7864 Q1 2027 Earnings Presentation

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© 2026 Fuji Seal International, Inc. or its affiliates (1) Highlights of FY2026 Q1 Results Net Sales 60.3 billion yen +9.8% YoY Operating Profit 6.2 billion yen ＋3.9% YoY Operating Profit Margin 10.3% -0.6pt YoY ⚫ Consolidated net sales increased 9.8% year on year, driven by Japan, the Americas, and ASEAN ⚫ Consolidated operating profit increased 3.9% year on year, supported by Japan and ASEAN ⚫ Consolidated operating profit margin was 10.3%, down 0.6 percentage points year on year, impacted by the machinery business in Europe and one-time litigation-related expenses in the Americas ⚫ While progress varied by region, consolidated results remained on track, and there is no change to the full -year forecast Impact of the Middle East situation ・ No disruptions to raw material procurement, with no immediate concerns anticipated ・ Rising raw material costs in Japan and ASEAN were largely offset by timely price revisions ・ Price revisions progressed, supported by customers’ understanding of the need to prioritize supply continuity 1. FY2026 Q1 Financial Results 4

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© 2026 Fuji Seal International, Inc. or its affiliates (2) Consolidated Net Sales and Profit Reporting periods for Q1 results Japan and Fuji Seal Packaging (Thailand) Co., Ltd. (FSPT): April-June 2026 Americas, Europe, and ASEAN (excluding FSPT): January-March 2026 Note 1. FY2026 Q1 Financial Results （100 million yen） FY2025 Q1 FY2026 Q1 Year-on-year Change FY2026 Full Year Forecast vs. Forecast (Progress Rate) Net sales 549 603 9.8% 2,286 26.4% Operating Profit 60 62 3.9% 222 28.1% Operating Profit Margin 10.9% 10.3% (△0.6pt) 9.7% (+0.6pt) Ordinary Profit 56 68 21.4% 224 30.5% Ordinary Profit Margin 10.3% 11.3% (+1.1pt) 9.8% (+1.5pt) Net Profit 43 49 14.3% 153 32.4% Net Profit Margin 7.9% 8.2% (+0.3pt) 6.7% (+1.5pt) Foreign Currency Translation Rate (Average) USD 152.55 156.96 +2.9% 150.00 +4.6% EUR 160.55 183.65 +14.4% 170.00 +8.0% 5

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© 2026 Fuji Seal International, Inc. or its affiliates 549 603 16 11 △ 11 13 5 19 480 530 580 2025年度第1四半期日本米州欧州アセアン消去為替影響額 2026年度第1四半期 (3) Net Sales by Region FY2025 Q1 Japan Americas Europe ASEAN Eliminations Foreign Impact FY2026 Q1 Increase(Decrease) Excluding Forex Impact +19 1. FY2026 Q1 Financial Results （100 million yen） FY2025 Q1 FY2026 Q1 Year-on-year change Excluding Forex Impact Change Rate of Change Japan 264 280 +16 +16 +6.1% Americas 164 181 +16 +11 +6.8% Europe 98 99 +0 △ 11 △11.7% ASEAN 46 61 +15 +13 +29.0% Eliminations △ 24 △ 18 +5 +5 ― Consolidated Net Sales 549 603 +54 +34 +6.3% 6

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© 2026 Fuji Seal International, Inc. or its affiliates (4) Net Sales by Segment by Region 1. FY2026 Q1 Financial Results FY2025 Q1 FY2026 Q1 Year-on-year change (100 million yen) Change Rate of Change Excluding Forex Impact Rate of Change Japan 264 280 +16 +6.1% － Shrink label 136 143 +6 +4.7% － PS label 19 18 △0 △4.1% － Spouted pouch 60 63 +2 +4.9% － Machinery 11 13 +1 +16.8% － Others 35 41 +5 +15.4% － Americas 164 181 +16 +9.9% +6.8% Shrink label 140 156 +16 +11.5% +8.3% PS label 6 7 +1 +16.4% +13.2% Spouted pouch 0 2 +2 +474.9% +458.8% Machinery 17 14 △ 3 △17.9% △20.2% Europe 98 99 +0 +1.0% △11.7% Shrink label 49 55 +5 +11.8% △2.3% PS label 19 19 +0 +4.7% △8.5% Machinery 29 24 △ 5 △19.2% △29.4% ASEAN 46 61 +15 +32.8% +29.0% Shrink label 25 30 +4 +19.6% +16.2% PS label 0 0 +0 +14.6% +11.4% Spouted pouch 19 25 +6 +32.6% +28.8% Machinery 0 4 +3 +431.4% +416.5% Others 0 0 +0 +78.8% +73.8% Eliminations △ 24 △ 18 +5 －－ Consolidated Net Sales 549 603 +54 +9.8% － 7

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© 2026 Fuji Seal International, Inc. or its affiliates 60 62 3 △ 3 △ 6 2 5 1 40 50 60 70 2024年度第3四半期日本米州欧州アセサン消去為替影響額 2025年度第3四半期 (5) Net Operating Profit by Region FY2025 Q1 Japan Americas Europe ASEAN Eliminations Foreign Impact FY2026 Q1 Increase(Decrease) Excluding Forex Impact +1 1. FY2026 Q1 Financial Results Inside of ( ) is operating profit margin. (100 million yen) FY2025 Q1 FY2026 Q1 Year-on-year change Excluding Forex Impact Change Rate of Change Japan 30 33 +3 +3 +10.8%(11.5%) (12.0%) Americas 22 19 △ 2 △ 3 △15.9%(13.4%) (10.5%) Europe 9 2 △ 6 △ 6 △75.5%(9.2%) (2.6%) ASEAN 3 6 +2 +2 +79.5%(7.1%) (9.9%) Eliminations △ 4 1 +5 +5 ー Consolidated Net Operating Profit 60 62 +2 +1 +2.2%(10.9%) (10.3%) 8

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© 2026 Fuji Seal International, Inc. or its affiliates (6) Non-Operating Income(Expenses), Extraordinary Income(Losses) Non-operating Income ⚫ Main increase factor: Foreign exchange gains of ¥400 million were recorded in the current period. Non-operating Expenses ⚫ Main decrease factor: Foreign exchange losses of ¥400 million was recorded in the same period of the previous year. Extraordinary Income ⚫ Main content: Gain on sale of fixed assets of ¥30 million. Extraordinary Losses ⚫ Main content: Loss on disposal of fixed assets of ¥40 million. Income Taxes ⚫ Increase in taxable income in Japan, etc. 1. FY2026 Q1 Financial Results （100 million yen） FY2025 Q1 FY2026 Q1 Year-on-year change Change Rate of Change Net sales 549 603 +54 9.8% Operating Profit 60 62 +2 3.9% Non-operating Income 1 6 +5 286.4% Non-operating Expenses 5 0 △ 4 △85.2% Ordinary Profit 56 68 +12 21.4% Extraordinary Income 0 0 +0 3469.6% Extraordinary Losses 0 0 +0 113.8% Profit Before Income Taxes 56 68 +12 21.4% Income Taxes 12 18 +5 45.8% Net Profit 43 49 +6 14.3% Foreign Exchange Rate (Average) USD 152.55 156.96 ー +2.9% EUR 160.55 183.65 ー +14.4% 9

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© 2026 Fuji Seal International, Inc. or its affiliates (7) B/S Current Assets 1,499 （+113 compared to the end of the previous period） Noncurrent Assets 932 （+58 compared to the end of the previous period） Liabilities 786 （＋138 compared to the end of the previous period） Net Assets 1,646 （+33 compared to the end of the previous period） (100 million yen) FY2026 Q1 Total Assets Liabilities and Net Assets Total Assets: 2,432 （+171 compared to the end of the previous period） 1. FY2026 Q1 Financial Results (100 million yen) End of FY2025 End of FY2026 Q1 Rate of Change Equity Ratio 71.3% 67.7% △5.1% △3.7pt Interest- bearing Debt 111 121 +10 D/E Ratio 0.07x 0.07x +0.00x Foreign Currency Translation Rate (End of Period) USD 156.56 159.88 +2.1% EUR 184.33 183.41 △0.5% 10

