Nissin Shoji

What Nissin Shoji does

Nissin Shoji Co., Ltd. (日新商事株式会社) is a diversified Japanese energy and trading company founded in 1950 (with roots to a 1947 predecessor) and listed on the Tokyo Stock Exchange Standard Market under ticker 7490. The company operates across eight interconnected business segments: sustainable energy (biomass fuel PKS and EFB pellets exported from Malaysian subsidiaries, plus 11.5MW of owned solar generation capacity at two Suwa stations); industrial energy and lubricants (petroleum products, fuel oil for factories, ships, and power plants, with LUBE MEISTER certified specialist services); ENEOS-branded service stations (over 50 directly operated stations providing mobility, car wash, inspection, repair, and vehicle services); specialty chemicals (synthetic resin raw materials, nonwoven fabric brands WARIFU and MIRAIFU, ORALITE reflective materials licensed from ORAFOL); agricultural materials (MEIRYO/BerryCool covering materials, greenhouse facilities, CONDUCTOR photosynthetic efficiency devices); LPG (residential and industrial propane supply with subscription pricing of ¥1,980-2,090 monthly base rate plus usage-based meter rate); real estate (BAYFRONT YOKOHAMA office building, EDIAN and MAISON EDIAN apartment brands); and a global network spanning Malaysia and Vietnam.

The revenue model is primarily transaction-based commodity and product trading across petroleum, biomass, chemicals, LPG, and specialty materials, supplemented by recurring subscription revenue from residential LPG supply and real estate leasing. Go-to-market relies on direct B2B sales to industrial customers, direct operation and channel partnerships for service stations, and wholly-owned subsidiaries for international operations. Named enterprise customers include Tokyo Electric Power Company Holdings, Daihatsu Motor, Kubota, Kyb Corporation, Sumitomo Bakelite, Yushiro, and Joban Joint Power, supplemented by retail service station consumers and LPG subscribers. The company employs 379 people on a consolidated basis (344 non-consolidated) as of March 31, 2025.

FY2025 (81st period, ended March 2025) consolidated net sales were ¥39,034 million with operating profit of ¥384 million, ordinary profit of ¥556 million, and net income attributable to parent shareholders of ¥615 million. Total assets stood at ¥40,373 million with net assets of ¥23,595 million. In a significant structural change, on June 23, 2026, EDIAND Co., Ltd. completed a tender offer for Nissin Shoji shares, replacing ENEOS Holdings (previously 17.1% largest shareholder) and Nissin Corporation (14.8%) as the controlling shareholder, with the company expected to be taken private.

Name

Nissin Shoji

Legal name

Nissin Shoji Co., Ltd.

Website

https://nissin-shoji.co.jp

Company type

Public

Founded year

1950

Operating status

Operating

Headcount range

251–500 employees

Short description

Nissin Shoji is a diversified Japanese energy and trading company operating ENEOS-branded service stations, exporting biomass fuel from Malaysia, supplying LPG and industrial lubricants, and leasing real estate. It serves B2B industrial customers and retail consumers in Japan, with wholly-owned subsidiaries in Malaysia and Vietnam.

Ownership category

akta.pro rank

Headquarters

HQ city

Shibaura

HQ country

Japan

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Sustainable Energy: Sales and export of biomass fuel; sales of renewable energy products; power sales business from solar power stations.
2. Industrial Energy & Lubricants: Sales of industrial petroleum products including lubricants, fuel oil for factories, ships, and power plants.
3. Service Stations: Management of directly operated ENEOS brand service stations providing mobility services, car wash, automobile inspection, repair, and sales/leasing of vehicles.
4. Specialty Chemicals: Sales of petrochemical products, synthetic resin raw materials, packaging materials, nonwoven fabrics, and reflective materials.
5. Agricultural Materials: Sales of agricultural covering materials, greenhouses, photosynthetic efficiency devices, and agricultural system coordination.
6. Liquefied Petroleum Gas (LPG): Sales of LPG for residential and industrial use, and gas equipment including water heaters and stoves.
7. Real Estate: Real estate leasing for office buildings, stores, and apartments including EDIAN series rental brand.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels4 records

Core offering

Nissin Shoji is a diversified energy trading and distribution company that sells petroleum products, industrial lubricants, LPG, biomass fuels, specialty chemicals, and agricultural materials. It also operates directly owned and partner ENEOS-brand service stations across Japan, runs residential LPG supply, and leases commercial and residential real estate through its EDIAN apartment brand and BAYFRONT YOKOHAMA office tower. International operations span Malaysia and Vietnam through wholly-owned subsidiaries handling biomass fuels and petroleum products.

