This Notice is an excerpt translation of the Japanese original for reference purposes only. In the event of any discrepancy between this translated Notice and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.
Securities Code No. 7864 (Date of issuance) June 3, 2024 (Commencement date of measures for providing information in electronic format) May 27, 2024
Shigeko Okazaki, Director, Representative Executive Officer, President and CEO
Fuji Seal International, Inc.
4-1-9, Miyahara, Yodogawa-ku, Osaka
Convocation Notice of the 66th Annual General Meeting of Shareholders
To our shareholders, thank you for your support.
You are cordially invited to attend the 66th Annual General Meeting of Shareholders as follows.
In convening this General Meeting of Shareholders, the Company has taken measures to provide information contained in "Reference Documents for the General Meeting of Shareholders," etc. (the items subject to measures for providing information in electronic format) in electronic format, and has posted this information on the Company's website on the Internet. Please access the Company's website below to review the information.
【Company's website】https://www.fujiseal.com/en/
(Please access the website above and click on "Investor Relations," "Shareholder and Stock Information," then "General Meeting of Shareholders" to review the information.)
In addition to the Company's website above, the Company has also posted the items subject to measures for providing information in electronic format on the following website, so please access the website to review the information.
【Website for general meeting of shareholders materials】https://d.sokai.jp/7864/teiji/ (in Japanese)
If you are unable to attend the meeting, you can exercise your voting rights by electronic voting (Internet) or by mail (voting form). Please exercise your vote by 5:00 p.m. on Wednesday, June 19, 2024, after examining the Reference Documents for the General Meeting of Shareholders.
Thank you.
1
1. Date and Time | 11:00 a.m. on June 20, 2024 (Thursday) |
(Reception will open from 10:30 a.m.) | |
2. Venue | 2F "Oak," HOTEL VISCHIO AMAGASAKI |
1-4-1, Shioe, Amagasaki, Hyogo Prefecture | |
This is a different venue from the previous General Meeting of Shareholders. Upon | |
arrival, please follow the directions to the General Meeting of Shareholders (Please | |
refer to Japanese convocation notice) and take care to avoid making a mistake. | |
3. Agenda | Matters to be Reported |
1. Report on the Business Report and the consolidated financial statements for the | |
66th business year (April 1, 2023 to March 31, 2024), and report on the audit results | |
of the Business Report and consolidated financial statements by the outside | |
accounting auditor and the Audit Committee | |
2. Report on the non-consolidated financial statements for the 66th business year | |
(April 1, 2023 to March 31, 2024) | |
Matters to be Resolved | |
Proposal Election of six directors | |
4. Matters | (1) When exercising voting rights in writing (by mail), if neither approval nor |
Concerning | disapproval of a proposal is indicated on the voting form, it shall be deemed a vote |
Exercise of Voting | of approval. |
Rights | (2) If a shareholder exercises the voting rights more than once, the last vote made shall |
be taken as the validly exercised vote. | |
(3) If a shareholder exercises the voting rights via both the Internet and in writing (by | |
mail), the vote via the Internet shall be taken as the validly exercised vote, | |
regardless of the time of arrival. | |
- In accordance with laws and regulations and Article 14 Paragraph 2 of the Company's Articles of Incorporation, certain items subject to measures for providing information in electronic format, specifically the "Consolidated Statements of Changes in Net Assets," "Notes to the Consolidated Financial Statements," "Non-Consolidated Statements of Changes in Net Assets," and "Notes to the Non- Consolidated Financial Statements," are not included in the paper-based documents to be mailed. As a result, consolidated financial statements and non-consolidated financial statements included in the documents constitute only part of the audited consolidated financial statements and non-consolidated financial statements in preparing the accounting audit report and audit report by the outside accounting auditor and the Audit Committee.
- Any amendments to the items subject to measures for providing information in electronic format will be posted on the aforementioned Company website and the website for general meeting of shareholders materials with a notice to that effect displaying the items before and after the revision.
- When attending the meeting, please submit the voting form at the reception desk.
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Reference Documents for the General Meeting of Shareholders
Proposals and Reference Information
Proposal: Election of six directors
All six (6) directors' terms of office will expire at the end of this General Meeting of Shareholders. Accordingly, the Company requests the election of six (6) directors based on the decision of the Nomination Committee. The Nomination Committee has selected appropriate candidates for directors making reference to the Selection Criteria for Directors (please refer to page 8).
The Director candidates are as follows:
Candidate | Name | Candidate | Present position and | Attendance at Board of | ||
No. | characteristics | responsibilities | Directors meetings | |||
Hiroumi | Reelection | 9 out of 9 meetings | ||||
1 | Outside | Outside Director | ||||
Shioji (male) | (100%) | |||||
Independent | ||||||
Tatsundo | Reelection | 9 out of 9 meetings | ||||
2 | Outside | Outside Director | ||||
Maki (male) | (100%) | |||||
Independent | ||||||
Yuichi Seki | Reelection | 9 out of 9 meetings | ||||
3 | Outside | Outside Director | ||||
(male) | (100%) | |||||
Independent | ||||||
Shigeko | Director, Representative | 9 out of 9 meetings | ||||
4 | Okazaki | Reelection | Executive Officer, | |||
(100%) | ||||||
(female) | President and CEO | |||||
Yoichi | Director, Executive Officer in | 8 out of 8 meetings | ||||
5 | Okazaki | Reelection | charge of machinery and | |||
(100%) | ||||||
(male) | Europe operations | |||||
6 | Akikazu Yada | Reelection | Director, Executive Officer in | 8 out of 8 meetings | ||
(male) | charge of finance, CFO | (100%) | ||||
Note: Directors Yoichi Okazaki and Akikazu Yada have attended all Board of Directors meetings held subsequent to their election at the 65th Annual General Meeting of Shareholders held on June 22, 2023.
3
【Skills required for the Board of Directors and reasons therein】
The Company's Board of Directors shall comprise members deemed suitable in light of a skill matrix to take into account the skills and experience required of Directors as well as diversity from the perspective of the Company's nine materiality issues, which are directly linked to its corporate vision "Our Value to People and the Planet" tied to contributing to a sustainable society.
Number of | ||
Skill | Reason for selection | applicable |
directors | ||
Corporate | Directors with experience and a track record in management are required | 6 |
management | to establish and implement growth strategies and realize the Group's | |
vision "Our Value to People and the Planet" amid a dramatically changing | ||
business environment as a leading packaging company. | ||
Sustainability and | Directors with knowledge about decarbonization, eco-design, diversity, | 2 |
environmental | and work-life balance as well as the ability to promote initiatives in those | |
management | areas are required to be a company that contributes to realizing a | |
sustainable society by solving ESG issues with packaging. | ||
Marketing | Keeping an ear to customers and the market, understanding the essence of | 6 |
their needs, and growing together with them is key to sustainable growth | ||
in the packaging market. Directors with such experience are required. | ||
Manufacturing and | Directors with experience promoting various innovations, solid | 3 |
development | knowledge in the fields of technology, quality, and the environment, and | |
respective experience in strategic planning are required to develop and | ||
bring to market eco-friendly products to realize a circular society. | ||
Global business | Directors with business management experience overseas and ample | 5 |
knowledge and experience regarding things like business conditions, | ||
lifestyles, and culture overseas to respond to local needs are required to | ||
accelerate global expansion and strengthen profitability. | ||
Human resource | A human resource strategy capable of maximizing the potential of every | 6 |
development | employee as they adapt to change and grow is needed to achieve | |
sustainable growth. Directors with solid knowledge in the field of human | ||
resource development, including promoting diversity, and respective | ||
understanding and experience in strategic planning are required. | ||
Financial strategy | Directors with solid knowledge in the fields of finance and accounting and | 5 |
respective experience in strategic planning are required to build a strong | ||
financial base, promote growth investments (including M&A) targeting | ||
sustainable enhancement of corporate value, and strengthen shareholder | ||
returns. | ||
Compliance, | Establishment of an appropriate governance system is the foundation for | 6 |
governance, and | sustainable enhancement of corporate value needed by society. Directors | |
risk management | with solid knowledge in the fields of corporate governance, risk | |
management, compliance, and respective experience in strategic planning | ||
are also required to enhance the effectiveness of management supervision | ||
by the Board of Directors. | ||
Digital | Directors capable of driving change leveraging data and digital technology | 2 |
transformation | are needed to create exciting new value and maintain and strengthen | |
(DX) promotion | competitiveness in the market. |
4
Name, date of birth | Brief personal history, title, responsibilities and | |||
status of important concurrent positions | ||||
1 | Career, Positions and Responsibilities | |||
Hiroumi Shioji | April 1987 | Registered as a lawyer | ||
(Born January 28, 1957) | April 1991 | Established Shioji Law Office | ||
Male | Director of Shioji Law Office | |||
June 2015 | Director of the Company (current) | |||
Reelection | January 2022 | Representative Partner of Shioji Law Office, LPC (current) | ||
Outside | ||||
Independent | Reasons for Nomination as Outside Director and Overview of Expected Roles | |||
Mr. Shioji appropriately performs his role in supervising executive functions, | ||||
Attendance at Board of | leveraging the abundant insight in general corporate legal affairs he has gained | |||
through office management and his work as a lawyer to provide useful suggestions | ||||
Directors meetings | ||||
and opinions regarding the Company's overall management. He also has experience | ||||
(9/9) (100%) | ||||
as an external director (member of an audit and supervisory committee) at another | ||||
publicly listed company. The Company requests his reelection as an outside director | ||||
with the expectation that he will continue to provide appropriate advice regarding | ||||
the Company's overall management from an independent standpoint and contribute | ||||
to strengthening corporate governance. | ||||
In the event that Mr. Shioji is selected, it is expected that he will be involved with | ||||
decisions regarding selection of candidates and compensation, etc. for Group | ||||
executives as a member of the Audit Committee, Nomination Committee and | ||||
Compensation Committee from an objective and neutral perspective. | ||||
Expected Key Skills and Experience | ||||
Corporate management, sustainability and environmental management, human | ||||
resource development, compliance, governance, and risk management | ||||
Number of Years since Appointment as an Outside Director | ||||
9 years | ||||
Significant Concurrent Posts | ||||
Representative Partner of Shioji Law Office, LPC | ||||
External Director of TACHIBANA ELETECH CO., LTD. | ||||
(member of the Audit and Supervisory Committee) | ||||
Number of the Company's Shares Owned | ||||
2,404 shares | ||||
2 | Career, Positions and Responsibilities | |||
Tatsundo Maki | April 1997 | Joined Asahi Audit Corp. (currently KPMG AZSA LLC) | ||
(Born September 14, | April 2000 | Registered as a certified public accountant | ||
April 2009 | Representative Partner of SCS Global LLC (current) | |||
1972) | ||||
June 2017 | Director of the Company (current) | |||
Male | ||||
Reelection | Reasons for Nomination as Outside Director and Overview of Expected Roles | |||
Mr. Maki appropriately performs his role in supervising executive functions, | ||||
Outside | ||||
leveraging the abundant experience and broad insight in accounting and taxation | ||||
Independent | ||||
that he has gained as a certified public accountant to provide useful suggestions and | ||||
opinions regarding the Company's overall management, particularly on business | ||||
Attendance at Board of | expansion in Asia and governance of overseas Group companies. The Company | |||
Directors meetings | requests his reelection as an outside director with the expectation that he will | |||
(9/9) (100%) | continue to provide appropriate advice regarding the Company's overall | |||
management from an independent standpoint based on his expert perspective and | ||||
contribute to strengthening corporate governance. | ||||
In the event that Mr. Maki is selected, it is expected that he will be involved with | ||||
decisions regarding selection of candidates and compensation, etc. for Group | ||||
executives as a member of the Audit Committee, Nomination Committee and | ||||
Compensation Committee from an objective and neutral perspective. | ||||
Expected Key Skills and Experience | ||||
Corporate management, global business, financial strategy, compliance, | ||||
governance, and risk management | ||||
5
Name, date of birth | Brief personal history, title, responsibilities and | |||
status of important concurrent positions | ||||
Number of Years since Appointment as an Outside Director | ||||
7 years | ||||
Significant Concurrent Posts | ||||
Representative Partner of SCS Global LLC | ||||
Director of SCS Global Consulting KK | ||||
Number of the Company's Shares Owned | ||||
- shares | ||||
3 | Career, Positions and Responsibilities | |||
Yuichi Seki | April 1978 | Joined Kobe Steel, Ltd. | ||
(Born June 28, 1953) | June 2011 | Senior Managing Director and General Manager of Technical | ||
Development Group of Kobe Steel, Ltd. | ||||
Male | ||||
June 2012 | Representative Director, Executive Vice President of OSAKA | |||
Reelection | Titanium technologies Co.,Ltd. | |||
June 2014 | Representative Director, President of OSAKA Titanium | |||
Outside | ||||
technologies Co., Ltd. | ||||
Independent | ||||
June 2019 | Director of the Company (current) | |||
June 2021 | Corporate auditor of Fuji Seal, Inc. (current) | |||
Attendance at Board of | ||||
Directors meetings | Reasons for Nomination as Outside Director and Overview of Expected Roles | |||
(9/9) (100%) | Mr. Seki appropriately performs his role in supervising executive functions, | |||
leveraging his broad insight as a supervisor of safety, disaster preparedness and | ||||
manufacturing primarily in the fields of manufacturing and development to provide | ||||
useful suggestions and opinions regarding the Company's overall management. | ||||
He also has experience as the manager of a publicly listed company. The | ||||
Company requests his reelection as an outside director with the expectation that he | ||||
will continue to provide appropriate advice regarding the Company's overall | ||||
management from an independent standpoint and contribute to strengthening | ||||
corporate governance. | ||||
In the event that Mr. Seki is selected, it is expected that he will be involved with | ||||
decisions regarding selection of candidates and compensation, etc. for Group | ||||
executives as a member of the Audit Committee, Nomination Committee and | ||||
Compensation Committee from an objective and neutral perspective. | ||||
Expected Key Skills and Experience | ||||
Corporate management, manufacturing and development, human resource | ||||
development, compliance, governance, and risk management | ||||
Number of Years since Appointment as an Outside Director | ||||
5 years | ||||
Significant Concurrent Posts | ||||
Corporate auditor of Fuji Seal, Inc. | ||||
Number of the Company's Shares Owned | ||||
- shares | ||||
4 | Career, Positions and Responsibilities | |||
Shigeko Okazaki | August 1990 | Joined the Company | ||
(Born April 5, 1957) | December 1999 General Manager, Corporate Planning Department of the | |||
Company | ||||
Female | ||||
January 2001 | General Manager, Corporate Planning Center of the Company | |||
Reelection | June 2002 | Director of the Company | ||
June 2004 | Director, Executive Officer of the Company | |||
Attendance at Board of | March 2007 | Representative Director and President of | ||
Fuji Seal Europe S.A.S. | ||||
Directors meetings | ||||
March 2008 | Director, Representative Executive Officer, President of the | |||
(9/9) (100%) | Company | |||
June 2020 | Director, Representative Executive Officer, President and CEO | |||
of the Company | ||||
June 2021 | Director, Representative Executive Officer, Chairperson and | |||
CEO of the Company |
6
Name, date of birth | Brief personal history, title, responsibilities and | |||
status of important concurrent positions | ||||
March 2023 | Director, Representative Executive Officer, President and CEO | |||
of the Company (current) | ||||
Reasons for Nomination as Director | ||||
Ms. Okazaki leverages her abundant experience and broad insight in management | ||||
overall, including management strategies, as the manager of the Group in working | ||||
to effectively strengthen the decision-making and supervisory capabilities of the | ||||
Board of Directors. | ||||
The Company requests her reelection as a director with the expectation that she | ||||
will continue to appropriately supervise overall Group management and contribute | ||||
to sustainable growth and enhancement of corporate value, with the knowledge and | ||||
capabilities required of a director of the Company gained through her experience as | ||||
a manager of the Company. | ||||
Expected Key Skills and Experience | ||||
Corporate management, marketing, human resource development, digital | ||||
transformation (DX) promotion | ||||
Significant Concurrent Posts | ||||
Representative Director and President of Soho KK | ||||
Number of the Company's Shares Owned | ||||
240,720 shares | ||||
5 | Career, Positions and Responsibilities | |||
Yoichi Okazaki | October 2012 | Joined the Company | ||
(Born July 26, 1982) | January 2017 | General Manager in charge of machinery of Pago | ||
Etikettiersysteme GmbH (currently Fuji Seal Germany GmbH) | ||||
Male | ||||
February 2019 Representative Director and President of Fuji Seal Germany | ||||
Reelection | GmbH | |||
January 2020 | General Manager, Corporate Planning Department of the | |||
Attendance at Board of | Company | |||
February 2022 | General Manager, Machinery Division of Fuji Seal, Inc. | |||
Directors meetings | ||||
June 2022 | Executive Officer of the Company | |||
(8/8) (100%) | December 2022 | Executive Officer of the Company (In charge of machinery and | ||
Europe operations) (current) | ||||
Representative Director and President of Fuji Seal B.V. | ||||
(current) | ||||
June 2023 | Director of the Company (current) | |||
Reasons for Nomination as Director | ||||
Mr. Okazaki incorporates his experience in developing Company-wide strategies | ||||
and innovation promotion into discussions of the Board of Directors to appropriately | ||||
supervise overall Group management and effectively strengthen the decision- | ||||
making and supervisory capabilities of the Board of Directors. | ||||
The Company requests his reelection as a director with the expectation that he | ||||
will continue to appropriately supervise overall Group management and contribute | ||||
to sustainable growth and enhancement of corporate value with the knowledge and | ||||
capabilities required of a director of the Company gained through his experience as | ||||
a business and regional manager. | ||||
Expected Key Skills and Experience | ||||
Corporate management, sustainability and environmental management, | ||||
manufacturing and development, global business | ||||
Significant Concurrent Posts | ||||
Representative Director and President of Fuji Seal B.V. | ||||
Number of the Company's Shares Owned | ||||
841,522 shares |
7
Name, date of birth | Brief personal history, title, responsibilities and | |||
status of important concurrent positions | ||||
6 | Career, Positions and Responsibilities | |||
Akikazu Yada | July 2018 | Joined American Fuji Seal, Inc. | ||
(Born March 25, 1963) | Representative Director and President of American Fuji Seal, | |||
Inc. | ||||
Male | ||||
Representative Director and President of American Fuji | ||||
Reelection | Technical Services, Inc. | |||
Representative Director and President of Fuji Seal Packaging de | ||||
Attendance at Board of | Mexico, S.A. de C.V. | |||
June 2019 | Executive Officer of the Company | |||
Directors meetings | ||||
December 2022 | Executive Officer of the Company in charge of finance, CFO | |||
(8/8) (100%) | (current) | |||
June 2023 | Director of the Company (current) | |||
June 2024 | Representative Director and President of Fuji Seal Packaging | |||
(Thailand) Co., Ltd. (current) | ||||
Reasons for Nomination as Director | ||||
Mr. Yada leverages his experience as a financial affairs and overseas regional | ||||
manager of the Group, in addition to abundant insight in marketing, to contribute to | ||||
the enhancement of the Company's corporate value. | ||||
The Company requests his reelection as a director with the expectation that he | ||||
will appropriately supervise overall Group management and contribute to | ||||
sustainable growth and enhancement of corporate value with the knowledge and | ||||
capabilities required of a director of the Company gained through his experience as | ||||
a financial affairs and regional manager. | ||||
Expected Key Skills and Experience | ||||
Corporate management, marketing, financial strategy, digital transformation (DX) | ||||
promotion | ||||
Significant Concurrent Posts | ||||
Representative Director and President of Fuji Seal Packaging (Thailand) Co., Ltd. | ||||
Number of the Company's Shares Owned | ||||
5,050 shares |
Notes:
- No special interest exists between the candidates and the Company.
- Selection Criteria for Directors
In the selection process for directors, the Company's Nomination Committee selects candidates based on the following Selection Criteria for Directors:
Field | Criteria |
Basic | Practices the corporate philosophy |
Proactive participation | |
Awareness of change | |
Formulation of strategy | Articulates vision |
Develops and decides on strategies | |
Ability to set goals | |
Implementation of priorities | Ability to implement and execute |
Ability to solve problems | |
Sensitivity to risk | |
Leadership | |
Leadership | Sensitivity to change |
Ambition | |
Personal character | Reputation inside the company |
Reputation outside the company | |
Earns trust | |
Experience and knowledge | Track record of developing new fields |
Performance history | |
Expert knowledge, experience |
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3. Hiroumi Shioji, Tatsundo Maki and Yuichi Seki are candidates for outside directors as provided in Article 2, Paragraph 3, item 7 of the Ordinance for Enforcement of the Companies Act. Directors Hiroumi Shioji, Tatsundo Maki, and Yuichi Seki have been designated as independent directors as stipulated in the Securities Listing Regulations of Tokyo Stock Exchange, Inc. and the Company has submitted notification of this to the exchange. If their reelection is approved, the Company intends to continue to deem them to be independent corporate officers.
- The Company has concluded liability limitation agreements to limit the liability of Hiroumi Shioji, Tatsundo Maki and Yuichi Seki to the minimum liability amount stipulated in Article 425 Paragraph 1 of the Companies Act of Japan. If their reelection is approved, the Company plans to continue the same liability limitation agreements with them again.
-
The Company has entered into a limitation of liability agreement with an insurance company which designates all directors, executive officers and those in managerial positions at the Company and all its subsidiaries as insured persons. Under this agreement, the insured person shall be charged compensation resulting from actions (including failure to act) based on the status of company executive, and shall compensate for damages incurred and legal fees, etc. As a measure to ensure the appropriateness of execution of duties by the insured person, damages to the executive who committed a criminal act such as bribery or intentionally violated a law will be exempt from the target of compensation. The Company will pay all insurance payments for this liability agreement.
When each candidate is selected and appointed, each candidate will be included as an insured person under the limitation of liability agreement. In addition, the Company plans to renew the agreement during the term with similar terms. - The Company's Nomination Committee deems the outside director candidates to be sufficiently independent for outside directors. They meet the criteria for outside directors stipulated in the Companies Act, as well as the Criteria for Independence of Outside Directors in the Selection Criteria for Directors determined by the Company's Nomination Committee.
Reference: Criteria for Independence of Outside Directors
As a criteria for independence of outside directors, the Selection Criteria for Directors stipulates that none of the following cases may apply to outside directors.
The Company has established independence standards for outside directors as shown below, and deems outside directors (including candidates) to which none of the items apply to have independence from the Company.
