Overview
Foods

Mitsui DM Sugar Co.,Ltd.

DM Mitsui Sugar Holdings is Japan's largest sugar group, engaged primarily in the manufacture and sale of refined sugar, beet sugar, raw cane sugar, and functional sweeteners under its Sugar Business segment. The company also operates a Life & Energy Business covering food additives, natural food colorings, agar, nutritional therapy foods, and dysphagia-support foods, as well as a Real Estate Business focused on property leasing and solar power generation. The group serves a broad range of customers from industrial food manufacturers to retail consumers across Japan and select overseas markets.

Market Cap
¥117B
US$746M
EV
¥106B
US$673M
Stock¥3,760▲+0.13%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.6
x
LTM EV/EBIT
7.8
x
LTM PER
27.7
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-4.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
117BUS$746MMarket Cap35.1BUS$224M+ Debt31.5BUS$201M− Cash17.7BUS$113M− Inv. Sec.2.49BUS$15.9M+ NCI106BUS$673MEV
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Performance & Balance
Revenue 5Y (¥B)
148US$943M'22/3163US$1.04B'23/3171US$1.09B'24/3179US$1.14B'25/3180US$1.15B'26/3
EBITDA 5Y (¥B)
9.43US$60.1M'22/37.15US$45.6M'23/310.0US$63.8M'24/319.8US$126M'25/318.5US$118M'26/3
Net Income 5Y (¥B)
3.66US$23.3M'22/37.91US$50.5M'23/38.45US$53.9M'24/36.30US$40.1M'25/33.96US$25.3M'26/3
Capital Structure
76%
24%
EquityD/E 0.31xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
47.7US$304M30.0US$192M'22/344.0US$281M48.0US$306M'23/340.2US$257M44.7US$285M'24/357.3US$366M38.6US$246M'25/346.3US$295M37.6US$240M'26/3
Shareholders
Top 10 hold 62.4%
1
MITSUI & CO.,LTD. (Standing Proxy: Custody Bank of Japan, Ltd.)
27.55%
2
Mitsubishi Corporation
20.76%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
6.09%
4
Custody Bank of Japan, Ltd. (Trust Account)
2.08%
5
Sojitz Foods Corporation
2.03%
6
Wada Seito Co., Ltd.
1.06%
7
Nippon Beet Sugar Manufacturing Co.,Ltd.
0.80%
8
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
0.72%
9
DFA INTL SMALL CAP VALUE PORTFOLIO (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.66%
10
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
0.60%
Management
11 officers
Taku MORIMOTO
Representative Director, President, CEO
Apr 1981 Joined Mitsui & Co., Ltd. Apr 2005 Senior Vice President, Divisional Operating Officer, Chemicals & Inorganic Chemicals Division, Mitsui & Co. (U.S.A.), Inc., Americas Headquarters Apr 2013 Executive Officer, General Manager, Chemicals Business Department, Mitsui & Co., Ltd. Apr 2014 Executive Officer, General Manager, Functional Chemicals Business Unit, Mitsui & Co., Ltd. Apr 2016 Managing Executive Officer, General Manager, Performance Materials Business Unit, Mitsui & Co., Ltd. Apr 2017 Senior Managing Executive Officer, General Manager, Asia & Oceania Business Unit, Mitsui & Co., Ltd.; President, Mitsui & Co. Asia Pacific Pte. Ltd. Apr 2019 Executive Vice President, Executive Officer, General Manager, Asia & Oceania Business Unit, Mitsui & Co., Ltd. May 2020 Advisor, the Company Jun 2020 Representative Director, Executive Vice President, Executive Officer, the Company Oct 2020 Representative Director, President, Mitsui Sugar Absorption-Type Demerger Preparatory Co., Ltd. (currently DM Mitsui Sugar Co., Ltd.) Nov 2020 Representative Director, President, CEO, the Company (current)
1957-07-31
Kazuo NAKASO
Representative Director, Executive Vice President, Executive Officer, CEO Assistant, CBXO
