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, 2023
(under IFRS)
November 4, 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:
November 11, 2022
Scheduled date to commence dividend payments:
November 28, 2022
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, 2023
(from April 1, 2022 to September 30, 2022)(1) Consolidated operating results (cumulative)
Revenue(Percentages indicate year-on-year changes.)

Operating profit

Six months ended

Millionsof yen%September 30, 2022
September 30, 2021

107,148
79,37035.0
33.8

Millionsof yenProfit before
income taxes

Profit%Millionsof yen%4,236 (23.9)
5,563
–

5,723
5,964(4.0)–

Basic earnings
per share

Millionsof yen%3,480 (17.2)
4,204–

Profitattributable toowners ofparent

Total
comprehensive
incomeMillionsof yenMillionsof yen%3,374 (18.6)
4,144 –%

16,356 226.0
5,017 491.1

Diluted earnings pershare

Six months ended
September 30, 2022

Yen

Yen

67.87

–

September 30, 2021

83.41

–

(2) Consolidated financial position
Total assets
As of
September 30, 2022
March 31, 2022

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%

214,686
195,364

163,527
148,532

161,452
146,625

75.2
75.1

Yen

3,246.73
2,950.09

2. Cash dividends
First quarter-endAnnual cash dividends per share
Second quarterThird quarter-end
Fiscal year-endend

Yen

Fiscal year ended
March 31, 2022
Fiscal year ending
March 31, 2023

Yen–

26.00

–

26.00

Yen

TotalYen–

Fiscal year ending
March 31, 2023–
(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: None

Yen

26.00

52.00

26.00

52.00

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2023
(from April 1, 2022 to March 31, 2023)(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
218,000
27.5
11,50014.4
13,40012.2
8,600
March 31, 2023
Note: Revisions to the consolidated earnings forecast most recently announced: Yes%

Millionsof yen%

Yen(0.9)

8,400(1.8)

168.95

* 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, 2022

52,644,030 shares

As of March 31, 2022

52,644,030 sharesb. Number of treasury shares at the end of the period
As of September 30, 2022

2,916,364 shares

As of March 31, 2022

2,941,879 sharesc. Average number of shares during the period (cumulative from the beginning of the fiscal year)
For the six months ended September 30, 2022

49,712,331 shares

For the six months ended September 30, 2021

49,693,489 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, 2022.
The Company also plans to post to its website the materials that are used at the meeting on the same day.

Condensed quarterly consolidated financial statements(1) Condensed quarterly consolidated statement of financial position(Millions of yen)
As ofMarch 31, 2022

As ofSeptember 30, 2022

AssetsCurrent assets
Cash and cash equivalents

44,62749,364

Trade and other receivables

34,20340,935

Other financial assets

2,413

2,714

Inventories

30,78035,257

Other current assets

2,985

3,689

Total current assets

115,010

131,961

Property, plant and equipment

60,02963,076

Goodwill and intangible assets

3,805

3,676

168

185

Other financial assets

13,60712,842

Deferred tax assets

2,595

2,646

Other non-current assets

146

297

Total non-current assets

80,35485,725

195,364

214,686

Non-current assets

Investments accounted for using the equity method

Total assets- 1 -(Millions of yen)
As ofMarch 31, 2022

As of
September 30, 2022

Liabilities and equity
Liabilities
Current liabilities
Trade and other payables

18,254

20,371

Borrowings

6,100

6,100

Other financial liabilities

385

396

Income taxes payable

2,125

2,266

Provisions

1,669

3,037

Other current liabilities

7,042

7,283Total current liabilities

35,57739,456

Other financial liabilities

1,260

1,241

Defined benefit liability

1,644

1,486

14

14

7,973

8,428

Other non-current liabilities

362

531

Total non-current liabilities

11,255

11,703

46,832

51,159

4,175

4,175

Retained earnings

132,252

134,720

Treasury shares(4,764)(4,723)

Other components of equity

14,962

27,279Total equity attributable to owners of parent

146,625

161,452

1,906

2,074

148,532

163,527

195,364

214,686

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)Six months ended
September 30, 2021

Six months ended
September 30, 2022

Revenue

79,370107,148

Cost of sales(65,441)(92,362)

Gross profit

13,92814,786

Selling, general and administrative expenses(8,520)(10,765)

253

298

Other income
Other expense

(98)

(82)

Operating profit

5,563

4,236

Finance income

453

1,515

Finance costs

(49)

(22)

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

(3)

(5)

Profit before income taxes

5,964

5,723

Income tax expense(1,759)(2,243)

Profit

4,204

3,480

4,144

3,374

Profit attributable toOwners of parent
Non-controlling interests
Profit

59

106

4,204

3,480

83.41

67.87

–

–

Earnings (loss) per share
Basic earnings (loss) per share (Yen)
Diluted earnings per share (Yen)- 3 -(3) Condensed quarterly consolidated statement of comprehensive income(Millions of yen)Six months ended
September 30, 2021
ProfitSix months ended
September 30, 2022