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© 2026 Fuji Seal International, Inc. or its affiliates FY2026 Q1 Review Price revisions announced before and after the onset of the Middle East situation both contributed to growth. Higher sales were also supported by growth in beverage pouches and the CMO business. Timely price revisions maintained OP margins at the prior-year level. Operating profit also benefited from the Yamagata plant closure, product portfolio management in PSL, and growth in CMO projects. Timely price revisions for key customers drove higher net sales. Net sales declined due to the strategic withdrawal from unprofitable products, while profitability improved. Higher sales were driven by volume growth in beverage pouches, a strategic growth product. The new Tendo plant remains on track for completion in September 2026. Sales increased, supported by machinery sales carried over from the previous fiscal year and growth in service and maintenance revenue. Higher net sales were driven by growth in high value-added CMO projects, a strategic growth business. Overall Segment Sales by Business YoY 2. FY2026 Q1 Overview by Region Sales by Business （100 million yen） Impact of the Middle East situation ・ Implemented timely price revisions in response to rising raw material prices. ・ Demand for water-based ink labels increased, partly due to concerns about solvent supply. YoY Japan Consolidated Results (100 million yen） Sales Operating profit Operating Profit Margin Shrink label PS label Spouted pouches OthersMachinery Operating profit Shrink label PS label Spouted pouches Machinery Others 264 264 280 31 30 33 11.9% 11.5% 12.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 0 50 100 150 200 250 300 FY2024 Q1 FY2025 Q1 FY2026 Q1 131 136 143 23 19 18 58 60 63 12 11 13 38 35 41 FY2024 Q1 FY2025 Q1 FY2026 Q1 Sales 12

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© 2026 Fuji Seal International, Inc. or its affiliates 101 108 115 8 14 12 7.7% 13.4% 10.5% -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% FY2024 Q1 FY2025 Q1 FY2026 Q1 Temporary production suspensions due to severe cold wave and one-time litigation- related expenses reduced earnings. Excluding these factors, operating profit remained in line with the previous year. Americas FY2026 Q1 Review Higher net sales were driven by increased orders for new projects from key customers. Higher production volumes at the North Carolina plant, where capacity was expanded in the previous year, contributed to higher net sales. Higher net sales were driven by new orders from household goods customers postponed from the previous year and increased production volumes from key customers. Adoption of Inverted Pouches expanded among new food industry customers. Further initiatives are underway to drive broader adoption across the food industry. Net sales declined year on year due to the timing of new machine sales recognition. There has been no change to the order backlog and shipment plan, and full-year results are expected to be in line with the announced forecast. Impact of the Middle East situation ・ The impact of the closure of the Strait of Hormuz was limited. ※For Americas, Q1 is from January to March. 2. FY2026 Q1 Overview by Region Consolidated Results (Millions of USD） Sales Operating profit Operating Profit Margin Sales by Business （Millions of USD） Shrink label PS label Spouted pouches Machinery (Note: Calculated by dividing Japanese yen results by the exchange rate for the applicable fiscal year) Overall Segment Sales by Business YoY YoY Sales Operating profit Shrink label PS label Spouted pouches Machinery Growth in the shrink label, PSL, and spouted pouches businesses drove higher net sales. 88 92 99 4 4 4 0 0 1 9 11 9 0 20 40 60 80 100 120 FY2024 Q1 FY2025 Q1 FY2026 Q1 13

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© 2026 Fuji Seal International, Inc. or its affiliates Europe FY2026 Q1 Review 2. FY2026 Q1 Overview by Region Consolidated Results (Millions of EUR） Sales Operating profit Operating Profit Margin Sales by Business （Millions of EUR） Shrink label PS label Machinery Impact of the Middle East situation ・ The impact of the closure of the Strait of Hormuz was limited. ※For Europe, Q1 is from January to March. Overall Segment Sales by Business YoY YoY Sales Operating profit Shrink label PS label Machinery Declined due to lower machinery sales and a higher fixed cost ratio. Cost reduction initiatives through production optimization and raw material reviews are progressing as planned. Sales declined due to a year-on-year decrease in unit sales in the machinery business and reduced demand for PSL from major customers. Remained in line with the previous year for the first quarter, while orders continued to increase. Focused on high value-added projects in the beverage, household goods, and cosmetics sectors. Lower net sales were due to reduced demand from key customers.Continued efforts to expand the customer base and optimize the product portfolio. Lower net sales were due to the timing of machinery sales recognition compared with the previous year. There has been no change to shipment plans, including machinery for the pharmaceutical industry, and full-year results are expected to be in line with the announced forecast, depending on progress going forward. (Note: Calculated by dividing Japanese yen results by the exchange rate for the applicable fiscal year) 53 61 53 2 5 1 4.2% 9.2% 2.6% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% FY2024 Q1 FY2025 Q1 FY2026 Q1 27 30 30 9 11 10 15 18 13 FY2024 Q1 FY2025 Q1 FY2026 Q1 14

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© 2026 Fuji Seal International, Inc. or its affiliates ASEAN Impact of the Middle East situation ・ In Thailand, raw material prices surged due to supply concerns, but timely price revisions were implemented. ・ Raw material prices show signs of stabilizing, but the outlook remains uncertain. ※The impact was limited in Vietnam and Indonesia, as their Q1 is from January to March. 2. FY2026 Q1 Overview by Region Consolidated Results (Millions of USD） Sales Operating profit Operating Profit Margin Sales by Business （Millions of USD） Shrink label Spouted pouches Machinery FY2026 Q1 Review Overall Segment Sales by Business YoY YoY Sales Operating profit Shrink label Spouted pouches Machinery (Note: Calculated by dividing Japanese yen results by the exchange rate for the applicable fiscal year) Profitability improved through ongoing profitability improvement initiatives. In addition, OP margins temporarily increased as the benefits of price revisions outpaced the impact of rising raw material prices. Strong sales of beverage and household goods products in shrink label and retort pouches in the spouted pouches drove higher net sales. Timely price revisions also contributed to growth. Higher net sales were driven by new orders from beverage and household goods customers. Inquiries for new applications, including functional and premium dairy products, continued to increase. Higher net sales were driven by growing demand from local customers. Sales expansion progressed in key focus areas, including the launch of mini pouch orders in a growth market and expanded sales of retort pouches. New projects for beverage and household goods customers progressed, with sales contributions expected from the second quarter onward. 16 16 19 15 12 16 1 0 2 FY2024 Q1 FY2025 Q1 FY2026 Q1 34 30 38 1 2 3 4.8% 7.1% 9.9% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 0 5 10 15 20 25 30 35 40 45 FY2024 Q1 FY2025 Q1 FY2026 Q1 15

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Company Profile Trade name Fuji Seal International, Inc. Established October 18, 1958 (Founded in 1897) *Trade name changed from Fuji Seal Co., Ltd. upon transition to a holding company on October 1, 2004 Paid-in Capital ¥5,990 million Consolidated net sales ¥217,752 million Representative Director, President and CEO Seiko Okazaki Principal Business As a holding company, formulating and promoting management strategies for the entire Fuji Seal Group, auditing Group management, and other management activities. *The Fuji Seal Group is a packaging solution company that globally provides shrink labels, self-adhesive labels, and soft pouches as integrated systems including application machinery and services. Number of Employees Company employees: 46, Consolidated Group employees: 5,670 *Number of employees indicates number of regular employees only. Part-time and contract employees are excluded. Head Office Location Osaka Head Office: 4-1-9 Miyahara, Yodogawa-ku, Osaka 532-0003 TEL: (06) 6350-1080 As of March 31, 2026

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© 2026 Fuji Seal International, Inc. or its affiliates Appendix Global Business Expansion - Creating a world where everyone can live with a smile and peace of mind through packaging - We have continued to build businesses by valuing the characteristics and culture that have developed in each market and heeding direct feedback from local customers. We have established a system for developing, selling and producing packaging solutions in order to grow the business together with many industry-leading customers. 19

