From April 1, 2010
To March 31, 2011

BRIEF SETTLEMENT OF ACCOUNTS FOR THE FISCAL YEAR ENDED MARCH 31, 2011
May 9, 2011
Corporate Resolution

1. Summary of Operating Results (Consolidated)(Million yen)

Fiscal Year 2009

Fiscal Year 2010

From April 1, 2009
to March 31, 2010

From April 1, 2010
to March 31, 2011

AmountAmount%Rate ofincrease or
decrease

%

%

%

%

Net Sales

314,911100.0

295,923

100.0

△6.0

Operating Income

11,148

3.5

772

0.3

△93.1

Ordinary Income

11,684

3.7

1,290

0.4

△89.0

Net Income/Loss after Tax

10,3283.3△1,169△ 0.4−

Net Income/Loss per Share△34.31302.97

Notes: Includes 14 consolidated subsidiaries, 1 non-consolidated subsidiary accounted for by the equity method
and 1affiliated company accounted for by the equity method.

2. Summary of Operating Results (Non-Consolidated)(Million yen)

Fiscal Year 2009

Fiscal Year 2010

From April 1, 2009
to March 31, 2010

From April 1, 2010
to March 31, 2011

AmountAmount%Rate ofincrease or
decrease

%

%

%

%

253,511100.0

248,286

100.0

△2.1

Operating Loss

△339

△0.1

△233

△0.1

−

Ordinary Income/Loss

△445

△0.2

5,943

2.4

−

△ 1,106

△0.4

6,267

2.5

−

Net Sales

Net Income/Loss after Tax
Net Income/Loss per Share△ 32.45183.79Member, Financial Accounting Standards Foundation

Financial Report for the 12-Month Period ended March 31, 2011
May 9, 2011

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: General Manager,Business Finance HQ
Hisao Fuke
TEL: (072) 870-4395
Scheduled date of Annual General Shareholders Meeting; June 22, 2011
Scheduled date of Securities Report to be filed to the Kinki Finance Bureau; June 22, 2011
Scheduled date of Commencement of Annual Dividend Payment; June 14, 2011
1. Summary of Consolidated Results for the Fiscal Year ended March 2011 (April 1, 2010 – March 31, 2011)(1) Operating Results (Consolidated)(% denotes year on year)
Ordinary Income
Net Income
Net Sales
Operating Income
Million yen

Fiscal Year 2010
Fiscal Year 2009

%

△6.0
4.0

295,923
314,911

Million yen

772
11,148

%

△93.1
690.9

Million yen

1,290
11,684Net Income
Per Share

Net Income
Per Shareon a Fully
Diluted BasisNet Income to
Shareholders’Equity

Yen

Yen

%

%

△89.0
852.9

Million yen%△1,16910,328−−

Ordinary Income Operating Income
to Total Assets
to Net Sales%△ 34.31−△ 0.9
302.97300.77
7.5(Reference) Investment profit or loss recognized on equity basis
Fiscal Year ended March 31, 2011
27 million yen
Fiscal Year ended March 31, 2010 △ 33 million yen

%

0.6
5.8

0.3
3.5

Shareholders’Equity Ratio

Net Assets
Per Share

Fiscal Year 2010
Fiscal Year 2009

(2) Consolidated Financial Position
Total Assets
Million yen

193,910204,057

Fiscal Year 2010
Fiscal Year 2009
(Reference)

Net Assets
Million yen

131,228
142,779

%

Yen

67.1
69.6

3,813.57
4,164.86

Cash Flows
Provided by
Financing Activities

Outstanding Amountof Cash and Cash
Equivalents at theEnd of Period

Shareholders’ Equity

Fiscal Year ended March 31, 2011
Fiscal Year ended March 31, 2010

130,088 million yen
141,991 million yen(3) Consolidated Cash Flows

Fiscal Year 2010
Fiscal Year 2009

Cash Flows Provided
by Operating
Activities

Cash Flows Used in
Investing Activities

Million yen

Million yen△5,1653,640

4,070△2,713

Million yen

2,465△ 7,870

Million yen

33,74534,063

2. Dividends
Dividend per Share

Corresponding
Date

1Q End2Q Endyen

3Q Endyen

Year-Endyen

Annual

Total
Dividend
Payment

Dividend to Net
Assets（Consolidated） (Consolidated）

%

yen

yen

Million yen

1,363
1,364

Fiscal Year 2009
Fiscal Year 2010

−
−

0.00
0.00

−
−

40.00
40.00

40.00
40.00

Fiscal Year 2011
(Projection)

−

0.00

−

40.00

40.00

Pay-out Ratio

%

13.2
−

1.0
1.0

26.2

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

Net Sales
Six months ending Sep.30.2011

Full Year

Operating Income Ordinary Income

Million yen%

Million yen

156,800
310,000

1.8
4.8

3,400 △25.9
8,000 935.9%

Million yen%

3,400 △28.8
8,000 519.9

Net Income
Million yen

Net Income
Per Share%Yen

1,200 △69.1
5,200 −

35.18
152.444 Other Information(1) Changes in Consolidated Subsidiaries (Changes in Scope of Consolidation): No(2) Changes in Accounting Practices, Procedures and Presentation Methods for Consolidated Financial Results①Changes arising from revision of accounting standards: Yes,
②Changes arising from other factors: Yes(3) Number of Shares Outstanding (Ordinary Shares)①Number of shares outstanding (including treasury stock) as of March 31, 2011; 36,123,596shares
as of March 31, 2010; 36,104,196shares②Number of shares of treasury stock as of March 31, 2011; 2,011,607shares
as of March 31, 2010; 2,011,531shares③The Average number of outstanding shares on March 31, 2011; 34,099,994shareson March 31, 2010; 34,092,739shares

(Reference)
1. Summary of Non-consolidated Results for the Fiscal Year ended March 2011 (April 1, 2010– March 31, 2011)(1) Operating Results (Non-consolidated)
Net Sales
Million yen

Fiscal Year 2010
Fiscal Year 2009

Fiscal Year 2010
Fiscal Year 2009(% denotes year on year)

Operating Income

Ordinary Income

Million yen%

Million yen%

Million yen

%

△233
△339

−
−

5,943
△445

−
−

6,267
△1,106

−
−

%

△2.1
24.3

248,286
253,511Net Income
Per Share

Net Income
Per Shareon a Fully
Diluted Basis

Yen

Yen

183.79△32.45Net Income

182.86−(2) Financial Position(Non-consolidated)
Total Assets
Million yen

Fiscal Year 2010
Fiscal Year 2009
(Reference)

109,563
107,399

Net Assets

Shareholders’Equity Ratio

Million yen

76,851
71,759Net Assets
Per Share
%

70,1
66.8

Yen

2,250.35
2,103.00

Shareholders’ Equity

Fiscal Year ended March 31, 2011
Fiscal Year ended March 31, 2010

76,763 million yen
71,696 million yen

Note:
This document contains forward-looking statements and projections regarding business performance which are
not historical facts. Please note that these statements are based on the current expectations, assumptions, estimatesand projections of the Funai Group in light of the information currently available to it. Actual performance may
materially differ from projections included in this document because of the impacts of uncertainty in various
factors. For the assumptions and other related matters concerning consolidated results forecast, please refer to“(1)Analysis of Business Performance”of “1 Business Performance.”

1. Business Performance(1) Analysis of Business Performance① Summary of the consolidated fiscal year under review(Market environment)
During the fiscal year ended March 31, 2011, the economy of the United States, which is the Funai Group’s principal
market, was characterized by a gradual overall recovery. Government initiatives, coupled with quantitative easing,bolstered stock market performance, supporting personal consumption. On the other hand, the housing market was
lackluster, unemployment remained high, and gasoline prices surged, causing uncertainty about future consumption
levels.
In the consumer electronics market, sales of mainstay LCD televisions were strong in China and other emerging
markets. Sales also increased in Japan, spurred by government efforts to stimulate consumption (the home electronics
eco-point system). In Europe and the United States, market growth is slowing, owing to already-high productpenetration. In these markets, sales failed to increase, as consumers held back on purchasing high-end new products,
such as LED-backlit and 3D televisions, out of income uncertainty. These circumstances put downward pressure on
prices, while raw materials costs continued to escalate, squeezing profits.
As a result of these circumstances, the Funai Group posted a 6.0% year-on-year decrease in net sales, to JPY 295,923
million.
On the profit front, operating income plunged 93.1%, to JPY 772 million; ordinary income dropped 89.0%, to JPY
1,290 million; and the Group recorded a net loss of JPY 1,169 million, compared with net income of JPY 10,328
million in the preceding fiscal year.
Segment conditions by location were as follows:i) Japan
In addition to the growth in sales of LCD televisions as a result of the positive effect of the“Eco-Point” program, sales of antennas and related devices increased as a result of the transition
to digital terrestrial broadcasting. Moreover, robust sales of Blu-Ray disc recorders introduced by
the Group in the third quarter of the previous fiscal year, and the growth in sales of informationequipment contributed to the Group posting net sales of JPY 153,662 million (a 34.6% increase
from the previous term) and operating income of JPY 7,219 million (a 63.7% increase from theprevious term) for the Japan market.
ii) North America
No sales relating to TV set-top boxes1 (STBs) targeted for the U.S. market was generated during
the quarter as production for such devices were halted in June 2009. In addition to this, sales of
DVD-related devices fell as compared to same period last year as demand for DVD players and
Blu-Ray Disc players remained weak. Also, the decline in consumer demand for LCD televisions(the Group’s core product in the market), and the resultant fall in the unit price for such products
resulted in the Group posting net sales of JPY 133,079 (a fall of 30.6% from the previous term) andoperating loss of JPY 6,663 (as compared to a JPY 3,646 million operating profit in the previousterm) in the North American market.
1 This product converted digital signals to analog signals, allowing users to view digital terrestrial

broadcasts on an existing analog television. In the United States, analog terrestrial broadcasting
ended in June 2009.
iii) Asia
As a result of components and other sales, the Group posted net sales of JPY 2,696 million (a157.1% increase from the previous term) and operating income of JPY 2,086 million(a fall of 65.2%
from the previous term) in the Asia (excluding Japan) market.
iv) Europe
Difficult economic conditions caused sales of LCD televisions and DVD-related devices to fall, prompting a
17.1% decline in net sales, to JPY 6,486 million. The operating loss amounted to JPY 1,748 million, up from
JPY 1,204 million in the previous term.
Sales by Product Segment were as follows:i) Audio-Visual Equipment
In the audio-visual equipment segment, the Group was able to increase the volume of LCD
televisions unit sold but due to intense price competition in the market, sales fell. In the field of
DVD related products, despite the top-line contribution of Blu-Ray disc recorders that werelaunched onto the market during the third quarter of the previous fiscal year, sales fellsignificantly from the same period last year. This was mainly because of the lack of sales
generated by TV STBs in the US market after the Group’s decisions to halt production for suchdevices in June 2009 and the marked decline in sales of DVD players and Blu-Ray disc players.
Consequently, net sales for this product segment fell to JPY 198,606 million (a fall of 15.0% fromthe previous term).

ii) Information Equipment
In the information equipment sector, an increase in orders for printers and other factors resulted
in the Group posting net sales of JPY 56,405 million (a 3.3% increase from the previous term).
iii) Others Products
Sales of other products that are not included in the above categories increased as strong demand
for antennas and related devices as a result of the transition to digital terrestrial broadcasting
took hold. Consequently, the Group posted sales of JPY 40,912 million (a 52.9% increase from theprevious term) in this product segment.
Note: As of the first quarter of the consolidated fiscal year, sales of antennas that were previously
categorized under the “Audio-Visual Equipment” segment has been transferred to the “Other
Products” segment. Further, prior year sales figures for “Audio-Visual Equipment” include the sale ofantennas. For reference purposes, sales of antennas during the previous term totaled JPY 3,595
million.
② Outlook for the next consolidated fiscal year
For the fiscal year ending March 31, 2012, the Funai Group expects the operating climate to remain problematic,
plagued by ongoing uncertainty in its operating environment. Nevertheless, we expect profits to improve, centeringon such products as LCD televisions and Blu-ray Disc-related products. To this end, we will further cultivate theFunai Production System (FPS), entrench cost reductions, promote the use of information technologies, improve
operations and reinforce risk management.
The outlook for the next consolidated fiscal year is provided below.
< Consolidated operating results >Net sales
Operating income
Ordinary income
Net income

JPY 310,000 million
8,000 million
8,000 million
5,200 million(4.8% increase year-on-year)(935.9% increase year-on-year)(519.9% increase year-on-year)( − )For its earnings estimates, the Company has assumed an exchange rate of JPY83 = US$1.00. The operating results
outlook is a forward-looking statement about the future performance of the Company and is based on management’s
assumptions and beliefs in light of information currently available, and involves known and unknown risks anduncertainties. Various factors such as changes in economic conditions overseas, especially in the main U.S. market,
and severe price fluctuations may cause actual events and results to differ materially from those anticipated in thesestatements.

