Under supervision (confirmation) · Designated 2026-09-14 JPX notice
Overview
Foods

KADOYA SESAME MILLS INCORPORATED

Kadoya Sesame Mills is a leading Japanese manufacturer and seller of sesame oil and food sesame products, operating through its parent company and one consolidated subsidiary, Katagi Shokuhin Co., Ltd. The company serves a broad range of markets including household consumers, processed food manufacturers, and the foodservice/restaurant industry. Founded in 1858 on Shodoshima Island, Kadoya leverages longstanding brand heritage, quality certifications (FSSC 22000, Halal, Kosher), and dedicated production facilities in Shodoshima and Chiba (Sodegaura) to maintain a strong competitive position in Japan's sesame products market.

Market Cap
¥81.5B
US$519M
EV
¥67.3B
US$429M
Stock¥2,950▲+0.34%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
13.5
x
LTM EV/EBIT
17.1
x
LTM PER
28.4
x
LTM PBR
2.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+109.9%pt
100123
Oct 22, 25 – Oct 22, 26StockTOPIX
1Sep 2, 26Mergermarket report: Kadoya Sesame Mills confirms considering going private (Sep 1)
2Sep 3, 26Kadoya Seiyu weighs going private per Mergermarket report (Mitsubishi Corp-affiliated)
3Sep 15, 26Integral launches TOB to take Kadoya Sesame Mills private (¥2,514/share, ~¥58bn deal)
MC → EV Bridge
81.5BUS$519MMarket Cap0.06BUS$0.39M+ Debt11.6BUS$74.0M− Cash2.57BUS$16.4M− Inv. Sec.67.3BUS$429MEV
AI Briefing
ITG-G Holdings (Integral-backed) tender offer at ¥2,514/share, board-agreed, targeting take-private of Japan's storied 1858 sesame oil maker. FY26/3 revenue ¥40.0B, OP ¥3.8B (9.5% margin), steady growth on household, processed food and foodservice demand. Post-TOB plan includes squeeze-out leaving founder family and offeror as holders, then buyback and merger to fund US expansion and strengthen domestic profitability.
Performance & Balance
Revenue 5Y (¥B)
32.2US$205M'22/333.7US$215M'23/335.7US$227M'24/339.5US$251M'25/340.0US$255M'26/3
EBITDA 5Y (¥B)
5.05US$32.1M'22/34.15US$26.4M'23/34.42US$28.1M'24/34.30US$27.3M'25/34.88US$31.1M'26/3
Net Income 5Y (¥B)
2.77US$17.6M'22/32.31US$14.7M'23/32.26US$14.4M'24/32.36US$15.0M'25/32.72US$17.3M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
8.15US$51.9M'22/39.48US$60.4M0.07US$0.46M'23/311.6US$74.0M0.07US$0.43M'24/310.1US$64.3M0.07US$0.41M'25/314.6US$92.7M0.06US$0.39M'26/3
Shareholders
Top 10 hold 72.9%
1
Mitsubishi Corporation
26.88%
2
MITSUI & CO.,LTD. (Standing Proxy: Custody Bank of Japan, Ltd.)
21.91%
3
Ozawa Bussan Co., Ltd.
11.53%
4
Ozawa Shoji Co., Ltd.
4.64%
5
KOKUBU GROUP CORP.
3.03%
6
NISSIN FOODS HOLDINGS CO.,LTD.
1.62%
7
ITOCHU Corporation
1.41%
8
Custody Bank of Japan, Ltd. (Trust Account)
0.91%
9
KADOYA SESAME MILLS INCORPORATED Employee Stock Ownership Association
0.65%
10
SBI SECURITIES Co., Ltd.
