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Belc Co. Ltd. (9974.T)

JPY6,470.00 +40.00 (+0.62%)
JP JPX Consumer Defensive Grocery Stores
Address 1646, Suneori 350-2282
Tsurugashima, JP
CEO Tamotsu Harashima
Website belc.jp
IPO 2008-02-22
ISIN JP3835700000

Explore sections of this company profile

Description

Belc Co. Ltd. manages a widespread network of grocery supermarkets. The company offers a comprehensive selection of food items, including fresh and processed meats, seafood, produce (both fresh and prepared), dairy and egg products, various processed and frozen foods, baked goods, ready-to-eat meals, sweets, and a full range of beverages, including alcoholic options. In addition to its food offerings, Belc also stocks non-food merchandise such as apparel, household goods, and other daily necessities, many of which are sold under its own TOPVALU brand. Established in 1959, the company's main office is located in Tsurugashima, Japan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY6,470.00 +40.00 (+0.62%)
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Volume Profile
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Liquidity & share structure
Average Volume
27.4K
Beta
0.09
Float Shares
10.49M
Free Float %
50.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.27% -2.97% -11.17% -23.17% -18.53% -17.33% -12.31% +4.91% +12.52% +42.69% +535.90%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
6,470.00
DCF (Unlevered) 146.29 -97.7%
DCF (Levered) 1,661.53 -74.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.61
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
2 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Grocery Stores: +6.0%
    +9.2% Q2'26: +3.9% (vs Q2'25)
  • EPS growth Grocery Stores: +8.6%
    +2.5% Q2'26: -15.9% (vs Q2'25)
  • FCF margin FCF growth · Grocery Stores: +22.1%
    +2.8% Q2'26: +0.0% (vs Q2'25)
  • EBIT margin Grocery Stores: +4.2%
    +4.2% Q2'26: +3.1% (vs Q2'25)
  • ROIC Grocery Stores: +9.0%
    +8.9% Q2'26: +6.2% (vs Q2'25)
  • Share dilution Grocery Stores: +0.1%
    -0.1% Q2'26: -0.1% (vs Q2'25)
  • Debt / EBITDA Net debt/EBITDA · Grocery Stores: 0.58×
    1.67× Q2'26: 2.13× (vs Q2'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.10) × ERP
WACC = 75% × Ke + 25% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 146.29 Current price: 6,470.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Feb 2015
actual
Feb 2016
actual
Feb 2017
actual
Feb 2018
actual
Feb 2019
actual
Feb 2020
actual
Feb 2021
actual
Feb 2022
actual
Feb 2023
actual
Feb 2024
actual
Feb 2025
actual
Feb 2026
2 Rev. Ana.
2 EPS Ana.
Feb 2027
2 Rev. Ana.
2 EPS Ana.
Feb 2028
2 Rev. Ana.
2 EPS Ana.
Feb 2029
2 Rev. Ana.
2 EPS Ana.
Revenue
161.12B
est: 158.90B (+1.4%)
181.07B
est: 180.00B (+0.6%)
193.57B
est: 190.60B (+1.6%)
211.39B
est: 210.00B (+0.7%)
225.52B
est: 223.10B (+1.1%)
239.50B
est: 236.65B (+1.2%)
284.46B
est: 282.83B (+0.6%)
300.27B
est: 298.90B (+0.5%)
310.83B
est: 305.00B (+1.9%)
351.86B
est: 362.40B (-2.9%)
387.78B
est: 388.70B (-0.2%)
425.50B
425.35B – 425.65B
+9.5% YoY
443.20B
437.60B – 448.80B
+4.2% YoY
465.60B
460.00B – 471.20B
+5.1% YoY
488.70B
482.68B – 494.72B
+5.0% YoY
EBITDA
10.66B
est: 10.22B (+4.3%)
12.27B
est: 11.58B (+6.0%)
13.45B
est: 12.26B (+9.7%)
14.21B
est: 13.51B (+5.2%)
14.76B
est: 14.35B (+2.9%)
16.51B
est: 15.22B (+8.5%)
18.17B
est: 18.19B (-0.1%)
19.36B
est: 19.22B (+0.7%)
20.86B
est: 19.62B (+6.4%)
21.83B
est: 23.21B (-5.9%)
24.84B
est: 24.84B (+0.0%)
27.19B
27.18B – 27.20B
+9.5% YoY
28.32B
27.96B – 28.68B
+4.2% YoY
29.75B
29.39B – 30.11B
+5.1% YoY
31.22B
30.84B – 31.61B
+5.0% YoY
EBIT
7.28B
est: 6.97B (+4.5%)
8.41B
est: 7.90B (+6.5%)
9.48B
est: 8.36B (+13.3%)
9.52B
est: 9.21B (+3.3%)
9.63B
est: 9.79B (-1.6%)
10.91B
est: 10.38B (+5.0%)
12.23B
est: 12.41B (-1.4%)
13.07B
est: 13.11B (-0.3%)
14.34B
est: 13.38B (+7.1%)
14.86B
est: 15.85B (-6.2%)
17.25B
