Overview
Foods

ARIAKE JAPAN Co.,Ltd.

Ariake Japan is a leading manufacturer and supplier of natural seasonings (including meat/poultry extracts, natural soup bases, and flavor ingredients) serving food manufacturers, foodservice operators, and convenience store chains primarily in Japan and internationally. The company operates production facilities across Japan, China, Taiwan, France, Belgium, the Netherlands, Indonesia, and the United States, supplying global food industry customers with high-quality, clean-label natural flavor solutions. Its competitive strengths lie in proprietary extraction and concentration technologies, a fully integrated global supply chain, and long-standing relationships with major food manufacturers worldwide.

Market Cap
¥167B
US$1.07B
EV
¥78.6B
US$501M
Stock¥5,250▼-0.19%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.6
x
LTM EV/EBIT
6.6
x
LTM PER
18.2
x
LTM PBR
1.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-25.8%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
167BUS$1.07BMarket Cap0.01BUS$0.05M+ Debt50.5BUS$322M− Cash39.5BUS$252M− Inv. Sec.1.38BUS$8.77M+ NCI78.6BUS$501MEV
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Performance & Balance
Revenue 5Y (¥B)
52.7US$336M'22/355.7US$355M'23/360.0US$383M'24/365.4US$417M'25/367.0US$427M'26/3
EBITDA 5Y (¥B)
12.4US$79.2M'22/310.2US$65.3M'23/310.6US$67.7M'24/313.3US$84.6M'25/314.0US$89.4M'26/3
Net Income 5Y (¥B)
7.71US$49.2M'22/36.39US$40.7M'23/37.35US$46.9M'24/38.21US$52.3M'25/39.46US$60.3M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
75.4US$481M0.04US$0.27M'22/377.7US$496M0.03US$0.22M'23/380.7US$515M0.03US$0.17M'24/391.9US$586M0.02US$0.11M'25/393.2US$594M0.01US$0.06M'26/3
Shareholders
Top 10 hold 72.6%
1
Japan Food Business Co., Ltd.
33.66%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
9.77%
3
Okada Kineo Memorial Scholarship Foundation (Public Interest Incorporated Foundation)
6.90%
4
Custody Bank of Japan, Ltd. (Trust Account)
6.40%
5
RBC IST 15 PCT NON LENDING ACCOUNT - CLIENT ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)
4.12%
6
JP MORGAN CHASE BANK 385839 (Standing Proxy: Mizuho Bank, Ltd.)
3.28%
7
OHSHO FOOD SERVICE CORP.
2.46%
8
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.38%
9
THE CHASE MANHATTAN BANK, N. A. LONDONSECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)
2.36%
10
Naoki OKADA
1.29%
Management
8 officers
Naoki SHIRAKAWA
Representative Director, President
Apr 1981 Joined Ariake Food Chemical Co., Ltd. Apr 1998 Manager, Quality Control Department, Kyushu Plant of the Company Mar 1999 Manager, Manufacturing Department, Kyushu Plant of the Company Jun 1999 Director, Manager, Manufacturing Department, Kyushu Plant of the Company Jun 2001 Director, Manager, Manufacturing Department No. 2 Plant of the Company May 2006 Director, Manager, Technology Development Department of the Company Jun 2015 Managing Director, Manager, Technology Development Department of the Company Oct 2015 Managing Director, General Manager, Manufacturing Headquarters of the Company Apr 2021 Representative Director, President of the Company (current) Oct 2023 President and Director, PT. Ariake Europe Indonesia (current) Chairman, Taiwan Ariake Food Co., Ltd. (current) Oct 2023 President and Representative Director, Ariake U.S.A., Inc. (current)
1957-02-28
Masahiko KAMEOKA
Senior Managing Director
Apr 1980 Joined ITOCHU Corporation, assigned to Machinery Team, China Office Apr 2008 General Manager, Food Distribution Department, ITOCHU Corporation Apr 2011 Head of Food Distribution Division, ITOCHU Corporation Apr 2012 Executive Officer, Head of Food Distribution Division, ITOCHU Corporation Apr 2013 Executive Officer, Executive Vice President, Food Company, and Head of Food Distribution Division, ITOCHU Corporation Apr 2014 Executive Officer, Executive Vice President, Food Company, and General Manager, China Business Promotion Department, ITOCHU Corporation Apr 2015 Seconded to Nippon Access, Inc. as Senior Managing Executive Officer, General Manager, Eastern Japan Sales Division Jun 2015 Director, Senior Managing Executive Officer, General Manager, Eastern Japan Sales Division, and General Manager, Kanto Area, Nippon Access, Inc. Apr 2017 Director, Senior Managing Executive Officer, General Manager, Eastern Japan Sales Division, Nippon Access, Inc. Apr 2021 Director, Senior Managing Executive Officer, General Manager, Wide-Area Sales Division, Nippon Access, Inc. Jun 2023 Joined the Company; Senior Managing Director, General Manager, Sales Headquarters of the Company (current)
1958-01-01
Koichi MATSUMOTO
Director, General Manager of Accounting Department and Head of Management Office
Feb 1979 Joined Ariake Food Chemical Co., Ltd. Apr 2001 General Manager, Accounting Department of the Company Jun 2007 Director, General Manager, Accounting Department, and Head of Management Office of the Company Jun 2013 Director, General Manager, Accounting Department of the Company Jan 2014 Auditor, Qingdao Ariake Food Co., Ltd. (current) Jun 2014 Director, General Manager, Accounting Department, and Head of Management Office of the Company (current) Apr 2015 Auditor, Taiwan Ariake Food Co., Ltd. (current) Mar 2016 Auditor, PT. Ariake Europe Indonesia (current) Nov 2021 Auditor, Rizhao Ariake Food Co., Ltd.
