Fuji Seal International, Inc. has confirmed it will record extraordinary income of around ¥4.8 billion in the third quarter of the fiscal year ending 31 March 2026, following the liquidation of its Swiss subsidiary.
The Tokyo-listed packaging group said the gain relates to the dissolution and liquidation of Fuji Seal Switzerland AG, which provided maintenance services for packaging machinery in Switzerland. As a result, the subsidiary will be removed from Fuji Seal’s consolidated accounts.
The company said the extraordinary income includes gains linked to the reversal of foreign currency translation adjustments. Fuji Seal added that the amount is broadly in line with figures already reflected in its current outlook, meaning no change to its full-year financial forecast is required.
The Swiss operation, based in St. Gallen, was wholly owned by Fuji Seal and operated as a service business supporting packaging machinery customers in the region. Plans to dissolve and liquidate the unit were first announced in 2023.
For the wider Japan packaging sector, the move highlights ongoing efforts by major suppliers to streamline overseas structures and focus resources on core markets and activities.
Editor’s note: This article is based on a stock-exchange disclosure issued by Fuji Seal International regarding the liquidation of its Swiss subsidiary.
