Overview
Foods

JFLA Holdings Inc.

JFLA Holdings Inc. is a Japanese food holding company operating across three core segments: Production (manufacturing and sales of dairy products including milk and yogurt, fermented seasonings such as soy sauce and miso, and bakery/confectionery products), Distribution (import and domestic sales of food and beverages from Europe and worldwide, as well as food processing and trade operations in Europe), and Retail/Food Service (franchise and directly operated restaurants including bagel, crepe, and other dining formats in Japan, and Japanese food-related supermarkets in the UK under the 'Atari-Ya' brand). The group's European operations, centered on the UK and Netherlands, supply Japanese food ingredients to high-end Japanese restaurants and operate retail shops targeting Japanese cuisine consumers.

Market Cap
¥7.52B
US$48.0M
EV
¥22.7B
US$145M
Stock¥156▼-0.64%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.4
x
LTM EV/EBIT
12.9
x
LTM PER
7.5
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-18.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
7.52BUS$48.0MMarket Cap18.8BUS$120M+ Debt3.90BUS$24.9M− Cash1.54BUS$9.85M− Inv. Sec.1.88BUS$12.0M+ NCI22.7BUS$145MEV
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Performance & Balance
Revenue 5Y (¥B)
70.4US$449M'22/376.7US$489M'23/367.9US$433M'24/365.2US$416M'25/365.7US$419M'26/3
EBITDA 5Y (¥B)
0.72US$4.58M'22/30.95US$6.03M'23/32.03US$12.9M'24/32.48US$15.8M'25/32.61US$16.7M'26/3
Net Income 5Y (¥B)
-1.88-US$12.0M'22/3-2.20-US$14.0M'23/3-0.62-US$3.94M'24/30.64US$4.07M'25/30.66US$4.23M'26/3
Capital Structure
31%
69%
EquityD/E 2.26xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
6.48US$41.3M24.5US$156M'22/33.23US$20.6M20.7US$132M'23/36.99US$44.6M20.0US$127M'24/35.82US$37.1M19.3US$123M'25/36.10US$38.9M18.8US$120M'26/3
Shareholders
Top 10 hold 49.6%
1
HSI Global Co., Ltd.
23.72%
2
SHINMEI Holdings Co.,LTD.
6.72%
3
SAKE Associates Co., Ltd.
4.77%
4
Asahi Breweries, Ltd.
3.64%
5
Kazuhiro AOYAGI
3.15%
6
SBI SECURITIES Co., Ltd.
2.04%
7
M&T Co., Ltd.
1.58%
8
Rakuten Securities, Inc. (Joint Account)
1.50%
9
So KOIWAI
1.30%
10
Shusaku HIGAKI
1.23%
Management
13 officers
Shusaku HIGAKI
Representative Director, President
Apr 1999 Asahi Breweries, Ltd. Nov 2001 Hanshin Sakahan Co., Ltd., Representative Director, President (current) Mar 2009 HSI Global Co., Ltd., Representative Director, President (current) Jun 2009 the Company, Director; Torikatetsu Co., Ltd. (now ASRAPORT Co., Ltd.), Director Oct 2009 the Company, Representative Director, President Apr 2013 Kyushu Dairy Co., Ltd., Representative Director, President (current) Jun 2014 Pacific Paradise Foods, Inc., Director Apr 2015 Ibaraki Dairy Co., Ltd., Director (current) Jun 2015 Dream Corporation Co., Ltd. (now ALTEGO Co., Ltd.), Representative Director Feb 2016 the Company, Representative Director, Chairman; Morita Corporation, Representative Director, President (current); ALCAN Co., Ltd., Representative Director, President (current); Atariya Foods Limited, Representative Director (current) Mar 2016 Fundodai Goyo Co., Ltd., Representative Director, Chairman; Kozosushi Co., Ltd., Director Apr 2017 ASRAPORT Co., Ltd., Representative Director, President Aug 2018 the Company, Representative Director, President (in charge of business management) (current) Oct 2019 ALTEGO Co., Ltd., Representative Director, President (current) Jun 2021 Toyo Shoji Co., Ltd., Representative Director, President (current) Mar 2022 Eikido Co., Ltd., Representative Director, President (current) Jun 2023 Koonyusha Co., Ltd., Representative Director, President (current) Dec 2023 Still Foods Co., Ltd., Representative Director, President (current) Jun 2025 Kikuya Co., Ltd., Representative Director, President (current)
1976-01-13
Takamitsu SAITO
Director
