Message from the CEO

I would like to thank each and every one of you for the tremendous support and patronage you provide on a daily basis.

FUJI OIL HOLDINGS INC. has absorbed its 100% subsidiary FUJI OIL CO., LTD. in a merger, and has changed its trading name to FUJI OIL CO., LTD. In 2015, we transitioned to a pure holding company and accelerated our business development with the aim of localizing operations and increasing speed. But the global economy and social environment have undergone drastic change since the COVID-19 pandemic, and this has led to the emergence of issues including those that extend to the supply chain. By shifting to a business holding company structure with a focus on the actual content of business, Fuji Oil will work on further strengthening its four businesses of vegetable oils and fats, industrial chocolate, emulsified and fermented ingredients, and soy-based ingredients.

In order to minimize the impact of the recent surge in the price of cocoa beans, we shall leverage the expertise of our vegetable oils and fats business in hard butters for chocolate as an alternative to cocoa butter as well as compound chocolate that uses these oils and fats as strengths in our quest for further growth. In addition, as a new pillar of our business, we shall also develop seasonings as plant-based food ingredients that offer the kind of satisfaction normally only offered by animal-based foods. We will work to create products for a sustainable food future.

2025 is the year that will see the beginning of a new Fuji Oil. Environmental changes are becoming increasingly drastic, but with a sense of speed in mind, management shall work to ensure that the Fuji Oil Group is able to come together and provide new value to the market through its business.

April 2025