Fuji Seal International, Inc. · TSE:7864
Fuji Seal International — FY2025 Earnings Presentation
54 slides from Fuji Seal International's earnings presentation, May 13, 2026
Slide 1: FY2025 Full Year Supplementary Explanatory Materials
FY2025 Full Year Supplementary Explanatory Materials May 13, 2026 | TSE Prime [7864] Fuji Seal International, Inc. © 2026 Fuji Seal International, Inc. or its affiliates
Slide 2: Contents
Contents 01 FY2025 Financial Results P.3 02 FY2026 Financial Forecast P.12 03 FSG.30 Business Strategy P.17 04 FSG.30 Financial Strategy P.28 05 FSG.30 Non-Financial Strategy P.34 06 FY2026 Dividend Forecast P.40 Appendix P.43 © 2026 Fuji Seal International, Inc. or its affiliates 2
Slide 3: FY2025 Financial Results
FY2025 Financial Results © 2026 Fuji Seal International, Inc. or its affiliates 3
Slide 4: Highlights of FY2025 Results
1. FY2025 Financial Results (1) Highlights of FY2025 Results O p e r ating P ro f it N e t S a les O p e r ating P ro f it M a rg in N e t P ro f it 217.7 billion yen 20.4 billion yen 9.4% 20.6 billion yen +2.5% YoY +8.6% YoY +0.5% YoY +69.3% YoY ⚫ Achieved record highs in net sales, operating profi
Slide 5: Consolidated Net Sales and Profit
1. FY2025 Financial Results (2) Consolidated Net Sales and Profit FY2024 FY2025 FY2025 vs. Forecast Change Full Year Full Year Full Year Forecast (Progress Rate) (100 million yen) Net sales 2,123 2,177 +2.5% 2,160 100.8% Operating Profit 188 204 +8.6% 194 105.5% Operating Profit Margin 8.9% 9.4% (+0
Slide 6: Net Sales by Region
1. FY2025 Financial Results (3) Net Sales by Region 2,000 2,050 2,100 2,150 2,200 FY2024 FY2025 Year-on-year Excluding Forex Impact FY2024 Full Year Full Year Change Change Rate of change FY2024 Q3 Full Year 2,123 (100 million yen) Japan 1,025 1,006 △19 △19 △1.9% Japan Japan △ 19 Americas Americas 6
Slide 7: Net Sales by Segment by Region
1. FY2025 Financial Results (4) Net Sales by Segment by Region Year-on-year change FY2024 FY2025 Full Year Full Year Excluding Forex Impact Change Rate of Change (100 million yen) Rate of Chang Japan 1,025 1,006 △19 △1.9% — Shrink label 483 483 +0 +0.0% — PS label 85 75 △10 △11.9% — Spouted pouch 22
Slide 8: Net Operating Profit by Region
1. FY2025 Financial Results (5) Net Operating Profit by Region 160 165 170 175 180 185 190 195 200 205 FY2024 FY2025 Year-on-year Excluding Forex Impact Full Year Full Year Change FY2024 FY2024 Q3 188 (100 million yen) Change Rate of Change Full Year Japan 98 96 △2 △2 △2.6% Japan △2 Japan (9.6%) (9.
