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Overview

Foods

AHJIKAN CO.,LTD.

AHJIKAN Co., Ltd. is a Japanese food manufacturer headquartered in Hiroshima, specializing in the manufacturing and sale of processed egg products, processed vegetable products, surimi-based seafood products, and other food items primarily for the foodservice (B2B) market. The company also operates a health food segment and engages in agricultural production and sales through its subsidiary. With manufacturing facilities across Japan (Hiroshima, Tosu, Moriya, Shizuoka, and Tsukuba) and overseas operations in China and the United States, AHJIKAN serves a broad range of commercial food customers.

Market Cap

¥11.0B

US$70.2M

¥11.2B

US$71.5M

Stock¥1,471▲+0.00%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

4.3

LTM EV/EBIT

8.8

LTM PER

9.9

LTM PBR

0.6

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-6.5%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Apr 1, 26Activist investor stock acquisition

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

82%

EquityD/E 0.22xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 54.2%

as of 2026-03-31 · Source: Annual Securities Report

Ashikaga Kosan Co., Ltd.

23.66%

AHJIKAN CO.,LTD. Stock Ownership Association

9.57%

The Hiroshima Bank, Ltd.

4.84%

AHJIKAN CO.,LTD. Stock Ownership Association

3.13%

The Yamaguchi Bank, Ltd.

2.86%

MUFG Bank, Ltd.

2.57%

Meiji Yasuda Life Insurance Company

2.11%

Hiroshima Nori Co., Ltd.

2.07%

Kyoei Fire & Marine Insurance Co., Ltd.

1.76%

Seiwa Kosan Co., Ltd.

1.68%

Management

8 officers

Keiichi ASHIKAGA

Director and Chairman of the Board

Oct 1995 Joined the Company Jun 2004 Director of the Company Apr 2009 General Manager, West Japan Sales Division of the Company Apr 2012 Director and Senior Managing Director of the Company Apr 2017 Representative Director, President of the Company Apr 2021 Director, Chairman of the Board of the Company (current)

1964-12-26

Naozumi ASHIKAGA

Representative Director, President and Executive Officer

Oct 1998 Joined the Company Apr 2010 General Manager, Product Planning Division of the Company Apr 2012 Executive Officer and General Manager, West Japan Sales Division of the Company Jun 2014 Director of the Company Apr 2017 Deputy General Manager, Sales Headquarters of the Company Apr 2018 General Manager, Health Food Business Division and General Manager, Business Management Division of the Company Jun 2019 Managing Director of the Company Apr 2021 Representative Director, President of the Company Jun 2021 Representative Director, President and Executive Officer of the Company (current) Apr 2023 Chairman of Ajikan Foods (Qingdao) Co., Ltd. (current) Jul 2023 Chairman of Shandong Ajikan Maru Food Co., Ltd. (current)

1968-05-16

Koji FUKUSHIMA

Representative Director, Senior Managing Executive Officer and General Manager, Management Administration Division

Mar 1987 Joined the Company Apr 2012 General Manager, Corporate Planning Division of the Company Apr 2018 Executive Officer and General Manager, Sales Planning Division of the Company Apr 2019 Deputy General Manager, Sales Headquarters of the Company Apr 2022 General Manager, Sales Headquarters of the Company Jun 2024 Director and Executive Officer of the Company Apr 2025 Director and Managing Executive Officer of the Company Apr 2026 Representative Director, Senior Managing Executive Officer of the Company (current) Apr 2026 General Manager, Management Administration Division of the Company (current)

1964-08-03

Mototake YOSHINO

Director, Managing Executive Officer, General Manager of Health Food Business Division and General Manager of Development Division

Mar 1987 Joined the Company Apr 2012 General Manager, Product Planning Division of the Company Oct 2014 Seconded to Shandong Ajikan Maru Food Co., Ltd. as General Manager Apr 2017 Seconded to Ajikan (Guangzhou) Catering Management Co., Ltd. as General Manager Apr 2018 Executive Officer of the Company Apr 2019 Deputy General Manager, Development Division of the Company Apr 2021 General Manager, Development Division of the Company Apr 2023 General Manager, Overseas Business Division of the Company Jun 2023 Director and Executive Officer of the Company Jul 2023 CEO of AHJIKAN FOODS, INC. Apr 2025 Director and Managing Executive Officer of the Company (current) Apr 2025 General Manager, Health Food Business Division of the Company (current) Apr 2025 General Manager, Development Division of the Company (current)

1963-04-21

Tomomi TAKEDA

Director, Audit and Supervisory Committee Member

May 1986 Joined the Company Apr 2007 General Manager, Production Control Division of the Company Oct 2009 General Manager, Production Engineering Division of the Company Apr 2010 Plant Manager, Hiroshima Plant of the Company Apr 2014 General Manager, Product Planning Division of the Company Apr 2017 Deputy General Manager, Development Division of the Company Apr 2018 Executive Officer of the Company (current) Apr 2018 General Manager, Environment and Quality Assurance Division of the Company (later General Manager, Quality Assurance Division) Apr 2023 Deputy General Manager, Management Administration Division of the Company Apr 2023 General Manager, Corporate Planning Division of the Company Apr 2024 General Manager, Management Administration Division of the Company

1962-05-18

Hiroshi MATSUSHIGE

Director, Audit and Supervisory Committee Member (Independent Officer)

Apr 1980 Joined The Hiroshima Bank, Ltd. Jan 2000 Branch Manager, Numata Branch of The Hiroshima Bank, Ltd. Jan 2002 General Manager, Fukuyama Branch of The Hiroshima Bank, Ltd. Apr 2002 General Manager, Fukuyama Sales Headquarters of The Hiroshima Bank, Ltd. Apr 2005 General Manager, Personal Banking Division of The Hiroshima Bank, Ltd. Apr 2007 Branch Manager, Hatsukaichi Branch of The Hiroshima Bank, Ltd. Apr 2009 Executive Officer and Branch Manager, Hiroshima Nishi Branch of The Hiroshima Bank, Ltd. Apr 2012 Managing Executive Officer and General Manager, Fukuyama Sales Headquarters of The Hiroshima Bank, Ltd. Oct 2012 Senior Managing Director of Hirogin Business Support Co., Ltd. Jun 2014 Senior Managing Director of Hirogin Lease Co., Ltd. Jun 2015 Representative Director, President of Hiroshima Shinai Real Estate Co., Ltd. Jun 2022 Adviser of Hiroshima Shinai Real Estate Co., Ltd. (current) Jun 2023 Outside Director, Audit and Supervisory Committee Member of the Company (current)

1958-02-21

Hideo YAMAMOTO

Director, Audit and Supervisory Committee Member (Independent Officer) (Note 7)

Apr 1987 Registered as an attorney-at-law Apr 1992 Established Kato & Yamamoto Law Office (current) Jun 1994 Outside Corporate Auditor of the Company (retired Jun 2017) Jun 2004 Part-time Auditor, Hiroshima Shogin Credit Cooperative (current)

1960-06-17

Rumiko KUMANO

Director, Audit and Supervisory Committee Member (Independent Officer) (Note 7)

Mar 1996 Registered as a certified tax accountant Sep 2002 Established Inoue Accounting Office (now Zaimu Co., Ltd.), Representative Director Dec 2018 Established Ascot Accounting Certified Tax Accountant Corporation, Representative Partner (current) Dec 2018 Director of Zaimu Co., Ltd. (current)

1961-06-25

Large Shareholding Reports

No filings

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-03

Q1 Earnings Flash

FY ending Mar 2027

AHJIKAN CO.,LTD.

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AHJIKAN CO.,LTD.

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