From April 1, 2011
To December 31, 2011

January 30, 2012
Funai Electric Co., Ltd.

Third Quarter (April-December) Consolidated Financial Summary
for the Period Ending March 2012
(Million yen)Previous Year Third Quarter

Current Year Third Quarter

From April 1, 2010
to December 31, 2010

From April 1, 2011
to December 31, 2011

AmountAmount%Rate ofincrease or
decrease

%

%

%

%

230,024100.0

203,482

100.0

△11.5

Operating Income

4,043

1.8

2,929

1.4

△27.6

Ordinary Income

4,066

1.8

1,407

0.7

△65.4

Net Incom before Taxes andOther Adjustments

4,221

1.8

991

0.5

△76.5

Net Income/Loss after Tax *

2,189

1.0

△2,657△1.3−

Net Income/Loss after Tax **

2,189

1.0

△3,592△1.8−

Net Sales

Net Income/Loss per Share

64.21△105.32

Notes: Includes 13 consolidated subsidiaries, 1 non-consolidated subsidiary accounted for by the equity method.
*For the purpose of comparison the Net Income / Loss after Tax before the deduction of Income taxes for 935 million
yen for prior periods is recorded.
**Supplementary tax assessment based on rectification notice to Funai Electric Co., Ltd. for anti-tax haven system
in HK for 935 million yen for the period of March 2008 to March 2010 was posted as a cost of income taxes for priorperiods in First Quarter consolidated income statement of FY2011.

Member, Financial Accounting Standards Foundation

Financial Report for the 9-Month Period ended December 31, 2011
January 30, 2012

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 HQ
Hisao Fuke
TEL: (072) 870-4395
Scheduled date of Securities Report to be filed to the Kinki Finance Bureau; February 3, 2012
Scheduled date of Commencement of Annual Dividend Payment; −Quarterly Financial Results Supplementation: Yes
Quarterly Financial Results Seminar: Yes
1. Third Quarter Consolidated Results for the Period Ending March 2012 (April 1, 2011 – December 31, 2011)(1) Operating Results (Consolidated)(% denotes year on year)
Ordinary Income
Net Income
Net Sales
Operating Income
Million yen%

rdMillion yen%

Million yen

Net Income
Per Share
Yen

Yen

−
63.87

(2) Consolidated Financial Position
Total Assets

Net Assets

Million yen(Reference)

Shareholders’ Equity Ratio

Million yen

182,058
120,970
193,910131,228rd
3 Quarter FY 2011 ended December 31, 2011
Fiscal Year 2010 ended March 31, 2011

Shareholders’ Equity%

Net Income Per Shareon a Fully Diluted Basis△ 105.32
64.21

3rd Quarter FY2011
Fiscal Year 2010

Million yen△3,592
−
△65.4
2,189
△76.1
△66.2
△9,347 million yen (−%)
△8,506 million yen (−%)

2,929
1,407
△11.5
△27.6
4,043
4,066
△7.3
△65.0
rd
3 Quarter FY 2011 ended December 31, 2011
3rd Quarter FY 2010 ended December 31, 2010

203,482
230,024(Reference) Comprehensive Income

3 Quarter FY2011
3rd Quarter FY2010

3rd Quarter FY2011
3rd Quarter FY2010

%

%

65.8
67.1
119,870 million yen
130,088 million yen

2. Dividends
Dividend per Sharestnd

1 Quarter

3rd Quarter2 Quarter

yen

yen

Fiscal Year 2010

−

0.00

Fiscal Year 2011
Fiscal Year 2011
(Projection)

−

0.00

Year-Endyen

Annual
yen

yen

−

40.00

40.00

−

40.00

40.00

rd

(Note) Revision of Annual Dividends Forecast in this 3 Quarter: No

3 Forecast of Consolidated Results for the Fiscal Year ending March 2012 (April 1, 2011 - March 31, 2012)(% denotes year on year)

