Note:

This document has been translated from a part of the Japanese original for reference purposes only. In the event ofany discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results for the Fiscal Year Ended March 31, 2021
(under IFRS)
April 28, 2021
Company name:
Listing:
Securities code:
URL:
Representative:
Contact:

F.C.C. CO., LTD.

Tokyo Stock Exchange
7296
https://www.fcc-net.co.jp/
Yoshitaka Saito, President and Representative Director
Yasutaka Oishi, Operating Officer, Head of Management and Administration
TEL: +81-53-523-2400
Scheduled date for holding ordinary general meeting of shareholders:June 22, 2021
Scheduled date to commence dividend payments:
June 23, 2021
Scheduled date to file annual securities report:
June 24, 2021
Preparation of supplementary results briefing material on consolidated financial results: Yes
Holding of financial results presentation meeting:Yes (for institutional investors and analysts)(Millions of yen with fractional amounts rounded, unless otherwise noted)

1. Consolidated financial results for the fiscal year ended March 31, 2021
(from April 1, 2020 to March 31, 2021)(1) Consolidated operating results

Fiscal year ended(Percentages indicate year-on-year changes.)
Profitattributable toowners ofparent

Total
comprehensive
incomeMillionsof yenMillionsof yenSales revenue Operating profit

Profit before
income taxes

Millionsof yen%Millionsof yen%Millionsof yen%

25.0

4,644

15.3

4,462 13.8

12,067 －4,028 (66.3)

3,921 (66.7)(2,068) －%Millionsof yenMarch 31, 2021

146,157 (14.6)

6,966 (11.8)

8,313

March 31, 2020

171,060

7,896 (50.2)

6,653 (59.7)(3.7)

Basic earnings
per share
Fiscal year ended

Diluted earnings
per share

YenProfit

Ratio of profit toequity attributableto owners ofparent

Yen%

Ratio of profit
before income
taxes to total
assets%%Ratio of operating
profit to sales
revenue%%

March 31, 2021

89.81－

3.6

4.9

4.8

March 31, 2020

78.92

－

3.2

4.0

4.6

Reference: Share of profit (loss) in investments accounted for using the equity method
For the fiscal year ended March 31, 2021:¥(19) million
For the fiscal year ended March 31, 2020:¥(15) million(2) Consolidated financial position
Total assets
As ofMarch 31, 2021
March 31, 2020

Total equity

Ratio of equity
Equity attributable
Equity attributable
attributable toto owners of parent
to owners of parent owners of parent toper sharetotal assets

Millions of yen

Millions of yen

Millions of yen

175,644
161,727

131,996
122,486

130,239
120,869

%

74.1
74.7

Yen

2,621.16
2,432.56

(3) Consolidated cash flows
Net cash flows from(used in) operating
activities
Fiscal year ended
March 31, 2021
March 31, 2020

Net cash flows from(used in) investingactivities

Net cash flows from(used in) financing
activities

Millions of yen

Millions of yen

Millions of yen

12,971
25,079(8,522)(10,597)(3,175)(8,990)Cash and cash
equivalents at end of
periodMillions of yen

39,60735,3502. Cash dividends
Ratio ofdividends toDividend
equitypayout ratio attributable to(Consolidated)owners ofparent(Consolidated)

Annual cash dividends per shareFirst
quarterend
Fiscal year ended
March 31, 2020
March 31, 2021
Fiscal year ending
March 31, 2022
(Forecast)Secondquarterend

Yen

Third
Fiscalquarteryear-endend

Yen

Yen

Total cash
dividends(Total)

Total

Yen

Yen

––

29.00
20.00

–
–

29.00
20.00

58.00
40.00

–

26.00

–

26.00

52.00

Millions of yen

2,881
1,987%%

73.5
44.5

2.3
1.6

27.2

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2022
(from April 1, 2021 to March 31, 2022)(Percentages indicate year-on-year changes.)
Sales revenue
Millionsof yen

Six months ending
83,000
September 30, 2021
Fiscal year ending
168,000
March 31, 2022

Operating profit

Profit before
income taxes%

Millionsof yen

39.9

6,000－

6,200－

4,100－

4,000－

80.50

14.9

13,50093.8

14,000

68.4

9,700

108.8

9,500

112.9

191.19%Millionsof yenProfit attributable Basicto owners ofearnings
parentper share

Profit%Millionsof yen%Millionsof yen%Yen

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in thechange in scope of consolidation): None
Newly included:
None
Excluded:None(2) Changes in accounting policies and changes in accounting estimatesa. Changes in accounting policies required by IFRS:

Noneb. Changes in accounting policies other than the above:Nonec. Changes in accounting estimates:

None(3) Number of shares issued (ordinary shares)
a. Total number of shares issued at the end of the period (including treasury shares)
As of March 31, 2021

52,644,030 shares

As of March 31, 2020

52,644,030 sharesb. Number of treasury shares at the end of the period
As of March 31, 2021

2,956,232 shares

As of March 31, 2020

2,956,099 sharesc. Average number of shares during the period
Fiscal year ended March 31, 202149,687,904 sharesFiscal year ended March 31, 2020

49,688,010 shares(Reference) Summary of non-consolidated financial results
1. Non-consolidated financial results for the fiscal year ended March 31, 2021
(from April 1, 2020 to March 31, 2021)(1) Non-consolidated operating results(Percentages indicate year-on-year changes.)

