oie sangyo co.,ltd

尾家産業株式会社

Wholesale Trade

Oie Sangyo Co., Ltd. operates as a food trading company in Japan. It primarily supplies frozen, cooked, semi-cooked, dried, and canned food products to restaurants, and other food service industries, as well as hospitals and elderly facilities. The company also provides non-food products, includes ingredients and kitchen supplies such as wraps, plastic bags, and detergents. Oie Sangyo Co., Ltd. was founded in 1947 and is headquartered in Osaka, Japan.

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Price

¥2,435

Market Cap

¥20.2B

Ent. Value

¥12.4B

Net Cash

¥7.8B

Shares Out.

8.3M

P / E

7.2×

EV / EBIT

3.2×

P / Book

1.19×

P / NCAV

3.69×

Div. Yield

1.93%

Financials

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Net Sales	¥129.3B	¥119.3B	¥111.4B	¥94.8B	¥70.5B
Cost of Sales	¥104.9B	¥96.7B	¥90.4B	¥77.6B	—
Gross Profit	¥24.4B	¥22.5B	¥21.0B	¥17.2B	¥12.2B
SG&A	¥20.6B	¥19.0B	¥17.7B	¥15.5B	¥12.9B
Operating Income	¥3.8B	¥3.6B	¥3.2B	¥1.7B	¥-781M
Non-Operating Income	¥62M	¥59M	¥57M	¥92M	¥360M
Dividend Income	—	¥14M	¥11M	¥10M	¥11M
Interest Income	—	¥6M	¥5M	¥5M	¥5M
Non-Operating Expenses	—	¥14M	¥34M	¥24M	¥138M
Interest Expense	—	¥2M	¥4M	¥9M	¥11M
Ordinary Income	¥3.9B	¥3.6B	¥3.3B	¥1.8B	¥-560M
Pre-tax Income	¥3.9B	¥3.9B	¥3.3B	¥1.8B	¥-282M
Income Taxes	¥1.1B	¥1.0B	¥213M	¥126M	¥-168M
Current Tax	—	¥1.1B	¥924M	¥331M	¥55M
Deferred Tax	—	¥-11M	¥-711M	¥-204M	¥-223M
Net Income (owners)	¥2.8B	¥2.8B	¥3.1B	¥1.6B	¥-114M
Comprehensive Income	—	¥2.6B	¥3.5B	—	—
EBITDA	¥4.3B	¥4.1B	¥3.8B	¥2.3B	¥-100M
Goodwill Amort. (J-GAAP)	—	¥11M	—	—	—
EPS	¥338.34	¥339.57	¥344.43	¥180.55	¥-12.62
Shares Outstanding	—	8.3M	8.3M	9.3M	9.3M
Shares Issued (total)	—	9.3M	9.3M	9.3M	9.3M
Treasury Shares	—	1.0M	1.0M	—	—

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	¥41.1B	¥37.6B	¥35.4B	¥33.0B	¥27.4B
Current Assets	¥29.6B	¥26.5B	¥24.0B	¥22.2B	¥16.3B
Cash & Deposits	¥7.9B	¥6.1B	¥4.0B	¥4.1B	¥3.2B
Trade Receivables	—	¥14.9B	¥15.0B	¥13.4B	¥9.4B
Inventories	—	¥3.6B	¥3.3B	¥3.1B	¥2.5B
Non-Current Assets	¥11.5B	¥11.1B	¥11.4B	¥10.8B	¥11.2B
PP&E	¥6.5B	¥6.8B	¥6.8B	¥7.1B	¥7.4B
Goodwill	—	¥46M	¥59M	—	—
Intangible Assets	—	¥184M	¥208M	¥172M	¥179M
Investment Securities	¥1.5B	¥811M	¥1.1B	¥900M	¥864M
Deferred Tax Assets	—	¥944M	¥858M	¥289M	¥95M
Total Liabilities	¥24.1B	¥23.1B	¥22.7B	¥22.0B	¥17.9B
Current Liabilities	¥21.5B	¥20.2B	¥20.0B	¥19.0B	¥14.1B
ST Debt	¥67M	¥103M	¥209M	¥910M	¥1.6B
Taxes Payable	—	¥667M	¥847M	¥374M	¥97M
Non-Current Liabilities	¥2.6B	¥2.9B	¥2.7B	¥3.0B	¥3.8B
Total LT Borrowings	¥16M	¥62M	¥116M	¥138M	¥1.0B
Pension Obligations	—	¥1.6B	¥1.5B	—	—
Total Equity	¥17.0B	¥14.5B	¥12.7B	¥11.0B	¥9.5B
Capital Stock	—	¥1.3B	¥1.3B	¥1.3B	¥1.3B
Capital Surplus	—	¥1.2B	¥1.2B	¥1.2B	¥1.2B
Retained Earnings	¥14.8B	¥12.9B	¥10.9B	¥8.3B	¥6.8B
Treasury Stock	—	¥-1.5B	¥-1.5B	¥-172M	¥-172M
AOCI	—	¥544M	¥732M	¥340M	¥316M
Equity (owners)	¥15.9B	¥13.9B	¥12.0B	¥10.7B	¥9.2B

Total Interest-Bearing Debt ⓘ	¥83M	¥165M	¥325M	¥1.0B	¥2.6B
Net Cash ⓘ	¥7.8B	¥6.0B	¥3.7B	¥3.0B	¥613M
NCAV ⓘ	¥5.5B	¥3.4B	¥1.3B	¥226M	¥-1.6B
NCAV/Share	—	¥407	¥158	¥24	¥-176
BV/Share	—	¥1,681	¥1,445	¥1,156	¥995

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	¥3.3B	¥3.7B	¥2.8B	¥2.6B	¥520M
Taxes Paid	—	¥-1.2B	¥-464M	¥-83M	¥103M
Interest Paid	—	¥-2M	¥-4M	¥-9M	¥-11M
Interest Received	—	¥21M	¥17M	¥14M	¥16M
D&A	¥522M	¥567M	¥580M	¥626M	¥682M
Goodwill Amort.	—	¥11M	—	—	—
Investing CF	¥-3.0B	¥-546M	¥-90M	¥50M	¥202M
CapEx	¥68M	¥515M	¥95M	¥23M	¥240M
Purchase Investments	—	¥-1M	¥-1M	¥-1M	¥-1M
Proceeds from Invest.	—	¥298M	¥43M	—	¥359M
Financing CF	¥-980M	¥-1.1B	¥-2.8B	¥-1.8B	¥-437M
Dividends Paid	—	¥-866M	¥-452M	¥-135M	¥-1M
Share Buybacks	—	—	¥-1.4B	¥-0M	—
LT Debt Repaid	—	¥-209M	¥-910M	¥-1.6B	¥-1.9B
Free Cash Flow	¥3.2B	¥3.2B	¥2.7B	¥2.6B	¥281M
Net Change in Cash	—	¥2.1B	¥-103M	¥864M	¥285M

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	17.8%	20.7%	24.1%	15.9%	-1.2%
ROA	7.1%	7.7%	8.9%	5.4%	-0.4%
EPS	¥338.34	¥339.57	¥344.43	¥180.55	¥-12.62
DPS	¥47.00	¥102.00	¥90.00	¥30.00	¥5.00
BPS	¥2,044.50	¥1,746.60	¥1,533.95	¥1,220.50	¥1,052.24
FCF/Share	—	¥390	¥328	¥277	¥30
NCAV/Share	—	¥407	¥158	¥24	¥-176
Payout Ratio	13.9%	30.0%	26.1%	16.6%	—

Event Timeline

S Shareholder A Capital Signal

Large Shareholder Reports 2

Date	Activist	Stake	Event	Flag	Demands	Source
2024-02-20	Oie Corporation.Co., Ltd.	3.24%	correction	Passive	—
2024-01-10	Oie Corporation.Co., Ltd.	3.24%	change	Passive	—

Capital Allocation Signals 2

Date	Type	Amount	Summary
2026-05-20 15:30	Div Increase	¥456M ¥55.0/sh -4%	Ogiya Sangyo announced a period-end dividend of ¥55 per share (ordinary dividend only) for fiscal year ended March 31, 2…
Summary Ogiya Sangyo announced a period-end dividend of ¥55 per share (ordinary dividend only) for fiscal year ended March 31, 2026, totaling ¥456 million. This represents a reversion to ordinary dividend structure after the prior year's ¥57 special dividend (¥45 ordinary + ¥12 special). Full-year dividend reaches ¥102 per share including the interim dividend of ¥47, maintaining stable shareholder returns with a target consolidated payout ratio of 30% or above. Deadline: 2026-06-05 YoY: -4% Source (JP) 期末配当金は、1株当たり普通配当55円といたしました。なお、年間配当金としては中間配当金47円と合わせた合計102円となります。剰余金の配当（増配）に関するお知らせ TDnet PDF
2026-05-12 15:30	Div Increase	¥55.0/sh +22%	Ogaka Sangyo revised its FY2026 full-year dividend forecast upward from 94 yen to 102 yen per share, with the period-end…
Summary Ogaka Sangyo revised its FY2026 full-year dividend forecast upward from 94 yen to 102 yen per share, with the period-end dividend increased from 47 yen to 55 yen. This 8.5% increase in full-year DPS reflects strong business performance and targets a consolidated payout ratio of 30% or higher, demonstrating commitment to stable and continuous shareholder returns. YoY: +22% Source (JP) 期末配当金は、1株当たり普通配当55円とさせていただく予定であります。年間配当金（円）102円00銭配当予想の修正（増配）に関するお知らせ TDnet PDF

#	Shareholder	Shares (thou.)	% of Total
1	サンホーム共栄会	982	11.85%
2	三井住友信託銀行株式会社(ＭＳＭ３信託口)	799	9.64%
3	尾家美津子	431	5.20%
4	Employee Stock Ownership Plan 尾家産業従業員持株会	320	3.86%
5	株式会社オイエコーポレーション	299	3.61%
6	三井住友信託銀行株式会社（信託口甲26号）	246	2.97%
7	Itochu Corporation 伊藤忠商事株式会社	206	2.49%
8	三井住友信託銀行株式会社（信託口甲27号）	169	2.03%
9	尾家啓二	166	2.01%
10	株式会社みずほ銀行	164	1.98%

as of 2025-03-31 Source: EDINET ↗

Ownership by year — hover bars for detail

Domestic Nominees

14.6%

+2.4% 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

31.0%

-2.5% vs 2024

Named entities with disclosed investment intent

Shareholder	Trend	2023	2024	2025
三井住友信託銀行		8.83%	9.66%	14.64% +4.98%
サンホーム共栄会		9.84%	11.22%	11.85% +0.63%
尾家美津子		4.76%	5.20%	5.20%
Employee Stock Ownership Plan 尾家産業従業員持株会		3.45%	4.00%	3.86% -0.14%
式会社オイエコーポレーション		12.15%	3.62%	3.61% -0.01%
Itochu Corporation 伊藤忠商事		2.28%	2.49%	2.49%
尾家啓二		1.82%	1.99%	2.01% +0.02%
みずほ銀行 NEW ENTRY	—	—	—	1.98% NEW
坪田由季 last seen 2024	Exited Top 10	2.72%	2.98%	—
Japan Master Trust Bank 日本マスタートラスト信託銀行 last seen 2024	Exited Top 10	3.40%	2.54%	—
坂口志保 last seen 2024	Exited Top 10	1.86%	2.04%	—
Concentration (HHI) ⓘ		388	305	424

3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved

Portfolio Book Value ¥785M -11% since 2023

Holdings 18 +3 new 6 exited

Trend 1 unwinding vs 2023

Held Company	FY2025 ¥785M total		FY2023 ¥886M total
	Book Val ¥M	Shares	Book Val ¥M	Shares
㈱みずほフィナンシャルグループ	241	59,700	112	59,700
サッポロホールディングス㈱	104	NEW New 13,700	—
GOURMET KINEYA CO.,LTD. ㈱グルメ杵屋	93	91,800	94	91,800
不二製油グループ本社㈱	75	24,500	47	24,500	M
㈱フジオフードグループ本社	66	+3.2% ↑ 57,149	77	55,396
Niitaka Co., Ltd. ㈱ニイタカ	59	28,900	62	28,900	M
KANMONKAI CO., LTD. ㈱関門海	48	-40.5% ↓ 220,000	86	370,000
KAGOME CO.,LTD. カゴメ㈱	45	15,600	48	15,600	M
BIKEN TECHNO CORPORATION ㈱ビケンテクノ	12	13,000	13	13,000	M
NIPPN CORPORATION ㈱ニップン	10	5,000	8	5,000	M
Imperial Hotel, Ltd. ㈱帝国ホテル	10	+100.0% ↑ 12,000	12	6,000
WATAMI CO.,LTD. ワタミ㈱	8	8,600	8	8,600
FUJITA KANKO INC. 藤田観光㈱	5	600	2	600
ロイヤルホールディングス㈱	3	NEW New 1,400	—
OIZUMI Corporation ㈱オーイズミ	2	9,000	4	9,000
エイチ・ツー・オーリテイリング㈱	2	NEW New 1,100	—
Maruha Nichiro Corporation マルハニチロ㈱	1	600	1	600	M
Showa Sangyo Co., Ltd. 昭和産業㈱	1	400	1	400	M
Takachiho Co.,Ltd ㈱タカチホ	—	−100% Exit —	0	200
JB ELEVEN CO.,LTD. ㈱ＪＢイレブン	—	−100% Exit —	250	353,600
アサヒグループホールディングス㈱	—	−100% Exit —	8	1,600
サッポロホールディングス㈱	—	−100% Exit —	47	13,700
ロイヤルホールディングス㈱	—	−100% Exit —	4	1,400
エイチ・ツー・オーリテイリング㈱	—	−100% Exit —	2	1,100
Portfolio total	785		886

Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding