From April 1, 2012
To September 30, 2012

November 5, 2012
Funai Electric Co., Ltd.

Second Quarter (April‐September) Consolidated Financial Summary
for the Period Ending March 2013
(Million yen)Previous Year Second Quarter Current Year Second Quarter
From April 1, 2011
to September 30, 2011

From April 1, 2012
to September 30, 2012

AmountAmount%%%Net Sales

Rate ofincrease or
decrease%%

140,641

100.0

89,050100.0(36.7)

Operating Income (Loss

2,120

1.5

(1,451)(1.6)－

Ordinary Income (Loss)

519

0.4

(3,064)(3.4)－

Net Income (Loss) before
Taxes and Other Adjustments

426

0.3

(3,234)(3.6)－

Net Income (Loss) after Tax(2,997)(2.1)(2,991)(3.4)－

Net Income (Loss) per Share(87.86)(87.68)Notes: Includes 16 consolidated subsidiaries, 1 non‐consolidated subsidiary accounted for by the equity method.

Member, Financial Accounting Standards Foundation

Financial Report for the 6‐Month Period ended September 30, 2012
November 5, 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 Division HQ
Hisao Fuke
Scheduled date of Quarterly Report; November 8, 2012
Scheduled date of Commencement of Annual Dividend Payment; －Quarterly Financial Results Supplementation: Yes
Quarterly Financial Results Seminar: Yes

TEL: (072) 870‐4395

1. Second Quarter Consolidated Results for the Period Ending March 2013 (April 1, 2012 – September 30, 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%
89,050(36.7)(1,451)(3,064)(2,991)－－－
2nd Quarter FY2012
140,641(8.7)
2,120(53.8)
519(89.1)(2,997)－
2nd Quarter FY2011(Reference) Comprehensive Income 2nd Quarter FY 2012 ended September 30, 2012 (5,893) million yen (－%)
2nd Quarter FY 2011 ended September 30, 2011 (9,041) million yen (－%)
Net Income
Per Share

Net Income Per Shareon a Fully Diluted Basis
Yen
－
－

Yen
2nd Quarter FY2012
2nd Quarter FY2011(87.68)(87.86)(2) Consolidated Financial Positionnd

2 Quarter FY2012
Fiscal Year 2011
(Reference) Equity

Net Assets
Equity Ratio
Total Assets
Million yen
Million yen
176,214116,323
65.3
176,607
123,843
69.5
2nd Quarter FY 2012 ended September 30, 2012
115,155 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)ndYear‐Endyen

Annual
yen

yen

－

50.00

50.00

－

－

－

(Note) Revision of Annual Dividends Forecast in this 2 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 2nd 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 2nd 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 September 30, 2012; 36,130,796 shares
as of March 31, 2012; 36,130,796 shares
2. Number of shares of treasury stock as of September 30, 2012; 2,011,607 shares
as of March 31, 2012; 2,011,607 shares
3. The Average number of outstanding shares on September 30, 2012; 34,119,189 shareson September 30, 2011; 34,113,794 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
During the second quarter of the current fiscal term, despite ongoing economic recovery in our mainstay UnitedStates market evidenced by increased consumer spending, lower‐than‐expected unemployment and bottoming
housing prices, the continuing economic contraction in the euro zone affected emerging markets such as China andheightened concerns about a global economic slowdown. In Japan, economic stimulus measures have been drawn
up as the country’s post‐quake recovery slows, and the deteriorating relationship with China, combined with theglobal economic slowdown described above, represents a downside risk to the economy.
In the consumer electronics industry, demand for LCD TVs, one of the Funai Group’s leading products, continues tostagnate in Japan as consumer confidence declines, and in Western Europe where the economy is currently
experiencing a slowdown. However, the United States continues to be comparatively stable, and Eastern Europe andother developing regions are trending towards growth.
As a result of the above factors, the Group posted net sales of JPY 89,050 million, a 36.7% decrease compared withthe same period last year.
On the profit front, operating loss was JPY 1,451 million (operating income for the same period last year was JPY
2,120 million), ordinary loss was JPY 3,064 million (ordinary income for the same period last year was JPY 519
million); and a quarterly net loss of JPY 2,991 million (the quarterly net loss for the same period last year was JPY
2,997 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 ongoing market contraction.
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 22,861 million, a decrease of 67.5% year on year. Our segment loss (operatingloss) was JPY 501 million (the operating profit for this segment for the same period last year was JPY 5,119
million).
ii) North America
Sales of DVD‐related equipment declined year‐over‐year due to market contraction. Meanwhile, sales of LCD
TVs increased year‐over‐year due to strong sales of competitively priced products at a major mass retailer.
As a result, net sales amounting to JPY 64,271 million, an increase of 0.4% year on year. Our segment loss
(operating loss) was JPY 387 million (the operating loss for this segment for the same period last year was JPY
1,121 million).
iii) Asia
Net sales came to JPY 424 million, a decrease of 88.9% year‐on‐year. Our segment profit (operating profit) was
JPY 502 million, a decrease of 0.4% year on year.
iv) Europe
While sales of video products were comparatively strong, sales of LCD TVs and DVD‐related products declined
due to sluggish market conditions. Furthermore, an anticipated Olympic‐related surge in demand failed tomaterialize.
As a result, net sales down 37.7% year on year, to JPY 1,494 million, and an segment loss (operating loss) of JPY
176 million (operating loss for the same period last year was JPY 903 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 and low revenue from other DVD‐related products.
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 74,529 million, a decrease of 26.3% year on year.
ii) Information Equipment
In the information equipment sector, a decrease in printer orders resulted in net sales of JPY 4,068 million, adecrease of 77.6% year on year.

