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, 2024
(under IFRS)
February 2, 2024
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 14, 2024
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, 2024
(from April 1, 2023 to December 31, 2023)(1) Consolidated operating results (cumulative)
Revenue(Percentages indicate year-on-year changes.)

Operating profit

Nine months ended

Millionsof yen%December 31, 2023
December 31, 2022

177,508
162,355

9.3
32.0

Millionsof yenProfit before
income taxes

Profit%Millionsof yen%Millionsof yen%11,944 73.6
6,879 (13.4)

14,736
8,350

76.5
(5.3)

10,648
5,732

85.8
(3.7)

Basic earnings
per share

Profitattributable toowners ofparent

Total
comprehensive
incomeMillionsof yen%Millionsof yen%10,434 88.4
5,538 (5.3)

17,739
9,185

93.1
(3.4)

Diluted earnings pershareNine months ended
December 31, 2023

Yen

Yen

209.78–December 31, 2022

111.41–(2) Consolidated financial position
Total assets
As ofDecember 31, 2023
March 31, 2023

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

227,883
210,626

175,562
162,124

174,328
160,055

%

76.5
76.0

Yen

3,504.39
3,218.63

2. Cash dividends
First quarter-end

Annual cash dividends per shareSecond quarterThird quarter-end
Fiscal year-endend

Yen

Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024

Yen–

26.00

–

30.00

YenTotal

Yen–

Fiscal year ending
March 31, 2024–
(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: None

Yen

30.00

56.00

30.00

60.00

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2024
(from April 1, 2023 to March 31, 2024)(Percentages indicate year-on-year changes.)
Revenue
Millionsof yen

Operating profit%

Millionsof yen%Profit before
income taxes
Millionsof yenProfit attributable Basic
to owners ofearnings
parentper share

Profit%Millionsof yenFiscal year ending
234,000
6.9
14,00017.6
17,00024.6
11,200March 31, 2024
Note: Revisions to the consolidated earnings forecast most recently announced: None%

Millionsof yen%

Yen

14.3

11,00015.0

221.15

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

Yesb. 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, 2023

52,644,030 shares

As of March 31, 2023

52,644,030 sharesb. Number of treasury shares at the end of the period
As of December 31, 2023

2,898,207 shares

As of March 31, 2023

2,916,364 sharesc. Average number of shares during the period (cumulative from the beginning of the fiscal year)
For the nine months ended December 31, 2023

49,738,583 shares

For the nine months ended December 31, 2022

49,717,462 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 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.

Condensed quarterly consolidated financial statements(1) Condensed quarterly consolidated statement of financial position(Millions of yen)
As ofMarch 31, 2023

As ofDecember 31, 2023

AssetsCurrent assets
Cash and cash equivalents

53,73871,551

Trade and other receivables

38,73935,227

Other financial assets

3,9025,120

Inventories

32,71532,758Other current assets

3,091

4,964

Total current assets

132,189

149,622

Property, plant and equipment

57,48356,718Goodwill and intangible assets

3,447

3,107

161

133

Other financial assets

14,395

15,200

Deferred tax assets

2,554

2,741

Other non-current assets

394

358

Total non-current assets

78,43778,260210,626

227,883

Non-current assets

Investments accounted for using the equity method

Total assets- 1 -(Millions of yen)
As ofMarch 31, 2023

As ofDecember 31, 2023

Liabilities and equityLiabilities
Current liabilities
Trade and other payables

18,204

18,681

Borrowings

6,100

6,100

Other financial liabilities

313

459

Income taxes payable

2,019

2,558

Provisions

3,478

6,269

Other current liabilities

8,187

7,536

Total current liabilities

38,302

41,605

Other financial liabilities

1,096

1,180

Defined benefit liability

1,527

1,393

14

14

7,087

7,608

Other non-current liabilities

472

517

Total non-current liabilities

10,19910,71448,50252,320

4,175

4,175

Retained earnings

139,639

146,939

Treasury shares(4,723)(4,694)

Other components of equity

20,96327,906

Total equity attributable to owners of parent

160,055

174,328

2,069

1,234

162,124

175,562

210,626

227,883

Non-current liabilities

Provisions
Deferred tax liabilities

Total liabilities
EquityIssued capital

Non-controlling interests
Total equity
Total liabilities and equity- 2 -(2) Condensed quarterly consolidated statement of income(Millions of yen)
Nine months ended
December 31, 2022

Nine months ended
December 31, 2023

Revenue

162,355

177,508

Cost of sales(139,558)(146,862)

Gross profit

22,79630,646

Selling, general and administrative expenses(16,217)(18,963)

445

497

Other income
Other expense

(145)

(235)

Operating profit

6,879

11,944

Finance income

1,506

2,811

Finance costs

(27)

(16)

Share of profit (loss) of investments accounted for using
equity method

(8)

(2)

Profit before income taxes

8,350

14,736

Income tax expense(2,618)(4,088)

Profit5,732

10,6485,538

10,434

Profit attributable toOwners of parent
Non-controlling interests
Profit

193

214

5,732

10,648111.41209.78–－Earnings per share
Basic earnings per share (Yen)
Diluted earnings per share (Yen)- 3 -(3) Condensed quarterly consolidated statement of comprehensive income(Millions of yen)
Nine months ended
December 31, 2022
ProfitNine months ended
December 31, 2023

5,732

10,648Remeasurements of defined benefit plans

326

11

Changes in the fair value of financial assets measured at fairvalue through other comprehensive income(461)

1,480(134)

1,492

3,582

5,605

6(7)

Total

3,588

5,597

Total other comprehensive income

3,453

7,090Comprehensive income

9,185

17,7398,936

17,388Other comprehensive income
Components that will not be reclassified to profit or loss

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

Comprehensive income attributable toOwners of parent
Non-controlling interests

248

350

Comprehensive income

9,185

17,739- 4 -(4) Condensed quarterly consolidated statement of changes in equity
Nine months ended December 31, 2022
Equity attributable to owners of parent
Other components of equity

IssuedcapitalCapitalsurplusRetainedearnings

TreasurysharesExchangedifferencesof foreign
operations

Changes in thefair value offinancialassetsmeasured atfair value
through othercomprehensiv
e income

Millionsof yenMillionsof yenMillionsof yenMillionsof yenMillions ofyen

Millions of yen

4,175

–

132,252(4,764)

10,4804,481

ProfitOther comprehensive
incomeTotal comprehensive
incomePurchase of treasury shares

–

–

5,538

–

––––

–

–

3,528(456)

–

–

5,538

–

3,528(456)–––(0)––

Disposal of treasury shares

––(7)

41

––Dividends
Increase (decrease) throughchanges in interests
Transfer from retained
earnings to capital surplus
Transfer from othercomponents of equity
Total transactions withthe owners
Balance as of December 31,2022––(2,585)–––––––––––––––––327––(1)––(2,265)

41

–

(1)

4,175

–

135,526(4,723)14,0094,023

Balance as of April 1, 2022

Equity attributable to owners of parent
Other components of equity

Total

Noncontrollinginterests

TotalequityRemeasurementsof defined benefit plans

Total

Millions of yen

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen–

14,962

146,625

1,906

148,532

–

–

5,538

193

5,732

326

3,397

3,397

55

3,453

326

3,397

8,936

248

9,185

–

–

(0)

–

(0)

Disposal of treasury shares

––

33

–

33

Dividends
Increase (decrease) throughchanges in interests
Transfer from retained
earnings to capital surplus
Transfer from othercomponents of equity
Total transactions withthe owners
Balance as of December 31,2022––(2,585)(157)(2,742)––––––––––

(326)

(327)

–––(326)(327)(2,551)(157)(2,708)–18,032

153,011

1,998

155,009

Balance as of April 1, 2022
ProfitOther comprehensive
incomeTotal comprehensive
incomePurchase of treasury shares- 5 -Nine months ended December 31, 2023
Equity attributable to owners of parent
Other components of equity