(2) Analysis of Financial Position① Condition of total assets, total liabilities and net assets
Total assets increased by JPY 10,147 million as compared to the end of the previous consolidated fiscal year. Thiswas mainly due to an increase of JPY 2,715 million and JPY 2,420 million for Goods and Products and Raw
Materials and Inventories, respectively, and a decrease of JPY 15,969 million in cash and cash equivalents.
Total liabilities increased by JPY 1,404 million as compared to the end of the previous consolidated fiscal year.
This was mainly due to the JPY 3,758million increases in short-term loans payable and decrease of JPY 2,366
million in notes and accounts payables.
Net assets fell by JPY 11,551 million as compared to the end of the previous consolidated fiscal year. This was
mainly due to the JPY 9,549 million decreases in the foreign currency translation adjustment account.
② Condition of cash flow
With regard to consolidated cash flow for the consolidated fiscal year under review, net cash used in operating
activities was JPY 5,165 million. Net cash earned in investing activities was JPY 4,070 million. Net cash earned infinancing activities was JPY 2,465 million. The balance of cash and cash equivalents at end of the consolidated
fiscal year under review was JPY 33,745 million.
The cash flow indicator trends for the Funai Group are provided below.
FY ended
FY ended
FY ended
March 2007
March 2008
March 2009
Shareholders’ equity ratio
68.5
70.3
67.6
Shareholders’ equity ratio on
a market capitalization basis
Ratio of cash flow tointerest-bearing debt
Interest coverage ratio

FY ended
March 2010
69.6

FY ended
March 2011
67.1

140.6

52.1

49.1

65.8

43.6

0.3

一

一

1.9

一

38.7

一

一

43.7

一

Shareholders’ equity ratio: Equity capital/total assets
Shareholders’ equity ratio on a market capitalization basis: Total market capitalization/Total assets
Ratio of cash flow to interest-bearing debt: Interest-bearing debt/Operating cash flow
Interest coverage ratio: Operating cash flow/Interest payments* All indicators are calculated using financial values on a consolidated basis.
* Total market capitalization is calculated by multiplying the closing share price at the end of the consolidated fiscal
year by the number of shares outstanding (after deducting treasury stock) at the end of the consolidated fiscal year.
* Cash flow from operating activities shown on the Consolidated Statements of Cash Flows is used as operating cash
flow. Interest-bearing liabilities include all liabilities on which the Company pays interest that are accounted for on
the Consolidated Balance Sheets. The amounts shown as interest expense on the Consolidated Statements of Cash
Flows are used as interest payments.
* The ratio of cash flow to interest-bearing debt and the interest coverage ratio for the fiscal years ended March 2008,
March 2009 and March 2011 have been omitted because cash flow from operating activities was negative.
(3) Basic Policy Concerning Distribution of Earnings and Dividends for the Consolidated Fiscal Year under Review
and Next Fiscal Year
With regard to the distribution of earnings, the Company recognizes the return of earnings to shareholders is an
important management issue, and considers the maintenance of stable dividends while taking steps to strengthen the
Company’s management base to be a fundamental policy. The Company implements a positive dividend policy,
which takes into consideration factors such as the operating environment, based on a dividend ratio of 1.0% ofconsolidated net assets as a specific standard.
Based on the policy indicated above, for the fiscal year under review the Company plans to pay a year-end dividendof JPY40 per share. The Company also projects a dividend of JPY40 per share in the next consolidated fiscal year.
The Company plans to implement dividend payments as a year-end dividend (once a year).
(4) Business and Other Risks
The Company has omitted disclosure of business and other risks because there are no material changes from theinformation described in the most recent financial statements (submitted on June 22, 2010).

2. Current Conditions of the Company’s GroupThe Company has omitted disclosure of this item because there are no material changes from the information reported
in “Diagram of Operating Business Relationships (Business Contents)” and “Affiliated Companies” in the most recent
financial statements (submitted on June 22, 2010).

3. Management Policies(1) Basic Management Policy of the Company
As its basic management policy, Funai Electric Co., Ltd. will pursue its business activities by building strong trustand seeking the mutual prosperity of all parties related to the Company as its basic policy, by creating the mostefficient development, manufacturing and sales organization possible and stably supplying high quality and fairly
priced products to global markets, based on a corporate creed of continual product improvements, promotion ofdeeper trust and further harmony and mutual prosperity.
(2) Management Indicators Established as Objectives
As a management indicator for the Funai Group, the Company places the greatest emphasis on operating income
margin, and will seek to achieve an operating income margin of at least 5% at all companies over the medium term.
(3) Medium to Long-term Management Strategy and Issues to be addressed
In the consumer electronics industry, as digital products have become more prevalent, product life cycles havegrown shorter and prices have continued to decline rapidly. At the same time, competition has grown fiercer in linewith the launch of products integrating hardware, networks and content, meeting customer needs but blurring
conventional product and industry boundaries.
The Funai Group will address the challenges presented by this stringent competition by concentrating on
management speed, while striving to bolster sales and return to profitability via thoroughgoing efforts to deliver
popular products. To achieve these aims, we will optimize our allocation of management resources and further
cultivate the Funai Production System (FPS), one of our core competencies. At the same time, we will make betteruse of information technologies in an effort to enhance groupwide efficiency.
In this environment, we will endeavor to enhance the Group’s corporate value by implementing the policies outlined
below.
① Increasing net sales and returning to profitability
The Funai Group has positioned the increase of net sales and improvement of earnings as its highest priority issue.
(Product strategy)
In audio-visual equipment, a decline in consumer purchasing propensity in our mainstay U.S. market put sharp
downward pressure on prices, causing category sales to fall year on year and resulting in losses. To address thissituation, we are working to make our products more competitive pricewise through redesigns and by restructuring
our component sourcing system. We also recognize the need to strengthen and stabilize our revenue and profit basethrough more stringent purchase, selling and inventory (PSI) management. We will develop a system for launchingproducts more flexibly in response to shifts in demand for high-value-added LCD televisions, such as those withLED backlights, and 3D and Internet-enabled models. For Blu-ray Disk-related products, in addition to launching
3D, Internet-enabled and portable players, we plan to round out our product lineup with 3D recorders and otheritems. Through such efforts, we will work to expand sales and recover profitability.
In information equipment as well, the Company will strive to increase sales by proactively introducing
high-value-added products that take advantage of the Company’s base of expertise in mechatronics, as well as
Internet- and telecommunications-related products.
(Market strategy)
We will endeavor to raise the Group’s net sales by boosting our sales in Europe and Japan and by entering BRICs andother emerging markets. At the same time, we will strive to reduce the risk of overemphasizing the U.S. market andto smooth production and sales throughout the year, mitigating the effects of seasonality.
Although we had planned to introduce LCD televisions into the Chinese market during the fiscal year under review,
excessive competition and difficult market conditions caused us to reconsider. In contrast, we have begun building asystem that will enable us to develop these operations in Brazil and other Latin American markets.
(Sales channel strategy)
In addition to maintaining or expanding business with important Japanese and overseas customers, we recognize thatto attract new customers we must enhance our communications, respond more quickly and precisely to market needs
and pay closer attention to customer requirements.
In October 2010, we acquired from Royal Philips Electronics their hospitality business, which involves the provisionof LCD televisions to hotels and hospitals in North America. We expect this new business channel to be highly
profitable.
Through the steady implementation of the above-mentioned strategies, we plan to minimize the time lags between
product planning, development, material procurement, production and sales, enabling us to provide products in atimely manner that meet market needs precisely.
② Reinforcing manufacturing and development systems
The Funai Group’s manufacturing structure is highly dependent on China, and we recognize this as a risk that must
be mitigated. To diversify production, we will increase capacity at FUNAI (THAILAND) CO., LTD. and have begun
studying the possibility of manufacturing in other locations.
To increase groupwide development efficiency, as well as to reduce development costs, we are also moving forwardwith efforts to expand our development facilities in China and other Asian countries.
③ Training and appointment of human resources
The Company recognizes that improving each employee’s capabilities and being able to link this to bolstering thestrength of the Funai Group will be critical for ensuring the Funai Group stays in the lead in the new era of global
competition and implementing the Group’s medium to long-term business strategy. Therefore the Company’s policy
is to actively train and assign employees, without regard to whether they are younger employees or mid-career staff,
by strengthening and expanding its internal or external training systems.

4. Consolidated Financial Statements(1).Consolidated Balance Sheets(Mil. Yen)
Fiscal year 2009
(As of March 31, 2010)

Fiscal year 2010
(As of March 31, 2011)ASSETS;
Current Assets
Cash and deposits

86,04570,076

Notes and accounts receivable-trade35,15436,367

Merchandise and finished goods

20,85023,565Work in process

1,510

1,795

Raw materials and supplies

16,057

18,477

Deferred tax assets

4,131

3,721

Other

3,586

4,956

Allowance for doubtful accounts

△ 179

△ 139

Total current assets

167,155

158,820

13,87013,703

Depreciation and amortization△ 7,741△ 8,002

Buildings and structures (net)

6,129

5,700

Machinery,equipment and motor vehicles

20,49020,807△ 19,127△ 17,982

Machinery,equipment and motor vehicles (net)

1,363

2,824

Tools,furniture and fixtures

35,027

29,400Depreciation and amortization△ 32,483△ 27,171

Tools,furniture and fixtures (net)

2,543

2,228

Lands

5,180

5,136

537

650

△ 125

△ 258

Lease assets (net)

411

391

Other

24

7

15,654

16,290Patent right

3,665

2,786

Other

1,208

933

Total intangible fixed assets

4,874

3,720

Noncurrent assets
Tangible fixed assets
Buildings and structures

Depreciation and amortization

Lease assets
Depreciation and amortization

Total tangible fixed assets

Intangible assets

(Mil. Yen)
Fiscal year 2009
(As of March 31, 2010)

Fiscal year 2010
(As of March 31, 2011)

Investment and other assets
Investment securities

6,134

6,268

Deferred tax assets

4,803

4,239

Other

6,210

4,924

Allowance for doubtful accounts

△ 775

△ 352

Total investments and other assets

16,373

15,07936,90235,089204,057

193,910Notes and accounts payable-trade

31,30528,938

Short-term loans payable

6,338

10,096

Accounts payables

11,035

12,555

162

205

1,799

2,071

1

1

400

484

Reserve for products guarantee

1,899

1,225

Other

3,266

3,347

Total current liabilities

56,20858,926Long-term loans payables

566

33

lease liabilities

387

368

Deferred tax liabilities

21

63

Revalued deferred tax liabilities

285

274

Reserve for retirement benefits

1,386

1,354

Allowance for officers' retirement gratuities

1,042

1,038

Other

1,379

623

Total noncurrent liabilities

5,069

3,755

61,277

62,681

Total noncurrent assets
TOTAL ASSETSLIABILITIES;Current Liabilities

lease liabilities
Income taxes payable
Deferred tax liabilities
Allowance for bonus

Noncurrent liabilities

TOTAL LIABILITIES(Mil. Yen)
Fiscal year 2009
(As of March 31, 2010)

Fiscal year 2010
(As of March 31, 2011)

NET ASSETS;
Shareholders' equity
Capital stock

31,28031,300Capital surplus

33,24533,265Retained earnings

119,272

116,738

Treasury stock△ 24,340△ 24,341

159,457

156,962470

612△ 17,936△ 27,486

Subscription right to shares

62

87

Minority interests

726

1,052

142,779

131,228204,057

193,910

Total shareholders' equity

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

Foreign currency translation adjestment
Total accumulated other comprehensive income

Total net asset
TOTAL LIABILITIES AND NET ASSETS

(2). Consolidated Statements of Income and Consolidated Statement of Comprehensive Income(Consolidated Statements of Income)(Mil. Yen)
Fiscal year 2009

Fiscal year 2010

( from April 1, 2009
to March 31, 2010 )
314,911( from April 1, 2010
to March 31, 2011 )
295,923

Cost of sales

257,442

255,614Gross profit

57,46940,308Selling, general and administrative expenses

46,321

39,536

Operating income/loss(△）

11,148772Interest income

655

370

Dividends income

34

27

Equity in profit of affliates and unconsolidated subsidiarie−

27

Foreign exchange gains−

196

Rent income
Other

−
401

107

1,091

897

Interest expenses

83

132

Equity in losses of affiliates

33−

Foreign exchange losses

103

Loss on investments in partnership

204

−
41

Commitment fee for syndicated loan

71

47

Other

58

158

Net sales

Non-operating income

Total non-operating income

167

Non-operating expenses

Total non-operating expenses

555

379

11,684

1,290

Gain on sales of noncurrent assets

1

9Profit on Sales of Investment Securities

97

282

Other

6

36

105

328

Loss on disposal of noncurrent assets

95

31

Liquidation loss on affiliated company
Loss incurred though bad debt

−
105

88

Loss on impairment

64−

Import customs duties in previous years

575

Other

71

−
45

Ordinary income/loss(△）
Extraordinary income

Total extraordinary income
Extraordinary loss−

Total extraordinary loss

911

166

Income before income taxes

10,877

1,453

2,520

1,642

△ 2,205

633

Income taxes
Income Tax Adjustments
Total income taxes

314

2,276

Loss before minority interests

−
234

△ 823

10,328△ 1,169

Minority interests in income
Net income / loss

346

(Consolidated Statement of Comprehensive Income)(Mil. Yen)
Fiscal year 2009

Fiscal year 2010

( from April 1, 2009
to March 31, 2010 )Loss before minority interest adjustment−( from April 1, 2010
to March 31, 2011 )△ 823

