Overview
Foods

J-OIL MILLS, INC.

J-OIL MILLS is a leading Japanese edible oils and fats manufacturer engaged in the production, processing, and sale of household cooking oils, industrial/foodservice oils, and meal (soybean meal). The company also operates a Specialty Food segment focused on dairy-based plant-based foods (PBF) and food ingredients, alongside a real estate leasing business. Its heritage draws from legacy companies including Hohnen Corporation and Ajinomoto Oil Mills, giving it deep roots in Japan's oils and fats industry.

Market Cap
¥75.7B
US$483M
EV
¥69.9B
US$446M
Stock¥2,285▲+0.79%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.7
x
LTM EV/EBIT
14.0
x
LTM PER
14.5
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-9.8%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
75.7BUS$483MMarket Cap20.3BUS$130M+ Debt7.01BUS$44.7M− Cash19.2BUS$123M− Inv. Sec.0.16BUS$1.01M+ NCI69.9BUS$446MEV
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Performance & Balance
Revenue 5Y (¥B)
202US$1.29B'22/3260US$1.66B'23/3244US$1.56B'24/3231US$1.47B'25/3227US$1.44B'26/3
EBITDA 5Y (¥B)
4.79US$30.6M'22/35.52US$35.2M'23/311.9US$76.0M'24/312.6US$80.5M'25/38.49US$54.1M'26/3
Net Income 5Y (¥B)
1.95US$12.5M'22/30.99US$6.29M'23/36.79US$43.3M'24/37.00US$44.6M'25/34.75US$30.3M'26/3
Capital Structure
84%
EquityD/E 0.18xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
15.0US$95.9M31.9US$203M'22/314.3US$91.0M45.7US$292M'23/325.2US$160M29.8US$190M'24/323.0US$147M25.3US$161M'25/323.2US$148M19.7US$125M'26/3
Shareholders
Top 10 hold 53.4%
1
Ajinomoto Co.,Inc.
27.16%
2
MITSUI & CO.,LTD.
12.53%
3
The Master Trust Bank of Japan, Ltd. (Other Trust Account)
4.51%
4
J-OIL MILLS, INC. Business Partners' Stock Ownership Association
2.65%
5
The Master Trust Bank of Japan, Ltd. (Investment Trust Account)
2.56%
6
J-OIL MILLS, INC. Employee Stock Ownership Association
0.88%
7
Custody Bank of Japan, Ltd. (Other Trust Account)
0.86%
8
Custody Bank of Japan, Ltd. (Investment Trust Account)
0.83%
9
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
0.75%
10
Custody Bank of Japan, Ltd. (Trust Account E)
0.65%
Management
11 officers
Yuichiro HARUYAMA
Representative Director, President and Executive Officer, CEO
Apr 1993 Joined Sumitomo Chemical Industries Co., Ltd. (now Sumitomo Chemical Co., Ltd.) Dec 2019 Senior Strategic Officer, Dainippon Sumitomo Pharma Co., Ltd. (now Sumitomo Pharma Co., Ltd.) Feb 2020 EVP, Finance & Corporate Strategy, Sumitovant Biopharma, Inc. (now Sumitomo Pharma America, Inc.) Apr 2021 Chief Financial Officer, Sumitovant Biopharma, Inc. Sep 2022 Executive Fellow, Finance, Corporate Division, J-Oil Mills, Inc. Jun 2023 Executive Officer, J-Oil Mills, Inc. Jul 2023 Executive Officer, CFO, in charge of Finance and Corporate Strategy, and General Manager, Corporate Planning Department, J-Oil Mills, Inc. Jun 2024 Managing Executive Officer, CSO, in charge of Corporate Strategy, J-Oil Mills, Inc. Apr 2025 President and Executive Officer, CEO, J-Oil Mills, Inc. (current) Jun 2025 Representative Director, J-Oil Mills, Inc. (current)
1969-12-19
Kazuya KONDO
Director, Vice President and Executive Officer, CTO
Apr 1993 Joined Ajinomoto Co., Inc. Jul 2008 General Manager, Technology Department, Technology and Engineering Center, Ajinomoto (Thailand) Co., Ltd. Jul 2011 Plant Manager, Kamphaeng Phet No. 2 Plant (nucleic acids), Ajinomoto (Thailand) Co., Ltd. Jul 2014 General Manager, Technology Department, Production Control Center, Ajinomoto Co., Inc. Jul 2019 Vice President (in charge of Production, Technology and DX), Ajinomoto do Brasil Jul 2023 Executive Officer, in charge of Research and Development, and General Manager, R&D Center, J-Oil Mills, Inc. Apr 2025 Vice President and Executive Officer, CTO, and General Manager, R&D Division, J-Oil Mills, Inc. (current) Jun 2025 Director, J-Oil Mills, Inc. (current)
1968-03-05
Tatsuya SASAKI
Director
Apr 1986 Joined Ajinomoto Co., Inc. Jan 2011 General Manager, Nutrition Care Department, Ajinomoto Co., Inc. Jul 2013 General Manager, Corporate Planning Department, Ajinomoto Co., Inc. Jun 2017 Executive Officer, Ajinomoto Co., Inc. Jun 2019 Managing Executive Officer, Ajinomoto Co., Inc. Jul 2019 General Manager, Latin America Division, and President and Director, Ajinomoto do Brasil Jun 2021 Managing Executive Officer, Ajinomoto Co., Inc. Apr 2022 Senior Managing Executive Officer, Ajinomoto Co., Inc. Apr 2022 General Manager, Global Corporate Division and Corporate Services Division, Ajinomoto Co., Inc. Jun 2022 Director, Ajinomoto Co., Inc. Jun 2022 Outside Director, J-Oil Mills, Inc. (current) Apr 2023 General Manager, Corporate Division, Ajinomoto Co., Inc.
