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, 2023
[Japanese GAAP] (Consolidated)
January 31, 2024
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
Phone: +81-6-6721-3011
Scheduled date of filing Quarterly Report: February 13, 2024
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, 2023 (From April 1, 2023 to
December 31, 2023)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous corresponding period.)
Net sales
Nine months ended
December 31, 2023
Nine months ended
December 31, 2022

Operating income

Million yen%

48,033
46,591Million yen

Ordinary income

Income attributable toowners of parent%
Million yen%%

Million yen

3.1

2,093 54.3

2,209

43.2

1,604 43.8

3.2

1,356 (43.6)

1,543 (39.8)

1,115 (36.8)(Note) Comprehensive income: Nine months ended December 31, 2023: 1,672 million yen [98.0%]
Nine months ended December 31, 2022: 844 million yen [(44.9)%]
Yen

Diluted earnings per
share
Yen

25.97

‒

18.06

‒

Total assets
Million yen

Net assets
Million yen

59,77958,457

Income per share
Nine months ended
December 31, 2023
Nine months ended
December 31, 2022

(2) Consolidated Financial Position

As ofDecember 31, 2023
As ofMarch 31, 2023%

Net assets per share
Yen

49,55482.9

802.1247,88281.9

775.04(Reference) Equity: As of December 31, 2023: 49,554 million yen
As of March 31, 2023: 47,882 million yen

Equity ratio

2. Dividends
Annual dividends
1st quarter-end
Yen

2nd quarter-end
Yen

3rd quarter-end
Yen

‒

9.00

‒

‒

0.00

‒

Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024
Fiscal year ending
March 31, 2024
(Forecast)Year-end

Total
Yen

Yen

0.00

9.00

‒

‒

(Note) Revisions from the most recently announced dividends forecast: No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (From April 1, 2023 toMarch 31, 2024)
As announced in the Notice on Position Statement concerning Planned Commencement of a Tender Offer by JX
Metals Corporation, a Wholly-owned Subsidiary of ENEOS Holdings, Inc., for Shares of the Company released on
December 21, 2022, the Company’s stock is planned to be delisted. A consolidated financial results forecast for the
fiscal year ending March 31, 2024 is therefore not presented.

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, 2023
70,156,394 shares
As of March 31, 2023
70,156,394 shares2) Total number of treasury shares at the end of the period:
As of December 31, 2023
8,376,590 shares
As of March 31, 2023
8,376,022 shares
3) Average number of shares during the period (cumulative quarterly period):
Nine months ended December 31,
61,780,143 shares
2023
Nine months ended December 31
61,781,214 shares
2022* These quarterly consolidated financial results are outside the scope of quarterly review by a certified public
accountant or an audit corporation.
* Explanation of the proper use of financial results forecast and other notesAs announced in the Notice on Position Statement concerning Planned Commencement of a Tender Offer by JX
Metals Corporation, a Wholly-owned Subsidiary of ENEOS Holdings, Inc., for Shares of the Company releasedon December 21, 2022, the Company’s stock is planned to be delisted. A consolidated financial results forecast
for the fiscal year ending March 31, 2024 is therefore not presented.
The supplemental financial information is scheduled to be disclosed on the TDnet on that same day as well as on
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 ofComprehensive Income ..................................................................................................................... 5
Quarterly Consolidated Statements of Income
Nine months ended December 31
Quarterly Consolidated Statements of Comprehensive Income
Nine months ended December 31

5
5
6
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, 2023, the legal status of COVID-19 was downgraded to “Class 5,”
economic activities moved toward normal, and the Japanese economy continued moderate recovery in corporate
earnings, capital investment, production, personal consumption, etc. The world economy is also improving as the impact
of COVID-19 decreases although the economy in some regions is weak. However, the outlook remains uncertain 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 effects of the prolonged Russia-Ukraine crisis, the strained
situation in the Middle East, etc.
The average domestic quotation price for copper, the main raw material used for the Company’s products, for thenine months ended December 31, 2023 was on levels higher than for the same period of the previous fiscal year.
In the meantime, domestic demand for copper electric wires was on levels a little higher than for the same period of
the previous fiscal year on the whole although the supply and demand of some electric wires is currently tight, while in
the industrial equipment wire business, a slowdown in demand from some users was seen. Sales of smartphones, themain application of functional films, remained weak in terms of volumes due to a global price increase, an economic
downturn mainly in China, the prolonged replacement cycles of smartphones, etc. and demand for materials was also
affected by that.
In this environment, net sales for the nine months ended December 31, 2023 amounted to 48,033 million yen (up3.1% year on year). Operating income was 2,093 million yen (up 54.3% year on year), ordinary income was 2,209
million yen (up 43.2% year on year), and income attributable to owners of parent was 1,604 million yen (up 43.8% year
on year).
The Company is listed on the Tokyo Stock Exchange, Inc. as of the day of submission of the financial results for thethird quarter period under review. As announced in the Notice on Position Statement concerning Planned
Commencement of a Tender Offer by JX Metals Corporation, a Wholly-owned Subsidiary of ENEOS Holdings, Inc.
for Shares of the Company released on December 21, 2022, JX Metals Corporation (changed the trade name from JX
Nippon Mining & Metals Corporation on June 28, 2023) 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.
As announced in the (Progress of Disclosed Matters) Notice Regarding Progress of Implementation of Tender Offer
for Shares of TATSUTA Electric Wire and Cable Co., Ltd. by JX Metals Corporation, a Wholly-owned Subsidiary of
ENEOS Holdings, Inc. released on January 31, 2024, while JX Metals Corporation has been conducting procedures in
response to the Chinese competition authority's requests, including discussing the remedies to address competition
concerns, examination is still ongoing and the procedures required under Chinese competition law and related measures
are not yet complete. Therefore, JX Metals Corporation expects to commence the Tender Offer in or after February
2024.
Through the tender offer and subsequent series of procedures, the Company is planned to become a wholly-owned
subsidiary of JX Metals Corporation, and the Company’s stock is planned to be delisted.
The Company will develop synergies, including efficient utilization of management resources of both companies;
further enhancement of business competitiveness in the electronic materials area; and enhancement of businessfoundation in the electric wire and cable area, in an effort to increase corporate value.

