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Ensuiko Sugar Refining Co., Ltd. logo

Ensuiko Sugar Refining Co., Ltd.

2112.T

JPXConsumer DefensiveFood Confectioners

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Latest quote

¥474

+¥5.00 · +1.07%

Aug 24, 1:26 PM JST

2112.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Ensuiko Sugar Refining Co., Ltd. operates in Japan, manufacturing and supplying a diverse range of refined sugar products. Its extensive portfolio includes granular, white, stick, and liquid sugars, alongside specialty ingredients such as lactose fructose oligosaccharide, cyclodextrin, and salacia granules. The company also provides sugar cubes and gum syrup, catering to both household consumers and commercial businesses. These products are marketed under the Pearl Ace Mark brand. Established in 1904, Ensuiko Sugar Refining Co., Ltd. maintains its headquarters in Tokyo, Japan.

Industry
Food Confectioners
Sector
Consumer Defensive
Headquarters
JP
CEO
Shigekatsu Kimura
Listed since
Jan 1, 2001
Employees
83

Market position

Day range

Current ¥474

52-week range

Current ¥474

Open
¥472
Previous close
¥469
Volume
37.7K
0.5× average
Average volume
75.79K
Average daily volume
Market cap
13.04B JPY
Beta
0.17
Market reference 1
50-day average
¥443.3
+6.93% above average
200-day average
¥501.32
-5.45% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
17.86B JPY
P/E (TTM)
4.58×
P/B (TTM)
0.59×
P/S (TTM)
0.4×
EV / EBITDA
4.89×
Earnings yield
19.72%
Free cash flow yield
12.93%
Dividend yield
4.22%

Profitability & efficiency

Gross margin
20.29%
Operating margin
9.69%
Net margin
8.67%
Return on equity
13.42%
Return on assets
8.69%
Return on invested capital
7.40%

Financial health

Debt / equity
0.3×
Current ratio
1.24×
Altman Z-score
2.78
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends22%14%7%-0%Gross margin, FY2021: 15.08%Gross margin, FY2022: 12.86%Gross margin, FY2023: 14.73%Gross margin, FY2024: 19.03%Gross margin, FY2025: 19.74%Operating margin, FY2021: 3.21%Operating margin, FY2022: 2.23%Operating margin, FY2023: 4.74%Operating margin, FY2024: 8.86%Operating margin, FY2025: 9.24%Net margin, FY2021: 2.42%Net margin, FY2022: 1.78%Net margin, FY2023: 4.68%Net margin, FY2024: 6.57%Net margin, FY2025: 8.38%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 15.08%. Gross margin FY2022 12.86%. Gross margin FY2023 14.73%. Gross margin FY2024 19.03%. Gross margin FY2025 19.74%. Operating margin FY2021 3.21%. Operating margin FY2022 2.23%. Operating margin FY2023 4.74%. Operating margin FY2024 8.86%. Operating margin FY2025 9.24%. Net margin FY2021 2.42%. Net margin FY2022 1.78%. Net margin FY2023 4.68%. Net margin FY2024 6.57%. Net margin FY2025 8.38%.

Income trends

Revenue

32.98B JPY+1.42%

Operating income

3.05B JPY+5.83%

Net income

2.77B JPY+29.45%
Income trends across reported periods36.23B JPY23.24B JPY10.24B JPY−2.75B JPYRevenue, FY2021: 25.13B JPYRevenue, FY2022: 27.95B JPYRevenue, FY2023: 31.55B JPYRevenue, FY2024: 32.52B JPYRevenue, FY2025: 32.98B JPYOperating income, FY2021: 808M JPYOperating income, FY2022: 624M JPYOperating income, FY2023: 1.5B JPYOperating income, FY2024: 2.88B JPYOperating income, FY2025: 3.05B JPYNet income, FY2021: 609M JPYNet income, FY2022: 498M JPYNet income, FY2023: 1.48B JPYNet income, FY2024: 2.14B JPYNet income, FY2025: 2.77B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 25.13B JPY. Revenue FY2022 27.95B JPY. Revenue FY2023 31.55B JPY. Revenue FY2024 32.52B JPY. Revenue FY2025 32.98B JPY. Operating income FY2021 808M JPY. Operating income FY2022 624M JPY. Operating income FY2023 1.5B JPY. Operating income FY2024 2.88B JPY. Operating income FY2025 3.05B JPY. Net income FY2021 609M JPY. Net income FY2022 498M JPY. Net income FY2023 1.48B JPY. Net income FY2024 2.14B JPY. Net income FY2025 2.77B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue32.98B JPY32.52B JPY31.55B JPY27.95B JPY25.13B JPY
Cost of goods sold26.47B JPY26.33B JPY26.9B JPY24.36B JPY21.34B JPY
Gross profit6.51B JPY6.19B JPY4.65B JPY3.59B JPY3.79B JPY
Research and development—44M JPY40M JPY44M JPY52M JPY
Selling, general, and administrative3.46B JPY3.26B JPY3.11B JPY2.93B JPY2.93B JPY
Operating expenses3.46B JPY3.31B JPY3.15B JPY2.97B JPY2.98B JPY
Interest income44M JPY34M JPY32M JPY28M JPY26M JPY
Interest expense99M JPY92M JPY93M JPY89M JPY100M JPY
Depreciation and amortization602M JPY558M JPY578M JPY630M JPY655M JPY
Operating income3.05B JPY2.88B JPY1.5B JPY624M JPY808M JPY
Net income2.77B JPY2.14B JPY1.48B JPY498M JPY609M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
29.09

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates30.4523.8817.3210.75Q4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 12.11, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 7, 2025: actual 26.42, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 9, 2025: actual 12.97, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 26.23, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 28.96, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 6, 2026: actual 25.58, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 8, 2026: actual 19.79, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 29.09, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates9.22B8.53B7.83B7.14BQ4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 7.85B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 7, 2025: actual 8.87B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 9, 2025: actual 7.49B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 8.79B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 7.88B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 6, 2026: actual 8.57B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 8, 2026: actual 7.75B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 8.64B JPY, estimate —, surprise —, Comparison unavailable.

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