Fujisash Co.,Ltd. Second Quarter (Interim) Financial Summary [Japanese GAAP] (Consolidated)

Summary of Results

Net sales for the second quarter were 48,011 million yen, remaining largely flat with a 0.5% year-on-year decline. Operating loss was 2,37 million yen, ordinary loss was 305 million yen, and interim net loss attributable to owners of parent was 340 million yen, resulting in a return to a loss position. Elevated metal and material prices pressured profitability. By segment, Building Materials recorded lower sales and profits; Extruded Products External Sales achieved higher sales and improved profitability due to expanded sales and better margins; Environment posted lower sales and profits; Logistics posted lower sales and profits. As of the interim period end, total assets were 89,145 million yen and the equity ratio was 27.9%. The full-year forecast is net sales of 103,000 million yen (YoY +1.5%), operating income of 2,000 million yen, and net income attributable to owners of parent of 1,600 million yen.

Outlook and Impact for Investors

The full-year forecast remains unchanged from the published plan. Continued high raw material and logistics costs and labor shortages are expected. Progress on large construction projects centered on Building Materials and improved profitability of externally sold products are key to earnings recovery. From a capital perspective, the slight decline in the equity ratio warrants monitoring of financial stability.