From April 1, 2015
To September 30, 2015

November 9, 2015
Funai Electric Co., Ltd.

Second Quarter (April‐September) Consolidated Financial Summary
for the Period Ended March 2016
(Million yen)

2nd Quarter FY2014

2nd Quarter FY2015

From April 1, 2014
to Septembr 30, 2014

From April 1, 2015
to September 30, 2015

AmountAmount%%%Net Sales

Rate ofincrease or
decrease%%

115,808

100.0

86,898100.0(25.0)

Operating Income (Loss)

1,332

1.2

(5,442)(6.3)－

Ordinary Income (Loss)

2,785

2.4

(6,744)(7.8)－

Net Income (Loss) before Taxes
and Other Adjustments

2,952

2.5

(7,172)(8.3)－

Net Income (Loss) attributableto owners of parent

2,624

2.3

(7,646)(8.8)－

Net Income (Loss) per Share
76.94(224.13)(yen)
Notes: Includes 22 consolidated subsidiaries, 1 non‐consolidated subsidiary of equity method,Member, Financial Accounting Standards Foundation

Financial Report for the 6‐Month Period Ended September 30, 2015
November 9, 2015

Funai Electric Co., Ltd.
Listed company name
Stock exchange listing
Tokyo First Section
Securities code
6839
URL http://www.funai.co.jp
Representative
President and CEO
Tomonori Hayashi
Inquiries
General Manager
Keiichi Ikegami TEL: (072) 870‐4395
Scheduled date of Quarterly Report
November 11, 2015
Scheduled date of Commencement of Annual Dividend Payment －Quarterly Financial Results Supplementation
Yes
Quarterly Financial Results SeminarYes
1. Consolidated Financial Results for the 6‐Month Period Ended September30, 2015 (April 1, 2015 – September 30, 2015)(% denotes year on year)(1) Consolidated Operating Results

Net Sales

Net Income(Loss)

Operating

Ordinary

Income(Loss)

Income(Loss)

attributable to ownersof parent
Million yen%
Million yen %Million yen%
Million yen%
nd(7,646)86,898 (25.0)(5,442)(6,774)－－－2 Quarter FY2015
2,785
28.8
2,624
328.4
115,808 (3.9)
1,332
134.8
2nd Quarter FY2014(Reference) Comprehensive Income 2nd Quarter FY 2015 ended September 30, 2015 (8,426) million yen (－%)
6,420 million yen (145.5%)
2nd Quarter FY 2014 ended September 30, 2014
Net Income(loss)
Per Share

Net Income(loss) Per Shareon a Fully Diluted Basis
Yen
－
－

Yen
2nd Quarter FY2015
2nd Quarter FY2014(224.13)76.94(2) Consolidated Financial Position

As of September 30,2015
As of December 31,2014

Total Assets
Million yen
187,223
189,695

Net Assets

EquityMillion yen
118,173
127,881Million yen
116,990
126,677

Equity Ratio
%
62.5
66.8

2. Dividends
Dividend per Sharestnd

1 Quarter

3rd Quarter2 Quarter

yen

yen

Fiscal Year 2014

－

0.00

Fiscal Year 2015

－

0.00

Year‐Endyen

Fiscal Year 2015
(Forecast)

Annual
yen

yen

－

35.00

35.00

－

－

－

nd

(Note) Revision of Annual Dividends Forecast in this 2 Quarter: Yes
The dividend for FY 2015 has been undecided. The company’s dividend policy of DOE is unchanged. Because of the highimpact stemmed from the recent fluctuations in exchange rates give to the consolidated net assets, the dividend is to bedisclosed at the time disclosure has become possible to public.