0.36%
Management
12 officers
Atsushi KUME
Representative Director, Chairman
Apr 1978 Joined Mitsui & Co., Ltd. Jul 2006 General Manager, Petroleum Department, Mitsui & Co., Ltd. Apr 2010 Deputy General Manager, Financial Markets Division, Mitsui & Co., Ltd. Apr 2011 Executive Officer, General Manager, Finance & New Business Promotion Division, Mitsui & Co., Ltd. Apr 2013 Managing Executive Officer, General Manager, Next-Generation & Functional Promotion Division, Mitsui & Co., Ltd. Apr 2015 Senior Managing Executive Officer, General Manager, Kansai Branch, Mitsui & Co., Ltd. Apr 2016 Senior Managing Executive Officer, General Manager, Europe, Middle East & Africa Division, and President, Mitsui & Co. Europe Plc. Mar 2018 Resigned from Mitsui & Co., Ltd. Apr 2018 Joined the Company; Assistant to the President Jun 2018 Director, Executive Vice President, Executive Officer Jun 2019 Representative Director, President Apr 2025 Representative Director, Chairman (current)
1955-10-05
Junichi KITAGAWA
Representative Director, President
Apr 1994 Joined Mitsubishi Corporation Apr 1998 Oils & Fats Department, Mitsubishi Corporation Apr 2006 Seconded to Agrex Inc. Dec 2011 President, Sesaco Corporation Dec 2013 Corporate Planning Department, Mitsubishi Corporation Feb 2017 General Manager, Olam Business Unit, Mitsubishi Corporation Mar 2019 Vice President, UCC Europe Ltd. Apr 2022 General Manager, Global Consumer Products Department, Mitsubishi Corporation Apr 2024 Seconded to the Company; Executive Officer, Assistant to the President May 2024 Executive Officer, General Manager, Corporate Planning Department Jun 2024 Director, Executive Officer, General Manager, Corporate Planning Department; Director (part-time), Katagi Foods Co., Ltd. Apr 2025 Representative Director, President (current)
1972-02-26
Noboru NAGASAWA
Director, Executive Vice President, Executive Officer, General Manager, Overseas Sales Division
Apr 1987 Joined Mitsui & Co., Ltd. Mar 2002 General Manager, Food Department, Kuala Lumpur Branch, Mitsui & Co., Ltd. Mar 2009 Vice President, Wilsey Foods Inc. and Ventura Foods LLC Apr 2013 General Manager, Grain Business Department II, Grain Division, Food Division, Mitsui & Co., Ltd. Nov 2015 Vice President, United Grain Corporation Nov 2017 Vice President and General Manager, Americas Food & Retail Commodities Division, Mitsui & Co. (U.S.A.), Inc. Mar 2020 Seconded to the Company; Executive Officer, Assistant to the President May 2020 Executive Officer, General Manager, Overseas Business Division Jun 2021 Director, Executive Officer, General Manager, Corporate Planning Department Jun 2021 Director (part-time), Katagi Foods Co., Ltd. Jun 2023 Director, Managing Executive Officer, General Manager, Corporate Planning Department Apr 2024 Director, Managing Executive Officer, General Manager, Corporate Planning Department and Overseas Business Division May 2024 Director, Managing Executive Officer, General Manager, Overseas Business Division Apr 2025 Director, Senior Managing Executive Officer, General Manager, Overseas Business Division Apr 2025 Director (part-time), Katagi Foods Co., Ltd. (current) Apr 2026 Director, Executive Vice President, Executive Officer, General Manager, Overseas Sales Division (current)
1963-07-23
Naohiro IJIRI
Director, Senior Managing Executive Officer, General Manager, Production Division
Mar 1984 Joined the Company May 2002 Deputy General Manager, Research & Development Department Oct 2006 Deputy General Manager, Oils & Fats Department Apr 2007 General Manager, Oils & Fats Department Jun 2011 Executive Officer, General Manager, Oils & Fats Department Apr 2012 Executive Officer, General Manager, Research Department Jun 2014 Director, Executive Officer, General Manager, Research Department Jul 2016 Director, Executive Officer, General Manager, Business Development Project Office, and General Manager, Research Department Oct 2016 Director, Executive Officer, General Manager, Business Development Project Office, and General Manager, Research Department, Shodoshima Plant, Production Division Jan 2017 Director, Executive Officer, General Manager, Business Development Project Office, and General Manager, Production Planning Department, Production Division Nov 2017 Director (part-time), Katagi Foods Co., Ltd. (current) May 2020 Director, Executive Officer, General Manager, Production Division, and General Manager, Production Planning Department Jun 2021 Director, Managing Executive Officer, General Manager, Production Division, and General Manager, Production Planning Department Jul 2021 Director, Managing Executive Officer, General Manager, Production Division, General Manager, Production Planning Department, and General Manager, Production Technology Department Apr 2023 Director, Managing Executive Officer, General Manager, Production Division Apr 2025 Director, Senior Managing Executive Officer, General Manager, Production Division (current)
1960-10-30
Kiyomi SAITO
Director
Apr 1973 Joined Nihon Keizai Shimbun, Inc. Sep 1975 Joined Sony Corporation (currently Sony Group Corporation) Aug 1984 Joined Morgan Stanley Investment Banking Jan 1990 Executive Director, Morgan Stanley Investment Banking Apr 2000 President and Representative Director, J-Bond Co., Ltd. (currently J-Bond Toan Securities Co., Ltd.) Apr 2011 President and Representative Director, Toan Information Technology Co., Ltd. Jun 2021 Director, the Company (current) Oct 2021 Representative Director, J-Bond Toan Securities Co., Ltd. May 2025 Advisor, J-Bond Toan Securities Co., Ltd.
