Overview
Foods

NIHON SHOKUHIN KAKO CO.,LTD.

Nippon Shokuhin Kako is a manufacturer of corn-based processed products, including starches, sweeteners (saccharified products), fine chemicals, and by-products derived from wet-milling of corn. The company serves food, beverage, pharmaceutical, and industrial markets primarily in Japan, with operations also in Asia through its consolidated subsidiary Asia Modified Starch Co., Ltd. (AMSCO). As Japan's first wet-process corn milling enterprise, the company leverages its longstanding technical expertise and a strategic distribution relationship with its parent company, Mitsubishi Corporation.

Market Cap
¥23.5B
US$150M
EV
¥29.3B
US$187M
Stock¥4,915▼-0.30%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.4
x
LTM EV/EBIT
19.4
x
LTM PER
18.6
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+15.6%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
23.5BUS$150MMarket Cap11.2BUS$71.3M+ Debt0.26BUS$1.66M− Cash5.08BUS$32.4M− Inv. Sec.29.3BUS$187MEV
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Performance & Balance
Revenue 5Y (¥B)
50.6US$323M'22/364.6US$412M'23/366.7US$425M'24/362.7US$400M'25/363.0US$402M'26/3
EBITDA 5Y (¥B)
3.71US$23.6M'22/35.84US$37.2M'23/34.98US$31.7M'24/34.03US$25.7M'25/34.36US$27.8M'26/3
Net Income 5Y (¥B)
1.37US$8.74M'22/32.61US$16.6M'23/32.43US$15.5M'24/31.53US$9.74M'25/31.17US$7.45M'26/3
Capital Structure
73%
27%
EquityD/E 0.37xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
0.49US$3.10M7.49US$47.8M'22/30.59US$3.79M11.0US$70.1M'23/30.38US$2.45M7.90US$50.4M'24/35.18US$33.0M10.9US$69.5M'25/35.38US$34.3M8.18US$52.2M'26/3
Shareholders
Top 10 hold 73.0%
1
Mitsubishi Corporation
60.49%
2
Sanwa Starch Industry Co., Ltd.
4.11%
3
Horiuchi Unyu Co., Ltd.
2.10%
4
Rika KOBAYASHI
1.67%
5
Ueda Yagi Tanshi Co., Ltd.
1.25%
6
Rakuten Securities, Inc. (Joint Account)
0.79%
7
Isao WATAI
0.73%
8
Masafumi KOSHO
0.67%
9
NIHON SHOKUHIN KAKO CO.,LTD. Employee Stock Ownership Association
0.62%
10
Fumio TAKAISHI
0.60%
Management
9 officers
Tsuyoshi ITO
Director, Managing Executive Officer, in charge of Operations and Procurement
Apr 1989 Joined the Company Jun 2012 General Manager, Operations Department Jul 2014 General Manager, Corporate Planning Office Apr 2016 General Manager, General Affairs Department Feb 2018 General Affairs Department Apr 2018 Executive Officer, President, Asia Modified Starch Co., Ltd. Apr 2021 Executive Officer, in charge of Operations and Procurement Jun 2022 Director, Executive Officer, in charge of Operations and Procurement Apr 2024 Director, Managing Executive Officer, in charge of Operations and Procurement (current)
1964-11-25
Koichiro SATO
Director (Audit and Supervisory Committee Member)
Apr 1982 Joined Mitsui Petrochemical Industries, Ltd. (now Mitsui Chemicals, Inc.) Apr 2010 General Manager, Elastomer Business Division, Functional Resins Business Unit, Mitsui Chemicals, Inc. Apr 2012 Managing Officer, General Manager, Elastomer Business Division, Functional Resins Business Unit, Mitsui Chemicals, Inc. Apr 2014 Executive Officer, General Manager, Elastomer Business Division, Functional Resins Business Unit, Mitsui Chemicals, Inc. Mar 2015 Executive Officer, Americas Regional Head, and President, Mitsui Chemicals America, Inc. Apr 2017 Executive Officer, Deputy General Manager, Mobility Business Unit, Mitsui Chemicals, Inc. Apr 2018 Managing Executive Officer, General Manager, Mobility Business Unit, Mitsui Chemicals, Inc. Apr 2021 Advisor, Mitsui Chemicals, Inc. Jun 2022 Director (Audit and Supervisory Committee Member) of the Company (current)
