Shiono Koryo Kaisha

What Shiono Koryo Kaisha does

Shiono Koryo Kaisha is a 217-year-old Japanese flavor and fragrance manufacturer headquartered in Osaka. Founded in 1808 as a pharmacy and incorporated in 1929, the company pivoted to flavor and fragrance compounding in 1908 and remains privately held under the founding Shiono family. It serves B2B customers across food, beverage, cosmetics, personal care, environmental, and pharmaceutical end markets, with a particular focus on Japanese manufacturers of processed foods, beverages, cosmetics, and oral-care products. The company operates direct sales offices in Tokyo, Taiwan, Shanghai, Thailand, and Vietnam, and runs a new Vietnam joint venture with Lotus Food Group established in March 2026.

The company's core technology platform is built on proprietary extraction methods — including multi-stage extraction, living-flower processing, heating extraction, and pairing deodorization — combined with sensory-science techniques such as masking design and the Juicy Enhancer system. The portfolio is organized into three divisions: Flavors (drinks, confectionery, baked goods), Savory (processed foods, snacks, and aquaculture feed via the Maix SK-3 palatant), and Fragrances (cosmetics, personal care, household, and space fragrance through the Kitchibe subsidiary). It also produces pharmaceutical intermediates through Shiono Finesse. The company invests in a Sensory Evaluation Office and a fragrance preference survey that has been running since 2006.

The business model is direct B2B sales of proprietary flavor and fragrance compounds, with revenue generated from compounding fees and ingredient supply to manufacturer customers. Pricing is quote-based and not publicly disclosed. The company supplements its B2B formulation work with applied research partnerships (e.g., classical swine fever oral vaccine bait with Kyoritsu Seiyaku, 2026) and signature marketing platforms (Expo 2025 Osaka pavilion via Kitchibe). Certifications relevant to multinational customers include HALAL (since 2016) and EcoVadis Silver (2025).

Name

Shiono Koryo Kaisha

Legal name

塩野香料株式会社

Website

https://shiono-koryo.co.jp

Company type

Private

Founded year

1808

Operating status

Operating

Headcount range

101–250 employees

Short description

Shiono Koryo Kaisha is a 217-year-old Japanese flavor and fragrance manufacturer serving food, beverage, cosmetics, personal care, and pharmaceutical manufacturers with proprietary extraction technologies and direct B2B sales across Asia.

Ownership category

akta.pro rank

Product category

Flavor and Fragrance Ingredients

NAICS

Flavoring Syrup and Concentrate Manufacturing (31193)

SIC

Perfumes, Cosmetics & Other Toilet Preparations (2844)

akta.pro primary industry

Soft Drink & Carbonated Beverage Syrups (AFAFAGAA)

Keywords

• Flavor and fragrance ingredients
• Food and beverage flavors
• Personal care fragrances
• Aquaculture feed attractants
• Pharmaceutical intermediates

Headquarters

HQ city

Osaka

HQ country

Japan

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Flavor and Fragrance Sales: Development, manufacturing, and sale of food flavors (フレーバー) for beverages, confectionery, dairy, and seasonings; savory flavors (セイボリー) for instant noodles and condiments; and fragrance products (フレグランス) for cosmetics, personal care, and household products. Revenue generated through direct sales to manufacturers and brand owners.
2. Fine Chemicals / Pharmaceutical Intermediates: Manufacturing and sale of pharmaceutical intermediates and active pharmaceutical ingredients through subsidiary Shiono Finesse. Products include diabetes treatments and anti-allergy medications. Strict quality management and regulatory compliance required.
3. Space Design and Creative Fragrance Services: Scent design and spatial fragrance services for commercial facilities, hotels, and events through group company Kitchibe. Creates branded fragrance experiences for retail environments, hospitality spaces, and exhibitions.
4. Environmental Solutions / Attractant Products: Specialty products for environmental applications including aquaculture feed attractants, animal behavior modification scents (boar repellents/attractants), and deodorization solutions for industrial and municipal facilities.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Shiono Koryo Kaisha develops, manufactures, and sells flavor compounds (フレーバー) for beverages, confectionery, and dairy products, savory flavors (セイボリー) for instant noodles and condiments, and fragrance compounds (フレグランス) for cosmetics, personal care, and household products. The company also produces environmental solutions including aquaculture feed attractants and industrial deodorization products, and pharmaceutical intermediates and active pharmaceutical ingredients through subsidiary Shiono Finesse. Space fragrance design services for hotels, retail, and events are delivered through group company Kitchibe.

Product overview

Shiono Koryo Kaisha operates as a fragrance and flavor manufacturer with four main product categories: フレーバー (Flavor) for food/beverage applications, セイボリー (Savory) for seasoning and processed foods, and フレグランス (Fragrance) for personal care and household products. The company also provides environmental solutions through products like メイックスSK-3 for aquaculture feed improvement and resQ デオマスター for deodorization. Key proprietary technologies include ジューシーエンハンサー® for juice enhancement and 多段階抽出法 for multi-stage extraction. Space fragrance design services are delivered through subsidiary Kitchibe. The portfolio spans from core flavor and fragrance compounds to specialized ingredients for aquaculture, environmental applications, and immersive spatial experiences.

Differentiator

Problem solved

Functional benefit

Products and services

• Flavor (フレーバー)
• Savory (セイボリー)
• Fragrance (フレグランス)
• Maix SK-3 (メイツクスSK-3)
• resQ Deo Master
• Space fragrance design services (空間芳香演出サービス)
• Pharmaceutical intermediates and APIs
• Attractant fragrances for wild boar CSF oral vaccines (誘引香料)

Quantifiable outcome

• Aquaculture feed attractant Maix SK-3 confirmed effective for red sea bream (真鯛) and yellowtail (カンパチ), improving feed intake even with reduced fish meal formulations
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

13 partnerships are on record, tiered minor and core.

• Ashikaga Flower Park (あしかがフラワーパーク)minorStrategic or Co-development Partner · 12 March 2026Provided wisteria and other flower samples from Ashikaga Flower Park for research on flower aroma composition. Research on King Sagari (キングサリ) and American Wisteria (アメジストフォール) flower volatiles presented at Japan Society for Bioscience, Biotechnology, and Agricultural Chemistry 2026 Annual Meeting.
• Lotus Food Group JSC (LOTUS FOOD GROUP JSC)coreStrategic or Co-development Partner · 1 March 2026Joint venture partner for Shiono Lotus Vietnam Co., Ltd., established March 2026 in Dong Nai Province, Vietnam. Lotus Food Group has ~30 years of experience in food manufacturing, processing, distribution, and F&B sector in Vietnam. Combines Shiono Koryo's flavor technology and quality management with Lotus's local market network and execution capabilities for Vietnam market development.
• Kyoritsu Seiyaku Co., Ltd. (共立製薬株式会社)coreStrategic or Co-development Partner · 20 January 2026Joint development of classical swine fever (CSF) oral vaccine for wild boars. Kyoritsu Seiyaku manufactures vaccine liquid and fills into biodegradable sachets. Shiono Koryo develops attractant fragrance to ensure boar consumption of vaccine baits. Part of Ministry of Agriculture, Forestry and Fisheries initiative for CSF eradication in Japan. 24 prefectures affected with ~436,000 pigs culled as of October 2025.
• Tsuda Co., Ltd. (株式会社津田)coreStrategic or Co-development Partner · 20 January 2026Joint development partner for classical swine fever oral vaccine baits for wild boars. Tsuda handles bait material formulation with attractant fragrance mixed in,成型 and product manufacturing. Contributes eco-feed manufacturing expertise and wild boar attractant bait production capabilities.
• Kitchibe Co., Ltd. (株式会社キチベエ)coreOEM/ Whitelabel/ Licensing Partner · 3 October 2025Internal group company specializing in spatial fragrance design. Shiono Koryo develops fragrance compounds; Kitchibe creates spatial fragrance experiences for hotels, retail, and events. Collaborated on Osaka-Kansai Expo 2025 signature pavilion, Ashikaga Flower Park illumination, and Yamaha E-Ride Base. Fully consolidated group subsidiary.
• Ashikaga Flower Park (あしかがフラワーパーク)minorGTM or Marketing Partner · 3 October 2025Collaboration on 'Light Flower Garden ~ Flower Fantasy 2025-26' illumination event. Shiono Koryo reproduced the authentic wisteria (大藤) fragrance through actual flower scent capture and reconstruction. Kitchibe provided spatial fragrance deployment. Event ran October 2025 to February 2026.
• Kagoshima University (鹿児島大学)coreStrategic or Co-development Partner · 20 August 2025Joint research partnership for aquaculture feed development. Kagoshima University conducted feeding trials for Shiono Koryo's Maix SK-3 attractant, testing on red sea bream (真鯛) and yellowtail (カンパチ). University confirmed significant feed intake improvement, validating the technology's effectiveness. Partnership enabled Shiono Koryo to enter the aquaculture feed additives market.
• CHEF de BEAUTE (桃谷順天館グループ)minorGTM or Marketing Partner · 3 July 2025Shiono Koryo perfumer contributed fragrance design to CHEF de BEAUTE's new skincare brand. Brand launched under concept of 'five-sense skincare.' Shiono Koryo senior perfumer featured in brand's official media journal discussing fragrance philosophy and the power of scent.
• Osaka-Kansai Expo 2025 Signature Pavilion 'Future of Life' (いのちの未来)coreStrategic or Co-development Partner · 1 April 2025Sponsorship as fragrance supplier for Expo 2025 Signature Pavilion. Created scents for 'Ancient Forest' and 'Android of 1000 Years Future' themes. Developed venue-exclusive fragrance 'millenniums' (10,000 units sold out during event). Collaborated with Pavilion producer Prof. Hiroshi Ishiguro. Supplied fragrances as 'souvenir memories.' Generated follow-on commercial spatial fragrance project inquiries.
• Menicon Co., Ltd. (株式会社メニコン)minorGTM or Marketing Partner · 26 July 2024Joint exhibition at Sewage Exhibition '24 Tokyo (下水道展'24東京). Combined Shiono Koryo's masking technology with Menicon's expertise to showcase 'resQ Deo Master' deodorizing fragrance product for sewage facility odor management.
• Kawasaki Medical School (川崎医科大学)minorStrategic or Co-development Partner · 20 December 2022Collaborative research on SARS-CoV-2 prevention using fragrance compounds. Joint research with Biochemistry, Laboratory Medicine, and Hygiene departments. Identified 8 fragrance compounds that inhibit RBD-ACE2 binding. Joint patent obtained (No. 7133820). Paper published in PLOS ONE.
• Arita City, Wakayama Prefecture (和歌山県有田市)minorGTM or Marketing Partner · 19 August 2022Green mandarin hand soap project. Partnership with local mandarin farmers, Arita City, and ANA Akindo to create value from thinned green mandarins (摘果青みかん) that would otherwise be discarded. Shiono Koryo contributed fragrance formulation and extraction technology to reproduce fresh citrus scent.
• ANA Akindo Co., Ltd. (ANAあきんど株式会社)minorGTM or Marketing Partner · 19 August 2022Cloud funding platform partner for green mandarin hand soap project. Platform managed by ANA Akindo connecting producers with consumers. Part of SDG-focused产官民 partnership.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Firmenich: Swiss-headquartered global F&F leader (now privately held following DSM merger in 2023) with deep fragrance expertise and global CPG relationships. Overlaps with Shiono's fragrance and flavor business across cosmetics, personal care, and F&B categories at much larger scale.
• Symrise: German-headquartered global F&F company with strong presence in taste, nutrition, and scent segments. Competes with Shiono in beverage flavors, savory flavors, and cosmetics/personal care fragrances with substantially larger global R&D and manufacturing footprint.
• Mane: Privately-held French flavor and fragrance company with strong Asian presence and family-owned governance comparable to Shiono. Operates at significantly larger scale across flavors, fragrances, and ingredients with global manufacturing footprint.
• Givaudan: World's largest flavor and fragrance company headquartered in Switzerland with ~16,000+ employees globally. Competes with Shiono across all core F&F categories but at vastly larger scale, with extensive R&D capabilities and relationships with global CPG multinationals.
• Sensient Technologies: US-headquartered specialty ingredients company with significant flavors and colors businesses serving food, beverage, and personal care. Adjacent peer through flavors overlap and food safety/quality positioning comparable to Shiono's FSSC22000 and HALAL certified offering.
• International Flavors & Fragrances (IFF): Major global F&F company headquartered in the US with ~24,000+ employees following the DuPont Nutrition & Biosciences merger. Overlaps with Shiono's full F&F portfolio including food flavors, fragrances, and increasingly biotech-derived ingredients. Much larger scale and global reach.

Direct peers

• Robertet: French-headquartered family-controlled F&F company with strong position in natural ingredients and botanical extracts. Direct peer in the heritage, family-controlled, and natural-ingredient segments where Shiono also competes, particularly in premium fragrance and natural flavor applications.
• Takasago International Corporation: One of the world's largest flavor and fragrance manufacturers, headquartered in Japan with global operations. Direct competitor to Shiono in Japanese flavors, fragrances, and aroma chemicals with much larger scale (~3,500+ employees). Comparable Japanese heritage and customer base in domestic F&B and cosmetics.
• Ogawa & Co., Ltd. Japanese flavor and fragrance manufacturer founded in 1893 with similar mid-tier scale and Japanese customer focus. Direct competitor to Shiono across food flavors, fragrances, and aroma chemicals, particularly in Japanese F&B and personal care. Operates with similar privately-held, family-influenced governance.
• T. Hasegawa Co., Ltd. Major Japanese flavor manufacturer founded in 1903, specializing in food and beverage flavors with international operations. Direct competitor to Shiono in beverage, confectionery, dairy, and savory flavor segments, particularly serving Japanese and Asian CPG customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shiono Koryo Kaisha