3. Consolidated Financial Results Forecast for the fiscal year ended March 31, 2016 (April 1, 2015 ‐ March 31, 2016)(% denotes year on year)
Net Income(loss)
Net
Operating
Ordinary
Net Sales
Attributable to
Income(loss)
Income(loss)
Income(loss)
owners of parent
Per Share
Million yen

Full Year

187,900 (13.4)%

Million yen %(6,000)Million yen %－(Note) Revision to consolidated financial results forecast: Yes(7,500)－Million yen %(9,500)－Yen(278.44)

*Note(1) Changes in Consolidated Subsidiaries (Changes in Scope of Consolidation): No(2) Adoption of special accounting methods of Quarterly consolidated financial statements: Yes(3) Changes in accounting policies and estimates
1. Changes in accounting policies from revision of accounting standards: Yes
2. Changes in accounting policies from other reason: No
3. Changes in accounting estimates: No
4. Restatement: No(4) Number of Shares Outstanding (Ordinary Shares)
1. Number of shares outstanding (including treasury stock)
2. Number of shares of treasury stock
3. The Average number of outstanding shares

As of September 30, 2015
As of March 31, 2015
As of September 30, 2015
As of March 31, 2015
On September 30, 2015
On September 30, 201436,130,796
36,130,796
2,011,687
2,011,665
34,119,129
34,119,181* 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 / Quarterly Financial Results(1) Explanation on Financial Results
Economy of the United States, our key markets supported a steady recovering trend due to the improvement in the
housing market, although employment and consumption was weaker than expected. In Europe, economy showed
moderate recovery because of consumer spending. The economic expansion was slowing down in China. In Japan,
the production and the exports stayed in a holding pattern due to the economic slowdown in China, but theconsumption remained firm, and the economy sustained a gradual recovery trend.
Under these conditions, Net sales totaled ¥86,898 million, down 25.0% year on year. Operating loss totaled ¥5,442
million (the same quarter last year: operating income of ¥1,332 million). Ordinary loss totaled ¥6,744 million (thesame quarter last year: ordinary income of ¥2,785 million). Net loss attributable to owners of parent totaled ¥7,646
million (the same quarter last year: net income attributable to owners of parent of ¥2,624 million).
Funai Group’s (“the Group”) applied Accounting Standard for Business Combinations (ASBJ Statement No. 21,
September 13, 2013) in the first quarter of this fiscal year has changed “net loss” to “net loss attributable to ownersof the parent.”
Results by Geographical Segmenti) Japan
LCD TVs increased, because the reaction to the rush demand of consumption tax hike has already passed
through. However, printers and BD‐related products decreased. As a result, net sales totaled ¥16,691 million,
down 32.6% year on year, and segment loss (operating loss) totaled ¥1,352 million (the same quarter last year:
segment loss of ¥294 million).
ii) Americas
Although DVD‐related products increased, shipment and sales of LCD TVs decreased, because the Group tried
to level out the sales that were focused on year‐end sales season in North America. Audio Accessories andHome Theater system decreased. As a result, net sales totaled ¥67,724 million, down 22,4% year on year, andsegment loss totaled ¥2,487 million (the same quarter last year: segment income of ¥1,402 million).
iii) Asia
Net sales totaled ¥1,722 million, down 30.4% year on year due to decrease on ink cartridges. Segment income(operating income) totaled ¥725 million, up 36.7% year on year.
iv) Europe
Weak sales of LED TVs and DVD‐related products continued. Net sales totaled ¥760 million, down 41.5% year on
year, and segment loss (operating loss) totaled ¥193 million, (the same quarter last year: segment loss of ¥42
million).
Results by product Segmenti) Audiovisual Equipment
Although DVD‐related products increased, Shipment and sales of LCD TVs decreased because the Group tried tolevel out the sales that were focused on year‐end sales season in North America. As a result, net sales ofaudiovisual equipment totaled ¥74,617 million, down 18.0% year on year.
ii) Information Equipment
Printers and Ink cartridges decreased. Net sales of information Equipment totaled ¥3,009 million, down 68.7%
year on year.
iii) Other Products
Net sales of other products totaled ¥9,271 million, down 38.9% year on year, due to decrease of Audio
accessories and Electronic reception devices.

(2) Explanation on Financial Position
Total assets decreased by ¥2,471 million compared to the end of the last fiscal year. The primary components of thechange were as follows: Increase of ¥4,980 million in notes and accounts receivable‐trade, ¥15,143 million in merchandise and finishedgoods, and ¥2,086 million in raw materials and supplies Decrease of ¥22,656 in cash and deposits
Total liabilities increased by JPY 7,236 million compared to the end of the last fiscal year. The primary components ofthe change were as follows:
Decrease of ¥6,564 million in note and accounts payable‐trade
Increase of ¥11,769 million in short‐term loans payable and ¥1,909 million in accounts payable included inother.
Net assets decreased by ¥9,708 million compared to the end of the last fiscal year. The primary components of thechange were decrease of ¥8,920 million in retained earnings and ¥726 million in the foreign currency translation
adjustment.