Slide 9: Non-Operating Income (Expenses), Ordinary Income and Net Income
1. FY2025 Financial Results (6) Non-Operating Income(Expenses), Ordinary Income and Net Income FY2024 FY2025 Year-on-year change Full Year Full Year Non-operating Income (100 million yen) Change Rate of Change ⚫ Main increase factor: Recorded foreign exchange gains of 1.3 Net sales 2,123 2,177 +54 +
Slide 10: B/S
1. FY2025 Financial Results (7) B/S FY2025 Year-End B/S Total Assets 2,260 (100 million yen) (+162compared to the end of the previous period) End of FY2024 End of FY2025 Rate of Change (100 million yen) Liabilities 648 +3.0% (+2 compared to the end of Equity Ratio 69.2% 71.3% the previous period) +2
Slide 11: CF, Capital Expenditures and Depreciation
1. FY2025 Financial Results (8) CF, Capital Expenditures and Depreciation FY2025 (100 million yen) Operating CF（100 million yen） Investment CF（100 million yen） Main Operating CF FCF（100 million yen） 250 ⚫ Income Before Taxes 243 213 215 ⚫ Depreciation and Amortization 84 199 ⚫ Income Taxes – paid △4
Slide 12: FY2026 Financial Forecast
FY2026 Financial Forecast © 2026 Fuji Seal International, Inc. or its affiliates 12
Slide 13: Highlights of FY2026 Forecast
2. FY2026 Financial Forecast (1) Highlights of FY2026 Forecast O p e r ating P ro f it N et S a les O p e r ating P ro f it M a rg in 228.6 billion yen 22.2 billion yen 9.7% +5.0% YoY +8.5% YoY +0.3Pt YoY ⚫ Record high sales and operating profit expected. ⚫ Operating profit margin of 9.7%, with furt
Slide 14: Consolidated Net Sales and Profits
2. FY2026 Financial Forecast (2) Consolidated Net Sales and Profits FY2026 Year-on-year change FY2025 Full Year Full Year (100 million yen) (Forecast) Change Rate of Change Net Sales 2,177 2,286 +108 +5.0% Operating Profit 204 222 Operating Profit +17 +8.5% 9.4% 9.7% Margin Ordinary Profit 220 224 O
Slide 15: Net Sales and Operating Profit by Region
2. FY2026 Financial Forecast (3) Net Sales and Operating Profit by Region FY2026 Year-on-year Change FY2025 Full Year Full Year Change Rate of Change Excluding Forex Impact (100 million yen) (Forecast) Consolidated Net Sales 2,177 2.286 +108 +5.0% — Japan 1,006 1,028 +21 +2.2% — Americas 682 743 +60
Slide 16: Net Sales by Product by Region
2. FY2026 Financial Forecast (4) Net Sales by Product by Region FY2026 Year –on-year change FY2025 Full Year Excluding forex Full Year Change Rate of change (100 million yen) (Forecast) impact Japan 1,006 1,028 +21 +2.2% - Shrink label 483 500 +16 +3.4% - PS label 75 75 △0 △0.1% - Soft pouch 218 225
Slide 17: FSG.30 Business Strategy
FSG.30 Business Strategy © 2026 Fuji Seal International, Inc. or its affiliates 17
Slide 18: Sustainable Business Growth
3. FSG.30 Business Strategy Growth Strategy 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 Business foundation That Will Lead to the Next Generation Financial Affairs
Slide 19: Growth Potential
3. FSG.30 Business Strategy Business Growth Vision for FY2030 FY2030 FY2025 Bubble Size: Sales Scale New Creation Growth Enablers Growth Drivers Japan/Americas/ ASEAN Americas/ASEAN CMO Europe Japan/Europe Growth Potential New businesses India Spouted Japan Pouches Japan/Americas Americas/ASEAN Shri
Slide 20: Roadmap to FY2030
3. FSG.30 Business Strategy Roadmap to FY2030 Net Sales FY2030 Targets Net sales (billion yen) Net Sales OP Margin 350 billion yen 228.5 212.3 217.7 Operating Profit Margin 9.7% OP Margin Double-digit % 9.4% 8.9% FY2024 Actual FY2025 Actual FY2026 Forecast 2027 2028 2029 2030 Fiscal Year Phase 1 Pas
Slide 21: Growth Investment Strategy
3. FSG.30 Business Strategy Growth Investment Strategy In FY2024, we actively promoted strategic investments to accelerate sales growth. In FY2025 and FY2026, we will increase the proportion of investments that directly enhance profitability, aiming to establish a solid earnings base. FY2024 vs FY20
Slide 22: FY2025 Review and FY2026 Initiatives: Japan
3. FSG.30 Business Strategy FY2025 Review and FY2026 Initiatives : Japan Consolidated results (100 million yen） FY2025 Review Sales Operating Operating profit Profit Margin 9.9% Overall Segment 1,025 9.6% 1,006 1,028 YoY One-time factors from strategic withdrawal and 9.5% Sales decreased soft pouch
Slide 23: Japan Region Business Strategy
3. FSG.30 Business Strategy Japan Region Business Strategy Core Businesses Growth Businesses Profitability-Focused Strategy Sales Growth-Focused Strategy Strengthening strategic differentiation between core and growth businesses Shrink Labels Machinery Spouted Pouch New Businesses ⚫ Production proce
Slide 24: FY2025 Review and FY2026 Initiatives: Americas
3. FSG.30 Business Strategy FY2025 Review and FY2026 Initiatives : Americas Consolidated results（Millions of USD） FY2025 Review Sales Operating Operating profit Profit Margin 9.7% 10.5% Overall Segment 9.8% YoY 495 Sales Strong demand for shrink labels. Applications of shrink labels also continuing
Slide 25: Sustainable Growth of Americas Shrink Label Business
3. FSG.30 Business Strategy Sustainable Growth of Americas Shrink Label Business North America Shrink Labeler Installation Our Strengths PET Bottle Market Growth Track Record USD Americas Shrink Labels CAGR 12.08 Major Customer Factory Map Billion 4.31% (Excerpt of major plants only) USD 8.62 Kentuc
Slide 26: FY2025 Review and FY2026 Initiatives: Europe
3. FSG.30 Business Strategy FY2025 Review and FY2026 Initiatives : Europe Consolidated results（Millions of EUR） FY2025 Review Sales Operating Operating profit Profit Margin 6.6% Overall Segment 6.8% YoY 242 229 Sales Growth in all businesses. Customer portfolio expanded to European local customers.