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© 2026 Fuji Seal International, Inc. or its affiliates Appendix Trends in Consolidated Sales and Operating Profit Operating profit / Operating profit marginConsolidated sales OP（Left axis） OP margin （Right axis） Consolidated net sales have grown steadily following the subsidiarization of PAGO and Fuji Ace, among other factors. Profitability experienced two downturns due to the Poland factory fire and soaring raw material costs during the COVID-19 pandemic, but achieved V-shaped recoveries through profitability improvement measures from multiple angles, including price revisions, portfolio management, structural reforms, and productiv ity improvements. Growth continues from FY2023 onward. Made Pago Holding AG a subsidiary Acquired all shares of the joint venture in Thailand (Fuji Ace Co., Ltd.) and made it a subsidiary as Fuji Seal Packaging (Thailand) Co., Ltd. COVID-19 pandemic Poland factory fire (Unit: 100 million yen） (Unit: 100 million yen） 20

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© 2026 Fuji Seal International, Inc. or its affiliates Appendix Net Sales by Segment(Regions) and Products(Business) Net Sales by Products(Business)Sales by Segment(Region) (Unit: 100 million yen） In addition to Japan's growth up to fiscal year 2019, overseas regions have grown remarkably in recent years. Shrink label and spouted pouch businesses have grown steadily. In recent years, mainly overseas regions have contributed to the expansion of the machinery business. (Unit: 100 million yen） 21

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© 2026 Fuji Seal International, Inc. or its affiliates Appendix Existing Business Introduction: Shrink Label Business (Shrink Labeler) Targets ■Creating the next core business of earnings: Including new markets and regional M&A ■Expansion of overseas(Americas, Europe, ASEAN) sales ratio to 70% ■Strengthening business foundation in the Japanese market, business growth through business portfolio transformation ■Machinery + shrink label system solutions ■Global presence ■Proactive investment in growth regions and state-of-the-art production facilities ■Activation of new markets through optimization of product portfolio Japan 483 Americas 569 Europe 189 ASEAN 104 Net Sales 1,345 Net Sales by Region (FY2025) Includes inter-regional transaction amounts Unit: 100 million yen We are the first in the world to develop the shrink label. It is the only label that fits to containers in any form and is used in a wide range of products. As a global market leader and pioneer, we boast an extremely high share of the global market, thanks to our unique differentiation technologies, such as light blocking and “system sales” with machinery. Our strong points Challenges Development Production Assembly Service Japan 〇〇〇 Americas 〇〇 Europe 〇〇〇 ASEAN 〇〇 India 〇 Categories within the Machinery Business 22

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© 2026 Fuji Seal International, Inc. or its affiliates Japan 75 Americas 25 Europe 69 ASEAN 0 Appendix Net Sales 169 Our pressure sensitive labels(PSL) have established No.1 positions in various specified markets such as POP labels that improve eye catch effectiveness in stores, labels for ID printing campaigns, and labels for sealing wet wipes. QCD is our major strength, and we have earned high trust and satisfaction from major customers around the world. We are leveraging this strength to expand our business globally. Target ■Achieve the No.1 position in specific PSL markets ■Possesses QCD capabilities to serve global customers ■Creation of new business through linerless PSL*1 ■Technical capabilities (color management, linerless PSL etc) ■Reliability of high-speed PSL labelers for the pharmaceutical market (Europe, Americas, India) ※1 :PSL without liner(=release paper) Our strong points ■Improving the Profitability of Overseas Business ■Leveraging the Strengths of System Sales ■Expanding New Customers, Industries, and Regions through Alliances Challenges Existing Business Introduction: PS Label Business (PSL Labeler) Net Sales by Region (FY2025) Includes inter-regional transaction amounts Unit: 100 million yen 23

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© 2026 Fuji Seal International, Inc. or its affiliates Japan 218 Americas 5 ASEAN 83 Appendix Net Sales 306 Targets ■Creation and expansion of primary packaging*1 that is friendly to both people and the environment ■Growing spouted pouches into a second core business ■Doubling sales in FY2030 compared to FY2024 *1：The "primary packaging" that comes into direct contact with products (food, cosmetics, etc.) ■Bag-making technology for pouches with spouts ■Collaborative verification process between machinery and packaging materials ■Collaboration with contract filling partners leveraging networks ■Business growth and foundation building in anticipation of expanded supply systems through the operation of new factories in Yamagata and Plakasa ■Business development in new fields through expansion of contract filling partners (Packer strategy) ■Replacement of rigid containers utilizing environmentally friendly pouches Our strong points Challenges Existing Business Introduction: Spouted Pouch Business Spouted pouch is a flexible package bag with a spout that replaces conventional rigid containers. Compared to rigid containers, it allows for a significant reduction in the amount of plastic used, so its adoption is expanding widely. Due to growing environmental awareness, this is a business area that is expected to continue to grow significantly in the future. Net Sales by Region (FY2025) Includes inter-regional transaction amounts Unit: 100 million yen 24

