Fuji Seal International, Inc.TSE: 7864

Summary of Flash Report for the First Quarter Period Ended June 30, 2025 (based on Japan GAAP) (on a consolidated basis)

· Issued by Fuji Seal International, Inc.

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Summary of Flash Report for the First Quarter Period Ended June 30, 2025 (based on Japan GAAP) (on a consolidated basis)

August 7, 2025

Name of the listed company: Fuji Seal International, Inc. Security code: 7864 Stock exchange: Tokyo Prime URL: https://http://www.fujiseal.com

Representative: Shigeko Okazaki, President and CEO

Contact: Fumitaka Goto, IR Division Manager TEL +81-6-6350-1080 Scheduled date for initiation of dividend payments: -

Prepared supplementary presentation material: Yes Held quarterly results briefing: None

* All amounts are rounded down to the nearest million yen.

  1. Consolidated Financial Results for the Three Months Ended June 30, 2025 (April 1, 2025 to June 30, 2025)

    (1) Consolidated operating results (Millions of yen) (%: year on year change)

    Net sales Operating profit Ordinary profit Profit attributable to

    Three months ended 54,943 4.7%

    6,005 34.0%

    5,635

    8.6%

    4,334

    18.5%

    June 30, 2024 52,484 11.6

    4,483 58.2

    5,188

    39.9

    3,657

    49.5

    owners of the parent

    June 30, 2025

    Note: Comprehensive income Three months ended

    June 30, 2025: ¥1,441 million [(81.7)%]

    June 30, 2024: ¥7,873 million [135.3%]

    Earnings per share (¥) Diluted EPS (¥) Three months ended

    June 30, 2025

    81.29

    -

    June 30, 2024 67.40 -

    (2) Consolidated financial position

    (Millions of yen)

    Total assets Net assets

    Equity ratio (%)

    Net assets per share (¥)

    As of June 30, 2025 209,271 143,625

    68.6

    2,697.84

    As of March 31, 2025 209,822 145,269

    69.2

    2,707.95

    Reference: Owners' equity

    As of June 30, 2025: ¥143,625 million As of March 31, 2025: ¥145,269 million

  2. Dividends

    Cash dividends per share (¥)

    Quarter-end

    1st

    2nd

    3rd

    Fiscal year ended March 31, 2025

    -

    30.00

    -

    38.00

    68.00

    Fiscal year-end Annual

    Fiscal year ending March 31, 2026

    -

    Fiscal year ending March 31, 2026 (forecast)

    35.00

    -

    36.00

    71.00

    Note: Revisions to the most recently disclosed dividend payment forecasts: None

  3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

    (Millions of yen) (%: year on year change)

    Net sales Operating profit Ordinary profit Profit attributable to

    owners of the parent

    Basic earnings

    per share (¥)

    Fiscal year ending

    216,000 1.7% 19,400 3.0% 19,700 7.5% 17,300 41.8% 322.49

    March 31, 2026

    Note: Revisions to the most recently disclosed financial forecasts: None

  4. Notes
    1. Significant changes in the scope of consolidation during the three-month period: None New: - (Company name: -) Excluded: - (Company name: -)

    2. Application of specific accounting treatment to the preparation of quarterly consolidated financial statements: None

    3. Changes in accounting policies, changes in accounting estimates, and restatements

      1. Changes in accounting policies due to revisions to accounting standards, etc.: None

      2. Changes in accounting policies other than 1.: None

      3. Changes in accounting estimates: None

      4. Restatements: None

    4. Number of ordinary shares issued at the end of the period

      As of June 30, 2025

      60,161,956

      shares

      As of March 31, 2025

      60,161,956

      shares

      As of June 30, 2025

      6,924,790

      shares

      As of March 31, 2025

      6,516,290

      shares

      Three months ended June 30, 2025

      53,318,911

      shares

      Three months ended June 30, 2024

      54,259,570

      shares

      1. Number of shares issued at the end of the period (including treasury shares)

      2. Number of treasury shares at the end of the period

      3. Average number of shares during the period (for the three-month period)

    Note: The number of treasury shares at the end of the period includes shares of the Company held by a saving-type employee stock ownership plan (ESOP) trust account (hereinafter, "the trust account"). In addition, shares of the Company held by the trust account are included in the treasury shares excluded from the calculation of the average number of shares during the period.

