Overview
Oil and Coal Products

COSMO ENERGY HOLDINGS COMPANY,LIMITED

Cosmo Energy Holdings is a Japanese integrated energy group engaged in the full value chain of petroleum operations, spanning upstream oil exploration and production (primarily in the Middle East, including Abu Dhabi), crude oil import and refining, and downstream distribution and retail through its nationwide service station network. The group also produces and sells petrochemical products including aromatics and ethylene, and operates a growing renewable energy business centered on wind power generation across Japan. Key competitive strengths include vertically integrated oil operations, self-developed crude oil assets, and an expanding low-carbon energy portfolio targeting carbon net-zero through initiatives such as domestic SAF (Sustainable Aviation Fuel) production.

Market Cap
¥678B
US$4.31B
EV
¥1,129B
US$7.18B
Stock¥4,268▼-0.93%
US$1 = ¥157.25 (2026-10-30)
LTM EV/EBITDA
3.5
x
LTM EV/EBIT
3.8
x
LTM PER
4.2
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+0.3%pt
1001
Nov 4, 25 – Oct 30, 26StockTOPIX
1Aug 7, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
678BUS$4.31BMarket Cap554BUS$3.52B+ Debt130BUS$830M− Cash105BUS$668M− Inv. Sec.133BUS$846M+ NCI1,129BUS$7.18BEV
AI Briefing
Integrated Japanese energy major: Middle East upstream E&P through refining, retail and petrochemicals, pivoting to wind and SAF under Vision 2030. FY26/3 revenue ¥2,678B, OP ¥145B (5.4% margin), rebounding off FY25/3's 4.6% trough amid volatile refining margins. Iwatani holds 22.17% as top shareholder; EV/EBITDA fwd ~7.0x reflects integrated-oil discount with optionality on low-carbon buildout.
Performance & Balance
Revenue 5Y (¥B)
2,440US$15.5B'22/32,792US$17.8B'23/32,730US$17.4B'24/32,800US$17.8B'25/32,678US$17.0B'26/3
EBITDA 5Y (¥B)
289US$1.84B'22/3218US$1.38B'23/3204US$1.30B'24/3185US$1.18B'25/3203US$1.29B'26/3
Net Income 5Y (¥B)
139US$883M'22/367.9US$432M'23/382.1US$522M'24/357.7US$367M'25/374.0US$471M'26/3
Capital Structure
55%
45%
EquityD/E 0.82xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
199US$1.27B524US$3.33B'22/3232US$1.48B686US$4.36B'23/3248US$1.58B618US$3.93B'24/3225US$1.43B623US$3.96B'25/3268US$1.70B600US$3.81B'26/3
Shareholders
Top 10 hold 50.4%
1
IWATANI CORPORATION
22.17%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
11.41%
3
Custody Bank of Japan, Ltd. (Trust Account)
4.11%
4
The Kansai Electric Power Company,Incorporated
2.32%
5
COSMO ENERGY HOLDINGS COMPANY,LIMITED Business Partners' Stock Ownership Association
2.18%
6
JPMorgan Securities Japan Co., Ltd.
2.04%
7
Aioi Nissay Dowa Insurance Co., Ltd.