Net sales
Fiscal year ended
March 31, 2021
March 31, 2020

Operating profit

Millions of yen%

Millions of yen

34,22438,337(10.7)(6.2)(1,511)(134)

Basic earnings
per share
Fiscal year ended
March 31, 2021
March 31, 2020

Ordinary profit%

ProfitMillions of yen%

Millions of yen

3,175
2,503

26.9
(60.2)

1,050
(179)

––%

––

Diluted earnings
per shareYen

Yen

21.15
(3.61)––(2) Non-consolidated financial position
Total assets
As ofMarch 31, 2021
March 31, 2020

Net assets

Millions of yen

Millions of yen

80,13382,76866,15365,953

Reference: Equity
For the fiscal year ended March 31, 2021:
For the fiscal year ended March 31, 2020:¥66,153 million¥65,953 million

Equity ratio

Net assets per share%

82.6
79.7

Yen

1,331.381,327.36

* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.
* Proper use of earnings forecasts, and other special matters
Caution regarding forward-looking statements
The forward-looking statements including earnings forecasts contained in these materials are based on
information currently available to the Company and certain assumptions deemed reasonable by theCompany, and are not intended as the Company’s commitment to achieve such forecasts. Actual businessand other results may differ significantly from these forecasts due to a wide range of factors.
How to obtain supplementary results briefing material on consolidated financial results
The Company plans to hold a financial results presentation meeting on May 13, 2021. The Company
also plans to post to its website the materials that are used at the meeting promptly after the meeting isheld.

Consolidated financial statements(1) Consolidated statement of financial position(Millions of yen)
As ofMarch 31, 2020

As ofMarch 31, 2021

Cash and cash equivalents

35,35039,607

Trade and other receivables

24,22931,710AssetsCurrent assets

Other financial assets

2,114

4,493Inventories

19,366

21,276

Other current assets

1,697

2,459

Total current assets

82,75999,548Property, plant and equipment

61,491

57,570Goodwill and intangible assets

4,520

3,934

63

152

Other financial assets

10,374

12,076

Deferred tax assets

2,388

2,213

Non-current assets

Investments accounted for using the equity method

Other non-current assets

129

148

Total non-current assets

78,96876,096

161,727

175,644

Total assets- 1 -(Millions of yen)
As ofMarch 31, 2020

As ofMarch 31, 2021

Trade and other payables

11,19916,000

Borrowings

7,206

7,208

Liabilities and equity
Liabilities
Current liabilities

Other financial liabilities

345

492

Income taxes payable

2,133

2,217

Provisions

2,880

－

Other current liabilities

5,881

7,418

Total current liabilities

29,64533,336

1－

Other financial liabilities

1,189

1,238

Defined benefit liability

1,470

1,251

Non-current liabilities
Borrowings

Provisions
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities

2929

6,625

7,331

280

460

9,596

10,311

39,241

43,6484,175

4,175Retained earnings

123,579

125,943

Treasury shares(4,787)(4,788)

Total liabilities
EquityIssued capital

Other components of equity(2,098)

4,908

Total equity attributable to owners of parent

120,869

130,239

Non-controlling interests
Total equity
Total liabilities and equity

- 2 -

1,617

1,756

122,486

131,996

161,727

175,644(2) Consolidated statement of income(Millions of yen)
Fiscal year ended
March 31, 2020
171,060(142,919)
28,141(15,813)950(5,381)
7,896
1,025(2,253)Fiscal year ended
March 31, 2021
146,157(123,291)
22,866(15,624)851(1,126)
6,966
1,396(29)

(15)

(19)

6,653
(2,624)
4,028

8,313(3,668)
4,644

Profit attributable toOwners of parent
Non-controlling interests
Profit

3,921
106
4,028

4,462
182
4,644

Earnings per share(Attributable to owners of parent)
Basic earnings per share (Yen)
Diluted earnings per share (Yen)

78.92
–

89.81
–

Sales revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Other income
Other expense
Operating profit
Finance income
Finance costs
Share of profit (loss) in investments accounted for using theequity method
Profit before income taxes
Income tax expense
Profit- 3 -(3) Consolidated statement of comprehensive income(Millions of yen)

ProfitOther comprehensive income
Components that will not be reclassified to profit or loss
Remeasurements of defined benefit plans
Changes in the fair value of financial assets measured at fairvalue through other comprehensive income
Total
Components that may be reclassified to profit or loss
Exchange differences of foreign operations
Share of other comprehensive income of associates
accounted for using equity method
Total
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toOwners of parent
Non-controlling interests
Comprehensive income- 4 -Fiscal year ended
March 31, 2020
4,028

Fiscal year ended
March 31, 2021
4,644

166

334

(912)

1,532

(745)

1,867

(5,343)

5,575

(8)

(19)

(5,351)(6,097)(2,068)

5,555
7,423
12,067(2,124)55

11,805262(2,068)12,067

(4) Consolidated statement of changes in equity
Equity attributable to owners of parent
Other components of equity
Changesin the fairvalue ofExchange
Retained
Treasuryfinancial assets
differences
earnings
sharesmeasured atof foreign
fair value
operations
through othercomprehensive
incomeIssuedcapitalMillions ofyen

Millions ofyen

Millions ofyen

Millions ofyen

Millions of yen

Balance as of April 1, 2019
ProfitOther comprehensive income
Total comprehensive income
Purchase of treasury shares
Dividends
Transfer from other components ofequity
Total transactions with the owners
Balance as of March 31, 2020
ProfitOther comprehensive income

4,175
–––––

122,365
3,921
–
3,921
–
(2,881)(4,787)
–––
(0)
–

187
–
(5,310)(5,310)––3,934–(901)
(901)
–
–

–

175

–

–

(8)

–
4,175
－
－

(2,706)
123,579
4,462
－

(0)
(4,787)－－–(5,122)
－

(8)
3,024
－

5,490

1,517

Total comprehensive income
Purchase of treasury shares
Dividends
Transfer from other components ofequity
Total transactions with the owners
Balance as of March 31, 2021

－
－
－

4,462
－
(2,434)

－
(0)
－

5,490
－
－

1,517
－
－

－

335

－

－

(0)

－

(2,098)125,943(0)(4,788)－(0)
4,5414,175- 5 -367

Balance as of April 1, 2019
ProfitOther comprehensive income
Total comprehensive income
Purchase of treasury shares
Dividends
Transfer from other components ofequity
Total transactions with the owners
Balance as of March 31, 2020
ProfitOther comprehensive income
Total comprehensive income
Purchase of treasury shares
Dividends
Transfer from other components ofequity
Total transactions with the owners
Balance as of March 31, 2021

Equity attributable to owners of parent
Other components of equity
RemeasuTotal
rements
Totalof defined
benefit plans

Non-controllinginterests

Totalequity

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen

–
–
166
166
–
–

4,122
–
(6,045)(6,045)––

125,875
3,921(6,045)(2,124)(0)(2,881)

1,652
106
(51)
55
–
(90)

127,527
4,028(6,097)(2,068)(0)(2,972)

(166)

(175)

–

–

–

(166)
－
－
334
334
－
－

(175)
(2,098)
－
7,343
7,343
－
－

(2,882)
120,869
4,462
7,343
11,805(0)(2,434)

(90)
1,617
182
79
262
－
(123)

(2,972)
122,486
4,644
7,423
12,067(0)(2,557)

(334)

(335)

－－－(334)－(335)
4,908(2,434)130,239

(123)
1,756

(2,558)
131,996- 6 -(5) Consolidated statement of cash flows(Millions of yen)
Fiscal year ended
March 31, 2021

Fiscal year ended
March 31, 2020
Cash flows from (used in) operating activities
Profit before income taxes
Depreciation and amortization expense
Impairment loss
Finance income and finance costs
Share of loss (profit) in investments accounted for using theequity method
Loss (gain) on sales and retirement of non-current assets
Decrease (Increase) in inventories
Decrease (Increase) in trade and other receivables
Increase (decrease) in trade and other payables
Increase (decrease) in defined benefit liability
Increase (decrease) in provisions
OtherSubtotal
Interest and dividend income received
Interest expenses paid
Income taxes paid
Income taxes refund and interest on refund received
Net cash flows from (used in) operating activities
Cash flows from (used in) investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Proceeds from sales of intangible assets
Purchase of investments in associates
Payments of loans receivableCollection of loans receivable
Purchase of investments
Proceeds from sales and redemption of investments
Other
Net cash flows from (used in) investing activities
Cash flows from (used in) financing activities
Net increase (decrease) in short-term borrowings
Repayments of lease liabilities
Purchase of treasury shares
Cash dividends paid
Cash dividends paid to non-controlling shareholders
Net cash flows from (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Effect of exchange rate change on cash and cash equivalents
Cash and cash equivalents at end of period

- 7 -

6,653
13,838
2,167
(959)

8,313
13,567
777
(918)

15

19

9(503)
2,413
189
(236)
2,880
1,682
28,148945(126)(4,004)116
25,07911(655)(5,989)3,247
26(2,880)
526
16,046965(50)(3,999)912,971(1,239)457(8,584)567(1,307)0–(119)137(482)
10(38)(10,597)(2,456)
1,203(5,488)130(1,449)－(108)(163)
142(1,231)
1,876(977)(8,522)(5,527)(489)(0)(2,882)(90)(8,990)5,491
32,444(2,585)35,350

(18)
(599)
(0)
(2,434)(123)(3,175)
1,273
35,3502,983
39,607