Fuso Chemical : Announcement of financial results for the fiscal year ended March 31, 2025

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.

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

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

Representative: Representative Director & President Shinichi Sugita Senior Executive Officer,

May 12, 2025

Inquiries:

Division Manager of Administration Division

Hiroyuki Ito TEL 03-3639-6311

Scheduled date of ordinary general meeting of shareholders: June 20, 2025 Scheduled date to file Securities Report: June 19, 2025

Scheduled date to commence dividend payments: June 23, 2025 Preparation of supplementary material on financial results: No

Holding of financial results meeting: Yes (for institutional investors)

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended March 31, 2025 (from April 1, 2024 to March 31, 2025)

   1. Consolidated operating results Percentages indicate year-on-year changes

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Year ended March 31, 2025 Year ended March 31, 2024	Millions of yen 69,501 58,970	% 17.9 (13.9)	Millions of yen 16,230 11,083	% 46.4 (41.4)	Millions of yen 16,561 11,883	% 39.4 (39.8)	Millions of yen 11,622 8,343	% 39.3 (41.0)

      Note: Comprehensive income Year ended March 31, 2025 ¥11,399 million [15.9%]

      Year ended March 31, 2024 ¥9,835 million [(31.4)%]

      	Earnings per share	Diluted earnings per share	Profit attributable to owners of parent/equity	Ordinary profit/total assets	Operating profit/net sales
      	Yen	Yen	%	%	%
      Year ended March 31, 2025	329.68	-	11.7	12.0	23.4
      Year ended March 31, 2024	236.70	-	9.1	9.6	18.8

      Reference: Share of loss (profit) of entities accounted for using equity method

      Year ended March 31, 2025 ¥- million

      Year ended March 31, 2024 ¥- million

      Operating profit before depreciation and amortization (Consolidated operating profit + depreciation and amortization) Year ended March 31, 2025 ¥24,539 million [34.5%]

      Year ended March 31, 2024 ¥18,244 million [(21.6)%]

   2. Consolidated financial position

      	Total assets	Net assets	Equity ratio	Net assets per share
      	Millions of yen	Millions of yen	%	Yen
      As of March 31, 2025	141,502	104,048	73.5	2,951.16
      As of March 31, 2024	133,740	95,025	71.1	2,695.77

      Reference: Equity As of March 31, 2025 ¥104,048 million

      As of March 31, 2024 ¥95,025 million

   3. Consolidated cash flows

      	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
      Year ended March 31, 2025 Year ended March 31, 2024	Millions of yen 22,701 7,061	Millions of yen (20,538) (18,576)	Millions of yen (2,409) 17,663	Millions of yen 29,237 29,483

2. Cash dividends

   	Annual dividends per share					Total cash dividends (Total)	Dividend payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
   Year ended March 31, 2024 Year ended March 31, 2025	Yen - -	Yen 33.00 35.00	Yen - -	Yen 33.00 38.00	Yen 66.00 73.00	Millions of yen 2,326 2,573	% 27.9 22.1	% 2.5 2.6
   Year ending March 31, 2026 (Forecast)	-	38.00	-	38.00	76.00		28.5

3. 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

   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%]

4. Notes

   1. Significant changes in the scope of consolidation during the period: No

   2. 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: Yes Changes in accounting policies due to other reasons: No

      Changes in accounting estimates: No

      Restatement of prior period financial statements: No

   3. Number of issued shares (common shares)

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

35,511,000 shares

As of March 31, 2024

35,511,000 shares

As of March 31, 2025

Number of treasury shares at the end of the period

261,338 shares

As of March 31, 2024

254,089 shares

As of March 31, 2025

Average number of shares during the period

35,247,349 shares

Year ended March 31, 2024

35,254,215 shares

Year ended March 31, 2025

Reference: Summary of non-consolidated financial results

1. Non-consolidated financial results for the year ended March 31, 2025 (from April 1, 2024 to March 31, 2025)

   1. Non-consolidated operating results Percentages indicate year-on-year changes

      	Net sales		Operating profit		Ordinary profit		Profit
      Year ended March 31, 2025 Year ended March 31, 2024	Millions of yen 57,450 47,771	% 20.3 (16.2)	Millions of yen 13,047 8,036	% 62.4 (46.8)	Millions of yen 14,730 10,390	% 41.8 (40.9)	Millions of yen 10,850 7,737	% 40.2 (40.7)

      	Earnings per share	Diluted earnings per share
      	Yen	Yen
      Year ended March 31, 2025	307.77	-
      Year ended March 31, 2024	219.52	-

   2. Non-consolidated financial position

Reference: Equity As of March 31, 2025 ¥92,025 million

As of March 31, 2024 ¥83,648 million

• Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.

• Explanation of proper use of financial results forecast, and other special matters

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.

(Thousands of yen)

As of March 31, 2024 As of March 31, 2025

Assets

Current assets

(Thousands of yen)

As of March 31, 2024 As of March 31, 2025

Liabilities

Current liabilities