This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, theoriginal shall prevail. The Company assumes no responsibility for this translation or for direct,
indirect or any other forms of damages arising from the translation.

Financial Results for the Six Months Ended September 30, 2021
[Japanese GAAP] (Consolidated)
October 26, 2021
Company name: Tatsuta Electric Wire & Cable Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Stock Code: 5809
URL: http://www.tatsuta.comRepresentative: Hirohito Miyashita, President and Representative Director
Contact: Masafumi Imai, Director, Executive Officer, General Manager of Accounting and Finance Department
Phone: +81-6-6721-3011
Scheduled date of filing Quarterly Report: November 11, 2021
Scheduled date of commencing dividend payments: December 1, 2021
Availability of supplementary briefing material on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Scheduled (for institutional investors, analysts and journalists)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2021 (From April 1, 2021 toSeptember 30, 2021)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous corresponding period.)
Net sales

Operating income% Millions of yen

Millions of yen

Six months ended
September 30, 2021
Six months ended
September 30, 2020

Ordinary income% Millions of yen

Income attributable toowners of parent% Millions of yen%

29,6048.1

1,704(15.3)

1,830(9.9)

1,334(8.7)

27,386(6.0)

2,011

(1.8)

2,032

(1.7)

1,460

2.2

(Note) Comprehensive income: Six months ended September 30, 2021: 1,012 million yen [(49.6)%]
Six months ended September 30, 2020: 2,008 million yen [56.9%]
Yen

Diluted earnings pershare
Yen

21.60

-

23.64

-

Income per share
Six months ended
September 30, 2021
Six months ended
September 30, 2020

(2) Consolidated Financial Position
Total assets
Millions of yen
As ofSeptember 30, 2021
As ofMarch 31, 2021

Net assets
Millions of yen

Equity ratio%

Net assets per share
Yen

57,80447,35781.9766.53

56,961

46,901

82.3

759.14(Reference) Equity: As of September 30, 2021: 47,357 million yen
As of March 31, 2021: 46,901 million yen

2. Dividends
Annual dividends
1st quarter-end
Yen

2nd quarter-end
Yen

3rd quarter-end
Yen-

9.00

-

9.00

Fiscal year ended
March 31, 2021
Fiscal year ending
March 31, 2022
Fiscal year ending
March 31, 2022
(Forecast)Year-end

Total
Yen

Yen-

9.00

18.00

-

9.00

18.00

(Note) Revisions from the most recently announced dividends forecast: No
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (From April 1, 2021 toMarch 31, 2022)(% indicates changes from the previous corresponding period.)
Net sales
Millions of yen

Full year

61,700Operating income% Millions of yen
13.2

3,600

Income attributable toowners of parent

Ordinary income

Incomeper share% Millions of yen% Millions of yen%Yen

1.9

1.9

0.2

42.89

3,700

2,650

(Note) Revisions from the most recently announced financial results forecast: Yes
Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting inchanges in scope of consolidation): No
Newly added: NA
Excluded: NA(2) Application of special accounting treatment in preparation of quarterly consolidated financial statements: No(3) Changes in accounting principles, changes in accounting estimates and retrospective restatement
1) Changes in accounting principles due to the revision of accounting standards: Yes
2) Changes in accounting principles other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury shares):
As of September 30, 2021
70,156,394 shares
As of March 31, 2021
70,156,394 shares2) Total number of treasury shares at the end of the period:
As of September 30, 2021
8,374,827 shares
As of March 31, 2021
8,374,360 shares
3) Average number of shares during the period (cumulative quarterly period):
Six months ended September 30, 2021
61,781,838 shares
Six months ended September 30, 2020
61,782,383 shares* These quarterly consolidated financial results are outside the scope of quarterly review by a certified public
accountant or an audit corporation.