1.97%
8
Mitsui Sumitomo Insurance Company, Limited
1.56%
9
THE BANK OF NEW YORK MELLON 140044
1.40%
10
STATE STREET BANK AND TRUST COMPANY 505001
1.28%
Management
12 officers
Hiroshi KIRIYAMA
Director, Chairman of the Board
Apr 1979 Joined Daikyo Oil Co., Ltd. Jun 2013 Director (Managing Executive Officer), Cosmo Oil Co., Ltd. Oct 2015 Director (Senior Managing Executive Officer), the Company Jun 2016 Representative Director (Executive Vice President and Executive Officer), the Company Jun 2017 Representative Director, President (President and Executive Officer), the Company Apr 2023 Representative Director, Chairman, the Company Jun 2025 Director, Chairman of the Board, the Company (current)
1955-06-20
Shigeru YAMADA
Representative Director, President and Executive Officer
Apr 1988 Joined Cosmo Oil Co., Ltd. Jun 2015 General Manager, Supply Department, Cosmo Oil Co., Ltd. Apr 2018 Executive Officer, General Manager, Corporate Planning Department, the Company Apr 2020 Managing Executive Officer, the Company Jun 2020 Director (Managing Executive Officer), the Company Apr 2023 Representative Director, President (President and Executive Officer), the Company (current)
1965-11-07
Taisuke MATSUOKA
Representative Director, Managing Executive Officer
Apr 1993 Joined Cosmo Oil Co., Ltd. Apr 2018 General Manager, Supply Department, Cosmo Oil Co., Ltd. Apr 2021 Director and Executive Officer, Cosmo Oil Co., Ltd. Apr 2023 Managing Executive Officer, the Company Jun 2024 Director (Managing Executive Officer), the Company Jun 2025 Representative Director (Managing Executive Officer), the Company (current)
1969-10-08
Junko TAKEDA
Director
Apr 1990 Joined Cosmo Oil Co., Ltd. Oct 2015 General Manager, Human Resources and General Affairs Department, Cosmo Oil Co., Ltd. Apr 2017 General Manager, Corporate Planning and Administration Department, Cosmo Oil Co., Ltd. Apr 2019 Director and Executive Officer, Cosmo Oil Co., Ltd. Apr 2020 Executive Officer, General Manager, Human Resources Department, the Company Apr 2022 Managing Executive Officer, the Company Jun 2022 Director (Managing Executive Officer), the Company Jun 2025 Representative Director (Managing Executive Officer), the Company Apr 2026 Director, the Company (current)
1967-05-01
Shigeki IWANE
Director
Apr 1976 Joined The Kansai Electric Power Co., Inc. Jun 2007 Executive Officer, General Manager, Corporate Planning Office, Kansai Electric Power Jun 2010 Managing Director, Kansai Electric Power Apr 2012 Representative Director, Executive Vice President, Kansai Electric Power Jun 2013 Representative Director, Executive Vice President and Executive Officer, Kansai Electric Power Jun 2016 Representative Director, President, Kansai Electric Power Jun 2016 Outside Director, Mitsubishi Tanabe Pharma Corporation May 2019 Chairman, Federation of Electric Power Companies of Japan Jun 2019 Outside Director, TV Osaka Co., Ltd. Apr 2021 Senior Advisor, Yuasa M&B Co., Ltd. (current) Dec 2023 Advisor, Iwatani Corporation (current) Jun 2024 Director, the Company (current)
1953-05-27
Ryuko INOUE
Outside Director (Independent)
Apr 1981 Joined Ministry of Agriculture, Forestry and Fisheries Jan 2003 Minister, Embassy of Japan in Italy (Permanent Representative of Japan to FAO and WFP) Apr 2016 Research Coordinator, Secretariat of the Agriculture, Forestry and Fisheries Research Council Jul 2017 Retired from Ministry of Agriculture, Forestry and Fisheries Nov 2017 Registered as attorney-at-law; Of Counsel, Atsumi & Sakai (Gaikokuho Kyodo Jigyo) (current) Jun 2019 Outside Director, Nippon Steel Trading Corporation Jun 2021 Outside Director, the Company (current) Jun 2023 Outside Director, NS United Kaiun Kaisha, Ltd. Jan 2024 Outside Director, Digital Grid Inc. (current)
1957-01-08
Takuya KURITA
Outside Director (Independent)
Apr 1984 Joined Ministry of Construction (now Ministry of Land, Infrastructure, Transport and Tourism) Sep 2007 Counsellor, Cabinet Secretariat (Prime Minister's Official Residence) Jul 2009 Director, Community Development Promotion Division, Urban and Regional Development Bureau, MLIT Jul 2011 Counsellor, Secretariat of the Headquarters for Great East Japan Earthquake Reconstruction Feb 2012 Counsellor, Reconstruction Agency Aug 2013 Director, Personnel Division, MLIT Jul 2015 Director-General, Urban Bureau, MLIT Jul 2018 Director-General, Comprehensive Policy Bureau, MLIT Jul 2020 Vice Minister, MLIT Jul 2021 Retired as Vice Minister, MLIT Oct 2021 Advisor, Sumitomo Mitsui Trust Bank, Limited (current) Jun 2022 Outside Director, the Company (current)