Net Sales
Million yen

Full Year

Operating Income%

265,000 △10.4

Million yen

3,200

%

314.4

(Note) Revision of Forecast of Consolidated Results in this 3rd Quarter: No

Ordinary Income
Million yen

1,500

%

16.2

Net Income
Million yen%△2,800−Net Income
Per Share
Yen△82.08

4 Other Information(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 Results①Changes arising from revision of accounting standards: No②Changes arising from other factors: No③Changes in accounting estimates: No④Restatement: No(4) Number of Shares Outstanding (Ordinary Shares)①Number of shares outstanding (including treasury stock) as of December 31, 2011; 36,126,596 shares
as of March 31, 2011; 36,123,596 shares②Number of shares of treasury stock as of December 31, 2011; 2,011,607 shares
as of March 31, 2011; 2,011,607 shares③The Average number of outstanding shares on December 31, 2011; 34,114,194 shareson December 31, 2010; 34,096,525 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, theGroup was in the process of implementing the quarterly review procedures for its quarterly financial statements.

Disclaimer;
Please refer to the “Funai Reports Revised Forecast of Consolidated Operating Results” published on
October 28, 2011 for information regarding earnings forecasts.
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.

1. Qualitative Information Regarding Quarterly Financial Results(1) Qualitative Information Relating to Consolidated Business Performance
During the first nine months (April to December) of the consolidated fiscal year, the United States market—one of
Funai Electric’s key markets—was severely affected by sluggish housing markets and continued high rates of
unemployment. In the latter half of the term, however, the job situation showed signs of improving slightly, centeredon the private sector. Year-end sales were also favorable, chiefly for low-priced products. The outlook for both theUnited States and the world economy remains uncertain, however, owing to confusion surrounding the debt crisis in
Europe.
In the consumer electronics industry, demand for LCD televisions (one of Funai Electric’s main product lines)
continues to grow substantially in emerging markets. In Japan, however, demand fell year on year, reflecting theresults of the home electronics eco-point system in the preceding year. Furthermore, demand continued to level off in
Europe and the United States, and commoditization had an increasingly notable effect on price movements.
As a result of the above factors, the Group posted net sales of JPY 203,482 million, a 11.5% decrease compared withthe same period last year.
On the profit front, operating income was JPY 2,929 million, down 27.6% year on year; ordinary income was JPY
1,407 million, down 65.4% year on year; and a quarterly net loss of JPY 3,592 million (the quarterly net income forthe same period last year was JPY 2,189 million).
Segment conditions by location were as follows:i) Japan
Sales of Blu-ray Disc recorders increased, but reduced orders for printers prompted a major falloff in revenue
from sales of information equipment. Also, sales of LCD televisions and antennas and related devices declined,
owing to the falloff in the wake of the home electronics eco-point system and completion of the transition todigital terrestrial broadcasting. As a result, net sales were JPY 94,143 million, a 21.7% decrease compared withthe same period last year. Our operating profit (segment profit) was JPY 5,532 million, down 20.4% year onyear.
ii) North America
Revenues from sales of our mainstay LCD televisions increased, owing to favorable results from key customers
during year-end sales. Meanwhile, owing to this factor and the growing prevalence of Internet-based content
distribution through video on demand (VOD), which caused demand for DVD and Blu-ray Disc players to
decline, net sales declined 2.7% year on year, to JPY 100,503 million. Our operating loss (segment loss) was
JPY 870 million (the operating loss for this segment for the same period last year was JPY 4,103 million).
iii) Asia
Net sales were JPY 4,276 million, an increase of 177.6% year on year. Our operating profit (segment profit) was
JPY 590 million, down 75.5% year on year.
iv) Europe
Sales of DVD-related equipment increased, but revenues decreased due to the effects of the weak market for
LCD TVs, with net sales down 7.4% year on year, to JPY 4,558 million, and an operating loss (segment loss) of
JPY 953 million (operating loss for the same period last year was JPY 907 million).
Sales by Product Segment were as follows:i) Audio-Visual Equipment
In audiovisual equipment, although product prices on LCD televisions fell, sales of unit products were favorable.
Nevertheless, revenues dropped as a result of declines in sales of units incorporating DVD players. In the
category of DVD-related products, sales of Blu-ray Disc recorders contributed to higher revenues, althoughsales of DVD players and Blu-ray Disc players decreased. As a result, net sales of this equipment were JPY
151,090 million, a decrease of 0.1% year on year.
ii) Information Equipment
In the information equipment sector, decreases in orders for printers resulted in net sales of this equipment were
JPY 25,184 million, a decrease of 48.1% year on year.
iii) Others Products
Sales of other products that are not included in the above categories amounted to JPY 27,207 million, a decreaseof 10.2% year on year, as sales of antennas and related devices fell, reflecting the conclusion of the transition todigital terrestrial broadcasting.

