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 Second Quarter ofthe Fiscal Year Ending March 31, 2021
(under IFRS)October 30, 2020
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:
November 12, 2020
Scheduled date to commence dividend payments:
November 26, 2020
Preparation of supplementary results briefing material on quarterly financial results:
Yes
Holding of quarterly 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 Second quarter of the fiscal year ending March 31, 2021
(from April 1, 2020 to September 30, 2020)(1) Consolidated operating results (cumulative)
Revenue

Operating profit

Six months ended

Millionsof yenSeptember 30, 2020
September 30, 2019

59,324 (33.0)
88,598 (0.4)%

Millionsof yen%(277) –
7,598 (14.8)

Basic earnings
per share(Percentages indicate year-on-year changes.)
Profit before
income taxes
Millionsof yenProfit%(248) –
6,793 (30.6)

Millionsof yen%39 (99.2)
5,181 (24.3)

Profitattributable toowners ofparent

Total
comprehensive
incomeMillionsof yenMillionsof yen%(35) –
5,082 (24.7)%

848 (58.5)
2,047 (75.2)

Diluted earnings pershare

Six months ended
September 30, 2020

Yen

Yen

(0.71)–

September 30, 2019102.29–(2) Consolidated financial position
Total assets
As of
September 30, 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 sharetotal assets

Millions of yen

Millions of yen

Millions of yen

162,901
161,727

121,771
122,486

120,208
120,869

%

73.8
74.7

Yen

2,419.26
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–

29.00

–

20.00

YenTotal

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 yenOperating profit%

Millionsof yen%

Profit before
income taxes
Millionsof yen

Profit attributable Basic
to owners ofearnings
parentper share

Profit%Millionsof yen%

Millionsof yen%

Fiscal year ending
138,000 (19.3)
5,000 (36.7)
5,200 (21.8)
3,700(8.1)
3,500 (10.7)
March 31, 2021
Note: Revisions to the consolidated earnings forecasts most recently announced: Yes
Note: For details of the revision of the consolidated earnings forecast, please refer to “Notice of the Consolidated
Financial Results Forecasts for the Fiscal Year Ending March31, 2021” announced on October 30, 2020.

Yen70.44

* 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 September 30, 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 September 30, 2020

2,956,099 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 six months ended September 30, 2020

49,687,931 shares

For the six months ended September 30, 2019

49,688,042 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.

How to obtain supplementary results briefing material on quarterly financial results
The Company plans to hold a quarterly financial results presentation meeting on November 10, 2020.
The Company also plans to post to its website the materials that are used at the meeting promptly after
the meeting is held.

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 assets
Non-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
September 30,
2020

35,35024,2292,114
19,366
1,697
82,75932,81927,525
3,697
19,761
2,796
86,601

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

58,153
4,718
147
10,6402,517
12276,299
162,901

(Millions of yen)
As ofMarch 31,2020
Liabilities and equity
Liabilities
Current liabilities
Trade and other payablesBorrowings
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
September 30,
2020

11,1997,206345
2,133
2,880
5,881
29,645

15,995
7,168
483
1,803
–
6,541
31,991

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

－
990
1,646
29
6,016
454
9,138
41,1294,175
123,579(4,787)(2,098)120,869
1,617
122,486
161,727

4,175
122,119(4,787)(1,299)120,208
1,563
121,771
162,901

(2) Condensed quarterly consolidated statement of income(Millions of yen)Six months ended
September 30, 201988,598(73,605)
14,993(7,856)
584
(122)
7,598
533
(1,339)Six months ended
September 30, 2020
59,324(52,373)
6,951(7,504)
508(233)(277)
545(506)1(9)6,793(1,612)
5,181(248)287
39Profit attributable toOwners of parent
Non-controlling interests
Profit5,082
98
5,181(35)74
39

Earnings (loss) per share(Attributable to owners of parent)
Basic earnings (loss) per share (Yen)
Diluted earnings per share (Yen)102.29–(0.71)－Revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Other income
Other expense
Operating profit (loss)
Finance income
Finance costs
Share of profit (loss) in investments accounted
for using the equity method
Profit (loss) 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
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 -Six months ended
September 30, 2019
5,181

Six months ended
September 30, 2020
39(2)16(296)225(299)

241(2,835)

581

1(13)

