Fuso Chemical : Announcement of financial results for the first quarter ended June 30, 2025

Published August 8, 2025 at 9:40 a.m. UTC

Source: MarketScreener

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Three Months Ended June 30, 2025 (Based on Japanese GAAP)

Company name: FUSO CHEMICAL CO., LTD. Stock exchange listing: Tokyo

Stock code: 4368 URL https://fusokk.co.jp/eng/

Representative: Representative Director & President Shinichi Sugita Board Director, Division Manager of

August 8, 2025

Inquiries:

Administration Division

Hiroyuki Ito TEL 03-3639-6311

Scheduled date to commence dividend payments: -Preparation of supplementary material on financial results: No Holding of financial results meeting: No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the three months ended June 30, 2025 (from April 1, 2025 to June 30, 2025)

Consolidated operating results (cumulative) Percentages indicate year-on-year changes

	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
Three months ended June 30, 2025	18,658	7.0	4,694	20.0	4,532	5.6	3,105	7.6
Three months ended June 30, 2024	17,431	27.8	3,910	22.4	4,290	15.1	2,884	17.5

Note: Comprehensive income Three months ended June 30, 2025 ¥2,731 million [(27.7)%]

Three months ended June 30, 2024 ¥3,775 million [15.6%]

	Earnings per share	Diluted earnings per share
	Yen	Yen
Three months ended June 30, 2025	88.07	-
Three months ended June 30, 2024	81.83	-

Reference: Operating profit before depreciation and amortization (Consolidated operating profit + depreciation and amortization) Three months ended June 30, 2025 ¥6,897 million

Three months ended June 30, 2024 ¥5,729 million

Consolidated financial position

	Total assets	Net assets	Equity ratio	Net assets per share
	Millions of yen	Millions of yen	%	Yen
As of June 30, 2025	137,154	105,448	76.9	2,990.84
As of March 31, 2025	141,502	104,048	73.5	2,951.16

Reference: Equity	As of June 30, 2025	¥105,448 million
2. Cash dividends	As of March 31, 2025	¥104,048 million

	Annual dividends per share
	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
	Yen	Yen	Yen	Yen	Yen
Year ended March 31, 2025	-	35.00	-	38.00	73.00
Year ending March 31, 2026	-
Year ending March 31, 2026 (Forecast)		38.00	-	38.00	76.00

Note: Revisions to the cash dividend forecast most recently announced: No

Forecast of consolidated financial results for the year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

Percentages indicate year-on-year changes

	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent		Earnings per share
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Six months ending September 30, 2025	36,300	4.4	7,900	(3.0)	7,650	(3.8)	5,250	(6.4)	148.90
Full year	72,700	4.6	14,000	(13.7)	13,800	(16.7)	9,400	(19.1)	266.61

Note: Revisions to the financial results forecasts most recently announced: No

Reference: Operating profit before depreciation and amortization (Consolidated operating profit + depreciation and amortization) First half (cumulative) ¥12,700 million [7.2%] Full year ¥25,500 million [3.9%]

Notes
1. Significant changes in the scope of consolidation during the three months ended June 30, 2025: No
2. Application of special accounting methods for preparing quarterly consolidated financial statements: Yes
  Note: Simple accounting procedures and accounting procedures specific for the preparation of quarterly consolidated financial statements.
3. Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements Changes in accounting policies due to revisions to accounting standards and other regulations: No Changes in accounting policies due to other reasons: No
  Changes in accounting estimates: No
  Restatement of prior period financial statements: No
4. Number of issued shares (common shares)

As of June 30, 2025

35,511,000 shares

As of March 31, 2025

35,511,000 shares

As of June 30, 2025

254,089 shares

As of March 31, 2025

254,089 shares

Total number of issued shares at the end of the period (including treasury shares) Number of treasury shares at the end of the period

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Three months ended June 30, 2025

35,256,911 shares

Three months ended June 30, 2024

35,249,649 shares

Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit corporation: Yes (voluntary)
Explanation of proper use of financial results forecast, and other special matters (Caution concerning forward-looking statements)

The forward-looking statements, including the financial results forecast shown in this document, are based on information currently available to the Company and on certain assumptions deemed to be reasonable by the Company. As such, they do not constitute guarantees by the Company of future performance. Actual performance and other results may also differ materially due to various factors.