* Overview of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements herein are based on information available to theCompany and certain assumptions deemed reasonable as at the date of publication of this document and should
not be interpreted as any kind of guarantee or promise by the Company to achieve such forecasts. In addition,
actual results may differ significantly from these forecasts due to a wide range of factors.
The supplemental financial information is scheduled to be disclosed on the TDnet on that same day as well ason the Company’s website.

Table of Contents of Reference Materials
1. Qualitative Information on Financial Results for the Quarterly Period Under Review ....................................... 1(1) Overview of business results ................................................................................................................... 1(2) Overview of financial position ................................................................................................................ 2(3) Overview of cash flows .......................................................................................................................... 2(4) Overview of forward-looking information such as consolidated financial results forecasts ........................... 3
2. Quarterly Consolidated Financial Statements................................................................................................. 4(1) Quarterly Consolidated Balance Sheets .................................................................................................... 4(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive
Income .................................................................................................................................................. 6(3) Quarterly Consolidated Statements of Cash Flows .................................................................................... 8

1. Qualitative Information on Financial Results for the Quarterly Period Under Review(1) Overview of business results
During the six months ended September 30, 2021, while the Japanese economy remains in a harsh situation owing
to the impact of COVID-19 and restrictions on social and economic activities continue, there are signs pointing torecovery in areas including corporate earnings, capital investment, and production, although there are weaknesses insome areas. In the world economy as well, although conditions are still harsh in some areas due to the global spread of
COVID-19 and there are concerns over semiconductor supply shortfalls, vaccine administration is progressing andthere are signs of a recovery, creating a hope for economic recovery.
Domestic quotation prices for copper, the main raw material used for the Company’s products, have been rising since
the beginning of the previous fiscal year, causing the average domestic quotation prices for copper during the six
months ended September 30, 2021, to be on levels significantly higher compared to the same period of the previous
fiscal year.
At the same time, demand for electric wires for infrastructure have been on a recovery trend from the significant
decline during the previous fiscal year due to the impact of COVID-19, and in the equipment wire and cable businessas well, a recovery in demand for some users continued. Although the sales of mobile terminals, the main usage offunctional films, continued strong, the materials demand was affected by the inventory adjustments by users.
In this environment, net sales for the six months ended September 30, 2021, were 29,604 million yen (up 8.1% year
on year), recording higher income. Operating income was 1,704 million yen (down 15.3% year on year), and ordinary
income was 1,830 million yen (down 9.9% year on year). Income attributable to owners of parent was 1,334 million
yen (down 8.7% year on year), recording lower profit.

An overview of the Group’s business performance by segment is as follows:[Electric Wire and Cable Business]
Although electric wires for infrastructure are on a recovery trend from the impact of COVID-19, sales volume wasdown (down 8.3% year on year) compared to the relatively solid corresponding period of the previous fiscal year.
Meanwhile, owing to factors such as the significant increase in copper prices, and a recovery in demand at somecustomers for equipment wire and cable, segment net sales were 19,331 million yen (up 17.9% year on year). Operating
income was 407 million yen (up 53.1% year on year) due to the effect of movements in copper prices and a recovery
in the equipment wire and cable business, etc., despite a rise in raw materials prices.

[Electronic Materials Business]
Demand for functional films, our flagship products, saw a decline in sales volume (down 10.2% year on year) owing
to factors such as the effects of inventory adjustments by users and semiconductor shortages, resulting in segment net
sales of 9,292 million yen (down 8.3% year on year) and operating income of 1,646 million yen (down 22.6% year onyear).
[Other Businesses]
In each of the businesses of our sensor, medical equipment materials, and environmental analysis businesses, arecovery from the subdued demand caused by the impact of COVID-19 was seen in some areas, and segment net sales

1were 994 million yen (up 13.9% year on year), and operating income was 6 million yen (operating loss of 43 million
yen in the same period of the previous fiscal year).

As a company, our priority will be to continue to secure the safety of our employees and society through intensive
COVID-19 countermeasures and fulfill our responsibility to maintain supply to our customers. On this premise, while
accurately capturing demand that is now on a recovery trend, we will promote growth through response to increasing
business opportunities associated with the spread of 5G and the expansion of a carbon-neutral society.
(2) Overview of financial position
Total assets at the end of the six months ended September 30, 2021, increased by 842 million yen from the end of
the previous fiscal year to 57,804 million yen, mainly due to increases in notes and accounts receivable - trade andinventories, despite a decrease in short-term loans receivable.
Total liabilities increased by 386 million yen from the end of the previous fiscal year to 10,446 million yen primarily
as a result of an increase in notes and accounts payable - trade.
Total net assets increased by 456 million yen from the end of the previous fiscal year to 47,357 million yen mainly
due to an increase in retained earnings owing to the posting of income attributable to owners of parent, despite adecrease stemming from the payment of dividends.
As a result, the equity ratio decreased by 0.4 percentage points from the end of the previous fiscal year to 81.9%.
(3) Overview of cash flows
Cash and cash equivalents (hereinafter referred to as “funds”) at the end of the six months ended September 30, 2021,
amounted to 1,293 million yen, a decrease of 151 million yen from the end of the previous fiscal year.

Overall cash flows and the reasons therefor are as follows:(Cash flows from operating activities)
Net cash used in operating activities resulted in a net cash outflow of 1,279 million yen, a decrease in cash inflow of
3,723 million yen from a net cash inflow of 2,444 million yen in the same period of the previous fiscal year, withnetting factors such as income before income taxes of 1,824 million yen, the posting of depreciation of 930 million
yen, and an increase in trade payables of 350 million yen contributing to an increase in funds and factors contributing
to a decrease in funds including increase in trade receivables of 3,189 million yen and increase in inventories of 1,313
million yen.

(Cash flows from investing activities)
Net cash provided by investing activities amounted to 1,721 million yen, an increase in cash inflow of 3,712 million
yen from a net cash outflow of 1,991 million yen in the same period of the previous fiscal year, due primarily to a net
decrease in short-term loans receivable of 3,146 million yen contributing to an increase in funds, despite the purchaseof property, plant and equipment of 1,301 million yen contributing to a decrease in funds.

2

(Cash flows from financing activities)
Net cash used in financing activities resulted in a net cash outflow of 556 million yen mainly due to cash dividends
paid of 556 million yen, an increase in net cash outflow by 0 million yen from the same period of the previous fiscal
year.

(4) Overview of forward-looking information such as consolidated financial results forecasts
Revision to Consolidated Financial Results Forecast for the Full Year of the Fiscal Year Ending March 31, 2022
(From April 1, 2021 to March 31, 2022)

Net sales
Previously
announced forecast(A)
Newly announced
forecast (B)Amount of change(B-A)
Percent change (%)(Reference)
Results for the fiscal
year ended March 31,2021(Millions of yen, unless otherwise stated)
IncomeOrdinary income
attributable to
Income per shareowners of parent

Operatingincome65,200

3,600

3,700

2,650

42.89 yen

61,700

3,600

3,700

2,650

42.89 yen

(3,500)----(5.4)%----

54,516

3,532

3,629

2,645

42.83 yen(Reasons for revision)
For financial results forecasts for the full year of the fiscal year ending March 31, 2022, net sales are projected to belower due to sales volume decline in the electric wire and cable business and the electronic materials business comparedto the financial results forecast announced at the earnings announcement on July 27, 2021. Operating income is projected
to remain the same as the results of improvements in the sales mix and reductions in the cost and loss.

*The above forecasts are projections utilizing judgments based on information currently obtainable, and include
various uncertain factors. Actual values for business results may differ from forecast figures due to various future factors.

3

2. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - tradeFinished goods
Work in process
Raw materials and supplies
Short-term loans receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Software
Software in progress
Right to use facilities
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term prepaid expenses
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of September 30, 2021

1,444
14,457
2,491
5,304
1,244
12,5791,271(13)38,7801,293
17,671
2,829
6,092
1,444
9,433
456
(13)
39,207

7,610
3,357
355
3,799
606
15,728

7,512
3,168
409
3,799
1,074
15,964

138
95
5
158

134
655
152922
11986
566
(193)
2,293
18,181
56,961933
61,160566
(187)
2,479
18,59657,804

(Millions of yen)
As of March 31, 2021
Liabilities
Current liabilities
Notes and accounts payable - trade
Accounts payable - otherAccrued expenses
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Asset retirement obligations
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earningsTreasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

5

As of September 30, 2021

3,757
928
1,469
541
979
7,676

4,070
800
1,334
560
1,208
7,975

900
1,301
70
1
109
2,383
10,060

900
1,407
70
191
2,471
10,446

6,676
4,516
37,717(2,458)46,452

6,676
4,516
38,495(2,458)47,230

212
414
(62)
(114)
449
46,901
56,961

218
57
(66)
(82)
127
47,35757,804

(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive
IncomeQuarterly Consolidated Statements of Income
Six months ended September 30(Millions of yen)

Net sales
Cost of sales
Gross income
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Subsidy income
OtherTotal non-operating income
Non-operating expenses
Interest expensesForeign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of investment securities
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on abandonment of non-current assets
Total extraordinary losses
Income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
IncomeIncome attributable to owners of parent

6

Six months ended
September 30, 2020
(From April 1, 2020 toSeptember 30, 2020)
27,386
20,582
6,804
4,792
2,011

Six months endedSeptember 30, 2021
(From April 1, 2021 toSeptember 30, 2021)
29,604
23,104
6,499
4,795
1,704

61082752

91054
29
29
133

321
6
31
2,032

2
47
1,830

0
0

3
3

8
8
2,024
635(70)
564
1,460
1,460

10
10
1,824
524(35)
489
1,334
1,334

Quarterly Consolidated Statements of Comprehensive Income
Six months ended September 30(Millions of yen)

IncomeOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustmentRemeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent

7

Six months ended
September 30, 2020
(From April 1, 2020 to
September 30, 2020)
1,460

Six months ended
September 30, 2021
(From April 1, 2021 toSeptember 30, 2021)
1,334

(14)
523
(3)
43548
2,008

6(356)(3)
32(321)
1,012

2,008

1,012

(3) Quarterly Consolidated Statements of Cash Flows(Millions of yen)Six months ended
September 30, 2020
(From April 1, 2020 to
September 30, 2020)
Cash flows from operating activities
Income before income taxes
Depreciation
Increase (decrease) in retirement benefit liability
Decrease (increase) in retirement benefit asset
Increase (decrease) in provision for environmental measures
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Loss (gain) on sale and valuation of investment securities
Subsidy income
Interest expenses
Loss (gain) on sale of non-current assets
Loss on abandonment of non-current assets
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in other assets
Increase (decrease) in trade payables
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued expenses
Increase (decrease) in accrued consumption taxes
Increase (decrease) in other liabilities
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Subsidies received
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of investment securities
Proceeds from sale of investment securities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Net decrease (increase) in short-term loans receivable
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Dividends paid
Purchase of treasury shares
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

8Six months ended
September 30, 2021
(From April 1, 2021 toSeptember 30, 2021)
2,024
825
119
3(1)
(16)
(0)
(8)
3
11
1,173(652)
(120)
(244)
148(133)
(264)
291
3,159
14(3)
(754)
28
2,444

1,824
930
152
(5)
(5)
(20)
(29)
2(3)
13(3,189)(1,313)
244
350
75
(135)
15
281
(812)
15(2)
(508)
29(1,279)(1)
1(830)(8)(1,052)(99)(1,991)(0)(1,301)
3(20)
3,146
(106)
1,721(556)
(0)
(556)
9(93)
1,462
1,369(556)(0)(556)(37)
(151)
1,444
1,293