1963-06-25
Tadashi YOSHIZATO
Director
Apr 1991 Joined Mitsui & Co., Ltd. May 2006 Manager, Feed Grain Division, Food & Retail Division, Mitsui & Co., Ltd. Jul 2012 Manager, Feed, Livestock & Aquaculture Business Office, Grain Business Division, Food Division, Mitsui & Co., Ltd. Jan 2013 Assistant to CEO, Management Company Sodrugestvo Ltd. Oct 2014 Assistant General Manager, Grain Business Division I, Food Division, Mitsui & Co., Ltd. Jan 2018 Officer, President and CEO, Multigrain S.A. Apr 2019 General Manager, Oils & Fats and Staple Foods Business Division, Food Division, Mitsui & Co., Ltd. Jun 2020 Outside Director, Starzen Co., Ltd. (current) Apr 2021 General Manager, Livestock & Aquatic Products Business Division, Food Division, Mitsui & Co., Ltd. Apr 2024 Managing Officer, Assistant to General Manager, Food Division, Mitsui & Co., Ltd. (current) Jun 2024 Outside Director, Feed One Co., Ltd. (current) Jun 2024 Outside Director, J-Oil Mills, Inc. (current)
1967-04-28
Akiko IKEDA
Director
Apr 1983 Joined Daimaru Inc. (now Daimaru Matsuzakaya Department Stores Co., Ltd.) Apr 2003 Joined Ito-Yokado Co., Ltd. Mar 2011 Executive Officer, Ito-Yokado Co., Ltd. Apr 2016 President and Representative Director, Jolly Pasta Co., Ltd. Jun 2017 President and Representative Director, Coco's Japan Co., Ltd. Apr 2019 Director, Okamoto Co., Ltd. Jan 2023 Outside Director, Kura Sushi, Inc. Jun 2024 Outside Director, Nippon Shokubai Co., Ltd. (current) Jun 2024 Outside Director, J-Oil Mills, Inc. (current) Jun 2026 Outside Director, YAMAZEN Corporation (scheduled)
1960-07-26
Eiji OGAWA
Director
Apr 1985 Joined Teijin Limited May 2013 General Manager, Finance & IR Department, Teijin Limited Apr 2015 General Manager, Corporate Planning & Administration, Resin Business Division, Teijin Limited Apr 2016 Executive Officer, Teijin Group, and Head of Resin Business Division, Teijin Limited Apr 2019 Executive Officer, Teijin Group, in charge of Corporate Planning, Teijin Limited Jun 2020 Director and Executive Officer, in charge of Corporate Planning, Teijin Limited Apr 2021 Director and Managing Executive Officer, in charge of Corporate Planning, Teijin Limited Apr 2022 Director and Managing Executive Officer, in charge of Materials Business, Teijin Limited Apr 2023 Representative Director and Senior Managing Executive Officer, CFO, in charge of Accounting & Finance, and Procurement & Logistics, Teijin Limited (resigned Jun 2024) Jun 2024 Senior Managing Executive Officer, Teijin Group, Assistant to the President (special projects), Teijin Limited Jun 2026 Outside Director (Audit and Supervisory Committee Member), Ohsue Construction Co., Ltd. (scheduled)
Noriya YOKOTA
Director
Apr 1984 Joined Kirin Brewery Company, Limited (now Kirin Holdings Company, Limited) Mar 2014 Executive Officer, General Manager, Production Department, Production Division, Kirin Brewery Company, Limited Apr 2015 Director, Group Human Resources & General Affairs, Kirin Holdings Company, Limited; Executive Officer, General Manager, Human Resources & General Affairs Department, Kirin Company, Limited Mar 2017 Managing Executive Officer, Director, Group Corporate Strategy, Kirin Holdings Company, Limited; Director and Managing Executive Officer, Kirin Company, Limited; Director, Kyowa Hakko Kirin Co., Ltd. (now Kyowa Kirin Co., Ltd.) (resigned Mar 2022) Mar 2018 Director and Managing Executive Officer, Kirin Holdings Company, Limited (resigned Mar 2023); Managing Executive Officer, Kirin Company, Limited; Director, Kirin Business System Co., Ltd. Mar 2022 Director, Kirin Brewery Company, Limited Jun 2023 Outside Director (Audit and Supervisory Committee Member), Inabata & Co., Ltd. (current) Jan 2024 Senior Advisor, Newton Investment Partners K.K. (now Japan Activation Capital Co., Ltd.) (current)