Quarterly consolidated financial statements Consolidated balance sheets

(Thousands of yen)

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

Assets

Current assets

Cash and deposits	31,295,730	27,868,347
Notes and accounts receivable - trade	16,046,056	16,956,080
Merchandise and finished goods	14,058,439	13,722,934
Work in process	675,979	933,880
Raw materials and supplies	3,419,342	3,265,862
Other	1,571,738	1,497,867
Allowance for doubtful accounts	(14,851)	(14,541)
Total current assets	67,052,435	64,230,431
Non-current assets Property, plant and equipment Buildings and structures, net	19,435,011	19,050,480
Machinery, equipment and vehicles, net	18,491,734	17,515,966
Land	8,433,034	8,428,581
Construction in progress	19,567,556	19,668,808
Other, net	1,055,247	983,939
Total property, plant and equipment	66,982,585	65,647,777
Intangible assets	4,006,424	3,854,478
Investments and other assets Investment securities	714,487	731,020
Long-term prepaid expenses	540,921	499,933
Deferred tax assets	1,720,436	1,697,957
Retirement benefit asset	247,313	239,675
Other	237,467	252,975
Allowance for doubtful accounts	(0)	(0)
Total investments and other assets	3,460,627	3,421,561
Total non-current assets	74,449,636	72,923,818
Total assets	141,502,071	137,154,249

(Thousands of yen)

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

Liabilities

Current liabilities

Notes and accounts payable - trade	3,073,443	2,970,796
Current portion of long-term borrowings	3,100,000	4,000,000
Accounts payable - other	2,625,862	2,674,513
Accounts payable - facilities	6,207,343	1,047,383
Income taxes payable	1,847,953	1,460,372
Provision for bonuses	620,290	380,503
Provision for bonuses for directors (and other officers)	52,350	34,643
Provision for repairs	451,633	356,378
Other	510,725	829,504
Total current liabilities	18,489,603	13,754,094
Non-current liabilities
Long-term borrowings	16,900,000	15,900,000
Deferred tax liabilities	303,532	293,047
Retirement benefit liability	1,463,632	1,470,864
Asset retirement obligations	17,924	17,924
Long-term accounts payable - facilities	137,864	134,171
Other	140,535	136,024
Total non-current liabilities	18,963,490	17,952,033
Total liabilities	37,453,093	31,706,128
Net assets
Shareholders' equity
Share capital	4,334,047	4,334,047
Capital surplus	4,820,722	4,828,238
Retained earnings	91,405,565	93,170,980
Treasury shares	(1,057,033)	(1,057,033)
Total shareholders' equity	99,503,301	101,276,232
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	191,889	206,039
Deferred gains or losses on hedges	8,682	1,568
Foreign currency translation adjustment	4,345,103	3,964,280
Total accumulated other comprehensive income	4,545,676	4,171,888
Total net assets	104,048,977	105,448,121
Total liabilities and net assets	141,502,071	137,154,249

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative) Consolidated statements of income (cumulative)

(Thousands of yen)

Three months ended June 30, 2024

Three months ended June 30, 2025

Net sales	17,431,688	18,658,089
Cost of sales	11,188,897	11,444,179
Gross profit	6,242,790	7,213,909
Selling, general and administrative expenses	2,332,019	2,519,839
Operating profit	3,910,771	4,694,069
Non-operating income Interest income	73,438	103,869
Dividend income	6,161	7,987
Foreign exchange gains	339,629	-
Other	9,867	10,983
Total non-operating income	429,097	122,840
Non-operating expenses Interest expenses	32,789	32,789
Depreciation	267	-
Loss on investments in investment partnerships	16,116	6,718
Foreign exchange losses	-	244,701
Other	16	19
Total non-operating expenses	49,190	284,229
Ordinary profit	4,290,678	4,532,680
Extraordinary income Gain on sale of non-current assets	1	578
Subsidy income	20,257	5,588
Total extraordinary income	20,258	6,166
Extraordinary losses
Loss on sale of non-current assets	-	195
Loss on retirement of non-current assets	12,232	3,871
Total extraordinary losses	12,232	4,066
Profit before income taxes	4,298,705	4,534,780
Income taxes - current	1,310,027	1,410,836
Income taxes - deferred	104,115	18,766
Total income taxes	1,414,142	1,429,602
Profit	2,884,562	3,105,177
Profit attributable to owners of parent	2,884,562	3,105,177