • Jul 13First quarter 2024 earnings released: EPS: JP¥144 (vs JP¥99.59 in 1Q 2023)First quarter 2024 results: EPS: JP¥144 (up from JP¥99.59 in 1Q 2023). Revenue: JP¥82.9b (up 12% from 1Q 2023). Net income: JP¥3.01b (up 45% from 1Q 2023). Profit margin: 3.6% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Jul 12+ 2 more updatesBelc Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Belc CO., LTD. provided consolidated earnings guidance for the fiscal year ending February 29, 2024. On consolidated basis, The company expects Operating income to be JPY 327,381 million, Operating profit to be JPY 13,677 million, profit attributable to owners of parent to be JPY 9,231 million or JPY 442.85 per basic share.Reported Earnings • May 30Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥461 (up from JP¥440 in FY 2022). Revenue: JP¥310.8b (up 3.5% from FY 2022). Net income: JP¥9.61b (up 4.6% from FY 2022). Profit margin: 3.1% (in line with FY 2022). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 14Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥461 (up from JP¥440 in FY 2022). Revenue: JP¥310.8b (up 3.5% from FY 2022). Net income: JP¥9.61b (up 4.6% from FY 2022). Profit margin: 3.1% (in line with FY 2022). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year.Upcoming Dividend • Feb 20Upcoming dividend of JP¥45.00 per share at 1.7% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 29 May 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%).お知らせ • Feb 11Belc CO., LTD. to Report Fiscal Year 2023 Results on Apr 13, 2023Belc CO., LTD. announced that they will report fiscal year 2023 results on Apr 13, 2023Reported Earnings • Jan 07Third quarter 2023 earnings released: EPS: JP¥91.58 (vs JP¥92.97 in 3Q 2022)Third quarter 2023 results: EPS: JP¥91.58 (down from JP¥92.97 in 3Q 2022). Revenue: JP¥76.9b (up 4.2% from 3Q 2022). Net income: JP¥1.91b (down 1.6% from 3Q 2022). Profit margin: 2.5% (in line with 3Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat.お知らせ • Jan 06+ 1 more updateBelc Co., Ltd. Provides Consolidated Earnings Forecast for the Fiscal Year Ending February 28, 2023Belc CO., LTD. provided consolidated earnings forecast for the fiscal year ending February 28, 2023. For the full year, company expects Operating income to be JPY 296,166 million, Operating profit to be JPY 13,193 million, Profit attributable to owners of parent to be JPY 8,850 million and Basic earnings per share to be JPY 424.14.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. 1 independent director (7 non-independent directors). Head of Sales Operations, Head of Checker Department & Director Mitsuhiro Nakamura was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 09Second quarter 2023 earnings released: EPS: JP¥134 (vs JP¥136 in 2Q 2022)Second quarter 2023 results: EPS: JP¥134 (down from JP¥136 in 2Q 2022). Revenue: JP¥76.8b (up 1.3% from 2Q 2022). Net income: JP¥2.80b (down 1.8% from 2Q 2022). Profit margin: 3.6% (down from 3.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 08+ 1 more updateBelc CO., LTD. Provides Dividend Guidance for the Fiscal Year Ending February 28, 2023Belc CO., LTD. provided dividend guidance for the fiscal year ending February 28, 2023. For the period, the company expects a dividend of ¥45.00 per share against ¥47.00 per share paid a year ago.お知らせ • Oct 07Belc Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023Belc CO., LTD. provided consolidated earnings guidance for the fiscal year ending February 28, 2023. For the period, the company has posted an operating income of ¥296,166 million, Operating profit of ¥13,193 million, Profit attributable to owners of parent of ¥8,850 million or ¥424.14 basic per share.Upcoming Dividend • Aug 23Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 01 November 2022. Payout ratio is a comfortable 21% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%).