2924
Ifuji Sangyo Co., Ltd.
イフジ産業株式会社
Foods
Ifuji Sangyo Co., Ltd. engages in the liquid eggs and related business in Japan. It provides liquid and frozen eggs to confectionery, bread, and frozen food manufactures, as well as restaurant industry. The company also offers egg-based processed food products to the restaurant and delicatessen industries. In addition, it manufactures and sells powdered and granulated seasoning products for commercial use; purchases and sells organic and other natural products through its e-commerce site; and engages in the solar power generation business. The company was incorporated in 1972 and is headquartered in Fukuoka City, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥32.6B
¥25.6B
¥24.5B
¥20.9B
¥17.4B
Cost of Sales
¥26.7B
¥19.5B
¥20.3B
¥17.0B
¥14.0B
Gross Profit
¥5.9B
¥6.1B
¥4.2B
¥3.9B
¥3.4B
SG&A
¥3.1B
¥3.1B
¥2.4B
¥2.3B
¥2.1B
Operating Income
¥2.8B
¥3.0B
¥1.8B
¥1.6B
¥1.3B
Non-Operating Income
¥97M
¥69M
¥54M
¥46M
¥40M
Dividend Income
—
¥3M
¥3M
¥2M
¥2M
Interest Income
—
¥2M
¥0M
¥0M
¥0M
Non-Operating Expenses
—
¥18M
¥10M
¥6M
¥8M
Interest Expense
—
¥18M
¥10M
¥6M
¥8M
Ordinary Income
¥2.9B
¥3.0B
¥1.8B
¥1.6B
¥1.4B
Pre-tax Income
¥2.9B
¥3.0B
¥2.0B
¥1.6B
¥1.3B
Income Taxes
¥854M
¥925M
¥419M
¥498M
¥341M
Current Tax
—
¥827M
¥463M
¥563M
¥437M
Deferred Tax
—
¥97M
¥-44M
¥-65M
¥-95M
Net Income (owners)
¥2.0B
¥2.1B
¥1.6B
¥1.1B
¥996M
Comprehensive Income
—
¥2.1B
¥1.6B
¥1.1B
¥988M
EBITDA
¥3.5B
¥3.5B
¥2.2B
¥2.0B
¥1.7B
Goodwill Amort. (J-GAAP)
—
¥47M
—
—
—
EPS
¥245.90
¥254.66
¥193.49
¥135.65
¥121.46
Shares Outstanding
—
8.1M
8.3M
8.2M
8.2M
Shares Issued (total)
—
8.3M
8.3M
8.3M
8.3M
Treasury Shares
—
0.2M
0.1M
0.1M
0.1M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥18.9B
¥16.7B
¥14.6B
¥13.7B
¥11.8B
Current Assets
¥10.9B
¥10.0B
¥9.4B
¥8.5B
¥6.8B
Cash & Deposits
¥3.5B
¥4.1B
¥3.1B
¥3.7B
¥3.2B
Trade Receivables
—
¥3.8B
¥3.1B
¥3.4B
¥2.1B
Non-Current Assets
¥8.0B
¥6.8B
¥5.2B
¥5.1B
¥4.9B
PP&E
¥7.3B
¥6.0B
¥4.8B
¥4.8B
¥4.7B
Goodwill
—
¥456M
—
—
—
Intangible Assets
—
¥466M
¥5M
¥6M
¥8M
Investment Securities
¥207M
¥175M
¥181M
¥129M
¥123M
Deferred Tax Assets
—
¥87M
¥182M
¥151M
¥86M
Total Liabilities
¥6.3B
¥5.6B
¥4.9B
¥5.2B
¥4.2B
Current Liabilities
¥4.8B
¥4.5B
¥4.5B
¥3.9B
¥2.9B
Accounts Payable
—
¥1.2B
¥1.1B
¥1.3B
¥667M
ST Debt
¥1.9B
¥1.2B
¥2.2B
¥960M
¥1.0B
Taxes Payable
—
¥626M
¥214M
¥366M
¥251M
Non-Current Liabilities
¥1.5B
¥1.0B
¥417M
¥1.3B
¥1.4B
Total LT Borrowings
¥1.4B
¥951M
¥329M
¥708M
¥775M
Total Equity
¥12.6B
¥11.2B
¥9.7B
¥8.4B
¥7.5B
Capital Stock
—
¥455M
¥455M
¥455M
¥455M
Capital Surplus
—
¥414M
¥400M
¥392M
¥382M
Retained Earnings
¥11.9B
¥10.5B
¥8.8B
¥7.6B
¥6.7B
Treasury Stock
—
¥-297M
¥-53M
¥-65M
¥-86M
AOCI
—
¥64M
¥73M
¥40M
¥40M
Equity (owners)
¥12.5B
¥11.1B
¥9.6B
¥8.4B
¥7.5B
Total Interest-Bearing Debt ⓘ
¥3.2B
¥2.1B
¥2.5B
¥1.7B
¥1.8B
Net Cash ⓘ
¥290M
¥1.9B
¥624M
¥2.0B
¥1.4B
NCAV ⓘ
¥4.6B
¥4.4B
¥4.5B
¥3.3B
¥2.6B
NCAV/Share
—
¥538
¥543
¥398
¥316
BV/Share
—
¥1,364
¥1,164
¥1,018
¥912
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥1.2B
¥4.0B
¥-292M
¥1.3B
¥1.1B
Interest Paid
—
¥-18M
¥-11M
¥-6M
¥-8M
Interest Received
—
¥5M
¥3M
¥2M
¥2M
D&A
¥716M
¥496M
¥453M
¥415M
¥374M
Goodwill Amort.
