Mitsui DM Sugar Holdings Co.,Ltd. logo

Mitsui DM Sugar Holdings Co.,Ltd.

2109.T

JPXConsumer DefensiveFood Confectioners

Latest quote

¥3,725

+¥65.00 · +1.78%

Aug 24, 3:30 PM JST

2109.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Mitsui DM Sugar Holdings Co.,Ltd., established in Tokyo, Japan in 1947, is a leading Japanese manufacturer and distributor specializing in a broad spectrum of sugar products and food ingredients. Its extensive product line includes various refined sugars for both home and commercial use, such as white soft, brown soft, granulated, and diverse crystal sugars (white, light brown), along with brown, black, rock, and liquid sugars, prominently featured under its "SPOON" brand. The company also offers regional specialties like Okinawa brown sugar and Kansho Kuromitsu. For added convenience, Mitsui DM Sugar provides table-top options such as sugar cubes, coffee sugar, lemon sugar, and various syrups. Beyond traditional offerings, the company supplies a range of alternative sweeteners, including Sukoshi de Sumu Satou, One-half white sugar, Calorie Zero, and Palatinit Sweet. Its functional sweetener portfolio comprises the natural sweetener PALATINOSE and the low-calorie ISOMALT. Furthermore, Mitsui DM Sugar processes sugar cane extracts, which are utilized in the food sector, as deodorizing agents, and as fodder for livestock. The company also offers a comprehensive selection of food ingredients like agar, gelatinizing agents, natural food colors, and powdered flavorings. Complementing its core manufacturing operations, the company diversifies into property management through land and building leases, and operates a warehouse business. The entity adopted its current name in April 2021, having previously been known as Mitsui Sugar Co., Ltd.

Industry
Food Confectioners
Sector
Consumer Defensive
Headquarters
JP
CEO
Taku Morimoto
Listed since
Jan 1, 2001
Employees
1,550

Market position

Day range

Current ¥3,725

52-week range

Current ¥3,725

Open
¥3,660
Previous close
¥3,660
Volume
62.8K
1.4× average
Average volume
44.85K
Average daily volume
Market cap
115.91B JPY
Beta
0.01
Market reference 1
50-day average
¥3,363
+10.76% above average
200-day average
¥3,351.38
+11.15% above average

Financials

Financial snapshot

Latest / TTM

Financial health

Altman Z-score
3.21
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends26%17%7%-2%Gross margin, FY2021: 18.26%Gross margin, FY2022: 16.00%Gross margin, FY2023: 17.39%Gross margin, FY2024: 22.42%Gross margin, FY2025: 23.35%Operating margin, FY2021: 2.46%Operating margin, FY2022: 0.67%Operating margin, FY2023: 2.49%Operating margin, FY2024: 7.74%Operating margin, FY2025: 7.17%Net margin, FY2021: 2.47%Net margin, FY2022: 4.84%Net margin, FY2023: 4.95%Net margin, FY2024: 3.52%Net margin, FY2025: 2.20%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 18.26%. Gross margin FY2022 16.00%. Gross margin FY2023 17.39%. Gross margin FY2024 22.42%. Gross margin FY2025 23.35%. Operating margin FY2021 2.46%. Operating margin FY2022 0.67%. Operating margin FY2023 2.49%. Operating margin FY2024 7.74%. Operating margin FY2025 7.17%. Net margin FY2021 2.47%. Net margin FY2022 4.84%. Net margin FY2023 4.95%. Net margin FY2024 3.52%. Net margin FY2025 2.20%.

Income trends

Revenue

180.1B JPY+0.74%

Operating income

12.91B JPY-6.73%

Net income

3.96B JPY-37.08%
Income trends across reported periods198B JPY126.4B JPY54.8B JPY−16.8B JPYRevenue, FY2021: 147.88B JPYRevenue, FY2022: 163.31B JPYRevenue, FY2023: 170.77B JPYRevenue, FY2024: 178.79B JPYRevenue, FY2025: 180.1B JPYOperating income, FY2021: 3.63B JPYOperating income, FY2022: 1.1B JPYOperating income, FY2023: 4.25B JPYOperating income, FY2024: 13.84B JPYOperating income, FY2025: 12.91B JPYNet income, FY2021: 3.66B JPYNet income, FY2022: 7.91B JPYNet income, FY2023: 8.45B JPYNet income, FY2024: 6.3B JPYNet income, FY2025: 3.96B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 147.88B JPY. Revenue FY2022 163.31B JPY. Revenue FY2023 170.77B JPY. Revenue FY2024 178.79B JPY. Revenue FY2025 180.1B JPY. Operating income FY2021 3.63B JPY. Operating income FY2022 1.1B JPY. Operating income FY2023 4.25B JPY. Operating income FY2024 13.84B JPY. Operating income FY2025 12.91B JPY. Net income FY2021 3.66B JPY. Net income FY2022 7.91B JPY. Net income FY2023 8.45B JPY. Net income FY2024 6.3B JPY. Net income FY2025 3.96B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue180.1B JPY178.79B JPY170.77B JPY163.31B JPY147.88B JPY
Cost of goods sold138.05B JPY138.71B JPY141.08B JPY137.17B JPY120.88B JPY
Gross profit42.05B JPY40.08B JPY29.69B JPY26.14B JPY27B JPY
Research and development883M JPY759M JPY882M JPY1B JPY
Selling, general, and administrative29.14B JPY25.35B JPY24.68B JPY24.15B JPY22.37B JPY
Operating expenses29.14B JPY26.23B JPY25.44B JPY25.04B JPY23.37B JPY
Interest income15M JPY5M JPY4M JPY3M JPY29M JPY
Interest expense537M JPY434M JPY320M JPY252M JPY163M JPY
Depreciation and amortization6.41B JPY6.53B JPY6.78B JPY6.58B JPY6.37B JPY
Operating income12.91B JPY13.84B JPY4.25B JPY1.1B JPY3.63B JPY
Net income3.96B JPY6.3B JPY8.45B JPY7.91B JPY3.66B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
94.37

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates121.6440.38-40.88-122.14Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual 80.09, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 104.83, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual -79.41, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 84.43, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual 66.26, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 30, 2026: actual 81.39, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual -105.33, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 31, 2026: actual 94.37, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates50.87B47.01B43.14B39.28BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual 43.2B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 48.92B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 41.8B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 46.87B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual 43.49B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 30, 2026: actual 48.5B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 41.24B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 31, 2026: actual 45.33B JPY, estimate —, surprise —, Comparison unavailable.

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