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, 2022
(under IFRS)
February 3, 2022
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, 2022
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, 2022
(from April 1, 2021 to December 31, 2022)(1) Consolidated operating results (cumulative)
RevenueOperating profit

Nine months ended

Millionsof yenDecember 31, 2021
December 31, 2020

123,009 21.2
101,483 (22.3)%

Millionsof yen%7,940 177.7
2,859 (72.4)

Basic earnings
per share(Percentages indicate year-on-year changes.)
Profit before
income taxes
Millionsof yenProfit%8,817 192.3
3,016 (71.1)

Millionsof yen%5,953 178.0
2,141 (74.1)

Profitattributable toowners ofparent

Total
comprehensive
incomeMillionsof yenMillionsof yen%5,850 188.8
2,025 (75.0)%

9,506 182.0
3,370 (55.7)

Diluted earnings pershareNine months ended
December 31, 2021

Yen

Yen

117.73–

December 31, 2020

40.77

–

(2) Consolidated financial position
Total assets
As ofDecember 31, 2021
March 31, 2021

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%

183,156
175,644

139,109
131,996

137,301130,239

75.0
74.1

Yen

2,762.49
2,621.16

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, 2021
Fiscal year ending
March 31, 2022

YenYen–20.00––

26.00–TotalYen

Fiscal year ending
March 31, 2022
(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: None

Yen

20.00

40.00

26.00

52.00

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.)
Revenue
Millionsof yenOperating profit%

Millionsof yen%Profit beforeincome taxes
Millionsof yenProfit attributable Basicto owners ofearnings
parentper share

Profit%Millionsof yenFiscal year ending
167,000
14.3
12,00072.3
12,80054.0
9,000
March 31, 2022
Note: Revisions to the consolidated earnings forecast most recently announced: None%

Millionsof yen%

Yen

93.8

8,800

97.2

177.07

* 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, 2021

52,644,030 shares

As of March 31, 2021

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

2,941,842 shares

As of March 31, 2021

2,956,232 sharesc. Average number of shares during the period (cumulative from the beginning of the fiscal year)
For the nine months ended December 31, 2021

49,696,399 shares

For the nine months ended December 31, 2020

49,687,922 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, 2021

As ofDecember 31, 2021

AssetsCurrent assets
Cash and cash equivalents

39,60741,384

Trade and other receivables

31,71029,145

Other financial assets

4,493

3,251Inventories

21,27629,324

Other current assets

2,459

3,460

Total current assets

99,548106,566

Property, plant and equipment

57,57056,633

Goodwill and intangible assets

3,934

3,962

152

166

Other financial assets

12,076

13,173

Deferred tax assets

2,213

2,513

Other non-current assets

148

140

Total non-current assets

76,096

76,590175,644

183,156

Non-current assets

Investments accounted for using the equity method

Total assets- 1 -(Millions of yen)
As ofMarch 31, 2021

As ofDecember 31, 2021

Liabilities and equity
LiabilitiesCurrent liabilities
Trade and other payables

16,00018,585

Borrowings

7,208

6,100

Other financial liabilities

492

393

Income taxes payable

2,217

2,240

Other current liabilities

7,418

5,916

Total current liabilities

33,33633,235

Other financial liabilities

1,238

1,279

Defined benefit liability

1,251

1,633

29

29

7,331

7,506

Other non-current liabilities

460

361

Total non-current liabilities

10,311

10,811

43,64844,047

4,175

4,175

Retained earnings

125,943

129,519

Treasury shares(4,788)(4,764)

Other components of equity

4,908

8,370

130,239

137,301

1,756

1,807

131,996

139,109

175,644

183,156

Non-current liabilities

Provisions
Deferred tax liabilities

Total liabilities
EquityIssued capital

Total equity attributable to owners of parent
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, 2020

Nine months ended
December 31, 2021

Revenue

101,483

123,009

Cost of sales(87,199)(102,284)

Gross profit

14,283

20,724

Selling, general and administrative expenses(11,603)(12,990)

608

382

Other income
Other expense

(429)

(175)

Operating profit

2,859

7,940

Finance income

812

892

Finance costs

(642)

(10)

Share of profit (loss) in investments accounted for using theequity method

(12)

(5)

3,016

8,817

Income tax expense(875)(2,863)

Profit

2,141

5,953

2,025

5,850

Profit before income taxes

Profit attributable toOwners of parent
Non-controlling interests
Profit

116

103

2,141

5,953

40.77

117.73––Earnings per share(Attributable to owners of parent)
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, 2020
ProfitNine months ended
December 31, 2021

2,141

5,953

Remeasurements of defined benefit plans

20

11

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

785

(265)

806

(253)

Exchange differences of foreign operations

436

3,813

Share of other comprehensive income of associates
accounted for using equity method(13)(6)

