This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, theoriginal shall prevail. The Company assumes no responsibility for this translation or for direct,
indirect or any other forms of damages arising from the translation.

Financial Results for the Six Months Ended September 30, 2022
[Japanese GAAP] (Consolidated)
October 28, 2022
Company name: Tatsuta Electric Wire & Cable Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Stock Code: 5809
URL: https://www.tatsuta.com
Representative: Hiroya Yamada, President and Representative Director
Contact: Masafumi Imai, Director, Senior Executive Officer, General Manager of Accounting and Finance
Department
Phone: +81-6-6721-3011
Scheduled date of filing Quarterly Report: November 11, 2022
Scheduled date of commencing dividend payments: December 1, 2022
Availability of supplementary briefing material on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Scheduled (for institutional investors, analysts and journalists)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2022 (From April 1, 2022 toSeptember 30, 2022)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous corresponding period.)
Net sales
Six months ended
September 30, 2022
Six months ended
September 30, 2021

Operating income
Million yen

Ordinary income

Million yen%%

30,4092.7

892 (47.6)

29,6048.1

1,704 (15.3)

Million yen

Income attributable toowners of parent%
Million yen%

1,074 (41.3)
1,830

872 (34.6)

(9.9)

1,334

(8.7)

(Note) Comprehensive income: Six months ended September 30, 2022: 503 million yen [(50.3)%]
Six months ended September 30, 2021: 1,012 million yen [(49.6)%]
Yen

Diluted earnings per
share
Yen

14.12

-

21.60

-

Total assets
Million yen

Net assets
Million yen

58,70458,654

Income per share
Six months ended
September 30, 2022
Six months ended
September 30, 2021

(2) Consolidated Financial Position

As of
September 30, 2022
As ofMarch 31, 2022%

Net assets per share
Yen

48,11782.0

778.84

48,16982.1

779.68(Reference) Equity: As of September 30, 2022: 48,117 million yen
As of March 31, 2022: 48,169 million yen

Equity ratio

2. Dividends
Annual dividends
1st quarter-end
Yen

2nd quarter-end
Yen

3rd quarter-end
Yen

-

9.00

-

9.00

Fiscal year ended
March 31, 2022
Fiscal year ending
March 31, 2023
Fiscal year ending
March 31, 2023
(Forecast)Year-end

Total
Yen

Yen

-

9.00

18.00

-

9.00

18.00

(Note) Revisions from the most recently announced dividends forecast: No
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (From April 1, 2022 toMarch 31, 2023)(% indicates changes from the previous corresponding period.)
Net sales

Full year

Operating income

Income attributable toowners of parent

Ordinary income

Incomeper share

Million yen%

Million yen%

Million yen%

Million yen%

Yen

64,0006.9

2,400(16.8)

2,600(16.5)

2,000(14.2)

32.37(Note) Revisions from the most recently announced financial results forecast: Yes
Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting
in changes in scope of consolidation): No
Newly added: NA
Excluded: NA(2) Application of special accounting treatment in preparation of quarterly consolidated financial statements: No(3) Changes in accounting principles, changes in accounting estimates and retrospective restatement
1) Changes in accounting principles due to the revision of accounting standards: No
2) Changes in accounting principles other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury shares):
As of September 30, 2022
70,156,394 shares
As of March 31, 2022
70,156,394 shares2) Total number of treasury shares at the end of the period:
As of September 30, 2022
8,375,229 shares
As of March 31, 2022
8,375,147 shares
3) Average number of shares during the period (cumulative quarterly period):
Six months ended September 30,
61,781,235 shares2022
Six months ended September 30,
61,781,838 shares
2021* These quarterly consolidated financial results are outside the scope of quarterly review by a certified public
accountant or an audit corporation.

* Overview of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements herein are based on information available to theCompany and certain assumptions deemed reasonable as at the date of publication of this document and should
not be interpreted as any kind of guarantee or promise by the Company to achieve such forecasts. In addition,
actual results may differ significantly from these forecasts due to a wide range of factors.
The supplemental financial information is scheduled to be disclosed on the TDnet on that same day as well ason the Company’s website.

Table of Contents of Reference Materials
1. Qualitative Information on Financial Results for the Quarterly Period Under Review ....................................... 1(1) Overview of business results ................................................................................................................... 1(2) Overview of financial position ................................................................................................................ 2(3) Overview of cash flows .......................................................................................................................... 2(4) Overview of forward-looking information such as consolidated financial results forecasts ........................... 3
2. Quarterly Consolidated Financial Statements................................................................................................. 4(1) Quarterly Consolidated Balance Sheets ................................................................................................... 4(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive
Income .................................................................................................................................................. 6(3) Quarterly Consolidated Statements of Cash Flows.................................................................................... 8

1. Qualitative Information on Financial Results for the Quarterly Period Under Review(1) Overview of business results
During the six months ended September 30, 2022, as the Japanese economy saw mitigation of the harsh situation
owing to the impact of COVID-19, there were signs of moderate recovery in corporate earnings, capital investment,
personal consumption, the employment situation, etc. The world economy is also expected to continue improving
moderately as the impact of COVID-19 decreases. However, the outlook remains uncertain due to volatility in thefinancial and capital markets and rising prices amid ongoing global monetary tightening, resource and raw material
prices fluctuating at high levels, the prolonged Russia-Ukraine crisis, and the lingering effects of restraints on
economic activity in China.
The average domestic quotation price for copper, the main raw material used for the Company’s products, for thesix months ended September 30, 2022 was on levels higher than for the same period of the previous fiscal year.
In the meantime, demand for electric wires for infrastructure was on levels lower than for the same period of theprevious fiscal year, while in the electric wires for industrial device business, demand from some users continued
recovering. Sales of smartphones, the main application of functional films, remained weak in terms of volumes due
to a global price increase, and a slowdown of the Chinese economy and the effects of lockdowns, etc. in the country.
Demand for materials was affected by sluggish product sales, shortages in supplies of semiconductors and othercomponents and materials, users’ inventory adjustment, etc.
In this environment, net sales for the six months ended September 30, 2022 increased to 30,409 million yen (up2.7% year on year), but income decreased, with operating income of 892 million yen (down 47.6% year on year),ordinary income of 1,074 million yen (down 41.3% year on year), and income attributable to owners of parent of 872
million yen (down 34.6% year on year).

An overview of the Group’s business performance by segment is as follows:[Electric Wire and Cable Business]
Sales volumes of electric wires for infrastructure were lower than for the same period of the previous fiscal year
(down 11.9% year on year) as customers continued conservative buying due to higher copper prices and competition
intensified, fueled by selling price revisions implemented in response to rising raw material prices. However, owing
to higher copper prices as well as a continued recovery in demand from some customers for electric wires for industrial
devices, etc., net sales for this segment increased to 21,013 million yen (up 8.7% year on year). Meanwhile, despite
efforts to improve margins by selling price revisions, etc., operating income decreased to 20 million yen (down 95.1%
year on year) due to lower sales volumes, higher raw material prices, slow progress on selling price revisions,fluctuations in copper prices, etc.

[Electronic Materials Business]
Demand for functional films, the Company’s flagship products, decreased (down 12.8% year on year) due to lower
sales volumes for smartphones, the major application of functional films, lockdowns in China, shortages in supplies
of semiconductors, etc., users’ inventory adjustment, etc., and as a result, net sales for this segment were 8,263 million
yen (down 11.1% year on year). Operating income decreased to 1,190 million yen (down 27.7% year on year).

1[Other Businesses]
In each of the sensor, medical equipment materials, and environmental analysis businesses, demand continued
recovering, net sales for this segment increased to 1,144 million yen (up 15.1% year on year) and operating income
was 46 million yen (up 600.9% year on year).
(2) Overview of financial position
Total assets at the end of the six months ended September 30, 2022 increased by 50 million yen from the end of theprevious fiscal year to 58,704 million yen, due to increases in short-term loans receivable, etc.
Total liabilities increased by 102 million yen from the end of the previous fiscal year to 10,587 million yen, due toincreases in notes and accounts payable - trade, etc.
Total net assets decreased by 52 million yen from the end of the previous fiscal year to 48,117 million yen, due todecreases in deferred gains or losses on hedges, etc., despite an increase in retained earnings resulting from the postingof income attributable to owners of parent.
As a result, the equity ratio decreased by 0.1 percentage points from the end of the previous fiscal year to 82.0%.
(3) Overview of cash flows
Cash and cash equivalents (hereinafter referred to as “funds”) at the end of the six months ended September 30,
2022, amounted to 1,448 million yen, an increase of 59 million yen from the end of the previous fiscal year.

Overall cash flows and the reasons therefor are as follows:(Cash flows from operating activities)
Net cash provided by operating activities resulted in a net cash inflow of 2,138 million yen, an increase in cash
inflow of 3,417 million yen from a net cash outflow of 1,279 million yen in the same period of the previous fiscal year,with netting factors such as income before income taxes of 1,156 million yen, the posting of depreciation of 965
million yen, and an increase in accounts payable - other of 272 million yen, etc., contributing to an increase in funds
and factors contributing to a decrease in funds including income taxes paid of 404 million yen, etc.

(Cash flows from investing activities)
Net cash used in investing activities amounted to a net cash outflow of 1,459 million yen, a decrease in cash inflow
of 3,181 million yen from a net cash inflow of 1,721 million yen in the same period of the previous fiscal year, due
primarily to purchase of property, plant and equipment of 1,217 million yen.