iii) Other Products
Sales of other products not included in the above categories amounted to JPY 10,453 million, a decrease of
50.9% year‐over‐year, as sales of antennas and related devices fell in the wake of Japan’s transition to digitalterrestrial broadcasting.
(2) Qualitative Information Relating to Consolidated Financial Position
Our financial position at the end of second quarter is described below.
Total assets decreased by JPY 392 million as compared to the end of the previous consolidated fiscal year. This was
mainly due to an increase of JPY 4,400 million and JPY 6,160 million in notes and accounts receivable‐trade, goods
and products, and a decrease of JPY 6,585 million and JPY 4,500 million in cash and deposits, securities.
Total liabilities increased by JPY 7,127 million as compared to the end of the previous consolidated fiscal year. Thiswas mainly due to the JPY 6,234 million increases in notes and accounts payable‐trade.
Net assets fell by JPY 7,519 million as compared to the end of the previous consolidated fiscal year. This was
mainly due to a decrease of JPY 4,697 million and JPY 2,925 million in the retained earnings and 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.
(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 thissecond 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, thecourt 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 Quartery Balance Sheets(Units : Million Yen)
Fiscal year 2011
(As of March 31, 2012)

2nd Quarter FY2012(As of September 30, 2012)ASSETS;
Current Assets
Cash and deposits

68,146

61,560Notes and accounts receivable‐trade32,296

36,696

Securities

4,500

‐

Merchandise and finished goods

22,38728,547Work in process

1,570

1,481

Raw materials and supplies

10,005

10,401

Other

6,905

7,154

Allowance for doubtful accounts

(120)

(120)

145,689

145,721

Tangible fixed assets

14,785

14,330Intangible assets

4,795

4,040

11,634

12,314

Allowance for doubtful accounts

(297)

(192)

Total investments and other assets

11,336

12,12130,91730,492

176,607

176,214

Notes and accounts payable‐trade29,62335,857

Short‐term loans payable

4,583

5,000

325

254

Provision

1,072

1,052

Other

14,451

15,082

Total current liabilities

50,05457,247

Provision

2,108

2,058

Other

600

584

2,708

2,643

52,76359,890Total 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)

2nd Quarter FY2012(As of September 30, 2012)

NET ASSETS;
Shareholders' equity
Capital stock

31,30731,307

Capital surplus

33,27233,272Retained earnings

111,384

106,687

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

Total shareholders' equity

151,623

146,92556

72

Foreign currency translation adjestment(28,917)(31,843)

Total accumulated other comprehensive income(28,861)(31,770)

Subscription right to shares

106

114

Minority interests

974

1,054

123,843

116,323

176,607

176,214

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

Total net asset
TOTAL LIABILITIES AND NET ASSETS

(2). Consolidated Quartely Statements of Income and Consolidated Quartely Statement ofComprehensive Income(Consolidated Quartely Statements of Income)(Units : Million Yen)
2nd Quarter FY2011

2nd Quarter FY2012( from April 1, 2011
to September 30, 2011 )( from April 1, 2012
to September 30, 2012)

Net sales

140,641

89,050

Cost of sales

119,091

73,615Gross profit

21,54915,435

Selling, general and administrative expenses

19,42916,887

Operating income (loss)

2,120(1,451)

Interest income

95

140

Dividends income

30

22

Other

110

198

Total non‐operating income

235

361

Interest expenses

59

51

Equity in losses of affiliates

33

35

Foreign exchange losses

1,685

1,730

57

157

1,835

1,974

519

(3,064)Gain on disposal of noncurrent assets

1

3

Total extraordinary income

1

3

Loss on valuation of investment securities

65

164

Other

29

9

Total extraordinary loss

95

173

426

(3,234)

2,346

(255)

936

‐

Total income taxes

3,282

(255)

Income (loss) before minority interests(2,856)(2,979)140

11(2,997)(2,991)

Non‐operating income

Non‐operating expenses

Other
Total non‐operating expenses
Ordinary income (loss)
Extraordinary income

Extraordinary loss

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

Minority interests in income
Net income (loss)(Consolidated Quartely Statement of Comprehensive Income)(Units : Million Yen)

2nd Quarter FY2011

2nd Quarter FY2012( from April 1, 2011
to September 30, 2011 )( from April 1, 2012
to September 30, 2012)(2,856)(2,979)(29)

15(6,152)(2,935)(2)

5(6,185)(2,914)(9,041)(5,893)Comprehensive income attributable to owners of parent(9,182)(5,900)Comprehensive income attributable to minority interest

140

6

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
Total other comprehensive Income
Comprehensive income(Breakdown)

(3).Consolidated quartely statements of cash flows(Units : Million Yen)
2nd Quarter FY2011

2nd Quarter FY2012( from April 1, 2011
to September 30, 2011 )( from April 1, 2012
to September 30, 2012 )Net cash provided by (used in) operating activities
Income before income taxes and minority interests

426(3,234)

3,191

2,885

Increase(decrease) in allowance for doubtful accounts

33

(100)

Increase(decrease)in provision for retirement benefits

(262)

(47)

Interest and dividends income

(125)

(163)

Depreciation and amortization

Interest expenses

59

51

Equity in (earnings) losses of affiliates

33

35

Loss (gain) on sales of property, plant and equipment

(0)

(2)

Loss (gain) on valuation of investment securities

65

164

Decrease (increase) in notes and accounts receivable‐trade(3,727)(6,683)

Decrease (increase) in inventories

1,119(8,117)

Increase (decrease) in notes and accounts payable‐trade

11,268

9,378

Other, net

588

1,382

Subtotal

12,669(4,451)

Interest and dividends income received

118

137

Interest expenses paid

(62)

(50)

Income taxes paid

(2,016)(225)

Income taxes refund

1,233

338

Income taxes for prior periods paid

(936)

‐

11,005(4,251)

Payments into time deposits(45,392)(21,550)

Repayments from time deposits

46,224

32,835Purchase of property, plant and equipment(1,990)(2,128)36

41

Purchase of intangible assets

(265)

(150)

Purchase of investment securities

(205)

(111)

36

308

Net cash provided by (used in) operating activities
Net cash provided by (used in) investment activities

Proceeds from sales of property, plant and equipment

Proceeds from sales of investment securities

(196)

‐

Payments for loan receivables(3)(1,264)

Other, net

813(1,675)

7,984(7,809)587

Payment of partial purchase of shares of consolidated subsidiaries

Net cash provided by (used in) investment activities
Net cash provided by (used in) financing activities
Net increase (decrease) in short‐term loans payable
Repayment of long‐term loans payable

(33)

‐

Proceeds from issue of stock option

4‐(1,364)(1,705)

Cash dividends paid

(127)

(39)

Net cash provided by (used in) financing activities

Other, net(9,330)(1,157)

Effect of exchange rate change on cash and cash equivalents(1,213)(950)

Net increase (decrease) in cash and cash equivalents(1,213)

1,625

Cash and cash equivalents at beginning of period

33,74536,567

Increase in cash and cash equivalents from newly consolidated subsidiaries‐

Decrease in cash and cash equivalents resulting from deconsolidation of subsidiaries(669)

Cash and cash equivalents at end of period

31,86333‐
38,226

(4) Notes for Continuing Enterprises
Not Applicable(5) Notes of remarkable changes in Shareholders Equity:
Not Applicable(6) Information by Segment[Segment Information]
Ⅰ. Second Quarter Consolidated Fiscal Period – Year to Date (April 1, 2011 to September 30, 2011)
Information Regarding Net Sales and Profit/Loss Conditions by Reporting Segment(Units: Million Yen)Japan
Net Sales(1) Outside customers

N. America

Asia

Europe

Total

Adjustments Consolidated(Note 1)
(Note 2)(2) Inter‐segment sales

70,41860,71064,0120

3,812
90,7322,397
1140,641
151,444－(151,444)

140,641－

Total

131,12864,012

94,5452,398

292,085(151,444)

140,641

5,119(1,121)

504

(903)

3,598

(1,478)2,120

Segment Income (Loss)

Note:
1. The negative JPY 1,478 million adjustment amount under segment income includes items such as the JPY 13
million relating to the cancellation of inter‐segment transactions, JPY 471 million of overall Group expenses thatare not apportioned to each reporting segment, and the JPY 1,020 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. Second Quarter Consolidated Fiscal Period – Year to Date (April 1, 2012 to September 30, 2012)
Information Regarding Net Sales and Profit/Loss Conditions by Reporting Segment(Units: Million Yen)Japan
Net Sales(1) Outside customers

N. America

Asia

Europe

Total

Adjustments Consolidated(Note 1)
(Note 2)(2) Inter‐segment sales

22,861
67,97464,2710424
68,0771,494
089,050136,051－(136,051)

89,050－Total

90,83564,271

68,501

1,494

225,102(136,051)

89,050

Segment Income (Loss)

(501)
(387)
502
(176)
(563)
(888)
(1,451)Note:
1. The negative JPY 888 million adjustment amount under segment loss includes items such as the JPY 14 million
relating to the cancellation of inter‐segment transactions, JPY 433 million of overall Group expenses that are notapportioned to each reporting segment, and the JPY 468 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.

(7) Important Subsequent Event
Not Applicablefrom 2012.4.1
to 2012.9.30
Page
1. Summary of 2Q (April to September) 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 2Q (July to September)Financial Statements(Consolidated)(1) Operating Results ･･････････････････････････････････････････････････

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

4

１．Summary of 2Q (April to September) Financial Statements (Consolidated)(1) Operating Results, Financial Conditions
FY 2011Net Sales（Units : 100 million yen, %）FY 2012Full‐Year (Projections)

2Q (Apr. ‐ Sep.)

Full‐Year

Amount

%

%

1,406

100.0

(8.7)

2,461

100.0

(16.8)

890

100.0(36.7)

21

1.5(53.8)

4

0.2(40.2)

(14)

(1.6)

－

Operating Income (Loss)

Change Amount

2Q (Apr. ‐ Sep.)%

Change Amount%

Change

2,050

100.0

(16.7)

(25)

(1.2)

－

Change Amount5

0.4(89.1)

1

0.1(86.5)

(30)

(3.4)

－

(41)

(2.0)

－

Net Loss after Tax

(29)

(2.1)

－

(46)

(1.9)

－

(29)

(3.4)

－

(58)

(2.8)

－

Total Assets

1,813

－

－

1,766

－

－

1,762

－

－

－

－

－

Net Assets

1,212

－

－

1,238

－

－

1,163

－

－

－

－

－

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

FY 20122Q (Apr. ‐ Sep.)
Average Rate in each Period

Full‐Year

2Q (Apr. ‐ Sep.)
78.81

79.15

Full‐Year (Projections)
78.48

78.96

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

FY 20122Q (Apr. ‐ Sep.)
（％）

15.3

Operating Income Ratio （％）

Ordinary Income Ratio （％）

Gross Profit Ratio

Shareholders' Equity Ratio （％）

2Q (Apr. ‐ Sep.)

Full‐Year

Full‐Year (Projections)
16.3

15.2

17.3

1.5

0.2

(1.6)

(1.2)

0.4

0.1

(3.4)

(2.0)

66.3

69.5

65.3

－

3,598.03

3,375.08－

Net Assets Per Share（yen）

3,523.01

Net Income Per Share（yen）(87.86)(135.69)(87.68)(169.99)

Return on Assets

（％）

(1.5)

(2.5)

(1.7)

－

Return on Shareholders' Equity （％）

(2.3)

(3.7)

(2.5)

－

4,628

3,990

4,838

－

Number of Total Employees(3) Capital Expenditures, Depreciation, R&D Expenses
FY 20112Q (Apr. ‐ Sep.)
AmountChange23

Capital Expenditures

2Q (Apr. ‐ Sep.)

Full‐Year
Amount(48.9)

Change40

AmountChange19(33.3)

AmountChange－40(17.4)FY 2012FY 20112Q (Apr. ‐ Sep.)

Full‐Year%%

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

Change Amount

2Q (Apr. ‐ Sep.)

Full‐Year (Projections)%%

Change Amount

Change Amount

ChangeDepreciation Expenses

24

1.7

9.1

49

2.0

2.1

20

2.2

(16.7)

40

2.0(18.4)

R&D

54

3.8

(14.3)

105

4.3(18.6)

47

5.3(13.0)

103

5.0

(1.9)

－1－

(4) CashFlow（Units : 100 million yen）
FY 2012FY 20112Q (Apr. ‐ Sep.)

Full‐Year

2Q (Apr. ‐ Sep.)

Full‐Year (Projections)

Cash flows provided by operating activities

110

164

(42)

－

Income Before Income Taxes

4

(5)

(32)

－

Depreciation Expenses

31

65

28

－

Others

75

104

(38)

－

Cash flows used in investing activities

(16)

(64)

79

－

Free cash flows

94

100

37

－

Cash flows provided by financing activities

(93)

(67)

(11)

－

(12)

2

(9)

－

(18)

28

16

－

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 20112Q (Apr. ‐ Sep.)

Full‐Year%%

AmountAudio Visual Equipment
DVD

Change Amount

2Q (Apr. ‐ Sep.)
Change Amount%（Units : 100 million yen, %）FY 2012Full‐Year (Projections)

Change Amount%

Change

1,011

71.9

0.9

1,835

74.5

(7.6)

745

83.7

(26.3)

1,647

80.3

(10.2)

124

8.8

(7.5)

219

8.9

(18.6)

83

9.3(33.1)

140

6.8(36.1)

BD

220

15.6

111.5

380

15.4

7.6

57

6.4

(74.1)

150

7.3(60.5)LCD TV656

46.7(12.5)

1,209

49.1

(9.1)

594

66.8

(9.5)

1,323

64.5

9.4

Others11

0.8(26.7)

27

1.1(20.6)

11

1.2

－

34

1.7

25.9

Information

Equipment

182

12.9

(49.5)

300

12.2(46.8)

41

4.6(77.6)

1045.1(65.3)

Others

213

15.2

19.9

326

13.3

(20.3)

104

11.7(50.9)

299

14.6

(8.3)

Total

1,406

100.0

(8.7)

2,461

100.0

(16.8)

890

100.0(36.7)

2,050

100.0

(16.7)－2－

(2) Sales by Areas in Equipment

FY 20112Q (Apr. ‐ Sep.)

Full‐Year%%

AmountAudio Visual Equipment

Change Amount

2Q (Apr. ‐ Sep.)
Change Amount%（Units : 100 million yen, %）FY 2012Full‐Year (Projections)

Change Amount%

Change

1,011

71.9

0.9

1,835

74.5

(7.6)

745

83.7

(26.3)

1,647

80.3

(10.2)

North America

641

45.6

(10.2)

1,222

49.7

(5.2)

616

69.2

(3.9)

1,312

64.0

7.4

Europe31

2.2(36.7)

67

2.7(19.3)

23

2.6(25.8)

36

1.8(46.3)

Asia and Others

15

1.1

(28.6)

43

1.7

13.2

31

3.4

106.7

128

6.2

197.7

Japan

324

23.0

47.9

503

20.4

(12.7)

75

8.5(76.9)

171

8.3(66.0)

182

12.9(49.5)

300

12.2(46.8)

41

4.6(77.6)

1045.1(65.3)

North America

60

4.2

(57.1)

103

4.2(51.9)

15

1.7(75.0)

55

2.7(46.6)

Europe38

2.7(60.8)

59

2.4(61.7)

4

0.4(89.5)

8

0.4(86.4)

Asia and Others

79

5.6

(31.3)

131

5.3(26.8)

22

2.5(72.2)

33

1.6(74.8)

Information Equipment

Japan

5

0.4

(37.5)

7

0.3(58.8)

0

0.0

－

8

0.4

14.3

Others

213

15.2

19.9

326

13.3

(20.3)

104

11.7(50.9)

299

14.6

(8.3)

Total

1,406

100.0

(8.7)

2,461

100.0

(16.8)

890

100.0(36.7)

2,050

100.0

(16.7)(3) Sales by Equipment in Areas

FY 20112Q (Apr. ‐ Sep.)

