J-Oil Mills Completes Sale of Premium Fats Shares to Premium Vegetable Oils

TOKYO, May 11 (Pulse News Wire) – J-Oil Mills, Inc. (2613.T) completed the sale of its wholly-owned subsidiary, Premium Fats Sdn Bhd (PF), to another overseas affiliate, Premium Vegetable Oils Sdn Bhd (PVO).

The decision was made during a board meeting held , and the share transfer agreement was signed on the same day. PF had shown progress since J-Oil Mills' investment in 2026, but further strategic evaluation was deemed necessary for long-term growth. The sale aims to enhance overall corporate value through synergies with PVO's product portfolio and customer base, focusing on expanding the fats processing business in international markets.

Key figures for PF as of March 31, 2026, include total assets of ¥1.152 billion, capital of ¥153.1 million, revenue of ¥450 million, operating profit of ¥30 million, ordinary profit of ¥24 million, and net profit of ¥17.64 billion. Following the transaction, J-Oil Mills will hold no shares in PF. The transfer price remains undetermined pending final adjustments according to the contract terms.

The impact on J-Oil Mills’ fiscal year 2027 performance is expected to be minor; however, significant changes will be disclosed promptly if they occur.