Slide 27: FY2025 Review and FY2026 Initiatives: ASEAN
3. FSG.30 Business Strategy FY2025 Review and FY2026 Initiatives: ASEAN Consolidated results（Millions of USD） Sales Operating Operating FY2025 Review profit Profit margin 7.6% Overall Segment YoY 8.9% 140 130 Sales Strong shrink label orders in second half covered spouted pouch decline, 129 resultin
Slide 28: FSG.30 Financial Strategy
FSG.30 Financial Strategy © 2026 Fuji Seal International, Inc. or its affiliates 28
Slide 29: Financial Strategy: PBR and ROE Targets
4. FSG.30 Financial Strategy Financial Strategy Management with a focus on cost of capital Cost of ROE Capital Financial KPIs FY2030 Targets PBR ROE More than 1.5x Double-digit % FY2025 result: 0.9x FY2025 result: 9.3%* *FY2025: ROE of 9.3% excludes one-time impact from liquidation of Swiss subsidia
Slide 30: Management with a Focus on Cost of Capital (Overview)
4. FSG.30 Financial Strategy Financial Strategy: Management with a focus on cost of capital (Overview) ⚫ Promote the following three initiatives to improve ROE and aim for profitability exceeding the cost of shareholders' equity ROE and Cost of Equity Achieve double-digits % ROE Double-digit % ROE E
Slide 31: ROE Improvement Initiative: Sustainable Profit Growth
4. FSG.30 Financial Strategy Financial Strategy: ROE Improvement Initiative ➀ Sustainable Profit Growth Progress 43.5 billion yen FSG.30 Cash Allocation Total 100 billion yen or more Growth investment, etc. (FY2024-FY2030) Next Creation of new business models leading to the next generation generatio
Slide 32: ROE Improvement Initiative: Improving Capital Efficiency
4. FSG.30 Financial Strategy Financial Strategy: ROE Improvement Initiative ⓶Improving Capital Efficiency Framework for Reviewing Business Portfolio Business Group Annual business review cycle ⚫ Select the businesses to be reviewed in accordance with internal standards Penalty Box YES ⚫ Monitoring i
Slide 33: Pursuing Optimal Capital Structure
4. FSG.30 Financial Strategy Financial Strategy ROE Improvement Measure ⓷Pursuing Optimal Capital Structure Pursuing optimal capital structure with consideration of leveraging debt Due to accumulated profit, While maintaining financial discipline, equity ratio has risen over the past 5 years conside
Slide 34: FSG.30 Non-Financial Strategy
FSG.30 Non-Financial Strategy © 2026 Fuji Seal International, Inc. or its affiliates 34
Slide 35: Environmental Strategy
5. FSG.30 Non-Financial Strategy Environmental Strategy Turn risks into opportunities to further grow sales and profits Upstream Value Chain Direct Operations Downstream Value Chain Seizing new market opportunities while Enhancing market competitiveness Co-creating value with customers anticipating
Slide 36: Vision and Principles for Human Capital
5. FSG.30 Non-Financial Strategy Vision and Principles for Human Capital Human Capital Vision Generate "Waku-Waku" - No growth without "Waku-Waku" - Empowering Challenges, Creating Value. Principle Group HR 8 Platforms KPI 01 Talent Management 80% Enrichment of To be ready for further growth, we nee
Slide 37: Human Capital: Result and Actions
5. FSG.30 Non-Financial Strategy Human Capital: Result and Actions Generate "Waku-Waku" - No growth without "Waku-Waku" - Empowering Challenges, Creating Value. Principle KPI Target FY25 Succession rate 80% In progress Enrichment of Turnover rate ７％ 7.6％ Human Capital Training Hours 30hours 12.8hour
Slide 38: Update on Initiatives to Increase Corporate Value
5. FSG.30 Non-Financial Strategy Update on Initiatives to Increase Corporate Value Investors ⚫ Dialogue with Shareholders and Investors Number of Meetings with Shareholders and Investors Board of Directors/ Executive Officers Meeting 177 Board of 160 ⚫ Sustainable growth through reflecting dialogue
Slide 39: FY2025 External Evaluation
5. FSG.30 Non-Financial Strategy FY2025 External Evaluation To achieve our vision, various external organizations have highly rated us as a company that promotes initiatives to help realize a sustainable society. We are actively committed to obtaining such external ratings as indicators of the outco