Other comprehensive Income
Valuation difference on avaiable-for-sale securities−

142

Foreign currency translation adjestment
Share of other comprehensive income of associates
accounted for using equity method
Total other comprehensive Income−△ 9,661−90−△ 9,428−△ 10,252

Comprehensive income attributable to owners of parent−△ 10,578

Comprehensive income attributable to minority interests−

326

Comprehensive income(Breakdown)

(3).Consolidated Statements of Changes in Shareholders' Equity(Mil. Yen)
Fiscal year 2009

Fiscal year 2010

( from April 1, 2009
to March 31, 2010 )( from April 1, 2010
to March 31, 2011 )Shareholders' equity
Capital stock
Balance at the end of previous period

31,28031,280−19

Changes of items during the period
New issue of stock−19

31,28031,30033,24533,245New issue of stock−

19

Total changes of items during the period−

19

33,24533,265110,047

119,272△ 1,363△ 1,363

10,328△ 1,169

259

−

9,224

△ 2,533

119,272

116,738△ 24,340△ 24,340

Purchase of treasury stock△0△0

Total changes of items during the period△0△0△ 24,340△ 24,341

150,233

159,457−

39△ 1,363△ 1,363

10,328△ 1,169

△0

△0

259

−

9,223

△ 2,494

159,457

156,962

Total changes of items during the period
Balance at the end of current period
Capital surplus
Balance at the end of previous period
Changes of items during the period

Balance at the end of current period
Retained earnings
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net profit or net loss (△）
Increase due to merger of a non-consolidated subsidiary by aconsolidated subsidiary
Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the end of previous period
Changes of items during the period

Balance at the end of current period
Total shareholders' equity
Balance at the end of previous period
Changes of items during the period
New issue of stock
Dividends from surplus
Net loss
Purchase of treasury stock
Increase due to merger of a non-consolidated subsidiary by aconsolidated subsidiary
Total changes of items during the period
Balance at the end of current period

(Mil. Yen)
Fiscal year 2009

Fiscal year 2010

( from April 1, 2009
to March 31, 2010 )( from April 1, 2010
to March 31, 2011 )Accumulated other comprehensive income
Valuation difference on available-for-sale securities
△ 98

470

Net changes of items other than shareholders' equity

569

141

Total changes of items during the period

569

141

Balance at the end of current period

470

612

△ 14,999△ 17,936△ 2,937△ 9,549

Balance at the end of previous period
Changes of items during the period

Foreign currency translation adjustment
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period△ 2,937△ 9,549

Balance at the end of current period
Total accumulated other comprehensive income△ 17,936△ 27,486△ 15,098△ 17,465△ 2,367△ 9,408

Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity△ 2,367△ 9,408

Balance at the end of current period
Subscription rights to shares△ 17,465△ 26,874

Balance at the end of previous period

1762

Net changes of items other than shareholders' equity

44

25

Total changes of items during the period

44

25

Balance at the end of current period
Minority interests

62

87

Balance at the end of previous period

443

726

Net changes of items other than shareholders' equity

282

326

Total changes of items during the period

282

326

Balance at the end of current period
Total net assets

726

1,052

Balance at the end of previous period
Changes of items during the period

135,596

142,779−39△ 1,363△ 1,363

10,328△ 1,169

△0

△0

259

−

△ 2,040△ 9,057

7,183△ 11,551

142,779

131,228

Total changes of items during the period

Changes of items during the period

Changes of items during the period

New issue of stock
Dividends from surplus
Net loss
Purchase of treasury stock
Increase due to merger of a non-consolidated subsidiary by aconsolidated subsidiary
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period

(4).Consolidated Statements of Cash flows(Mil. Yen)
Fiscal year 2009

Fiscal year 2010

( from April 1, 2009
to March 31, 2010 )( from April 1, 2010
to March 31, 2011)

Net cash provided by (used in) operating activities
Income before income taxes and minority interests

10,877

1,453

Depreciation and amortization

5,756

6,367

64

−

△ 877

13

Increase (decrease) in provision for bonuses−

84

Increase(decrease) in provision for product warranties

−

△ 519

Increase(decrease)in provision for retirement benefits

42

△ 31

△ 689

△ 398

Interest expenses

83

132

Equity in (earnings) losses of affiliates

33

△ 27

Loss on impairment
Increase(decrease) in allowance for doubtful accounts

Interest and dividends income

0

△1

△ 87

△ 282

Loss (gain) on valuation of investment securities

100

Loss on liquidation of subsidiaries and affiliates

1488

Decrease (increase) in notes and accounts receivable-trade△ 7,102△ 5,248

Decrease (increase) in inventories△ 8,587△ 8,950

5,307

2,288

Other, net△ 1,529

2,312

Subtotal

3,318△ 2,718

Interest and dividends income received

1,167

406

Interest expenses paid

△ 83

△ 128

Income taxes paid

△ 2,265△ 2,970

Income taxes refund

1,504

246

Net cash provided by (used in) operating activities

3,640△ 5,165△ 98,887△ 71,744

Repayments from time deposits

100,157

82,008Purchase of property, plant and equipment△ 3,546△ 6,400

8

44

Purchase of intangible assets

△ 790

△ 235

Purchase of investment securities

△ 438

△ 138

540

482

Payment of partial purchase of shares of consolidated subsidiaries

△ 18

−

Payments for loan receivables

△ 16

△2

Collection of loan receivables

92

45

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

Increase (decrease) in notes and accounts payable-trade

Net cash provided by (used in) investment activities
Payments into time deposits

Proceeds from sales of property, plant and equipment

Proceeds from sales of investment securities

Other, net
Net cash provided by (used in) investment activities

186

13

△ 2,7134,070

(Mil. Yen)
Fiscal year 2009

Fiscal year 2010

( from April 1, 2009
to March 31, 2010 )( from April 1, 2010
to March 31, 2011)

Net cash provided by (used in) financing activities△ 6,279

4,496

△ 699

△ 533

Proceeds from issue of stock option−

31

Purchase of fractional shares△0△0△ 1,363△ 1,363

473

△ 164

△ 7,870

2,465

459

△ 1,628

Net increase (decrease) in cash and cash equivalents△ 6,484△ 258

Cash and cash equivalents at beginning of period

40,18034,063

Net increase (△decrease) in short-term loans payable
Repayment of long-term loans payable

Cash dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

Net increase in cash and cash equivalents due to merger
Decrease in cash and cash equivalents due to exclusion from consolidation

Cash and cash equivalents at end of period

367

−

−

△ 59

34,06333,745

(Information by Segment)
Fiscal year 2009 (April 1, 2009 - March 31, 2010)
The Funai Group concentrates on the single business segment of manufacture and sales of electric products.
Therefore, we make no distinction between operating segments.
[Geographic Segment Information]
Fiscal year 2009 (April 1, 2009 - March 31, 2010)
Japan N. America
Net Sales(1) Outside customers(2) Intersegment

114,179
163,001
277,181272,770

191,855
29
191,885
188,238

Asia

1,048
183,812
184,861
178,873

Europe

7,828
3
7,831
9,035

Total

(Units: Million Yen)
Elimination Consolidated

314,911
346,847
661,759
648,918−(346,847)(346,847)(345,154)

Total
Operating Expenses
Operating Income and
4,411
3,646
5,988
12,840(1,692)△1,204Loss(△)
120,424
35,735
102,8139,966
268,939(64,882)
ⅡAssets(Note) 1. Country and area classifications are determined by geographical proximity.
2. Primary countries and areas falling under classifications other than Japan are as follow:(1) North America・・・・United States of America, Mexico(2) Asia・・・・Hong Kong, Thailand(3) Europe・・・・Germany, Poland[Overseas sales]
Fiscal year 2009 (April 1, 2009 - March 31, 2010)
N. America
216,454
ⅠOverseas sales
ⅡConsolidated sales
ⅢRatio of overseas sales to consolidated sales
68.7
(%)

(Note)

Asia
8,822

Europe30,4902.8

9.7

314,911−
314,911
303,763
11,148204,057(Units:Million Yen)
Other
Total
10,765266,531314,911
3.4

84.6

1. Country and area classifications are determined by geographical proximity.
2. Primary countries and areas falling under classifications other than Japan are as follow:(1) North America・・・・United States of America, Canada(2) Asia・・・・Hong Kong, Singapore(3) Europe・・・・Germany, England, France(4)Other・・・・Mexico, Brazil
3. Overseas sales stand for aggregate sales amount of outside Japan by the parent and the consolidated
subsidiaries.

[Segment Information]
1. Summary of Reporting Segments
The Group’s reporting segments are based on those units within the Group where separate financial
information is available and where the Chief Executive Officer (Representative Director, President andExecutive Officer) of the Group periodically deliberates over matters such as the distribution ofmanagement resources and financial performance of such segments.
The Group’s main business is to manufacture and sell electrical equipment and devices. Within Japan,such functions are the responsibility of DX Antenna Co., Ltd. Overseas, the areas of the United States,
Asia and Europe are managed by Funai Corporation, Inc. (North America), P&F USA, Inc. (North
America), Funai Electric (H.K.) Ltd. (Asia), FUNAI ELECTRIC EUROPE Sp.z o.o (Europe), and otherlocally domiciled entities. Each locally domiciled entity is an independently managed unit that engages inbusiness activities after formulating comprehensive strategies on the products to carry in the region.
Consequently, the Group is comprised of location-specific segments that are based on its manufacturing
and sales structure and have established “Japan”, “North America”, “Asia” and “Europe” as its four
reporting segments.

2. Measurement of the amount of sales, income/loss, assets and liabilities and other in each reporting
segment
The accounting policies of the reporting segment are the same as “Basis of presenting consolidated
financial statements”
Net sales of intersegment are based on sales price to outside customers.
(Change in the Rate Applied for Currency Exchange Conversions)
In the past, the Group applied TTS*1 or TTB*2 rates when carrying out foreign currency
exchange conversions. However, as of the second quarter of the consolidated fiscal year, theGroup has decided to use TTM*3 rates instead. This change to utilize TTM rates across all
exchange conversions was made in order to ensure clarity in every income category.
As compared to the results if the rates utilized in the past were applied for exchange conversions, thesales and segment income for “Japan” has increased by JPY902 million and JPY1,112 million for the
fiscal year 2010 ended March 31, 2011.
Please note that the new rates were not applied for the first quarter year-to-date consolidated
period as the Group’s systems were not updated until the second quarter.
Accordingly, the sales and segment income for “Japan” in the first quarter consolidated period
were posted by less amount of JPY301 million and JPY382 million, respectively, compared withafter the changes in the rate applied for currency exchange conversions .

3. Information of the amount of sales, income/loss, assets, liabilities and other in each reporting segment
Fiscal year 2009 (April 1, 2009 - March 31, 2010)
Total(Units: Million Yen)
Adjustments Consolidated(Note 1)

(Note 2)

7,828
3
7,831

314,911
346,847
661,759−(346,847)(346,847)

314,911−
314,911

5,988△1,204

12,840(1,692)

11,14835,735

102,8139,966

268,939(64,882)

204,057

108

2,754

260

5,758

(2)

5,756

−

−

−

119

−

119

0

−

285

−

285

−

285

2,244

204

2,559

140

5,148

(405)

4,743

Japan
Net Sales(1) Sales to outside customers 114,179(2) Inter-segment sales
163,001
Total
277,181
Segment
Incomeand
4,411
Losses(△)
Segment Assets
120,424
Other
Depreciation
and
2,635
amortization
Amortization of goodwill
119
Investment amount to equity
method affiliate
Increase in tangible fixed
assets and intangible assets

N. America

Asia

Europe191,855
29
191,885

1,048
183,812
184,861

3,646

Fiscal year 2010 (April 1, 2010 - March 31, 2011)
Europe(Units: Million Yen)
Adjustments Consolidated

Japan

N. America

Asia

Total

Net Sales(1) Sales to outside customers 153,662(2) Inter-segment sales
126,433

133,079
3

2,696
194,3326,486
8

295,923
320,777

280,096

133,082

197,028

6,494

7,219

△6,663

2,086

122,295

38,8562,866(Note 1)

(Note 2)616,701−(320,777)(320,777)

295,923−
295,923△1,748

893

(121)

772

86,868

5,919

253,939(60,029)

193,910

132

3,139

229

6,368

(0)

6,367

31

−

−

−

31

−

31

Investment amount to equity
method affiliate

−

−

272

−

272

−

272

Increase in tangible fixed
assets and intangible assets

1,188

33

5,353

56

6,630

(200)

6,430

Total
Segment
IncomeandLosses(△)
Segment Assets
Other
Depreciation
andamortization
Amortization of goodwill(Note)

1.Adjustments were as follows.