(2,834)(3,133)
2,047

567
809
848

1,980
66
2,047

779
68
848

(4) Condensed quarterly consolidated statement of changes in equity
Six months ended September 30, 2019
Equity attributable to owners of parent
Other components of equity
Changesin the fair value
Exchangeof financial
Retained
Treasurydifference
assets measured
earnings
sharess ofat fair value
foreignthrough otheroperations
comprehensive
incomeIssuedcapitalMillions ofyen

Balance as of April 1, 2019
ProfitOther comprehensive income
Total comprehensive income
Purchase of treasury shares
Dividends
Transfer from other componentsof equity
Total transactions with theowners
Balance as of September 30, 2019

Millions ofyen

Millions ofyen

Millions ofyen

Millions of yen

4,175
－－－－－

122,365
5,082
－
5,082
－
(1,440)(4,787)
－－－
(0)
－

187－
(2,806)(2,806)
－－

3,934
－
(292)
(292)
－－－

5－

－

(8)

－

(1,435)

(0)

－

(8)

4,175

126,012(4,787)(2,618)3,633

Equity attributable to owners of parent
Other components of equity
Remeasurements
Totalof defined benefit
Totalplans
Balance as of April 1, 2019
ProfitOther comprehensive income
Total comprehensive income
Purchase of treasury shares
Dividends
Transfer from other componentsof equity
Total transactions with theowners
Balance as of September 30, 2019

Noncontrollinginterests

Totalequity
Millions ofyen

Millions of yen

Millions ofyen

Millions ofyen

Millions ofyen

－
－(2)
(2)
－－

4,122
－
(3,101)(3,101)－－

125,875
5,082(3,101)1,980(0)(1,440)

1,652
98
(32)
66
－
(90)

127,527
5,181(3,133)2,047(0)(1,531)

2(5)

－

－－

2(5)

(1,441)(90)(1,531)－

1,014

126,415

1,629

128,044- 5 -Six months ended September 30, 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

Balance as of April 1, 2020
Profit (loss)
Other comprehensive
incomeTotal comprehensive
incomePurchase of treasury shares
Dividends
Transfer from othercomponents of equity
Total transactions with theowners
Balance as of September 30,2020Millions ofyen

Millions ofyen

Millions ofyen

4,175
－

123,579(35)(4,787)－(5,122)
－

3,024
－

－－－

574

225

－

(35)

－

574

225

－
－－
(1,440)

－－

－－

－－－

16－

－

－

－

(1,424)

－

－

－

4,175

122,119(4,787)(4,548)3,249

Equity attributable to owners of parent
Other components of equity
Remeasurements
Totalof defined benefit
Total
plans

Noncontrollinginterests

Total
equityMillions ofyenMillions ofyenMillions ofyenMillions of
yen

－
－
16

(2,098)－815

120,869
(35)
815

1,617
74
(5)

122,486
39
809

16

815

779

68

848

－
－

－
－

－
(1,440)－(123)－(1,564)

(16)

(16)

－－

－

(16)

(16)

(1,440)(123)(1,564)－(1,299)120,2081,563

121,771

Millions of yen

Balance as of April 1, 2020
Profit (loss)
Other comprehensive income
Total comprehensive
incomePurchase of treasury shares
Dividends
Transfer from othercomponents of equity
Total transactions with theowners
Balance as of September 30,
2020

Millions of yen- 6 -(5) Condensed quarterly consolidated statement of cash flows(Millions of yen)Six months ended
September 30, 2020

Six months ended
September 30, 2019
Cash flows from (used in) operating activities
Profit (loss) before income taxes
Depreciation and amortization expense
Finance income and finance costs
Share of loss (profit) in investments accounted
for using the equity 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
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 -

6,793
6,824
(471)

(248)
6,577
(402)

(1)

9(37)
(9)
(1,234)
1,419
143－
1,154
14,582519(118)(2,231)69
12,8225(353)(3,288)4,567
108(2,880)
1,092
5,187
391
(38)
(1,895)
9
3,655

(695)
453
(5,361)
219
(591)
0
－
(44)
57(199)10(23)(6,175)(1,748)360(2,655)78(812)－(106)
(67)
55
(162)
－
32
(5,027)(5,464)(227)(0)(1,441)(90)(7,223)(575)
32,444(1,045)30,822(9)(259)－(1,440)(123)(1,832)(3,204)35,350673
32,819