(2) Qualitative Information Relating to Consolidated Financial Position
Our financial position at the end of first quarter is described below.
Total assets decreased by JPY 11,852 million as compared to the end of the previous consolidated fiscal year. Thiswas mainly due to a decrease of JPY 4,332 million and JPY 8,985 million for merchandise and finished goods, raw

materials and inventories, respectively.
Total liabilities decreased by JPY 1,594 million as compared to the end of the previous consolidated fiscal year.
This was mainly due to an increase of JPY 4,895 million in notes and accounts payables, and a decrease of JPY
4,867 million and JPY 1,670 million for short-term loans payable and income taxes payable.
Net assets fell by JPY 10,257 million as compared to the end of the previous consolidated fiscal year. This was
mainly due to a decrease of JPY 4,318 million and JPY 5,278 million in the retained earnings and foreign currencytranslation adjustment account.
(3) Qualitative Information Relating to Consolidated Performance Forecasts:
Funai Electric Co., Ltd. has not revised its consolidated operating results forecast released on October 28, 2011.
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.

2. Summary Information(1) Important changes relating to subsidiaries and affiliates during the fiscal term (changes involving specificsubsidiaries that resulted in changes to the scope of consolidated accounting)
There are no relevant changes.
(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 the application of
the tax effect accounting for before-tax net profits of the consolidated fiscal year, including this third quarter.
(3) Changes arising from revision of accounting standards, Changes in accounting estimates, Restatement
There are no relevant changes.
(4) Additional information(Adoption of accounting standards related to accounting changes or correction of errors)
As of the accounting changes or correction of errors made since the beginning of the first quarter of the consolidated
fiscal year under review, the Group has adopted the Accounting Standard for Accounting Changes and Error
Corrections (Statement No. 24 of the Accounting Standard Board of Japan dated December 4, 2009) and thecorresponding Implementation Guidance (Implementation Guidance No. 24 dated December 4, 2009).
(Impact of Such Factors as Changes in the Corporate Tax Rate)
The Law to Revise Income Tax, etc., in Order to Construct a Tax System Addressing Changes in the Socio-Economic
Structure (Law No. 114 of 2011) and the Special Measures Law Related to Securing Funding Necessary to
Implement Measures for Recovery from the Great East Japan Earthquake (Law No. 117 of 2011) were promulgatedon December 2, 2011, going into effect for consolidated fiscal years beginning on or after April 1, 2012, and having
the effect of reducing the corporate tax rate and imposing a recovery special corporation tax. As a result, the statutory
effective tax rate used to calculate deferred tax assets and deferred tax liabilities was temporarily reduced from theprevious 40.70% to 38.01% from the consolidated fiscal year beginning April 1, 2012, to the consolidated fiscal year
beginning April 1, 2014. Furthermore, owing to additional eliminations beginning with the consolidated fiscal year
commencing on April 1, 2015, a temporary reduction to 35.64% is anticipated. As a result of this change in the tax
rate, the amount of deferred tax assets (the amount remaining after deducting deferred tax liabilities) decreased
JPY463 million, while deferred income taxes rose JPY458 million.
Furthermore, the system of carrying forward losses has changed, owing to a limit corresponding to an amountequivalent to 80 out of 100 on the amount of earnings before carry-forwards for consolidated fiscal years beginningon or after April 1, 2012. Accordingly, deferred tax assets decreased by JPY344 million and deferred income taxes
increased by JPY344 million.
(5) Other
Corrective action implemented based on the application of the Anti-Tax Haven Law
1. On June 28, 2005 and June 16, 2008 we received a notice from the Osaka Regional Taxation Bureau regarding theimplementation of corrective action. This notice indicated a decision regarding our subsidiary in Hong Kong,suggesting that it did not satisfy the conditions for exclusion from application of the Anti-Tax Haven Law.
The notification furthermore indicated that the Osaka Regional Taxation Bureau decided to incorporate the income
generated by our subsidiary in Hong Kong into the income of our company for the duration of three years, from April
1, 2001, to March 31, 2004, from April 1, 2004, to March 31, 2007,or taxation purposes.
Because the Company objected to this corrective action, we applied for assessments by the Administrative Review
Office of the Osaka Regional Taxation Bureau on July 25, 2006 and again on August 6, 2008. Thereafter, we received
written verdicts on this case on July 3, 2008, and again on July 23, 2009, indicating that our assertions had been
dismissed. We filed an appeal to have the action cancelled with the Osaka District Court on November 16, 2006 andagain on November 14, 2008, and a hearing for consolidation of those actions was filed on November 26, 2008. The

