Ensuiko Sugar Refining Co Ltd

Capital Structure and Liquidity Ensuiko Sugar Refining maintains a market price of 496 JPY per share, with a market capitalization of 13.65 billion JPY. The company's price-to-book ratio is 0.82, indicating that the market values the company at a discount to its book value. The liquidity position is characterized as medium, with a current ratio of 1.23, suggesting the company has sufficient short-term assets to cover its short-term liabilities. However, the company's net cash position is negative after subtracting total debt, which may pose a liquidity risk. ### Profitability and Returns The company's profitability is reflected in a return on equity (ROE) of 12.86% and a return on assets (ROA) of 7.27%. These figures are in line with the industry's preferred metrics for profitability. The operating margin is 8.86% (calculated as operating income of 2.88 billion JPY divided by revenue of 32.52 billion JPY), which is a key indicator of operational efficiency. The gross margin of 19.03% (calculated as gross profit of 6.19 billion JPY divided by revenue) indicates the company's ability to generate profit from its core operations. ### Segments and Geographic Exposure Ensuiko Sugar Refining operates through three business segments: Sugar, Bio, and Others. The Sugar segment is the primary revenue generator, while the Bio segment focuses on the production of lactose, fructose, oligosaccharide, and cyclodextrin. The Others segment is engaged in the leasing of office buildings. The company's geographic exposure is primarily concentrated in Japan, with no significant international operations disclosed in the available data. ### Growth Trajectory The company's growth trajectory is not explicitly detailed in the available data, but the current financial performance suggests a stable operating environment. The company's revenue for the latest period is 32.52 billion JPY, with a net income of 2.14 billion JPY. The outlook for the current fiscal year is not provided, but the company's capital expenditure of -559 million JPY indicates a reduction in capital spending, which may be a strategic move to preserve cash. ### Risk Factors The company faces a medium liquidity risk, as indicated by the current ratio of 1.23 and the negative net cash position after subtracting total debt. The dilution risk is assessed as low, with no significant dilution potential identified in the basic shares outstanding. The company's debt-to-equity ratio of 0.5 suggests a moderate level of leverage, which is generally considered acceptable for a company in the food processing industry. ### Recent Events Recent events affecting the company include the latest actual EPS of 77.90 JPY and the latest actual revenue of 32.52 billion JPY, as reported by analysts. These figures align with the company's financial snapshot, indicating consistent performance. No significant recent filings or transcripts have been disclosed that would indicate a material change in the company's operations or financial position.