—
¥47M
—
—
—
Investing CF
¥-2.3B
¥-1.9B
¥-172M
¥-449M
¥-311M
CapEx
¥2.2B
¥1.4B
¥692M
¥443M
¥307M
Purchase Investments
—
¥-5M
¥-5M
¥-4M
¥-4M
Proceeds from Invest.
—
—
—
—
¥5M
Financing CF
¥517M
¥-1.3B
¥468M
¥-355M
¥-596M
Dividends Paid
—
¥-397M
¥-387M
¥-245M
¥-213M
Share Buybacks
—
¥-255M
¥0M
¥0M
¥0M
LT Debt Repaid
—
¥-527M
¥-360M
¥-389M
¥-404M
Free Cash Flow
¥-1.0B
¥2.6B
¥-984M
¥830M
¥833M
Net Change in Cash
—
¥880M
¥2M
¥468M
¥232M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
16.8%
20.2%
17.6%
14.0%
14.0%
ROA
11.2%
13.4%
11.3%
8.8%
8.5%
EPS
¥245.90
¥254.66
¥193.49
¥135.65
¥121.46
DPS
¥32.00
¥66.00
¥48.00
¥35.00
¥28.00
BPS
¥1,548.64
¥1,371.80
¥1,173.18
¥1,022.65
¥916.86
FCF/Share
—
¥322
¥-119
¥101
¥101
NCAV/Share
—
¥538
¥543
¥398
¥316
Payout Ratio
13.0%
25.9%
24.8%
25.8%
23.1%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 3
Date Activist Stake Event Flag Demands Source
2026-04-07
Utaka Shinichi
5.08%
correction
Passive
—
2026-03-19
Utaka Shinichi
5.08%
change
Passive
—
2024-08-19
Shou Corporation Co., Ltd.
14.13%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 10
#
Shareholder
Shares (thou.)
% of Total
1
株式会社将コーポレーション
1,179
14.49%
2
宇髙 紫乃
723
8.90%
3
宇髙 真一
423
5.21%
4
宇髙 和真
421
5.18%
5
THE BANK OF FUKUOKA, LTD.
株式会社福岡銀行
394
4.85%
6
藤井 将徳
362
4.46%
7
宇髙 悠真
288
3.54%
8
藤井 智徳
277
3.41%
9
光通信株式会社
215
2.65%
10
国立大学法人九州大学
200
2.46%
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
55.1%
+2.8% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
式会社将コーポレーション
12.07%
12.04%
14.49%
+2.45%
宇髙 紫乃
8.77%
8.76%
8.90%
+0.14%
宇髙 真一
5.13%
5.13%
5.21%
+0.08%
宇髙 和真
5.10%
5.10%
5.18%
+0.08%
THE BANK OF FUKUOKA, LTD.
式会社福岡銀行
4.79%
4.78%
4.85%
+0.07%
藤井 将徳
4.40%
4.39%
4.46%
+0.07%
宇髙 悠真
3.49%
3.49%
3.54%
+0.05%
藤井 智徳
3.36%
3.36%
3.41%
+0.05%
光通信
NEW ENTRY
—
—
—
2.65%
NEW
国立大学法人九州大学
—
2.42%
2.46%
+0.04%
藤井 宗徳
last seen 2024
Exited Top 10
2.72%
2.86%
—
日本マスタートラスト信託銀行
last seen 2023
Exited Top 10
3.05%
—
—
Concentration (HHI)
ⓘ
357
354
424
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥170M
+36% since 2023
Holdings
10
+2 new
1 exited
Trend
4 building
vs 2023
Held Company
FY2025
¥170M total
FY2023
¥125M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Morinaga&Co.,Ltd.
森永製菓(株)
86
+110.3%
↑
34,337
61
16,325
IMURAYA GROUP CO., LTD.
井村屋グループ(株)
30
+6.3%
↑
12,618
26
11,874
NIPPN CORPORATION
(株)ニップン
26
+9.8%
↑
12,405
18
11,302
BOURBON CORPORATION
(株)ブルボン
9
+38.7%
↑
3,928
6
2,833
Fukuoka Financial Group, Inc.
(株)ふくおかフィナンシャルグループ
7
2,000
5
2,000
M
RIX CORPORATION
リックス(株)
7
2,400
6
2,400
M
YAMAZAKI BAKING CO., LTD.
山崎製パン(株)
2
1,000
1
1,000
M
譬ェ蠑丈シ夂、セ繧ー繝ェ繝シ繝ウ繧ッ繝ュ繧ケ繝帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ
(株)グリーンクロスホールディングス
2
NEW
New
2,000
—
M
Hokuryo Co., Ltd.
(株)ホクリヨウ
1
NEW
New
1,000
—
M
marutai co.,ltd
(株)マルタイ
—
—
GREEN CROSS CO.,LTD.
(株)グリーンクロス
—
−100%
Exit
—
2
2,000
M
Portfolio total
170
125
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding