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, 2022
[Japanese GAAP] (Consolidated)
January 31, 2023
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: February 13, 2023
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, 2022 (From April 1, 2022 to
December 31, 2022)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous corresponding period.)
Net sales
Nine months ended
December 31, 2022
Nine months ended
December 31, 2021

Operating income
Million yen

Ordinary income%

Million yen

Income attributable toowners of parent%
Million yen%

Million yen%

46,5913.2

1,356 (43.6)

1,543 (39.8)

1,115 (36.8)

45,1399.6

2,405 (24.5)

2,562 (21.2)

1,766 (23.5)(Note) Comprehensive income: Nine months ended December 31, 2022: 844 million yen [(44.9)%]
Nine months ended December 31, 2021: 1,532 million yen [(48.9)%]
Yen

Diluted earnings per
share
Yen

18.06

-

28.59

-

Total assets
Million yen

Net assets
Million yen

58,33358,654

Income per share
Nine months ended
December 31, 2022
Nine months ended
December 31, 2021

(2) Consolidated Financial Position

As ofDecember 31, 2022
As ofMarch 31, 2022%

Net assets per share
Yen

47,90282.1

775.3648,16982.1

779.68(Reference) Equity: As of December 31, 2022: 47,902 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

0.00

9.00

(Note) Revisions from the most recently announced dividends forecast: No
For the dividend forecast for the fiscal year ending March 31, 2023, please refer to the “Notice Regarding Revision of
Dividend Forecast (No Dividend) for the Fiscal Year Ending March 31, 2023” published on December 21, 2022.
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%

Yen62,8004.9

1,850(35.9)

2,050(34.2)

1,450(37.8)

23.47(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: 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: 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 December 31, 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 December 31, 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):
Nine months ended December 31,
61,781,214 shares
2022
Nine months ended December 31,
61,781,736 shares2021

* 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 forward-looking information such as consolidated financial results forecasts ........................... 2
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

1. Qualitative Information on Financial Results for the Quarterly Period Under Review(1) Overview of business results
During the nine months ended December 31, 2022, as the movement restrictions due to the COVID-19 pandemic
were lifted, the Japanese economy saw signs of moderate recovery in corporate earnings, capital investment,
production, personal consumption, etc. The world economy is also expected to continue improving moderately as theimpact of COVID-19 decreases although the economy in some regions is at a standstill. However, downside risks are
increasing due to volatility in the financial 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 thelingering 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 thenine months ended December 31, 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 industrial equipment wire 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, a slowdown of the Chinese economy, and the effects of lockdowns, etc. in the country. Demand formaterials was affected by sluggish product sales, shortages in supplies of semiconductors and other components andmaterials, users’ inventory adjustments, etc.
In this environment, net sales for the nine months ended December 31, 2022 increased to 46,591 million yen (up3.2% year on year), but income decreased, with operating income of 1,356 million yen (down 43.6% year on year),ordinary income of 1,543 million yen (down 39.8% year on year), and income attributable to owners of parent of
1,115 million yen (down 36.8% 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 11.0% 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 industrial equipment
wires, etc., net sales for this segment increased to 32,415 million yen (up 8.5% year on year). Meanwhile, despite
efforts to improve margins by selling price revisions, etc., operating income decreased to 168 million yen (down 68.8%
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 10.1% 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 12,438 million
yen (down 9.4% year on year). Operating income decreased to 1,650 million yen (down 29.9% 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 1,756 million yen (up 13.3% year on year), and operating income
was 82 million yen (up 104.2% year on year).
(2) Overview of financial position
Total assets at the end of the nine months ended December 31, 2022 decreased by 320 million yen from the end of theprevious fiscal year to 58,333 million yen, due to decreases in inventories, short-term loans receivable, etc. despite anincrease in notes and accounts receivable - trade.
Total liabilities decreased by 53 million yen from the end of the previous fiscal year to 10,430 million yen, due todecreases in accrued expenses, income taxes payable, etc.
Total net assets decreased by 267 million yen from the end of the previous fiscal year to 47,902 million yen, due to adecrease in deferred gains or losses on hedges, etc.
As a result, the equity ratio was 82.1%, which is the same as for the end of the previous fiscal year.
(3) Overview of forward-looking information such as consolidated financial results forecasts
Revision to Consolidated Financial Results Forecast for the Full Year of the Fiscal Year ending March 31, 2023 (FromApril 1, 2022 to March 31, 2023)(Millions of yen, unless otherwise stated)
Net sales
Previously
announced forecast(A)
Newly announced
forecast (B)Amount of change(B-A)

OperatingincomeOrdinary income

Incomeattributable toowners of parent

Income pershare

64,000

2,400

2,600

2,000

32.37 yen

62,800

1,850

2,050

1,450

23.47 yen

(1,200)

(550)

(550)

(550)

-

Percent change (%)(1.9)%(22.9)%(21.2)%(27.5)%-(Reference)
Results for the
fiscal year ended
March 31, 2022

59,861

2,885

3,114

2,330

37.72 yen(Reasons for revision)
For financial results forecasts for the full year of the fiscal year ending March 31, 2023, net sales are projected to belower due to sales volume decline in the electric wire and cable business and the electronic materials business comparedto the financial results forecast announced at the earnings announcement on October 28, 2022. Operating income is
projected to decrease due to fluctuations in copper prices and worsened sales environment. In addition, income
attributable to owners of parent is projected to decrease due to TOB related expenses.

*The above forecasts are projections utilizing judgments based on information currently obtainable, and include various
uncertain factors. Actual values for business results may differ from forecast figures due to various future factors.

2

The Company is listed on the Tokyo Stock Exchange as of the day of submission of the financial results for the third
quarter period under review. As announced in the “Notice on Position Statement concerning Planned Commencementof a Tender Offer by a Wholly-owned Subsidiary of ENEOS Holdings, Inc. (JX Nippon Mining & Metals Corporation)for Shares of the Company” dated December 21, 2022, JX Nippon Mining & Metals Corporation plans to commence
the tender offer for shares of the Company as soon as the prospect for clearance of competition laws of relevant countries
becomes probable. The details of the schedule will be notified promptly after the determination. Through the tender offerand subsequent series of procedures, the Company will become a wholly-owned subsidiary of the tender offeror and theCompany’s common stock is planned to be delisted.

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 December 31, 2022

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

1,173
21,097
3,386
5,970
2,033
5,208
429
(12)
39,286

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

8,629
2,869
382
3,721
394
15,997

146
9
5
4
165

139
9
4
2
155

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

1,452
0
1,212
401
(172)
2,894
19,04658,333

(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 December 31, 2022

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

4,195
1,338
1,109
64
1,285
7,992

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

900
1,365
42
2
127
2,437
10,4306,676
4,516
38,936(2,458)47,6706,676
4,516
38,940(2,459)47,674

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

230
(104)
(25)
128
228
47,90258,333

(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive
IncomeQuarterly Consolidated Statements of Income
Nine 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
Loss on disaster
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
TOB related expenses
Total extraordinary losses
Income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
IncomeIncome attributable to owners of parent

6

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

Nine months ended
December 31, 2022
(From April 1, 2022 to
December 31, 2022)
46,59137,936
8,655
7,298
1,356

13
20
63
31
38
167

11
22
118
5
45
203

4
5
10
2,562

6
5
6
17
1,543

3
3

101
0
0
102

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

0
38
149
187
1,457
386
(45)
341
1,115
1,115

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

7

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

Nine months ended
December 31, 2022
(From April 1, 2022 to
December 31, 2022)
1,115

(2)
(278)
(1)
48
(234)
1,532

13
(337)
37
14
(271)
844

1,532

844