Total422

3,806

Total other comprehensive income

1,229

3,552

Comprehensive income

3,370

9,506

3,264

9,325

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

Total
Components that may be reclassified to profit or loss

Comprehensive income attributable toOwners of parent
Non-controlling interests

106180Comprehensive income

3,370

9,506

- 4 -(4) Condensed quarterly consolidated statement of changes in equity
Nine months ended December 31, 2020
Equity attributable to owners of parent
Other components of equity

IssuedcapitalRetainedearnings

TreasurysharesExchangedifferencesof foreign
operations

Changesin the fair value offinancial assets
measured at fairvalue through othercomprehensive
incomeMillions 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

Purchase of treasury shares

––(0)

–

–

Disposal of treasury shares–––––

Dividends–(2,434)–––

Transfer from othercomponents of equity
Total transactions with theowners

–20

––––

(2,413)

(0)

––

4,175

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

3,801

Balance as of April 1, 2020

Total comprehensive income

Balance as of December 31, 2020

Equity attributable to owners of parent
Other components of equity

Noncontrollinginterests

Totalequity

Remeasurementsof defined benefit
plans

Total

Millions of yen

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen–(2,098)120,869

1,617

122,486

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)

Disposal of treasury shares–––––Dividends––(2,434)(123)(2,557)

(20)

(20)

–––(20)(20)(2,434)(123)(2,557)–(881)

121,698

1,600

123,299

Balance as of April 1, 2020

Total comprehensive income

Transfer from othercomponents of equity
Total transactions with theowners
Balance as of December 31, 2020

Total- 5 -Nine months ended December 31, 2021
Equity attributable to owners of parent
Other components of equity
Changesin the fair value offinancial assets
measured at fairvalue through othercomprehensive
incomeMillions of yen

IssuedcapitalRetainedearnings

TreasurysharesExchangedifferencesof foreign
operations

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen

4,175

125,943(4,788)

367

4,541

Profit

–

5,850

–

–

–

Other comprehensive income–––

3,726(263)

–

5,850

–

3,726(263)

Purchase of treasury shares

––(0)

––

Disposal of treasury shares

–(0)

23–

–

Dividends–(2,286)–––

Transfer from othercomponents of equity
Total transactions with theowners–

12––(1)–(2,273)

23–

(1)

4,175

129,519(4,764)

4,094

4,276

Balance as of April 1, 2021

Total comprehensive income

Balance as of December 31, 2021

Equity attributable to owners of parent
Other components of equity

Noncontrollinginterests

Total
equityRemeasurementsof defined benefit
plans

Total

Millions of yen

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen

–

4,908

130,239

1,756

131,996

Profit

––

5,850

103

5,953

Other comprehensive income

11

3,474

3,474

77

3,552

11

3,474

9,325

180

9,506

Purchase of treasury shares

––(0)

–(0)

Disposal of treasury shares

––22

–

22

Dividends––(2,286)(129)(2,415)

(11)

(12)

–––

(11)

(12)

(2,263)(129)(2,393)–

8,370

137,301

1,807

139,109

Balance as of April 1, 2021

Total comprehensive income

Transfer from othercomponents of equity
Total transactions with theowners
Balance as of December 31, 2021

Total

- 6 -(5) Condensed quarterly consolidated statement of cash flows(Millions of yen)
Nine months ended
December 31, 2020

Nine months ended
December 31, 2021

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

3,016

8,817

Depreciation and amortization expense

10,097

9,529(596)

(799)

125

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

142466(7,082)

Decrease (Increase) in trade and other receivables(3,887)

3,026

Increase (decrease) in trade and other payables

2,158

1,703

Increase (decrease) in defined benefit liability

201297

Decrease (Increase) in inventories

Increase (decrease) in provisions
Other
SubtotalInterest 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(2,880)–(128)(1,679)8,076

13,843

651

642

(40)

(18)

(2,912)(3,725)

9502

5,784

11,244

Cash flows from (used in) investing activities
Payments into time deposits(2,292)(2,004)

Proceeds from withdrawal of time deposits

559

2,495

Purchase of property, plant and equipment(4,080)(6,124)101

125

Proceeds from sales of property, plant and equipment
Purchase of intangible assets(1,217)(890)

Purchase of investments in associates

(107)

–

Payments of loans receivable

(140)

(66)

Collection of loans receivable

128

96

Purchase of investments

(167)

(314)

0

1

(21)

(31)

(7,239)(6,713)

Net increase (decrease) in short-term borrowings(12)(1,093)

Repayments of lease liabilities

(439)

(545)

Proceeds from sales and redemption of investments
OtherNet cash flows from (used in) investing activities
Cash flows from (used in) financing activities

Purchase of treasury shares

(0)

(0)

(2,433)(2,283)

Cash dividends paid to non-controlling shareholders

(123)

(129)

Cash dividends paid
Net cash flows from (used in) financing activities(3,007)(4,053)

Net increase (decrease) in cash and cash equivalents(4,462)

478

Cash and cash equivalents at beginning of period

35,35039,607

Effect of exchange rate change on cash and cash equivalents

1,010

1,298

Cash and cash equivalents at end of period

31,89741,384- 7 -