In these independence standards, a person performing an executive role refers to an executive director, executive officer, operating officer, or person in an equivalent role at the Company or its consolidated subsidiaries (hereinafter, "the Fuji Seal Group").
- A person who is currently performing an executive role in the Fuji Seal Group, or has performed an executive role in the Fuji Seal Group in the past, even if it was only one time
- A person whose spouse or relative within the second degree has been a director, executive officer, corporate auditor, or member of corporate management within the past five years
- A person currently performing an executive role at an important business partner whose transactions accounted for 2% or more of the consolidated net sales over the past three consecutive years of the Fuji Seal Group and/or the corporate group to which the outside director belongs
- A person who receives a significant amount*1 of compensation, aside from executive compensation, from the Fuji Seal Group as a provider of specialist services (consultant, lawyer, accountant, tax accountant, attorney, judicial scrivener, etc.)
- A person participating in a mutual dispatch of outside directors with another company*2
Notes:
- A significant amount means ¥10 million or more per year on average over the past three years for an outside director in the case of an individual, or over 2% of its consolidated net sales in the case of an organization, such as a specified corporation or association.
- A mutual dispatch of outside directors is when a person performing an executive role in the Fuji Seal Group is an outside director or an outside auditor of another company, and a person performing an executive role at that other company is an outside director at the Company.
9
Business Report
(April 1, 2023 to March 31, 2024)
1. Status of the Group
- Status of operations during the fiscal year under review
- Business conditions and results
The Fuji Seal Group has embraced the mission statement of "Each day with renewed commitment we create new value through packaging." Guided by this mission, the Group seeks to increase its corporate value by growing together with its customers, business partners and employees.
With "Our Value to People and the Planet" as our basic management policy, we strive to continue being the No. 1 global packaging company together with all our stakeholders including customers, employees, business partners, shareholders, and society.
As a result of our efforts, during the fiscal year under review, net sales at Fuji Seal International, Inc. came to ¥196,624 million (up 6.8% year on year), operating income was ¥13,309 million (up 62.4%), ordinary income totaled ¥14,732 million (up 74.8%), and net income attributable to owners of the parent was ¥10,277 million (up 49.6%).
Net sales | ||||
Up 6.8% | ||||
65th Business Year | 66th Business Year | |||
¥184.0 billion | ¥196.6 billion | |||
Ordinary income | ||||
65th Business Year | Up 74.8% | 66th Business Year | ||
¥8.4 billion | ¥14.7 billion | |||
Operating income
Up 62.4% | ||||
65th Business Year | 66th Business Year | |||
¥8.1 billion | ¥13.3 billion | |||
Net income attributable to owners of the parent
Up 49.6% | ||||
65th Business Year | 66th Business Year | |||
¥6.8 billion | ¥10.2 billion | |||
The following is a breakdown of business performance by segment. [Japan]
Sales of shrink labels increased 4.8% year on year to ¥50,223 million. Sales of self-adhesive labels decreased 8.8% to ¥8,370 million. Sales of soft pouches increased 0.9% to ¥20,565 million. Machinery sales decreased 2.7% to ¥6,648 million. Sales of other products increased 1.7% to ¥13,053 million.
As a result, total sales in Japan increased 1.8% to ¥98,861 million. On the earnings front, operating income increased 15.2% to ¥8,779 million.
[Americas]
Sales of shrink labels increased 13.1% (up 5.8% on a local currency basis) year on year to ¥47,312 million. Sales of self-adhesive labels increased 4.2% (down 2.5% on a local currency basis) to ¥1,865 million. Sales of soft pouches declined 33.3% (down 37.6% on a local currency basis) to ¥245 million. Machinery sales increased 40.7% (up 31.6 % on a local currency basis) to ¥7,331 million. Sales of other products increased 19.3% (up 11.6% on a local currency basis) to ¥1,127 million.
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Fuji Seal International Inc. published this content on 03 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2024 15:29:08 UTC.