Product overview

Nissin Shoji operates as a diversified energy and trading company with multiple business segments. The company offers a portfolio of interconnected businesses including: Sustainable Energy (biomass fuels PKS/EFB, solar power stations), Industrial Energy & Lubricants (petroleum products, LUBE MEISTER services), Service Stations (ENEOS brand mobility platform), Specialty Chemicals (synthetic resins, WARIFU/MIRAIFU nonwoven fabrics, ORALITE reflective materials), Agricultural Materials (BerryCool covering materials, greenhouse facilities, CO2 controllers), LPG (residential/industrial gas supply, equipment), Real Estate (EDIAN apartment brand, BAYFRONT YOKOHAMA office), and Global Network (operations in Malaysia and Vietnam). The company leverages its energy trading heritage to provide integrated solutions across energy, materials, mobility, and real estate sectors.

Differentiator

Problem solved

Functional benefit

Brands

• EDIAN: Rental apartment brand offering designer apartments in various locations including EDIAN MEGUROHONCHO, EDIAN MUSASHIKOYAMA, and EDIAN CHIKUSA.
• ENEOS
• TAKETSURU SEKIYU
• WARIFU
• MEIRYO (BerryCool)
• ROUND COOL
• NUKUNUKU
• TERUTERU
• CONDUCTOR
• OCES-200S
• LUBE MEISTER
• MAISON EDIAN
• MIRAIFU

Products and services

• Biomass Fuel Supply (PKS and EFB Pellets) Sustainable biomass fuel products (Palm Kernel Shell and Empty Fruit Bunch pellets) sourced from Malaysia, screened to remove impurities, stored at a large roofed stockyard, and supplied to biomass power stations. PKS holds Green Gold Label certification.
• Solar Power Generation Wholly-owned solar power stations in Suwa, Nagano with combined 11.5MW output (1.5MW NISSIN SUWA SOLAR POWER STATION since 2013; 10.0MW NSM SUWA SOLAR ENERGY STATION since 2018). Sells power generated to the grid.
• Industrial Energy and Lubricants Supply Sales of industrial petroleum products including lubricants, fuel oil, and kerosene for factories, ships, and power plants. Includes LUBE MEISTER certified specialist advisory service for optimal lubricant selection.
• ENEOS Service Station Network Operation of over 50 directly owned ENEOS-brand service stations across Tokyo, Kanagawa, Saitama, Aichi, Osaka, Nara, and Hyogo providing automotive fuels, car wash, automobile inspection, repair, vehicle sales/leasing/rental, and insurance services. Includes partner SS operator support.
• LPG Supply and Gas Equipment Propane gas supply to residential homes, rental apartments, stores, and industrial customers, including water heaters, built-in stoves, and emergency propane gas generators for disaster preparedness. Monthly subscription billing with basic rate plus metered usage.
• Specialty Chemicals Distribution Sales of petrochemical products, synthetic resin raw materials, packaging materials, nonwoven fabric products (WARIFU, MIRAIFU), and ORALITE retroreflective materials licensed from ORAFOL Europe GmbH for traffic safety and sign graphics.
• Agricultural Materials and Greenhouse Solutions Sales of agricultural covering materials (MEIRYO/BerryCool, ROUND COOL, NUKUNUKU, TERUTERU, WARIFU), greenhouse facilities, and photosynthetic efficiency devices (CONDUCTOR, OCES-200S CO2 controller) to farmers and agricultural businesses.
• Real Estate Leasing Leasing of office buildings (BAYFRONT YOKOHAMA) and rental apartments (EDIAN and MAISON EDIAN brands), real estate investment through property construction and acquisition, and tenant management for commercial and residential properties.

Quantifiable outcome

• 1,520kL total oil terminal capacity at TAKETSURU SEKIYU subsidiary
• +2 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

14 partnerships are on record, tiered core and minor.