お知らせ • Aug 04Belc CO., LTD. to Report Q2, 2023 Results on Oct 07, 2022Belc CO., LTD. announced that they will report Q2, 2023 results on Oct 07, 2022お知らせ • Jul 12+ 2 more updatesBelc CO., LTD. Provides Dividend Guidance for the Fiscal Year Ending February 28, 2023Belc CO., LTD. provided dividend guidance for the fiscal year ending February 28, 2023. For the quarter, the company expects dividend of JPY 45.00 per share against JPY 47.00 per share a year ago.Reported Earnings • Jul 10First quarter 2023 earnings released: EPS: JP¥99.59 (vs JP¥115 in 1Q 2022)First quarter 2023 results: EPS: JP¥99.59 (down from JP¥115 in 1Q 2022). Revenue: JP¥74.0b (flat on 1Q 2022). Net income: JP¥2.08b (down 14% from 1Q 2022). Profit margin: 2.8% (down from 3.3% in 1Q 2022). Over the next year, revenue is forecast to grow 1.1%, compared to a 17% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Jun 01Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥440 (up from JP¥423 in FY 2021). Revenue: JP¥300.3b (up 5.6% from FY 2021). Net income: JP¥9.19b (up 4.1% from FY 2021). Profit margin: 3.1% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%. Over the next year, revenue is forecast to stay flat compared to a 21% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • May 15Belc CO., LTD. to Report Q1, 2023 Results on Jul 08, 2022Belc CO., LTD. announced that they will report Q1, 2023 results on Jul 08, 2022Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. 1 independent director (7 non-independent directors). Head of Sales Operations, Head of Checker Department & Director Mitsuhiro Nakamura was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 15Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥440 (up from JP¥423 in FY 2021). Revenue: JP¥300.3b (up 5.6% from FY 2021). Net income: JP¥9.19b (up 4.1% from FY 2021). Profit margin: 3.1% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 2.1%, compared to a 20% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.収支内訳Belc の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TSE:9974 収益、費用、利益 ( )JPY Millions日付収益収益G+A経費研究開発費31 May 26427,46912,245102,740028 Feb 26423,43112,68192,900030 Nov 25417,67012,38499,623031 Aug 25409,13212,35990,011031 May 25398,03312,50294,524028 Feb 25387,77812,38585,153030 Nov 24379,44110,01192,510031 Aug 24371,4889,98883,695031 May 24362,40110,28381,370029 Feb 24351,85610,67778,791030 Nov 23341,30612,12074,857031 Aug 23330,02511,59873,123031 May 23319,68710,54371,191028 Feb 23310,8259,61469,660030 Nov 22305,0808,78367,791031 Aug 22301,9608,81464,357031 May 22300,9478,86461,546028 Feb 22300,2679,18758,767030 Nov 21297,5529,04558,329031 Aug 21293,5788,30058,181031 May 21287,1628,65957,143028 Feb 21284,4608,82856,377030 Nov 20273,5049,15153,841031 Aug 20263,3649,54751,414031 May 20252,7598,44749,561029 Feb 20239,4967,29647,694030 Nov 19234,3326,99247,187031 Aug 19230,5756,50646,455031 May 19228,5196,46645,824028 Feb 19225,5236,57145,164030 Nov 18223,0056,59245,032031 Aug 18219,3136,86744,082031 May 18214,5866,78043,197028 Feb 18211,3946,86242,302030 Nov 17205,8696,68941,580031 Aug 17201,4916,58940,414031 May 17197,3836,43539,232028 Feb 17193,5656,21138,223030 Nov 16190,9395,82338,063031 Aug 16187,8005,84037,264031 May 16184,8665,37436,783029 Feb 16181,0715,24236,188030 Nov 15176,2424,99935,723031 Aug 15171,5274,55135,0880質の高い収益: 9974は 高品質の収益 を持っています。利益率の向上: 9974の現在の純利益率 (2.9%)は、昨年(3.1%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 9974の収益は過去 5 年間で年間8.3%増加しました。成長の加速: 9974は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 9974は過去 1 年間で収益成長率がマイナス ( -2.1% ) となったため、 Consumer Retailing業界平均 ( 2.1% ) と比較することが困難です。株主資本利益率高いROE: 9974の 自己資本利益率 ( 10.1% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YConsumer-retailing 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/12 22:08終値2026/08/12 00:00収益2026/05/31年間収益2026/02/28データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Belc CO., LTD. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Emiri ShigeokaDaiwa Securities Co. Ltd.Seiichiro SamejimaIchiyoshi Research Institute Inc.Hideki KakuTokai Tokyo Intelligence Laboratory Co., Ltd.
