Belc Co (TSE:9974) Construction In Progress: 円3,806 Mil (As of Feb. 2026)


TSE:9974 Belc Co Ltd TSE:9974
92 GF Score
Price 円6,510.00
GF Value 円7,996.50
Valuation Modestly Undervalued
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What is Belc Co Construction In Progress?

Belc Co TSE:9974 +2.20% 92 Construction In Progress is 円3,806 Mil as of Feb. 2026. GuruFocus rates TSE:9974 with a GF Score™ of 92/100 and a GF Value™ of 円7,996.50 (Modestly Undervalued).

Belc Co's quarterly construction in progress stayed the same from Aug. 2025 (円0 Mil) to Nov. 2025 (円0 Mil) but then increased from Nov. 2025 (円0 Mil) to Feb. 2026 (円3,806 Mil).

Belc Co's annual construction in progress increased from Feb. 2024 (円1,857 Mil) to Feb. 2025 (円4,484 Mil) but then declined from Feb. 2025 (円4,484 Mil) to Feb. 2026 (円3,806 Mil).

Belc Co Construction In Progress Historical Data

* Premium members only.

The historical data trend for Belc Co's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Belc Co Construction In Progress Chart

Belc Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,894.00 1,501.00 1,857.00 4,484.00 3,806.00

Belc Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,484.00 0.00 0.00 0.00 3,806.00
TSE:9974
92GF Score
Belc Co Ltd TSE:9974
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Belc Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of 円3,806 Mil mean?
Belc Co (TSE:9974) has a Construction In Progress of 円3,806 Mil as of Feb. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Belc Co and its competitors.
Is Belc Co's Construction In Progress too high?
Belc Co's current Construction In Progress is 円3,806 Mil. Overall, Belc Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Belc Co's Construction In Progress compare to KR?
Belc Co's Construction In Progress of 円3,806 Mil can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Retail - Defensive company?
A good Construction In Progress depends on the Retail - Defensive industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Belc Co and its competitors. Belc Co's current Construction In Progress is 円3,806 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belc Co stock overvalued right now?
Based on GuruFocus' analysis, Belc Co (TSE:9974) is currently considered Modestly Undervalued. The stock's GF Value™ is 円7,996.50, compared to a current price of 円6,510.00 — trading 18.6% below its estimated fair value. The current Construction In Progress is 円3,806 Mil. Belc Co's overall GF Score™ is 92/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Belc Co (TSE:9974), the current Construction In Progress is 円3,806 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Belc Co (TSE:9974) Overvalued in 2026?

Based on GuruFocus' analysis, Belc Co stock appears to be undervalued. The current stock price of 円6,510.00 is trading 18.6% below its estimated GF Value™ of 円7,996.50. GuruFocus considers Belc Co to be Modestly Undervalued.

Key valuation signals for TSE:9974:

  • Construction In Progress: 円3,806 Mil
  • GF Value™: 円7,996.50 vs. price of 円6,510.00 (18.6% below fair value)
  • GF Score™: 92/100

No single metric tells the full story. See the TSE:9974 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Belc Co Business Description

Address 1646 Ashiori, Saitama Prefecture, Tsurugashima, JPN, 350-2282
Belc Co Ltd manages a chain of food supermarkets in Japan. The company is headquartered in Japan and earns the entirety of its revenue domestically. The company has a chain of retail stores in the Tokyo metropolitan area and is focused on Saitama Prefecture. Through its subsidiaries, Belc Co. Ltd is involved with the production and distribution of food items and ready-made meals to its self-run stores. Its products include perishable goods, grocery items, sundry items, daily necessities, and processed food. Belc Co. Ltd also provides services to its stores, including chain management and cleaning.
92GF Score

Get the complete analysis for TSE:9974

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円6,510.00
Price
円7,996.50
GF Value