(3) Explanation Regarding Information of Consolidated Financial Results Forecast
The Group has revised consolidated financial results forecast announced on May 12, 2015. For details, please referto the release announced today (November 9, 2015).
Note: The above forecasts are based on information currently available to the Group and contain risk and uncertainty. Actual
results may differ from these forecasts due to various factors including changes in the economic conditions of overseas
markets such as the United States, and significant fluctuations in product prices and foreign exchange.

2.Summary Information(1) Change in the scope of consolidation or equity method.
1) Change in the scope of consolidation
In the first quarter of this fiscal year, the Group has included DX ANTENNA PHILIPPINES, INC. in the scope of
consolidation, because its importance has increased. In addition, the Group has excluded FUNAI CMET Optical
Electronics Co., Ltd from the scope of consolidation in the second quarter of this fiscal year, as the result of its
liquidation.
2) Change in the scope of equity method
The Group has excluded CMET FUNAI Optical Electronics Co., Ltd from the scope of consolidation, because of thesale of shares held by the Group In the second quarter of this fiscal year.
(2) Adoption of special accounting methods of Quarterly consolidated financial statements
Tax expenses are calculated by multiplying income before income taxes by a reasonably estimated effective tax rate
for income before income taxes after application of deferred tax accounting.
(3) Change in the accounting policy(Application of “Accounting Standard for Business Combinations”)
The Group has applied in the first quarter of this fiscal year:
 “Accounting Standard for Business Combinations” (ASBJ Statement No. 21, September 13, 2013),
 “Accounting Standard for Consolidated Financial Statements” (ASBJ Statement No. 22, September 13,2013),and “Accounting Standard for Business Divestitures” (ASBJ Statement No. 7, September 13, 2013).
This change had no effect on the consolidated statements of income.
(4) Additional Information(About anti‐tax haven law)
The Group received a reassessment 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 exemption under the anti‐tax havenrules. In addition, they imposed a tax on us adding up with the Hong Kong subsidiary’s income for the three fiscal
years ended March 31, 2008 through 2010, which deems as our income.
We objected to this reassessment of income taxes, and filed a request for examination to the Osaka National Tax

Tribunal on August 25, 2011. However, we received written verdicts that reject our petition on July18, 2012. The
Group filed a suit for cancellation of reassessment to the Tokyo District Court on January 17, 2013.
The additional tax amount is totally ¥825 million including corporate, enterprise and residence taxes (¥935 million
including incidental taxes). We recorded this additional tax as “prior year’s taxes” in the fiscal year ended March 31,
2012. Also, the financial impact, when applying this tax rules has been recorded in the fiscal year ended March 31,
2011 when tax investigation was completed.

3. Consolidated Financial Statements(1) Consolidated Statement of Financial Position(Units : Million Yen)
Fiscal year 2014
(As of March 31, 2015)

2nd Quarter FY2015(As of September 30, 2015)

ASSETS;
Current Assets
Cash and deposits

66,82044,163

Notes and accounts receivable ‐ trade38,183

43,164Merchandise and finished goods

26,39841,541Work in process

1,455

1,279

Raw materials and supplies

14,708

16,795

Other

7,598

6,865

Allowance for doubtful accounts

(389)

(530)

154,775

153,278

Property, plant and equipment

21,306

20,102Intangible assets

6,117

5,635

Net defined benefit asset

1,716

1,708

Other

6,055

6,774

Allowance for doubtful accounts

(276)

(277)

Total current assets
Noncurrent Assets

Investments and other assets

Total investments and other assets

7,496

8,206

34,92033,944

189,695

187,223

Notes and accounts payable ‐ trade

31,62525,060

Short‐term loans payable

4,012

15,781

485

679

Provision

1,459

1,083

Other

13,796

15,847

Total current liabilities

51,37858,452

Long‐term loans payable

6,683

6,524

Provision

1,093

1,095

548

484

Total noncurrent assets
TOTAL ASSETSLIABILITIES;Current Liabilities

Income taxes payableNoncurrent Liabilities

Net defined benefit liability
Other

2,110

2,493

Total noncurrent liabilities

10,435

10,597

61,81369,050TOTAL LIABILITIESFiscal year 2014
(As of March 31, 2015)

