7864
FUJI SEAL INTERNATIONAL,INC.
株式会社フジシールインターナショナル
Consumer Cyclical · Packaging & Containers
Fuji Seal International, Inc. engages in planning, proposal, development, manufacturing, and sales of packaging systems. The company offers shrink sleeve labels for containers; pressure sensitive labels used in promotional and advertising campaign tools; spouted pouches; rotary machines, linear machines, hybrid steam tunnels, self-adhesive/pressure-sensitive labelers, and PSL labeling systems; and packaging services, as well as training and maintenance services, after-service support services, and remote service centers. It operates in Japan, the United States, Mexico, the United Kingdom, the Netherlands, France, Spain, Poland, Switzerland, Germany, Italy, Indonesia, Vietnam, Thailand, and India. The company was formerly known as Fuji Seal, Inc. and changed its name to Fuji Seal International, Inc. in 2004. Fuji Seal International, Inc. was founded in 1897 and is headquartered in Osaka, Japan.
Price
¥2,643
Market Cap
¥143.0B
Ent. Value
¥118.1B
Net Cash
¥24.9B
Shares Out.
54.1M
P / E
11.8×
EV / EBIT
6.3×
P / Book
0.98×
P / NCAV
2.09×
Div. Yield
2.57%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥212.3B | ¥196.6B | ¥184.0B | ¥170.3B |
| Cost of Sales | ¥167.4B | ¥160.8B | ¥154.4B | ¥139.7B |
| Gross Profit | ¥45.0B | ¥35.9B | ¥29.7B | ¥30.6B |
| SG&A | ¥26.1B | ¥22.5B | ¥21.5B | ¥20.1B |
| Operating Income | ¥18.8B | ¥13.3B | ¥8.2B | ¥10.6B |
| Non-Operating Income | ¥638M | ¥2.0B | ¥542M | ¥254M |
| Dividend Income | ¥100M | ¥82M | ¥78M | ¥70M |
| Interest Income | ¥293M | ¥352M | ¥122M | ¥24M |
| Non-Operating Expenses | ¥1.2B | ¥590M | ¥310M | ¥225M |
| Interest Expense | ¥261M | ¥382M | ¥100M | ¥72M |
| Ordinary Income | ¥18.3B | ¥14.7B | ¥8.4B | ¥10.6B |
| Pre-tax Income | ¥17.9B | ¥13.9B | ¥7.7B | ¥9.4B |
| Income Taxes | ¥5.7B | ¥3.6B | ¥864M | ¥3.3B |
| Current Tax | ¥5.5B | ¥3.7B | ¥2.6B | ¥3.2B |
| Deferred Tax | ¥167M | ¥-147M | ¥-1.7B | ¥129M |
| Net Income (owners) | ¥12.2B | ¥10.3B | ¥6.9B | ¥6.1B |
| Comprehensive Income | ¥18.8B | ¥14.6B | ¥13.0B | ¥9.2B |
| EBITDA | ¥27.7B | ¥21.8B | ¥16.0B | ¥18.7B |
| Goodwill Amort. (J-GAAP) | ¥128M | ¥87M | ¥49M | ¥44M |
| EPS | ¥224.93 | ¥187.77 | ¥125.43 | ¥111.70 |
| Shares Outstanding | 54.1M | 54.8M | 54.8M | 54.8M |
| Shares Issued (total) | 60.2M | 60.2M | 60.2M | 60.2M |
| Treasury Shares | 6.1M | 5.4M | 5.4M | 5.4M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥209.8B | ¥192.7B | ¥180.0B | ¥164.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥133.1B | ¥117.1B | ¥110.0B | ¥101.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥34.4B | ¥22.8B | ¥22.0B | ¥25.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥52.6B | ¥50.3B | ¥45.6B | ¥40.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥76.7B | ¥75.6B | ¥70.0B | ¥63.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥65.1B | ¥62.8B | ¥62.0B | ¥56.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥871M | ¥997M | ¥50M | ¥107M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥2.2B | ¥2.4B | ¥1.5B | ¥1.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥3.5B | ¥3.6B | ¥4.1B | ¥3.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥2.5B | ¥3.3B | ¥1.8B | ¥1.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥64.6B | ¥60.5B | ¥59.4B | ¥55.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥56.2B | ¥52.9B | ¥54.8B | ¥48.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥15.8B | ¥17.5B | ¥15.3B | ¥13.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥6.8B | ¥4.8B | ¥11.7B | ¥9.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥1.8B | ¥2.0B | ¥1.0B | ¥817M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥8.3B | ¥7.6B | ¥4.7B | ¥6.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥2.8B | ¥1.8B | ¥56M | ¥2.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥2.8B | ¥2.9B | ¥2.8B | ¥2.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥1.3B | ¥1.8B | ¥800M | ¥570M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥145.3B | ¥132.1B | ¥120.6B | ¥109.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥6.0B | ¥6.0B | ¥6.0B | ¥6.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥6.6B | ¥6.6B | ¥6.6B | ¥6.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥119.2B | ¥111.0B | ¥102.6B | ¥97.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-11.2B | ¥-9.6B | ¥-8.5B | ¥-8.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥24.7B | ¥18.1B | ¥13.8B | ¥7.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥120.6B | ¥114.0B | ¥106.7B | ¥101.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥9.5B | ¥6.6B | ¥11.8B | ¥11.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥24.9B | ¥16.2B | ¥10.2B | ¥14.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥68.5B | ¥56.5B | ¥50.6B | ¥46.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥1,267 | ¥1,032 | ¥924 | ¥840 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,229 | ¥2,081 | ¥1,949 | ¥1,859 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥21.3B | ¥19.9B | ¥8.3B | ¥14.0B |
| Taxes Paid | ¥-4.9B | ¥-2.3B | ¥-3.2B | ¥-3.7B |
| Interest Paid | ¥-183M | ¥-396M | ¥-104M | ¥-64M |
| Interest Received | ¥395M | ¥441M | ¥189M | ¥97M |
| D&A | ¥8.8B | ¥8.4B | ¥7.7B | ¥8.1B |
| Goodwill Amort. | ¥128M | ¥87M | ¥49M | ¥44M |
| Investing CF | ¥-12.5B | ¥-10.6B | ¥-11.0B | ¥-7.8B |
| CapEx | ¥6.6B | ¥6.1B | ¥11.2B | ¥10.7B |
| Purchase Investments | ¥-455M | ¥-120M | ¥-31M | ¥-33M |
| Proceeds from Invest. | ¥82M | — | ¥331M | ¥81M |
| Financing CF | ¥-3.4B | ¥-4.3B | ¥-5.8B | ¥-4.8B |
| Dividends Paid | ¥-4.0B | ¥-1.9B | ¥-1.9B | ¥-1.8B |
| Share Buybacks | ¥-1.9B | ¥-1.1B | ¥0M | ¥-1.0B |
| LT Debt Repaid | ¥-791M | ¥-2.9B | ¥-5.0B | ¥-1.1B |
| Free Cash Flow | ¥14.7B | ¥13.9B | ¥-2.9B | ¥3.3B |
| Net Change in Cash | ¥6.3B | ¥5.4B | ¥-6.8B | ¥2.6B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 8.8% | 8.1% | 6.0% | 5.8% |
| ROA | 6.1% | 5.5% | 4.0% | 3.7% |
| EPS | ¥224.93 | ¥187.77 | ¥125.43 | ¥111.70 |
| DPS | ¥68.00 | ¥60.00 | ¥35.00 | ¥35.00 |
| BPS | ¥2,707.95 | ¥2,435.66 | ¥2,201.40 | ¥1,999.85 |
| FCF/Share | ¥272 | ¥253 | ¥-53 | ¥61 |
| NCAV/Share | ¥1,267 | ¥1,032 | ¥924 | ¥840 |
| Payout Ratio | 30.2% | 32.0% | 27.9% | 31.3% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 13
Capital Allocation Signals 2
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-21
12:00
|
Div Increase | ¥2.5B ¥46.0/sh +21% | Fuji Seal INTERNATIONAL,INC. announced a 46 yen per-share final dividend for fiscal year ending March 31, 2026, represen… | |
|
Summary
Fuji Seal INTERNATIONAL,INC. announced a 46 yen per-share final dividend for fiscal year ending March 31, 2026, representing a 21% increase from the prior year's 38 yen. Combined with the interim dividend of 35 yen, total annual DPS reaches 81 yen, with a consolidated payout ratio of 20.9% (30.2% excluding one-time gains). The company refined its dividend policy to prioritize stable, continuous per-share dividend growth while targeting a 30% consolidated payout ratio.
Deadline: 2026-06-08
YoY: +21%
Source (JP)
2026年３月期の期末配当金につきまして１株当たり46円といたしました。これにより中間配当金（１株当たり35円）を加えました2026年３月期の年間配当金は１株当たり81円となり、連結配当性向は20.9％となります。
剰余金の配当に関するお知らせ
TDnet PDF
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|
2026-05-13
12:00
|
Div Increase | ¥46.0/sh +19% | Fujiseal INTERNATIONAL,INC. increased FY2026 March final dividend forecast by 10 yen to 46 yen per share (from 36 yen), … | |
|
Summary
Fujiseal INTERNATIONAL,INC. increased FY2026 March final dividend forecast by 10 yen to 46 yen per share (from 36 yen), raising annual dividend to 81 yen from 71 yen. The company also revised its dividend policy to smooth one-time or non-recurring earnings fluctuations while maintaining a 30% payout ratio target and pursuing stable, continuous per-share dividend growth.
Deadline: 2026-05-21
YoY: +19%
Source (JP)
2026年３月期の期末配当予想につきましては、前回予想(2026年２月12日公表)の36円から10円増配し、46円へと修正させていただきます。それにより、年間配当予想は前回予想の71円から10円増配し、81円へと修正させていただきます。
配当方針の変更および配当予想の修正（増配）に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 | 株式会社創包 | 7,803 | 14.40% |
| 2 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社（信託口）
|
6,660 | 12.30% |
| 3 | 公益財団法人フジシール財団 | 4,800 | 8.90% |
| 4 |
Japan Custody Bank
株式会社日本カストディ銀行（信託口）
|
2,997 | 5.50% |
| 5 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001（常任代理人 株式会社みずほ銀行決済営業部）
|
2,611 | 4.80% |
| 6 | 藤尾 弘子 | 1,784 | 3.30% |
| 7 | 公益財団法人Innovation of FUJI | 1,780 | 3.30% |
| 8 | RBC IST 15 PCT NON LENDING ACCOUNT - CLIENT ACCOUNT（常任代理人 シティバンク、エヌ・エイ東京支店） | 1,329 | 2.50% |
| 9 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385632（常任代理人 株式会社みずほ銀行決済営業部）
|
1,326 | 2.50% |
| 10 | BBH FOR UMB BK, NATL ASSOCIATION - GLOBAL ALPHA INTL SMALL CAP FUND LP（常任代理人 株式会社三菱UFJ銀行） | 1,192 | 2.20% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
17.8%
-2.3% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
7.3%
+0.2% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
34.6%
+2.7% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 59.7% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 式会社創包 | 11.40% | 14.70% | 14.40% -0.30% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 14.80% | 14.10% | 12.30% -1.80% | |
| 公益財団法人フジシール財団 | 8.80% | 8.80% | 8.90% +0.10% | |
| Japan Custody Bank 日本カストディ銀行 | 7.80% | 6.00% | 5.50% -0.50% | |
| State Street | 3.80% | 4.00% | 4.80% +0.80% | |
| 藤尾 弘子 | 3.30% | 3.30% | 3.30% | |
| 公益財団法人Innovation of FUJI NEW ENTRY | — | — | — | 3.30% NEW |
| JP Morgan | 3.00% | 3.10% | 2.50% -0.60% | |
| RBC IST 15 PCT NON LENDING ACCOUNT - CLIENT ACCOUNT | — | 2.40% | 2.50% +0.10% | |
| BBH FOR UMB BK, NATL ASSOCIATION - GLOBAL ALPHA INTL SMALL CAP FUND LP | — | 2.70% | 2.20% -0.50% | |
| BNY Mellon last seen 2023 | Exited Top 10 | 2.70% | — | — |
| 岡﨑 成子 last seen 2023 | Exited Top 10 | 3.30% | — | — |
| Concentration (HHI) ⓘ | 540 | 578 | 530 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥2,861M
-23% since 2023
Holdings
18
+1 new
1 exited
Trend
10 building
vs 2023
| Held Company | FY2025 ¥2,861M total | FY2023 ¥3,731M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
YAKULT HONSHA CO.,LTD.
株式会社ヤクルト本社
|
1,147 |
+101.0%
↑
402,314
|
1,927 | 200,164 | |
|
NISSIN FOODS HOLDINGS CO.,LTD.
日清食品ホールディングス株式会社
|
798 |
+207.4%
↑
261,658
|
1,032 | 85,106 | |
|
SEKI CO.,LTD.
セキ株式会社
|
200 |
NEW
New
150,000
|
— | M | |
|
House Foods Group Headquarters Co., Ltd.
ハウス食品グループ本社株式会社
|
138 |
+5.9%
↑
50,993
|
135 | 48,145 | |
|
KOBAYASHI PHARMACEUTICAL CO.,LTD.
小林製薬株式会社
|
132 |
+7.0%
↑
23,367
|
176 | 21,832 | |
|
ITO EN,LTD.
株式会社伊藤園
|
128 |
40,200
|
173 | 40,200 | |
|
Morinaga&Co.,Ltd.
森永製菓株式会社
|
96 |
+110.0%
↑
38,708
|
69 | 18,432 | |
|
Meiji Holdings Co., Ltd.
明治ホールディングス株式会社
|
82 |
+5.8%
↑
25,303
|
75 | 23,918 | |
| コカ・コーラ ボトラーズジャパンホールディングス株式会社 | 42 |
+2.9%
↑
17,337
|
24 | 16,841 | |
|
EZAKI GLICO CO.,LTD.
江崎グリコ株式会社
|
27 |
+14.5%
↑
5,890
|
17 | 5,143 | |
|
MEGMILK SNOW BRAND Co.,Ltd.
雪印メグミルク株式会社
|
25 |
+11.0%
↑
10,107
|
16 | 9,109 | |
|
ASAHI GROUP HOLDINGS,LTD.
アサヒグループホールディングス株式会社
|
24 |
+200.0%
↑
12,900
|
21 | 4,300 | |
| 株式会社伊藤園第１種優先株式 | 22 |
12,060
|
22 | 12,060 | |
|
BOURBON CORPORATION
株式会社ブルボン
|
— | — | |||
|
MANDOM CORPORATION
株式会社マンダム
|
— | — | |||
|
TAKARA HOLDINGS INC.
宝ホールディングス株式会社
|
— | — | M | ||
|
KAGOME CO.,LTD.
カゴメ株式会社
|
— | — | |||
|
Riken Vitamin Co., Ltd.
理研ビタミン株式会社
|
— | — | |||
|
Resonac Holdings Corporation
株式会社レゾナック・ホールディングス
|
— |
−100%
Exit
—
|
44 | 20,560 | |
| Portfolio total | 2,861 | 3,731 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding