Overview
Foods

Showa Sangyo Co.,Ltd.

Showa Sangyo is a major Japanese food ingredient manufacturer engaged in the production and sale of wheat flour, vegetable oils, and saccharified products (including glucose and corn starch), as well as compound animal feed. The company operates across four key categories—milling, oils & fats, carbohydrates, and feed—serving food manufacturers, retailers, and the livestock industry through its extensive group network. Additional businesses include bakery product manufacturing for convenience stores, frozen foods, warehouse/silo operations, and real estate leasing.

Market Cap
¥129B
US$823M
EV
¥119B
US$760M
Stock¥3,970▲+0.51%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.3
x
LTM EV/EBIT
9.7
x
LTM PER
12.2
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+7.6%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
129BUS$823MMarket Cap54.3BUS$346M+ Debt6.05BUS$38.6M− Cash61.5BUS$392M− Inv. Sec.3.31BUS$21.1M+ NCI119BUS$760MEV
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Performance & Balance
Revenue 5Y (¥B)
288US$1.83B'22/3335US$2.14B'23/3346US$2.21B'24/3334US$2.13B'25/3335US$2.14B'26/3
EBITDA 5Y (¥B)
15.6US$99.2M'22/314.1US$89.9M'23/323.4US$149M'24/321.5US$137M'25/322.3US$142M'26/3
Net Income 5Y (¥B)
4.01US$25.5M'22/37.78US$49.6M'23/312.4US$78.8M'24/311.6US$74.0M'25/310.6US$67.7M'26/3
Capital Structure
74%
26%
EquityD/E 0.36xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
38.7US$247M52.9US$338M'22/339.4US$251M61.4US$392M'23/352.2US$333M54.0US$344M'24/355.3US$353M50.6US$323M'25/366.9US$426M51.0US$325M'26/3
Shareholders
Top 10 hold 37.6%
1
ITOCHU Corporation
7.00%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
6.40%
3
MITSUI & CO.,LTD. (Standing Proxy: Custody Bank of Japan, Ltd.)
4.70%
4
Showa Sangyo Co.,Ltd. Business Partners' Stock Ownership Association
3.80%
5
YUASA FUNASHOKU Co.,Ltd.
3.80%
6
Cargill Japan LLC
2.90%
7
Showa Sangyo Co.,Ltd. Employee Stock Ownership Association
2.50%
8
The Chiba Bank,Ltd.
2.40%
9
Mizuho Trust & Banking Co., Ltd. (Retirement Benefit Trust, Mizuho Bank, Ltd. Account; Re-trustee: Custody Bank of Japan, Ltd.)
2.30%
10
Marubeni Corporation
1.80%
Management
11 officers
Kazuhiko NIIZUMA
Director, Chairman of the Board
Apr 1981 Joined the Company Jun 2001 General Manager, Wide-Area Sales Division Nov 2006 General Manager, Flour Milling Department Jun 2009 Executive Officer Jun 2012 Managing Director Jun 2014 Senior Managing Director Apr 2016 Representative Director, President Apr 2020 Representative Director, President and Executive Officer Apr 2023 Representative Director, Chairman Apr 2026 Director, Chairman of the Board (current)
1957-10-01
Hideyuki TSUKAGOSHI
Representative Director, President and Executive Officer
Feb 1992 Joined the Company Jun 2013 General Manager, Fukuoka Branch Apr 2015 General Manager, Corporate Planning Department Apr 2018 Executive Officer Apr 2021 Managing Executive Officer Jun 2021 Director, Managing Executive Officer Apr 2023 Representative Director, President and Executive Officer (current)
1965-12-19
Takaaki SUZUKI
Director, Senior Managing Executive Officer, in charge of Business and Sales Divisions
Apr 1990 Joined the Company Jun 2014 General Manager, Wide-Area Sales Department Apr 2020 Executive Officer Apr 2024 Managing Executive Officer Apr 2025 Senior Managing Executive Officer Jun 2025 Director, Senior Managing Executive Officer (current)
1967-07-24
Michiyo SENBA
Director, Managing Executive Officer, in charge of Technical Division
Apr 1988 Joined the Company Apr 2016 General Manager, Quality Assurance Department Apr 2018 General Manager, CSR Promotion Department Apr 2020 Executive Officer Apr 2026 Managing Executive Officer Jun 2026 Director, Managing Executive Officer (scheduled to take office)
1965-08-22
Kiyoshi SHIRAI
Director, Managing Executive Officer, in charge of Corporate Division
Apr 1992 Joined the Company Apr 2020 General Manager, Internal Audit Department Apr 2023 General Manager, Finance and Accounting Department Apr 2025 Executive Officer Apr 2026 Managing Executive Officer Jun 2026 Director, Managing Executive Officer (scheduled to take office)
1969-11-30
Naoko MIKAMI
Outside Director
Apr 1983 Joined Ajinomoto Co., Inc. Apr 2007 Visiting Professor, Musashino University Jan 2010 Joined C'BON Cosmetics Co., Ltd. Apr 2010 General Manager, Tochigi Plant, C'BON Cosmetics Co., Ltd. Jun 2011 Executive Officer in charge of Production, C'BON Cosmetics Co., Ltd. Jun 2012 Director in charge of Production, C'BON Cosmetics Co., Ltd. Jun 2013 Director and Executive Officer, General Manager of Sales, C'BON Cosmetics Co., Ltd. Apr 2017 In charge of Administration Division, C'BON Cosmetics Co., Ltd. Jun 2017 Managing Director and Executive Officer, C'BON Cosmetics Co., Ltd. Jun 2019 Representative Director, Senior Vice President and Executive Officer, C'BON Cosmetics Co., Ltd. Jan 2020 Representative Director, Senior Vice President and Executive Officer in charge of Product Development Division, C'BON Cosmetics Co., Ltd. Apr 2021 Director, C'BON Cosmetics Co., Ltd. Jun 2021 Outside Director of the Company (current) Mar 2022 Outside Director, Earth Corporation (current) Mar 2024 Outside Director, Kuraray Co., Ltd. (current) Mar 2025 Outside Director, Kirin Holdings Company, Limited (current)