Apr 1988 Joined Mitsubishi Corporation Jul 2010 Team Leader, Raw Sugar Team, Sugar Unit, Mitsubishi Corporation May 2013 General Manager, Consumer Products Division, Mitsubishi Corporation do Brasil S.A. Jun 2016 Director, Executive Officer, General Manager, Sales Division, and General Manager, Corporate Planning Department, Dai Nippon Meiji Sugar Co., Ltd. (currently DM Mitsui Sugar Co., Ltd.) Jun 2019 Director, Managing Executive Officer, General Manager, Sales Division, Dai Nippon Meiji Sugar Co., Ltd. Apr 2021 Executive Officer, the Company; Director, Managing Executive Officer, General Manager, Administration Division, and General Manager, Corporate Division, Dai Nippon Meiji Sugar Co., Ltd. (currently DM Mitsui Sugar Co., Ltd.) Apr 2022 Managing Executive Officer, the Company Oct 2022 Director, Managing Executive Officer, DM Mitsui Sugar Co., Ltd. Apr 2023 Director, Managing Executive Officer, Deputy General Manager, Production & Technology Division, DM Mitsui Sugar Co., Ltd. Apr 2025 Senior Managing Executive Officer, CEO Assistant, CBXO, the Company Jun 2025 Representative Director, Senior Managing Executive Officer, CEO Assistant, CBXO, the Company Apr 2026 Representative Director, Executive Vice President, Executive Officer, CEO Assistant, CBXO, the Company (current)
1965-10-02
Takuya TSUDA
Representative Director, Senior Managing Executive Officer, CBO
Apr 1987 Joined the Company Apr 2010 General Manager, Corporate Planning Department, Business Division, the Company Jun 2013 General Manager, Sugar Business Promotion Department, Sugar Business Division, the Company Apr 2014 Executive Officer, General Manager, Sugar Business Promotion Department, Sugar Business Division, the Company Sep 2015 Executive Officer, General Manager, Sugar Business Division, and General Manager, Sugar Business Promotion Department, the Company Apr 2017 Senior Executive Officer, General Manager, Business Creation Division, and General Manager, Business Development Department, the Company Jul 2018 Senior Executive Officer, General Manager, Sugar Business Division, the Company Apr 2020 Managing Executive Officer, General Manager, Sugar Business Division, the Company Jun 2020 Director, Managing Executive Officer, General Manager, Sugar Business Division, the Company Apr 2021 Executive Officer, Director, Managing Executive Officer, General Manager, Sugar Business Division, Mitsui Sugar Co., Ltd. (currently DM Mitsui Sugar Co., Ltd.) Apr 2022 Managing Executive Officer, the Company; Director, Managing Executive Officer, General Manager, Life & Energy Business Division, and General Manager, Business Development Department, Mitsui Sugar Co., Ltd. (currently DM Mitsui Sugar Co., Ltd.) Oct 2022 Director, Managing Executive Officer, General Manager, Life & Energy Business Development Division, DM Mitsui Sugar Co., Ltd. Apr 2023 Director, Managing Executive Officer, General Manager, Life & Energy Business Development Division, and General Manager, Overseas Business Division, DM Mitsui Sugar Co., Ltd. Apr 2024 Director, Managing Executive Officer, General Manager, Life & Energy Business Development Division, DM Mitsui Sugar Co., Ltd. Apr 2025 Senior Managing Executive Officer, CBO, the Company Jun 2025 Representative Director, Senior Managing Executive Officer, CBO, the Company (current)
1965-03-08
Masahiko MORI
Director, Managing Executive Officer, CFO
Apr 1985 Joined Mitsui & Co., Ltd. Sep 2016 Representative Director, President, Mitsui & Co. Financial Services, Ltd. Jan 2018 General Manager, Risk Management Department, Mitsui & Co., Ltd. Apr 2019 Executive Officer (Riji), General Manager, Risk Management Department, Mitsui & Co., Ltd. Apr 2022 Executive Officer, Assistant to CFO, the Company; Executive Officer, Mitsui Sugar Co., Ltd. (currently DM Mitsui Sugar Co., Ltd.) Jun 2022 Executive Officer, CFO, the Company; Director, Executive Officer, CFO, Mitsui Sugar Co., Ltd. (currently DM Mitsui Sugar Co., Ltd.) Apr 2024 Senior Executive Officer, CFO, the Company; Director, Senior Executive Officer, CFO, DM Mitsui Sugar Co., Ltd. Jun 2024 Director, Senior Executive Officer, CFO, the Company Apr 2025 Director, Managing Executive Officer, CFO, the Company (current)
