Loading…
Global maker of vegetable oils/fats, chocolate and cocoa ingredients, and soy-protein products for food manufacturers.
Global maker of vegetable oils/fats, chocolate and cocoa ingredients, and soy-protein products for food manufacturers.
Supplies food manufacturers rather than shoppers: Blommer Chocolate, bought in 2012, processes cocoa into chocolate and cocoa ingredients for confectioners, while Japan and Asia carry its oils and fats and soy-protein lines. Cocoa bean prices are a main cost and swing widely, so pass-through terms with customers matter.
In one line: A Japanese Bunge/ADM specialized in chocolate-fat substitutes.
Moat: narrow (scale, process know-how, customer qualification). Global leader in cocoa-butter-equivalent fats used by major chocolate makers as a cost-effective substitute.
Headquarters: Osaka, Japan · Founded: 1950 · Employees: 5,891
Size Fuji Oil (2607.T) is a Japan Consumer Staples company (Agricultural Commodities/Milling) with a market value of $2.46B, the 418th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,514 on 6 Nov 2026.
Performance Over six months the shares gained 35.5%, against -11.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 9.9% over the last twelve months (peer median +6.0%); the operating margin is 5.0% (peer median 5.7%).
Valuation It trades at 15.2× forward earnings against a peer median of 15.1× (7th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.3 points above its cost of capital (5.0% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥770B | ¥772B | ¥671B | ¥564B | ¥557B |
| Revenue growth | — | +15% | +19% | +1% | — |
| Gross profit | ¥118B | ¥91.2B | ¥63.3B | ¥75.7B | ¥65.3B |
| EBITDA | ¥60.5B | ¥54.6B | ¥29.3B | ¥45.2B | ¥31.2B |
| Net income | ¥13.5B | ¥11.1B | ¥3.86B | ¥6.52B | ¥6.13B |
| Free cash flow | ¥43.5B | ¥28.4B | -¥70.0B | ¥33.3B | -¥10.8B |
| Capital expenditure | ¥30.1B | ¥29.5B | ¥24.4B | ¥17.2B | ¥19.5B |
| Total debt | ¥287B | ¥281B | ¥292B | ¥137B | ¥179B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Fuji Oil 2607.T | $2.46B | +36% | +10% | 5% | 15.2× | 0.9% |
| Bunge Global BG | $19.0B | -20% | +55% | 4% | 9.2× | n/a |
| Aak AAK.ST | $4.88B | -30% | -1% | 10% | 13.6× | -6.0% |
| Barry Callebaut BARN.SW | $8.33B | +5% | +9% | 5% | 23.7× | -8.4% |
| Wilmar International F34.SI | $14.5B | -19% | +6% | 3% | 10.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2607.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.8% | -2.9% | 8th highest of 21 |
| 6-month return | +35.5% | -11.0% | 2nd highest of 21 |
| Distance from 52-week high | -8.3% | -24.4% | 4th highest of 21 |
| Revenue growth (TTM) | +9.9% | +6.0% | 7th highest of 21 |
| Operating margin | 5.0% | 5.7% | 10th lowest of 21 |
| Forward P/E | 15.2× | 15.1× | 7th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 0.9% | -1.5% | 7th most demanding of 15 |
| Growth delivered (Del g) | +16.2% | +10.8% | 4th highest of 15 |
| Hurdle (Req g minus delivered) | -15.2 pp | -10.5 pp | 5th least demanding of 15 |
| ROIC minus cost of capital | +0.3 pp | +0.5 pp | 11th highest of 21 |
| EV / EBITDA | 10.5× | 7.7× | 5th most expensive of 13 |
| Net debt / EBITDA | 4.0× | 0.9× | 4th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fuji Oil 2607.T | Japan | $2.46B | +36% | +10% | 5% | 15.2× | 0.9% | +16.2% |
| Curaleaf CURA.TO | Canada | $2.50B | -18% | +5% | 1% | n/a | n/a | n/a |
| Yunnan Shennong Agricultural Industry 605296.SS | China | $2.60B | +10% | +2% | -19% | n/a | n/a | n/a |
| AWL Agri Business AWL.NS | India | $2.30B | -21% | +18% | 2% | 17.6× | 13.4% | +15.0% |
| B.F BFG.MI | Italy | $2.29B | +56% | +30% | -2% | 84.3× | n/a | n/a |
| Golden Agri-Resources E5H.SI | Singapore | $2.68B | -18% | +9% | 6% | 4.2× | -13.7% | +11.6% |
| Trulieve Cannabis TRLV | United States | $2.23B | +31% | -4% | 14% | 31.1× | 13.5% | +17.8% |
| Guangxi Yuegui Guangye 000833.SZ | China | $2.19B | -46% | +67% | 30% | 9.6× | 2.1% | -0.9% |
| Lien Hwa Industrial 1229.TW | Taiwan | $2.12B | -6% | -3% | 9% | n/a | 21.5% | +7.3% |
| Schouw & SCHO.CO | Denmark | $2.90B | +30% | -1% | 4% | 15.1× | -3.3% | +9.9% |
| Genus GNS.L | United Kingdom | $2.07B | +5% | -2% | 13% | 23.0× | 17.9% | +2.8% |
| Jiangsu Lihua Animal Husbandry 300761.SZ | China | $2.94B | +2% | +7% | 3% | 29.1× | 4.0% | +16.8% |
| Cal-Maine Foods CALM | United States | $3.02B | -15% | -43% | 1% | n/a | n/a | n/a |
| Ebro Foods EBRO.MC | Spain | $3.12B | +1% | -4% | 10% | 13.2× | -7.7% | +4.4% |
| Bumitama Agri P8Z.SI | Singapore | $1.87B | -25% | +9% | 25% | 9.0× | -15.2% | +12.9% |
| Beijing Dbn Technology 002385.SZ | China | $1.86B | -23% | -1% | -6% | n/a | n/a | n/a |
| First Resources Ltd. (Singapore) EB5.SI | Singapore | $3.27B | -26% | +51% | 30% | 7.6× | -7.1% | +19.0% |
| Fujian Sunner Development 002299.SZ | China | $3.28B | -7% | +13% | 5% | 19.1× | -1.0% | +7.9% |
| BioMar Group A/S BIOMAR.CO | Denmark | $1.83B | -37% | 0% | 6% | 13.0× | -2.0% | -0.5% |
| Uie UIE.CO | Denmark | $1.81B | +5% | +12% | 37% | n/a | -13.0% | +13.1% |
| Seaboard SEB | United States | $3.38B | -22% | +7% | 3% | n/a | n/a | n/a |