From April 1, 2012
To December 31, 2012

January 28, 2013
Funai Electric Co., Ltd.

Third Quarter (April‐December) Consolidated Financial Summary
for the Period Ending March 2013
(Million yen)Previous Year Third Quarter

Current Year Third Quarter

From April 1, 2011
to December 31, 2011

From April 1, 2012
to December 31, 2012

AmountAmount%%%Net Sales

Rate ofincrease or
decrease%%

203,482100.0

147,017100.0(27.7)

Operating Income (Loss)

2,929

1.4

(1,850)(1.3)−

Ordinary Income

1,407

0.7

142

0.1

(89.9)Net Income (Loss) before Taxes
and Other Adjustments

991

0.5

(1,277)(0.9)−

Net Income (Loss) after Tax(3,592)(1.8)(2,294)(1.6)−

Net Income (Loss) per Share(105.32)(67.24)

Notes: Includes 16 consolidated subsidiaries, 1 non‐consolidated subsidiary of equity method, 1 affiliated company ofequity method.

Member, Financial Accounting Standards Foundation

Financial Report for the 9‐Month Period ended December 31, 2012
January 28, 2013

Listed company name:

Funai Electric Co., Ltd.

Securities Code: 6839
Tokyo Stock Exchange
and Osaka Securities Exchange, First Section(URL http://www.funai.jp/ )Representative: President and CEO
Tomonori Hayashi
Inquiries: Associate Officer, Administrative Division HQ
Hisao Fuke
Scheduled date of Quarterly Report; February 6, 2013
Scheduled date of Commencement of Annual Dividend Payment; −Quarterly Financial Results Supplementation: Yes
Quarterly Financial Results Seminar: Yes

TEL: (072) 870‐4395

1. Third Quarter Consolidated Results for the Period Ending March 2013 (April 1, 2012 – December 31, 2012)(1) Operating Results (Consolidated)(% denotes year on year)
Ordinary Income
Net Income
Net Sales
Operating Income
Million yen%
Million yen %Million yen%
Million yen%(2,294)147,017(27.7)(1,850)142(89.9)−−
3rd Quarter FY2012(65.4)
203,482(11.5)(3,592)
2,929(27.6)
1,407−
3rd Quarter FY2011(Reference) Comprehensive Income 3rd Quarter FY 2012 ended December 31, 2012 834 million yen (−%)
3rd Quarter FY 2011 ended December 31, 2011 (9,347) million yen (−%)
Net Income
Per Share

Net Income Per Shareon a Fully Diluted Basis
Yen
−
−

Yen
3rd Quarter FY2012
3rd Quarter FY2011(67.24)(105.32)(2) Consolidated Financial Positionrd3 Quarter FY2012
Fiscal Year 2011
(Reference) Equity

Net Assets
Equity Ratio
Total Assets
Million yen
Million yen
179,674
123,13667.8
176,607
123,843
69.5
3rd Quarter FY 2012 ended December 31, 2012
121,857 million yen
Fiscal Year 2011 ended March 31, 2012
122,762 million yen%

2. Dividends
Dividend per Sharest

1 Quarternd

2 Quarteryen

3rd Quarteryen

Fiscal Year 2011

−

0.00

Fiscal Year 2012

−

0.00

Fiscal Year 2012
(Projection)rdYear‐Endyen

Annual
yen

yen

−

50.00

50.00

−

−

−

(Note) Revision of Annual Dividends Forecast in this 3 Quarter: No
The dividend for FY 2012 has been undecided. The company’s dividend policy of DOE is unchanged.
Because of the high impact stemmed from the recent fluctuations in exchange rates give to the consolidated
net assets, the dividend is to be disclosed at the time of disclosure has become possible to public.

3. Forecast of Consolidated Results for the Fiscal Year ending March 2013 (April 1, 2012 ‐ March 31, 2013)(% denotes year on year)
Net Income
Net Sales
Operating Income Ordinary Income
Net Income
Per Share
Million yen

Full Year

205,000%(16.7)

Million yen %(2,500)−Million yen %(4,100)−Million yen %(5,800)−Yen(169.99)(Note) Revision of Forecast of Consolidated Results for the six month period or the Full Year in this 3rd Quarter: No*Note(1) Changes in Consolidated Subsidiaries (Changes in Scope of Consolidation): No(2) Application of simplified accounting procedure and use of unique accounting procedure for preparation offinancial statements covering consolidated accounting in this 3rd quarter: Yes(3) Changes in Accounting Practices, Procedures and Presentation Methods for Consolidated Financial Results
1. Changes arising from revision of accounting standards: Yes
2. Changes arising from other factors: No
3. Changes in accounting estimates: Yes
4. Restatement: No(4) Number of Shares Outstanding (Ordinary Shares)
1. Number of shares outstanding (including treasury stock) as of December 31, 2012; 36,130,796 shares
as of March 31, 2012; 36,130,796 shares
2. Number of shares of treasury stock as of December 31, 2012; 2,011,615 shares
as of March 31, 2012; 2,011,607 shares
3. The Average number of outstanding shares on December 31, 2012; 34,119,187 shareson December 31, 2011; 34,114,194 shares* The Recording of Implementation Conditions Regarding Quarterly Review ProceduresThis quarterly financial summary does not fall within the scope of the Quarterly Review Procedures referenced in the
Financial Instruments and Exchange Act. At the time of disclosure of the quarterly financial summary, the Group was in
the process of implementing the quarterly review procedures for its quarterly financial statements.

Disclaimer;This document contains forward‐looking statements and projections regarding business performance
which are not historical facts. Please note that these statements are based on information relating to factorsthat may impact future business performance that was available for analysis at the time this document was
printed. These factors include industry trends relating to the business areas of Funai Electric Co., Ltd. or
the Funai Group, such as audio‐visual devices and information communication equipment, the economic
conditions of both domestic and international markets, and fluctuations in currency exchange rates. Actual
performance may greatly differ from projections included in this document because of the impacts ofuncertainty in such areas as the competitive conditions of the electronics industry, market trends, currency
exchange rate, introduction and success of new products, and various other global conditions that may
affect the tax system and other systems.

1. Qualitative Information Regarding Quarterly Financial Results(1) Qualitative Information Relating to Consolidated Business Performance
The first nine months of the fiscal year ending March 31, 2013, were marked by a gradual economic growth in our
mainstay U.S. market, evidenced by improvements in the housing market and employment data, as well as thebottoming out of personal consumption and the fact that the government has managed to avoid the crisis presented
by the fiscal cliff for the time being. The economic climate in Europe remained sluggish, but the euro economic
region has staved off the debt crisis for the moment, owing to the European Central Bank’s clarification of its policy
to purchase Spanish government bonds without limitation. A new administration has been decided on in China, andits economic policies appear likely to prompt a rally. Meanwhile, in Japan, during the second half of the period the
new Abe administration’s policies, including monetary easing, have prompted yen depreciation and an upswing instock prices. In the consumer electronics market, in 2012 the digital consumer electronics market has continued thedecline that has persisted since 2009. Under these difficult market conditions, demand for LCD TVs has beensluggish, while demand for smartphones and tablet devices has grown sharply, in a changing role of the productsthat are driving the market.
As a result of the above factors, the Group posted net sales of JPY 147,017 million, a 27.7% decrease compared withthe same period last year.
On the profit front, operating loss was JPY 1,850 million (operating income for the same period last year was JPY
2,929 million), ordinary income was JPY 142 million, a decrease of 89.9% year on year and a quarterly net loss of JPY
2,294 million (the quarterly net loss for the same period last year was JPY 3,592 million).
Segment conditions by location were as follows:i) JapanA reduction in printer orders prompted a major revenue falloff in information equipment. Moreover, sales ofBlu‐ray Disc recorders significantly declined year‐over‐year due to weakening demand.
Sales of LCD TVs, antennas and related devices declined year‐over‐year due to reduced demand in the wake ofJapan’s transition to digital terrestrial broadcasting.
As a result, net sales were JPY 37,890 million, a decrease of 59.8% year on year. Our segment loss (operatingloss) was JPY 559 million (the operating profit for this segment for the same period last year was JPY 5,532
million).
ii) North America
While sales of Blu‐ray Disc players increased, sales of DVD‐related equipment declined year‐over‐year due tomarket contraction. Meanwhile, sales of LCD TVs increased year‐over‐year including Mexico market due tostrong sales of competitively priced products at a major mass retailer. Additionally, the Philips branded audio
and accessories products that started selling on September 2012 contributed to the sales.
As a result, net sales amounting to JPY 105,573 million, an increase of 5.0% year on year. Our segment loss
(operating loss) was JPY 184 million (the operating loss for this segment for the same period last year was JPY
870 million).
iii) Asia
Net sales came to JPY 654 million, a decrease of 84.7% year‐on‐year. Our segment profit (operating profit) was
JPY 505 million, a decrease of 14.4% year on year.
iv) Europe
Sales of LCD TVs and DVD‐related products declined due to sluggish market conditions and tough competition.
As a result, net sales down 36.4% year on year, to JPY 2,899 million, and an segment loss (operating loss) of JPY
202 million (operating loss for the same period last year was JPY 953 million).