2

(Cash flows from financing activities)
Net cash used in financing activities resulted in a net cash outflow of 556 million yen mainly due to dividends paidof 556 million yen, an increase in net cash outflow by 0 million yen from the same period of the previous fiscal year.
(4) Overview of forward-looking information such as consolidated financial results forecasts
The Company has revised the consolidated financial results forecasts for the full year of the fiscal year ending March
31, 2023 announced on July 27, 2022. For details, please see “Financial Summary for the Six Months Ended September
30, 2022” announced today.

32. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - tradeFinished goods
Work in process
Raw materials and supplies
Short-term loans receivable
Other
Allowance 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
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Software
Software in progress
Right to use facilities
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term prepaid expenses
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of September 30, 2022

1,389
19,419
3,957
6,127
1,869
5,686
1,235
(13)
39,671

1,448
19,678
3,173
6,852
2,076
6,002
373
(12)
39,592

8,305
3,259
417
3,721
522
16,225

8,393
3,085
388
3,721
585
16,173

146
9
5
4
165

147
7
4
2
161

1,082
2
1,030
659
(181)
2,591
18,98258,654

1,278
0
1,268
405
(175)
2,776
19,11258,704

(Millions of yen)
As of March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Accounts payable - otherAccrued expenses
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Asset retirement obligations
Deferred tax liabilities
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
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

5

As of September 30, 2022

3,883
815
1,518
456
1,446
8,121

4,169
815
1,532
398
1,220
8,135

900
1,302
68
1
91
2,363
10,484

900
1,357
64
1
127
2,451
10,587

6,676
4,516
38,936(2,458)47,6706,676
4,516
39,252(2,459)47,986

216
232
(63)
113
499
48,16958,654

233
(197)
(28)
123
130
48,11758,704

(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive
IncomeQuarterly Consolidated Statements of Income
Six months ended September 30(Millions of yen)

Net sales
Cost of sales
Gross income
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Compensation for forced relocation
Gain on sale of investment securities
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on abandonment of non-current assets
Total extraordinary losses
Income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
IncomeIncome attributable to owners of parent

6

Six months ended
September 30, 2021
(From April 1, 2021 toSeptember 30, 2021)
29,604
23,104
6,499
4,795
1,704

Six months ended
September 30, 2022
(From April 1, 2022 toSeptember 30, 2022)
30,40924,694
5,714
4,822
892

9
10
54
29
29
133

8
12
142
0
26
191

2
4
7
1,830

3
5
9
1,074

3
3

101
0
0
102

10
10
1,824
524
(35)
489
1,334
1,334

0
20
20
1,156
342
(58)
284
872
872

Quarterly Consolidated Statements of Comprehensive Income
Six months ended September 30(Millions of yen)

IncomeOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent

7

Six months ended
September 30, 2021
(From April 1, 2021 toSeptember 30, 2021)
1,334

Six months ended
September 30, 2022
(From April 1, 2022 toSeptember 30, 2022)
872

6
(356)
(3)
32
(321)
1,012

16
(430)
35
9
(368)
503

1,012

503

(3) Quarterly Consolidated Statements of Cash FlowsSix months ended
September 30, 2021
(From April 1, 2021 toSeptember 30, 2021)
Cash flows from operating activities
Income before income taxes
Depreciation
Increase (decrease) in retirement benefit liability
Decrease (increase) in retirement benefit asset
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Loss (gain) on sale and valuation of investment securities
Subsidy income
Insurance claim income
Compensation for forced relocation
Interest expenses
Loss (gain) on sale of non-current assets
Loss on abandonment of non-current assets
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in other assets
Increase (decrease) in trade payables
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued expenses
Increase (decrease) in accrued consumption taxes
Increase (decrease) in other liabilities
SubtotalInterest and dividends received
Interest paid
Proceeds from compensation for forced relocation
Income taxes paid
Subsidies received
Proceeds from insurance income
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of investment securities
Proceeds from sale of investment securities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Net decrease (increase) in short-term loans receivable
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Dividends paid
Purchase of treasury shares
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

8

Six months ended
September 30, 2022
(From April 1, 2022 toSeptember 30, 2022)

1,824
930
152
(5)
(5)
(20)
(29)
2
(3)
13
(3,189)(1,313)
244
350
75
(135)
15
281
(812)
15
(2)
(508)
29
(1,279)

1,156
965
70
(7)
(6)
(21)
(0)
(0)
(5)
(101)
3
0
20
(195)
(113)
310
265
272
12
34
(241)
2,418
12
(3)
109
(404)
0
5
2,138

(0)
(1,301)
3
(20)
3,146
(106)
1,721

(51)
5
(1,217)
1
(25)
(180)
8
(1,459)

(556)
(0)
(556)
(37)
(151)
1,444
1,293

(556)
(0)
(556)
(63)
59
1,389
1,448