Overview
Foods

Miyoshi Oil & Fat Co.,Ltd.

Miyoshi Oil & Fat is a Japanese manufacturer specializing in oil and fat-based products across two core segments: Food Business and Oleochemical Business. The Food Business produces edible oils and fats for food manufacturers and distributors, including specialty fats for confectionery applications, with Yamazaki Bread and Nisshin OilliO Group as key related parties. The Oleochemical Business manufactures industrial oils and fats, fatty acids, chemical derivatives, and environment-related products, with a manufacturing base under development in Malaysia to strengthen glycerin-based product production.

Market Cap
¥22.0B
US$140M
EV
¥19.0B
US$121M
Stock¥2,153▼-2.36%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.3
x
LTM EV/EBIT
7.1
x
LTM PER
12.8
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.8%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
22.0BUS$140MMarket Cap18.1BUS$116M+ Debt8.50BUS$54.2M− Cash12.6BUS$80.4M− Inv. Sec.0.05BUS$0.31M+ NCI19.0BUS$121MEV
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Performance & Balance
Revenue 5Y (¥B)
47.5US$303M'21/1252.7US$336M'22/1256.2US$359M'23/1257.0US$364M'24/1259.5US$379M'25/12
EBITDA 5Y (¥B)
2.38US$15.2M'21/120.17US$1.08M'22/124.08US$26.0M'23/125.03US$32.1M'24/123.65US$23.3M'25/12
Net Income 5Y (¥B)
0.68US$4.32M'21/12-0.27-US$1.71M'22/122.08US$13.2M'23/122.82US$18.0M'24/129.62US$61.3M'25/12
Capital Structure
71%
29%
EquityD/E 0.42xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
13.5US$86.3M9.04US$57.7M'21/1212.4US$79.0M12.3US$78.6M'22/1215.8US$101M11.6US$74.1M'23/1217.4US$111M20.1US$128M'24/1220.8US$133M15.5US$98.7M'25/12
Shareholders
Top 10 hold 41.6%
1
YAMAZAKI BAKING CO.,LTD.
10.01%
2
The Nisshin OilliO Group,Ltd.
10.01%
3
Miyoshi Cooperative Association
5.13%
4
Japan Securities Finance Co.,Ltd.
4.90%
5
MATSUI SECURITIES CO.,LTD.
3.22%
6
MUFG Bank, Ltd.
2.65%
7
Tokio Marine & Nichido Fire Insurance Co., Ltd.
1.74%
8
The Norinchukin Bank
1.60%
9
Meiji Yasuda Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
1.41%
10
日本マスタートラスト信託銀行株式会社(役員報酬BIP信託口・76229口)
0.93%
Management
11 officers
Itsuro MIKI
Representative Director, President and CEO (Chief Executive Officer)
Mar 2005 Director, Tamanohada Sekken Co., Ltd. Mar 2006 Director, Miyoshi Soap Co., Ltd. Apr 2011 Joined the Company Jan 2016 Executive Officer, General Manager, Corporate Planning Office, the Company Mar 2016 Director, Executive Officer, General Manager, Corporate Planning Office, the Company Mar 2017 Director, Managing Executive Officer, General Manager, Corporate Planning Office, the Company Mar 2018 Representative Director, Senior Managing Executive Officer, General Manager, Corporate Planning Office; in charge of Food Division and Oils & Fats Division, the Company Mar 2019 Representative Director, President, Executive Officer, the Company Mar 2021 Representative Director, President and CEO, the Company Mar 2023 Representative Director, President, CEO and CBO (Chief Branding Officer), the Company Mar 2025 Representative Director, President and CEO, the Company (current)
1975-06-07
Shoichi TAKESHITA
Representative Director, Senior Managing Director and COO (Chief Operating Officer)
Apr 1977 Joined the Company Apr 2015 General Manager, Sales Department, Oils & Fats Division, the Company Apr 2016 General Manager, Sales Department and Planning and Operations Department, Oils & Fats Division, the Company Apr 2017 General Head of Sales and General Manager, Planning and Operations Department, Oils & Fats Division, the Company Mar 2018 Executive Officer, General Head of Sales and General Manager, Planning and Operations Department, Oils & Fats Division, the Company Mar 2019 Director, Executive Officer, General Head of Sales and General Manager, Planning and Operations Department, Oils & Fats Division, the Company Mar 2020 Director, Executive Officer, Deputy Head of Oils & Fats Division and General Manager, Operations Department, the Company Mar 2021 Director and CSO (Chief Sales Officer), the Company Mar 2023 Representative Director, Managing Director and COO, the Company Mar 2025 Representative Director, Senior Managing Director and COO, the Company (current)