Sales by product segment were as follows:i) Audio‐Visual Equipment
In the audio‐visual equipment sector, the DVD‐related equipment field witnessed a decline in revenue due to
weakness in the domestic Blu‐ray Disc recorder market. Despite stability in the North American market for LCD
TVs, the LCD TV market experienced an overall decline in the wake of Japan’s transition to digital terrestrial
broadcasting. As a result, net sales of this equipment were JPY 121,037 million, a decrease of 19.9% year onyear.
ii) Information Equipment
In the information equipment sector, a decrease in printer orders resulted in net sales of JPY 7,555 million, adecrease of 70.0% year on year.

iii) Other Products
Although the Philips branded audio and accessories products started selling, sales of other products that notincluded in the above categories declined because of the decrease of sales of antennas and related devices fellin the wake of Japan’s transition to digital terrestrial broadcasting.
As a result, net sales were JPY 18,424 million, a decrease of 32.3% year‐over‐year.
(2) Qualitative Information Relating to Consolidated Financial Position
Our financial position at the end of third quarter is described below.
Total assets increased by JPY 3,067 million as compared to the end of the previous consolidated fiscal year. Thiswas mainly due to a decrease of JPY 7,565 million and JPY 3,500 million in cash and deposits, securities and anincrease of JPY 2,899 million and JPY 11,801 million in notes and accounts receivable‐trade, goods and products.
Total liabilities increased by JPY 3,774 million as compared to the end of the previous consolidated fiscal year. Thiswas mainly due to an increase of JPY 3,697 million in accounts payable – other which included in other current
liability.
Net assets fell by JPY 707 million as compared to the end of the previous consolidated fiscal year. This was mainly
due to a decrease of JPY 4,000 million in retained earnings and an increase of JPY 3,037 million in foreign currencytranslation adjustment account.
(3) Qualitative Information Relating to Consolidated Performance Forecasts:
We have not revised its consolidated operating results forecast released on November 2, 2012.
Note: Our performance forecasts include figures based on decisions according to the information available at thetime and include items that are subject to risks and uncertainties. Actual performance may vary from these
forecasts due to rapid changes in economic conditions in the United States, our primary market, and otherregions overseas, as well as rapid fluctuations in product prices and currency exchange.

2. Summary Information(1) Important changes relating to subsidiaries and affiliates during the fiscal term
Funai India Private Limited took on increased importance in the first quarter of the current fiscal term, so it has
been included within the scope of consolidation. The newly‐established Zhong Shan Funai Electron Co. has also
been included within the scope of consolidation.
The newly‐established FUNAI CMET Optical Electronics Co., Ltd. has also been included within the scope of
consolidation in the second quarter.
CMET FUNAI Optical Electronics Co., Ltd. took on increased importance in the third quarter of the current fiscal
term, so it has been included within the scope of equity method.
(2) Unique accounting procedure for preparation of consolidated financial statements for fiscal quarter
Expenses relating to taxes are calculated by applying the estimated effective tax rates on the before‐tax net profit
for the fiscal quarter, through a practical estimation of the effective tax rates that will take effect after theapplication of the tax effect accounting for before‐tax net profits of the consolidated fiscal year, including thisthird fiscal quarter.
(3) Changes arising from revision of accounting standards, Changes in accounting estimates, Restatement(Switch to the method of depreciation)
In accordance with revisions to the corporate tax code, beginning in the first quarter of the current fiscal term theCompany and its consolidated subsidiaries in Japan will switch to the method of depreciation called for in therevised tax code for tangible fixed assets acquired on or after April 1, 2012.
The resultant impact on operating loss, ordinary loss and net loss before taxes and other adjustments is minor.
(4) Other
Corrective action implemented based on the application of the Anti‐Tax Haven Law
1. We received a rectification notices from the Osaka Regional Taxation Bureau on June 28, 2005, and June 16, 2008.
The Bureau determined that our Hong Kong subsidiary does not meet the requirements for exclusion under theanti‐tax haven system and the Hong Kong subsidiary’s income for the three fiscal years ended March 31, 2002
through 2004, and the three years from March 31, 2005 through 2007, will be considered, and taxed as, ourincome. We objected to this supplementary tax assessment, and filed petitions seeking a review of the decision
with the Osaka Regional Tax Tribunal on July 25, 2006, and August 6, 2008. On July 3, 2008, and July 23, 2009, we
received written verdicts on this case from the Administrative Review Office of the Osaka Regional Taxation Bureau,
which indicated that our assertions had been dismissed. On November 16, 2006 and November 14, 2008, theCompany filed suits in the Osaka District Court to overturn the supplementary tax assessment orders, and ahearing for consolidation of those actions was filed on November 26, 2008. The court dismissed the claims of ourCompany on June 24, 2011. As the Company is unable to accept the Osaka District Court’s judgment, we filed anotice of appeal at the Osaka Superior Court on July 7, 2011. With respect to this action, on July 20, 2012, thecourt dismissed the claims of the Company. In response to this judgment, the company will promptly examine thecontents of the judgment. The Company intends to appeal this matter with the High Court.
The additional taxes of JPY 16,651 million (JPY 19,184 million including incidental taxes) and JPY 15,038 million(JPY 16,838 million including incidental taxes) include corporate, enterprise and residence taxes. In accordancewith the “Accounting Practices, Disclosure and Audit Treatment for Various Taxes” (Japanese Institute of Certified
Public Accountants, Auditing and Assurance Practice Committee, Audit Committee Report No. 63) we charged thetax assessments to income as “prior year’s taxes” in the fiscal year ended March 31, 2007, and the fiscal year
ended March 31, 2009.

2.

We received a rectification notice from the Osaka Regional Taxation Bureau on June 29, 2011. The Bureau
determined that our Hong Kong subsidiary does not meet the requirements for exclusion under the anti‐tax
haven system and the Hong Kong subsidiary’s income for the three fiscal years ended March 31, 2008 through2010, will be considered, and taxed as our income. We objected to these supplementary tax assessments, andfiled a petition with the Osaka Regional Tax Tribunal on August 25, 2011, to overturn the supplementary tax
assessment order. Thereafter, we received written verdicts on this case on July 24, 2012 indicating that ourassertions had been dismissed. We will continue to assert the validity of its arguments in the future.
The additional tax of JPY 825 million (JPY 935 million including incidental taxes) includes corporate, enterpriseand residence taxes. We charged the tax assessments to income as “prior year’s taxes” in the fiscal year ended
March 31, 2012.

3.

With regard to the actions the Company filed with the Osaka District Court on June 28, 2005, and June 16, 2008,
seeking the rescission of supplementary tax assessments, on June 24, 2011, a decision was reached in which thecourt dismissed the claims of the Company. Accordingly, the Company treated this amount as an expense during
the fiscal year under review, which is the fiscal year ended March 31, 2012 following the year to which theassessment was applied.

3. Consolidated Financial Statements(1).Consolidated Quarterly Balance Sheets(Units : Million Yen)
Fiscal year 2011
(As of March 31, 2012)

3rd Quarter FY2012(As of December 31, 2012)ASSETS;
Current Assets
Cash and deposits

68,146

60,580Notes and accounts receivable‐trade32,29635,195

Securities

4,500

1,000

Merchandise and finished goods

22,38734,188Work in process

1,570

1,310

Raw materials and supplies

10,005

8,343

Other

6,905

8,101

Allowance for doubtful accounts

(120)

(162)

145,689

148,556

Tangible fixed assets

14,785

14,650Intangible assets

4,795

3,180

11,634

13,492

Allowance for doubtful accounts

(297)

(205)

Total investments and other assets

11,336

13,28730,917

31,117

176,607

179,674

Notes and accounts payable‐trade29,62329,275

Short‐term loans payable

4,583

3,925

325

1,436

Provision

1,072

1,107

Other

14,451

18,189Total current liabilities

50,05453,934

Provision

2,108

2,048

Other

600

555

2,708

2,603

52,76356,537

Total current assets
Noncurrent assets

Investment and other assets
Other

Total noncurrent assets
TOTAL ASSETSLIABILITIES;Current Liabilities

Income taxes payableNoncurrent liabilities

Total noncurrent liabilities
TOTAL LIABILITIES(Units : Million Yen)
Fiscal year 2011
(As of March 31, 2012)

3rd Quarter FY2012(As of December 31, 2012)

NET ASSETS;
Shareholders' equity
Capital stock

31,30731,307

Capital surplus

33,27233,272Retained earnings

111,384

107,384

Treasury stock(24,341)(24,341)

Total shareholders' equity

151,623

147,623

56

113

Foreign currency translation adjestment(28,917)(25,879)

Total accumulated other comprehensive income(28,861)(25,766)

Subscription right to shares

106

118

Minority interests

974

1,161

123,843

123,136

176,607

179,674

Accumulated other comprehensive income
Valuation difference on avaiable‐for‐sale securities