1961-03-12
Akira KARASAWA
Outside Director
Apr 1983 Joined the Ministry of Agriculture, Forestry and Fisheries Apr 2010 Director-General, Fisheries Policy Department, Ministry of Agriculture, Forestry and Fisheries Jul 2014 Director-General, Agricultural Production Bureau, Ministry of Agriculture, Forestry and Fisheries Oct 2015 Senior Policy Coordinator, Ministry of Agriculture, Forestry and Fisheries Jul 2019 Ambassador Extraordinary and Plenipotentiary to the Republic of Palau Feb 2023 Executive Advisor, Norinchukin Bank Jun 2024 Outside Director of the Company (current) Jun 2025 Outside Director, Genki Global Dining Concepts Co., Ltd. (current)
1960-01-19
Mami TAIRA
Outside Director
Oct 1987 Joined Sanwa Tohmatsu Aoki Audit Corporation (currently Deloitte Touche Tohmatsu LLC) Oct 1990 Joined Yoshio Hayakawa Tax Accountant Office Sep 1991 Registered as Certified Public Accountant Apr 1992 Registered as Certified Tax Accountant Oct 2002 Partner, Hayakawa & Taira Accounting Tax Corporation (current) May 2011 Outside Audit & Supervisory Board Member, AEON MALL Co., Ltd. May 2014 Outside Director, AEON MALL Co., Ltd. Mar 2016 Outside Audit & Supervisory Board Member, Iseki & Co., Ltd. Jun 2016 Outside Director (Audit and Supervisory Committee Member), Suzuden Corporation (current) Jun 2020 Outside Director (Audit and Supervisory Committee Member), Sushiro Global Holdings Ltd. (now FOOD & LIFE COMPANIES Ltd.) (current) Jun 2024 Outside Director of the Company (current)
1962-02-20
Susumu OYANAGI
Director (Audit and Supervisory Committee Member)
Apr 1983 Joined The Nippon Kogyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2008 General Manager, Securities Department, Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2010 General Manager, Credit Engineering Department, Mizuho Corporate Bank, Ltd. Apr 2012 General Manager, General Affairs Department of the Company Jun 2013 Executive Officer Apr 2016 Managing Executive Officer Jun 2018 Director, Managing Executive Officer Apr 2023 Director Jun 2023 Director (Audit and Supervisory Committee Member) (current)
1959-04-25
Toshihiro TESHIMA
Outside Director (Audit and Supervisory Committee Member)
Apr 1983 Joined Yamaichi Securities Co., Ltd. Apr 1987 Joined Smith Barney Securities Co. Sep 1992 Joined Yasuda Fire & Marine Insurance Company, Limited Jul 2007 General Manager, Corporate Planning Department, Yasuda Corporate Investment Co., Ltd. Jun 2008 Representative Director, Senior Managing Director, Yasuda Corporate Investment Co., Ltd. Apr 2017 Executive Officer, General Manager, Legal Department, Sompo Japan Nipponkoa Insurance Inc. (now Sompo Japan Insurance Inc.); Executive Officer, General Manager, Legal Department, SOMPO Holdings, Inc. Apr 2018 Managing Executive Officer, Sompo Japan Nipponkoa Insurance Inc. (now Sompo Japan Insurance Inc.) Jun 2021 Director, SOMPO Holdings, Inc. Jun 2023 Outside Director (Audit and Supervisory Committee Member), Mizuho Trust & Banking Co., Ltd. (current) Jun 2023 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Mar 2024 Outside Audit & Supervisory Board Member, Katakura Industries Co., Ltd. (current)
1960-10-24
Joji SUGO
Outside Director (Audit and Supervisory Committee Member)
Apr 1984 Joined The Chiba Bank, Ltd. Jun 2002 General Manager, Makuhari Shintoshin Branch, The Chiba Bank, Ltd. Feb 2006 General Manager, Corporate Business Department, Ichikawa Branch, The Chiba Bank, Ltd. Jun 2011 General Manager, Market Operations Department, The Chiba Bank, Ltd. Jun 2013 General Manager, Credit Examination Department, The Chiba Bank, Ltd. Jun 2014 Executive Officer, General Manager, Credit Examination Department, The Chiba Bank, Ltd. Jun 2016 Managing Director and Executive Officer, The Chiba Bank, Ltd. Jun 2018 Director and Vice President, Chibagin Research Institute Co., Ltd. Jun 2021 President and Director, Chibagin JCB Card Co., Ltd. (now Chibagin Card Co., Ltd.) Jun 2021 President and Director, Chibagin DC Card Co., Ltd. (now Chibagin Card Co., Ltd.) Jun 2023 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2024 Chairman and Director, Chibagin Lease Co., Ltd. (current)
1961-09-19
Large Shareholding Reports
Mizuho Bank, Ltd.
2025-12-22
4.70%→2.73%
ITOCHU Corporation
2025-12-15
7.70%→6.94%
Annual report (as of 2026-03-31): 7.00%
Mizuho Bank, Ltd.
2025-11-10
4.82%→4.70%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-22
Large Shareholding Report
EDINET
2025-12-15
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-10
Large Shareholding Report
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2024-08-29
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
TDnet
2024-08-05
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-07-18
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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