Overview
Foods

FUJI OIL CO.,LTD.

Fuji Oil Co., Ltd. is a leading B2B food ingredients manufacturer specializing in plant-based oils and fats, industrial chocolate, emulsified and fermented ingredients, and soy-based protein materials. The company serves food manufacturers, confectionery, bakery, and dairy industries globally, offering specialty fats including cocoa butter equivalents, chocolate coatings, plant-based proteins, and functional dairy alternatives. Its competitive strengths lie in proprietary processing technologies (including USS fermentation and fractionation), a vertically integrated global supply chain spanning raw material sourcing to finished ingredients, and deep application expertise through co-development with customers.

Market Cap
¥390B
US$2.49B
EV
¥635B
US$4.05B
Stock¥4,536▲+0.84%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
11.3
x
LTM EV/EBIT
18.5
x
LTM PER
28.7
x
LTM PBR
1.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+15.6%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 10, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
390BUS$2.49BMarket Cap287BUS$1.83B+ Debt43.3BUS$276M− Cash3.67BUS$23.4M− Inv. Sec.4.19BUS$26.7M+ NCI635BUS$4.05BEV
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Performance & Balance
Revenue 5Y (¥B)
434US$2.77B'22/3557US$3.55B'23/3564US$3.60B'24/3671US$4.28B'25/3772US$4.93B'26/3
EBITDA 5Y (¥B)
30.3US$193M'22/328.6US$182M'23/336.1US$230M'24/327.9US$178M'25/351.2US$326M'26/3
Net Income 5Y (¥B)
11.5US$73.4M'22/36.13US$39.1M'23/36.52US$41.6M'24/32.23US$14.2M'25/311.1US$71.1M'26/3
Capital Structure
46%
54%
EquityD/E 1.16xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
23.0US$147M132US$839M'22/333.4US$213M168US$1.07B'23/343.5US$277M90.4US$577M'24/387.2US$556M292US$1.87B'25/346.8US$299M281US$1.79B'26/3
Shareholders
Top 10 hold 67.4%
1
ITOCHU Food Investment LLC
42.52%
2
Custody Bank of Japan, Ltd. (Trust Account)
6.97%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
6.50%
4
Morgan Stanley MUFG Securities Co., Ltd.
2.46%
5
Royce' Confect Co., Ltd.
1.86%
6
FUJI OIL CO.,LTD. Business Partners' Stock Ownership Association
1.72%
7
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
1.50%
8
ITOCHU Corporation
1.32%
9
Nippon Life Insurance Company
1.28%
10
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.24%
Management
12 officers
Tatsushi OMORI
Representative Director, President and CEO
Apr 1983 Joined the Company Mar 2004 General Manager, Shandong Longteng Fuji Food Co., Ltd. Apr 2008 Sales Department III Manager, Protein Food Sales Division, Protein Processed Foods Company Apr 2013 Sales Department I Manager, Sales Division I Apr 2014 Executive Officer Apr 2014 General Manager, Sales Division II Apr 2015 General Manager, Emulsifiers & Fermentation Business Division Apr 2017 Chief Operating Officer (COO) Apr 2017 Representative Director, President, Fuji Oil Co., Ltd. (merged into the Company in Apr 2025) Jun 2017 Director Apr 2019 Senior Executive Officer Jun 2021 Director (retired) Apr 2025 Executive Officer, President; Chief Executive Officer (CEO) (current) Jun 2025 Representative Director, President (current)
1960-04-28
Hiroyuki TANAKA
Director, Senior Executive Officer, Chief Operating Officer (COO)