Total net asset
TOTAL LIABILITIES AND NET ASSETS

(2) Consolidated Quarterly Statements of Income and Consolidated Quarterly Statement ofComprehensive Income(Consolidated Quarterly Statements of Income)(Units : Million Yen)
3rd Quarter FY2011

3rd Quarter FY2012( from April 1, 2011
to December 31, 2011 )
203,482( from April 1, 2012
to December 31, 2012)
147,017

Cost of sales

172,078

122,721

Gross profit

31,40424,295

Selling, general and administrative expenses

28,474

26,146

Operating income (loss)

2,929(1,850)Interest income

159

213

Dividends income

91

35

Foreign exchange gains

−

1,749

Other

176

265

Total non‐operating income

427

2,265

Interest expenses

106

62

Equity in losses of affiliates

32

23

Foreign exchange losses

1,601

−

Penalty

−

68

Other

208

116

1,949

271

1,407

142

Gain on disposal of noncurrent assets

6341

Gain on disposal of investment securities

0−

Total extraordinary income

6341

Loss on disposal of noncurrent assets

28

62

Impairment loss

−

1,614

Other

393

84

Total extraordinary loss

422

1,761

991

(1,277)3,496

73

Net sales

Non‐operating income

Non‐operating expenses

Total non‐operating expenses
Ordinary income
Extraordinary income

Extraordinary loss

Income (loss) before income taxes
Income taxes
Income taxes for prior periods

935

※1

922

Total income taxes

4,432

995

Income (loss) before minority interests(3,440)(2,273)152

20(3,592)(2,294)

Minority interests in income
Net income (loss)(Consolidated Quartely Statement of Comprehensive Income)Loss before minority interest adjustment(Units : Million Yen)

3rd Quarter FY2011

3rd Quarter FY2012( from April 1, 2011
to December 31, 2011 )( from April 1, 2012
to December 31, 2012)(3,440)(2,273)(628)

55(5,261)

3,053

(17)

(2)

(5,907)

3,107(9,347)834

Comprehensive income attributable to owners of paren(9,498)801

Comprehensive income attributable to minority interest

151

33

Other comprehensive Income
Valuation difference on avaiable‐for‐sale securities
Foreign currency translation adjestment
Share of other comprehensive income of associates
accounted for using equity method
Total other comprehensive Income
Comprehensive income(Breakdown)(3) Consolidated Quarterly Statements of Income
Third Quarter Consolidated Fiscal Period – Year to Date (April 1, 2012 to December 31, 2012)* 1. Supplementary tax assessment
A consolidated subsidiary, FUNAI EUROPE GmbH, is under investigation by the German tax authorities with regard totransfer pricing taxation on transactions with FUNAI ELECTRIC EUROPE Sp.z o.o., which is also a consolidated
subsidiary. During the first nine months, the Company posted a “supplementary tax assessment” based on the
anticipated additional tax amount, based on the belief that a request for correction by the German tax authorities
was increasingly likely under the transfer pricing taxation scheme.
(4) Notes for Continuing Enterprises
Not Applicable(5) Notes of remarkable changes in Shareholders Equity:
Not Applicable(6) Information by Segment[Segment Information]
Ⅰ. Third Quarter Consolidated Fiscal Period – Year to Date (April 1, 2011 to December 31, 2011)
Information Regarding Net Sales and Profit/Loss Conditions by Reporting Segment(Units: Million Yen)
Total

Adjustments Consolidated(Note 1)
(Note 2)

4,558
3203,482
220,327−(220,327)

203,482−

135,125

4,562

423,810(220,327)

203,482

590

(953)

4,299

(1,369)

2,929

Japan

N. America

Asia(2) Inter‐segment sales

94,14389,474

100,503
04,276
130,848

Total

183,618

100,503

5,532

(870)

Net Sales(1) Outside customers

Segment Income (Loss)

EuropeNote:
1. The negative JPY 1,369 million adjustment amount under segment income includes items such as the JPY 5
million relating to the cancellation of inter‐segment transactions, JPY 693 million of overall Group expenses thatare not apportioned to each reporting segment, and the JPY 681 million negative adjustment relating toinventory assets. Overall Group expenses are comprised of general administrative expenses that do not belong toa specific reporting segment.
2. Segment income has been adjusted to operating income noted on the second quarter consolidated income
statement.

