Analysts Have Made A Financial Statement On Belc CO., LTD.'s (TSE:9974) Half-Year Report

It's been a good week for Belc CO., LTD. (TSE:9974) shareholders, because the company has just released its latest half-yearly results, and the shares gained 2.6% to JP¥6,710. Belc reported in line with analyst predictions, delivering revenues of JP¥96b and statutory earnings per share of JP¥512, suggesting the business is executing well and in line with its plan. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Belc

Following the latest results, Belc's three analysts are now forecasting revenues of JP¥385.6b in 2025. This would be an okay 3.8% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to surge 20% to JP¥576. In the lead-up to this report, the analysts had been modelling revenues of JP¥385.9b and earnings per share (EPS) of JP¥579 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of JP¥8,083, suggesting that the company has met expectations in its recent result. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Belc, with the most bullish analyst valuing it at JP¥8,300 and the most bearish at JP¥7,750 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 7.8% growth on an annualised basis. That is in line with its 8.5% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 3.8% per year. So it's pretty clear that Belc is forecast to grow substantially faster than its industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at JP¥8,083, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Belc. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Belc analysts - going out to 2027, and you can see them free on our platform here.

It might also be worth considering whether Belc's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.