Overview
Pulp and Paper

OHISHI SANGYO CO.,LTD.

Oishi Sangyo is a comprehensive packaging materials manufacturer with four core business pillars: pulp mould, plastic film, heavy-duty bags, and corrugated board. The company serves diverse industries by providing packaging solutions that combine cushioning and functional properties, with cross-business product development capabilities. In addition to its core packaging operations, the group conducts ancillary businesses including IT/software services and import/export of Japanese agricultural products in Malaysia.

Market Cap
¥10.1B
US$64.2M
EV
¥2.21B
US$14.1M
Stock¥1,283▲+0.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
1.1
x
LTM EV/EBIT
3.1
x
LTM PER
13.6
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-23.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
10.1BUS$64.2MMarket Cap0.53BUS$3.41M+ Debt6.30BUS$40.2M− Cash2.15BUS$13.7M− Inv. Sec.0.07BUS$0.43M+ NCI2.21BUS$14.1MEV
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Performance & Balance
Revenue 5Y (¥B)
19.8US$126M'22/321.8US$139M'23/322.0US$140M'24/323.5US$150M'25/323.5US$150M'26/3
EBITDA 5Y (¥B)
1.98US$12.6M'22/31.87US$11.9M'23/31.96US$12.5M'24/31.90US$12.1M'25/31.93US$12.3M'26/3
Net Income 5Y (¥B)
1.06US$6.73M'22/30.90US$5.75M'23/31.07US$6.79M'24/30.94US$6.02M'25/30.72US$4.62M'26/3
Capital Structure
97%
EquityD/E 0.03xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
8.93US$57.0M1.06US$6.73M'22/38.77US$55.9M1.08US$6.88M'23/39.03US$57.6M0.70US$4.48M'24/38.97US$57.2M0.64US$4.09M'25/38.57US$54.6M0.50US$3.21M'26/3
Shareholders
Top 10 hold 38.7%
1
Oji Holdings Corporation
9.61%
2
OSK Employee Stock Ownership Association
7.23%
3
The Nishi-Nippon City Bank, Ltd.
4.77%
4
The Bank of Fukuoka, Ltd.
4.70%
5
THE KITAKYUSHU BANK, Ltd.
2.96%
6
Nishiki Co., Ltd.
2.52%
7
Nippon Life Insurance Company
2.18%
8
Nishi-Nippon Yuko Shoji Co., Ltd.
1.86%
9
Mitsui Sumitomo Insurance Company, Limited
1.51%
10
Chuetsu Pulp & Paper Co.,Ltd.
1.31%
Management
10 officers
Hiroaki YAMAGUCHI
Representative Director, President
Mar 1982 Joined the Company Apr 2006 General Manager, Western Japan Sales Department, Pulp Molded Products Division Apr 2012 General Manager, Eastern Japan Sales Department, Pulp Molded Products Division Apr 2014 Executive Officer, General Manager, Film Products Division Apr 2016 Executive Officer, General Manager, Tokyo Branch, Business Headquarters Jun 2017 Director, Executive Officer, General Manager, Tokyo Branch, Business Headquarters Apr 2018 Director, in charge of Paper Bag and Film Businesses Jun 2020 Managing Director, in charge of Paper Bag and Film Businesses Apr 2021 Managing Director, General Manager, Paper Bag Division; in charge of Film Business Apr 2022 Managing Director, General Manager, Paper Bag Division Jan 2023 Representative Director, President; General Manager, Paper Bag Division Apr 2023 Representative Director, President Apr 2024 Representative Director, President; in charge of Strategic Promotion Division Jun 2024 Representative Director, President; General Manager, Packaging Functional Materials Business Headquarters; in charge of Strategic Promotion Division Apr 2025 Representative Director, President (current)
1958-05-27
Masaki TOYODA
Director, General Manager, Film Products Division
Apr 1985 Joined the Company Apr 2014 General Manager, Sales Department, Film Products Division Apr 2016 General Manager, Sales Department, Kansai Branch Apr 2017 General Manager, Kansai Branch and Sales Department Apr 2018 General Manager, Kansai Branch Jun 2019 Executive Officer, General Manager, Tokyo Branch Apr 2021 Executive Officer, General Manager, Film Products Division Apr 2022 Senior Executive Officer, General Manager, Film Products Division Jun 2022 Director, General Manager, Film Products Division (current)
1961-10-28
Hirofumi OTANI
Director, General Manager, Administration Division
Apr 1987 Joined the Company Apr 2010 General Manager, Planning Group, Administration Division Jul 2018 Executive Officer, General Manager, Corporate Planning Office Nov 2019 Executive Officer, General Manager, Administration Division Apr 2022 Senior Executive Officer, General Manager, Administration Division Jun 2022 Director, General Manager, Administration Division Apr 2023 Director, General Manager, Administration Headquarters Apr 2024 Director, General Manager, Administration Headquarters; in charge of Corporate Planning Office Apr 2025 Director, General Manager, Administration Division (current)
1964-05-05
Koki MIYATAKE
Director, General Manager, Production Engineering Division
Mar 1988 Joined the Company Apr 2010 General Manager, Manufacturing Department, Film Products Division; General Manager, Kyushu Plant Apr 2011 General Manager, Manufacturing Department, Film Products Division; General Manager, Kanto Plant Apr 2016 General Manager, Technology Development Department Jul 2018 Executive Officer, General Manager, Technology Development Department Apr 2019 Executive Officer, General Manager, Production Engineering Division Apr 2022 Senior Executive Officer, Deputy General Manager, Film Products Division Apr 2025 Executive Officer, General Manager, Production Engineering Division Jun 2025 Director, General Manager, Production Engineering Division (current)
1962-11-03
Hideaki WATAKE