est: 16.94B (+1.8%)
18.55B
18.54B – 18.55B
+9.5% YoY
19.32B
19.07B – 19.56B
+4.2% YoY
20.29B
20.05B – 20.54B
+5.1% YoY
21.30B
21.04B – 21.56B
+5.0% YoY
Net Income
4.47B
est: 4.69B (-4.9%)
5.24B
est: 5.09B (+2.9%)
6.21B
est: 5.99B (+3.6%)
6.86B
est: 7.19B (-4.6%)
6.57B
est: 7.19B (-8.6%)
7.30B
est: 7.40B (-1.5%)
8.83B
est: 8.99B (-1.8%)
9.19B
est: 8.72B (+5.4%)
9.61B
est: 9.50B (+1.3%)
10.68B
est: 10.28B (+3.8%)
12.39B
est: 11.82B (+4.8%)
12.57B
12.48B – 12.66B
+6.3% YoY
12.56B
12.52B – 12.60B
-0.1% YoY
13.09B
13.05B – 13.12B
+4.2% YoY
13.77B
13.60B – 13.94B
+5.2% YoY
SGA
32.72B
est: 34.33B (-4.7%)
22.07B
est: 38.89B (-43.2%)
38.22B
est: 41.18B (-7.2%)
42.30B
est: 45.37B (-6.8%)
45.16B
est: 48.20B (-6.3%)
47.69B
est: 51.13B (-6.7%)
56.38B
est: 61.11B (-7.7%)
58.77B
est: 64.58B (-9.0%)
69.66B
est: 65.90B (+5.7%)
78.79B
est: 81.22B (-3.0%)
92.41B
est: 87.11B (+6.1%)
95.36B
95.33B – 95.39B
+9.5% YoY
99.33B
98.07B – 100.58B
+4.2% YoY
104.35B
103.09B – 105.60B
+5.1% YoY
109.52B
108.17B – 110.87B
+5.0% YoY
EPS
213.97
est: 225.20 (-5.0%)
251.23
est: 244.40 (+2.8%)
297.66
est: 287.50 (+3.5%)
328.85
est: 345.00 (-4.7%)
314.90
est: 345.00 (-8.7%)
349.65
est: 355.20 (-1.6%)
423.07
est: 431.20 (-1.9%)
440.27
est: 418.15 (+5.3%)
461.02
est: 455.50 (+1.2%)
512.20
est: 493.43 (+3.8%)
594.13
est: 567.30 (+4.7%)
603.20
598.97 – 607.43
+6.3% YoY
602.95
601.00 – 604.90
0.0% YoY
628.15
626.50 – 629.80
+4.2% YoY
661.05
652.90 – 669.20
+5.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 2/5 3/5 4/5 3/5 3/5 3/5
2026-05-28 B+ 3/5 2/5 3/5 4/5 3/5 3/5 3/5
2026-05-27 B 3/5 2/5 3/5 4/5 2/5 3/5 3/5
2026-05-26 B 3/5 2/5 3/5 4/5 2/5 3/5 3/5
2026-05-25 B 3/5 2/5 3/5 4/5 2/5 3/5 3/5
2026-05-22 B 3/5 2/5 3/5 4/5 2/5 3/5 3/5
2026-05-21 B 3/5 2/5 3/5 4/5 2/5 3/5 3/5
2026-05-20 B 3/5 2/5 3/5 4/5 2/5 3/5 3/5
2026-05-19 B 3/5 2/5 3/5 4/5 2/5 3/5 3/5
2026-05-18 B 3/5 2/5 3/5 4/5 2/5 3/5 3/5
2026-05-15 B+ 3/5 2/5 3/5 4/5 2/5 3/5 4/5
2026-05-14 B+ 3/5 2/5 3/5 4/5 2/5 3/5 4/5
2026-05-13 B+ 3/5 2/5 3/5 4/5 2/5 3/5 4/5
2026-05-12 B+ 3/5 2/5 3/5 4/5 2/5 3/5 4/5
2026-05-11 B+ 3/5 2/5 3/5 4/5 2/5 3/5 4/5
2026-05-08 B+ 3/5 2/5 3/5 4/5 2/5 4/5 4/5
2026-05-07 B+ 3/5 2/5 3/5 4/5 2/5 4/5 4/5
2026-05-01 B+ 3/5 2/5 3/5 4/5 2/5 4/5 4/5
2026-04-30 B+ 3/5 2/5 3/5 4/5 2/5 4/5 4/5
2026-04-28 B+ 3/5 2/5 3/5 4/5 2/5 4/5 4/5
2026-04-27 B+ 3/5 2/5 3/5 4/5 2/5 4/5 4/5
2026-04-24 B+ 3/5 2/5 3/5 4/5 2/5 4/5 4/5
2026-04-23 B+ 3/5 2/5 3/5 5/5 2/5 3/5 4/5
2026-04-22 B+ 3/5 2/5 3/5 5/5 2/5 3/5 4/5
2026-04-21 B+ 3/5 2/5 3/5 5/5 2/5 3/5 3/5
2026-04-20 B+ 3/5 2/5 3/5 5/5 2/5 3/5 3/5
2026-04-17 B+ 3/5 2/5 3/5 5/5 2/5 3/5 3/5
2026-04-16 B+ 3/5 2/5 3/5 5/5 2/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
14.65B
OE per share TTM
702.91
Owner's Yield
11.34%
Maintenance CapEx ratio
118.17%
Maint CapEx / Avg PPE
36.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 59 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
6.79M
Shares Outstanding
20.83M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Hideo Ueda Senior MD, GM of Compli, Finance, Acc., Sustainability, Public Relation & Legal Dept. and Director male
Hiroyuki Harada GM of System Reform Department & Director male
Issei Harashima President & Representative Director male
Kanji Ueda GM of Development Control Department, GM of Store Planning Department & Director male
Mikio Osaku Corporate Officer, GM of Sales Operation Department & Director male
Shigemi Komukai Chief of Corporate Planning & Business Support Department
Shinji Minegishi Executive Officer of Business Support Department
Tamotsu Harashima Executive Chairman of the Board male
Tomoyuki Sugawa Executive Officer and GM of Finance & Accounting Department
Yoichiro Harashima Senior MD, GM of Logistics Control Department & Grocery Product Development MD and Director male
Yoshihiro Ohsugi MD, GM of Human Resources Development & Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits