ENVALITH
不二製油株式会社 logo

FUJI OIL CO., LTD.

2607Prime MarketFoods

不二製油株式会社 logo
FUJI OIL CO., LTD.2607

Oils and Fats

Core Group base business centered on palm-based oils and fats and CBE for chocolate

PeriodCurrentPreviousChange
Sales revenue (external customers)¥271,076 million¥207,329 million
Business profit¥33,394 million¥26,781 million
Business profit margin12.3%11.4%
Segment assets¥203,671 million¥151,895 million
Depreciation and amortization¥6,327 million¥5,086 million
Impairment loss¥204 million¥0 million
Capital expenditures¥8,126 million¥5,477 million

Business Details

Manufactures and sells processed edible fats and oils, edible oils, and cocoa butter equivalent (CBE) for chocolate, using palm oil and palm kernel oil as base raw materials. Serves domestic and overseas food manufacturers as primary customers, with production and sales bases deployed across Southeast Asia, Europe, the Americas, and Africa. Positions sustainable procurement as the core of its differentiation strategy, and captures the expansion of CBE demand during periods of surging cocoa bean prices as a revenue opportunity. Within the Group, it also serves as an intermediate raw material supply base, supplying CBE to the Industrial Chocolate business.

Recent Overview

Sales revenue and business profit both increased significantly on solid CBE sales and newly consolidated companies

In the Oils and Fats segment for FY2026 (ending March 2026), sales revenue rose sharply to ¥271,076 million (up ¥63,747 million, or 30.7%, year on year) and business profit rose to ¥33,394 million (up ¥6,612 million, or 24.7%, year on year). In addition to higher selling prices driven by rising palm oil prices, the newly consolidated companies (PROVENCE HUILES S.A.S and one other company) added to sales revenue from the first quarter. On the business profit side, solid sales of cocoa butter equivalent (CBE) were the main driver. Segment assets increased by ¥51,776 million year on year, mainly due to an increase in goodwill from the acquisition of shares in the newly consolidated companies.

Key Products

product
Cocoa Butter Equivalent (CBE)

A cocoa butter substitute fat made from palm kernel oil and other raw materials. Demand for CBE expanded amid surging cocoa bean prices, becoming the main driver of the increased profit in the Oils and Fats segment during the period under review. It also supplies the Group's Industrial Chocolate business.

product
Processed edible fats and oils

Processed edible fats and oils used in the manufacture of margarine, shortening, and other products. Rising raw material prices led to higher selling prices, contributing to increased sales.

product
Edible oil

Edible oil made from palm oil and other raw materials. Higher selling prices, driven by rising raw material costs and expanding demand, contributed to increased sales.

product
Sustainably certified oil

A differentiated product line centered on sustainable procurement (Palm Oil TTP), developed against a backdrop of tightening environmental regulations such as the EU Deforestation Regulation. A strategic product group aimed at building a profit structure less exposed to price competition.

Growth Drivers

  • Expanding demand for cocoa butter equivalent (CBE) amid surging cocoa bean prices, and the exercise of competitive advantage
  • Additional sales and profit contribution from newly consolidated companies such as PROVENCE HUILES S.A.S
  • Increased sales from passing on higher raw material costs to selling prices
  • Differentiation through value-added and enhanced functionality of raw materials centered on sustainable procurement (Palm Oil TTP)
  • Synergy creation through strengthening the Group's internal CBE supply system
  • Responding to expanding demand by leveraging global bases in Southeast Asia, Europe, and elsewhere

Risks

  • Continued elevated palm oil raw material prices and market volatility risk
  • Increased compliance costs from tightening environmental regulations such as the EU Deforestation Regulation (EU-DR)
  • Foreign exchange fluctuation risk (downside profit risk if the yen appreciates)
  • Risk of increased integration and management costs from newly consolidated companies
  • Continued market uncertainty from climate change and geopolitical risks
  • Profit margin pressure from rising fixed costs such as personnel expenses

Last updated: June 22, 2026