1

An overview of the Group’s business performance by segment is as follows:[Electric Wire and Cable Business]
A slowdown in demand in the industrial equipment wire business was seen. However, owing to increased sales ofelectric wires for infrastructure in electric wires for electrical power companies and power plants, for use in construction,etc. (up 6.6% year on year) as well as selling price revisions implemented in response to rising raw material prices, etc.,
net sales for this segment increased to 34,679 million yen (up 7.0% year on year). In addition to the above, owing toefforts to improve product mix, reduce costs, etc. and the effect of copper price fluctuation, operating income was 1,452
million yen (up 761.0% year on year).

[Electronic Materials Business]
Sales volume of functional films, the Company’s flagship products, decreased (down 12.0% year on year) as the
production volume of smartphones, the major application of functional films, was on low levels due to the prolonged
replacement cycles of smartphones, etc. As a result, net sales for this segment were 11,552 million yen (down 7.1%
year on year) and operating income was 1,175 million yen (down 28.8% year on year) in spite of efforts to reduce costs,
etc.

[Other Businesses]
Although sales of medical equipment materials increased owing to sales expansion of new products, etc., demand
was stagnant and various costs increased in each of the sensor and environmental analysis businesses, and as a result,net sales for this segment was 1,824 million yen (up 3.8% year on year) and operating loss was 12 million yen (asopposed to operating income of 82 million yen for the same period of the previous fiscal year).
(2) Overview of financial position
Total assets at the end of the nine months ended December 31, 2023 increased by 1,321 million yen from the end of
the previous fiscal year to 59,779 million yen, due to an increase in short-term loans receivable, etc.
Total liabilities decreased by 350 million yen from the end of the previous fiscal year to 10,225 million yen, due todecreases in accounts payable - other and accrued expenses, etc.
Total net assets increased by 1,672 million yen from the end of the previous fiscal year to 49,554 million yen, due tothe recording of income attributable to owners of parent, an increase in valuation difference on available-for-salesecurities, etc.
As a result, the equity ratio increased by 1.0 percentage point from the end of the previous fiscal year to 82.9%.
(3) Overview of forward-looking information such as consolidated financial results forecasts
As announced in the Notice on Position Statement concerning Planned Commencement of a Tender Offer by JX
Metals Corporation, a Wholly-owned Subsidiary of ENEOS Holdings, Inc., for Shares of the Company released on
December 21, 2022, the Company’s stock is planned to be delisted. A consolidated financial results forecast for the
fiscal year ending March 31, 2024 is therefore not presented.

22. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023
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

3

As of December 31, 2023

1,246
20,973
3,852
6,653
1,822
4,611
613
(12)
39,761

1,638
20,813
4,373
6,132
2,042
5,363
447
(12)
40,798

8,508
3,032
371
3,721
295
15,929

8,230
2,646
371
3,696
1,024
15,969

136
15
4
1
157

122
12
4
1
140

1,067
0
1,190
521
(169)
2,609
18,69658,457

1,209
59
1,270
502
(170)
2,871
18,981
59,779(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Current portion of long-term borrowings
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, 2023

4,279
‒
1,243
1,381
87
939
7,931

4,125
900
898
1,071
461
908
8,366

900
1,572
42
1
127
2,644
10,575

‒
1,699
37
11
109
1,858
10,225

6,676
4,516
38,792(2,459)47,525

6,676
4,516
40,396(2,459)49,129

249
131
(55)
31
356
47,88258,457

356
66
(33)
35
424
49,554
59,779(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
Provision of allowance for doubtful accounts
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 golf club membership
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
Loss on transfer 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

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

Nine months ended
December 31, 2023
(From April 1, 2023 to
December 31, 2023)
48,03338,751
9,282
7,188
2,093

11
22
118
5
45
203

4
23
76
1
35
141

6
‒
5
6
17
1,543

6
16
‒
1
25
2,209

101
0
‒
0
102

‒
23
0
2
26

0

‒
12
25
26
63
2,172
659
(91)
568
1,604
1,604

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

5

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, 2022
(From April 1, 2022 to
December 31, 2022)
1,115

Nine months ended
December 31, 2023
(From April 1, 2023 to
December 31, 2023)
1,604

13
(337)
37
14
(271)
844

106
(65)
22
4
68
1,672

844

1,672