Fuji Seal International (7864) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 1.6% year-over-year to ¥161,078 million, with operating profit up 11.7% to ¥15,787 million and ordinary profit up 20.8% to ¥17,023 million, supported by strong first-half performance and tracking in line with full-year forecasts.

• Profit attributable to owners of the parent surged 102.3% year-over-year to ¥18,973 million, exceeding the full-year forecast progress rate at 109.7%, driven by a gain on liquidation of a subsidiary.

• Comprehensive income increased 37.2% year-over-year to ¥15,140 million.

• Regional performance was mixed: Americas and Europe saw increases in both sales and profit, while Japan and ASEAN experienced declines in sales, with ASEAN posting higher profit.

Financial highlights

• Earnings per share for the nine months ended December 31, 2025, was ¥355.94, up from ¥172.75 in the prior year.

• Gross profit for the period was ¥36,528 million, with a gross margin of approximately 22.7%.

• Cash and cash equivalents at period-end increased by ¥5,731 million to ¥34,783 million.

• Net assets rose to ¥155,666 million, with an equity ratio of 70.0%.

• Net sales for Q3 reached 161,078 million yen, up 1.6% year-over-year.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2026, remains unchanged: net sales of ¥216,000 million (+1.7% YoY), operating profit of ¥19,400 million (+3.0%), and profit attributable to owners of the parent of ¥17,300 million (+41.8%).

• No revision to the full-year forecast at Q3, as cumulative net profit already exceeds the target.

• Annual dividend forecast is ¥71.00 per share.