Ⅱ. Third Quarter Consolidated Fiscal Period – Year to Date (April 1, 2012 to December 31, 2012)
Information Regarding Net Sales and Profit/Loss Conditions by Reporting Segment(Units: Million Yen)
Total

Adjustments Consolidated(Note 1)
(Note 2)2,899
0147,017
210,411−(210,411)

147,017−

107,214

2,899

357,428(210,411)

147,017

505

(202)

(440)

(1,410)(1,850)Japan

N. America

Asia(2) Inter‐segment sales

37,890103,851

105,5730

654
106,559

Total

141,742

105,573

(559)

(184)

Net Sales(1) Outside customers

Segment Income (Loss)

EuropeNote:
1. The negative JPY 1,410 million adjustment amount under segment loss includes items such as the JPY 13 million
relating to the cancellation of inter‐segment transactions, JPY 647 million of overall Group expenses that are notapportioned to each reporting segment, and the JPY 776 million negative adjustment relating to inventory assets.
Overall Group expenses are comprised of general administrative expenses that do not belong to a specificreporting segment.
2. Segment loss has been adjusted to operating loss noted on the second quarter consolidated income statement.

2. Information on Impairment Losses Relating to Fixed Assets and Goodwill by Reporting Segment(Impairment Losses on Fixed Assets)
During the first nine months, the Company revised its production model in line with decreasing global demand in
the Japan segment. As a result, the Company revalued its licensing of patents based on their expected future degreeof use, thereby reducing the expected amount collectible for these assets by ¥1,614 million. This impairment loss
was recorded as an extraordinary loss.

from 2012.4.1
to 2012.12.31
Page
1. Summary of 3Q (April to December) Financial Statements (Consolidated)(1) Operating Results, Financial Conditions ･････････････････････････････

1(2) Profitability and Per Share Data etc. ････････････････････････････････

1(3) Capital Expenditures, Depreciation, R&D Expenses ･･････････････････

1(4) Cash Flow ･･･････････････････････････････････････････････････････

2

2. Operating Activities (Consolidated)(1) Slaes by Equipment ･･･････････････････････････････････････････････

2(2) Sales by Area in Equipment ････････････････････････････････････････

3(3) Sales by Equipment in Areas ･･･････････････････････････････････････

3

3. Summary of 3Q (October to December) Financial Statements(Consolidated)(1) Operating Results ･･････････････････････････････････････････････････

4(2) Sales by Equipment ････････････････････････････････････････････････

4

１．Summary of 3Q (April to December) Financial Statements (Consolidated)(1) Operating Results, Financial Conditions
FY 20113Q (Apr. ‐ Dec.)

Full‐Year%%

AmountNet Sales

Change Amount

3Q (Apr. ‐ Dec.)%

Change Amount（Units : 100 million yen, %）FY 2012Full‐Year (Projections)

Change Amount%

Change

2,034

100.0

(11.5)

2,461

100.0

(16.8)

1,470

100.0

(27.7)

2,050

100.0

(16.7)

29

1.4(27.6)

4

0.2(40.2)

(18)

(1.3)

−

(25)

(1.2)

−

Operating Income (Loss)
Ordinary Income (Loss)

14

0.7

(65.4)

1

0.1(86.5)

1

0.1(89.9)

(41)

(2.0)

−

Net Loss after Tax

(35)

(1.8)

−

(46)

(1.9)

−

(22)

(1.6)

−

(58)

(2.8)

−

Total Assets

1,820

−

−

1,766

−

−

1,796

−

−

−

−

−

Net Assets

1,209

−

−

1,238

−

−

1,231

−

−

−

−

−

（※） Yen‐Dollars / Exchange rate
（Units : Yen / Dollars）
FY 2011

FY 20123Q (Apr. ‐ Dec.)
Average Rate in each Period

3Q (Apr. ‐ Dec.)

Full‐Year
78.81

78.50

Full‐Year (Projections)
78.48

80.23

(2) Profitability and Per Share Data etc.
FY 2011

FY 20123Q (Apr. ‐ Dec.)

Full‐Year

3Q (Apr. ‐ Dec.)

Full‐Year (Projections)
16.3

（％）

15.4

15.2

16.5

Operating Income Ratio （％）

1.4

0.2

(1.3)

(1.2)

Ordinary Income Ratio （％）

0.7

0.1

0.1

(2.0)

Gross Profit Ratio

Shareholders' Equity Ratio （％）

65.8

69.5

67.8

−

3,598.03

3,571.51−

Net Assets Per Share（yen）

3,513.73

Net Income Per Share（yen）(105.32)(135.69)(67.24)(169.99)

Return on Assets

（％）

(1.9)

(2.5)

(1.3)

−

Return on Shareholders' Equity （％）

(2.9)

(3.7)

(1.9)

−

(3) Capital Expenditures, Depreciation, R&D Expenses
FY 2011
Full‐Year

3Q (Apr. ‐ Dec.)
AmountChange28

Capital Expenditures

Amount(48.1)

3Q (Apr. ‐ Dec.)

