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Belc Co. Ltd. logo

Belc Co. Ltd.

9974.T

JPXConsumer DefensiveGrocery Stores

Open in GoAI

Latest quote

¥6,840

+¥90.00 · +1.33%

Aug 24, 2:28 PM JSTData delayed

9974.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

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.

Industry
Grocery Stores
Sector
Consumer Defensive
Headquarters
JP
CEO
Tamotsu Harashima
Listed since
Feb 22, 2008
Employees
2,914

Market position

Day range

Current ¥6,840

52-week range

Current ¥6,840

Open
¥6,800
Previous close
¥6,750
Volume
15.6K
0.53× average
Average volume
29.53K
Average daily volume
Market cap
142.48B JPY
Beta
0.08
Market reference 1
50-day average
¥6,498.2
+5.26% above average
200-day average
¥7,127.45
-4.03% below average

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends32%21%11%0%Gross margin, FY2021: 25.68%Gross margin, FY2022: 28.91%Gross margin, FY2023: 28.41%Gross margin, FY2024: 28.22%Gross margin, FY2025: 28.08%Operating margin, FY2021: 4.35%Operating margin, FY2022: 4.51%Operating margin, FY2023: 4.12%Operating margin, FY2024: 4.39%Operating margin, FY2025: 4.23%Net margin, FY2021: 3.06%Net margin, FY2022: 3.09%Net margin, FY2023: 3.03%Net margin, FY2024: 3.19%Net margin, FY2025: 2.99%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 25.68%. Gross margin FY2022 28.91%. Gross margin FY2023 28.41%. Gross margin FY2024 28.22%. Gross margin FY2025 28.08%. Operating margin FY2021 4.35%. Operating margin FY2022 4.51%. Operating margin FY2023 4.12%. Operating margin FY2024 4.39%. Operating margin FY2025 4.23%. Net margin FY2021 3.06%. Net margin FY2022 3.09%. Net margin FY2023 3.03%. Net margin FY2024 3.19%. Net margin FY2025 2.99%.

Income trends

Revenue

423.43B JPY+9.19%

Operating income

17.9B JPY+5.23%

Net income

12.68B JPY+2.39%
Income trends across reported periods464.86B JPY299.16B JPY133.46B JPY−32.24B JPYRevenue, FY2021: 300.27B JPYRevenue, FY2022: 310.83B JPYRevenue, FY2023: 351.86B JPYRevenue, FY2024: 387.78B JPYRevenue, FY2025: 423.43B JPYOperating income, FY2021: 13.07B JPYOperating income, FY2022: 14.02B JPYOperating income, FY2023: 14.5B JPYOperating income, FY2024: 17.01B JPYOperating income, FY2025: 17.9B JPYNet income, FY2021: 9.19B JPYNet income, FY2022: 9.61B JPYNet income, FY2023: 10.68B JPYNet income, FY2024: 12.39B JPYNet income, FY2025: 12.68B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 300.27B JPY. Revenue FY2022 310.83B JPY. Revenue FY2023 351.86B JPY. Revenue FY2024 387.78B JPY. Revenue FY2025 423.43B JPY. Operating income FY2021 13.07B JPY. Operating income FY2022 14.02B JPY. Operating income FY2023 14.5B JPY. Operating income FY2024 17.01B JPY. Operating income FY2025 17.9B JPY. Net income FY2021 9.19B JPY. Net income FY2022 9.61B JPY. Net income FY2023 10.68B JPY. Net income FY2024 12.39B JPY. Net income FY2025 12.68B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue423.43B JPY387.78B JPY351.86B JPY310.83B JPY300.27B JPY
Cost of goods sold304.54B JPY278.36B JPY251.91B JPY220.95B JPY223.16B JPY
Gross profit118.89B JPY109.42B JPY99.95B JPY89.87B JPY77.1B JPY
Selling, general, and administrative100.99B JPY92.41B JPY78.79B JPY69.66B JPY58.77B JPY
Operating expenses100.99B JPY92.41B JPY85.45B JPY75.86B JPY64.03B JPY
Interest income82M JPY57M JPY40M JPY39M JPY38M JPY
Interest expense307M JPY172M JPY129M JPY111M JPY83M JPY
Depreciation and amortization8.55B JPY7.59B JPY6.97B JPY6.52B JPY6.29B JPY
Operating income17.9B JPY17.01B JPY14.5B JPY14.02B JPY13.07B JPY
Net income12.68B JPY12.39B JPY10.68B JPY9.61B JPY9.19B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
110.14