4,204

3,480

0393

117(388)

117

5

Exchange differences of foreign operations

696

12,874

Share of other comprehensive income of associates
accounted for using equity method

(0)

(4)

Total

695

12,870Total other comprehensive income

812

12,876

5,017

16,356

4,918

16,085

Other 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

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

98271

Comprehensive income

5,017

16,356- 4 -(4) Condensed quarterly consolidated statement of changes in equity
Six months ended September 30, 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–

4,144

–––

Other comprehensive income

–––

657

115

–

4,144–

657

115

Purchase of treasury shares

––(0)

––

Disposal of treasury shares

–(0)

23

––

Dividends–(993)

–––

–

1

––(1)

–(993)

23

–(1)

4,175

129,095(4,764)

1,025

4,655

Balance as of April 1, 2021

Total comprehensive income

Transfer from othercomponents of equity
Total transactions with theowners
Balance as of September 30, 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

–

–

4,144

59

4,204

Other comprehensive income

0773

773

39812

0773

4,918

98

5,017

Purchase of treasury shares

–

–

(0)

–

(0)

Disposal of treasury shares

–

–

22

–

22

Dividends

–

–

(993)

(129)

(1,123)

(0)

(1)

–

–

–

(0)

(1)

(971)

(129)

(1,101)–

5,680

134,1861,725

135,912

Balance as of April 1, 2021

Total comprehensive income

Transfer from othercomponents of equity
Total transactions with theowners
Balance as of September 30, 2021

- 5 -

Total

Six months ended September 30, 2022
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

132,252(4,764)

10,4804,481

Profit–

3,374

–––

Other comprehensive income–––

12,700

(383)

–

3,374

–

12,700(383)

Purchase of treasury shares

––(0)

––

Disposal of treasury shares

–(7)

41

––

Dividends–(1,292)

––––

393

––––(906)

41

––

4,175

134,720(4,723)23,181

4,098

Balance as of April 1, 2022

Total comprehensive income

Transfer from othercomponents of equity
Total transactions with theowners
Balance as of September 30, 2022

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–

14,962

146,625

1,906

148,532

–

–

3,374

106

3,480

393

12,711

12,711165

12,876393

12,711

16,085271

16,356

Purchase of treasury shares

––(0)

–

(0)

Disposal of treasury shares

––

33

–

33

Dividends––(1,292)(103)(1,396)

(393)

(393)

–

–

–

(393)

(393)

(1,258)(103)(1,362)–

27,279161,452

2,074

163,527

Balance as of April 1, 2022
ProfitOther comprehensive income
Total comprehensive income

Transfer from othercomponents of equity
Total transactions with theowners
Balance as of September 30, 2022

- 6 -Total

(5) Condensed quarterly consolidated statement of cash flows(Millions of yen)Six months ended
September 30, 2021

Six months ended
September 30, 2022

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

5,964

Depreciation and amortization expense

6,329

6,805

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(443)(1,034)35

1214

Decrease (Increase) in inventories(4,073)(1,106)

Decrease (Increase) in trade and other receivables

4,438(2,782)

Increase (decrease) in trade and other payables

(683)

422

Increase (decrease) in defined benefit liability

189

118

Increase (decrease) in provisions
OtherSubtotal
Interest and dividend income received
Interest expenses paid

5,723

–

1,367

(1,021)(24)

10,7149,510355

385

(15)

(6)

(2,672)(2,422)

Income taxes refund and interest on refund received

495

19

Net cash flows from (used in) operating activities

8,878

7,487

Income taxes paid

Cash flows from (used in) investing activities
Payments into time deposits(1,255)(863)

Proceeds from withdrawal of time deposits

1,261

1,368

Purchase of property, plant and equipment(3,732)(4,427)

Proceeds from sales of property, plant and equipment

107

33

Purchase of intangible assets

(566)

(429)

Payments of loans receivable

(52)

(38)

Collection of loans receivable
Purchase of investmentsProceeds from sales and redemption of investments

6049(214)

(268)

1–

(16)

(62)

(4,406)(4,637)(1,093)–

Repayments of lease liabilities

(365)

(239)

Purchase of treasury shares

(0)

(0)

Cash dividends paid

(993)

(1,292)

Cash dividends paid to non-controlling shareholders

(129)

(103)

Net cash flows from (used in) financing activities(2,582)(1,635)Other
Net cash flows from (used in) investing activities
Cash flows from (used in) financing activities
Net increase (decrease) in short-term borrowings

Net increase (decrease) in cash and cash equivalents

1,888

1,214

Cash and cash equivalents at beginning of period

39,60744,627

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

- 7 -

151

3,523

41,64849,364