Fuji Seal International, Inc. · TSE:7864
Fuji Seal International — FY2024 Earnings Presentation
36 slides from Fuji Seal International's earnings presentation, May 13, 2025
Slide 1: FY2024 Full Year Results Supplementary Explanatory Materials
FY2024 Full Year Results Supplementary Explanatory Materials Fuji Seal International, Inc. May 13, 2025 Copyright 2025 Fuji Seal Group
Slide 2: Table of Contents
Table of Contents 1. FY2024 Financial Results 2. FY2025 Financial Forecasts 3. Progress of Management Based on Cost of Capital 4. FSG.30 Progress and Strategies Growth Strategy Progress to KPI targets Progress in Growth Investment Review of FY2024 and key issues to be addressed in FY2025 Business st
Slide 3: FY2024 Financial Results (1) Summary
1. FY2024 Financial Results (1) Summary The formulation of the new management plan FSG.30 and the penetration of company-wide initiatives produced favorable results in the first year of the plan. Consolidated net sales increased 8.0% YOY due to growth in existing businesses and the foreign exchange
Slide 4: FY2024 Financial Results (2) Net Sales and Profits
1. FY2024 Financial Results (2) Net Sales and Profits Increase/Decrease FY2024 Vs. Announced in May FY2023 FY2024 Announced in (Millions of yen) Full year Full year (Amount) (%) February Progress rate Net sales 196,624 212,345 +15,721 +8.0% 213,000 99.7% Operating profits 13,309 18,844 +41.6% 18,600
Slide 5: FY2024 Financial Results (3) Net sales by Product by Region
1. FY2024 Financial Results (3) Net sales by Product by Region Year-on-year change FY2023 FY2024 Excluding fore x impact (Millions of yen) Full year Full year Change Rate of change Rate of change Japan 98,861 102,545 3,683 +3.7% - Shrink label ※ 46,872 48,324 1,452 +3.1% - PS label 8,370 8,514 143 +
Slide 6: FY2024 Financial Results (4) Net sales and Operating Profit by Region
1. FY2024 Financial Results (4) Net sales and Operating Profit by Region Net sales Operating profits FY2023 FY2024 Year-on-year FY2023 FY2024 Year-on-year (Millions of yen) Excluding forex impact Excluding forex impact Full year Full year change Full year Full year change Consolidation 196,624 212,3
Slide 7: FY2024 Financial Results (5) Performance Analysis
1. FY2024 Financial Results (5) Performance Analysis *Excluding Foreign Currency Impact Net sales Operating profits ～ Copyright 2025 Fuji Seal Group 7
Slide 8: FY2024 Financial Results (6) Non-operating Profits, Ordinary Profits and Net Profits
1. FY2024 Financial Results (6) Non-operating Profits（Expenses）, Ordinary Profits and Net Profits Increase/Decrease 【Non-operating profits and expenses】 FY2023 FY2024 (Millions of yen) Full year Full year ● The main factors contributing to the increase or (Amount) (%) decrease are the effects of eva
Slide 9: FY2024 Financial Results (7) B/S
1. FY2024 Financial Results(7) B/S (Millions of yen) Cash and deposits increased due to improved profitability. In addition, working capital increased due to foreign exchange effects and increased revenues. Total assets 209,822 (+17,138 compared to the end of the previous period) liabilities Main
Slide 10: FY2024 Financial Results (8) CF, Capital Expenditures and Depreciation
1. FY2024 Financial Results (8) CF, Capital Expenditures and Depreciation (Millions of yen) Recorded historically highest operating cash flow due to continued strong performance in FY2024. Free cash flow was maintained at the same level as the previous period. 【 Main operating CF】 ・Income before t
Slide 11: Table of Contents
Table of Contents 1. FY2024 Financial Results 2. FY2025 Financial Forecasts 3. Progress of Management Based on Cost of Capital 4. FSG.30 Progress and Strategies Growth Strategy Progress to KPI targets Progress in Growth Investment Review of FY2024 and key issues to be addressed in FY2025 Business st
Slide 12: FY2025 Financial Forecasts (1) Overview of Consolidated Results
2. FY2025 Financial Forecasts (1) Overview of Consolidated Results The impact of the U.S. tariff policy on our business performance is not expected to be material at this time. Growth measures toward FSG.30 continued, but growth was moderate, partly due to the impact of foreign exchange rates.