• ENEOS CorporationcoreStrategic or Co-development PartnerPrimary brand partnership for service station operations. Nissin Shoji operates ENEOS brand service stations and is a special distributor of ENEOS Corporation, handling petroleum products, automotive products, car wash, maintenance, and automobile inspection services.
• NISTRADE (M) SDN. BHD.coreOthersWholly-owned subsidiary in Malaysia for sales of petroleum products and other products in Malaysia and neighboring countries, including Singapore.
• NISSIN BIO ENERGY SDN. BHD.coreOthersWholly-owned subsidiary in Malaysia for sales and export of biomass fuels, operating from Bintulu, Sarawak.
• NISSIN BIO PRODUCTS SDN. BHD.coreOthersWholly-owned subsidiary in Malaysia for manufacturing, sales and export of biomass fuels, located in Bintulu, Sarawak.
• JJ FUEL SUPPLY SDN. BHD.minorOthersSubsidiary in Malaysia for fuel supply operations.
• NISSIN SHOJI VIETNAM CO., LTD.coreOthersWholly-owned subsidiary in Vietnam for sales, import and export of lubricants and other petroleum products, operating from Lotte Center Hanoi.
• TAKETSURU SEKIYU Co., Ltd.coreOthersDomestic subsidiary in Kobe providing sales of petroleum products for onshore and offshore markets with oil terminals, marine vessel, and tank trucks.
• NSM SUWA SOLAR ENERGY LLCcoreOthersSubsidiary operating NSM SUWA SOLAR ENERGY STATION (10.0MW) solar power plant in Suwa, Nagano.
• ORAFOL Europe GmbHminorOEM/ Whitelabel/ Licensing PartnerLicensing partnership for ORALITE brand retroreflective materials used in reflective safety products for traffic safety and sign graphics.
• ENEOS Corporation (major supplier)coreChannel Partner/ Reseller/ DistributorMajor supplier of petroleum products for the company's service stations and industrial energy business.
• BRIDGESTONE CORPORATION (major supplier)minorOthersMajor supplier for automotive products including tires sold at service stations.
• MITSUBISHI CHEMICAL CORPORATION (major supplier)minorOthersMajor supplier for petrochemical and chemical products in specialty chemicals business.
• THE YOKOHAMA RUBBER Co., Ltd. (major supplier)minorOthersMajor supplier for rubber products including automotive tires sold at service stations.
• MARUBENI PLAX CORPORATION (major supplier)minorOthersMajor supplier for plastic and chemical products.

Scale indicators12 records

Recent moves11 records

Expansion highlights4 records

Broad incumbents

• ENEOS Holdings: Largest Japanese petroleum company and former largest shareholder of Nissin Shoji. Operates refining, wholesale, and ENEOS-branded service stations across Japan — directly comparable in petroleum distribution, LPG, and service station business lines.
• ITOCHU Corporation: One of Japan's largest trading companies with significant energy, petroleum, and chemical trading operations. Comparable in multi-energy distribution, specialty chemicals, and global trading business.
• Cosmo Energy Holdings: Japanese petroleum company with refinery operations and service station network (COSMO brand). Comparable in B2B petroleum distribution and lubricant supply to industrial customers in Japan.
• Idemitsu Kosan: Major Japanese integrated petroleum company with refining, wholesale, and service station operations. Highly comparable to Nissin Shoji in industrial petroleum, lubricants, and downstream energy distribution in Japan.
• Marubeni Corporation: Japanese general trading company with energy and chemicals trading businesses. Comparable as a diversified trading entity involved in petroleum distribution and industrial materials supply.
• Mitsubishi Corporation: Major Japanese sogo shosha (general trading company) with extensive energy trading and distribution operations including petroleum and renewables. Comparable as a broad energy trader with multi-energy portfolio.
• Mitsui & Co. Japanese sogo shosha with major energy and commodity trading operations including petroleum products and renewables. Comparable in multi-segment trading and energy distribution model.

Direct peers

• San-Ai Oil: Japanese petroleum product wholesaler and service station operator focused on regional industrial fuel and mobility markets. Closest direct comparable to Nissin Shoji's mid-scale petroleum wholesale and SS business model.
• Taiyo Oil: Japanese petroleum refiner and wholesaler supplying fuel oil, lubricants, and industrial petroleum products. Comparable in industrial petroleum and lubricant distribution business segments.
• Kygnus Sekiyu: Japan-focused petroleum product wholesaler and service station operator with a regional distribution model. Comparable as a mid-sized Japanese petroleum distribution and SS network competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nissin-shoji-co-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries7 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 Nissin Shoji