1950-12-01
Ken OHNISHI
Director
Apr 1978 Joined Japan Air Lines Co., Ltd. Apr 2007 President and Representative Director, JAL Engineering Co., Ltd. (Narita) Apr 2009 Executive Officer, Japan Airlines International Co., Ltd. (currently Japan Airlines Co., Ltd.) Jun 2009 President and Representative Director, Japan Air Commuter Co., Ltd. Feb 2010 Trustee Deputy and President, Japan Airlines International Co., Ltd. Nov 2010 President, Japan Airlines International Co., Ltd. Mar 2011 President and Representative Director, Japan Airlines International Co., Ltd. Apr 2011 President and Representative Director, Japan Airlines Co., Ltd. Feb 2012 Chairman and Representative Director, Japan Airlines Co., Ltd. Apr 2014 Chairman and Director, Japan Airlines Co., Ltd. Jul 2018 Special Advisor, Japan Airlines Co., Ltd. Jun 2021 Director, the Company (current)
1955-05-19
Makoto TAKEDA
Director
Oct 2001 Registered as an attorney-at-law (Japan) Sep 2008 Registered as an attorney-at-law (New York State) Apr 2009 Attorney, Litigation Division, Tokyo Legal Affairs Bureau (term-limited public official) Apr 2010 Assistant Director, Civil Litigation Division, Minister's Secretariat, Ministry of Justice (currently Litigation Bureau, Ministry of Justice) Apr 2012 Joined Tokyo Shiba Law Office (current) Apr 2018 Legal Counsel, the Company Jun 2022 Director, the Company (current)
1976-10-22
Fumiaki YAMAUCHI
Full-time Audit & Supervisory Board Member
Apr 1990 Joined Mitsubishi Corporation May 2010 Seconded to Agrex Inc., Vice President Oct 2013 Seconded to Agrex Inc. and Sesaco Corporation; Chief Executive Officer, Sesaco Corporation Sep 2017 Audit Department, Mitsubishi Corporation Oct 2019 Manager, Internal Control, Audit & Compliance Unit, CEO Office, Food Industry Group, Mitsubishi Corporation Jun 2021 Full-time Audit & Supervisory Board Member, the Company (current) Jun 2021 Audit & Supervisory Board Member (part-time), Katagi Foods Co., Ltd.
1966-10-28
Fumio TOYAMA
Full-time Audit & Supervisory Board Member
Oct 1989 Joined the Company Jun 2003 Manager, Accounting Section, Corporate Planning Department, the Company Feb 2004 Manager, Accounting Section, Administration Department, the Company Apr 2009 Manager, Human Resources Section, Administration Department, the Company Jun 2011 General Manager, Corporate Planning Department, the Company Sep 2016 General Manager, Internal Audit Office, the Company Jul 2017 Executive Officer, General Manager, Internal Audit Office, and General Manager, Quality Assurance Department, the Company Jun 2018 Executive Officer, General Manager, Internal Audit Office, the Company Jun 2021 Fellow, General Manager, Internal Audit Office, the Company Apr 2025 Fellow, Assistant to the President, the Company Jun 2025 Audit & Supervisory Board Member (part-time), Katagi Foods Co., Ltd. (current) Jun 2025 Full-time Audit & Supervisory Board Member, the Company (current)
1963-10-16
Tatsuo AKIMOTO
Audit & Supervisory Board Member
Apr 1985 Joined Dai-Ichi Kangyo Bank, Ltd. (currently Mizuho Bank, Ltd.) Apr 2009 General Manager, Hamamatsucho No. 2 Department, Mizuho Bank, Ltd. Jun 2011 Branch Manager, Shizuoka Branch, Mizuho Bank, Ltd. Apr 2013 Seconded to Ozawa Bussan Co., Ltd. Jun 2013 Executive Officer, Ozawa Bussan Co., Ltd. Apr 2014 Resigned from Mizuho Bank, Ltd. Jun 2014 Director, Ozawa Bussan Co., Ltd. Jun 2016 Director, Ozawa Shoji Co., Ltd. Jun 2018 Managing Director, Ozawa Bussan Co., Ltd. (current) Jun 2018 Managing Director, Ozawa Shoji Co., Ltd. (current) Jun 2020 Audit & Supervisory Board Member, the Company (current)
1962-01-06
Toshihiro YOKOO
Audit & Supervisory Board Member
Apr 1987 Joined Mitsui & Co., Ltd. Aug 2008 General Manager, Food & Retail Department, Mitsui & Co. (Guangdong) Trading Co., Ltd. Aug 2011 Manager, First Sales Office, Western Japan Food Department, Food & Retail Division, Mitsui & Co., Ltd. Jan 2013 Deputy General Manager, Sugar & Fermentation Department, Grain Division, Mitsui & Co., Ltd. Jan 2018 Seconded to ADEKA Food (Changshu) Co., Ltd. (General Manager, New Business Development Department) Feb 2021 Assistant General Manager, Oils & Fats and Staple Foods Business Division, Food Division, Mitsui & Co., Ltd. Dec 2021 Assistant General Manager, Emerging Business Division, Food Division, Mitsui & Co., Ltd. Jul 2024 Senior Manager, Emerging Business Division, Food Division, Mitsui & Co., Ltd. Jun 2025 Audit & Supervisory Board Member, the Company (current) Jul 2025 Senior Advisor, Consolidated Management Promotion Office, Food Division, Mitsui & Co., Ltd. (current)
1964-04-30
Hideo NISHIE
Audit & Supervisory Board Member
Apr 2000 Joined Mitsubishi Corporation Oct 2010 Seconded to Agrex Inc. Oct 2012 Grains Department, Mitsubishi Corporation Apr 2016 Olam Business Unit, Mitsubishi Corporation; Team Leader, Sesame Team Oct 2017 President, Sesaco Corporation Feb 2021 Team Leader, Food Ingredients Team, Global Consumer Products Department, Mitsubishi Corporation Nov 2022 General Manager, Oils & Fats Business Division, and General Manager, Sesame & Spices Business Division, MC Agri Alliance Co., Ltd. Apr 2026 Strategy Officer, Food & Wellness Business Division, Mitsubishi Corporation (current)
Large Shareholding Reports
Ozawa Bussan Co., Ltd.
2026-09-24
11.31%→11.31%
Annual report (as of 2026-03-31): 11.53%
Disclosures
Tender Offer
2026-09-14
Tender Offer
2026-09-14
Primary Source Filings
EDINETAmended
2026-10-08
訂正公開買付届出書
EDINETAmended
2026-09-25
訂正公開買付届出書
EDINET
2026-09-24
Large Shareholding Report
EDINET
2026-09-15
意見表明報告書
EDINET
2026-09-15
公開買付届出書
TDnet
2026-09-14
Tender Offer
TDnet
2026-09-14
Tender Offer
TDnet
2026-08-03
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-04
株主総会招集通知
TDnet
2026-02-05
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-01
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-01
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-06-22
Annual Securities Report
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
End of Preview

Try the full product

Free demo (no time limit, up to 10 companies). Explore Comps, DCF, LBO, WACC on every screen. Excel export is on the paid plan.

Free Demo (No Time Limit, 10 Companies) →