Change40

AmountChangeFY 2011

Change−40

FY 20123Q (Apr. ‐ Dec.)

Full‐Year%%

AmountAmount−28(33.3)（Units : 100 million yen, %）FY 2012Full‐Year (Projections)

Change Amount

3Q (Apr. ‐ Dec.)

Full‐Year (Projections)%%

Change Amount

Change Amount

ChangeDepreciation Expenses

36

1.8

2.9

49

2.0

2.1

29

2.0

(19.4)

40

2.0(18.4)

R&D

79

3.9

(16.8)

105

4.3(18.6)

69

4.7(12.7)

103

5.0

(1.9)

−1−

(4) CashFlow（Units : 100 million yen）
FY 2011

FY 20123Q (Apr. ‐ Dec.)

Full‐Year

3Q (Apr. ‐ Dec.)

Full‐Year (Projections)

Cash flows provided by operating activities

214

164

(69)

−

Income Before Income Taxes

9

(5)

(12)

−

Depreciation Expenses

47

65

40

−

Others

158

104

(97)

−

(144)

(64)

(53)

−

Free cash flows

70

100

(122)

−

Cash flows provided by financing activities

(58)

(67)

(26)

−

(11)

2

7

−

(6)

28

(141)

−

Cash flows used in investing activities

Effect of exchange rate changes oncash and cash equivalents
Net increase in cash and cash
equivalents

2．Operating Activities (Consolidated)(1) Sales by Equipment
FY 20113Q (Apr. ‐ Dec.)

Full‐Year%%

AmountAudio Visual Equipment
DVD

Change Amount

3Q (Apr. ‐ Dec.)
Change Amount%（Units : 100 million yen, %）FY 2012Full‐Year (Projections)

Change Amount%

Change

1,511

74.2

(0.1)

1,835

74.5

(7.6)

1,211

82.3

(19.9)

1,647

80.3

(10.2)

185

9.1

(9.8)

219

8.9

(18.6)

1439.7(22.7)

140

6.8(36.1)

BD

314

15.4

27.6

380

15.4

7.6

107

7.3

(65.9)

150

7.3(60.5)LCD TV

990

48.6

(3.9)

1,209

49.1

(9.1)

934

63.5

(5.7)

1,323

64.5

9.4

Others22

1.1(29.0)

27

1.1(20.6)

27

1.8

22.7

34

1.7

25.9

Information

Equipment

251

12.4

(48.1)

300

12.2(46.8)

75

5.2(70.0)

1045.1(65.3)

Others272

13.4(10.2)

326

13.3(20.3)

184

12.5(32.3)

299

14.6

(8.3)

Total

2,034

100.0

(11.5)

2,461

100.0

(16.8)

1,470

100.0

(27.7)

2,050

100.0

(16.7)−2−

(2) Sales by Areas in Equipment

FY 20113Q (Apr. ‐ Dec.)

Full‐Year%%

AmountAudio Visual Equipment

Change Amount

3Q (Apr. ‐ Dec.)
Change Amount%（Units : 100 million yen, %）FY 2012Full‐Year (Projections)

Change Amount%

Change

1,511

74.2

(0.1)

1,835

74.5

(7.6)

1,211

82.3

(19.9)

1,647

80.3

(10.2)

1,003

49.3

(0.1)

1,222

49.7

(5.2)

978

66.5

(2.5)

1,312

64.0

7.4

Europe57

2.8(13.6)

67

2.7(19.3)

38

2.5(33.3)

36

1.8(46.3)

Asia and Others

23

1.1

(4.2)

43

1.7

13.2

60

4.1

160.9

128

6.2

197.7

Japan

428

21.0

2.4

503

20.4

(12.7)

135

9.2(68.5)

171

8.3(66.0)

251

12.4(48.1)

300

12.2(46.8)

75

5.2(70.0)

1045.1(65.3)

85

4.2(54.8)

103

4.2(51.9)

36

2.5(57.6)

55

2.7(46.6)

Europe51

2.5(61.4)

59

2.4(61.7)

8

0.6(84.3)

8

0.4(86.4)

Asia and Others

109

5.4

(27.8)

131

5.3(26.8)

31

2.1(71.6)

33

1.6(74.8)

North America

Information Equipment
North America

Japan

6

0.3

(57.1)

7

0.3(58.8)

0

0.0

−

8

0.4

14.3

Others272

13.4(10.2)

326

13.3(20.3)

184

12.5(32.3)

299

14.6

(8.3)

Total

2,034

100.0

(11.5)

2,461

100.0

(16.8)

1,470

100.0

(27.7)

2,050

100.0

(16.7)(3) Sales by Equipment in Areas

FY 20113Q (Apr. ‐ Dec.)

