FOR IMMEDIATE RELEASE
October 30, 2012

Consolidated Financial Results for the First Half of FY2012(April 1, 2012 to September 30, 2012)

FDK CORPORATION(URL: http://www.fdk.com)

Listing Code No.6955 (Listing Stock Exchange: The Second Section of Tokyo Stock Exchange)
Address : Hamagomu Bldg. 5-36-11 Shimbashi, Minato-ku, Tokyo 105-8677
Contact : Corporate Communication Office, General Affairs Dept.
E-mail: jun@fdk.co.jp
The Consolidated Financial Results is unaudited / U.S. GAPP is not applied

1.Consolidated Operating Results for the Six-Months Ended September 30, 2012a. Consolidated Results of Operations

Net Sales

Yen

Yen

(millions)(millions)

U.S.Dollars(millions)Sx months

Sx months

FY2011,

Sx months

ended Sept.30,

ended Sept.30,

ended Mar. 31,

ended Sept.30,

2011

2012

2012

2012

41,83635,10980,334$452.38

Operating Income(Loss)

251(1,626)

136($20.95)

Ordinary Income(Loss)(76)(1,723)105($22.20)Net Income (Loss)(134)(1,566)359($20.18)(0.62) yen(7.21) yen

1.65 yenAmounts Per Share of Common Stock:
Basic Earnings (Loss)
Diluted Earnings(9.29) cent-b. Net Sales by Business Segment
Yen

Yen

Yen(millions)(millions)(millions)U S Dollars
U.S.Dollars(millions)Sx months

Sx months

FY20１1,

Sx months

ended Sept.30,

ended Sept.30,

ended Mar. 31,

ended Sept.30

2011

2012

2012

2012

Batteries

26,902

21,84552,090$281.47

Electronic Devices

14,933

13,26328,244$170.89

Total

41,83635,10980,334$452.38c. Consolidated Financial Position
Yen(millions)
As of Mar. 31,

As of Sept. 30,

2012

2012

Total Assets

58,42756,334

Total Net Assets

6,933

4,495Shareholders' Equity

6,661

5,094

Shareholders' Equity Ratio

8.0 %

4.6 %

d. Consolidated Statements of Cash Flows
Yen(millions)
Six months

Six months

ended Sept. 30,ended Sept. 30,

2011

2012

Cash Flows from

3,162

(461)

(1532)(351)(1,161)

756

4,299

5,607

Operating Activities
Cash Flows from
Investing Activities
Cash Flows from
Financing Activities
Cash and Cash Equivalents
at End of Period(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 77.61 yen=$1
3.The percentage in this statement presents rate of change compared with the same period last year.

2.Consolidated Financial Forecast for the fiscal year 2012 ending March. 31, 2013
(Million of yen, except per share data)
FY2012

Change from FY2011

FY2011Net Sales(Loss)¥75,000(6.6) %Operating Income¥300

120.5 %

¥136

Ordinary Income¥550

423.8 %

¥105

Net Income¥1,000178.5 %

¥359

Net Income per Share¥80,334

4.6 yen1.65 yen

Note for the use of the above forecasted business results.
The financial forecast described above is based upon information available as of October 30, 2012.
3. Others(1)Changes in material subsidiaries during the period: NoConsolidated Subsidiaries

15 companies

Unconsolidated Subsidiaries (equity method applied)- companies

Affiliates (equity method applied only)

1 companies(2)Adoption of accounting procedures specific to the preparation of quarterly consolidated financial statements: No(3)Changes in accounting policies, changes in accounting estimates, and restatements
1)Changes in accounting policies due to the amendment of accounting standards: No2)Other changes in accounting policies: No3)Changes in accounting estimates:No4)Restatement:No(4)Number of shares outstanding (common stock)
1)Number of shares outstanding at the end of periods.
September 30, 2012 : 217,505,884 shares

March 31, 2012: 217,505,884 shares

2)Number of treasury shares at the end of each period
September 30, 2012 : 231,499 shares

March 31, 2012: 229,956 shares3)Weighted average number of shares outstanding in each period.
Six months ended Sept. 30, 2012 : 217,275,549 shares Six month ended Sept. 30, 2011: 217,278,131 shares

Consolidated Balance Sheets
Millions of yen
FY2011Mar 31, 2012
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Tools, furniture and fixtures, net
Land
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assetsInvestments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Ci iiiCurrent
liabilities
Notes and accounts payable-trade
Short-term loans payable
Lease obligations
Accounts payable-other
Income taxes payable
Provision for loss on desaster
Other
Total current liabilities
Non-current liabilities
Lease obligations
Deferred tax liabilities
Provision for retirement benefits
Negative goodwill
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets

1H/FY2012
Sep 30, 2012

6,178
19,753
2,640
3,556
1,583
107
1,512
(57)
35,274

5,616
18,461
2,904
2,969
1,553
188
1,464
(48)
33,1107,537
7,517
7783,409
462
901
20,605
819

7,913
6,884
807
3,382
1,301
548
20,839
780

144
3
194
1,386
(0)
1,728
23,152

144
1
205
1,253
(0)
1,604
23,22358,42756,334

15,911
21,277
297
1,864
152
156
2,050
41,71014,37022,042
392
1,880
120
137
3,127
42,071

402
3
6,824
2,087
405
9,723
51,433

1,165
1
6,566
1,707
326
9,767
51,83828,301
22,622(44,220)
(41)
6,661

28,301
22,622(45,787)
(41)
5,094

9(1,971)(1,961)
2,294
6,993

8
(2,520)(2,512)
1,9134,495

58,42756,334

Consolidated Statements of Income
Millions of yen
1H/FY2011

1H/FY2012

Apr'11-Sep'11

Apr'12-Sep'12

Net sales

41,83635,109

Cost of sales

36,27331,384Gross profit

5,563

3,725

Selling, general and administrative expenses

5,311

5,352

251

(1,626)

Operating income (loss)
Non-operating income
Interest income
Amortization of negative goodwill
Rent income

97

379

379

8

10

Other111

55

Total non-operating income

509

453

Interest expenses

8583

Foreign exchange losses

585

314

Loss on retirement of non-current assets

2951Other

137

101

Total non-operating expenses

837

550(76)(1,723)Gain on sales of land85-

Total extraordinary income

85-

Settlement package-

239

Total extraordinary loss-

239

Non-operating expenses

Ordinary loss
Extraordinary income

Extraordinary loss

Income (loss) before income taxes

8(1,963)

Income taxes-current

143

79

Income taxes-deferred

(2)

(99)

Total income taxes

141

(19)

loss before minority interests(132)(1,943)2(376)(134)(1,566)

Minority interests in income (loss)
Net lossConsolidated Statements of comprehensive income
Millions of yen

loss before minority interests

1H/FY2011

1H/FY2012

Apr'11-Sep'11

Apr'12-Sep'12(132)(1,943)

Other comprehensive income

3(1)

Foreign currency translation adjustment

(610)

(495)

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

(56)

(58)

Other comprehensive income

(662)

(554)

(795)

(2,498)Comprehensive income attributable to owners of the parent(791)(2,117)

Comprehensive income attributable to minority interests

(3)

(380)

Valuation difference on available-for-sale securities

Comprehensive income（Comprehensive income attributable to）

Consolidated Statements of Cash Flows
Millions of yen
1H/FY2011

1H/FY2012

Apr'11-Sep'11

Apr'12-Sep'12

Net cash provided by (used in) operating activities
Income (loss) before income taxes

8(1,963)

Depreciation and amortization

1,792

1,460

Decrease in provision for retirement benefits

(133)

(258)

Decrease in allowance for doubtful accounts

(4)

(5)

Interest and dividends income(38)(8)

Interest expenses

85

83

Foreign exchange losses (gains)

114Equity in (earnings) losses of affiliates

55

33

Gain on sales of property, plant and equipment

(83)

(1)

Loss on retirement of non-current assets

2951(379)

(379)

-239

Amortization of negative goodwill
Settlement package
Increase in notes and accounts receivable-trade

1,324636

Decrease (increase) in inventories(1,404)

164

Increase (decrease) in notes and accounts payable-trade

2,128(874)

Increase (decrease) in accrued expenses

(159)

591

Other, net

257

(40)

Subtotal

3,490

(267)

Interest and dividends income received

388(127)(82)

Income taxes paid

(238)

(120)

Net cash provided by (used in) operating activities

3,162(461)Interest expenses paid

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

(6)

(6)

Proceeds from withdrawal of time deposits

3300

Purchase of property, plant and equipment(1,654)(1,279)Proceeds from sales of property, plant and equipment

150672

Purchase of intangible assets

(25)

(46)

Purchase of investment securities

(1)

(1)

Other, net

19(1,532)(351)(1,023)874

Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable
Purchase of treasury stock
Repayments of finance lease obligations
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

(0)

(0)

(138)

(117)

(1,161)

756

(325)

(211)

Net increase (decrease) in cash and cash equivalents

143(268)

Cash and cash equivalents at beginning of period

4,156

5,875

Cash and cash equivalents at end of period

4,299

5,607

Consolidated Business Segment Information
Millions of yen
1H/FY2011 Apr'11-Sep'11Business Segments Reported
ElectronicBatteries
Materials

Adjustments

Consolidated
Statements

41,836-

41,836Total

Net sales
Unaffiliated customers
Intersegment
Total
Segment income (loss)

26,902

14,933-----

26,902

14,933

41,836-

41,836

156

94

251

-

251

Adjustments

Consolidated
Statements

1H/FY2012 Apr'12-Sep'12
Business Segments Reported
ElectronicBatteries
Materials

Total

Net sales
Unaffiliated customers

21,845

13,26335,109-35,109

-

----

Total

21,845

13,26335,109-35,109Segment income (loss)(1,857)231(1,626)-(1,626)