1961-08-31
Takako SUZUKI
Outside Director (Independent)
Apr 1984 Joined Nissan Motor Co., Ltd. Aug 2001 Joined LVJ Group K.K. (now Louis Vuitton Japan K.K.) Jan 2010 Joined S.T. Corporation Apr 2013 Director and Representative Executive President, S.T. Corporation Mar 2020 Outside Director, Trusco Nakayama Corporation Jun 2021 Chairman of the Board and Representative Executive President, S.T. Corporation Sep 2022 Outside Director, King Jim Co., Ltd. Jun 2023 Chairman, S.T. Corporation (current) Jun 2024 Outside Director, the Company (current) Jun 2024 Outside Director, FUJIFILM Holdings Corporation (current) Jun 2025 Outside Director, Calbee, Inc. (current)
1962-03-05
Tadashi OKADA
Director
Apr 1992 Joined Cosmo Oil Co., Ltd. Apr 2019 General Manager, Sales Planning Department, Cosmo Oil Marketing Co., Ltd. Apr 2022 Director and Executive Officer, Cosmo Oil Marketing Co., Ltd. Apr 2023 Director (Managing Executive Officer), Cosmo Oil Marketing Co., Ltd. Apr 2026 Managing Executive Officer, the Company (current)
Yasuko TAKAYAMA
Outside Director (Audit and Supervisory Committee Member) (Independent)
Apr 1980 Joined Shiseido Company, Limited Apr 2009 General Manager, Customer and Social Relations Department, Shiseido Company, Limited Apr 2010 General Manager, CSR Department, Shiseido Company, Limited Jun 2011 Full-time Audit & Supervisory Board Member, Shiseido Company, Limited Jun 2015 Outside Director, Nippon Soda Co., Ltd.; Outside Director, The Chiba Bank, Ltd. (current) Jun 2016 Outside Audit & Supervisory Board Member, Mitsubishi Corporation Jun 2017 Outside Audit & Supervisory Board Member, Yokogawa Electric Corporation Jun 2019 Outside Director (Audit and Supervisory Committee Member), the Company (current) Jun 2024 Outside Director, Yokogawa Electric Corporation
1958-03-08
Keiichi ASAI
Outside Director (Audit and Supervisory Committee Member) (Independent)
Apr 1978 Joined Mitsubishi Corporation Apr 2009 Executive Officer, CEO Office Manager, Energy Business Group, Mitsubishi Corporation Apr 2013 Vice President, Lithium Energy Japan Co., Ltd. Sep 2014 Representative Director, President, KH Neochem Co., Ltd. Jun 2021 Outside Director (Audit and Supervisory Committee Member), the Company (current) Jun 2022 Outside Director, Sun Frontier Fudousan Co., Ltd. (current)
1954-09-29
Toshihiro KURIYAMA
Outside Director (Audit and Supervisory Committee Member) (Independent)
Apr 1980 Joined Alps Electric Co., Ltd. (now Alps Alpine Co., Ltd.) Jun 2004 Director, General Manager, Magnetic Device Business Division, Alps Electric Apr 2007 Director, General Manager, Business Development Division, Alps Electric Apr 2009 Director, General Manager, Technology Division, in charge of Technology and Quality, Alps Electric Jun 2011 Managing Director, Alps Electric Jun 2012 Representative Director, President, Alps Electric Jan 2019 Representative Director, President and Executive Officer, Alps Electric Jun 2023 Representative Director, Chairman, Alps Alpine Co., Ltd. Jun 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1957-04-25
Large Shareholding Reports
―
2023-12-08
8.85%→0.32%
―
2023-09-26
8.85%→8.85%
―
2023-09-06
8.85%→8.85%
―
2023-04-14
9.22%→8.85%
―
2022-11-22
9.22%→9.22%
―
2022-11-16
9.22%→9.22%
―
2022-10-20
9.21%→9.22%
―
2022-10-03
8.92%→9.21%
―
2022-09-15
8.94%→8.92%
―
2022-08-12
8.94%→8.94%
―
2022-08-05
8.22%→8.94%
―
2022-08-03
7.21%→8.22%
―
2022-08-01
6.74%→7.21%
―
2022-04-11
6.13%→6.74%
―
2022-04-07
5.14%→6.13%
―
2022-04-05
5.14%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-18
中期経営計画
TDnet
2026-05-28
株主総会招集通知
TDnet
2026-05-12
業績予想の修正
FY ending Mar 2026
TDnet
2026-05-12
Full-Year Earnings Flash
FY ending Mar 2026
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-20
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-08
Large Shareholding Report
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-09-26
Large Shareholding Report
EDINET
2023-09-06
Large Shareholding Report
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-22
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-04-14
Large Shareholding Report
EDINET
2023-02-09
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-22
Large Shareholding Report
EDINET
2022-11-16
Large Shareholding Report
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-10-20
Large Shareholding Report
EDINET
2022-10-03
Large Shareholding Report
EDINET
2022-09-15
Large Shareholding Report
EDINET
2022-08-12
Large Shareholding Report
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