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates202.59169.18135.76102.35Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 10, 2024: actual 170.63, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 8, 2025: actual 117.72, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 10, 2025: actual 180.42, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 10, 2025: actual 130.99, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 10, 2025: actual 168.78, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 9, 2026: actual 119.01, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 10, 2026: actual 194.8, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 10, 2026: actual 110.14, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates115.13B107.33B99.53B91.73BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 8, 2025: actual 96.16B JPY, estimate 101.55B JPY, surprise -5.31%, Miss. Q2 2025, reported Apr 10, 2025: actual 101.96B JPY, estimate 102.89B JPY, surprise -0.90%, Miss. Q3 2025, reported Jul 10, 2025: actual 103.71B JPY, estimate 106.34B JPY, surprise -2.48%, Miss. Q4 2025, reported Oct 10, 2025: actual 107.3B JPY, estimate 109.37B JPY, surprise -1.89%, Miss. Q1 2026, reported Jan 9, 2026: actual 104.7B JPY, estimate 106.29B JPY, surprise -1.50%, Miss. Q2 2026, reported Apr 10, 2026: actual 107.73B JPY, estimate 109.79B JPY, surprise -1.88%, Miss. Q3 2026, reported Jul 10, 2026: actual 107.75B JPY, estimate 106.1B JPY, surprise +1.56%, Beat. Q4 2026, reported Oct 8, 2026: actual —, estimate 110.7B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥124

2025 complete year+49.4% since 2021

2026 partial: ¥62.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 28, 2026

¥66.00

Semi-Annual

Record Aug 31, 2026 · Payment Aug 28, 2026

DividendUpcoming

Ex-dividend Feb 25, 2027

¥66.00

Semi-Annual

Record Feb 28, 2027 · Payment Feb 25, 2027

Dividend

Ex-dividend Feb 26, 2026

¥62.00

Semi-Annual

Record Feb 28, 2026 · Payment May 7, 2026

Dividend

Ex-dividend Aug 28, 2025

¥62.00

Semi-Annual

Record Aug 31, 2025 · Payment Nov 4, 2025

Dividend

Ex-dividend Feb 27, 2025

¥62.00

Semi-Annual

Record Feb 28, 2025 · Payment May 23, 2025

Dividend

Ex-dividend Aug 29, 2024

¥58.00

Semi-Annual

Record Aug 31, 2024 · Payment Nov 1, 2024

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ETFs holding 9974.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
169.43M
Weight
0.01%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥418.4+0.10%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
6.61M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Avantis International Small Cap Value ETF logoAvantis International Small Cap Value ETFAVDV
Market value
5.92M
Weight
0.03%
AUM
20.24B USD
Expense ratio
0.36%
Price / 1D
$111.95+1.06%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
4.67M
Weight
0.00%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
2.04M
Weight
0.00%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
Vanguard FTSE All-World ex-US Small-Cap ETF logoVanguard FTSE All-World ex-US Small-Cap ETFVSS
Market value
1.84M
Weight
0.01%
AUM
13.6B USD
Expense ratio
0.06%
Price / 1D
$160.06+0.43%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
1.63M
Weight
0.01%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
Schwab International Small-Cap Equity ETF logoSchwab International Small-Cap Equity ETFSCHC
Market value
1.03M
Weight
0.02%
AUM
5.73B USD
Expense ratio
0.06%
Price / 1D
$51.25+0.61%

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