2nd Quarter FY2015(As of September 30, 2015)

NET ASSETS;
Shareholders' equity
Capital stock

31,30731,307

Capital surplus

33,27233,272Retained earnings

93,84084,919Treasury shares(24,341)(24,341)

Total shareholders' equity

134,079

125,158

421

362

Foreign currency translation adjustment(8,188)(8,914)Remeasurements of defined benefit plans

365

383

(7,401)(8,168)

142

143

1,061

1,039

127,881

118,173

189,695

187,223

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

Total accumulated other comprehensive income
Subscription rights to shares
Minority interests
Total net asset
TOTAL LIABILITIES AND NET ASSETS

(Consolidated Quarterly Statement of Comprehensive Income)

Income (loss) before minority interest adjustment(Units : Million Yen)

2nd Quarter FY2014

2nd Quarter FY2015( from April 1, 2014
to September 30, 2014)( from April 1, 2015
to September 30, 2015)

2,628(7,658)

109

(60)

3,663

(711)

Share of other comprehensive income of associates
accounted for using equity method

(8)

(17)

Retirement benefits adjustment

25

20

Total other comprehensive Income

3,791

(768)

6,420

(8,426)Comprehensive income attributable to owners of parent

6,411(8,413)Comprehensive income attributable to minority interests

8

(12)

Other comprehensive Income
Valuation difference on avaiable‐for‐sale securities
Foreign currency translation adjustment

Comprehensive income(Breakdown)(3) Consolidated quarterly statements of cash flows(Units : Million Yen)
2nd Quarter FY2014

2nd Quarter FY2015( from April 1, 2014
to September 30, 2014 )( from April 1, 2015
to September 30, 2015 )Net cash provided by (used in) operating activities
Income before income taxes and minority interests

2,952(7,172)

Depreciation and amortization

2,829

2,389

Increase(decrease) in allowance for doubtful accounts

85

150

Increase(decrease)in liabilities for retirement benefits

(56)

(52)

Interest and dividends income

(164)

(127)

Interest expenses

90

99

Equity in (earnings) losses of affiliates

139

3

Loss on retirement of property,plant and equipment

13

121

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

(42)

－

Loss (gain) on valuation of investment securities

－

(50)

(134)

(41)

Loss(gain) on sales of shares of subsidiaries and associates

－

(46)

Decrease (increase) in notes and accounts receivable‐trade

2,238(5,500)Decrease (increase) in inventories

2,399(17,834)

Increase (decrease) in notes and accounts payable‐trade(4,696)(5,620)

Increase(decrease) in accounts payable ‐ other

4,171

2,077

Gain on liquidation of subsidiaries and associates

Other, net

67(1,213)

Subtotal

9,892(32,820)

Interest and dividends income received

161

120

Interest expenses paid

(90)

(98)

Income taxes paid

(538)

(242)

Income taxes refund

24

28

9,449

(33,012)

Repayments from time deposits－(4,756)

Proceeds from withdrawal of time deposits－

14,092

Purchase of property, plant and equipment(2,281)

(772)

99

15

(195)

(116)

(6)

(61)

Proceeds from sales of investment securities

518

127

Other, net

194

17

(1,671)

8,545

Net increase (decrease) in short‐term loans payable

1,001

11,798Cash dividends paid

(1,194)(1,194)

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

Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities

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

(211)

267

Net cash provided by (used in) financing activities

Other, net(404)

10,871

Effect of exchange rate change on cash and cash equivalents

2,361

114

Net increase (decrease) in cash and cash equivalents

9,735(13,481)

Cash and cash equivalents at beginning of period

43,612

42,991－

51

53,34829,560

Increase in cash and cash equivalents from newly consolidated subsidiar
Cash and cash equivalents at end of period

(4) Consolidated Quarterly Statements of Income(Notes for Continuing Enterprises)
Not Applicable(Notes of remarkable changes in Shareholders Equity)
Not Applicable(Consolidated balance sheets)
Second quarter of the this fiscal year (As of September 30, 2015)
Contingent liabilities(Arbitration)
Funai Electric Co., Ltd. (“Funai”) resolved to acquire all shares in a company taking over PHILIPS’ LifestyleEntertainment Business from Koninklijke PHILIPS N.V. (“PHILIPS”). Funai concluded the share purchase agreement
on January 29, 2013. However, PHILIPS filed against Funai a petition for arbitration to recover damages caused bybreach of agreement of Funai as of October 25, 2013. Subsequently, they served the request of arbitration fromthe International Chamber of Commerce on November 8, 2013.
With regard to this matter, Funai recognizes there has been no breach of agreement on its behalf. Therefore, Funai
filed a counterclaim for damages caused by breach of the agreement and unlawful actions by PHILIPS to theInternational Chamber of Commerce on December 6, 2013.
On May 20, 2014, Funai received notice from PHILIPS of the amount of the claim for damages. Then Funai filed thestatement including the amount of compensatory damages claimed against PHILIPS to the International Court of
Arbitration on October 1, 2014.
After that, Funai received notice‐revised amount of compensatory damages claimed by PHILIPS on December 24,
2014 and September 1, 2015.
The results of these arbitral proceedings may affect consolidated financial results, but it is difficult to make areasonable estimate of this impact in this second quarter. Therefore, Funai cannot tell how this impact will affectthe business performance and financial conditions of the Group.
Following is the outline of arbitration filed against Funai and counterclaim filed by Funai.
1. Outline of arbitration filed against Funai(1) Institution and date of arbitrationi)
Institution:
International Chamber of Commerceii) Date:
October 25, 2013
(2) Petitioner of arbitrationi)Name:ii) Location:iii) Title & name :Koninklijke PHILIPS N.V.
Eindhoven, The Netherlands
Chief Executive Officer Frans van Houten(3) Details of petition and claimed amount for damagesi)
Details of petition :A claim for damages on the grounds of breach of the agreement by Funaiii) Claimed amount :€183 million (based on the notice by PHILIPS on September 1,2015)
2. Outline of counterclaim filed by Funai(1) Institution with which counterclaim filed and date of filingi)
Institution:
International Chamber of Commerceii) Date:
December 6, 2013
(2) Other party to counterclaim filingi)
Name:
Koninklijke PHILIPS N.V.
Eindhoven, The Netherlandsii) Location:iii) Title & name:
Chief Executive Officer Frans van Houten(3) Details of petition and claimed amount for damagesi)
Details of petition :Claim for damages on the grounds of breach of the agreement and undue
action by PHILIPSii) Claimed amount:€312.3M tax payable, contractual interest and arbitration costs.

An overview of the above‐mentioned share purchase agreement is as follows.
1. Name of other company and content of acquired businesses(1) Name of other company:
Koninklijke PHILIPS N.V.
(2) Content of acquired businesses:
Lifestyle Entertainment Business(Note) The Lifestyle Entertainment Business involves the development and design, sales and (partial) manufacture of the
PHILIPS‐brand Audio Video Multimedia products, Home Communication products and Accessories products.

2. Reasons for Acquiring the Shares
These transactions will enable the Group to expand the product portfolio and the sales network in Asia, SouthAmerica, other emerging markets, and Europe. Funai decided to acquire shares in this new company, basedon the belief that the acquisition would foster sustained growth of the Group.
3. Acquisition price and percentage of shares held after acquisition(1)Acquisition price:€150 million(2)Percentage of shares:
100%(Consolidated quarterly statements of income)*Notes.1 Expenses incurred on business restructuring
Second quarter of this fiscal year (April 1, 2015 to September 30, 2015)
The Group has recorded the estimated losses connected with the liquidation of Funai India Private Limited, aconsolidated subsidiary of the Group.

(Information by Segment)[Segment Information]
I.