お知らせ • Aug 03Belc CO., LTD. to Report Q2, 2027 Results on Oct 09, 2026Belc CO., LTD. announced that they will report Q2, 2027 results on Oct 09, 2026
Reported Earnings • Jul 12First quarter 2027 earnings released: EPS: JP¥110 (vs JP¥131 in 1Q 2026)First quarter 2027 results: EPS: JP¥110 (down from JP¥131 in 1Q 2026). Revenue: JP¥107.7b (up 3.9% from 1Q 2026). Net income: JP¥2.29b (down 16% from 1Q 2026). Profit margin: 2.1% (down from 2.6% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • May 09Belc CO., LTD. to Report Q1, 2027 Results on Jul 10, 2026Belc CO., LTD. announced that they will report Q1, 2027 results on Jul 10, 2026
Reported Earnings • Apr 11Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥609 (up from JP¥594 in FY 2025). Revenue: JP¥423.4b (up 9.2% from FY 2025). Net income: JP¥12.7b (up 2.4% from FY 2025). Profit margin: 3.0% (down from 3.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year.
お知らせ • Apr 03Belc CO., LTD. to Report Fiscal Year 2026 Results on Apr 10, 2026Belc CO., LTD. announced that they will report fiscal year 2026 results on Apr 10, 2026
Reported Earnings • Jan 10Third quarter 2026 earnings released: EPS: JP¥119 (vs JP¥118 in 3Q 2025)Third quarter 2026 results: EPS: JP¥119 (up from JP¥118 in 3Q 2025). Revenue: JP¥104.7b (up 8.9% from 3Q 2025). Net income: JP¥2.48b (up 1.0% from 3Q 2025). Profit margin: 2.4% (down from 2.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year.
お知らせ • Aug 03Belc CO., LTD. to Report Q2, 2027 Results on Oct 09, 2026Belc CO., LTD. announced that they will report Q2, 2027 results on Oct 09, 2026
Reported Earnings • Jul 12First quarter 2027 earnings released: EPS: JP¥110 (vs JP¥131 in 1Q 2026)First quarter 2027 results: EPS: JP¥110 (down from JP¥131 in 1Q 2026). Revenue: JP¥107.7b (up 3.9% from 1Q 2026). Net income: JP¥2.29b (down 16% from 1Q 2026). Profit margin: 2.1% (down from 2.6% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Declared Dividend • Jun 12Final dividend of JP¥66.00 announcedShareholders will receive a dividend of JP¥66.00. Ex-date: 28th August 2026 Payment date: 4th November 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.0% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • Jun 06Price target decreased by 7.4% to JP¥7,500Down from JP¥8,100, the current price target is an average from 2 analysts. New target price is 21% above last closing price of JP¥6,180. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥603 for next year compared to JP¥609 last year.
お知らせ • May 09Belc CO., LTD. to Report Q1, 2027 Results on Jul 10, 2026Belc CO., LTD. announced that they will report Q1, 2027 results on Jul 10, 2026
Reported Earnings • Apr 11Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥609 (up from JP¥594 in FY 2025). Revenue: JP¥423.4b (up 9.2% from FY 2025). Net income: JP¥12.7b (up 2.4% from FY 2025). Profit margin: 3.0% (down from 3.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year.
お知らせ • Apr 11Belc CO., LTD., Annual General Meeting, May 21, 2026Belc CO., LTD., Annual General Meeting, May 21, 2026.