Slide 13: FY2025 Financial Forecasts (2) Sales and Operating Profits by Region
2. FY2025 Financial Forecasts (2) Sales and Operating Profits by Region FY2025 Increase/Decrease FY2024 Full year Excluding forex (Millions of yen) Full year (Amount) (%) (Forecast) impact Consolidated net sales 212,345 216,000 +3,654 +1.7% Japan 102,545 105,400 +2,854 +2.8% Americas 66,176 65,900 △
Slide 14: FY2025 Financial Forecasts (3) Net sales by Product by Region
2. FY2025 Financial Forecasts (3) Net sales by Product by Region Year-on-year change FY2025 FY2024 (Millions of yen) Full year Excluding forex Full year Change Rate of change (forecast) impact Japan 102,545 105,400 +2,854 +2.8% - Shrink label 48,324 49,800 +1,475 +3.1% - PS label 8,514 8,000 △ 514 △
Slide 15: Scheduled Dividends for FY2024 and Dividend Forecast for FY2025
2. (4) Scheduled Dividends for FY2024 and Dividend Forecast for FY2025 【Basic Policy on Profit Distribution】 2024 2025 Investments for continuous growth (technology development, human capital development, capital expenditures, M&A) Schedule Forecast Target consolidated dividend payout ratio of 3
Slide 16: Table of Contents
Table of Contents 1. FY2024 Financial Results 2. FY2025 Financial Forecasts 3. Progress of Management Based on Cost of Capital 4. FSG.30 Progress and Strategies Growth Strategy Progress to KPI targets Progress in Growth Investment Review of FY2024 and key issues to be addressed in FY2025 Business st
Slide 17: Progress of Management Based on Cost of Capital (1)
3. Progress of Management Based on Cost of Capital (1) PER : Due to increased earnings per share, the ratio has improved from 11X at the end of FY2024 to 12 times. PBR : Although it temporarily exceeded 1X in FY2024, it was affected by the volatility of the stock price at the end of the fiscal y
Slide 18: Progress of Management Based on Cost of Capital (2)
3. Progress of Management Based on Cost of Capital (2) FSG.30 targets a double-digit % for ROE. The most recent ROE was 8.8%, an increase of 0.7% year-on-year. Although net profit will increase in FY2025 due to the one-time effect, ROE is expected to remain at about the same level excluding this eff
Slide 19: Table of Contents
Table of Contents 1. FY2024 Financial Results 2. FY2025 Financial Forecasts 3. Progress of Management Based on Cost of Capital 4. FSG.30 Progress and Strategies Growth Strategy Progress to KPI targets Progress in Growth Investment Review of FY2024 and key issues to be addressed in FY2025 Business st
Slide 20: FSG.30 - Growth Strategies
Full Year 2023 Financial Results Supplemental Explanatory Material Reprinted 4. FSG.30 - Growth Strategies Further refining the strengths we have cultivated and our solid business foundation, we aim to achieve sustainable growth through three strategies Creation of new business models that will lead
Slide 21: FSG.30 – Progress to KPI target
4. FSG.30 – Progress to KPI target FY2024, the first year of FSG.30, is off to a good start in terms of both sales and operating profit margins. PBR is at the 1x level, and ROE is 8.8%, progressing smoothly toward achieving the targets for FY2030. Previous Med-Term Plan FSG.30 First Year FSG.30 Fina
Slide 22: FSG.30 - Progress in Growth Investments
4. FSG.30 - Progress in Growth Investments Of the 100 billion yen investment in FSG.30, we have decided to invest approximately 17 billion yen by the end of FY2024. FSG.30 Investment Plan Major investment projects in FY2024 (based on board resolutions) 55 billion yen~ 45 billion yen Amount of Region
Slide 23: FSG.30 - Review of FY2024 and Priority Issues for FY2025
4. FSG.30 - Review of FY2024 and Priority Issues for FY2025 Existing 4 businesses FY2024 Review Priority Tasks for FY2025 Shrink Sleeve Label Improving Profitability by Strengthening the Business Base Accelerate aggressive investment in growth regions and state-of-the-art production facilities T
Slide 24: FSG.30 - Business Strategy: Water-based Label Flats
Steadily strengthen the 4 existing businesses units 4. FSG.30 - Business Strategy: Water-based Label Flats Background/Issues Focus on developing new markets with Water-based Flexography × Label Flat Background 1:Needs for label flats (wrapped labels) continue (Japan) *Cost, environmental considerati
Slide 25: FSG.30 - Business Strategy: Overview of the Americas Business