1958-03-19
Junko SAKIYAMA
Director (Audit and Supervisory Committee Member)
Apr 1983 Joined Meiji Seika Kaisha, Ltd. (now Meiji Co., Ltd.) Nov 1985 Joined Yokohama YMCA Foundation (public interest foundation) May 1988 Joined Mars Foods K.K. (now Mars Japan Limited) Jul 1993 Joined Kalter Food Science K.K. (now Danisco Japan Ltd.) Jan 1999 Director, Kalter Food Science K.K. Jun 2002 Director, Danisco Japan Ltd. Jan 2006 Director and Vice President, Organo Danisco Food Technology K.K. (now Organo Food Tech Co., Ltd.) Jul 2008 Representative Director and Executive Vice President, Genencor Kyowa K.K. (now Danisco Japan Ltd.) Jan 2010 Representative Director and President, Genencor Kyowa K.K. May 2011 General Manager, Genencor Business Division, and Asia Regional Manager, Enzymes for Detergents Business, Danisco Japan Ltd. Jun 2012 General Manager, Texturizing Solutions Department, Cargill Japan K.K. (now Cargill Japan LLC) Aug 2019 Representative Member, GK Saki Consulting (current) Mar 2020 Outside Director, Outsourcing Inc. Jun 2022 Director (Audit and Supervisory Committee Member) of the Company (current) May 2025 Outside Director, Seihyo Co., Ltd. (current)
1959-09-19
Keiko INOUE
Director (Audit and Supervisory Committee Member)
Dec 2009 Registered with the Daini Tokyo Bar Association; joined Chuo Godo Law Office (now JMP Law Office) (current) Jun 2024 Director (Audit and Supervisory Committee Member) of the Company (current)
1975-10-22
Takamasa WAKAKI
Representative Director, President
Apr 1992 Joined Mitsubishi Corporation Oct 2011 Seconded to Zhongliang Meat Investment Co., Ltd. as Deputy General Manager Apr 2015 Seconded to Mitsubishi Corporation (China) Commercial Co., Ltd. as COFCO Business Manager Jan 2016 General Manager, Feed and Livestock Department, Mitsubishi Corporation Apr 2020 Business Investment Officer, CEO Office, Food Industry Group, Mitsubishi Corporation Mar 2021 Seconded to Ito Ham Yonekyu Holdings Inc. as Director, Managing Executive Officer, General Manager, Meat Business Division Apr 2023 Deputy Chief Representative, China, Mitsubishi Corporation; seconded to Mitsubishi Corporation (Shanghai) Co., Ltd. as Chairman and General Manager Apr 2026 President of the Company Jun 2026 Representative Director, President of the Company (current)
1968-08-15
Itaru TANNO
Director, Executive Officer, in charge of Corporate Planning, Overseas Business and Sales
Apr 1993 Joined Mitsubishi Corporation Jun 1999 Food Department, Kansai Branch, Mitsubishi Corporation Feb 2004 Starch & Beer Unit, Grain Division, Mitsubishi Corporation Apr 2005 Seconded to Asia Modified Starch Co., Ltd. May 2009 Sugar Unit, Agri-Marine Products Division, Mitsubishi Corporation Apr 2014 President, Asia Modified Starch Co., Ltd. Apr 2018 Strategic Planning Office, Consumer Products Division, Mitsubishi Corporation Nov 2018 General Manager, Global Consumer Products Department, Consumer Products Division, Mitsubishi Corporation Apr 2019 General Manager, Global Consumer Products Department, Consumer Products Division, Mitsubishi Corporation Apr 2021 General Manager, Global Consumer Products Department, Global Food Division, Mitsubishi Corporation Apr 2022 Executive Officer, in charge of Corporate Planning and Overseas Business, the Company Jun 2022 Director, Executive Officer, in charge of Corporate Planning and Overseas Business, the Company Apr 2025 Director, Executive Officer, in charge of Corporate Planning, Overseas Business and Sales (current)
1969-12-14
Hiroaki ISHIKAWA