1958-08-14
Tomoya MOCHIDA
Director and CMO (Chief Marketing Officer)
Apr 1989 Joined Nikkei Business Publications, Inc. Oct 2009 Editor-in-Chief, Nikkei WinPC, Nikkei Business Publications, Inc. Apr 2015 Producer, Nikkei Trendy, Nikkei Business Publications, Inc. Feb 2018 Producer, Nikkei Cross Trend, Nikkei Business Publications, Inc. Jun 2021 Joined the Company; Senior Executive Officer, General Manager, Marketing Department, the Company Apr 2022 Senior Executive Officer, General Head of Strategic Planning Division and General Manager, Marketing Department and Corporate Communications Department, the Company Mar 2023 Director, Executive Officer and CCO (Chief Communications Officer), General Head of Strategic Planning Division, the Company Mar 2025 Director and CMO (Chief Marketing Officer), the Company (current)
1964-05-01
Satoshi ONODERA
Director, Executive Officer and CPO (Chief Production Officer)
Apr 1988 Joined the Company Apr 2018 General Manager, Chiba Plant, Production Division, the Company Apr 2019 General Manager, Kobe Plant, Production Division, the Company Mar 2022 Executive Officer, Deputy Head of Production Division and General Manager, Production Planning Department, the Company Mar 2025 Director, Executive Officer and CPO (Chief Production Officer), the Company (current)
1965-07-27
Motohiko KATO
Director, Executive Officer, CFO (Chief Financial Officer) and General Manager, Administration Division
Apr 1987 Joined Norinchukin Bank Jul 2012 General Manager, Systems Planning Department, Norinchukin Bank Mar 2014 General Manager, Administrative Planning Department, Norinchukin Bank Jun 2017 Senior Managing Director, Norinchukin Information Systems Co., Ltd. Apr 2021 Representative Director, Senior Managing Director, Norinchukin Information Systems Co., Ltd. Mar 2023 Full-time Audit & Supervisory Board Member, the Company Mar 2025 Director, Executive Officer, CFO (Chief Financial Officer) and General Manager, Administration Division, the Company (current)
1964-08-04
Kenji MURAYAMA
Director
Mar 1988 Registered as Certified Public Accountant Jul 2003 Representative Partner, Chuo Aoyama Audit Corporation Aug 2007 Senior Partner, Shin Nihon & Co. (currently EY ShinNihon LLC) Jul 2017 Established Murayama CPA Office (current) Jun 2018 Outside Director, Naigai Tech Co., Ltd. (current) Jun 2019 Outside Audit & Supervisory Board Member, J-WAVE Inc. (current) Mar 2021 Director, the Company (current)
1954-10-21
Kanako KURODA
Director
Feb 2012 Executive Director, Japan CIS Certification Association Nov 2012 Representative Director, Progress Co., Ltd. Jan 2016 Representative Director, Dorest Co., Ltd. (currently WOMAN COLLEGE Co., Ltd.) (current) Mar 2021 Director, the Company (current) Apr 2023 Visiting Professor, Taisho University (current) May 2023 Director, Kanagawa New Business Council (current) Jun 2025 Outside Audit & Supervisory Board Member, Up Garage Group Inc. (current)
1980-08-02
Hideaki SHIZUKUISHI
Standing Audit & Supervisory Board Member
Feb 1991 Joined the Company Mar 2012 Executive Officer, General Manager, Human Resources Department, the Company Apr 2014 Executive Officer, General Manager, General Affairs and Human Resources Department, the Company Mar 2017 Director, Executive Officer, General Manager, General Affairs and Human Resources Department, Administration Division, the Company Mar 2021 Standing Audit & Supervisory Board Member, the Company (current)
