FOR IMMEDIATE RELEASE
January 26, 2022
Consolidated Financial Results for the Third Quarter Ended December 31, 2021
(April 1, 2021 to December 31, 2021)
FDK CORPORATION
Listing Code No. 6955 (Listing Stock Exchange: The Second Section of Tokyo Stock Exchange)
Address : Shibaura Crystal Shinagawa, 1-6-41 Konan, Minato-ku, Tokyo 108-8212 Japan
Contact : Corporate Business Planning OfficeE-mail: prir-tyo@fdk.co.jp
The Consolidated Financial Results is unaudited/U.S. GAPP is not applied

1. Consolidated Results for the Nine-Months Period Ended December 31, 2021a. Consolidated Statements of Income
Yen(millions)
Nine months
Nine months
ended Dec. 31,
ended Dec. 31,
2020
2021
45,35445,621Net Sales
1,373
1,966
Operating Profit
895
1,832
Ordinary Profit
1,655
1,907
Profit attributable toowners of parent

Amounts Per Share of Common Stock:
Basic Earnings
Diluted Earnings

47.97 yen
- yen

Change (%)
0.6
43.2
104.6
15.2

(URL: https://www.fdk.com)

Yen(millions)
FY2020,ended Mar. 31,
2021
61,543
1,743
1,274
2,009

55.27 yen
- yen

58.24 yen
- yen

U.S.Dollars(millions)Nine months
ended Dec. 31,
2021$411.00$17.71$16.50$17.1850.24 cent
- centb. Net Sales by Business Segment

Batteries
Electronic Devices
TotalYen(millions)
Nine months
ended Dec. 31,
2020
33,851
11,50345,354

Yen(millions)
Nine months
ended Dec. 31,
2021
32,363
13,25845,621

Yen(millions)
FY2020,ended Mar. 31,
2021
45,58015,96361,543c. Consolidated Financial Position

Total Assets
Net Assets
Owners' Equity
Capital Adequacy Ratio

Yen(millions)
As of March 31,
As of Dec. 31,
2021
2021
48,064
46,82910,88813,148
10,882
13,14222.6 %
28.1 %

d. Consolidated Statements of Cash Flows

Cash Flows fromOperating Activities
Cash Flows from
Investing Activities
Cash Flows from
Financing Activities
Cash and Cash Equivalents
at End of Period

Yen(millions)
Nine months
Nine months
ended Dec. 31,
ended Dec. 31,
2020
2021
1,042
2,026
342

(3,336)(3,159)(2,763)

7,362

3,098

(Notes for the Consolidated Operating Results (from 1.a to 1.d)
1. All amounts less than one million yen have been disregarded.
2. U.S. dollar amounts are translated from yen, for convenience only, at the rate of 111.00 yen=$1
3. The percentage in this statement presents rate of change compared with the same period last year.

U.S.Dollars(millions)
Nine months
ended Dec. 31,2021$291.56$119.44$411.00

2. Consolidated Forecast for the year ending March 31, 2022
(Million of yen, except per share data)

Net Sales
Operating Profit
Ordinary Profit
Profit attributable to owners of parent
Basic Earnings Per ShareFY2021
Change from FY2020
60,000-2.5 %
1,900
9.0 %
1,500
17.7 %
1,600-20.4 %
46.37 yen- yen

FY202061,543
1,743
1,274
2,009
58.24 yen

Note for the use of the above forecasted business results.
The financial forecast described above is based upon information available as of April 27, 2021.

3. Others(1) Material changes in significant subsidiaries during the period: No
Consolidated Subsidiaries
10 companies
Unconsolidated Subsidiaries (equity method applied)
2 companies
Affiliates (equity method applied only)
0 companies(2) Applying of specific accounting of the consolidated quarterly financial statements: No(3) Changes in accounting policies, accounting estimates, and retrospective restatement
1) Changes in accounting policies based on revisions of accounting standard: Yes
2) Changes in accounting policies other than ones based on revisions of accounting standard: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Number of issued and outstanding shares (common stock)1) Number of issued and outstanding shares at the end of fiscal year. (including treasury stock)
Dec. 31, 2021: 34,536,302 shares
March 31, 2021: 34,536,302 shares
2) Number of treasury stock at the end of each period
Dec. 31, 2021: 29,661 shares
March 31, 2021: 29,057 shares
3) Average number of shares in each period.
Dec. 31, 2021: 34,506,909 sharesDec. 31, 2020: 34,507,644 shares(Notes)1. This information is a summary of the earnings report. It does not contain all details included in the earnings reportdisclosed in Japanease.