1958-03-30
Koji IWAKI
Director, General Manager of Sales Coordination Department
Feb 1998 Joined Ariake Food Chemical Sales Co., Ltd. Apr 2001 Joined the Company upon merger and dissolution of Ariake Food Chemical Sales Co., Ltd.; General Manager, Tokyo Sales Department No. 2 Jul 2013 Executive Officer, General Manager, Tokyo Sales Department No. 2 of the Company Jun 2015 Executive Officer, Head of Osaka Branch of the Company Sep 2016 Executive Officer, General Manager, General Affairs Department of the Company Apr 2018 Director, General Manager, General Affairs Department of the Company Jun 2018 Director, General Manager, Sales Coordination Department of the Company (current)
1965-02-18
Takahiko SASAKI
Director
Apr 1983 Joined Nitto Electric Industrial Co., Ltd. (now Nitto Denko Corporation), Overseas Sales Headquarters Aug 1986 Product Manager, Nitto Denko America, Inc., New York May 1991 Semiconductor Business Division, Nitto Denko Corporation Apr 1996 Joined Senshoku Keizai Shimbunsha Co., Ltd. as Manager, in charge of new business development Aug 1999 Joined Sanwa Research Institute Co., Ltd. (now Mitsubishi UFJ Research and Consulting Co., Ltd.) as Senior Consultant Jul 2015 Principal, Mitsubishi UFJ Research and Consulting Co., Ltd. Jul 2019 Established Sasaki Business & Lifestyle Consulting Co., Ltd., Principal (current) Jun 2023 Outside Director of the Company (current) Mar 2026 Chair, Nomination and Remuneration Committee of the Company (current)
1959-06-13
Seiji HOSHINO
Director (Audit and Supervisory Committee Member, Chair)
Oct 2000 Joined Chuo Aoyama Audit Corporation (Misuzu Audit Corporation) Passed the third-stage Japanese Certified Public Accountant examination Apr 2004 Joined Kumamoto Audit Corporation Jul 2007 Established Hoshino Certified Public Accountant Office; Head of Office (current) Jul 2007 Internal Control Consultant to the Company (current) Jul 2008 Partner, Kumamoto Audit Corporation Jul 2010 Kumamoto Audit Corporation Jul 2020 Managing Partner, Kumamoto Audit Corporation (current) Jun 2022 Outside Director (Audit and Supervisory Committee Member) of the Company Jun 2022 Outside Director (Audit and Supervisory Committee Member, Chair) of the Company (current)
1972-07-23
Masayuki ABE
Director (Audit and Supervisory Committee Member)
Apr 1980 Joined Kao Soap Co., Ltd. (now Kao Corporation) Mar 2003 General Manager, Information Technology Group, Kao Corporation Oct 2010 General Manager, Strategic Planning Department, Kao Corporation Dec 2013 Head of Information Systems Division, Kao Corporation Mar 2015 Executive Officer, Kao Corporation Dec 2017 Left Kao Corporation Apr 2018 Advisor, TOPPAN Forms Co., Ltd. (now TOPPAN Edge Inc.), Digital Business Division (now Information Systems Division) Jun 2021 Outside Director, Nifco Inc. Jun 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1956-10-05
Sachiko TAKATORI
Director (Audit and Supervisory Committee Member)
Apr 1988 Joined Ajinomoto Co., Inc. Jul 2014 General Manager, Shanghai Ajinomoto Food Research & Development Center Co., Ltd. Jul 2020 General Manager, Sustainability Promotion Department, Ajinomoto Co., Inc. Apr 2023 Executive Officer, General Manager, Sustainability Promotion Department, Ajinomoto Co., Inc. Apr 2024 Group Executive Specialist (Sustainability), Ajinomoto Co., Inc. Mar 2025 Left Ajinomoto Co., Inc. Jun 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2025 Outside Director, Morinaga Milk Industry Co., Ltd. (current)
1965-08-19
Large Shareholding Reports
Japan Food Business Co., Ltd. (Representative Director Naoki OKADA)
2026-08-24
32.67%→32.67%
Global Alpha Capital Management Ltd.
2026-06-26
6.56%→5.53%
Artisan Investments GP LLC
2026-06-05
5.20%→4.18%
Global Alpha Capital Management Ltd.
2026-05-07
7.56%→6.56%
Japan Food Business Co., Ltd. (Representative Director Naoki OKADA)
2026-03-23
32.67%
Global Alpha Capital Management Ltd.
2025-08-18
8.59%→7.56%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-24
Large Shareholding Report
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-26
Large Shareholding Report
EDINET
2026-06-17
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-05-07
Large Shareholding Report
EDINET
2026-03-23
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-08-18
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-18
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-06-28
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Apr 2023 – Sep 2023
EDINET
2023-08-04
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-07-03
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-08
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-06-21
Annual Securities Report
EDINET
2022-02-04
Quarterly Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-21
Annual Securities Report
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