Overview
Chemicals

FP CORPORATION

FP Corporation is Japan's leading manufacturer and distributor of synthetic resin food trays and containers, including ready-meal trays, bento containers, and packaging materials. The company operates a comprehensive nationwide network covering production, logistics, and recycling, and differentiates itself through high-value-added product development and proprietary material technologies. FP Corporation also runs a closed-loop recycling business, collecting used containers and PET bottles for reprocessing into raw materials, underpinning its sustainability positioning.

Market Cap
¥228B
US$1.46B
EV
¥278B
US$1.77B
Stock¥2,822▲+1.18%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.6
x
LTM EV/EBIT
12.7
x
LTM PER
15.3
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-10.7%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
228BUS$1.46BMarket Cap86.7BUS$553M+ Debt25.2BUS$161M− Cash12.2BUS$77.7M− Inv. Sec.0.76BUS$4.85M+ NCI278BUS$1.77BEV
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Performance & Balance
Revenue 5Y (¥B)
196US$1.25B'22/3211US$1.35B'23/3222US$1.42B'24/3236US$1.50B'25/3240US$1.53B'26/3
EBITDA 5Y (¥B)
29.5US$188M'22/330.9US$197M'23/331.5US$201M'24/333.2US$212M'25/336.2US$231M'26/3
Net Income 5Y (¥B)
11.2US$71.5M'22/311.5US$73.5M'23/311.7US$74.8M'24/312.5US$79.6M'25/314.9US$94.8M'26/3
Capital Structure
65%
35%
EquityD/E 0.53xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
24.3US$155M80.2US$511M'22/333.2US$211M102US$651M'23/334.7US$221M92.8US$592M'24/329.3US$187M80.5US$513M'25/337.7US$240M80.6US$514M'26/3
Shareholders
Top 10 hold 62.8%
1
Komatsu Yasuhiro Kosan Co., Ltd.
35.58%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.48%
3
Custody Bank of Japan, Ltd. (Trust Account)
6.67%
4
Sekisui Kasei Co.,Ltd.
3.07%
5
The Nishi-Nippon City Bank, Ltd.
2.18%
6
FP Kyoeikai
2.02%
7
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.53%
8
The Master Trust Bank of Japan, Ltd. (Retirement Benefit Trust, Sekisui Kasei Co.,Ltd. Account)
1.48%
9
FP CORPORATION Employee Stock Ownership Association
1.42%
10
The Dai-ichi Life Insurance Company, Limited (Standing Proxy: Custody Bank of Japan, Ltd.)
1.36%
Management
15 officers
Morimasa SATO
Representative Director, Chairman; Representative of FP Group
Apr 1983 Joined Mitsui & Co., Ltd. Jun 1998 Non-Executive Director, FP Corporation Mar 1999 Resigned from Mitsui & Co., Ltd. Apr 1999 Director, General Manager of Management Strategy Office, FP Corporation Jun 1999 Managing Director, General Manager of Management Strategy Division Jun 2000 Senior Managing Director, General Manager of Management Strategy Division Jun 2001 Representative Director, Executive Vice President; General Manager of Management Strategy Division; in charge of General Affairs & Human Resources, Accounting & Finance, and SCM Divisions Jun 2009 Representative Director, President Jun 2022 Representative Director, Chairman; Representative of FP Group (current)
1959-06-02
Kazuyuki YASUDA
Representative Director, President
Sep 1979 Joined FP Corporation Jun 2003 Director, General Manager of New System Preparation Office Jun 2008 Director, General Manager of SCM Division Jun 2009 Director, General Manager of SCM Division; in charge of Information Systems Department Apr 2012 Director, General Manager of SCM Division; General Manager of SCM Group Planning Department; in charge of Information Systems Department Jun 2014 Managing Director, General Manager of SCM Division; General Manager of SCM Group Planning Department; in charge of Information Systems Department Apr 2015 Managing Director, General Manager of SCM Division; in charge of Information Systems Department Jun 2019 Senior Managing Director, General Manager of SCM Division; in charge of Information Systems Department Jun 2022 Representative Director, President; General Manager of SCM Division Jun 2023 Representative Director, President (current)
1955-12-09
Masanobu TAKAHASHI
Senior Managing Director, General Manager of Sales Division
Apr 1982 Joined FP Corporation Jun 2005 Director, Deputy General Manager of First Sales Division; General Manager of Sales Department No. 4 Jun 2014 Representative Director, President, FP Inter Pack Co., Ltd. Apr 2018 Executive Officer, Deputy General Manager of First Sales Division, FP Corporation Jun 2018 Managing Director, General Manager of First Sales Division Apr 2019 Managing Director, General Manager of Sales Division; General Manager of East Japan Sales Control Department Jun 2019 Senior Managing Director, General Manager of Sales Division; General Manager of East Japan Sales Control Department Apr 2025 Senior Managing Director, General Manager of Sales Division (current)
1959-05-25
Nobuyuki NAGAI
Senior Managing Director, General Manager of Production Division
Apr 1977 Joined FP Corporation Jun 2007 Director, Deputy General Manager of Production Division Jun 2009 Director, General Manager of Production Division Jun 2014 Managing Director, General Manager of Production Division Jun 2016 Senior Managing Director, General Manager of Production Division (current)
1959-02-21
Isao IKEGAMI
Senior Managing Director, General Manager of Accounting & Finance Division; in charge of Corporate Planning Office; in charge of Secretarial Office, Tokyo Head Office
Apr 1982 Joined FP Corporation Jun 2002 Director, General Manager of Tokyo Head Office Branch Jun 2007 Managing Director, General Manager of Corporate Planning Office; in charge of Secretarial Office, Tokyo Head Office Jun 2009 Managing Director, General Manager of Corporate Planning Office; in charge of Accounting & Finance Division; in charge of Secretarial Office, Tokyo Head Office Jun 2012 Managing Director, General Manager of Accounting & Finance Division; General Manager of Corporate Planning Office; in charge of Secretarial Office, Tokyo Head Office Jun 2017 Senior Managing Director, General Manager of Accounting & Finance Division; in charge of Corporate Planning Office; in charge of Secretarial Office, Tokyo Head Office (current)
1959-01-27
Hirotsugu OGAWA
Senior Managing Director, General Manager of Trading Division
Apr 1985 Joined Mitsui & Co., Ltd. Jun 2008 Seconded to Mitsui Plastics, Inc. as Director & President (New York) Oct 2014 Seconded to Mitsui Plastics Co., Ltd. as Director and Senior Managing Executive Officer Apr 2017 Senior Vice President & Divisional Operating Officer of Chemicals Division (EMEA), Mitsui & Co. Europe Ltd. Mar 2019 Resigned from Mitsui & Co. Europe Ltd. Apr 2019 Joined FP Corporation as Advisor, Trading Division Jun 2019 Director, General Manager of Trading Division Jun 2021 Managing Director, General Manager of Trading Division Jun 2023 Senior Managing Director, General Manager of Trading Division (current)
1961-10-04
Kenji KOBAYASHI
Managing Director, Deputy General Manager of Sales Division; in charge of Kinki Sales Control Department; General Manager, Chugoku-Shikoku Sales Control Department; General Manager, Kyushu Sales Control Department
Apr 1987 Joined FP Corporation Apr 2014 Executive Officer, General Manager of East Japan Region; General Manager of Tokyo Sales Department No. 4 Apr 2016 Executive Officer, General Manager of Kinki Region; General Manager of Kinki Sales Department No. 3 Jun 2016 Director, General Manager of Kinki Region; General Manager of Kinki Sales Department No. 3 Apr 2017 Director, General Manager of Kinki Region Nov 2017 Director, General Manager of Kinki Region; General Manager of Kinki Sales Department No. 1 Apr 2018 Director, General Manager of Kinki Region Apr 2019 Director, General Manager of Kinki and Chugoku-Shikoku Sales Control Department Jun 2020 Managing Director, General Manager of Kinki and Chugoku-Shikoku Sales Control Department Mar 2022 Managing Director, General Manager of Kinki and Chugoku-Shikoku Sales Control Department; General Manager of Kyushu Sales Control Department Apr 2022 Managing Director, General Manager of West Japan Sales Control Department Apr 2025 Managing Director, Deputy General Manager of Sales Division; in charge of Kinki Sales Control Department; General Manager, Chugoku-Shikoku Sales Control Department; General Manager, Kyushu Sales Control Department (current)
1964-10-07
Misuzu ASARI
Director
Oct 2004 Research Assistant, Environmental Preservation Center, Kyoto University Apr 2005 Lecturer (Research Staff), Environmental Preservation Center, Kyoto University Apr 2006 Research Associate, Environmental Preservation Center, Kyoto University Apr 2007 Assistant Professor, Environmental Preservation Center, Kyoto University Apr 2011 Assistant Professor, Organization for Environmental Preservation, Kyoto University Apr 2016 Associate Professor, Graduate School of Global Environmental Studies, Kyoto University Oct 2023 Professor, Research Institute for Humanity and Nature, Inter-University Research Institute Corporation National Institutes for the Humanities (current) Oct 2023 Member, Science Council of Japan, Cooperative Member (current) Oct 2023 Trustee, International Lake Environment Committee Foundation (current) Oct 2023 Member, Kyoto Prefectural Environmental Council (current) Jun 2024 Director, FP Corporation (current)
1977-08-03
Reiko YADA
Director
Apr 2023 Joined FP Corporation Apr 2024 Executive Officer, Deputy General Manager of General Affairs & Human Resources Division; General Manager of Legal & Compliance Control Office; in charge of Special Subsidiary and Type A Continuous Employment Support Business Jun 2026 Executive Officer, Deputy General Manager of General Affairs & Human Resources Division; in charge of Sustainability Promotion Office; in charge of Special Subsidiary and Type A Continuous Employment Support Business (current)
Morihiko OTAKI
Director (Audit and Supervisory Committee Member)
Apr 1977 Joined Dai Nippon Printing Co., Ltd. Aug 1996 Director, Johnson & Johnson K.K. Jul 1997 Representative Director, Johnson & Johnson K.K. Sep 2011 Director, Vice Chairman, Pasona Group Inc. Jun 2013 Outside Director, NGK Spark Plug Co., Ltd. Jun 2016 Director, Henry Schein Japan, Inc. (current) Jun 2018 Outside Director, Gigaprise Inc. Jun 2020 Director (Audit and Supervisory Committee Member), FP Corporation (current)
1954-06-11
Shuichi MATSUMOTO
Director (Audit and Supervisory Committee Member)
Apr 1978 Joined Mitsui & Co., Ltd. Feb 1992 Vice President & Controller, Mitsui & Co. Finance Inc. (New York) Jul 2005 Executive Vice President, Mitsui & Co. Brasil Nov 2009 Deputy General Manager, Kansai Branch, Mitsui & Co., Ltd. Feb 2012 Director, General Manager of Operations Division, TriNet Co., Ltd. Dec 2014 Resigned from Mitsui & Co., Ltd. Jun 2015 Full-time Audit & Supervisory Board Member, FP Corporation Jun 2016 Director (Audit and Supervisory Committee Member), FP Corporation (current)
1954-10-30
Toshinori IWASAWA
Director (Audit and Supervisory Committee Member)
Apr 1990 Joined Itochu Corporation Jan 1996 Joined Price Waterhouse Consultants Co., Ltd. Jul 1997 Joined Deloitte Tohmatsu Consulting Co., Ltd. (now ABeam Consulting Ltd.) Nov 2003 Principal Executive Officer, ABeam Consulting Ltd. Apr 2009 Representative Director, President, ABeam Consulting Ltd. Mar 2016 Outside Director, Golf Digest Online Inc. Mar 2020 Resigned from ABeam Consulting Ltd. Nov 2020 IT Strategy Investigation Officer, IT Strategy Office, Cabinet Secretariat Jun 2021 Director (Audit and Supervisory Committee Member), FP Corporation Sep 2021 General Manager of Resource Management, Digital Agency Nov 2022 Senior Expert, Business Planning and Strategy, Digital Agency Jan 2024 Representative Director, President, SYSTEM INFORMATION Co., Ltd. (now SI&C Co., Ltd.) (current)
1966-06-19
Takayoshi YAMAKAWA
Director (Audit and Supervisory Committee Member)
Apr 1991 Joined Yokogawa Hewlett-Packard Ltd. Oct 1995 Joined Boston Consulting Group Jun 2000 Co-founder, Director and CTO, Dream Incubator Inc. Jun 2005 Director and Vice President, Dream Incubator Inc. Jun 2006 Representative Director, President, Dream Incubator Inc. Jun 2020 Resigned from Dream Incubator Inc. Jul 2020 Representative Partner, Business Producer LLC (current) Jun 2021 Outside Director, Akatsuki Securities Co., Ltd. (current) Jun 2022 Outside Director, Japan Securities Finance Co., Ltd. (current) Jun 2022 Director (Audit and Supervisory Committee Member), FP Corporation (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), Kansai Airports Co., Ltd. (current)
1965-10-02
Keitaro KUSUNOKI
Director (Audit and Supervisory Committee Member)
Apr 1998 Registered as attorney-at-law (Japan) Nov 2003 Registered as attorney-at-law (New York State, USA) Dec 2012 Opened Kusunoki Iwasaki Law Office (now Kusunoki Iwasaki Sawano Law Office) May 2019 Outside Audit & Supervisory Board Member, Seasmen Co., Ltd. Jun 2020 Outside Director, Toka Do Energy Co., Ltd. (current) Dec 2020 Audit & Supervisory Board Member, Tastemade Japan (current) Jun 2024 Director (Audit and Supervisory Committee Member), FP Corporation (current)
1971-04-27
Kimiko NISHIMURA
Director (Audit and Supervisory Committee Member)
Apr 1978 Joined Ministry of Labour (then) Jul 2014 Joined FP Corporation as Executive Officer, Deputy General Manager of General Affairs & Human Resources Division; in charge of Special Subsidiary and Type A Continuous Employment Support Business; in charge of Environmental Measures Office Jun 2017 Director, Deputy General Manager of General Affairs & Human Resources Division; in charge of Special Subsidiary and Type A Continuous Employment Support Business; in charge of Environmental Measures Office; in charge of Legal & Compliance Control Office Jun 2019 Managing Director, in charge of General Affairs & Human Resources Division; in charge of Special Subsidiary and Type A Continuous Employment Support Business; in charge of Environmental Measures Office; in charge of Legal & Compliance Control Office Jul 2022 Managing Director, in charge of General Affairs & Human Resources Division; in charge of Special Subsidiary and Type A Continuous Employment Support Business; in charge of Sustainability Promotion Office; in charge of Legal & Compliance Control Office Apr 2024 Managing Director, in charge of General Affairs & Human Resources Division; in charge of Sustainability Promotion Office Jun 2025 Director (Audit and Supervisory Committee Member) (current)
1955-07-22
Large Shareholding Reports
Komatsu Yasuhiro Kosan Co., Ltd.
2025-09-12
34.03%→34.03%
Annual report (as of 2026-03-31): 35.58%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-01
株主総会招集通知
TDnet
2026-01-29
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-12
Large Shareholding Report
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-09
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-02
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-04
Quarterly Securities Report
EDINET
2022-08-04
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-03
Quarterly Securities Report
EDINET
2021-11-04
Quarterly Securities Report
EDINET
2021-08-05
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-04
Quarterly Securities Report
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