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 Third Quarter ofthe Fiscal Year Ending March 31, 2021
(under IFRS)
February 2, 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 to file Quarterly Securities Report:
February 10, 2021
Scheduled date to commence dividend payments:－Preparation of supplementary results briefing material on quarterly financial results: None
Holding of quarterly financial results presentation meeting:
None(Millions of yen with fractional amounts rounded, unless otherwise noted)

1. Consolidated financial results for the Third quarter of the fiscal year ending March 31, 2021
(from April 1, 2020 to December 31, 2020)(1) Consolidated operating results (cumulative)
Revenue

Operating profit

Nine months ended

Millionsof yenDecember 31, 2020
December 31, 2019

101,483 (22.3)
130,663 (1.0)%

Millionsof yen%2,859 (72.4)
10,373 (17.4)

Basic earnings
per share(Percentages indicate year-on-year changes.)
Profit before
income taxes
Millionsof yenProfit%3,016 (71.1)
10,438 (19.4)

Millionsof yen%2,141 (74.1)
8,260 (10.9)

Profitattributable toowners ofparent

Total
comprehensive
incomeMillionsof yenMillionsof yen%2,025 (75.0)
8,106 (11.1)%

3,370 (55.7)
7,612 (10.1)

Diluted earnings
per share

Nine months ended
December 31, 2020

Yen

Yen

40.77

–

December 31, 2019

163.15–(2) Consolidated financial position
Total assets
As ofDecember 31, 2020
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 share
total assets

Millions of yen

Millions of yen

Millions of yen

162,126
161,727

123,299
122,486

121,698
120,869

%

75.1
74.7

Yen

2,449.26
2,432.56

2. Cash dividends
Annual cash dividends per share
Second quarter-end Third quarter-end
Fiscal year-end

First quarter-end
Yen

Fiscal year ended
March 31, 2020
Fiscal year ending
March 31, 2021

Yen

Yen–

29.00

––

20.00

–

Total

Yen

Fiscal year ending
March 31, 2021
(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: None

Yen

29.00

58.00

20.00

40.00

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2021
(from April 1, 2020 to March 31, 2021)(Percentages indicate year-on-year changes.)
Revenue
Millionsof yen

Operating profit%

Millionsof yen%Profit before
income taxes
Millionsof yen

Profit attributable Basic
to owners ofearnings
parentper share

Profit%Millionsof yenFiscal year ending
138,000 (19.3)
5,000 (36.7)
5,200 (21.8)
3,700March 31, 2021
Note: Revisions to the consolidated earnings forecasts most recently announced: None%

Millionsof yen%Yen(8.1)

3,500(10.7)

70.44

* 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 December 31, 2020

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 December 31, 2020

2,956,140 shares

As of March 31, 2020

2,956,099 sharesc. Average number of shares during the period (cumulative from the beginning of the fiscal year)
For the nine months ended December 31, 2020

49,687,922 shares

For the nine months ended December 31, 2019

49,688,033 shares* Quarterly financial results reports are exempt from quarterly review 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 oninformation 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.

Condensed quarterly consolidated financial statements(1) Condensed quarterly consolidated statement of financial position(Millions of yen)
As ofMarch 31,2020
AssetsCurrent assets
Cash and cash equivalents
Trade and other receivables
Other financial assets
Inventories
Other current assets
Total current assetsNon-current assets
Property, plant and equipment
Goodwill and intangible assets
Investments accounted for using the equity method
Other financial assets
Deferred tax assets
Other non-current assets
Total non-current assets
Total assets

- 1 -

As of
December 31,
2020

35,35024,2292,114
19,366
1,697
82,75931,89728,133
3,796
19,496
3,356
86,681

61,491
4,520
63
10,3742,388
129
78,968
161,727

56,2494,693
147
11,7502,484
117
75,444
162,126

(Millions of yen)
As ofMarch 31,2020
Liabilities and equity
Liabilities
Current liabilities
Trade and other payables
Borrowings
Other financial liabilities
Income taxes payable
Provisions
Other current liabilities
Total current liabilities
Non-current liabilities
Borrowings
Other financial liabilities
Defined benefit liability
Provisions
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities
EquityIssued capital
Retained earnings
Treasury shares
Other components of equity
Total equity attributable to owners of parent
Non-controlling interests
Total equity
Total liabilities and equity- 2 -As of
December 31,2020

11,199
7,206
345
2,133
2,880
5,881
29,645

13,350
7,142
416
2,018
－
5,653
28,582

1
1,189
1,470
29
6,625
280
9,596
39,241

－
1,311
1,773
29
6,681
448
10,24438,826

4,175
123,579(4,787)(2,098)120,869
1,617
122,486
161,727

4,175
123,191(4,787)(881)
121,698
1,600
123,299
162,126

(2) Condensed quarterly consolidated statement of income(Millions of yen)
Nine months ended
December 31, 2019
130,663(108,981)
21,682(11,836)695(168)
10,373845(769)Nine months ended
December 31, 2020
101,483(87,199)
14,283(11,603)608(429)2,859
812(642)

(11)

(12)

10,438(2,177)8,260

3,016(875)2,141Profit attributable toOwners of parent
Non-controlling interests
Profit

8,106
154
8,260

2,025
116
2,141

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

163.15－

40.77－

Revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Other income
Other expense
Operating profit
Finance income
Finance costsShare of profit (loss) in investments accounted for using theequity method
Profit before income taxes
Income tax expense
Profit- 3 -(3) Condensed quarterly 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

Nine months ended
December 31, 2019
8,260

Nine months ended
December 31, 2020
2,141320237785

240806(884)436Components 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

(4)

(13)

(889)
(648)
7,612

422
1,229
3,370

Comprehensive income attributable toOwners of parent
Non-controlling interests
Comprehensive income

7,466
146
7,612

3,264
106
3,370

- 4 -(4) Condensed quarterly consolidated statement of changes in equity
Nine months ended December 31, 2019
Equity attributable to owners of parent
Other components of equity
Changesin the fair value
Exchangeof financial
Retained
Treasurydifferences
assets measured
earnings
sharesof foreign
at fair value
operations
through othercomprehensive
incomeIssuedcapitalMillions ofyen

Millions ofyen

Millions ofyen

Millions ofyen

Millions of yen

4,175

122,365(4,787)

187

3,934

Profit－

8,106

－

－－

Other comprehensive income

－－－

(880)

236

－

8,106

－

(880)

236

Balance as of April 1, 2019

Total comprehensive income
Purchase of treasury shares

－－(0)

－－

Dividends
Transfer from other componentsof equity
Total transactions with theowners
Balance as of December 31, 2019－

(2,881)

－－－－

11－

－

(8)

－

(2,870)

(0)

－

(8)

4,175

127,601(4,787)

(692)

4,162

Equity attributable to owners of parent
Other components of equity

Balance as of April 1, 2019

Noncontrollinginterests

Total
equityRemeasurementsof defined benefit
plans

Total

Millions of yen

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen

－

4,122

125,875

1,652

127,527

TotalProfit

－－

8,106

154

8,260

Other comprehensive income

3(640)

(640)

(7)

(648)

3(640)

7,466

146

7,612

Purchase of treasury shares

－－(0)

－(0)

Dividends
Transfer from other componentsof equity
Total transactions with theowners
Balance as of December 31, 2019－－

(2,881)(90)(2,972)

(3)

(11)

－－

－

(3)

(11)

(2,882)(90)(2,972)－

3,469

130,459

1,708

132,168

Total comprehensive income- 5 -Nine months ended December 31, 2020
Equity attributable to owners of parent
Other components of equity
Changesin the fair value
Exchangeof financial
Retained
Treasurydifferences
assets measured
earnings
sharesof foreign
at fair value
operations
through othercomprehensive
incomeIssuedcapitalMillions ofyen

Millions ofyen

Millions ofyen

Millions ofyen

Millions of yen

4,175

123,579(4,787)(5,122)

3,024

Profit

－

2,025

－

－

－

Other comprehensive income

－－

－

440

777

－

2,025

－

440

777

Balance as of April 1, 2020

Total comprehensive income
Purchase of treasury shares

－－

(0)

－－

Dividends
Transfer from other componentsof equity
Total transactions with theowners
Balance as of December 31, 2020－(2,434)

－－－－

20－

－－－(2,413)

(0)

－－

4,175

123,191(4,787)(4,682)3,801

Equity attributable to owners of parent
Other components of equity

Balance as of April 1, 2020

Noncontrollinginterests

Total
equityRemeasurementsof defined benefit
plans

Total

Millions of yen

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen－(2,098)120,869

1,617

122,486

Total

Profit

－－

2,025

116

2,141

Other comprehensive income

20

1,238

1,238

(9)

1,229

20

1,238

3,264

106

3,370

Purchase of treasury shares

－－(0)

－(0)

Dividends
Transfer from other componentsof equity
Total transactions with theowners
Balance as of December 31, 2020－－

(2,434)(123)(2,557)

(20)

(20)

－－－

(20)

(20)

(2,434)(123)(2,557)－(881)

121,698

1,600

123,299

Total comprehensive income- 6 -(5) Condensed quarterly consolidated statement of cash flows
Nine months ended
December 31, 2019
Cash flows from (used in) operating activities
Profit before income taxes
Depreciation and amortization expense
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 of investments
OtherNet 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 -(Millions of yen)
Nine months ended
December 31, 2020

10,438
10,311(723)

3,016
10,097
(596)

11

12

(36)
(583)
1,961
578
246
－(199)
22,003795(120)(3,344)69
19,4021466(3,887)2,158
201(2,880)
(128)
8,076
651
(40)(2,912)
9
5,784(1,123)455(6,826)
328
(985)
0
－
(102)
129(464)10(24)(8,602)(2,292)559(4,080)101(1,217)－(107)
(140)
128
(167)
0(21)
(7,239)(5,521)(356)(0)(2,881)(90)(8,849)1,950
32,444(242)
34,151

(12)
(439)
(0)
(2,433)(123)(3,007)(4,462)35,3501,010
31,897