1962-11-12
Tomohiro KOZUKA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1986 Joined Hokkaido Takushoku Bank, Ltd. Apr 1998 Joined the Company Oct 2007 General Manager, Finance & Accounting Division, the Company Apr 2010 General Manager, Accounting Department, Finance Division, the Company Jun 2013 General Manager, Corporate Planning Department, the Company Apr 2014 Executive Officer, General Manager, Corporate Planning Department, the Company Apr 2015 Executive Officer, General Manager, Human Resources Department, and General Manager, Corporate Planning Department, the Company Jun 2015 Executive Officer, General Manager, Human Resources Department, the Company Apr 2017 Senior Executive Officer, General Manager, General Affairs & Human Resources Department, the Company Apr 2019 Managing Executive Officer, General Manager, General Affairs & Human Resources Department, the Company Jun 2019 Managing Executive Officer, Senior Managing Director, Hokkaido Sugar Co., Ltd. Apr 2021 Managing Executive Officer, Mitsui Sugar Co., Ltd. (currently DM Mitsui Sugar Co., Ltd.) Apr 2022 Director, Vice President, Executive Officer, Hokkaido Sugar Co., Ltd. Apr 2023 Representative Director, Chairman, Hokkaido Sugar Co., Ltd. Jun 2024 Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1963-09-16
Takako KOTAKE
Outside Director
May 2004 Joined Coin Co., Ltd. (currently Cookpad Ltd.) Jul 2008 Executive Officer, Cookpad Ltd. Jul 2010 General Manager, President's Office, Cookpad Ltd. Feb 2012 Resigned from Cookpad Ltd. Jun 2013 Outside Director, Hokuto Corporation (current) Apr 2016 General Manager, Corporate Branding Division and Editorial Division, Cookpad Ltd. Jun 2018 Outside Director, Furyu Corporation Feb 2026 General Manager, Cooking Enjoyment Co-Creation Office, Cookpad Ltd. (current) Jun 2026 Outside Director, the Company (current)
1972-09-06
Satoshi SHIMOISHIKAWA
Outside Director
Apr 1995 Joined Mitsui & Co., Ltd. Jul 2012 General Manager, Global Grain Sales Office, Grain Logistics Department, Grain Division, Food Department, Mitsui & Co., Ltd. Jan 2015 General Manager, Grain Office, Mitsui & Co. Asia Pacific Pte. Ltd., Singapore Branch Jun 2019 General Manager, Rice, Wheat & Oilseeds Office, Food Business Division, Food Department, Mitsui & Co., Ltd. Apr 2020 Deputy General Manager, Planning Office, Corporate Planning Department, Mitsui & Co., Ltd. Apr 2022 Assistant General Manager, Food Business Division, Food Department, Mitsui & Co., Ltd. Apr 2024 General Manager, Food Business Division, Food Department, Mitsui & Co., Ltd. (current) Jun 2025 Outside Director, the Company (current)
1971-09-29
Satoshi TAKEKAWA
Outside Director
Apr 1997 Joined Mitsubishi Corporation Apr 2023 Business Planning & Digital Strategy, CEO Office, Food Industry Group, Mitsubishi Corporation Apr 2024 General Manager, Strategic Planning Office, Food Department, Mitsubishi Corporation Jun 2024 Outside Corporate Auditor, Kadoya Sesame Mills Co., Ltd. (current) Apr 2025 Strategy Officer, Food Department, Mitsubishi Corporation Apr 2026 General Manager, Flour & Sugar Division, Food Department, Mitsubishi Corporation (current) Jun 2026 Outside Director, the Company (current)
1975-02-22
Mihoko SOGABE
Outside Director, Audit and Supervisory Committee Member