Director, General Manager, Corporate Planning Office
Apr 1987 Joined the Company Apr 2014 General Manager, Domestic Sales Department, Paper Bag Division Apr 2016 General Manager, Second Sales Department, Tokyo Branch Apr 2018 General Manager, Tokyo Branch Jun 2019 Executive Officer, Representative Director, President, Yanagisawa Seidai Co., Ltd. Apr 2023 Senior Executive Officer, General Manager, Paper Bag Division and Sales Department Apr 2024 Senior Executive Officer, General Manager, Corporate Planning Office Apr 2025 Executive Officer, General Manager, Corporate Planning Office Jun 2025 Director, General Manager, Corporate Planning Office (current)
1965-03-11
Yuki KAJI
Director
Feb 1988 Joined the Company Apr 2014 Executive Officer, General Manager, Paper Bag Division Apr 2015 Executive Officer, General Manager, Paper Bag Division; Representative Director, President, CORE PAX (M) SDN. BHD. and ENCORE LAMI SDN. BHD. Jul 2018 Executive Officer, General Manager, Administration Division Nov 2019 Deputy Head, Overseas Business Headquarters Apr 2021 Executive Officer; Representative Director, President, CORE PAX (M) SDN. BHD. and ENCORE LAMI SDN. BHD. Apr 2022 Executive Officer, Deputy General Manager, Pulp Molded Products Division Apr 2023 Senior Executive Officer; Representative Director, President, CORE PAX (M) SDN. BHD. and ENCORE LAMI SDN. BHD. Apr 2024 Senior Executive Officer, General Manager, Paper Bag Division; Representative Director, President, CORE PAX (M) SDN. BHD. and ENCORE LAMI SDN. BHD. Apr 2025 Executive Officer; Representative Director, President, CORE PAX (M) SDN. BHD. and ENCORE LAMI SDN. BHD. (current) Jun 2026 Director; Representative Director, President, CORE PAX (M) SDN. BHD. and ENCORE LAMI SDN. BHD.
1963-10-10
Ikuo MIYAJI
Director (Full-time Audit and Supervisory Committee Member)
Apr 1985 Joined The Nishi-Nippon Bank, Ltd. (now The Nishi-Nippon City Bank, Ltd.) Jun 2003 Branch Manager, Buzen Branch, the same bank Feb 2005 Deputy Branch Manager, Mihagino Branch, the same bank May 2007 Branch Manager, Jono Branch, the same bank Oct 2010 Deputy General Manager, Sales Promotion Department, the same bank Jan 2012 Branch Manager, Oita Branch, the same bank Jan 2014 General Manager, Internal Audit Department, the same bank Jun 2015 Full-time Outside Audit & Supervisory Board Member of the Company Jun 2018 Outside Director, Full-time Audit and Supervisory Committee Member Jun 2021 Director, Deputy General Manager, Corrugated Board Division Apr 2022 Director, in charge of Administration Division Jun 2022 Director, Full-time Audit and Supervisory Committee Member (current)
1963-01-08
Masayoshi FUKUCHI
Director (Audit and Supervisory Committee Member)
Oct 1978 Joined Chuo Kaikei Jimusho Audit Corporation Mar 1982 Registered as Certified Public Accountant Aug 1992 Appointed Partner, Chuo Audit Corporation Jul 1995 Established Fukuchi Certified Public Accountant Office (current) Jun 2015 Outside Audit & Supervisory Board Member of the Company Jun 2018 Outside Director, Audit and Supervisory Committee Member (current)
1954-09-15
Yukoh TAKEO
Director (Audit and Supervisory Committee Member)
Apr 1983 Joined The Fukuoka Sogo Bank, Ltd. (now The Nishi-Nippon City Bank, Ltd.) Dec 2011 Executive Officer, General Manager, General Affairs Department, the same bank Apr 2013 Managing Executive Officer, General Manager, General Affairs Department, the same bank May 2013 Managing Executive Officer, General Manager, Head Office Sales Department and Fukuoka Branch, the same bank Jun 2016 Director, Managing Executive Officer, the same bank Oct 2016 Director, Executive Officer, Nishi-Nippon Financial Holdings, Inc. Jun 2018 Executive Officer, Nishi-Nippon Financial Holdings, Inc. Apr 2020 Director, Managing Executive Officer, Representative for Kitakyushu and Yamaguchi, The Nishi-Nippon City Bank, Ltd. Jun 2020 Director, Senior Managing Executive Officer, Representative for Kitakyushu and Yamaguchi, the same bank Jun 2021 Representative Director, Deputy President, Representative for Kitakyushu and Yamaguchi, the same bank Jun 2021 Outside Director, Audit and Supervisory Committee Member of the Company (current) Dec 2022 Outside Audit & Supervisory Board Member, Daiei Sangyo Co., Ltd. (current) Jun 2024 Director, Executive Officer, in charge of Internal Audit, Nishi-Nippon Financial Holdings, Inc. Apr 2026 Director, Executive Officer, in charge of Group Strategy Department, Nishi-Nippon Financial Holdings, Inc. (current) Apr 2026 Representative Director, Deputy President, Representative for Kitakyushu and Yamaguchi, in charge of overall sales, The Nishi-Nippon City Bank, Ltd. (current)
1958-09-19
Saori IKEDA
Director (Audit and Supervisory Committee Member)
Dec 2010 Registered with Fukuoka Bar Association Jan 2011 Joined Tokunaga, Matsuzaki & Saito Law Office Apr 2021 Partner Attorney, Tokunaga, Matsuzaki & Saito Law Office (current) May 2024 Outside Director, Kyokutou Co., Ltd. (current) Jun 2024 Outside Director, Audit and Supervisory Committee Member of the Company (current)
1983-06-08
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
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
2022-11-11
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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