Message from the President
We have launched a five-year medium-term management plan to establish a solid foundation for sustainable growth and achieve a breakthrough beyond linear progress.
Takahito Furuya President
Record-high net sales achieved in FY2025 (57th term) amid profit decline and continued proactive investment
For the fiscal year ended June 30, 2025, consolidated net sales exceeded the initial plan, reaching a record-high of ￥57.379 billion, up 20.7% year on year.
However, ordinary income, which we consider a key indicator for strengthening earning power, totaled ￥9.389 billion, a 12.2% decrease from the previous fiscal year, while the ordinary income margin declined to 16.4%, down 6.1 percentage points.
During the year, the business environment remained challenging. In digital-related markets such as information and communications, semiconductors, and electronics—particularly in the second half—our customers, including equipment manufacturers, were affected by developments in U.S. tariff policies and trade frictions, leading to adjustments in their capital investment plans.
In the precious metal markets, ruthenium (Ru) prices rose amid increased demand, whereas iridium (Ir) prices declined due to significant changes in hydrogen demand following a slowdown in renewable energy policies across various countries.
Amid these conditions, our businesses performed resiliently.
The Fine Chemicals and Recycling segment drove consolidated results, posting higher revenue and profit thanks to a substantial increase in orders for electrode catalysts used in caustic soda production and a recovery in chemical compound orders for chemical plants.
The Thin Films segment also contributed to earnings, as orders for hard disk sputtering targets exceeded expectations amid continued robust investment in data centers.
Conversely, the Electronics segment recorded lower revenue and profit. Although orders for crucibles used in medical scintillators and optical isolators for fiber-optic communications increased, orders for iridium crucibles for smartphone SAW devices were slow to recover.
The Thermal segment also saw sluggish performance due to continued investment restraints and inventory adjustments by semiconductor and manufacturing equipment makers, delaying recovery in orders.
Nevertheless, we maintained our proactive investment stance for future growth.
Capital expenditures totaled approximately ￥4.9 billion— 2.3 times the previous year— primarily for the new Chitose Plant and core system development. Research and development expenses as well as depreciation expenses also remained at high levels.
Formulating a five-year medium-term management plan based on a long-term perspective to reinforce R&D for future growth
We have reviewed our previous three-year medium-term management plan, which covered the period from the fiscal year ending June 2025 to the fiscal year ending June 2027, and launched a new five-year medium-term management plan, “KFK Vision 2030,” starting from the fiscal year ending June 2026.
This revision reflects the rapidly increasing uncertainty in our business environment, including developments in U.S. tariff policies. Recognizing the importance of pursuing research and development for future growth from a long-term perspective—rather than being influenced by short-term performance fluctuations—we have renewed our commitment to creating steady results through consistent efforts.
KFK Vision 2030 defines three strategic focuses as its fundamental strategies for the next five years:
- Enhancement of earning power – Strengthening the foundation for stable profitability even amid uncertainty by fostering unity across the company and realizing a fast, integrated cycle of “planning.
- Creation of new growth pillars – Continuing to reinforce our existing five business pillars—Electronics, Thermal, Thin Films, Recycling, and Fine Chemicals—while exploring new growth areas and establishing additional business pillars.
- Building a sustainable growth foundation – Developing a sustainable and highly adaptive organization capable of responding flexibly to change.
For the final year of the plan, the fiscal year ending June 2030, we have set ambitious targets of ￥150 billion in net sales and ￥20 billion in ordinary income. By steadily executing initiatives under “enhancement of earning power” and “creation of new growth pillars,” we aim to achieve these goals.
In particular, the start of operations at the new Chitose Plant scheduled for 2026 and the expansion of our business development activities will accelerate value creation, especially in sensor-related fields, driving further growth and profitability.
Contributing to the advancement of the digital society and realization of a green society to shape a prosperous future
KFK Vision 2030 was announced with our sincere intention to clearly communicate our future initiatives and to deepen shareholders’ and investors’ understanding, encouraging their continued long-term support of Furuya Metal.
We at Furuya Metal possess the potential to contribute to the further advancement of the digital society and the realization of a green society, paving the way toward a more prosperous future.
Through KFK Vision 2030, we will establish a solid foundation for sustainable growth and achieve breakthrough progress beyond conventional limits, thereby maximizing this potential and enhancing both our corporate value and social value.