Apr 1990 Joined ITOCHU Corporation Apr 2014 Seconded from ITOCHU Corporation to the Company Jun 2015 Director, Chief Financial Officer (CFO), HARALD INDÚSTRIA E COMÉRCIO DE ALIMENTOS LTDA Apr 2017 General Manager, Feed, Grain & Oilseeds Department, Food Division, ITOCHU Corporation Apr 2019 Acting General Manager, Food Division, and General Manager, Feed, Grain & Oilseeds Department, ITOCHU Corporation Sep 2020 Seconded from ITOCHU Corporation to the Company Oct 2020 Director, Blommer Chocolate Company, LLC (current) Apr 2021 Chairman, HARALD INDÚSTRIA E COMÉRCIO DE ALIMENTOS LTDA (current) Mar 2022 Resigned from ITOCHU Corporation Apr 2022 Joined the Company; Senior Executive Officer (current); Chief Strategy Officer (CSO) Jun 2022 Director (current) Apr 2025 Chief Operating Officer (COO) (current)
1968-01-03
Atsushi MAEDA
Director, Senior Executive Officer, Chief Financial Officer (CFO)
Apr 1990 Joined the Company Apr 2015 Director, FUJI OIL ASIA PTE. LTD. Jun 2018 Group Leader, Corporate Planning Group Jul 2021 Executive Officer; President, FUJI EUROPE AFRICA B.V. Jul 2023 Senior Executive Officer (current); Chief Financial Officer (CFO) (current) Jun 2024 Director (current)
1967-11-02
Toshiyuki UMEHARA
Director
Apr 1984 Joined Nitto Denko Corporation May 2005 Head of Production Division, Optical Business Unit, Nitto Denko Corporation Jul 2009 Business Unit Manager, Optical Business Unit, Nitto Denko Corporation Jun 2010 Executive Officer, General Manager, Optical Business Unit, Nitto Denko Corporation Jun 2013 Senior Executive Officer, Nitto Denko Corporation Aug 2014 Senior Executive Officer, CIO; General Manager, Corporate Strategy Division and IT Division, Nitto Denko Corporation Jun 2015 Director, Managing Executive Officer; General Manager, Automotive Materials Business Division, Nitto Denko Corporation Jun 2017 Director, Senior Managing Executive Officer, Nitto Denko Corporation Apr 2018 Director, Senior Managing Executive Officer, CTO and CIO; General Manager, Corporate Technology Division, Nitto Denko Corporation Jun 2019 Representative Director, Senior Managing Executive Officer, CTO; General Manager, Corporate Technology Division, Nitto Denko Corporation Jul 2020 Part-time Executive Director, Hokkaido University (current) Aug 2020 Specially Appointed Professor, Keio University Jun 2021 Outside Director of the Company (current) Jun 2022 Outside Director, Daiichi Kigenso Kagaku Kogyo Co., Ltd. (current) Jun 2022 Outside Director, Shinmaywa Industries, Ltd. (current) Apr 2023 Representative Director, JCCL Inc. (current)
1957-09-03
Tomoko TSUJI
Director
Apr 1979 Joined Ajinomoto Co., Inc. Feb 1987 Received Ph.D. in Agriculture, Institute of Applied Microbiology, University of Tokyo Mar 1988 Postdoctoral Researcher, The Rockefeller University, USA Nov 1988 Postdoctoral Researcher, The Pennsylvania State University, USA Dec 1989 Joined Sagami Chemical Research Center May 1999 Joined FANCL Corporation Jun 2004 Executive Officer, Director of Central Research Laboratories, FANCL Corporation Jun 2007 Director, Executive Officer, Director of General Research Laboratories, FANCL Corporation May 2008 Advisor, Nippon Suisan Kaisha, Ltd. (now Nissui Corporation) Apr 2009 Director, Institute of Life Function Science, Nippon Suisan Kaisha, Ltd. May 2015 Executive Officer; General Manager, Material Development Department, Group Product Division, Yoshinoya Holdings Co., Ltd. Jun 2020 Outside Director, Sundrug Co., Ltd. (current) Jun 2022 Outside Director of the Company (current) Jun 2025 R&D Executive Fellow, Yoshinoya Holdings Co., Ltd.