    * Review of the attached quarterly consolidated financial statements by a certified public accountant or an audit firm: Yes (voluntary)

  5. Quarterly Consolidated Financial Statements
  1. Quarterly Consolidated Balance Sheets

    (Millions of yen)

    As of March 31, 2025 As of June 30, 2025

    Assets

    Current assets

    Cash and deposits

    34,394

    32,648

    Notes and accounts receivable - trade

    52,849

    52,911

    Electronically recorded monetary claims - operating

    12,583

    13,487

    Merchandise and finished goods

    11,184

    11,536

    Work in process

    6,699

    6,829

    Raw materials and supplies

    9,739

    9,772

    Other

    5,860

    5,178

    Allowance for doubtful accounts

    (236)

    (155)

    Total current assets

    133,075

    132,209

    Non-current assets

    Property, plant and equipment

    Buildings and structures, net

    26,365

    25,363

    Machinery, equipment and vehicles, net

    20,782

    20,111

    Tools, furniture and fixtures, net

    2,400

    2,517

    Land

    8,991

    8,958

    Leased assets, net

    288

    288

    Construction in progress

    5,328

    7,089

    Other, net

    940

    877

    Total property, plant and equipment

    65,097

    65,207

    Intangible assets

    Goodwill

    871

    852

    Other

    1,316

    1,226

    Total intangible assets

    2,187

    2,078

    Investments and other assets

    Investment securities

    3,530

    3,487

    Deferred tax assets

    2,499

    2,958

    Other

    3,520

    3,413

    Allowance for doubtful accounts

    (88)

    (84)

    Total investments and other assets

    9,462

    9,775

    Total non-current assets

    76,747

    77,061

    Total assets

    209,822

    209,271

    (Millions of yen)

    As of March 31, 2025 As of June 30, 2025

    Liabilities

    Current liabilities

    Notes and accounts payable - trade

    15,811

    17,432

    Electronically recorded obligations - operating

    11,565

    13,352

    Short-term borrowings

    6,000

    4,000

    Current portion of long-term borrowings

    751

    722

    Lease liabilities

    72

    78

    Accounts payable - other

    4,644

    3,761

    Income taxes payable

    1,801

    2,195

    Provision for bonuses

    2,598

    3,034

    Other

    12,976

    12,913

    Total current liabilities

    56,220

    57,491

    Non-current liabilities

    Long-term borrowings

    2,781

    2,665

    Lease liabilities

    135

    132

    Deferred tax liabilities

    1,284

    1,217

    Retirement benefit liability

    2,751

    2,781

    Other

    1,379

    1,357

    Total non-current liabilities

    8,332

    8,154

    Total liabilities

    64,553

    65,645

    Net assets

    Shareholders' equity

    Share capital

    5,990

    5,990

    Capital surplus

    6,625

    6,625

    Retained earnings

    119,188

    121,468

    Treasury shares

    (11,230)

    (12,261)

    Total shareholders' equity

    120,574

    121,822

    Accumulated other comprehensive income

    Valuation difference on available-for-sale securities

    1,006

    972

    Deferred gains or losses on hedges

    0

    0

    Foreign currency translation adjustment

    23,423

    20,567

    Remeasurements of defined benefit plans

    265

    262

    Total accumulated other comprehensive income

    24,695

    21,802

    Total net assets

    145,269

    143,625

    Total liabilities and net assets

    209,822

    209,271

  2. Quarterly Consolidated Statements of Income and Consolidated Statements of Comprehensive Income Quarterly Consolidated Statements of Income

(Millions of yen)

Three months ended June 30, 2024

Three months ended June 30, 2025

Net sales

52,484

54,943

Cost of sales

42,000

42,336

Gross profit

10,484

12,606

Selling, general and administrative expenses

6,000

6,600

Operating profit

4,483

6,005

Non-operating income

Interest income

53

72

Dividend income

54

56

Foreign exchange gains

638

-

Other

38

47

Total non-operating income

785

176

Non-operating expenses

Interest expenses

47

64

Foreign exchange losses

-

459

Depreciation of inactive non-current assets

28

20

Other

3

2

Total non-operating expenses

80

547

Ordinary profit

5,188

5,635

Extraordinary income

Gain on sale of non-current assets

6

0

Total extraordinary income

6

0

Extraordinary losses

Loss on sale and retirement of non-current assets

43

9

Expense on restructuring of organization

-

24

Total extraordinary losses

43

33

Profit before income taxes

5,151

5,603

Income taxes - current

1,633

1,786

Income taxes - deferred

(139)

(517)

Total income taxes

1,494

1,268

Profit

3,657

4,334

Profit attributable to owners of parent

3,657

4,334

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