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 Nine Months Ended December 31, 2021
[Japanese GAAP] (Consolidated)
January 27, 2022
Company name: Tatsuta Electric Wire & Cable Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Stock Code: 5809
URL: https://www.tatsuta.comRepresentative: Hirohito Miyashita, President and Representative Director
Contact: Masafumi Imai, Director, Executive Officer, General Manager of Accounting and Finance Department
Phone: +81-6-6721-3011
Scheduled date of filing Quarterly Report: February 10, 2022
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Not scheduled(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2021 (From April 1, 2021 toDecember 31, 2021)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous corresponding period.)
Net sales

Operating income% Millions of yen

Millions of yen

Nine months ended
December 31, 2021
Nine months ended
December 31, 2020

Ordinary income% Millions of yen

Income attributableto owners of parent% Millions of yen%

45,1399.6

2,405(24.5)

2,562(21.2)

1,766(23.5)

41,190

(6.2)

3,185

6.9

3,250

7.8

2,308

9.3

(Note) Comprehensive income: Nine months ended December 31, 2021: 1,532 million yen [(48.9)%]
Nine months ended December 31, 2020: 2,996 million yen [43.1%]
Yen

Diluted earnings pershare
Yen

28.59

-

37.36

-

Income per share
Nine months ended
December 31, 2021
Nine months ended
December 31, 2020

(2) Consolidated Financial Position
Total assets
Millions of yen
As ofDecember 31, 2021
As ofMarch 31, 2021

Net assets
Millions of yen

Equity ratio%

Net assets per share
Yen

57,79047,32181.9

765.9556,961

46,901

82.3

759.14(Reference) Equity: As of December 31, 2021: 47,321 million yen
As of March 31, 2021: 46,901 million yen

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, 2021
Fiscal year ending
March 31, 2022
Fiscal year ending
March 31, 2022(Forecast)Year-endTotal
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, 2022 (From April 1, 2021 toMarch 31, 2022)(% indicates changes from the previous corresponding period.)
Net sales
Millions of yen

Full year

61,700Operating income% Millions of yen
13.2

3,600

Income attributable toowners of parent

Ordinary income

Incomeper share% Millions of yen% Millions of yen%

Yen

1.9

1.9

0.2

42.89

3,700

2,650

(Note) Revisions from the most recently announced financial results forecast: NoNotes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting inchanges in scope of consolidation): No
Newly added: NA
Excluded: NA(2) Application of special accounting treatment in preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting principles, changes in accounting estimates and retrospective restatement
1) Changes in accounting principles due to the revision of accounting standards: Yes
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 December 31, 2021
70,156,394 shares
As of March 31, 2021
70,156,394 shares2) Total number of treasury shares at the end of the period:
As of December 31, 2021
8,374,947 shares
As of March 31, 2021
8,374,360 shares
3) Average number of shares during the period (cumulative quarterly period):
Nine months ended December 31, 2021 61,781,736 shares
Nine months ended December 31, 2020 61,782,362 shares* These quarterly consolidated financial results are outside the scope of quarterly review by a certified publicaccountant 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 forward-looking information such as consolidated financial results forecasts ........................... 2
2. Quarterly Consolidated Financial Statements................................................................................................. 3(1) Quarterly Consolidated Balance Sheets .................................................................................................... 3(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive
Income .................................................................................................................................................. 5

1. Qualitative Information on Financial Results for the Quarterly Period Under Review(1) Overview of business results
During the nine months ended December 31, 2021, as the Japanese economy saw gradual mitigation of the harshsituation owing to the impact of COVID-19 despite the ongoing influence of the shortage of semiconductors, there
remained signs of recovery in areas including corporate earnings, capital investment, and production. In the world
economy as well, although the shortage of semiconductors continued, expectations for phased resumption and recoveryof economic activities were increasing as the impact of COVID-19 decreased. Recently, however, the future remains
uncertain due to the impact of semiconductor supply shortfalls, a sharp rise in raw material prices, and the spread ofnew variants.
Domestic quotation prices for copper, the main raw material used for the Company’s products, have been rising since
the beginning of the previous fiscal year, causing the average domestic quotation prices for copper during the ninemonths ended December 31, 2021, to be on levels significantly higher compared to the same period of the previous
fiscal year.
At the same time, demand for electric wires for infrastructure has been on a recovery trend from the significant
decline during the previous fiscal year due to the impact of COVID-19, and in the equipment wire and cable businessas well, a recovery in demand for some users continued. Although the sales of smartphones, the main usage offunctional films, continued strong, the materials demand was affected by reduced demand for products for mobile
terminals other than smartphones compared to the previous corresponding period, semiconductor supply shortfalls, andthe inventory adjustments by users, etc.
In this environment, net sales for the nine months ended December 31, 2021, were 45,139 million yen (up 9.6% yearon year), recording higher income. Operating income was 2,405 million yen (down 24.5% year on year), and ordinary
income was 2,562 million yen (down 21.2% year on year). Income attributable to owners of parent was 1,766 millionyen (down 23.5% year on year), recording lower profit.