1956-08-16
Rie NAKAGAWA
Director
Aug 2003 Joined MISUMI Corporation (now MISUMI Group Inc.) Oct 2011 General Manager, Composite Processed Products Business Division, FA Business Unit, MISUMI Corporation Oct 2013 President, FA Processed Products Business Unit, MISUMI Corporation Oct 2015 Representative Executive Officer, President, FA Business Unit, MISUMI Corporation Oct 2020 Representative Executive Officer, User Service Platform, MISUMI Corporation Jan 2022 Representative Executive Officer, Sustainability Platform, MISUMI Corporation Dec 2022 Resigned from MISUMI Corporation Dec 2022 Director, COO, Grameen Japan (general incorporated association) (current) Jun 2023 Outside Director of the Company (current) Jun 2024 Outside Director, DUSKIN Co., Ltd. (current) Jun 2025 Outside Director, Nihon Lifeline Co., Ltd. (current)
1968-08-10
Yoshihiro TACHIKAWA
Director
Apr 1993 Joined ITOCHU Corporation Mar 1998 Resigned from ITOCHU Corporation Feb 2003 Rejoined ITOCHU Corporation Apr 2008 Seconded to Nippon Nutrition Co., Ltd. as President and Representative Director Apr 2020 General Manager, Feed & Grain Department, ITOCHU Corporation Apr 2020 Director, ITOCHU Shokuryo Co., Ltd. (current) Sep 2020 Director, ITOCHU Feed Co., Ltd. (current) Apr 2023 General Manager, Food Division, ITOCHU Corporation (current) Jun 2023 Outside Director of the Company (current) Apr 2025 Executive Officer, ITOCHU Corporation (current)
1971-01-07
Tetsuya SOGO
Director
Apr 1982 Joined NTN Toyo Bearing Co., Ltd. (now NTN Corporation) Apr 2007 General Manager, Corporate Planning Department, Corporate Planning Division, NTN Corporation Oct 2007 Deputy General Manager and General Manager, Corporate Planning Department, NTN Corporation Apr 2011 Executive Officer; General Manager, Americas Region, NTN Corporation Apr 2014 Managing Executive Officer; General Manager, Americas Region, NTN Corporation Apr 2018 Managing Executive Officer; General Manager, Finance Division, NTN Corporation Jun 2019 Executive Officer; General Manager, Finance Division, NTN Corporation Apr 2020 Executive Officer, Chief Financial Officer (CFO), NTN Corporation Jun 2025 Outside Director of the Company (current)
1959-12-03
Yusuke TOGAWA
Director, Full-time Audit and Supervisory Committee Member
Apr 1986 Joined the Company Oct 2012 Head of Emulsifiers & Fermented Foods Division Office, the Company Apr 2018 General Manager, Management Administration Department, Fuji Oil Co., Ltd. (merged into the Company in Apr 2025) Apr 2021 General Manager, Corporate Planning Department, Fuji Oil Co., Ltd. Jun 2024 Director (Full-time Audit and Supervisory Committee Member) of the Company (current)
1963-11-26
Hirohiko IKEDA
Director, Audit and Supervisory Committee Member
Oct 1984 Passed the Japanese bar examination Apr 1987 Registered as attorney; joined Ohebashi LPC & Partners May 1991 Graduated, University of Virginia School of Law Sep 1991 Worked at Weil, Gotshal & Manges LLP, New York Jun 1992 Admitted to the New York State Bar Apr 1993 Partner, Ohebashi LPC & Partners (current) Apr 2010 Visiting Professor, Osaka University Law School (current) Jun 2020 Audit & Supervisory Board Member of the Company Jun 2022 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2023 Outside Director (Audit and Supervisory Committee Member), Kyoto Shimbun Holdings Co., Ltd. (current)
1960-06-21
Yasuhiro TANI
Director, Audit and Supervisory Committee Member
Oct 1981 Joined Asahi & Co. (now Azusa Audit LLC) Apr 1985 Registered as Certified Public Accountant Apr 1986 Representative, Tani CPA Office (current) May 2003 Registered as Certified Tax Accountant Sep 2004 Visiting Professor, Graduate School of Beijing Central University of Finance and Economics Apr 2006 Professor, Globis University (current) Jun 2020 Outside Audit & Supervisory Board Member, ROHTO Pharmaceutical Co., Ltd. (current) Mar 2021 Outside Director (Audit and Supervisory Committee Member), Noritz Corporation Jun 2024 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Jul 2025 Lead Outside Director (Audit and Supervisory Committee Member), Noritz Corporation (current)
1956-10-11
Toshiaki YAMAGUCHI
Director (Audit and Supervisory Committee Member)
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-27
株主総会招集通知
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-08-27
中期経営計画
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
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
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-08-09
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-07
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-08
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-09
Quarterly Securities Report
EDINET
2022-08-04
Quarterly Securities Report
EDINET
2022-06-21
Annual Securities Report
EDINET
2022-02-08
Quarterly Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-05
Quarterly Securities Report
EDINET
2021-06-23
Annual Securities Report
EDINET
2021-02-09
Quarterly Securities Report
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