Intersegment

Business Results(1) Analysis of Consolidated Business Results
1. Overview
The business environment of the FDK Group (hereinafter called “FDK”) during the first half ofFY2012 which ended on September 30, 2012 remained in severe condition due to the circulation of low
priced foreign products in the market, the continuing high appreciation of yen, and the global economic
recession triggered by the European debt issues.
Under these circumstances, FDK focused on the sales of “PremiumG” of Fujitsu alkaline batteries,
the developing storage devices with Ni-MH batteries, and the development of a system to start mass
production of high performance ferrite at Sanyo Plant. In addition, FDK made the best efforts onlowering the fixed costs by the cut down of production cost, improving the productivities, introducing
lean management and so on.
As for sales, net sales were 35,109 million yen, a decrease of 6,727 million yen from the same period
last year due to the decrease in orders.
As for profits, due to the plunging market, operating loss was 1,626 million yen (operating income
for the same period last year was 251 million yen). Ordinary loss was 1,723 million yen (ordinary loss
for the same period last year was 76 million yen). Net loss for the first half was 1,566 million yen (netloss for the same period last year was 134 million yen).
The divisional sales overview is as follows.

2. Battery Business
Sales of alkaline batteries fairly decreased from the same period last year in Japan, since many
imported alkaline batteries were brought to Japan to respond to the scarce condition after the Great East
Japan Earthquakes in 2011 and these imported batteries expanded their market share since then. Sales of
Ni-MH batteries fairly decreased from the same period last year, due to the decrease in sales forconsumer markets overseas for the sluggish economy in Europe, though they secured a firm position inindustrial market sales. Sales of lithium batteries decreased from the same period last year due to thedecreased sales in Europe, though those sales for fire prevention and security devices in USA weregood.
As a result, sales of the batteries were 21,845 million yen, a decrease of 5,057 million yen from thesame period last year.

3. Electronic Device BusinessAlthough sales of coil devices and piezoelectric components stayed healthy by the recovery ofvehicle production and the booming of single-lens reflex camera market, sales of signal processing
modules for LCDs decreased from the same period last year due to a sales decline caused by thecontinuing production adjustment of the LCD displays for TVs and PCs in the global market. Sales ofswitching power supplies decreased from the same period last year due to a sales decline for storages.
As a result, sales of the electronic devices were 13,263 million yen, a decrease of 1,670 million yen
from the same period last year.

(2) Analysis of Financial Condition
1. Status of Assets, Liabilities and Net Assets
Total assets at the end of first half of FY2012 decreased 2,093 million yen (-3.6%) from the end of
the previous fiscal year to 56,334 million yen. Current assets decreased 2,164 million yen (-6.1%) to33,110 million yen. Non-current assets increased 71 million yen (0.3%) from the end of the previous
fiscal year to 23,223 million yen. The principal causes for decreased current assets were a 1,292 million
yen decrease in notes and accounts receivable-trade, a 586 million yen decrease in work in process, anda 562 million yen decrease in cash and deposits. The principal cause for increased noncurrent assets was
a 233 million yen increase in total property, plant and equipment.
Total liabilities at the end of first half of FY2012 increased by 404 million yen (0.8%) from the end of
the previous fiscal year to 51,838 million yen. Current liabilities increased by 360 million yen (0.9%)
from the end of the previous fiscal year to 42,071 million yen. Non-current liabilities increased by 43
million yen (0.5%) from the end of the previous fiscal year to 9,767 million yen. The principal cause forincreased current liabilities was a 765 million yen increase in short-term loans payable. The principal
cause for increased non-current liabilities was a 762 million yen increase in lease obligations, though
there was a 379 million yen decrease in negative goodwill.
The interest-bearing debt increased by 1,622 million yen from the end of the previous fiscal year to23,600 million yen.
Total net assets at the end of first half of FY2012 decreased by 2,498 million yen (-35.7%) from theend of the previous fiscal year to 4,495 million yen.
The main factors for the decrease in total net assets were a 1,566 million yen decrease in retained
earnings by posting a net loss of the first half of FY2012 and a 549 million yen decrease in foreign
currency translation adjustment.

2. Cash Flow Condition
Net cash used in operating activities decreased by 461 million yen from the beginning of this fiscal
year due to a decrease in cash and cash equivalents ("cash") that resulted from the post of loss before
income taxes, a decrease in notes and accounts payable-trade, and an increase in accrued expenses
though there was an increasing in cash due to the post of the depreciation and amortization and adecrease in notes and accounts receivable-trade.
Net cash used in investment activities decreased by 351 million yen from the beginning of this fiscal
year by purchasing the property, plant and equipment.
Net cash used in financing activities increased by 756 million yen from the beginning of this fiscalyear due to the net increase in short-term loans payable.
As a result, the balance of cash at the end of first half of FY2012 was 5,607 million yen, a decrease of
268 million yen from the beginning of this fiscal year.

(3) Forecast for the Fiscal Year Ending March 31, 2013
Please refer to the “Announcement of the Revised Financial Forecast” announced on October 30,
2012.