Overview
Wholesale Trade

NISSIN SHOJI CO.,LTD.

Nissin Shoji is a diversified energy distribution and services company primarily engaged in the supply and sale of petroleum products (including service station operations under the ENEOS brand), LPG distribution, and renewable energy (solar power and biomass fuel). The company also operates in agricultural materials, functional chemicals, real estate leasing, and industrial energy/lubricants, serving both domestic and international markets. Its competitive strengths lie in its multi-segment energy platform, long-standing partnership with ENEOS Corporation, and a growing global network across Southeast Asia.

Market Cap
¥14.6B
US$93.2M
EV
¥10.0B
US$63.9M
Stock¥2,192▲+0.00%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
18.1
x
LTM EV/EBIT
NM
LTM PER
4.0
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+44.2%pt
100
Oct 23, 25 – Oct 8, 26StockTOPIX
MC → EV Bridge
14.6BUS$93.2MMarket Cap7.05BUS$44.9M+ Debt6.08BUS$38.7M− Cash6.01BUS$38.2M− Inv. Sec.0.44BUS$2.82M+ NCI10.0BUS$63.9MEV
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Performance & Balance
Revenue 5Y (¥B)
36.5US$232M'22/338.9US$248M'23/338.7US$247M'24/339.0US$249M'25/339.4US$251M'26/3
EBITDA 5Y (¥B)
0.94US$5.98M'22/31.19US$7.55M'23/31.04US$6.59M'24/30.90US$5.75M'25/30.50US$3.17M'26/3
Net Income 5Y (¥B)
0.49US$3.12M'22/30.29US$1.82M'23/30.30US$1.89M'24/30.62US$3.92M'25/33.66US$23.3M'26/3
Capital Structure
79%
21%
EquityD/E 0.27xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
7.77US$49.5M9.07US$57.7M'22/38.72US$55.5M9.34US$59.5M'23/310.7US$68.2M10.0US$63.8M'24/312.4US$78.8M9.82US$62.5M'25/312.7US$81.1M8.26US$52.6M'26/3
Shareholders
Top 10 hold 53.5%
1
ENEOS Holdings,Inc.
17.10%
2
Nisshin Co., Ltd.
14.80%
3
The Master Trust Bank of Japan, Ltd.
5.20%
4
Sumitomo Mitsui Banking Corporation
3.70%
5
Hiroaki TSUTSUI
3.30%
6
Kenji TSUTSUI
2.90%
7
Atsuko TSUTSUI
1.80%
8
Yushiro Inc.
1.70%
9
MUFG Bank, Ltd.
1.50%
10
Nippon Fine Chemical Co.,Ltd.
1.50%
Management
7 officers
Hiroaki TSUTSUI
Representative Director, President and Executive Officer
May 1982 Joined the Company Jun 1991 General Manager, Sales Department 1, the Company Jun 1998 Managing Director, the Company Nov 2000 Representative Director and Executive Vice President, the Company Apr 2011 Representative Director and President, the Company Apr 2023 Representative Director, President and Executive Officer, the Company (current)
1956-08-21
Masanori SHIBASAKI
Director, Managing Executive Officer
Apr 1988 Joined The Taiyo Kobe Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Apr 2014 Branch Manager, Nerima Area Branch, Sumitomo Mitsui Banking Corporation Apr 2016 Branch Manager, Keihin Area Branch, Sumitomo Mitsui Banking Corporation Apr 2018 Joined the Company; General Manager, Corporate Planning Department, the Company Jun 2018 Director, the Company Jun 2021 Managing Director, the Company Apr 2023 Director, Managing Executive Officer, the Company Apr 2026 Director, Managing Executive Officer, the Company (in charge of: Assistant to the President, Functional Products Department, Sales Planning Department, Agricultural Materials Department, Renewable Energy Department, Biomass Marketing Department, Gas Department) (current)
1965-09-09
Makoto ITO
Director, Managing Executive Officer
Apr 1994 Joined the Company Apr 2015 General Manager, Accounting Department, the Company Apr 2017 General Manager, Corporate Planning Department, the Company Apr 2019 General Manager, Accounting Department and General Manager, Corporate Planning Department, the Company Jun 2019 Director, the Company Apr 2023 Director, Executive Officer, the Company Jun 2026 Director, Managing Executive Officer, the Company (in charge of: Assistant to the President, General Affairs Department, Human Resources Department, Accounting Department, Corporate Planning Department) (current)
1970-09-06
Tatsuya IRI
Director, Executive Officer
Apr 1990 Joined Nippon Oil Corporation (now ENEOS Corporation) Apr 2014 Deputy General Manager, Kyushu Branch, ENEOS Corporation Apr 2016 Deputy Manager, Vietnam Business Preparation Office, ENEOS Corporation Jun 2016 Deputy Manager, Petrolimex Project Promotion Office, ENEOS Corporation Apr 2017 Deputy General Manager, Overseas Projects Department, ENEOS Corporation Apr 2019 General Manager, Crisis Management Department, ENEOS Corporation Apr 2021 Advisor, the Company Jun 2021 Director, the Company Apr 2023 Director, Executive Officer, the Company Apr 2026 Director, Executive Officer, the Company (in charge of: Internal Audit Department, Overseas Division, SS Retail Department) (current)