Full‐Year%%

AmountNorth America

Change Amount

Change Amount(11.0)

1,341

54.5

49.3

(0.1)

1,222

4.2

(54.8)

103

15

0.7

(68.8)

1,103

54.2

Audio Visual Equipment

1,003

Information Equipment

85

OthersEurope3Q (Apr. ‐ Dec.)%（Units : 100 million yen, %）FY 2012Full‐Year (Projections)

Change Amount%

Change

(3.5)

1,463

71.4

66.5

(2.5)

1,312

64.0

7.4

2.5

(57.6)

55

2.7(46.6)

51

3.5

240.0

96

4.7

500.0

(13.9)

1,065

72.5

49.6

(5.2)

978

4.2

(51.9)

36

16

0.7

(70.9)

9.1

108

5.3

(45.5)

126

5.1(47.2)

46

3.1(57.1)

46

2.3(63.5)

Audio Visual Equipment

57

2.8

(13.6)

67

2.7(19.3)

38

2.5(33.3)

36

1.8(46.3)

Information Equipment

51

2.5

(61.4)

59

2.4(61.7)

8

0.6(84.3)

8

0.4(86.4)

Others

0

0.0

−

0

0.0

−

0

0.0

−

2

0.1

−

138

6.8

(22.9)

181

7.4(18.1)

93

6.3(32.6)

169

8.2

(6.6)

Asia and Others
Audio Visual Equipment

23

1.1

(4.2)

43

1.8

13.2

60

4.1

160.9

128

6.2

197.7

Information Equipment

109

5.4

(27.8)

131

5.3(26.8)

31

2.1(71.6)

33

1.6(74.8)

OthersJapan
Audio Visual Equipment
Information Equipment
Others
Total

6

0.3

50.0

7

0.3

75.0

2

0.1

(66.7)

8

0.4

14.3

685

33.7

0.4

813

33.0

(13.7)

266

18.1(61.2)

372

18.1(54.2)

428

21.0

2.4

503

20.4

(12.7)

135

9.2(68.5)

171

8.3(66.0)

6

0.3(57.1)

7

0.3(58.8)

0

0.0

−

8

0.4

14.3

251

12.4

0.0

303

12.3

(13.2)

131

8.9(47.8)

193

9.4(36.3)

2,034

100.0

(11.5)

2,461

100.0

(16.8)

1,470

100.0

(27.7)

2,050

100.0

(16.7)−3−

3．Summary of 3Q (October to December) Financial Statements (Consolidated)(1) Operating Results（Units : 100 million yen, %）Operating Income (Loss)
Ordinary Income
Net Income (Loss) after Tax

FY 2012
3Q (Oct. ‐ Dec.)%

AmountNet Sales

FY 2011
3Q (Oct. ‐ Dec.)

Change%AmountChange628

100.0(17.2)

580

100.0

(7.6)

8

1.3

−

(3)

(0.7)

−

8

1.4

−

32

5.5

300.0

(5)

(1.0)

−

6

1.2

−

（※） Yen‐Dollars / Exchange rate
（Units : Yen / Dollars）
FY 2011

FY 2012

3Q (Oct. ‐ Dec.)

3Q (Oct. ‐ Dec.)

Average Rate in each Period

77.20

82.78

(2) Sales by Equipment（Units : 100 million yen, %）FY 2011

FY 2012

3Q (Oct. ‐ Dec.)

Audio Visual Equipment

3Q (Oct. ‐ Dec.)%

AmountChange%AmountChange

500

79.6

(1.8)

466

80.3

(6.8)

DVD

61

9.7

(14.1)

60

10.3

(1.6)

BD

94

15.0

(33.8)

50

8.6(46.8)LCD TV

334

53.2

19.3

340

58.6

1.8

Others11

1.7(31.3)

16

2.8

45.5

Information

69

11.0

(44.8)

34

5.9(50.7)

OthersEquipment

59

9.4(53.2)

80

13.8

35.6

Total

628

100.0

(17.2)

580

100.0

(7.6)

−4−

（Company）

FUNAI ELECTRIC CO., LTD.
INVESTOR / RELATIONSDEPARTMENT
7-7-1 Nakagaito Daito-city, Osaka 574-0013, JapanTEL 81-72-870-4395 ･ FAX 81-72-870-4613