Slide 40: FY2026 Dividend Forecast
FY2026 Dividend Forecast © 2026 Fuji Seal International, Inc. or its affiliates 40
Slide 41: Change in Dividend Policy
6. FY2026 Dividend Forecast Change in Dividend Policy Background Increasing possibility of significant fluctuations in net profit due to temporary or irregular factors resulting from changes in the business environment in recent years, progress in global expansion, and geopolitical risks. To avoid h
Slide 42: FY2025 Planned Dividends and FY2026 Dividend Forecast
6. FY2026 Dividend Forecast FY2025 Planned Dividends and FY2026 Dividend Forecast Trends in Dividends per Share, EPS and Consolidated Dividend Payout Ratio Earnings per share (EPS) (yen) FY2025 FY2026 Temporary impact (EPS) (yen) Planned Forecast Excluding temporary impact Cash Dividends Dividends p
Slide 43: Appendix
Appendix © 2026 Fuji Seal International, Inc. or its affiliates 43
Slide 44: Company Profile
Company Profile As of March 31, 2026 Trade name Fuji Seal International, Inc. October 18, 1958 (Founded in 1897) Established *Trade name changed from Fuji Seal Co., Ltd. upon transition to a holding company on October 1, 2004 Paid-in Capital ¥5,990 million Consolidated net sales ¥217,752 million Rep
Slide 45: The Fuji Seal Group's History of Value Creation
Appendix The Fuji Seal Group’s History of Value Creation - Changing along with changes - © 2026 Fuji Seal International, Inc. or its affiliates 45
Slide 46: Global Business Expansion
Appendix Global Business Expansion - Creating a world where everyone can live with a smile and peace of mind through packaging - We have continued to build businesses by valuing the characteristics and culture that have developed in each market and heeding direct feedback from local customers. We ha
Slide 47: Trends in Consolidated Sales and Operating Profit
Appendix Trends in Consolidated Sales and Operating Profit Consolidated sales Operating profit / (Unit: 100 million yen） (Unit: 100 million yen） Operating profit margin Acquired all shares of the joint venture in Thailand (Fuji Ace Co., Ltd.) and made it a subsidiary as Fuji Seal Packaging (Thailand
Slide 48: Net Sales by Segment (Regions) and Products (Business)
Appendix Net Sales by Segment(Regions) and Products(Business) Sales by Segment(Region) Net Sales by Products(Business) (Unit: 100 million yen） (Unit: 100 million yen） In addition to Japan's growth up to fiscal year 2019, overseas regions have grown remarkably in Shrink label and spouted pouch busine
Slide 49: Existing Business Introduction: Shrink Label Business
Appendix Existing Business Introduction: Shrink Label Business (Shrink Labeler) We are the first in the world to develop the shrink label. It is the only label that fits to containers in any form, and is used in a wide range of products. As a global market leader and pioneer, we boast an extremely h
Slide 50: Existing Business Introduction: PS Label Business
Appendix Existing Business Introduction: PS Label Business (PSL Labeler) Our pressure sensitive labels(PSL) have established No.1 positions in various specified markets such as POP labels that improve eye catch effectiveness in stores, labels for ID printing campaigns, and labels for sealing wet wip
Slide 51: Existing Business Introduction: Spouted Pouch Business
Appendix Existing Business Introduction: Spouted Pouch Business Spouted pouch is a flexible package bag with a spout that replaces conventional rigid containers. Compared to rigid containers, it allows for a significant reduction in the amount of plastic used, so its adoption is expanding widely. Du
Slide 52: Shareholder Return Results
Appendix Shareholder Return Results Shareholder returns Stock Price Trends / Acquisition of Treasury Stock DPS(Yen) Dividend Payout Ratio Total Payout Ratio 3,500 Treasury stock acquisition period Figures excluding one- 48.0% time impact from 3,000 46.1% liquidation of Swiss 42.9% subsidiary 34.9% R
Slide 53: 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" - 53
Slide 54: 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 — FY2025 Earnings Presentation on 6ix