Full‐Year%%

AmountNorth America

Change Amount

713

50.7

Audio Visual Equipment

641

Information Equipment

60

OthersEurope2Q (Apr. ‐ Sep.)
Change Amount(19.5)

1,341

54.5

45.6

(10.2)

1,222

4.2(57.1)

103

12

0.9

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

Change Amount(13.9)

644

72.4

49.6

(5.2)

616

4.2

(51.9)

15

16

0.7

(70.9)%

Change

(9.6)

1,463

71.4

69.2

(3.9)

1,312

64.0

7.4

1.7

(75.0)

55

2.7(46.6)

13

1.5

8.3

96

4.7

500.0

9.1

69

4.9

(52.6)

126

5.1(47.2)

27

3.0(61.1)

46

2.3(63.5)

Audio Visual Equipment

31

2.2

(36.7)

67

2.7(19.3)

23

2.6(25.8)

36

1.8(46.3)

Information Equipment

38

2.7

(60.8)

59

2.4(61.7)

4

0.4(89.5)

8

0.4(86.4)

Others

0

0.0

－

0

0.0

－

0

0.0

－

2

0.1

－

99

7.1

(28.3)

181

7.4(18.1)

55

6.1(44.4)

169

8.2

(6.6)

Asia and Others
Audio Visual Equipment

15

1.1

(28.6)

43

1.8

13.2

31

3.4

106.7

128

6.2

197.7

Information Equipment

79

5.6

(31.3)

131

5.3(26.8)

22

2.5(72.2)

33

1.6(74.8)

OthersJapan
Audio Visual Equipment
Information Equipment
Others
Total

5

0.4

150.0

7

0.3

75.0

2

0.2

(60.0)

8

0.4

14.3

525

37.3

41.4

813

33.0

(13.7)

164

18.5(68.7)

372

18.1(54.2)

324

23.0

47.9

503

20.4

(12.7)

75

8.5(76.9)

171

8.3(66.0)

5

0.4(37.5)

7

0.3(58.8)

0

0.0

－

8

0.4

14.3

196

13.9

36.1

303

12.3

(13.2)

89

10.0(54.6)

193

9.4(36.3)

1,406

100.0

(8.7)

2,461

100.0

(16.8)

890

100.0(36.7)

2,050

100.0

(16.7)－3－

3．Summary of 2Q (July to September) Financial Statements (Consolidated)(1) Operating Results（Units : 100 million yen, %）FY 2011

FY 20122Q (Jul. ‐ Sep.)

2Q (Jul. ‐ Sep.)%

AmountChange%AmountChangeNet Sales

750

100.0

(5.2)

490

100.0

(34.7)

Operating Income (Loss)

17

2.4

(13.1)

(5)

(1.0)

－

Ordinary Income (Loss)4

0.6(87.3)

(10)

(2.0)

－

Net Loss after Tax

(6)

(0.9)

－

(11)

(2.3)

－

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

FY 20122Q (Jul. ‐ Sep.)

2Q (Jul. ‐ Sep.)

Average Rate in each Period

77.08

78.12

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

FY 20122Q (Jul. ‐ Sep.)

Audio Visual Equipment

2Q (Jul. ‐ Sep.)%

AmountChange%AmountChange

550

73.3

7.6

424

86.5

(22.9)

DVD

64

8.5

－

45

9.2

(29.7)

BD

101

13.5

90.6

19

3.9

(81.2)LCD TV

379

50.5

(2.3)

354

72.2

(6.6)

Others

6

0.8

－

6

1.2

－

Information

95

12.7

(49.7)

15

3.1(84.2)

OthersEquipment

105

14.0

15.4

51

10.4

(51.4)

Total

750

100.0

(5.2)

490

100.0

(34.7)－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