Segment Income
41
△991
△742

(Units: Million Yen)
Fiscal year 2010
6
△994
866

△1,692△121

Fiscal year 2009
Eliminations
Corporate expenses *Inventories
Total* Corporate expenses that are categorized under adjustments are within segment income mainly comprise general& administration expenses that do not correspond to the reporting segments
Segment Assets
Total assets *Adjustments of inventories
Eliminations

14,381△982△78,281(Units: Million Yen)
Fiscal year 2010
17,934△116△77,847

Total△64,882△60,029

Fiscal year 2009

* Total assets that are categorized under adjustments within segment assets mainly comprise excess cash/deposits,
long term securities for investment that do not correspond to the reporting segments.
(Note)

2. Segment income are adjusted with the operating income reported in the consolidated statements ofincome.

[Related Information]
Fiscal year 2010 (April 1, 2010 - March 31, 2011)
1. Information every product and service
Audiovisual
Equipment
Sales to outside customers
198,606(Units: Million Yen)
Information
Equipment
56,405

Other Equipment
40,912

2. Information every area
(1) SalesJapan
94,196

N. America
155,754

Total
295,923(Units: Million Yen)
Asia
8,505

Europe23,836

Other
13,630Total
295,923(Note) Geographical sales are groupings of nations and regions based on geographical location of customers.

(Units: Million Yen)

(2) Tangible fixed assets
Japan

N. America
9,814

3.

Asia

Europe

159

4,620

Total
1,695

Information every main customer

16,290(Units: Million Yen)

Name of the customer
WAL-MART STORES, INC.

Sales

Associated segment
N. America

79,106[Information of impairment loss in each reporting segments]
Fiscal year 2010 (April 1, 2010 - March 31, 2011)
Not Applicable[Information of goodwill in each reporting segments]
Fiscal year 2010 (April 1, 2010 - March 31, 2011)
Japan

N. America(Units: Million Yen)Asia

All of thecompanies

EuropeAmortization

31

−

−

Goodwill

34

−

−

Total

−

Elimination
−

31

−

−

34

[Information of amortization of negative goodwill in each reporting segments]
Not Applicable(Additional Information)
As of the current fiscal year, the Group has adopted the Revised Accounting Standard for Disclosures about
Segments of an Enterprise and Related Information (Statement No. 17 of the Accounting Standard Board ofJapan dated March 27, 2009) and the Implementation Guidance on the Accounting Standard for Disclosuresabout Segments of an Enterprise and Related Information (Implementation Guidance No. 20 of the
Accounting Standard Board of Japan dated March 21, 2008).

6. Other Information
Detailed Statement of Net Sales by Equipment Type and Region
PeriodClassification(Units: Million Yen)

Fiscal year 2009

Fiscal year 2010

From April 1, 2009

From April 1, 2010

To March 31, 2010

To March 31, 2011

AmountPercent

AmountBy Equipment Type％% increase or
decrease fromthe same periodof the previous
consolidated
fiscal year
Percent

Percent％％

Audiovisual Equipment

233,528

74.2

198,606

67.1

△15.0

Information Equipment

54,62917.3

56,405

19.1

3.3

Other Equipment

26,754

8.5

40,91213.8

52.9

314,911100.0

295,923

100.0

△6.0

％

％

Total

％
Japan

By Region

48,38015.4

94,196

31.8

94.7

N. America

216,45468.7

155,754

52.6

△28.0

Europe30,4909.7

23,836

8.1

△21.8

Asia

8,822

2.8

8,505

2.9

△3.6

Other Areas

10,765

3.4

13,6304.6

26.6

Subtotal

266,53184.6

201,727

68.2

△24.3

314,911100.0

295,923

100.0

△6.0

ExportTotal(Note) Main Products by Equipment Type
Equipment
Audiovisual Equipment

Main Products
LCD Television, DVD Player, DVD Recorder,
Blu-ray Disc Player, Blu-ray Disc Recorder

Information Equipment

Printer

Other Equipment

Receiver-Related Electronic Equipment

From FY2010 antenna set for North America is classified in 'Others' from 'Others in Audio Visual Equipment'
which was classified in FY2009.The sales amount of antenna set for North America in FY2009 was 3,595mil.yen.

from 2010.4.1
to 2011.3.31

Page
1. Summary of Full Year Financial Statements（Consolidated）

1(1) Operating Results, Financial Conditions

1(2) Profitability and Per Share Data etc.

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

1(4) Cash Flow2

2. Operating Activities（Consolidated）

2(1) Sales by Equipment

2(2) Sales by Area in Equipment

3(3) Sales by Equipment in Areas

3

3. Summary of 4Q (Jan.-Mar.)Financial Statements(Consolidated)

4(1) Operating Results

4(2) Sales by Equipment

4

FUNAI ELECTRIC CO.,LTD1. Summary of Full Year Financial Statements (Consolidated)(1) Operating Results,Financial Conditions
FY2009%Amount(Units:100million yen,%)
FY2011（Projections）

FY2010ChangeAmount%ChangeAmount%Change

3,149

100.0

4.0

2,959

100.0

△ 6.0

3,100

100.0

4.8

Operating Income

111

3.5

690.9

7

0.3

△ 93.1

80

2.6

935.9

Ordinary Income
Net Income/Loss after
Tax
Total Assets

116

3.7

852.9

12

0.4

△ 89.0

80

2.6

519.9

103

3.3

−

△ 11

△ 0.4

−

52

1.7

−

2,040

−

−

1,939

−

−

−

−

−

Net Assets

1,427

−

−

1,312

−

−

−

−

−

Net Sales（※） Yen−Dollars / exchange rate

85.21

(Units:Yen / Dollars)
FY2011（Projections）
83.00

（％）

18.2

13.6

FY2011（Projections）
16.3

Operating Income Ratio （％）

3.5

0.3

2.6

Ordinary Income Ratio （％）

3.7

0.4

2.6

Shareholders' Equity Ratio （％）

69.6

67.1

−

Net Assets Per share （yen）

4,164.86

3,813.57−

Net Income Per Share （yen）

302.97△ 34.31152.44

（％）

5.1

△

0.6

−

Return On Shareholders' Equity （％）

7.5

△

0.9

−

2,861

−

FY2009FY2010

Average Rate in each Period

92.60(2) Profitability and Per Share Data etc.
FY2009Gross Profit Ratio

Return On Assets

FY20102,553

Number of Total Employees(3) Capital Expenditures,Depreciation,R&D Expenses
FY2009AmountChangeAmount△ 14.043