Second Quarter of previous fiscal year (April 1, 2014 to September 30, 2014)
Information Regarding Net Sales and Profit/Loss Conditions by Reporting Segment
Japan

Americas

Asia

Europe

Total(Units: Million Yen)
Adjustments Consolidated(Note 1)
(Note 2)Net Sales(1) Outside customers(2) Inter‐segment sales

24,767
69,64087,265434

2,475
77,795

1,299‐

115,808
147,870－(147,870)

115,808－

Total

94,40887,70080,2701,299

263,679(147,870)

115,808

(294)

1,402

531

(42)

1,596

(263)

1,332

Segment Income (Loss)Note:
1. ¥‐263 million adjustment amount under segment income includes items such as ¥ 1 million relating to thecancellation of inter‐segment transactions, ¥ ‐367 million of overall Group expenses that are not apportioned toeach reporting segment, and ¥ 102 million adjustment relating to inventory assets. Overall Group expenses arecomprised 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 second quarter consolidated income
statement.
II.

Second Quarter of this fiscal year (April 1, 2015 to September 30, 2015)
Information Regarding Net Sales and Profit/Loss Conditions by Reporting Segment(Units: Million Yen)
Japan

Americas

Asia

Europe

Total

Adjustments Consolidated(Note 1)
(Note 2)Net Sales(1) Outside customers(2) Inter‐segment sales

16,69175,78667,724578

1,722
58,292760‐

86,898
134,658‐(134,658)

86,898‐

Total

92,47868,30360,014760

221,556(134,658)

86,898Segment Income (Loss)(1,352)(2,487)

725

(193)

(3,307)(2,135)(5,442)Note:
1. ¥‐2,135 million adjustment amount under segment income includes items such as the ¥17 million relating to thecancellation of inter‐segment transactions, ¥‐377 million of overall Group expenses that are not apportioned toeach reporting segment, and the ¥‐1,775 million 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 second quarter consolidated income
statement.

from 2015.4.1
to 2015.9.30
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 20142Q (Apr. ‐ Sep.)

Full‐Year%%

AmountNet Sales

Change Amount

2Q (Apr. ‐ Sep.)
Change Amount%（Units : 100 million yen, %）FY 2015
Full‐Year (Projections)

Change Amount%

Change

2,170

100.0

(7.2)

868

100.0

(25.0)

1,879

100.0

(13.4)

134.8

5

0.3

－

(54)

(6.3)

－

(60)

(3.2)

－

28.8

19

0.9

－

(67)

(7.8)

－

(75)

(4.0)

－

0.6

1,158

100.0

(3.9)

Operating Income (Loss)

13

1.2

Ordinary Income (Loss)

27

2.4

26

2.3

328.4

13

－

(76)

(8.8)

－

(95)

(5.1)

－

Total Assets

1,913

－

－

1,896

－

1,872

－

－

－

－

－

Net Assets

1,233

－

－

1,278

－

1,181

－

－

－

－

－

Net Income (Loss) after Tax（※） Yen‐Dollars / Exchange rate
FY 20142Q (Apr. ‐ Sep.)
Average Rate in each Period

Full‐Year
103.61110.62（Units : Yen / Dollars）
FY 2015
2Q (Apr. ‐ Sep.)
Full‐Year (Projections)121.72119.86(2) Profitability and Per Share Data etc.
FY 2014
（％）

18.0

17.3

FY 2015
Full‐Year (Projections)
17.4
17.0

Operating Income Ratio （％）

1.2

0.3

(6.3)

(3.2)

Ordinary Income Ratio （％）

2.4

0.9

(7.8)

(4.0)

2Q (Apr. ‐ Sep.)
Gross Profit Ratio

Full‐Year

2Q (Apr. ‐ Sep.)

63.9

66.8

62.5

－

Net Assets Per Share（yen）

3,581.87

3,712.81

3,428.87－

Net Income Per Share

（yen）

76.94

39.70

(224.13)(278.44)

Return on Assets

（％）

1.4

0.7

(4.1)

－

Return on Shareholders' Equity （％）

2.2

1.1

(6.3)

－

3,761

3,604

3,466

－

Shareholders' Equity Ratio （％）

Number of Total Employees(3) Capital Expenditures, Depreciation, R&D Expenses
FY 20142Q (Apr. ‐ Sep.)
AmountChange22

Capital Expenditures

Full‐Year
Amount(76.1)

2Q (Apr. ‐ Sep.)