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© 2026 Fuji Seal International, Inc. or its affiliates Appendix Growth Strategy FY2026 FY2030 Steadily Strengthen the Existing Businesses Units Expansion of Product Market/Target Creation of New Business Models That Will Lead to the Next Generation Business foundation Growth Strategy Sustainable Business Growth Environment IP Strategy Production Global Presence Valued Customer Human Capital Governance Financial Affairs Strength Further refining the strengths we have cultivated and our solid business foundation, we aim to achieve sustainable growth through three strategies. 25

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© 2026 Fuji Seal International, Inc. or its affiliates Growth EnablersNew Creation Japan/Americas Appendix Business Growth Vision for FY2030 Growth Drivers Structural reforms Foundation Strengthening Spouted Pouches PSL Growth Potential Our Main Market Share New businesses CMO Japan Americas/ASEAN Japan/Europe India Shrink Sleeve Labels Japan/Europe Americas/ASEAN Americas/ASEAN Japan/Europe India Machinery Japan/Americas/ ASEAN Europe FY2030 FY2025 Bubble Size: Sales Scale 26

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© 2026 Fuji Seal International, Inc. or its affiliates 212.3 217.7 228.5 Appendix Roadmap to FY2030 Net sales (billion yen) OP Margin Phase 1 2-year results Building a Profit Base Accelerating Sales Growth Past Two-Year Results 2024-2025 2026-2027 2028-2030 ⚫ Portfolio optimization through exit from unprofitable businesses ⚫ Steady improvement in profit margins and enhanced cash generation capability ⚫ Establishing a solid business foundation for CMO, aPT, and Deep IS businesses ⚫ Achieve double-digit operating profit margin ⚫ Implementing investments to improve profitability ⚫ Enhance portfolio management ⚫ Prepare for expansion into new markets and businesses (CMO, aPT, Deep IS and others) OP Margin FY2024 Actual FY2025 Actual FY2026 Forecast 2027 2028 2029 2030 8.9% 9.4% 9.7% Net Sales Fiscal Year FY2030 Targets Net Sales Operating Profit Margin 350 billion yen Double-digit % Expand key growth drivers Expand new market (India, etc.) Growth acceleration through profit reinvestment Monetization of new businesses (aPT, Deep IS, etc.) 27

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© 2026 Fuji Seal International, Inc. or its affiliates 1,000 1,500 2,000 2,500 3,000 3,500 2021/4/1 2022/4/1 2023/4/1 2024/4/1 2025/4/1 2026/4/1 Appendix Shareholder Return Results Shareholder returns Stock Price Trends / Acquisition of Treasury Stock 35 35 60 68 81 31.3% 27.9% 32.0% 30.2% 30.2% 48.0% 42.9% 46.1% 34.9% FY21 FY22 FY23 FY24 FY25 DPS(Yen) Dividend Payout Ratio Total Payout Ratio Treasury stock acquisition period Resolved in November 2021 Approximately ¥2.0 billion Resolved in August 2024 Approximately ¥3.0 billion FY21 FY22 FY23 FY24 FY25 Figures excluding one-time impact from liquidation of Swiss subsidiary Stock price 28

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© 2026 Fuji Seal International, Inc. or its affiliates Our Vision - To Be - Our Value to People and the Planet Sustainable and profitable growth in the packaging industry Generate "Waku-Waku" - No growth without "Waku-Waku" - Our proactive impact to realize the Regenerative Society 29

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© 2026 Fuji Seal International, Inc. or its affiliates Cautionary Statement This report is intended to provide a better understanding of the Fuji Seal Group and is not intended as a recommendation for investment. This report includes earnings forecasts and business plans, which are based on certain assumptions in the economic environment and business policies at the time of preparing these materials. Please be advised that actual results may differ from these forecasts. 30

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