Capital Expenditures(Units:100million yen,%)
FY2011（Projections）

FY2010Change60

Amount39.5

Change△ 41.735

FY2009FY2010FY2011（Projections）

Amount % to Sale Change

Amount % to Sale Change

Amount % to Sale Change

Depreciation Expenses

43

1.4

19.4

48

1.6

11.6

47

1.5

△ 2.1

R&D

134

4.3

3.1

129

4.4

△ 3.7

140

4.5

8.5

−1−

(4) CashFlow

Cash flows provided by operating activities

36

△ 51

(Units:100million yen)
FY2011（Projections）−

Income Before Income Taxes

108

14

−

Depreciation Expenses

57

63

−

△ 129

△ 128

−

△ 27

40

−

9

△ 11

−

△ 78

24

−

4

△ 16

−

△

−

FY2009OthersCash 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

FY2010△ 64

equivalents

2

2. Operating Activities (Consolidated)(1) Sales by Equipment
FY2009Amount%(Units:100million yen,%)
FY2011（Projections）

FY2010ChangeAmount%ChangeAmount%Change

2,335

74.2

1.3

1,986

67.1

△ 15.0

2,375

76.6

19.6

DVD

386

12.3

△ 4.0

269

9.1

△ 30.3206

6.7△ 23.4

BD

189

6.0

54.9

353

11.9

86.8

456

14.7

29.2

1,594

50.6

18.8

1,330

44.9

△ 16.6

1,650

53.2

24.1

166

5.3

△ 62.334

1.2△ 79.5

63

2.0

85.3

Information Equipment

546

17.3

21.4

564

19.1

3.3

420

13.6

△ 25.5

Others

268

8.5

△ 1.5

409

13.8

52.9

305

9.8

△ 25.4

Total

3,149

100.0

4.0

2,959

100.0

△ 6.0

3,100

100.0

4.8

Audio Visual Equipment

LCD Televisions
OthersNote:From FY2010 antenna set fot the North America is classified in 'Others' from 'Others in Audio Visual Equipment'
which was classified in FY2009.

−2−

(2) Sales by Areas in Equipment

FY2009Amount%(Units:100million yen,%)
FY2011（Projections）

FY2010ChangeAmount%ChangeAmount%Change

2,335

74.2

1.3

1,986

67.1

△ 15.0

2,375

76.6

19.6

1,970

62.5

△ 0.1

1,289

43.6

△ 34.6

1,602

51.7

24.3

Europe125

4.0△ 40.883

2.8△ 33.6

144

4.6

73.5

Asia and Others

18

0.6

−

38

1.3

111.1

59

1.9

55.3

Japan

222

7.1

80.5

576

19.4

159.5

570

18.4

△ 1.0

546

17.3

21.4

564

19.1

3.3

420

13.6

△ 25.5

North America

185

5.9

6.3

214

7.2

15.7

216

7.0

0.9

Europe

177

5.6

18.8

154

5.2

△ 13.0129

4.2△ 16.2

Asia and Others

168

5.3

37.7

179

6.1

6.5

59

1.9

△ 67.0

Japan

16

0.5

220.0

17

0.6

6.3

16

0.5

△ 5.9

Others

268

8.5

△ 1.5

409

13.8

52.9

305

9.8

△ 25.4

Total

3,149

100.0

4.0

2,959

100.0

△ 6.0

3,100

100.0

4.8

Audio Visual Equipment
North America

Information Equipment(3) Sales by Equipment in Areas

FY2009Amount%(Units:100million yen,%)
FY2011（Projections）

FY2010ChangeAmount%ChangeAmount%Change

2,164

68.7

0.1

1,558

52.6

△ 28.0

1,825

58.9

17.1

Audio Visual Equipment

1,970

62.5

△ 0.1

1,289

43.6

△ 34.6

1,602

51.7

24.3

Information Equipment

185

5.9

6.3

214

7.2

15.7

216

7.0

0.9

Others90.3△ 43.8

55

1.8

511.1

7

0.2

△ 87.3

Europe305

9.7△ 16.2238

8.1△ 21.8

273

8.8

14.7

Audio Visual Equipment

125

4.0

△ 40.883

2.8△ 33.6

144

4.6

73.5

Information Equipment

177

5.6

18.8

154

5.2

△ 13.0129

4.2△ 16.23

0.1△ 25.01

0.1△ 66.7

0

0.0

−

196

6.2

48.5

221

7.5

12.8

118

3.8

△ 46.6

18

0.6

−

38

1.3

59

1.9

55.3

168

5.3

179

6.1

6.5

59

1.9

△ 67.0

10

0.3

4

0.1

△ 60.0

0

0.0

−

484

15.4

942

31.8

884

28.5

△ 6.2

222

7.1

576

19.4

570

18.4

△ 1.0

16

0.5

17

0.6

16

0.5

△ 5.9

246

7.8

349

11.8

41.9

298

9.6

△ 14.6

3,149

100.0

2,959

100.0

△ 6.0

3,100

100.0

4.8

North America

OthersAsia and Others
Audio Visual Equipment
Information Equipment
OthersJapan
Audio Visual Equipment
Information Equipment
Others
Total

37.7
11.1
30.5
80.5
220.0
1.7
4.0

−3−

111.1

94.7
159.5
6.3

3．Summary of Fourth Quarter (Jan.-Mar.) Financial Statements (Consolidated)(1) Operating Results(Units:100million yen,%)Amount

FY2009FY2010

4Q

4Q
Change%Amount%Change

669

100.0

6.6

659

100.0

△ 1.4

Operating Loss

△ 3

△ 0.6

−

△ 32

△ 5.0

−

Ordinary Loss

△ 3

△ 0.5

−

△ 27

△ 4.2

−

11

1.8

−

△ 33

△ 5.1

−

Net Sales

Net Income/Loss after Tax（※） Yen−Dollars / exchange rate
(Units:Yen / Dollars)

Average Rate in each Period

FY2009FY2010

4Q

4Q

90.74

82.33

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

FY2009FY2010

4Q

4Q%

ChangeAmount%Change

468

70.0

△ 4.5

474

71.9

1.3

DVD

55

8.2

△ 5.2

64

9.7

16.4

BD

54

8.1

285.7

107

16.2

98.1

LCD Televisions

348

52.0

11.2

300

45.5

△ 13.8Others11

1.7△ 88.43

0.5△ 72.7

122

18.2

84.8

79

12.0

△ 35.2

Audio Visual Equipment

Information Equipment
Others

79

11.8

11.3

106

16.1

34.2

Total

669

100.0

6.6

659

100.0

△ 1.4

−4−

（Company）

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