Miyoshi Oil & Fat

Basic Information

Stock Code
4404
Industry
Food Products
Category Detail
Food Manufacturing
Prefecture
Tokyo
Establishment Year
February 1937
Listing Year
May 1949
Official Website
https://www.miyoshi-yushi.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Nisshin OilliO Group, Fuji Oil, Kadoya Seiyu, J-Oil Mills, Muto Seiko, Taihei Fuel, DMS

Overview

Miyoshi Oil & Fat is a leading Japanese edible oil and fat manufacturer founded in 1937, boasting the No. 1 share in domestic processed oil and fat production volume as a long-established company.

Current Situation

Miyoshi Oil & Fat recorded consolidated net sales of approximately 43.1 billion yen and operating profit of approximately 1.1 billion yen in the fiscal year ended December 2020, maintaining a solid financial base. In its mainstay edible oil and fat business, it holds the top domestic market share in processed oils and fats such as margarine, shortening, and lard, with strengths in the bread and confectionery industries. It also operates industrial oils and fats and chemical products businesses, possessing a diversified product portfolio. It has a stable shareholder base through capital ties with Nisshin OilliO and Yamazaki Baking, and focuses on technological development and environmental initiatives. In 2022, it acquired 'Eruboshi' and 'Kurumin' certifications, actively promoting sustainability and work-style reforms. Looking ahead, it plans to establish a new company in Malaysia, start operations at a new warehouse, and relocate its head office to Orinasu Tower in Tokyo, strengthening its business foundation both domestically and internationally. It is also deepening regional ties through partnerships like with Minami-Katsushika SC, aiming for sustainable growth in the medium to long term.

Trivia

Interesting Facts

  • Maintains No. 1 production volume in domestic processed edible oils and fats for many years
  • Beloved for using a child's face on margarine product packaging
  • Historic food manufacturer listed on TSE shortly after the war
  • Pioneering company in compound oil and fat manufacturing technology
  • Manufactures wide range from natural oils and fats to industrial chemical products
  • Engaged in environmental products from early on
  • Started with manufacturing soap for textile industry at founding
  • Partners with regional sports teams for community contributions
  • Possesses proprietary antifoam technology in chemical products business
  • Capital ties with Yamazaki Baking and Nisshin OilliO

Hidden Connections

  • Strengthened industry collaboration through capital alliance with Nisshin OilliO Group
  • Mutual shareholding with Yamazaki Baking contributes to stable management
  • Rooted in local community as a Sumida Ward company dating back to Edo period
  • Past ties with Kanebo, with technology exchanges in cosmetics raw materials business
  • Partners with Minami-Katsushika SC for sports support and corporate image enhancement
  • Wide relationships with other major food manufacturers through OEM supply
  • Deploys proprietary technology in surfactant field using petrochemical raw materials
  • Industrial margarine 'Miyoshi Boy' product is a long-seller

Future Outlook

Growth Drivers

  • Increasing demand for processed oils and fats in food industry
  • Product diversification needs from expansion of health-oriented foods
  • Strengthening production and sales systems for overseas markets
  • Expansion of environmental products and technologies
  • Improved production efficiency through digitalization
  • Expansion of sustainability market
  • Enhanced brand value through regional collaboration
  • Advanced and efficient logistics services
  • Strengthened compliance with laws and regulations
  • Talent utilization through improved work environment

Strategic Goals

  • Strengthen leadership in domestic processed oil and fat market
  • Establish sales network in Asian markets
  • Achieve over 50% ratio of environmental products
  • Improve employee diversity and job satisfaction
  • Digital transformation of logistics infrastructure
  • Double sales through new businesses
  • Achieve sustainable raw material procurement
  • Enhance social contribution activities in collaboration with local communities
  • Continuous increase in R&D investment
  • International standardization of safety and quality management systems

Business Segments

Food Processing Industry

Overview
Stably supplies high-quality oil and fat products to food processors.
Competitiveness
Top domestic market share in technology and product lineup
Customers
  • Bakery Operators
  • Confectionery Manufacturers
  • Restaurant Chains
  • Cake Shops
  • Frozen Food Manufacturers
  • Industrial Food Wholesalers
  • Hotels
  • Hospital Meals
Products
  • Margarine
  • Shortening
  • Lard
  • Whip Cream Raw Materials
  • Powdered Oils and Fats

