J-OIL MILLS, INC.
2613・Prime Market・Foods
Oils and Fats Business
J-Oil Mills' core segment. Manufactures and sells household-use and commercial-use oils and fats, and meals.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (Full Year FY2026, ending March 2026) | ¥206,849 million | ¥209,231 million | ↓ |
| Segment Profit (Full Year FY2026, ending March 2026) | ¥3,375 million | ¥8,243 million | ↓ |
| Segment Assets (End of FY2026, ending March 2026) | ¥134,521 million | ¥130,557 million | ↑ |
| Depreciation (Full Year FY2026, ending March 2026) | ¥2,769 million | ¥2,735 million | ↑ |
| Segment Profit Margin (Full Year FY2026, ending March 2026) | 1.6% | 3.9% | ↓ |
Business Details
The core business engaged in the manufacturing, processing, and sale of Household-use Oils and Fats, Commercial-use Oils and Fats, and Meals (Soybean Meal / Rapeseed Meal). Accounts for approximately 91% of consolidated net sales. The main customer is Ajinomoto Co., Inc. (sales of ¥46,736 million in FY2026, ending March 2026). Using soybeans and rapeseed as primary raw materials, the segment has a vertically integrated business structure in which meals produced after oil extraction are also sold through the oilseed division.
Recent Overview
Net sales declined slightly due to sharply rising costs, and segment profit fell significantly by 59.1% year on year.
In FY2026 (ending March 2026), sales of Commercial-use Oils and Fats were solid (net sales of ¥115,603 million, up 4.5% year on year), while Household-use Oils and Fats saw a decline in sales due to increased frugality among consumers. Meals saw a substantial decline in net sales to ¥62,320 million (down 9.1% year on year) due to falling Chicago soybean meal prices and declining rapeseed meal prices. On the profitability front, in addition to the continued weak yen and persistently high logistics and energy costs, oils and fats costs rose significantly due to historically low meal values and declining oil content in Canadian rapeseed, causing segment profit to decline sharply to ¥3,375 million (down 59.1% year on year).
Key Products
Growth Drivers
- Solid trends in sales volume and net sales of Commercial-use Oils and Fats driven by expanding inbound demand and recovery of the food service market
- Improved profitability through the penetration of price revisions and expanded sales of high-value-added products (SUSTEC®, Smart Green Pack®, etc.)
- Expansion of soybean meal and rapeseed meal sales volume accompanying increased oil extraction volume
- Structural expansion of demand for Commercial-use Oils and Fats driven by the shift from home cooking (naishoku) to prepared meals (nakashoku)
- Strengthening of the management foundation and improved profitability of existing businesses based on the Sixth Medium-Term Management Plan "Transforming for Growth"
Risks
- Risk of rising raw material costs due to fluctuations in international soybean and rapeseed prices and prolonged yen depreciation
- Risk of declining meal sales prices due to falling Chicago soybean meal prices and rapeseed meal prices
- Declining demand for Household-use Oils and Fats due to strengthening consumer frugality amid rising prices
- Increased costs due to persistently high logistics costs and energy prices
- Risks related to raw material quality and supply-demand, including declining oil content in Canadian rapeseed and low meal values
- Fluctuations in raw materials and foreign exchange rates due to instability in the international situation stemming from uncertainty in U.S. trade policy and geopolitical risks
Last updated: June 22, 2026