court dismissed the claims of our Company on June 24, 2011. Thereafter, as the Company is unable to accept the
Osaka District Court’s judgment, we filed a notice of appeal at the Osaka Superior Court on July 7, 2011.
The additional tax amounts to JPY 16,651 million (JPY 19,184 million including incidental taxes) and JPY 15,038
million (JPY16,838 million including incidental taxes), including corporate, residential, and business taxes. We
processed these amounts in the fiscal term ending March 2007 as “retroactive corporate taxes,” since the accounting
procedures relating to additional tax amounts have been clarified through the amendment of the “Handling of Audits
Relating to Accounting Procedures and Disclosures for Taxes” (Report No. 63 of the Auditing and Guaranteeing
Work Committee of the Japanese Institute of Certified Public Accountants) on March 8, 2007.
2. On June 29, 2011 we received a notice from the Osaka Regional Taxation Bureau indicating their decision toincorporate the income generated by our subsidiary in Hong Kong into the income of our company for the duration of
three years, from April 1, 2007, to March 31, 2010, for taxation purposes.
Because the Company objected to this corrective action, we applied for assessments by the Administrative Review
Office of the Osaka Regional Taxation Bureau on August 25, 2011.
The additional tax, including corporate, residential, and business taxes, amounts to JPY 825 million (JPY 935 million
including incidental taxes). This amount has been processed as expenses under the category of “income taxes forprior periods” in this first fiscal quarter of the consolidated fiscal term.

3. Consolidated Financial Statements(1).Consolidated Quartery Balance Sheets(Mil. Yen)
Fiscal year 2010
(As of March 31, 2011)

3rd Quarter FY2011(As of December 31, 2011)ASSETS;
Current Assets
Cash and deposits

70,076

76,585

Notes and accounts receivable-trade

36,36737,396Merchandise and finished goods

23,565

19,232Work in process

1,795

1,661

Raw materials and supplies

18,477

9,492

Other

8,678

6,089

Allowance for doubtful accounts

△ 139

△ 206

Total current assets

158,820150,251

Tangible fixed assets

16,29014,715Intangible fixed assets

3,720

5,167

Other

15,432

12,214

Allowance for doubtful accounts

△ 352

△ 291

Total investments and other assets

15,07911,92335,08931,806

193,910

182,058

Notes and accounts payable-trade28,93833,834

Short-term loans payable

10,096

5,229

Income taxes payable

2,071

401

Provision

1,727

1,092

Other

16,09017,622

Total current liabilities

58,92658,18033−

Provision

2,392

2,142

Other

1,329

763

Total noncurrent liabilities

3,755

2,906

62,681

61,087

Noncurrent assets

Investment and other assets

Total noncurrent assets
TOTAL ASSETSLIABILITIES;Current Liabilities

Noncurrent liabilities
Long-term loans payable

TOTAL LIABILITIES(Mil. Yen)
Fiscal year 2010
(As of March 31, 2011)

3rd Quarter FY2011(As of December 31, 2011)

NET ASSETS;
Shareholders' equity
Capital stock

31,30031,303

Capital surplus

33,26533,268Retained earnings

116,738

112,420

Treasury stock△ 24,341△ 24,341

156,962

152,650612△ 15

Foreign currency translation adjestment△ 27,486△ 32,764

Total accumulated other comprehensive income△ 26,874△ 32,780

87

103

Minority interests

1,052

996

Total net asset

131,228

120,970

193,910

182,058

Total shareholders' equity

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

Stock acquisition rights

TOTAL LIABILITIES AND NET ASSETS

(2). Consolidated Quartely Statements of Income and Consolidated Quartely Statement of Comprehensive
Income(Mil. Yen)
3rd Quarter FY2010

3rd Quarter FY2011( from April 1, 2010
to December 31, 2010 )( from April 1, 2011
to December 31, 2011 )Net sales

230,024

203,482

Cost of sales

195,619

172,078

Gross profit

34,40531,404

Selling, general and administrative expenses

30,361

28,474

Operating income

4,043

2,929

Interest income

315

159

Dividends income26

91

Equity in earnings of affiliates

13

−

Other

183

176

Total non-operating income

539

427

Interest expenses

82

106

Equity in losses of affiliates−

32

Foreign exchange losses

347

1,601

Other

87

208

Total non-operating expenses

516

1,949

4,066

1,407

1

6

Gain on sales of investment securities

282

0

Other

25

−

Total extraordinary income

310

6Loss on disposal of noncurrent assets

20

28

Loss on sales of investment securities−

313

Liquidation loss on affiliated company

88

−

Other

45

79

Total extraordinary loss

155

422

Income before income taxes

4,221

991

Income taxes

1,778

3,496

−

935

Total income taxes

1,778

4,432

Income / loss before minority interests

2,443△ 3,440

253

152

2,189

△ 3,592

Non-operating income

Non-operating expenses

Ordinary income
Extraordinary income
Gain on sales of noncurrent assets

Extraordinary loss

Income taxes for prior periods

Minority interests in income
Net income / loss(Consolidated Quartely Statement of Comprehensive Income)(Mil. Yen)

3rd Quarter FY2010

3rd Quarter FY2011( from April 1, 2010
to December 31, 2010 )( from April 1, 2011
to December 31, 2011 )2,443△ 3,440

230

△ 628

△ 11,280△ 5,261100△ 17

Total other comprehensive income△ 10,949△ 5,907

Comprehensive income△ 8,506△ 9,347

Comprehensive income attributable to owners of pare

△ 8,734△ 9,498

Comprehensive income attributable to minority inter

227

151

Income / loss before minority interest adjustment
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(Breakdown)(3) Notes for Continuing Enterprises
Not Applicable(4) Information by Segment[Segment Information]
Ⅰ. Third Quarter Consolidated Fiscal Period – Year to Date (April 1, 2010 to December 31, 2010)
Information Regarding Net Sales and Profit/Loss Conditions by Reporting Segment(Units: Million Yen)Japan

N. America

Asia

EuropeTotal

Elimination Consolidated(1) Outside customers

120,271

103,286

1,540

4,925

230,024−(2) Inter-segment sales

110,5843

164,2994

274,891(274,891)

−

Total

230,855

103,289

165,8394,929

504,915(274,891)

230,024

6,952△4,103

2,408

△907

4,349

(305)

4,043

Net Sales

Segment

IncomeandLoss(△)

230,024

Note: 1. The negative JPY△305 million adjustment amount under segment income includes items such as the
JPY11 million relating to the cancellation of inter-segment transactions, JPY△745 million of overall
Group expenses that are not apportioned to each reporting segment, and the JPY428 million negative
adjustment relating to inventory assets. Overall Group expenses are comprised of general administrative
expenses that do not belong to a specific reporting segment.
2. Segment income has been adjusted to operating income noted on the first quarter consolidated income
statement.
Ⅱ. 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)Japan

