Fuji Seal International (7864) Q1 2026 earnings summary

Executive summary

• Net sales rose 4.7% year-over-year to ¥54,943 million for the quarter ended June 30, 2025, led by growth in the Americas and Europe.

• Operating profit surged 34.0% year-over-year to ¥6,005 million, with a margin of 10.9% for Q1.

• Profit attributable to owners increased 18.5% to ¥4,334 million, while comprehensive income dropped sharply to ¥1,441 million, down 81.7% year-over-year due to negative foreign currency translation adjustment.

• Profitability improved in all regions except Japan, where both sales and profits declined.

• Q1 operating profit progress ratio reached 31.0%, with results typically concentrated in the first half.

Financial highlights

• Net sales: ¥54,943 million, up ¥2,458 million (+4.7%) year-over-year.

• Operating profit: ¥6,005 million, up 34.0% year-over-year; margin improved by 2.4pt to 10.9%.

• Ordinary profit: ¥5,635 million, up 8.6% year-over-year; margin at 10.3%.

• Net profit: ¥4,334 million, up 18.5% year-over-year; margin at 7.9%.

• Gross profit increased to ¥12,606 million from ¥10,484 million year-over-year.

Outlook and guidance

• Full-year forecast for FY ending March 31, 2026 remains unchanged: net sales ¥216,000 million (+1.7% YoY), operating profit ¥19,700 million (+3.0%), profit attributable to owners ¥19,400 million (+41.8%), and EPS ¥322.49.

• Q1 progress rate: net sales 25.4%, operating profit 31.0%.

• Dividend forecast for FY2026 is ¥71.00 per share, up from ¥68.00 in FY2025.

• Monitoring Q2 and beyond due to first-half concentration of results.