Apr 1992 Joined Nihon Gogo Finance Co., Ltd. (currently Jafco Group Co., Ltd.) Apr 2001 Joined Asahi Audit Corporation (currently Azsa LLC) May 2005 Registered as Certified Public Accountant Jun 2018 Outside Corporate Auditor, Nikko Asset Management Co., Ltd. (currently Amova Asset Management Co., Ltd.); Director, The Japan Craft Association (current); Representative, Sogabe CPA Office (current) Jun 2019 Outside Director (Audit and Supervisory Committee Member), Nikko Asset Management Co., Ltd. (currently Amova Asset Management Co., Ltd.) (current) Jul 2020 Outside Corporate Auditor, Solbrain Co., Ltd. Apr 2021 Outside Director (Audit and Supervisory Committee Member), the Company (current) Mar 2023 Outside Director (Audit and Supervisory Committee Member), Dentsu Group Inc. Dentsu Group Inc. Outside Director
1969-12-10
Maiko CHIHARA
Outside Director, Audit and Supervisory Committee Member
Oct 2002 Registered as Attorney at Law; joined Nagashima Ohno & Tsunematsu Nov 2011 Joined Kataoka & Partners (currently Kataoka & Partners Law Office) Jan 2014 Partner Attorney, Kataoka & Partners (current) Jun 2014 Supervisory Officer, Tokio Marine Private REIT Investment Corporation (current) Jun 2015 Outside Corporate Auditor, Japan Avionics Co., Ltd. Dec 2017 Outside Corporate Auditor, Japan Renewable Energy Corporation (currently ENEOS Renewable Energy Corporation) Aug 2019 Outside Corporate Auditor, Bizreach, Inc. Feb 2020 Outside Director (Audit and Supervisory Committee Member), Visional, Inc. (current) Jun 2022 Outside Director (Audit and Supervisory Committee Member), the Company (current); Outside Corporate Auditor, yutori Inc. (current) Jun 2024 Outside Corporate Auditor, Tokyo Century Corporation (current)
1974-05-03
Hiroto TAMAI
Outside Director, Audit and Supervisory Committee Member
Apr 1980 Joined Showa Oil Co., Ltd. Apr 2005 General Manager, Supply Department, Showa Shell Sekiyu K.K. Mar 2006 Executive Officer, General Manager, Supply Department, Showa Shell Sekiyu K.K. Jul 2006 Executive Officer, General Manager, Supply Department and General Manager, Power Business Division, Showa Shell Sekiyu K.K. Mar 2007 Managing Executive Officer, General Manager, Supply Department and General Manager, Power Business Division, Showa Shell Sekiyu K.K. Mar 2013 Executive Vice President, Executive Officer, COO, Energy Solutions Business Division, Showa Shell Sekiyu K.K.; Representative Director, President, Solar Frontier K.K. Jul 2014 Executive Officer, COO, Energy Solutions Business Division, Showa Shell Sekiyu K.K.; Director, Chairman, Solar Frontier K.K. Mar 2015 Representative Director, President, Toa Oil Co., Ltd. Mar 2019 Representative Director, President, Seibu Oil Co., Ltd. Jul 2021 Advisor, Seibu Oil Co., Ltd. Jun 2023 Outside Director, Nippon Seiro Co., Ltd. (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1958-02-02
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-06-17
Amended Annual Securities Report
Period: Apr 2020 – Mar 2021
EDINETAmended
2026-06-17
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINETAmended
2026-06-17
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2026-06-17
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2026-06-17
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-06-20
Amended Annual Securities Report
Period: Apr 2019 – Mar 2020
EDINETAmended
2025-06-20
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2025-06-20
Amended Annual Securities Report
Period: Apr 2020 – Mar 2021
EDINETAmended
2025-06-20
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2025-06-20
Amended Annual Securities Report
Period: Apr 2018 – Mar 2019
EDINETAmended
2025-06-20
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-06-25
Amended Annual Securities Report
Period: Apr 2019 – Mar 2020
EDINETAmended
2024-06-25
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINETAmended
2024-06-25
Amended Annual Securities Report
Period: Apr 2020 – Mar 2021
EDINETAmended
2024-06-25
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2024-06-25
Amended Annual Securities Report
Period: Apr 2018 – Mar 2019
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