Change32

Amount(70.6)

Change10

Full‐Year%%

AmountChange Amount

2Q (Apr. ‐ Sep.)
Change AmountAmount(54.5)FY 20142Q (Apr. ‐ Sep.)（Units : 100 million yen, %）FY 2015
Full‐Year (Projections)%

Change28(12.5)FY 2015
Full‐Year (Projections)

Change Amount%

ChangeDepreciation Expenses

23

2.0

(11.5)

47

2.2

(9.6)

17

2.0

(26.1)

42

2.2(10.6)

R&D

39

3.4

(9.3)

74

3.4

(11.9)

41

4.7

5.1

91

4.8

23.0

－1－

(4) CashFlow
FY 20142Q (Apr. ‐ Sep.)

Full‐Year（Units : 100 million yen）
FY 2015
2Q (Apr. ‐ Sep.)
Full‐Year (Projections)(330)－

Cash flows provided by operating activities

94

168

Income Before Income Taxes

29

22

71

－

Depreciation Expenses

28

58

23

－

37

88

(424)

－

Cash flows used in investing activities

(16)

(173)

85

－

Free cash flows

78

(5)

(245)

－

Cash flows provided by financing activities

(4)

(27)

108

－

23

25

0

－

97

(6)

(134)

－

Others

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 20142Q (Apr. ‐ Sep.)

Full‐Year%%

AmountAudio Visual Equipment
DVD

Change Amount

2Q (Apr. ‐ Sep.)
Change Amount%（Units : 100 million yen, %）FY 2015
Full‐Year (Projections)

Change Amount%

Change

910

78.6

(3.1)

1,724

79.4

(5.9)

746

85.9

(18.0)

1,660

88.3

(3.7)

53

4.6

(34.6)

124

5.7(28.7)

66

7.6

24.5

131

7.0

5.6

BD

69

6.0

(8.0)

135

6.2

(20.1)

48

5.5(30.4)

105

5.6(22.2)LCD TV

764

66.0

(0.4)

1,421

65.5

(1.1)

617

71.1

(19.2)

1,388

73.8

(2.3)

24

2.0

50.0

44

2.0

(17.0)

15

1.7(37.5)

36

1.9(18.2)

Information Equipment

96

8.3

(10.4)

126

5.8(33.1)

30

3.5(68.7)

47

2.5(62.7)

Others

152

13.1

(4.8)

320

14.8

0.1

92

10.6

(38.9)

172

9.2(46.3)

1,158

100.0

2,170

100.0

868

100.0

1,879

100.0

(13.4)

Others

Total

(3.9)

－2－

(7.2)

(25.0)

(2) Sales by Areas in Equipment
FY 20142Q (Apr. ‐ Sep.)

Full‐Year%%

AmountAudio Visual Equipment

Change Amount

2Q (Apr. ‐ Sep.)
Change Amount%（Units : 100 million yen, %）FY 2015
Full‐Year (Projections)

Change Amount%

Change

910

78.6

(3.1)

1,724

79.4

(5.9)

746

85.9

(18.0)

1,660

88.3

(3.7)

Americas

807

69.7

(3.2)

1,506

69.4

(4.1)

653

75.1

(19.1)

1,469

78.1

(2.5)

Europe

13

1.1

(7.1)

35

1.6

9.4

4

0.5

(69.2)

7

0.4(80.0)

Asia and Others

3

0.3(40.0)

5

0.2(58.3)

1

0.1(66.7)

3

0.2(40.0)

Japan

87

7.5

1.2

178

8.2

(18.0)

88

10.2

1.1

181

9.6

1.7

96

8.3

(10.4)

126

5.8(33.1)

30

3.4(68.7)

47

2.5(62.7)

67

5.8

(8.2)

92

4.2

(27.0)

24

2.7(64.2)

35

1.9(62.0)

Europe22

1.9(12.0)

26

1.2(42.2)

5

0.6(77.3)

10

0.5(61.5)

Asia and Others

6

0.5(14.3)

8

0.4(50.0)

1

0.1(83.3)

2

0.1(75.0)

Information Equipment
Americas

Japan

1

0.1

(50.0)

0

0.0

－

0

0.0

－

0

0.0

－

Others

152

13.1

(4.8)

320

14.8

0.1

92

10.7

(38.9)

172

9.2(46.3)

Total

1,158

100.0

(3.9)

2,170

100.0

(7.2)

868

100.0

(25.0)

1,879

100.0

(13.4)(3) Sales by Equipment in Areas
FY 20142Q (Apr. ‐ Sep.)