Masami KASHIWAKURA
Standing Audit & Supervisory Board Member
Apr 1986 Joined Ajinomoto Co., Inc. Jul 2014 President, Ajinomoto Heartland Inc. Jun 2017 Executive Officer, Ajinomoto Co., Inc. Apr 2018 President, Ajinomoto Animal Nutrition North America, Inc. Jun 2019 President, Ajinomoto Animal Nutrition Group Jul 2021 President, Ajinomoto Foods Europe SAS, and Deputy Head, Europe & Africa Division, Ajinomoto Co., Inc. Apr 2022 Managing Executive Officer, Head of Europe & Africa Division, Ajinomoto Co., Inc., and President, Ajinomoto Europe Apr 2024 Advisor, J-Oil Mills, Inc. Jun 2024 Standing Audit & Supervisory Board Member, J-Oil Mills, Inc. (current)
1963-08-23
Masaki UENO
Audit & Supervisory Board Member
Apr 1986 Joined The Hokkaido Takushoku Bank, Ltd. Apr 1998 Joined Kirin Brewery Company, Limited (now Kirin Holdings Company, Limited) Mar 2012 General Manager, Legal Department, Kirin Holdings Company, Limited Jan 2013 General Manager, Legal Department, Kirin Company, Limited, and Director, Group Legal Affairs, Kirin Holdings Company, Limited Apr 2015 Executive Officer, General Manager, Legal Department, Kirin Company, Limited, and Executive Officer, Director, Group Legal Affairs, Kirin Holdings Company, Limited Apr 2019 Executive Officer, General Manager, Legal Department, Kirin Holdings Company, Limited Mar 2020 Outside Audit & Supervisory Board Member, Kyowa Kirin Co., Ltd. Jun 2024 Outside Audit & Supervisory Board Member, J-Oil Mills, Inc. (current)
1961-05-20
Mariko SUGAWARA
Audit & Supervisory Board Member
Apr 1994 Registered as Attorney-at-Law (Tokyo Bar Association) Apr 1994 Joined Ohara Law Office (current) Apr 2005 Part-time Lecturer, Meiji Gakuin University Law School Apr 2005 Part-time Lecturer, Faculty of Law, Keio University Dec 2023 Director, Japan Tax Litigation Association (General Incorporated Association) (current) Jun 2024 Outside Director, Sanken Electric Co., Ltd. (current) Jun 2025 Outside Audit & Supervisory Board Member, J-Oil Mills, Inc. (current)
1966-04-13
Masafumi TANABE
Audit & Supervisory Board Member
Oct 1985 Joined Eiwa Audit Corporation (now KPMG AZSA LLC) Mar 1989 Registered as Certified Public Accountant Oct 1999 Partner, Asahi Audit Corporation (now KPMG AZSA LLC) Jun 2021 Senior Executive Partner, KPMG AZSA LLC Jul 2022 Principal, Tanabe Certified Public Accountant Office (current) Jun 2025 Outside Audit & Supervisory Board Member, J-Oil Mills, Inc. (current)
1959-05-12
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
2026-05-29
株主総会招集通知
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-11-05
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-11-05
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnetAmended
2025-02-05
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2025-02-05
Amended Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-05
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-05
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-09
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-03
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-08
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-04
Quarterly Securities Report
EDINET
2021-11-05
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-24
Annual Securities Report
EDINET
2021-02-08
Quarterly Securities Report
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