Fuso Chemical Co., Ltd. TSE:4368
Fuso Chemical : Announcement of financial results for the third quarter ended December 31, 2025
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.
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
February 6, 2026
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 nine months ended December 31, 2025 (from April 1, 2025 to December 31, 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
%
Nine months ended December 31, 2025
57,928
10.5
14,563
15.6
15,074
14.6
10,689
16.6
Nine months ended December 31, 2024
52,420
21.5
12,595
53.1
13,156
51.2
9,169
50.2
Note: Comprehensive income Nine months ended December 31, 2025 ¥11,854 million [19.8%]
Nine months ended December 31, 2024 ¥9,892 million [47.6%]
Earnings per share
Diluted earnings per share
Yen
Yen
Nine months ended December 31, 2025
303.14
-
Nine months ended December 31, 2024
260.10
-
Reference: Operating profit before depreciation and amortization (Consolidated operating profit + depreciation and amortization) Nine months ended December 31, 2025 ¥21,912 million
Nine months ended December 31, 2024 ¥18,250 million
Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
Millions of yen | Millions of yen | % | Yen | |
As of December 31, 2025 | 149,422 | 113,142 | 75.7 | 3,208.31 |
As of March 31, 2025 | 141,502 | 104,048 | 73.5 | 2,951.16 |
Reference: Equity | As of December 31, 2025 | ¥113,142 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 | - | 41.00 | - | ||
Year ending March 31, 2026 (Forecast) | 41.00 | 82.00 | |||
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
Full year
Millions of yen
75,500
%
8.6
Millions of yen
17,500
%
7.8
Millions of yen
17,600
%
6.3
Millions of yen
12,200
%
5.0
Yen
346.04
Note: Revisions to the financial results forecasts most recently announced: No
Reference: Operating profit before depreciation and amortization (Consolidated operating profit + depreciation and amortization) Full year ¥28,400 million [15.7%]
Notes
Significant changes in the scope of consolidation during the nine months ended December 31, 2025: No
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.
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
Number of issued shares (common shares)
As of December 31, 2025 | 35,511,000 shares | As of March 31, 2025 | 35,511,000 shares |
As of December 31, 2025 | 245,542 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)
Nine months ended December 31, 2025 | 35,261,241 shares | Nine months ended December 31, 2024 | 35,253,323 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 December 31, 2025
Assets
Current assets
Cash and deposits | 31,295,730 | 36,726,140 |
Notes and accounts receivable - trade | 16,046,056 | 18,315,013 |
Merchandise and finished goods | 14,058,439 | 13,581,040 |
Work in process | 675,979 | 602,813 |
Raw materials and supplies | 3,419,342 | 3,667,830 |
Other | 1,571,738 | 2,696,875 |
Allowance for doubtful accounts | (14,851) | (14,407) |
Total current assets | 67,052,435 | 75,575,306 |
Non-current assets Property, plant and equipment Buildings and structures, net | 19,435,011 | 24,245,286 |
Machinery, equipment and vehicles, net | 18,491,734 | 27,122,361 |
Land | 8,433,034 | 8,439,662 |
Construction in progress | 19,567,556 | 3,963,222 |
Other, net | 1,055,247 | 949,466 |
Total property, plant and equipment | 66,982,585 | 64,719,999 |
Intangible assets | 4,006,424 | 5,875,494 |
Investments and other assets Investment securities | 714,487 | 602,915 |
Long-term prepaid expenses | 540,921 | 437,555 |
Deferred tax assets | 1,720,436 | 1,537,628 |
Retirement benefit asset | 247,313 | 224,400 |
Other | 237,467 | 449,394 |
Allowance for doubtful accounts | (0) | (0) |
Total investments and other assets | 3,460,627 | 3,251,894 |
Total non-current assets | 74,449,636 | 73,847,389 |
Total assets | 141,502,071 | 149,422,695 |
(Thousands of yen) As of March 31, 2025 As of December 31, 2025
Liabilities
Current liabilities
Notes and accounts payable - trade | 3,073,443 | 2,641,505 |
Current portion of long-term borrowings | 3,100,000 | 4,000,000 |
Accounts payable - other | 2,625,862 | 2,169,125 |
Accounts payable - facilities | 6,207,343 | 7,113,917 |
Income taxes payable | 1,847,953 | 2,336,974 |
Provision for bonuses | 620,290 | 432,107 |
Provision for bonuses for directors (and other officers) | 52,350 | 109,175 |
Provision for repairs | 451,633 | 382,125 |
Other | 510,725 | 1,036,971 |
Total current liabilities | 18,489,603 | 20,221,903 |
Non-current liabilities | ||
Long-term borrowings | 16,900,000 | 14,000,000 |
Deferred tax liabilities | 303,532 | 322,070 |
Retirement benefit liability | 1,463,632 | 1,443,970 |
Asset retirement obligations | 17,924 | 17,924 |
Long-term accounts payable - facilities | 137,864 | 126,785 |
Other | 140,535 | 147,391 |
Total non-current liabilities | 18,963,490 | 16,058,143 |
Total liabilities | 37,453,093 | 36,280,047 |
Net assets | ||
Shareholders' equity | ||
Share capital | 4,334,047 | 4,334,047 |
Capital surplus | 4,820,722 | 4,820,722 |
Retained earnings | 91,405,565 | 99,298,047 |
Treasury shares | (1,057,033) | (1,021,523) |
Total shareholders' equity | 99,503,301 | 107,431,293 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 191,889 | 132,870 |
Deferred gains or losses on hedges | 8,682 | 13,879 |
Foreign currency translation adjustment | 4,345,103 | 5,564,604 |
Total accumulated other comprehensive income | 4,545,676 | 5,711,354 |
Total net assets | 104,048,977 | 113,142,647 |
Total liabilities and net assets | 141,502,071 | 149,422,695 |
(Thousands of yen)
Nine months ended December 31, 2024
Nine months ended December 31, 2025
Net sales | 52,420,635 | 57,928,968 |
Cost of sales | 32,443,598 | 35,609,035 |
Gross profit | 19,977,036 | 22,319,932 |
Selling, general and administrative expenses | 7,381,275 | 7,756,750 |
Operating profit | 12,595,760 | 14,563,181 |
Non-operating income Interest income | 247,232 | 310,802 |
Dividend income | 13,592 | 15,735 |
Foreign exchange gains | 382,717 | 270,695 |
Other | 30,565 | 33,772 |
Total non-operating income | 674,107 | 631,004 |
Non-operating expenses Interest expenses | 99,090 | 95,117 |
Depreciation | 853 | - |
Loss on investments in investment partnerships | 12,557 | 24,007 |
Other | 874 | 866 |
Total non-operating expenses | 113,375 | 119,991 |
Ordinary profit | 13,156,493 | 15,074,195 |
Extraordinary income Gain on sale of non-current assets | 60,928 | 2,829 |
Gain on sale of investment securities | - | 184,801 |
Subsidy income | 20,257 | 5,588 |
Total extraordinary income | 81,185 | 193,219 |
Extraordinary losses | ||
Loss on sale of non-current assets | 8,387 | 203 |
Loss on retirement of non-current assets | 31,879 | 31,038 |
Total extraordinary losses | 40,267 | 31,241 |
Profit before income taxes | 13,197,410 | 15,236,173 |
Income taxes - current | 3,855,054 | 4,336,963 |
Income taxes - deferred | 172,626 | 210,030 |
Total income taxes | 4,027,681 | 4,546,993 |
Profit | 9,169,729 | 10,689,180 |
Profit attributable to owners of parent | 9,169,729 | 10,689,180 |