Fuji Seal International (7864) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, rose 10.9% year-over-year to ¥105.2 billion, with operating profit up 63.4% to ¥9.2 billion and profit attributable to owners up 6.8% to ¥5.7 billion.

• Operating profit margin increased to 8.7%, up 1.1 points from the previous full year.

• Growth was driven by strong sales in all regions and segments, especially in Shrink Sleeve Labels and Soft Pouch products.

• Strategic investments and business portfolio reviews contributed to improved profitability and operational efficiency.

• Comprehensive income increased 33.1% year-over-year to ¥14,252 million.

Financial highlights

• Gross profit for the period was ¥21,747 million, up from ¥16,493 million year-over-year.

• Net sales rose 10.9% year-over-year to ¥105.2 billion; operating profit up 63.4% to ¥9.2 billion.

• Ordinary profit increased 21.3% to ¥8.6 billion; net profit up 6.8% to ¥5.7 billion.

• Earnings per share increased to ¥105.01 from ¥97.44 year-over-year.

• Total assets grew to ¥207,367 million from ¥192,684 million as of March 31, 2024.

Outlook and guidance

• FY2024 full-year net sales forecast at ¥203 billion, with 51.8% progress achieved by Q2.

• Full-year forecast for FY2025 remains unchanged: net sales ¥203,000 million (+3.2% YoY), operating profit ¥15,400 million (+15.7% YoY), profit attributable to owners ¥10,600 million (+3.1% YoY), EPS ¥195.18.

• Dividend forecast for FY2025 is ¥60.00 per share, unchanged from the previous year.

• Continued focus on achieving double-digit ROE and sustainable growth through FSG.30 strategies.

• Ongoing investments in production capacity and automation to support future growth.