Management Message

In the consolidated fiscal year under review, the Japanese economy showed signs of gradual recovery, including improvements in employment and personal income, and growth in inbound demand. However, with the continued global inflation, slowdown in the Chinese economy, the impact of US trade policies, as well as heightening geopolitical risks, the future outlook remains uncertain.

 

Against this backdrop, the Matsuda Sangyo Group’s Precious Metals Business Segment advanced efforts to improve and expand production facilities within and outside Japan, and worked to secure precious metal materials, boost sales of products such as high-performance electronic materials, and expand its industrial waste treatment outsourcing business, based on a strategy of differentiating itself through its comprehensive resource recycling capability and the development of high-performance electronic materials. 

 

In addition, the Food Business Segment utilized its global procurement capabilities to source products that meet customer needs and ensure stable supplies of safe and reliable food products, with the aim of increasing sales volumes.

 

As a result of the above, for the consolidated fiscal year ended March 31, 2025, net sales were ¥468,841 million (up 30.0% year on year) and operating profit was ¥12,676 million (up 35.5% year on year). Ordinary profit was ¥13,523 million (up 28.2% year on year) and profit attributable to owners of parent was ¥9,456 million (up 29.8% year on year).

 

With the improvement in employment and income environments alongside the effects of various measures, the domestic economy is expected to continue recovering at a moderate pace. On the other hand, the heightened risk of economic downturn due to US trade policies, concerns over the outlook of the Chinese economy, and other factors are risks that put downward pressure on the economy. Along with the economic impact of geopolitical risks and rising prices, the outlook is expected to remain uncertain. 

 

Under these circumstances, we expect to see gradual improvement in the production situation alongside a recovery in demand in the electronic devices sector of the electronics industry, which is the main customer of the Precious Metals Business Segment. We will continue to correspondence to the needs of a circular society by leveraging on our comprehensive resource recycling capability, strive to increase our precious metals recycling volume and product sales volume as well as expand industrial waste treatment outsourcing.

 

In the Food Business Segment, while coping with challenges such as concerns about supply of food resources and rising logistics costs, we will further strengthen our procurement capabilities including the utilization of overseas business sites, engage in sales activities that accurately capture the needs of customers, and develop and provide products rooted in the principles of safety, reliability, and stable supply. Through these efforts, we will differentiate the Food Business Segment, expand sales volume, and secure profits.

With regard to the distribution of company profits, we have established the basic policy of meeting our shareholders’ expectations　by paying stable and sustainable dividends, while giving consideration to maintaining a balance with internal resources for growth　investment.

For the fiscal year under review, we plan to pay a year-end ordinary dividend of 40 yen per share. Combined with the interim　dividend, this brings the full-year dividend to 75 yen per share.
For the next fiscal year, we forecast a full-year dividend of 90 yen per share (interim dividend of 45 yen and year-end dividend of 45 yen). Going forward, we will continue to work toward offering comprehensive shareholder returns based on the basic policy,　while taking profit levels into account.

 

I would truly appreciate the continued support of our shareholders and investors.

 

 

March, 2025

President: Yoshiaki Matsuda