Full‐Year%%

AmountAmericas

Change Amount

950

82.0

Audio Visual Equipment

807

Information Equipment

67

Others76

Europe35

Audio Visual Equipment

Change Amount

(3.3)

1,766

81.4

69.7

(3.2)

1,506

5.8

(8.2)

92

6.5

1.3

168

3.0

(9.9)

61

13

1.1

(7.1)

Information Equipment

22

1.9

Others0

0.0Asia and Others

2Q (Apr. ‐ Sep.)%（Units : 100 million yen, %）FY 2015
Full‐Year (Projections)

Change Amount

(4.5)

701

80.6

69.4

(4.1)

653

4.2

(27.0)

24

7.8

9.1

24

2.8

2.8

(20.9)

9

1.1

35

1.6

9.4

4

0.5

(12.0)

26

1.2(42.2)

5

－

0

0.0

－

0

%

Change(26.2)

1,541

82.0

75.1

(19.1)

1,469

78.1

(2.5)

2.7

(64.2)

35

1.9(62.0)(68.4)

37

2.0(78.0)(73.5)

17

0.9(72.1)(69.2)

7

0.4(80.0)

0.6(77.3)

10

0.5(61.5)

0.0

－

0

0.0

－

(12.7)

12

1.1(12.5)

21

1.0(34.6)

5

0.6(55.2)

8

0.4(60.9)

Audio Visual Equipment3

0.3(40.0)

5

0.2(58.3)

1

0.1(66.7)

3

0.2(40.0)

Information Equipment

6

0.5(14.3)

8

0.4(50.0)

1

0.1(83.3)

2

0.1(75.0)

Others

3

0.3

50.0

8

0.4

100.0

3

0.4

0.0

3

0.1

(62.5)

161

13.9

(5.6)

322

14.8

(15.5)

153

17.7

(4.6)

313

16.7

(2.7)

Audio Visual Equipment

87

7.5

1.2

178

8.2

(18.0)

88

10.2

1.1

181

9.6

1.7

Information Equipment1

0.1(50.0)

0

0.0

－

0

0.0

－

0

0.0

－

73

6.3

(11.0)

144

6.6(11.1)

65

7.5(11.0)

132

7.1

(8.3)

1,158

100.0

(3.9)

2,170

100.0

(7.2)

868

100.0

(25.0)

1,879

100.0

(13.4)Japan

OthersTotal－3－

3．Summary of 2Q (July to September) Financial Statements (Consolidated)(1) Operating Results（Units : 100 million yen, %）FY 2014

FY 2015

2Q (Jul. ‐ Sep.)

2Q (Jul. ‐ Sep.)%

AmountChangeNet Sales

728

100.0

Operating Income (Loss)

34

Ordinary Income (Loss)52

Net Income (Loss) after Tax

49%

AmountChange

3.8

491

100.0

(32.5)

4.7

50.6

(11)

(2.3)

－

7.2

160.9

(30)

(6.1)

－

6.8

685.2

(36)

(7.5)

－

（※） Yen‐Dollars / Exchange rate
（Units : Yen / Dollars）
FY 2014

FY 2015

2Q (Jul. ‐ Sep.)

2Q (Jul. ‐ Sep.)

Average Rate in each Period

105.34121.72(2) Sales by Equipment（Units : 100 million yen, %）FY 2014

FY 2015

2Q (Jul. ‐ Sep.)

2Q (Jul. ‐ Sep.)%

AmountChange%AmountChange

614

84.3

9.6

435

88.6

(29.2)

DVD

26

3.6

(31.6)

35

7.1

34.6

BD

47

6.5

42.4

24

4.9

(48.9)LCD TV

528

72.5

9.8

366

74.6

(30.7)

Others

13

1.8

62.5

10

2.0

(23.1)

Audio Visual Equipment

Information Equipment

39

5.4

(32.8)

15

3.1(61.5)

Others

75

10.3

(8.5)

41

8.3

(45.3)

Total

728

100.0

4.0

491

100.0

(32.5)－4－

（Company）

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