Consolidated Balance Sheet
Millions of yen

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Notes and accounts receivable - trade and contract assets
Merchandise and finished goods
Work in processRaw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netMachinery, equipment and vehicles, netTools, furniture and fixtures, net
Land
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded obligations - operating
Short-term borrowings
Lease obligations
Accounts payable - other
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Lease obligations
Deferred tax liabilities
Retirement benefit liability
Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

FY2020

FY2021Mar 31, 2021

Dec 31, 2021
7,001
15,986
2,786
2,109
3,169
1,323
△ 33
32,344

3,098
16,422
3,682
2,530
4,218
1,211
△ 35
31,127

5,675
4,632
852
2,185
233
1,198
14,776
434

5,508
5,738
823
2,194
175
286
14,727
515

219
38
251
509
15,719

197
31
228
458
15,701

48,064

46,8298,739
3,987
14,900
69
3,038
313
2,729
33,7799,843
4,78712,190
67
1,710
306
1,812
30,715

150
349
2,603
192
100
3,396
37,175

100
270
2,311
175
106
2,964
33,68031,70926,257△ 46,166△ 49
11,75031,70926,225△ 44,266△ 50
13,61738885△ 1,792△ 868
510,88841
1,081△ 1,598△ 475
513,148

48,064

46,829

Consolidated Statement of Income
Millions of yen
FY2020

FY2021

Apr'20-Dec'20

Apr'21-Dec'21

Net sales

45,35445,621

Cost of sales

36,80836,579Gross profit

8,545

9,041

Selling, general and administrative expenses

7,171

7,074

Operating profit

1,373

1,966

Interest income

257

Dividend income

33Subsidy income

1837

Gain on sale of non-current assets

64

1Rental income

158Non-operating income

Other

49

65

Total non-operating income

176

124

Non-operating expenses
Interest expenses

9675

Foreign exchange losses

485

133

Loss on retirement of non-current assets

2840

Other

44

9

Total non-operating expenses

654

258

895

1,832

Gain on liquidation of subsidiaries and associates-459

Gain on sale of shares of subsidiaries and associates

968

13

Total extraordinary income

968472

15-

Ordinary profit
Extraordinary income

Extraordinary losses
Impairment losses
Total extraordinary losses

15-

Profit before income taxes

1,849

2,305

Income taxes-current

215

337

Income taxes-deferred△ 2260Total income taxes

193

398

1,655

1,907

0

△01,655

1,907

ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

Consolidated Statement of Comprehensive Income
Millions of yen
FY2020

FY2021

Apr'20-Dec'20

Apr'21-Dec'21

1,655

1,907

Valuation difference on available-for-sale securities

312

Foreign currency translation adjustment

571

196

Remeasurements of defined benefit plans, net of tax

281

194

ProfitOther comprehensive income

Total Other comprehensive income
Comprehensive income

884

393

2,540

2,300

2,539

2,3000△0（Comprehensive income attributable to）
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

Consolidated Statement of Cash Flows
Millions of yen
FY2020

FY2021

Apr'20-Dec'20

Apr'21-Dec'21

Cash flows from operating activities
Profit before income taxes

1,849

2,305

Depreciation

1,466

1,768Impairment loss

15-△ 968△ 13Loss (gain) on sale of shares of subsidiaries and associates
Loss (gain) on liquidation of subsidiaries and associates
Increase (decrease) in retirement benefit liability
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income-△ 459

△ 329

△ 292

61△ 28△ 11Interest expenses

9675

Foreign exchange losses (gains)

2△0△ 64△1Loss (gain) on sale of property, plant and equipment
Loss on retirement of non-current assets
Subsidy income
Decrease (increase) in trade receivablesDecrease (increase) in inventories

2840△ 18△ 3720△ 39△ 1,650△ 2,198

Increase (decrease) in trade payables

909

1,541

Increase (decrease) in accrued expenses

△ 482

△ 769

Other, net

492

376

Subtotal

1,344

2,287

Interest and dividends received

2811Subsidies received

1837

Interest paid

△ 100

△ 77

Income taxes paid

△ 248

△ 232

Net cash provided by (used in) operating activities

1,042

2,026

△ 1,354△ 3,263

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment

1142

Purchase of intangible assets△ 15△ 116

Purchase of investment securities△4△4Proceeds from sale of shares of subsidiaries and associates

1,600

43

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

02342△ 3,336△ 3,000△ 2,710

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Purchase of treasury shares
Repayments of finance lease obligations
Net cash provided by (used in) financing activities△0△0△ 158

△ 52

△ 3,159△ 2,76373170

Net increase (decrease) in cash and cash equivalents△ 1,701△ 3,903

Cash and cash equivalents at beginning of period

9,063

7,001

Cash and cash equivalents at end of period

7,362

3,098

Effect of exchange rate change on cash and cash equivalents

Consolidated Business Segment Information
Millions of yen
FY2020 Apr'20-Dec'20
Business Segments Reported
ElectronicBatteries
Materials

Total

Adjustments

Consolidated
Statements

Net sales
Unaffiliated customers

33,851

11,50345,354-45,354

-----

Total

33,851

11,50345,354-45,354

Segment profit

1,271

101

1,373-

1,373

Adjustments

Consolidated
Statements

45,621

Intersegment

FY2021 Apr'21-Dec'21
Business Segments Reported
ElectronicBatteries
Materials

Total

Net sales
Unaffiliated customers

32,363

13,25845,621------

Total

32,363

13,25845,621-

45,621

Segment profit

1,387

579

1,966-

1,966

Intersegment