お知らせ • Apr 03Belc CO., LTD. to Report Fiscal Year 2026 Results on Apr 10, 2026Belc CO., LTD. announced that they will report fiscal year 2026 results on Apr 10, 2026
New Risk • Mar 03New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 177% Dividend yield: 1.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Feb 19Upcoming dividend of JP¥62.00 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 21% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.5%).
分析記事 • Jan 26Does Belc (TSE:9974) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Jan 10Third quarter 2026 earnings released: EPS: JP¥119 (vs JP¥118 in 3Q 2025)Third quarter 2026 results: EPS: JP¥119 (up from JP¥118 in 3Q 2025). Revenue: JP¥104.7b (up 8.9% from 3Q 2025). Net income: JP¥2.48b (up 1.0% from 3Q 2025). Profit margin: 2.4% (down from 2.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year.
Declared Dividend • Nov 05First half dividend of JP¥62.00 announcedShareholders will receive a dividend of JP¥62.00. Ex-date: 26th February 2026 Payment date: 25th May 2026 Dividend yield will be 1.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not covered by cash flows (177% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 01Belc CO., LTD. to Report Q3, 2026 Results on Jan 09, 2026Belc CO., LTD. announced that they will report Q3, 2026 results on Jan 09, 2026
Reported Earnings • Oct 11Second quarter 2026 earnings released: EPS: JP¥164 (vs JP¥171 in 2Q 2025)Second quarter 2026 results: EPS: JP¥164 (down from JP¥171 in 2Q 2025). Revenue: JP¥107.3b (up 12% from 2Q 2025). Net income: JP¥3.41b (down 4.0% from 2Q 2025). Profit margin: 3.2% (down from 3.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.
お知らせ • Oct 10Belc CO., LTD. Announces Dividend for the End of Second Quarter of Fiscal Year Ending February 28, 2026, Payable on November 4, 2025Belc CO., LTD. announced dividend of JPY 62.00 per share for the end of second quarter of fiscal year ending February 28, 2026 compared to JPY 58.00 per share a year ago. Scheduled date of commencing dividend payments: November 4, 2025.
分析記事 • Oct 03Does Belc (TSE:9974) Deserve A Spot On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Upcoming Dividend • Aug 21Upcoming dividend of JP¥62.00 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 04 November 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.6%).
分析記事 • Jul 31Belc (TSE:9974) Has Announced A Dividend Of ¥62.00Belc CO., LTD. ( TSE:9974 ) has announced that it will pay a dividend of ¥62.00 per share on the 4th of November. This...
お知らせ • Jul 29Belc CO., LTD. to Report Q2, 2026 Results on Oct 10, 2025Belc CO., LTD. announced that they will report Q2, 2026 results on Oct 10, 2025
分析記事 • Jul 17Belc (TSE:9974) Is Due To Pay A Dividend Of ¥62.00The board of Belc CO., LTD. ( TSE:9974 ) has announced that it will pay a dividend of ¥62.00 per share on the 4th of...
Reported Earnings • Jul 14First quarter 2026 earnings released: EPS: JP¥131 (vs JP¥125 in 1Q 2025)First quarter 2026 results: EPS: JP¥131 (up from JP¥125 in 1Q 2025). Revenue: JP¥103.7b (up 11% from 1Q 2025). Net income: JP¥2.73b (up 4.5% from 1Q 2025). Profit margin: 2.6% (down from 2.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year.
分析記事 • Jul 02Belc (TSE:9974) Will Pay A Dividend Of ¥62.00The board of Belc CO., LTD. ( TSE:9974 ) has announced that it will pay a dividend of ¥62.00 per share on the 4th of...
お知らせ • Jun 25Belc CO., LTD. Announces Kanji Ueda as Director; General Manager of Development Control Department and General Manager of Store Planning Department from Director; General Manager of Development Control Department, Effective July 1, 2025Belc CO., LTD. announced that at a meeting held on June 23, 2025, the Board of Directors passed a resolution on changes in officers. Personnel affairs of officers (Effective July 1, 2025). Name: Kanji Ueda. New Position: Director; General Manager of Development Control Department and General Manager of Store Planning Department. Former Position: Director; General Manager of Development Control Department.