An overview of the Group’s business performance by segment is as follows:[Electric Wire and Cable Business]
Although electric wires for infrastructure are on a recovery trend from the impact of COVID-19, sales volume wasdown (down 3.5% year on year) compared to the corresponding period of the previous fiscal year. Meanwhile, owing
to factors such as the significant increase in copper prices, and a recovery in demand at some customers for equipment
wire and cable, segment net sales were 29,879 million yen (up 22.1% year on year). Operating income was 540 million
yen (up 84.0% year on year) due to a recovery in the equipment wire and cable business, etc., despite a rise in raw
materials prices and the effect of copper price movement.

[Electronic Materials Business]
Demand for functional films, our flagship products, saw a decline in sales volume (down 14.2% year on year) owing
to factors such as the effects of semiconductor supply shortfalls and inventory adjustments by users, resulting insegment net sales of 13,731 million yen (down 10.7% year on year) and operating income of 2,355 million yen (down32.1% year on year).

1[Other Businesses]
In each of the businesses of our sensor, medical equipment materials, and environmental analysis businesses, arecovery of demand continued in some areas, and segment net sales were 1,550 million yen (up 13.0% year on year),and operating income was 40 million yen (operating loss of 34 million yen in the same period of the previous fiscalyear).

As a company, our priority will be to continue to secure the safety of our employees and society through intensive
COVID-19 countermeasures and fulfill our responsibility to maintain supply to our customers. On this premise, while
accurately capturing demand that is now on a recovery trend, we will promote growth through response to increasing
business opportunities associated with the spread of 5G and the expansion of a carbon-neutral society.
(2) Overview of financial position
Total assets at the end of the nine months ended December 31, 2021, increased by 828 million yen from the end of
the previous fiscal year to 57,790 million yen, mainly due to increases in notes and accounts receivable - trade andinventories, despite a decrease in short-term loans receivable.
Total liabilities increased by 408 million yen from the end of the previous fiscal year to 10,468 million yen primarily
as a result of an increase in accounts payable – other and notes and accounts payable - trade.
Total net assets increased by 420 million yen from the end of the previous fiscal year to 47,321 million yen mainly
due to an increase in retained earnings.
As a result, the equity ratio decreased by 0.4 percentage points from the end of the previous fiscal year to 81.9%.
(3) Overview of forward-looking information such as consolidated financial results forecasts
No revisions have been made to the financial results forecast announced at the earnings announcement on October
26, 2021.

22. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - tradeFinished goods
Work in process
Raw materials and supplies
Short-term loans receivable
OtherAllowance 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
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
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

As of December 31, 2021

1,444
14,457
2,491
5,304
1,244
12,5791,271(13)38,780

1,192
20,492
3,559
6,088
1,698
4,934
743
(13)
38,697

7,610
3,357
355
3,799
606
15,728

7,534
3,250
419
3,799
1,455
16,459

138
9
5
5
158

136
10
5
5
156

922
11
986
566
(193)
2,293
18,181
56,961

972
6
1,116
566
(184)
2,477
19,093
57,790(Millions of yen)
As of March 31, 2021
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

4

As of December 31, 2021

3,757
928
1,469
541
979
7,676

4,013
1,198
1,043
143
1,554
7,952

900
1,301
70
1
109
2,383
10,060

900
1,453
69
1
91
2,516
10,4686,676
4,516
37,717(2,458)46,452

6,676
4,516
38,372(2,458)47,106

212
414
(62)
(114)
449
46,901
56,961

209
136
(64)
(66)
215
47,321
57,790(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive
IncomeQuarterly Consolidated Statements of IncomeNine months ended December 31(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
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of investment securities
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
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

5

Nine months ended
December 31, 2020
(From April 1, 2020 to
December 31, 2020)
41,19030,865
10,3247,139
3,185

Nine months ended
December 31, 2021
(From April 1, 2021 toDecember 31, 2021)
45,13935,578
9,561
7,155
2,405

11
18
21
45
96

13
20
63
31
38
167

5
18
7
31
3,250

4
5
10
2,562

00

33

16
16
3,234
1,010
(84)
925
2,308
2,308

149
149
2,416
678(28)
649
1,766
1,766

Quarterly Consolidated Statements of Comprehensive Income
Nine months ended December 31(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

6

Nine months ended
December 31, 2020
(From April 1, 2020 toDecember 31, 2020)
2,308

Nine months ended
December 31, 2021
(From April 1, 2021 to
December 31, 2021)
1,766

20
606
(3)
65
688
2,996(2)(278)(1)
48(234)
1,532

2,996

1,532