Jan 2002 Kokusai Capital Co., Ltd. May 2008 Hanshin Sakahan Co., Ltd. (current) Nov 2009 the Company, General Manager, Administration Division Jun 2015 Dream Corporation Co., Ltd. (now ALTEGO Co., Ltd.), Director; Ibaraki Dairy Co., Ltd., Corporate Auditor Mar 2016 Kozosushi Co., Ltd., Corporate Auditor Jun 2016 Koonyusha Co., Ltd., Director; the Company, Director; Frutta Frutta Co., Ltd., Director; Kyushu Dairy Co., Ltd., Director Mar 2017 Atariya Foods Limited, Corporate Auditor (current) Jun 2017 the Company, Director (in charge of administration and production) (current); Koonyusha Co., Ltd., Representative Director, President May 2018 Tokutoku Co., Ltd., Director Jun 2019 Fujita Corporation Co., Ltd., Director Jun 2021 Ibaraki Dairy Co., Ltd., Director (current); Morita Corporation, Director (current); ALCAN Co., Ltd., Director (current)
1973-08-31
Koichi MORIMOTO
Corporate Auditor
Apr 1995 Toyota Tsusho Corporation Oct 1999 LCR Land Use Research Institute Co., Ltd. Oct 2002 Asahi Audit Corporation (now Azusa Audit LLC) Jul 2009 Seiei Audit Corporation (now Seiei Audit LLC), Member (partner) (current) Dec 2009 the Company, Outside Director Jun 2010 Yoshida, Morimoto & Ishino Tax Accountant Corporation, Member (partner) (current) Jun 2013 the Company, Corporate Auditor (current)
1972-10-07
Keisuke SUZUKI
Managing Director
Apr 1991 The Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Jul 1998 MUFG Bank, Ltd., Examination Division I, Investigation Officer Jan 2002 Morgan Stanley Securities Co., Ltd. (now Morgan Stanley MUFG Securities Co., Ltd.); Morgan Stanley Properties K.K. (now Morgan Stanley Capital K.K.), Manager Apr 2004 BNP Paribas Securities (Japan) Limited; Renaissance Capital Group K.K., General Manager Aug 2006 Reson Capital Partners Co., Ltd., Managing Executive Officer Jul 2014 Regional Economy Vitalization Corporation of Japan, Senior Director (current) Jan 2024 the Company, Managing Director (in charge of structural reform) (current); Kyushu Dairy Co., Ltd., Director (current); Koonyusha Co., Ltd., Director (current); Morita Corporation, Director (current)
1967-04-22
Koichiro KIMURA
Director
Dec 2008 Tohmatsu & Co. (now Deloitte Touche Tohmatsu LLC) Oct 2014 Tohmatsu Tax Co. (now Deloitte Tohmatsu Tax Co.) Oct 2017 Deloitte Tohmatsu Financial Advisory LLC Aug 2021 Regional Economy Vitalization Corporation of Japan, Director (current) May 2023 Nanbuya Ryokan Co., Ltd., Corporate Auditor (current) Jan 2024 the Company, Director (in charge of accounting and finance) (current); Morita Corporation, Director; ALCAN Co., Ltd., Director (current); ALTEGO Co., Ltd., Director (current)
1984-10-19
Tetsuya OKAYAMA
Director
Apr 2001 Kobe Steel, Ltd. Feb 2003 Hanshin Sakahan Co., Ltd. (current) Apr 2010 Oasislink Co., Ltd., Director (current) Jun 2015 the Company, General Manager, IT Solutions Division (current) Jun 2021 Toyo Shoji Co., Ltd., Director, General Manager, Mail-Order Sales Division Jun 2022 Wellserve Co., Ltd., Director (current) Jun 2023 the Company, Director (in charge of IT solutions) (current)
1979-10-03
Yoshihiro AIKAWA
Director
Apr 1999 Joined Zen-Noh (National Federation of Agricultural Cooperative Associations) Apr 2014 Zen-Noh, Manager, Business Development Office, Livestock General Measures Department Jun 2014 Tokyo Small and Medium Enterprise Management Consultants Association, Johto Branch, General Manager, Regional Support Department Apr 2019 Zen-Noh International Co., Ltd., Deputy General Manager, Management and Business Development Department Jun 2019 Tokyo Small and Medium Enterprise Management Consultants Association, Johto Branch, Advisor Apr 2022 Zen-Noh International Europe Ltd., Representative Director, President Jun 2025 Technical Education Association, UK, Advisor (current) Feb 2026 Mirai Nihon Ventures Co., Ltd., CSO (current) Jun 2026 the Company, Director (current)
1976-02-17
Akihiko KAMOTO
Director
Mar 1981 Registered as Certified Public Accountant (current); Akihiko Kamoto CPA Office established (current) Oct 1982 Registered as Certified Tax Accountant (current); Akihiko Kamoto Tax Accountant Office established (current) Sep 1990 Seiyu Audit Corporation, Member (partner) Jun 2011 The Kiss Co., Ltd., Outside Corporate Auditor (current) Jun 2018 the Company, Outside Director (current)