N. America

Asia

EuropeTotal

Elimination Consolidated(1) Outside customers

94,143

100,503

4,276

4,558

203,482−(2) Inter-segment sales

89,4740130,8483

220,327(220,327)

−

Total

183,618

100,503

135,125

4,562

423,810(220,327)

203,482

5,532

△870

590

△953

4,299

(1,369)2,929

Net Sales

Segment

IncomeandLoss(△)

203,482

Note: 1. The negative JPY△1,369 million adjustment amount under segment income includes items such as the
JPY5 million relating to the cancellation of inter-segment transactions, JPY△693 million of overall
Group expenses that are not apportioned to each reporting segment, and the JPY△681 million negative
adjustment relating to inventory assets. Overall Group expenses are comprised of general administrative
expenses that do not belong to a specific reporting segment.
2. Segment income has been adjusted to operating income noted on the first quarter consolidated income
statement.

(5) Notes of remarkable changes in Shareholders Equity:
Not Applicable(6) Important Subsequent Event
Not Applicablefrom 2011.4.1
to 2011.12.31頁
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（Units : 100 million yen, %）FY 2011Full-Year (Projection)

FY 2010
3Q
Amount3Q

Full-Year%%

Change Amount

Change Amount%

Change Amount%

Change2,300

100.0 △ 7.3

2,959

100.0 △ 6.0

2,034

100.0 △ 11.5

2,650

Operating Income40

1.8 △ 65.0

7

0.3 △ 93.129

1.4 △ 27.6

32

1.2

314.4

0.4 △ 89.0

14

0.7 △ 65.4

15

0.6

16.2

Net Sales

100.0 △ 10.4

Ordinary Income40

1.8 △ 66.2

12

Net Income / Loss after Tax(Before income tax for prior periods)

21

1.0 △ 76.1

△ 11

△ 0.4

−

△ 26

△ 1.3

−

△ 19

△ 0.7

−

Net Income / Loss after Tax

21

1.0 △ 76.1

△ 11

△ 0.4

−

△ 35

△ 1.8

−

△ 28

△ 1.1

−

Total Assets

2,036

−

−

1,939

−

−

1,820

−

−

−

−

−

Net Assets

1,329

−

−

1,312

−

−

1,209

−

−

−

−

−

（※） Yen-Dollars / Exchange rate
（Units : Yen / Dollars）
FY 2011Full-Year (Projection)
78.50
78.57

FY 2010
3Q

3Q

Full-Year
85.21

86.17

Average Rate in each Period(2) Profitability and Per Share Data etc.
FY 2010
（％）

15.0

13.6

FY 2011Full-Year (Projection)
15.4
15.4

Operating Income Ratio （％）

1.8

0.3

1.4

1.2

Ordinary Income Ratio （％）

1.8

0.4

0.7

0.6

3Q
Gross Profit Ratio

Full-Year

3Q

Shareholders' Equity Ratio （％）

64.8

67.1

65.8

−

Net Assets Per Share （yen）

3,867.74

3,813.57

3,513.73−

Net Income Per Share （yen）

64.21△ 34.31△105.32△ 82.08

Return on Assets

（％）

1.0

△

0.6

△

1.9

−

Return on Shareholders' Equity

（％）

1.6

△

0.9

△

2.9

−

(3) Capital Expenditures, Depreciation, R&D Expenses（Units : 100 million yen, %）FY 2011Full-Year (Projection)

FY 2010Full-Year

3Q
AmountChange54

Capital Expenditures

Amount63.6

3Q

ChangeAmount39.5

60

Change△ 48.128

AmountFull-Year%

Change Amount%

3Q
Change Amount

Change△ 20.048

FY 2011Full-Year (Projection)

