Fuji Seal International, Inc.TSE: 7864

FY2024 Full Year Financial Result Supplementary Briefing Materials

· Issued by Fuji Seal International, Inc.


FY2024 Full Year Results Supplementary Explanatory Materials

Fuji Seal International, Inc.

May 13, 2025

Copyright 2025 Fuji Seal Group

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 strategy ・Water-based label flat

・Americas

・Pharmaceutical Packaging CMO Business

・DeepIS ®

・Environmental Strategy, Evaluation by Society Human Resorces Strategy

Copyright 2025 Fuji Seal Group

Initiatives to Enhance Corporate Value

2

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 effects of a weaker yen on overseas subsidiaries. Consolidated Operating profits increased a significant 41.6% YOY due to the success of measures to improve Profitability in each region. Consolidated net sales and Operating income both reached record highs. The overview by region is as follows.

Segment YoY

Sales

Operating profits

Japan Increased in Sales

and Profit

  • Shrink(SSL) and PS label(PSL) were strong for beverage labels due to the hot summer and warm winter.

  • Soft Pouches, the focus of FSG.30, performed well in beverages and daily necessities. Maximized QCD in response to increased demand from the market (+11.1% YoY).

  • Machinery sales increased, driven by services (+3.2% YoY). Line engineering business sales results.

  • All businesses continued to implement price revisions in response to soaring raw material prices. Double-digit profit growth (+14.9% YoY) due to streamlining and efficiency improvement in production system.

  • SSL improved its Profitability through ongoing productivity improvement measures.

  • PSL received a large contribution from orders for functional rabel.

  • Promoting proposals to replace from rigid containers to Soft Pouch. Increased number of projects for filling business in new markets.

Americas Increased in Sales

and Profit*

  • SSL sales was driven by major global customers (+7.9% YoY). The investment in the North Carolina plant has resulted in a three-plant structure, and for the first time in the full year, the Americas shrink business outperformed the Japan.

  • PSL significant increases in sales due to continued growth in orders from major HPC customers, which are strategic customers for us.

  • PSL Labeler for the pharmaceutical market, parts, and service exceeded expectations in Machinery business.

  • Operating profits in the Americas reached a record high (+78.7% YoY).

  • SSL Profitability improved due to higher capacity utilization at North Carolina plant.

  • Profitability of PSL improved significantly due to orders from major HPC customers.

Europe Increased in Sales

and Profit*

  • SSL and PSL sales demand continued to decline due to the sluggish market, but orders from new customers were supported by strengthened sales efforts to local customers.

  • Machinery sales, in addition to PSL Labeler for autoinjector, the customer portfolio expanded to include new customers, and orders were received for the Indian pharmaceutical customer.

  • Profitability of SSL and PSL improved due to cost reductions from strategic purchasing activities and optimization of production plans.

  • Machinery improved profitability due to strong service sales.



ASEAN

Increased in Sales

and Profit*

  • SSL sales increased due to higher demand from beverage and dairy industries and Net sales of HPC increased due to high decoration.

  • Sales of soft pouch decreased due to lower shipments from large customers in Thailand. Aiming for recovery through development of new local business for daily necessities.

  • Profit increased due to Profitability improvement measures throughout ASEAN, including productivity improvement at SSL.

  • Soft Pouch is rebuilding its earnings base by reducing fixed costs and switching to less expensive materials.

  • Profitability of Machinery improved due to Profit generation from service sales and fixed cost

reduction.

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*Excluding exchange rate effects All figures exclude the effect of exchange rates. 3

1. FY2024 Financial Results (2) Net Sales and Profits

(Millions of yen)

FY2023

Full year

FY2024

Full year

Increase/Decrease

FY2024

Announced in

Vs. Announced in May

(Amount)

(%)

May

Progress rate

Net sales

196,624

212,345

+15,721

+8.0%

213,000

99.7%

Operating profits (Operating Profit

13,309

18,844

+5,534

+41.6%

18,600

101.3%

Margin)

(6.8%)

(8.9%)

(+2.1pt)

(8.7%)

(+0.2pt)

Ordinary profits (Ordinary Profit

14,732

18,323

+3,591

+24.4%

18,000

101.8%

Margin)

(7.5%)

(8.6%)

(+1.1pt)

(8.5%)

(+0.1pt)

Net profits

10,277

12,199

+1,922

+18.7%

11,600

105.2%

(Net Profit Margin)

(5.2%)

(5.7%)

(+0.5pt)

(5.4%)

(+0.3pt)

Foreign Currency Translation

Rate (average)

USD

140.67

151.69

+7.8%

151.69 -

EUR

152.11

164.05

+7.8%

164.05 -



Note: For the fourth quarter results, Japan and Fuji Seal Packaging (Thailand)Co., Ltd.（FSPT） are for the period from April to March, Americas, Europe, and ASEAN (excluding FSPT) are for January through December.

Copyright 2025 Fuji Seal Group

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1. FY2024 Financial Results (3) Net sales by Product by Region

(Millions of yen)

FY2023

Full year

FY2024

Full year

Year-on-year change

Change

Rate of change

Excluding forex impact 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

+1.7%

-

Soft pouch

20,565

22,858

2,293

+11.1%

-

Machinery

6,648

6,858

210

+3.2%

-

Others

※ 16,404

15,988

△415

△2.5%

-

Americas

57,882

66,176

8,293

+14.3%

+6.0%

Shrink label

47,312

55,023

7,711

+16.3%

+7.9%

PS label

1,865

2,896

1,031

+55.3%

+44.0%

Soft pouch

245

79

△166

△67.7%

△70.0%

Machinery

7,331

8,176

844

+11.5%

+3.4%

Others

1,127

-

△1,127

-

-

Europe

31,140

34,721

3,580

+11.5%

+3.4%

Shrink label

16,694

17,770

1,075

+6.4%

△1.3%

PS label

5,611

5,695

83

+1.5%

△5.9%

Machinery

8,834

11,256

2,421

+27.4%

+18.1%

ASEAN

18,089

19,541

1,452

+8.0%

+0.2%

Shrink label

8,782

10,118

1,335

+15.2%

+6.8%

PS label

186

82

△104

△56.0%

△59.2%

Soft pouch

8,374

8,478

104

+1.3%

△6.1%

Machinery

677

813

135

+20.0%

+11.3%

Others

69

49

△19

△28.8%

△34.0%

Eliminations △9,350

△10,639

△1,289

-

Consolidated net 196,624

212,345

15,721

+8.0%



※The previous year's figures have been revised due to a change in sales categories.

Japan（millions of yen）

Sales before revision

Shrink label

50,223

Others

13,053

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