1943-11-24
Hisae SHIBUSAWA
Director
Apr 1981 U.S. Naval Hospital Yokosuka, Japan Aug 2003 Konya Kosan Co., Ltd. Apr 2013 Kankyo Joho Center Co., Ltd., Director Apr 2015 Kikakujuku Co., Ltd.; Takahashi Noriyuki Research Institute Co., Ltd. Apr 2017 Mikifoods Co., Ltd., General Manager, Overseas Business Division Dec 2017 Ministry of Agriculture, Forestry and Fisheries, Food Industry Affairs Bureau, Food Manufacturing Division, Section Chief, International Section 2 Oct 2021 General Incorporated Foundation Japan GAP Association Jan 2023 Osaka Sanitary Co., Ltd., Management Strategy Office under the President (current) Mar 2023 World Functional Ingredients Research Institute Co., Ltd., Advisor and Outside Director Apr 2023 Asahi Food Co., Ltd., Advisor Aug 2023 Orol Co., Ltd., Advisor (current) Jun 2024 the Company, Outside Director (current) Jul 2024 Senko Group Holdings Co., Ltd., Advisor
1959-04-20
Kohei YASUDA
Director
Nov 1988 Recruit Co., Ltd., Manager, Head Office Personnel Section Jul 2008 J-Stream Co., Ltd., Head of Human Resources Development Jun 2016 Ishizaka Sangyo Co., Ltd., Head of Personnel and Labor Jun 2017 Axis Consulting Co., Ltd., General Manager, Human Resources Feb 2018 Senshukai Co., Ltd., Advisor Feb 2020 E-Store Co., Ltd., Head of Corporate Culture (General Manager, Human Resources and Public Relations) Oct 2023 Kohei Yasuda HR Office, Representative Director (current) Jun 2025 the Company, Outside Director (current)
1964-09-07
Michiko HIRAYAMA
Full-time Corporate Auditor
Sep 2001 BIS Soken Co., Ltd., Representative Director Dec 2009 System Soft Co., Ltd., Outside Corporate Auditor Dec 2016 System Soft Co., Ltd., Full-time Corporate Auditor Apr 2017 Digi IT Co., Ltd. (now SS Technologies Co., Ltd.), Corporate Auditor Jun 2025 the Company, Outside Corporate Auditor (current)
1952-09-17
Takeshi ASAKAWA
Corporate Auditor
Apr 1996 Mitsubishi Oil Co., Ltd. Feb 2000 Mars Japan Limited Jun 2006 Golf Digest Online Inc., Executive Officer, General Manager, Business Strategy Office Jul 2011 GREE, Inc., General Manager, Global DR Management Office Oct 2012 Cool Mint Co., Ltd. (now Payver Co., Ltd.), Representative Director, President (current) Jun 2016 the Company, Outside Corporate Auditor (current)
1973-10-06
Eriko TANABE
Corporate Auditor
Dec 2011 Registered as attorney-at-law; joined Nakanoshima Central Law Office Feb 2013 Kansai University Law School, Academic Advisor Jun 2014 Japan Association of Management Lawyers, joined Nov 2015 Higashiosaka City Urban Planning Council, Member (current) Jul 2018 Seconded to Osaka National Tax Bureau as term-appointed staff (International Investigation Examiner) Jul 2020 Returned to Nakanoshima Central Law Office Jan 2021 Nakanoshima Central Law Office, Partner Attorney (current) Jun 2022 Nikkato Corporation, Outside Director (current) Nov 2023 the Company, Outside Corporate Auditor (current)
1985-01-12
Large Shareholding Reports
Regional Economy Vitalization Corporation of Japan
2026-05-12
34.69%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-12
Large Shareholding Report
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-30
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-13
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-06-28
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-06-28
Amended Annual Securities Report
Period: Apr 2020 – Mar 2021
EDINETAmended
2024-06-28
Amended Annual Securities Report
Period: Apr 2018 – Mar 2019
EDINETAmended
2024-06-28
Amended Annual Securities Report
Period: Apr 2019 – Mar 2020
EDINETAmended
2024-06-28
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
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
2023-06-30
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
2022-03-09
Securities Registration Statement
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-10-13
Securities Registration Statement
EDINET
2021-08-13
Quarterly Securities Report
EDINETAmended
2021-06-30
Amended Annual Securities Report
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