FY 2010
3Q

Amount%Change Amount%

ChangeDepreciation Expenses

35

1.5

12.9

48

1.6

11.6

36

1.8

2.9

53

2.0

R&D

95

4.1 △ 1.0129

4.4 △ 3.779

3.9 △ 16.8

118

4.5 △ 8.5

−1−

10.4

(4) CashFlow（Units : 100 million yen）
FY 2011Full-Year (Projection)
214−

FY 20103Q

Full-Year

3Q

Cash flows provided by operating activities

△ 164

△ 51

Income Before Income Taxes

42

14

9

−

Depreciation Expenses

46

63

47

−

△ 252

△ 128

158

−

OthersCash flows used in investing activities

Free cash flows
Cash flows provided by financing activities

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

8

40

△ 144

−

△ 156

△ 11

70

−

63

24

△ 58

−

△ 18

△ 16

△ 11

−

△ 110

△

△

−

2

6

2．Operating Activities (Consolidated)(1) Sales by Equipment（Units : 100 million yen, %）FY 2011Full-Year (Projection)

FY 2010Full-Year

3Q
AmountAudio Visual Equipment
DVD%

Change Amount%

3Q
Change Amount%

Change Amount%

Change1,51265.7 △ 19.1

1,986

67.1 △ 15.0

1,511

74.2 △ 0.1

1,994

205

8.9 △ 38.1

269

9.1 △ 30.3

185

9.1 △ 9.8229

8.6 △ 14.9

11.9

17.3

10.7

75.2

0.4

82.2

353

86.8

314

15.4

27.6

459

LCD TV

1,030

44.8 △ 17.3

1,330

44.9 △ 16.6

990

48.6 △ 3.91,274

48.1 △ 4.2

Others31

1.3 △ 80.0

34

1.2 △ 79.5

22

1.1 △ 29.0

32

1.2 △ 5.9

BD

246

30.0

Information Equipment

485

21.1

14.6

564

19.1

3.3

251

12.4 △ 48.1

325

12.3 △ 42.4

Others

303

13.2

59.9

409

13.8

52.9

272

13.4 △ 10.2

331

12.5 △ 19.1

Total

2,300

100.0 △ 7.3

2,959

100.0 △ 6.0

2,034

100.0 △ 11.5

2,650

100.0 △ 10.4

−2−

(2) Sales by Areas in Equipment（Units : 100 million yen, %）FY 2011Full-Year (Projection)

FY 2010Full-Year

3Q
AmountAudio Visual Equipment
North America%%

Change Amount

3Q
Change Amount%

Change Amount%

Change1,51265.7 △ 19.1

1,986

67.1 △ 15.0

1,511

74.2 △ 0.1

1,994

75.2

1,004

43.6 △ 39.1

1,289

43.6 △ 34.6

1,003

49.3 △ 0.1

1,271

47.9 △ 1.4

0.4

Europe66

2.9 △ 30.583

2.8 △ 33.6

57

2.8 △ 13.668

2.6 △ 18.1

Asia and Others

24

1.0

300.0

38

1.3

111.1

23

1.1 △ 4.2

58

2.2

52.6

Japan

418

18.2

257.3

576

19.4

159.5

428

21.0

2.4

597

22.5

3.6

485

21.1

14.6

564

19.1

3.3

251

12.4 △ 48.1

325

12.3 △ 42.4

North America

188

8.2

29.7

214

7.2

15.7

85

4.2 △ 54.8

118

4.5 △ 44.9

Europe132

5.7 △ 7.7154

5.2 △ 13.051

2.5 △ 61.4

76

2.9 △ 50.6

Asia and Others

151

6.6

179

6.1

109

5.4 △ 27.8

125

4.7 △ 30.2

Information Equipment

20.8

6.5

Japan

14

0.6

27.3

17

0.6

6.3

6

0.3 △ 57.1

6

0.2 △ 64.7

Others

303

13.2

59.9

409

13.8

52.9

272

13.4 △ 10.2

331

12.5 △ 19.1

Total

2,300

100.0 △ 7.3

2,959

100.0 △ 6.0

2,034

100.0 △ 11.5

2,650

100.0 △ 10.4

(3) Sales by Equipment in Areas（Units : 100 million yen, %）FY 2011Full-Year (Projection)