1956-11-30
Takahiro MATSUO
Standing Audit & Supervisory Board Member
Apr 1986 Joined the Company Sep 2013 Chairman of the Central Executive Committee, Miyoshi Oil & Fat Labor Union Oct 2016 Manager, Technical Section, Tokyo Plant, Production Division, the Company Jul 2018 General Manager, Quality Assurance Office, Food Division, the Company Mar 2024 Standing Audit & Supervisory Board Member, the Company (current)
1963-08-09
Keisuke HORIGUCHI
Standing Audit & Supervisory Board Member
Apr 1989 Joined The Mitsubishi Bank, Ltd. (currently MUFJ Bank, Ltd.) Apr 2015 General Manager, Corporate Information Sales Department, MUFJ Bank, Ltd. May 2015 General Manager, Sales Department No. 11, Sales Division No. 3, MUFJ Bank, Ltd. Jun 2017 Executive Advisor, MUFJ Bank, Ltd. Sep 2017 Executive Officer, General Manager, Mock Exam Sales Department, Content Division, Nagase Co., Ltd. Apr 2024 Deputy Head of High School Business Division and Executive Officer, Nagase Co., Ltd. Mar 2025 Standing Audit & Supervisory Board Member, the Company (current)
1965-07-04
Mikio HASEGAWA
Audit & Supervisory Board Member
Apr 1988 Joined Mitsubishi Trust and Banking Corporation (currently Mitsubishi UFJ Trust and Banking Corporation) Dec 1991 Registered as Real Estate Appraiser Apr 2014 General Manager, Real Estate Department, Osaka, Mitsubishi UFJ Trust and Banking Corporation Oct 2016 General Manager, Real Estate Sales Department No. 1, Mitsubishi UFJ Trust and Banking Corporation Apr 2018 General Manager, Real Estate Sales Department No. 2, Mitsubishi UFJ Trust and Banking Corporation Dec 2020 General Manager, Division 2, Fourth Asset Solutions Headquarters, Tosei Corporation Dec 2022 Deputy Head of First Asset Solutions Headquarters and General Manager, Division 2, Tosei Corporation Mar 2025 Audit & Supervisory Board Member, the Company (current)
1964-12-30
Large Shareholding Reports
Kankuro UEJIMA
2026-08-31
4.73%→4.84%
Kankuro UEJIMA
2026-05-11
4.71%→4.73%
Kankuro UEJIMA
2026-04-06
4.44%→4.71%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Kankuro UEJIMA
2026-03-30
4.44%→4.71%
Kankuro UEJIMA
2026-01-09
0.00%→4.44%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-31
Large Shareholding Report
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-06
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-11
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-05-11
Large Shareholding Report
EDINETAmended
2026-04-06
Change Report
EDINET
2026-03-30
Large Shareholding Report
EDINET
2026-03-24
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2026-03-03
株主総会招集通知
EDINET
2026-01-09
Large Shareholding Report
TDnet
2025-11-06
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-05
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-12
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-26
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-06
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-10
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-27
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-07
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-07-10
Amended Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2023-05-09
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-29
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-08
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-05-10
Quarterly Securities Report
EDINET
2022-03-29
Annual Securities Report
EDINET
2021-11-05
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-05-10
Quarterly Securities Report
EDINET
2021-03-26
Annual Securities Report
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