FUJIKURA KASEI CO.,LTD. [4620.T]
TOKYO, May 14 (Pulse News Wire) – Fujikura Kasei CO.,LTD. (4620.T) postponed the release of its 12th medium-term business plan due to uncertainties surrounding oil chemical products amid deteriorating Middle East conditions.
The company previously aimed to launch the plan for fiscal year 2026 but now plans to publish it once there is clearer visibility on external factors impacting operations. In reviewing its 11th medium-term business plan covering fiscal years 2023 through 2025, Fujikura Kasei noted mixed results. While the group achieved some milestones such as launching differentiated resin-based products and enhancing sustainability efforts, challenges remained, particularly around absorbing raw material price hikes and expanding market share.
Operating profit for fiscal 2023 was ¥1.299 billion, rising slightly to ¥1.306 billion in fiscal 2024, while revenue stood at ¥55.528 billion in fiscal 2023 and ¥55.636 billion in fiscal 2024. Despite these achievements, the company acknowledged ongoing issues affecting profitability and growth drivers, which will carry over into the next business cycle. With increased risks related to procurement and pricing of oil chemicals, Fujikura Kasei decided to delay releasing its detailed performance targets until a more stable outlook emerges.
The company emphasized the importance of understanding stakeholder concerns during this period of uncertainty and committed to providing updates promptly upon achieving clarity on future business conditions.
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