1967-08-28
Kazutaka HASHIO
Director, Full-time Audit and Supervisory Committee Member
Apr 1987 Joined the Company Jun 2011 Manager, Corporate Planning Office, the Company Apr 2013 General Manager, General Affairs Department, the Company Jun 2015 Director, the Company Apr 2023 Director, Executive Officer, the Company Jun 2023 Director, Full-time Audit and Supervisory Committee Member, the Company (current)
1964-12-31
Nobuo TSUKUNI
Director, Audit and Supervisory Committee Member
Apr 1977 Joined The Mitsui Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Apr 2004 Executive Officer, Sumitomo Mitsui Banking Corporation Jun 2007 Standing Audit & Supervisory Board Member, Sumitomo Mitsui Banking Corporation Jun 2010 Representative Director and President, Human Inventory Co., Ltd. Jun 2015 Representative Director and Senior Managing Executive Officer, Muromachi Sangyo Co., Ltd.; Representative Director and President, Muromachi Tatemono Co., Ltd.; Non-Executive Director, Muromachi Shoji Co., Ltd. Jun 2016 Representative Director and President, Muromachi Sangyo Co., Ltd. Jun 2018 Outside Audit & Supervisory Board Member, Kyokuto Securities Co., Ltd. (current) Jun 2019 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1954-07-21
Yoshimi MIYABE
Director, Audit and Supervisory Committee Member
Apr 1979 Joined Tokyo Regional Taxation Bureau Jul 2008 Chief, General Affairs Section, Hiratsuka Tax Office, Tokyo Regional Taxation Bureau Jul 2011 Deputy Director, Totsuka Tax Office, Tokyo Regional Taxation Bureau Jul 2013 Special National Tax Investigator, Fujisawa Tax Office, Tokyo Regional Taxation Bureau Jul 2015 Special National Tax Investigator, First Examination Department, Tokyo Regional Taxation Bureau Jul 2016 Supervising National Tax Investigator, Fourth Examination Department, Tokyo Regional Taxation Bureau Jul 2017 Supervising National Tax Investigator, Second Examination Department, Tokyo Regional Taxation Bureau Jul 2018 Chief Inspector, Tokyo Dispatch Office, Secretariat of the Commissioner, National Tax Agency Jul 2019 Director, Yukigaya Tax Office, Tokyo Regional Taxation Bureau Jul 2020 Director, Atsugi Tax Office, Tokyo Regional Taxation Bureau May 2022 Opened certified tax accountant practice; member, Yokohama Central Branch, Tokyo Federation of Certified Tax Accountants' Associations Jun 2023 Part-time Auditor, Shonan Shinkin Bank (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1961-02-04
Large Shareholding Reports
EDIAND Co., Ltd.
2026-06-29
51.59%
EDIAND Co., Ltd.
2026-06-29
51.59%
EDIAND Co., Ltd.
2026-06-26
51.59%
Correction filing (name/detail fix only) — ratio carried over from the original filing
EDIAND Co., Ltd.
2026-06-26
51.59%
EDIAND Co., Ltd.
2026-06-26
51.59%→51.59%
Nisshin Co., Ltd.
2026-05-15
13.03%→13.03%
Annual report (as of 2026-03-31): 14.80%
ENEOS Holdings, Inc.
2026-05-15
15.00%→15.00%
Nisshin Asset Management Co., Ltd.
2026-04-06
13.03%→0.00%
Nisshin Co., Ltd.
2026-04-01
13.03%
Annual report (as of 2026-03-31): 14.80%
Nisshin Co., Ltd.
2026-04-01
12.50%→13.03%
Annual report (as of 2026-03-31): 14.80%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-29
Large Shareholding Report
EDINET
2026-06-29
Large Shareholding Report
EDINET
2026-06-29
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-26
Large Shareholding Report
EDINET
2026-06-26
Large Shareholding Report
EDINETAmended
2026-06-26
Change Report
EDINET
2026-06-23
公開買付報告書
EDINET
2026-05-15
Large Shareholding Report
EDINET
2026-05-15
Large Shareholding Report
EDINET
2026-05-12
公開買付届出書
EDINET
2026-05-12
意見表明報告書
EDINET
2026-04-06
Large Shareholding Report
EDINET
2026-04-01
Large Shareholding Report
EDINET
2026-04-01
Large Shareholding Report
TDnet
2026-02-10
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
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-10
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Sep 2024
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
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
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
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