Which companies are BELC's closest peers?

The cockpit's peer set: WH Smith (SMWH.L), Axial Retailing (8255.T), Sanjiang Shopping Club (601116.SS), Jiajiayue (603708.SS), Jiangxi Guoguang Commercial Chains (605188.SS), Heiwado (8276.T), United Super Markets (3222.T), Chengdu Hongqi Chain (002697.SZ).

Is BELC expensive compared with its peers?

On forward p/e it trades at 10.7× against a peer median of 14.7×, 2nd cheapest of 15 in its peer set.

How has BELC stock performed?

Over six months to 6 Nov 2026 the shares returned -7.7% against -6.3% for the median peer; over one year -13.8%.

← CockpitCompetitor Analysis › 9974.T BELC Co., Ltd.Open in the cockpit ↗

BELC Co., Ltd.9974.TCompetitor analysis, valuation and peers

Japan · JPY·Consumer Staples›Food Retail

Momentum neutral 46

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$852M

US dollars, full cap

Free float

49%

of shares outstanding

$/day

$2.13M

20-day average traded

Fwd P/E

10.7×

forward earnings

ROIC−WACC

+2.5 pp

WACC 5.0%

Hurdle

n/a

no reverse DCF

Next earnings

63 days

8 Jan 2027

Close · JPY¥6,440

1D-5.6%

1W+2.4%

1M-1.2%

3M-2.0%

6M-7.7%

YTD-14.5%

1Y-13.8%

ATR %2.8%

52w lowhigh21.5% off high

What BELC does

Employees: 2,914

BELC at a glance

Size BELC (9974.T) is a Japan Consumer Staples company (Food Retail) with a market value of $852M, the 814th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥6,440 on 6 Nov 2026.

Performance Over six months the shares fell 7.7%, against -6.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th lowest of 21 in its peer set.

Growth Revenue grew 4.9% over the last twelve months (peer median +1.5%); the operating margin is 3.7% (peer median 2.9%).

Valuation It trades at 10.7× forward earnings against a peer median of 14.7× (2nd cheapest of 15).

Capital Return on invested capital runs 2.5 points above its cost of capital (5.0% WACC).

Next results Next results expected around 8 Jan 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: BELC against the median of its 20 peers (local-currency closes).

BELC financials

Reported figures in JPY; fiscal year ends 2026-02-28. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	¥429B	¥423B	¥388B	¥352B	¥311B
Revenue growth	—	+9%	+10%	+13%	—
Gross profit	¥120B	¥111B	¥102B	¥93.3B	¥83.7B
EBITDA	¥25.2B	¥26.5B	¥24.6B	¥21.5B	¥20.5B
Net income	¥11.1B	¥12.7B	¥12.4B	¥10.7B	¥9.61B
Free cash flow	n/a	-¥2.27B	¥4.72B	¥3.80B	-¥988M
Capital expenditure	n/a	¥23.5B	¥18.4B	¥18.3B	¥16.9B
Total debt	¥43.1B	¥43.7B	¥36.8B	¥34.5B	¥35.8B

Quarterly statements and history in the cockpit →

BELC competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. BELC is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. BELC is the large dot.

BELC competitors and peer comparison

How BELC compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

BELC against its 20 peers (data as of 6 Nov 2026)
Measure	9974.T	Peer median	Rank in peer set
1-month return	-1.2%	+2.6%	8th lowest of 21
6-month return	-7.7%	-6.3%	10th lowest of 21
Distance from 52-week high	-21.5%	-23.1%	10th highest of 21
Revenue growth (TTM)	+4.9%	+1.5%	5th highest of 21
Operating margin	3.7%	2.9%	9th highest of 21
Forward P/E	10.7×	14.7×	2nd cheapest of 15
ROIC minus cost of capital	+2.5 pp	+3.1 pp	10th lowest of 21
EV / EBITDA	6.3×	5.9×	4th most expensive of 8
Net debt / EBITDA	0.9×	0.8×	7th least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
BELC 9974.T	Japan	$852M	-8%	+5%	4%	10.7×	n/a	n/a
WH Smith SMWH.L	United Kingdom	$851M	-10%	-31%	8%	11.0×	9.1%	+8.8%
Axial Retailing 8255.T	Japan	$865M	+30%	+3%	4%	15.1×	-10.9%	+2.9%
Sanjiang Shopping Club 601116.SS	China	$833M	-26%	-7%	3%	n/a	n/a	n/a
Jiajiayue 603708.SS	China	$874M	-12%	0%	2%	25.6×	-12.7%	+1.5%
Jiangxi Guoguang Commercial Chains 605188.SS	China	$908M	-26%	+3%	1%	n/a	27.5%	+4.6%
Heiwado 8276.T	Japan	$749M	-2%	+2%	3%	13.3×	-3.8%	+0.7%
United Super Markets 3222.T	Japan	$999M	-7%	+11%	0%	n/a	31.5%	+5.6%
Chengdu Hongqi Chain 002697.SZ	China	$1.01B	-5%	-1%	5%	14.3×	-17.5%	+1.1%
Aeon Hokkaido 7512.T	Japan	$719M	-4%	+3%	2%	n/a	n/a	n/a
Toly Bread 603866.SS	China	$1.01B	-15%	-2%	8%	24.1×	0.5%	-1.8%
Natural Grocers by Vitamin Cottage NGVC	United States	$659M	+8%	+2%	5%	12.9×	10.6%	+5.1%
Fuji 8278.T	Japan	$1.11B	-1%	-1%	1%	n/a	2.6%	+20.9%
Maxvalu Tokai 8198.T	Japan	$621M	-10%	+1%	3%	n/a	-20.0%	+1.6%
San-a 2659.T	Japan	$1.22B	-2%	+6%	7%	16.4×	-12.3%	+3.9%
Taiwan FamilyMart 5903.TWO	Taiwan	$1.23B	-4%	+7%	2%	23.4×	-2.4%	+5.2%
Bestore 603719.SS	China	$587M	-11%	0%	0%	140.6×	6.3%	-7.0%
Valor 9956.T	Japan	$1.25B	-6%	+9%	3%	8.8×	-2.7%	+4.8%
Chongqing Chongbai Technology 600729.SS	China	$1.26B	-9%	-11%	4%	11.3×	-10.4%	-6.9%
Arcs 9948.T	Japan	$1.27B	+5%	+2%	3%	15.9×	-10.6%	+2.4%
Aryzta ARYN.SW	Switzerland	$1.28B	-26%	-3%	7%	13.0×	-6.6%	+3.0%

Questions

Which companies are BELC's closest peers?: The cockpit's peer set: WH Smith (SMWH.L), Axial Retailing (8255.T), Sanjiang Shopping Club (601116.SS), Jiajiayue (603708.SS), Jiangxi Guoguang Commercial Chains (605188.SS), Heiwado (8276.T), United Super Markets (3222.T), Chengdu Hongqi Chain (002697.SZ).
Is BELC expensive compared with its peers?: On forward p/e it trades at 10.7× against a peer median of 14.7×, 2nd cheapest of 15 in its peer set.
How has BELC stock performed?: Over six months to 6 Nov 2026 the shares returned -7.7% against -6.3% for the median peer; over one year -13.8%.