Steadily strengthen the 4 existing businesses units 4.FSG.30 - Business Strategy: Overview of the Americas Business Net sales and Operating profit margin in Americas Manufacturing sites in Americas Shrink Sleeve Label: 3 plants M$ Pressure Sensitive Label / Soft Pouches / Machinery: 1 plant 500 Net
Slide 26: FSG.30 - Business Strategy: Americas Shrink Sleeve Label Business
Steadily strengthen the 4 existing businesses units 4.FSG.30 - Business Strategy: Americas Shrink Sleeve Label Business Net sales of Shrink Sleeve Label business Growth Strategy of Shrink Sleeve Label Business in the Americas Supported by strong demand, our customers are We can comprehensively respo
Slide 27: FSG.30 - Business Strategy: Americas Pressure Sensitive Label / Machinery / Spouted Pouches
Steadily strengthen the 4 existing businesses units 4. FSG.30 - Business Strategy: Americas Pressure Sensitive Label / Machinery / Spouted Pouches business Pressure Sensitive Labels business Spouted Pouch Business Net sales of Pressure Sensitive Labels business ● Review of FY2024 Spouted Pouches Mar
Slide 28: FSG.30 - Business Strategy: Pharmaceutical Packaging CMO Business
Product Market Expansion of target area 4. FSG.30 - Business Strategy: Pharmaceutical Packaging CMO Business ITOCHU Announces Alliance with ITOCHU LOGISTICS INC. Southern Ibaraki (near Narita Airport) Start of an all-in-one pharmaceutical inspection and packaging service Three-site supply chain co
Slide 29: FSG.30 - Business Strategy: Deep IS
Creating new business models that connect to the next generation ® 4. FSG.30 - Business Strategy: Deep IS Deep IS®is a system that utilizes “technology for identifying natural printing surface unevenness” to perform “individual identification” and “authenticity determination. ”It has already been ad
Slide 30: FSG.30 - Business Strategy: Environment
4.FSG.30 - Business Strategy: Environment We solve customer's challenges in planning, manufacturing, and sales challenges with environmentally friendly products. In anticipation of packaging recycling regulations in various countries, We collaborate with business partners to establish guidelines
Slide 31: FSG.30 - Evaluation by Society
4. FSG.30 - Evaluation by Society The Fuji Seal Group's ESG initiatives have been highly praised by external organizations and groups *: Index adopted by GPIF Inclusion in ESG investment indexes (as of May 2025) FTSE Blossom Japan Sector Relative Index * FTSE Blossom Japan Index * MSCI Japan Equit
Slide 32: FSG.30 – Human Resources Strategy: Vision and Principles for Human Capital
4. FSG.30 – Human Resorces Strategy : Vision and Principles for Human Capital “FSG believes that the essential resources of a company are talent, products, services, and capital. Products, services, and capital are created by talent. Therefore, employees are the key to our success and growth, and no
Slide 33: FSG.30 - Human Resources Strategy Update
4．FSG.30 - Human Resorces Strategy Update Generate "Waku-Waku" - No growth without "Waku-Waku" - Key Initiatives on Human Capital • Appropriately applied in each country depending on local circumstances Wage Revision Measures • Japan: Wage increases implemented for two consecutive years at 5.0% •
Slide 34: FSG.30 - Update on efforts to enhance corporate value
4. FSG.30 - Update on efforts to enhance corporate value Enhanced Disclosure Status of dialogue with investors Dialogue with Shareholders and • Flash Report Investors Dialogue *For FY2024, the number Investors • Supplementary Explanatory Materials for Financial Results count Continuous increase
Slide 35: Our Vision - To Be - Our Value to People and the Planet
Our Vision - To Be - Sustainable and profitable growth in the packaging industry Our Value to People and the Planet Our proactive impact to realize Generate "Waku-Waku" the Regenerative Society - No growth without "Waku-Waku" - Copyright 2025 Fuji Seal Group 35
Slide 36: Cautionary Statement
Cautionary Statement This report is intended to provide a better understanding of the Fuji Seal Group and is not intended as a recommendation for investment. This report includes earnings forecasts and business plans, which are based on certain assumptions in the economic environment and business po
Fuji Seal International — FY2024 Earnings Presentation on 6ix