Consolidated Financial Results for the Fiscal Year Ended March 31, 2020 (JGAAP)May 18, 2020
Stock exchange listing: Tokyo

Listed company name: Funai Electric Co., Ltd.
Securities code: 6839 URL: https://www2.funai.co.jp/
Representative: Hideaki Funakoshi, President and CEO
Inquiries:
Makoto Ueshima, Director and Officer
Telephone: +81-72-870-4395
Scheduled date of Annual General Meeting of Shareholders: June 30, 2020
Scheduled date of filing of a Securities Report: June 30, 2020
Scheduled date of Commencement of Annual Dividend Payment: ―Preparation of Financial Results Supplementation: YesFinancial Results Seminar:
Yes(Any fraction less than one million yen is rounded down to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2020 (April 1, 2019 to March 31, 2020)(1) Consolidated Operating Results(% shows year-on-year rates)

Net Sales

Operating Income (Loss)％

Million yen

88,425105,549

FY ended March 31, 2020
FY ended March 31, 2019(16.2)(18.9)％

Million yen――(1,732)
682

Net Income (Loss) Attributable
Ordinary Income (Loss)to Owners of Parent％

Million yen――(1,594)
1,392％

Million yen(2,392)
2,613――

Note: Comprehensive Income: FY ended March 31, 2020: (2,880) million yen (―%); FY ended March 31, 2019: 3,490 million yen (―%)

Net Income (Loss)
Per Share

Net Income (Loss) Per
Share on a Fully
Diluted BasisYenYenReturn on Equity

Operating Incomeon Sales

Return on Assets％％％(70.13)―(4.6)
(2.1)
(2.0)
76.59
―
5.0
1.7
0.6
Reference: Equity in earnings of affiliated companies: FY ended March 31, 2020: ― million yen; FY ended March 31, 2019: ― million yen
FY ended March 31, 2020
FY ended March 31, 2019(2) Consolidated Financial Position
Total Assets

Net Assets

Million yen

Equity Ratio

Net Assets Per Share％

Million yen

Yen

As of March 31, 2020
70,68351,18972.4
As of March 31, 201983,29354,05764.9
Reference: Shareholders’ equity: As of March 31, 2020: 51,144 million yen; As of March 31, 2019: 54,025 million yen

1,498.99
1,583.46(3) Consolidated Cash Flow
Cash Flow fromOperating Activities
FY ended March 31, 2020
FY ended March 31, 2019

Cash Flow from
Investing Activities

Cash Flow from
Financing Activities

Cash and Cash Equivalents
at the End of Period

Million yen

Million yen

Million yen

Million yen

1,653
3,507

(490)
(775)

(231)
(239)

34,57333,544

2. Dividend Information
Annual Dividend per Share
End of 1st End of 2nd End of 3rd Year-end
quarterquarterquarterYen

FY ended March 31, 2019
FY ended March 31, 2020
FY ending March 31, 2021
(Forecast)

―――

0.00
0.00
―

―

Total Dividend
PaymentYen

Yen

Million yen

0.00
0.00

0.00
0.00

――Yen

―
―Total――Payout Ratio(Consolidated)

Dividend to
Equity Ratio

％――％

―――

The forecast of dividends for the fiscal year ending March 31, 2021 remains undetermined to date due to a significant impact of thefluctuations of foreign exchange market on the consolidated net assets. We will make an announcement as soon as the disclosure of theforecast for dividends becomes possible.
2. Forecasts for the consolidated operating results for the fiscal year ending March 31, 2021 (April 1, 2020 to March 31, 2021)
Amid the novel coronavirus pandemic, human and corporate activities have been restricted to prevent the expansion of the infection,resulting in the sluggish economic activities. As we see no light for ending the pandemic, and face difficulties in reasonably calculate theimpact on our operations, we refrain from presenting the forecast of consolidated operating results for the fiscal year ending March 31, 2021.
We will make an announcement as soon as the disclosure of the forecast for the operating results becomes possible.

*Notes:(1) Changes in significant subsidiaries during the period (Changes in specified subsidiaries resulting in changes in scope ofconsolidation): None
Newly included: - (Company name)
Excluded: - (Company name)(2) Changes in accounting policies, changes in accounting estimates, and retrospective restatement
1) Changes based on revisions of accounting standard: Yes
2) Changes other than ones stated in 1) above:No3) Changes in accounting estimates:
No4) Restatement:
No
Note: For details, please refer to “3. Consolidated Financial Statements, (5) Notes to Consolidated Financial Statements (Changes inAccounting Policies) on page 14 of the attached document.
(3) Number of outstanding shares (Common stock)1) Number of outstanding shares at year end (Treasury stocks are included)
As of March 31, 2020: 36,130,796
As of March 31, 2019: 36,130,796
2) Number of treasury stocks at year end
As of March 31, 2020: 2,011,830
As of March 31, 2019: 2,011,830
3) Average number of outstanding shares
FY ended March 31, 2020: 34,118,966
FY ended March 31, 2019: 34,118,966

Reference: Non-consolidated Financial Results
Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2020 (April 1, 2019 to March 31, 2020)(1) Non-consolidated Financial Results
Net Sales(% shows year-on-year rates)

Operating Income (Loss)％

Million yen

FY ended March 31, 2020
FY ended March 31, 201973,087
97,910％Million yen(25.4)(17.9)(3,264)452――(3,158)
1,241

Yen

Million yen――％

Million yen(3,536)
970

――

Yen

――(103.64)
28.45(2) Non-consolidated Financial Position
Total Assets

Net Income％Million yen

Net Income Per Share on a Fully
Diluted BasisNet Income (Loss) PerShareFY ended March 31, 2020
FY ended March 31, 2019

Ordinary Income (Loss)

Net Assets
Million yen

Equity Ratio

Net Assets Per Share％

As of March 31, 2020
64,66948,79475.4
As of March 31, 201970,691
52,33474.0
Reference: Shareholders’ Equity: As of March 31, 2020: 48,749 million yen; As of March 31,2019: 52,302 million yen

Yen

1,428.80
1,532.96* This Financial Results report is out of scope of Financial Audit by certified public accountants or an audit firm.
*Explanation regarding the appropriate use of forecasts of operating results, and other special matters
1. Forecast of operating results and other statements concerning future performance in this material are based on information which theCompany has obtained to date and certain assumptions considered as reasonable, and are not intended to promise the achievement by theCompany of those forecast. Furthermore, the actual business results may significantly differ from the forecast depending on variousfactors. For the appropriate use of the conditions for the assumptions and the business forecast, please refer to “1. Business Performanceand Financial Position, (1) Overview of Business Performance” on page 2 of the attached document.
2. In view of preventing the spread of novel coronavirus infection, and in order to offer general investors a chance to view, the Company
will post on its website a video of the financial results briefing by the on-demand method on Monday, May 28, 2020, in lieu of thepreviously held presentation meeting for analysts and investors.