分析記事 • Jun 18Belc (TSE:9974) Is Due To Pay A Dividend Of ¥62.00Belc CO., LTD. ( TSE:9974 ) will pay a dividend of ¥62.00 on the 4th of November. Based on this payment, the dividend...
Declared Dividend • Jun 18Final dividend of JP¥62.00 announcedShareholders will receive a dividend of JP¥62.00. Ex-date: 28th August 2025 Payment date: 4th November 2025 Dividend yield will be 1.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (20% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 26Belc CO., LTD. to Report Q1, 2026 Results on Jul 10, 2025Belc CO., LTD. announced that they will report Q1, 2026 results on Jul 10, 2025
Reported Earnings • Apr 11Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥594 (up from JP¥512 in FY 2024). Revenue: JP¥387.8b (up 10% from FY 2024). Net income: JP¥12.4b (up 16% from FY 2024). Profit margin: 3.2% (up from 3.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 1.5% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year.
お知らせ • Apr 10+ 4 more updatesBelc CO., LTD., Annual General Meeting, May 22, 2025Belc CO., LTD., Annual General Meeting, May 22, 2025.
分析記事 • Mar 05Returns At Belc (TSE:9974) Appear To Be Weighed DownWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Upcoming Dividend • Feb 20Upcoming dividend of JP¥58.00 per shareEligible shareholders must have bought the stock before 27 February 2025. Payment date: 26 May 2025. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).
お知らせ • Feb 03Belc CO., LTD. to Report Fiscal Year 2025 Results on Apr 10, 2025Belc CO., LTD. announced that they will report fiscal year 2025 results on Apr 10, 2025
Reported Earnings • Jan 12Third quarter 2025 earnings released: EPS: JP¥118 (vs JP¥117 in 3Q 2024)Third quarter 2025 results: EPS: JP¥118 (up from JP¥117 in 3Q 2024). Revenue: JP¥96.2b (up 9.0% from 3Q 2024). Net income: JP¥2.45b (flat on 3Q 2024). Profit margin: 2.6% (down from 2.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.
Declared Dividend • Nov 02First half dividend of JP¥58.00 announcedShareholders will receive a dividend of JP¥58.00. Ex-date: 27th February 2025 Payment date: 26th May 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 26Belc CO., LTD. to Report Q3, 2025 Results on Jan 10, 2025Belc CO., LTD. announced that they will report Q3, 2025 results on Jan 10, 2025
分析記事 • Oct 12Analysts Have Made A Financial Statement On Belc CO., LTD.'s (TSE:9974) Half-Year ReportIt's been a good week for Belc CO., LTD. ( TSE:9974 ) shareholders, because the company has just released its latest...
Reported Earnings • Oct 12Second quarter 2025 earnings released: EPS: JP¥171 (vs JP¥185 in 2Q 2024)Second quarter 2025 results: EPS: JP¥171 (down from JP¥185 in 2Q 2024). Revenue: JP¥96.2b (up 10% from 2Q 2024). Net income: JP¥3.56b (down 7.7% from 2Q 2024). Profit margin: 3.7% (down from 4.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year.
お知らせ • Oct 10Belc Co., Ltd. Announces Dividend for the Second Quarter of Fiscal Year Ending February 28, 2025, Payable on November 1, 2024Belc CO., LTD. announced dividend of JPY 58.00 per share against JPY 50.00 per share a year ago for the second quarter of Fiscal year ending February 28, 2025. Scheduled date of commencing dividend payments: November 1, 2024.
Upcoming Dividend • Aug 22Upcoming dividend of JP¥58.00 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 01 November 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).
分析記事 • Aug 06Belc CO., LTD. (TSE:9974) Shares Slammed 32% But Getting In Cheap Might Be Difficult RegardlessBelc CO., LTD. ( TSE:9974 ) shareholders that were waiting for something to happen have been dealt a blow with a 32...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥5,090, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Consumer Retailing industry in Japan. Total loss to shareholders of 5.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥9,332 per share.
分析記事 • Aug 05Belc (TSE:9974) Will Pay A Dividend Of ¥58.00Belc CO., LTD.'s ( TSE:9974 ) investors are due to receive a payment of ¥58.00 per share on 1st of November. Based on...
お知らせ • Jul 27Belc CO., LTD. to Report Q2, 2025 Results on Oct 10, 2024Belc CO., LTD. announced that they will report Q2, 2025 results on Oct 10, 2024
分析記事 • Jul 22Belc (TSE:9974) Will Pay A Dividend Of ¥58.00The board of Belc CO., LTD. ( TSE:9974 ) has announced that it will pay a dividend of ¥58.00 per share on the 1st of...
分析記事 • Jul 12Belc (TSE:9974) Has More To Do To Multiply In Value Going ForwardIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Reported Earnings • Jul 11First quarter 2025 earnings released: EPS: JP¥125 (vs JP¥144 in 1Q 2024)First quarter 2025 results: EPS: JP¥125 (down from JP¥144 in 1Q 2024). Revenue: JP¥93.5b (up 13% from 1Q 2024). Net income: JP¥2.61b (down 13% from 1Q 2024). Profit margin: 2.8% (down from 3.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥6,360, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Consumer Retailing industry in Japan. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥11,686 per share.
分析記事 • Jun 20Belc (TSE:9974) Has Announced A Dividend Of ¥58.00Belc CO., LTD. ( TSE:9974 ) will pay a dividend of ¥58.00 on the 1st of November. The payment will take the dividend...
分析記事 • Jun 06Belc (TSE:9974) Will Pay A Dividend Of ¥58.00The board of Belc CO., LTD. ( TSE:9974 ) has announced that it will pay a dividend of ¥58.00 per share on the 1st of...
Declared Dividend • Jun 06Final dividend of JP¥58.00 announcedShareholders will receive a dividend of JP¥58.00. Ex-date: 29th August 2024 Payment date: 1st November 2024 Dividend yield will be 1.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (17% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • May 15Price target increased by 7.4% to JP¥8,667Up from JP¥8,067, the current price target is an average from 3 analysts. New target price is 18% above last closing price of JP¥7,320. Stock is up 16% over the past year. The company is forecast to post earnings per share of JP¥573 for next year compared to JP¥512 last year.
お知らせ • Apr 29Belc CO., LTD. to Report Q1, 2025 Results on Jul 10, 2024Belc CO., LTD. announced that they will report Q1, 2025 results on Jul 10, 2024
分析記事 • Apr 13Belc CO., LTD.'s (TSE:9974) Price Is Out Of Tune With EarningsWith a median price-to-earnings (or "P/E") ratio of close to 15x in Japan, you could be forgiven for feeling...
Reported Earnings • Apr 12Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: JP¥512 (up from JP¥461 in FY 2023). Revenue: JP¥351.9b (up 13% from FY 2023). Net income: JP¥10.7b (up 11% from FY 2023). Profit margin: 3.0% (down from 3.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year.
お知らせ • Apr 11+ 3 more updatesBelc CO., LTD., Annual General Meeting, May 23, 2024Belc CO., LTD., Annual General Meeting, May 23, 2024.
分析記事 • Mar 12If EPS Growth Is Important To You, Belc (TSE:9974) Presents An OpportunityIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Upcoming Dividend • Feb 21Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.5%).
お知らせ • Jan 31Belc CO., LTD. to Report Fiscal Year 2024 Results on Apr 11, 2024Belc CO., LTD. announced that they will report fiscal year 2024 results on Apr 11, 2024
Reported Earnings • Jan 12Third quarter 2024 earnings released: EPS: JP¥117 (vs JP¥91.59 in 3Q 2023)Third quarter 2024 results: EPS: JP¥117 (up from JP¥91.59 in 3Q 2023). Revenue: JP¥88.2b (up 15% from 3Q 2023). Net income: JP¥2.43b (up 27% from 3Q 2023). Profit margin: 2.8% (up from 2.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 10+ 1 more updateBelc Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending February 29, 2024Belc CO., LTD. provided dividend guidance for the fiscal year ending February 29, 2024. For the year-end, the company expects to pay dividend of JPY 50.00 per share against JPY 49.00 per share paid a year ago.
お知らせ • Oct 31Belc CO., LTD. to Report Q3, 2024 Results on Jan 10, 2024Belc CO., LTD. announced that they will report Q3, 2024 results on Jan 10, 2024
Reported Earnings • Oct 12Second quarter 2024 earnings released: EPS: JP¥185 (vs JP¥134 in 2Q 2023)Second quarter 2024 results: EPS: JP¥185 (up from JP¥134 in 2Q 2023). Revenue: JP¥87.1b (up 14% from 2Q 2023). Net income: JP¥3.85b (up 38% from 2Q 2023). Profit margin: 4.4% (up from 3.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Oct 11Belc CO., LTD. Announces Dividend for the Second Quarter-End of the Fiscal Year Ending February 29, 2024, Payable on November 1, 2023 and Provides Dividend Guidance for the Fiscal Year Ending February 29, 2024Belc CO., LTD. announced dividend of JPY 50.00 per share for the second quarter-end of the fiscal year ending February 29, 2024 against JPY 45.00 per share paid a year ago. Scheduled date of commencing dividend payments is November 1, 2023.The company provided dividend guidance for the fiscal year ending February 29, 2024. For the year-end, the company expects to pay dividend of JPY 50.00 per share against JPY 49.00 per share paid a year ago.
Upcoming Dividend • Aug 23Upcoming dividend of JP¥47.00 per share at 1.4% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 01 November 2023. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%).
お知らせ • Jul 30Belc CO., LTD. to Report Q2, 2024 Results on Oct 11, 2023Belc CO., LTD. announced that they will report Q2, 2024 results on Oct 11, 2023
Reported Earnings • Jul 13First quarter 2024 earnings released: EPS: JP¥144 (vs JP¥99.59 in 1Q 2023)First quarter 2024 results: EPS: JP¥144 (up from JP¥99.59 in 1Q 2023). Revenue: JP¥82.9b (up 12% from 1Q 2023). Net income: JP¥3.01b (up 45% from 1Q 2023). Profit margin: 3.6% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Jul 12+ 2 more updatesBelc Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Belc CO., LTD. provided consolidated earnings guidance for the fiscal year ending February 29, 2024. On consolidated basis, The company expects Operating income to be JPY 327,381 million, Operating profit to be JPY 13,677 million, profit attributable to owners of parent to be JPY 9,231 million or JPY 442.85 per basic share.
Reported Earnings • May 30Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥461 (up from JP¥440 in FY 2022). Revenue: JP¥310.8b (up 3.5% from FY 2022). Net income: JP¥9.61b (up 4.6% from FY 2022). Profit margin: 3.1% (in line with FY 2022). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 14Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥461 (up from JP¥440 in FY 2022). Revenue: JP¥310.8b (up 3.5% from FY 2022). Net income: JP¥9.61b (up 4.6% from FY 2022). Profit margin: 3.1% (in line with FY 2022). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year.
Upcoming Dividend • Feb 20Upcoming dividend of JP¥45.00 per share at 1.7% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 29 May 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%).
お知らせ • Feb 11Belc CO., LTD. to Report Fiscal Year 2023 Results on Apr 13, 2023Belc CO., LTD. announced that they will report fiscal year 2023 results on Apr 13, 2023
Reported Earnings • Jan 07Third quarter 2023 earnings released: EPS: JP¥91.58 (vs JP¥92.97 in 3Q 2022)Third quarter 2023 results: EPS: JP¥91.58 (down from JP¥92.97 in 3Q 2022). Revenue: JP¥76.9b (up 4.2% from 3Q 2022). Net income: JP¥1.91b (down 1.6% from 3Q 2022). Profit margin: 2.5% (in line with 3Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat.