FY 2010Full-Year

3Q
Amount%%Change Amount

3Q
Change Amount%

Change Amount%

Change1,24053.9 △ 31.2

1,558

52.6 △ 28.0

1,103

54.2 △ 11.0

1,403

52.9 △ 9.9

Audio Visual Equipment

1,004

43.6 △ 39.1

1,289

43.6 △ 34.6

1,003

49.3 △ 0.1

1,271

47.9 △ 1.4

Information Equipment

188

8.2

29.7

214

7.2

15.7

85

4.2 △ 54.8

118

4.5 △ 44.9

Others

48

2.1

500.0

55

1.8

511.1

15

0.7 △ 68.8

14

0.5 △ 74.5

EuropeNorth America

198

8.6 △ 17.0

238

8.1 △ 21.8

108

5.3 △ 45.5

144

5.5 △ 39.5

Audio Visual Equipment66

2.9 △ 30.583

2.8 △ 33.6

57

2.8 △ 13.668

2.6 △ 18.1

Information Equipment

132

OthersAsia and Others

5.7 △ 7.7154

5.2 △ 13.051

2.5 △ 61.4

76

2.9 △ 50.6

0

0.0

−

1

0.1 △ 66.7

0

0.0

−

0

0.0

179

7.8

33.6

221

7.5

12.8

138

6.8 △ 22.9

188

7.1 △ 14.9−

Audio Visual Equipment

24

1.0

300.0

38

1.3

111.1

23

1.1 △ 4.2

58

2.2

Information Equipment

151

6.6

20.8

179

6.1

6.5

109

5.4 △ 27.8

125

4.7 △ 30.2

OthersJapan
Audio Visual Equipment

0.1 △ 60.0

4

0.2

33.3

4

6

0.3

50.0

5

683

29.7

124.0

942

31.8

94.7

685

33.7

0.4

915

34.5 △ 2.9

418

18.2

257.3

576

19.4

159.5

428

21.0

2.4

597

22.5

Information Equipment

14

0.6

27.3

17

0.6

6.3

6

Others

251

10.9

41.8

349

11.8

41.9

251

100.0 △ 7.3

2,959

100.0 △ 6.0

2,034

Total

0.2

52.6

2,300

−3−

0.3 △ 57.1

25.0

3.6

6

0.2 △ 64.7

0.0

312

11.8 △ 10.6

100.0 △ 11.5

2,650

100.0 △ 10.4

12.4

3．Summary of 3Q (October to December) Financial Statements (Consolidated)(1) Operating Results（Units : 100 million yen, %）FY 2010

FY 2011

3Q (Oct.-Dec.)

3Q (Oct.-Dec.)%

AmountChange%AmountChangeNet Sales

760

100.0

△ 6.2

628

100.0

△ 17.2

Operating Income

△ 5

△ 0.7

−

8

1.3

−

Ordinary Income

△ 7

△ 0.9

−

8

1.4

−

Net Income / Loss after Tax

△ 16

△ 2.2

−

△5

△ 1.0

−

（※） Yen-Dollars / Exchange rate
（Units : Yen / Dollars）
FY 2010

FY 2011

3Q (Oct.-Dec.)

3Q (Oct.-Dec.)
82.21

Average Rate in each Period

77.20(2) Sales by Equipment（Units : 100 million yen, %）FY 2010

FY 2011

3Q (Oct.-Dec.)

3Q (Oct.-Dec.)%

AmountChange%AmountChange509

67.0△ 13.0

500

79.6

△ 1.8

DVD

71

9.3

△ 23.761

9.7△ 14.1

BD

142

18.7

446.2

94

15.0

△ 33.8LCD TV280

36.9△ 38.5

334

53.2

19.3

Others

16

2.1

45.5

11

1.7

△ 31.3

Audio Visual Equipment

Information Equipment

125

16.4

△ 21.469

11.0△ 44.8Others

126

16.6

90.9

59

9.4

△ 53.2

Total

760

100.0

△ 6.2

628

100.0

△ 17.2−4−

（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