Industrial Oils & Chemical Products

Overview
Manufactures and provides diverse oils, fats, and chemical products for industrial fields.
Competitiveness
Product development capabilities for versatile applications
Customers
  • Cosmetics Manufacturers
  • Detergent Manufacturers
  • Textile Processors
  • Environmental Equipment Companies
  • Industrial Raw Material Traders
  • Heavy Metal Treatment Companies
Products
  • Fatty Acids
  • Glycerin
  • Industrial Soap
  • Textile Treatments
  • Antifoams
  • Heavy Metal Collectors

Logistics & Warehouse Services

Overview
Provides integrated storage and logistics services for oils and fats, etc.
Competitiveness
Industry-specific warehouse management expertise
Customers
  • Oil & Fat Manufacturers
  • Food Manufacturers
  • Trading Companies
  • Logistics Providers
Products
  • Oil & Fat Storage & Management
  • Logistics Services

Competitive Advantage

Strengths

  • No. 1 domestic share in processed edible oils and fats
  • Accumulated technological development over many years
  • Diversified product portfolio
  • Support from stable major shareholders
  • Manufacturing bases across the nation
  • High-quality products and services
  • Expansion of environmentally friendly products
  • Solid financial base
  • Regional collaboration and social contributions
  • Expertise in both food and industrial sectors
  • Response to diverse customer needs
  • Steady corporate management
  • Strengthened upstream and downstream linkages
  • Strengths in confectionery and breadmaking fields
  • Firm trust within the industry

Competitive Advantages

  • No. 1 position in Japan for industrial edible oil and fat production volume
  • Strong customer base in breadmaking and confectionery industries
  • Stable management base with Nisshin OilliO Group and Yamazaki Baking as major shareholders
  • Revenue diversification through wide range of chemical and environmental products
  • High brand trust and technological prowess as a long-established company
  • Supply stability utilizing multiple manufacturing plants
  • Ensuring customer satisfaction through thorough product quality control
  • Active initiatives to reduce environmental impact and promote sustainability
  • Enhanced corporate image through strengthened ties with local communities and industries
  • New product development capabilities through R&D investment
  • Promotion of measures such as local subsidiary establishment for global expansion
  • Stable talent acquisition and improved employee satisfaction
  • Supply chain strengthening for logistics efficiency
  • Business efficiency improvement through IT utilization
  • Flexible product supply responding to diversifying market needs

Threats

  • Risk of raw material price instability
  • Market maturity and intensifying competition domestically
  • Low-price offensives from overseas companies
  • Cost increases due to stricter environmental regulations
  • Performance impacts from supply-demand fluctuations
  • Foreign exchange fluctuations affecting earnings
  • Growing societal demands for food safety
  • Market changes from emergence of new technologies
  • Risk of supply chain disruptions
  • Possibility of production halts due to natural disasters
  • Worsening talent acquisition issues
  • International trade frictions and regulations

Innovations

2022: Acquired Eruboshi Certification

Overview
Acquired certification as an excellent company promoting women's active roles, enhancing work environment.
Impact
Improved employee retention and corporate image

2022: Acquired Kurumin Certification

Overview
Certified as an outstanding workplace for child-rearing support, promoting work-life balance.
Impact
Contributes to talent acquisition through better work environment

2024: Established Subsidiary in Malaysia

Overview
Established new company to strengthen local production and sales base.
Impact
Promotes Southeast Asian market development and global expansion

2024: Started Operations at Ami Warehouse

Overview
Launched large-scale warehouse to improve logistics efficiency and strengthen supply system.
Impact
Achieves optimized inventory management and delivery

2025: Head Office Relocation to Orinasu Tower Planned

Overview
Plans to relocate to new head office with latest facilities to improve business efficiency and collaboration.
Impact
Advances work-style reforms and enhances corporate image

Sustainability

  • Contributions to water environment conservation through heavy metal collectors
  • Promotion of energy-saving and waste reduction activities at factories
  • Acquisition and implementation of women's active promotion certification
  • CO2 emission reductions through logistics efficiency
  • Improved workplace environment through strengthened safety and health management
  • Exploration of sustainable raw material procurement
  • CSR activities for coexistence with local communities
  • Diversification of work styles through telework introduction
  • Packaging improvements to reduce waste plastic
  • Enhanced employee health support programs