お知らせ • Jan 06+ 1 more updateBelc Co., Ltd. Provides Consolidated Earnings Forecast for the Fiscal Year Ending February 28, 2023Belc CO., LTD. provided consolidated earnings forecast for the fiscal year ending February 28, 2023. For the full year, company expects Operating income to be JPY 296,166 million, Operating profit to be JPY 13,193 million, Profit attributable to owners of parent to be JPY 8,850 million and Basic earnings per share to be JPY 424.14.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. 1 independent director (7 non-independent directors). Head of Sales Operations, Head of Checker Department & Director Mitsuhiro Nakamura was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 09Second quarter 2023 earnings released: EPS: JP¥134 (vs JP¥136 in 2Q 2022)Second quarter 2023 results: EPS: JP¥134 (down from JP¥136 in 2Q 2022). Revenue: JP¥76.8b (up 1.3% from 2Q 2022). Net income: JP¥2.80b (down 1.8% from 2Q 2022). Profit margin: 3.6% (down from 3.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 08+ 1 more updateBelc CO., LTD. Provides Dividend Guidance for the Fiscal Year Ending February 28, 2023Belc CO., LTD. provided dividend guidance for the fiscal year ending February 28, 2023. For the period, the company expects a dividend of ¥45.00 per share against ¥47.00 per share paid a year ago.
お知らせ • Oct 07Belc Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023Belc CO., LTD. provided consolidated earnings guidance for the fiscal year ending February 28, 2023. For the period, the company has posted an operating income of ¥296,166 million, Operating profit of ¥13,193 million, Profit attributable to owners of parent of ¥8,850 million or ¥424.14 basic per share.
Upcoming Dividend • Aug 23Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 01 November 2022. Payout ratio is a comfortable 21% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%).
お知らせ • Aug 04Belc CO., LTD. to Report Q2, 2023 Results on Oct 07, 2022Belc CO., LTD. announced that they will report Q2, 2023 results on Oct 07, 2022
お知らせ • Jul 12+ 2 more updatesBelc CO., LTD. Provides Dividend Guidance for the Fiscal Year Ending February 28, 2023Belc CO., LTD. provided dividend guidance for the fiscal year ending February 28, 2023. For the quarter, the company expects dividend of JPY 45.00 per share against JPY 47.00 per share a year ago.
Reported Earnings • Jul 10First quarter 2023 earnings released: EPS: JP¥99.59 (vs JP¥115 in 1Q 2022)First quarter 2023 results: EPS: JP¥99.59 (down from JP¥115 in 1Q 2022). Revenue: JP¥74.0b (flat on 1Q 2022). Net income: JP¥2.08b (down 14% from 1Q 2022). Profit margin: 2.8% (down from 3.3% in 1Q 2022). Over the next year, revenue is forecast to grow 1.1%, compared to a 17% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Jun 01Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥440 (up from JP¥423 in FY 2021). Revenue: JP¥300.3b (up 5.6% from FY 2021). Net income: JP¥9.19b (up 4.1% from FY 2021). Profit margin: 3.1% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%. Over the next year, revenue is forecast to stay flat compared to a 21% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • May 15Belc CO., LTD. to Report Q1, 2023 Results on Jul 08, 2022Belc CO., LTD. announced that they will report Q1, 2023 results on Jul 08, 2022
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. 1 independent director (7 non-independent directors). Head of Sales Operations, Head of Checker Department & Director Mitsuhiro Nakamura was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 15Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥440 (up from JP¥423 in FY 2021). Revenue: JP¥300.3b (up 5.6% from FY 2021). Net income: JP¥9.19b (up 4.1% from FY 2021). Profit margin: 3.1% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 2.1%, compared to a 20% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.