Director, Executive Officer, in charge of Sustainability, General Affairs, HR, Accounting and IT Systems
Apr 1992 Joined Mitsubishi Corporation Jul 2004 Seconded to Mitsubishi Corporation Germany as Deputy General Manager, Accounting & Financial Division May 2009 Team Leader, Trading Management Team, Controller Office, Metals Group, Mitsubishi Corporation Apr 2010 Team Leader, Trading Management Team, Metals Group Management Department, Mitsubishi Corporation Jun 2011 Team Leader, Iron Ore Business Team, Metals Group Management Department, Mitsubishi Corporation May 2013 Team Leader, Metal Resources Team, Metals Group Management Department, Mitsubishi Corporation May 2016 Team Leader, Asset Management Business Team, New Industry & Finance Business Group Management Department, Mitsubishi Corporation Oct 2016 Team Leader, Corporate Investment & Leasing Business Team, New Industry & Finance Business Group Management Department, Mitsubishi Corporation May 2018 Seconded to MC Thailand / Mitsubishi Corporation (Thailand) as Director and Vice President, General Manager, Finance & Accounting Division Jun 2023 Director, Executive Officer, in charge of General Affairs, HR, Accounting and IT Systems, the Company Jun 2024 Director, Executive Officer, in charge of Sustainability, General Affairs, HR, Accounting and IT Systems (current)
1968-07-28
Akihiro ASAMI
Director
Apr 1998 Joined Mitsubishi Corporation Sep 2007 Assistant General Manager, AGREX INC. Sep 2009 Assistant to CEO, FGDI LLC Feb 2012 Manager, Grain Unit, Mitsubishi Corporation Apr 2014 Team Leader, Grain Unit, Mitsubishi Corporation Aug 2018 Executive Officer, General Manager, Corporate Planning Office, Nihon Nosan Kogyo Co., Ltd.; in charge of Lifetech Division Mar 2020 Manager, Business Strategy Unit, CEO Office, Food Industry Group, Mitsubishi Corporation Apr 2021 General Manager, Business Investment, CEO Office, Food Industry Group, Mitsubishi Corporation Apr 2023 Managing Executive Officer, General Manager, Corporate Planning Department, and Deputy General Manager, Meat Business Division, Ito Ham Yonekyu Holdings Inc. Apr 2025 General Manager, Grain & Feed Department, Food Division, Mitsubishi Corporation (current) Jun 2025 Director of the Company (current)
1975-04-25
Goro SEO
Director (Audit and Supervisory Committee Member)
Apr 1995 Joined Mitsubishi Corporation Jun 1999 Mitsubishi Corporation Finance Ltd. (now Mitsubishi Corporation Financial Services, Ltd.) Aug 2003 Treasurer's Office (now Finance Department), Mitsubishi Corporation Jun 2006 Executive Vice President, MAC Funding Corporation (Chicago) Jul 2008 Senior Manager, Mitsubishi Corporation Finance PLC (London) Jan 2012 Funding Team, Finance Department, Mitsubishi Corporation Jul 2013 Assistant to CFO, Mitsubishi Corporation (Shanghai) Co., Ltd. Aug 2015 Team Leader, Financial Risk Management Team, Finance Department, Mitsubishi Corporation Dec 2017 General Manager, Finance & Accounting Department, Mitsubishi Corporation (Hong Kong) Ltd. Apr 2019 CFO, Mitsubishi Corporation (Shanghai) Co., Ltd. and Mitsubishi Corporation (China) Co., Ltd. Apr 2023 General Manager, Audit & Supervisory Board Office, Mitsubishi Corporation Jun 2024 General Manager, Audit and Supervisory Committee Office, Mitsubishi Corporation (renamed following change in institutional structure) Apr 2026 General Manager, Food Industry Management Department, Mitsubishi Corporation Jun 2026 Director (Audit and Supervisory Committee Member) of the Company
1971-09-30
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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