IssuedcapitalCapitalsurplusRetainedearnings

TreasurysharesExchangedifferencesof foreign
operations

Changesin the fair valueof financial
assets measured
at fair value
through othercomprehensive
incomeMillionsof yen

Millionsof yen

Millionsof yen

Millionsof yenMillions ofyen

Millions of yen

4,175

－

139,639(4,723)

16,180

4,782

ProfitOther comprehensive
incomeTotal comprehensive
incomePurchase of treasury shares－－

10,434

－

－

－

－

－

－

－

5,475

1,468

－

－

10,434

－

5,475

1,468

－

－

－

(0)

－

－

Disposal of treasury shares

－

3－

29

－

－

Dividends
Increase (decrease) throughchanges in interests
Transfer from retained
earnings to capital surplus
Transfer from othercomponents of equity
Total transactions withthe ownersBalance as of December 31,2023－－(2,984)－－－－(163)

－－－－－

160

(160)

－－－－－

11－

－－－－

(3,133)

29－

－

4,175

－

146,939(4,694)

21,656

6,250

Balance as of April 1, 2023

Equity attributable to owners of parent
Other components of equity

Total

Noncontrollinginterests

Total
equityRemeasurementsof defined benefit plans

Total

Millions of yen

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen－

20,963160,055

2,069

162,124

ProfitOther comprehensive
incomeTotal comprehensive
incomePurchase of treasury shares－－

10,434

214

10,648

11

6,954

6,954

135

7,090

11

6,954

17,388350

17,739

－

－

(0)

－

(0)

Disposal of treasury shares

－－

32

－

32

Dividends
Increase (decrease) throughchanges in interests
Transfer from retained
earnings to capital surplus
Transfer from othercomponents of equity
Total transactions withthe owners
Balance as of December 31,2023－－(2,984)(55)(3,039)－－(163)(1,130)(1,293)

－－

－

－

－

(11)

(11)

－

－

－

(11)

(11)

(3,115)(1,185)(4,300)－27,906

174,328

1,234

175,562

Balance as of April 1, 2023

- 6 -(5) Condensed quarterly consolidated statement of cash flows(Millions of yen)
Nine months ended
December 31, 2022

Nine months ended
December 31, 2023

Cash flows from (used in) operating activities
Profit before income taxes

8,350

14,736

Depreciation and amortization expense

10,253

9,807

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(1,102)(2,346)8231

17Decrease (Increase) in inventories(2,475)

1,663

Decrease (Increase) in trade and other receivables

1,026

5,522

Increase (decrease) in trade and other payables

178

(405)

Increase (decrease) in defined benefit liability

188

(201)

Increase (decrease) in provisions

1,450

2,791

Other(640)(1,127)

17,26730,459733

1,442

SubtotalInterest and dividend income received
Interest expenses paid

(17)

(12)

(4,410)(5,435)19

17

13,592

26,471

Payments into time deposits(976)(3,525)

Proceeds from withdrawal of time deposits

1,479

4,365Purchase of property, plant and equipment

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(6,140)(6,100)

Proceeds from sales of property, plant and equipment

10090

Purchase of intangible assets

(628)

(416)

Payments of loans receivable

(61)

(53)

Collection of loans receivable
Purchase of investments
Proceeds from sale and redemption of investments
Other
Net cash flows from (used in) investing activities

85

132

(426)

(354)

236(61)(83)(6,626)(5,908)

(352)

(361)

－(1,292)

Cash flows from (used in) financing activities
Repayments of lease liabilities
Payments for acquisition of interests in
subsidiaries from non-controlling interests
Purchase of treasury shares
Cash dividends paid

(0)

(0)

(2,583)(2,981)

Cash dividends paid to non-controlling shareholders

(157)

(55)

Net cash flows from (used in) financing activities(3,093)(4,690)Net increase (decrease) in cash and cash equivalents

3,871

15,872

Cash and cash equivalents at beginning of period

44,62753,738671

1,940

49,17071,551

Effect of exchange rate change on cash and cash equivalents
Cash and cash equivalents at end of period- 7 -