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, 2023
[Japanese GAAP] (Consolidated)
October 31, 2023
Company name: Tatsuta Electric Wire & Cable Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Stock Code: 5809
URL: https://www.tatsuta.comRepresentative: Hiroya Yamada, President and Representative Director
Contact: Masafumi Imai, Director, Senior Executive Officer
Phone: +81-6-6721-3011
Scheduled date of filing Quarterly Report: November 13, 2023
Scheduled date of commencing dividend payments: —Availability of supplementary briefing material on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Not scheduled(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2023 (From April 1, 2023 to
September 30, 2023)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous corresponding period.)
Net sales
Six months ended
September 30, 2023
Six months ended
September 30, 2022

Operating income

Million yen%

31,28130,409Million yen

Ordinary income%

Million yen

2.9

1,179 32.1

1,290

2.7

892 (47.6)

Income attributable toowners of parent%
Million yen%

20.1

967 10.9

1,074 (41.3)

872 (34.6)(Note) Comprehensive income: Six months ended September 30, 2023: 1,188 million yen [136.1%]Six months ended September 30, 2022: 503 million yen [(50.3)%]
Yen

Diluted earnings pershare
Yen

15.66

‒

14.12

‒

Total assets
Million yenNet assets
Million yen

59,59758,457

Income per share
Six months ended
September 30, 2023
Six months ended
September 30, 2022

(2) Consolidated Financial Position

As ofSeptember 30, 2023
As ofMarch 31, 2023%

Net assets per share
Yen

49,07082.3

794.2847,88281.9

775.04(Reference) Equity: As of September 30, 2023: 49,070 million yen
As of March 31, 2023: 47,882 million yen

Equity ratio

2. Dividends
Annual dividends
1st quarter-end
Yen

2nd quarter-end
Yen

3rd quarter-end
Yen

‒

9.00

‒

0.00

Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024
Fiscal year ending
March 31, 2024
(Forecast)Year-endTotal
Yen

Yen

‒

0.00

9.00

‒‒

‒

(Note) Revisions from the most recently announced dividends forecast: No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (From April 1, 2023 toMarch 31, 2024)
As announced in the Notice on Position Statement concerning Planned Commencement of a Tender Offer by JX
Metals Corporation, a Wholly-owned Subsidiary of ENEOS Holdings, Inc., for Shares of the Company released onDecember 21, 2022, the Company’s stock is planned to be delisted. A consolidated financial results forecast for thefiscal year ending March 31, 2024 is therefore not presented.

Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting
in changes 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: No
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, 2023
70,156,394 shares
As of March 31, 2023
70,156,394 shares2) Total number of treasury shares at the end of the period:
As of September 30, 2023
8,376,359 shares
As of March 31, 2023
8,376,022 shares
3) Average number of shares during the period (cumulative quarterly period):
Six months ended September 30,61,780,255 shares2023
Six months ended September 30,61,781,235 shares
2022* These quarterly consolidated financial results are outside the scope of quarterly review by a certified public
accountant or an audit corporation.
* Explanation of the proper use of financial results forecast and other notesAs announced in the Notice on Position Statement concerning Planned Commencement of a Tender Offer by
JX Metals Corporation, a Wholly-owned Subsidiary of ENEOS Holdings, Inc., for Shares of the Company
released on December 21, 2022, the Company’s stock is planned to be delisted. A consolidated financial results
forecast for the fiscal year ending March 31, 2024 is therefore not presented.
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, 2023, the legal status of COVID-19 was downgraded to “Class 5,”
economic activities moved toward normal, and the Japanese economy continued moderate recovery in corporate
earnings, capital investment, production, personal consumption, etc. The world economy is also improving as the impactof COVID-19 decreases although the economy in some regions is weak. However, the outlook remains uncertain due
to volatility in the financial and capital markets and rising prices amid ongoing global monetary tightening, resource
and raw material prices fluctuating at high levels, the effects of the prolonged Russia-Ukraine crisis, etc.
The average domestic quotation price for copper, the main raw material used for the Company’s products, for the six
months ended September 30, 2023 was on levels a little higher than for the same period of the previous fiscal year.
In the meantime, domestic demand for copper electric wires was on levels a little higher than for the same period of
the previous fiscal year, while in the industrial equipment wire business, a slowdown in demand from some users wasseen. Sales of smartphones, the main application of functional films, remained weak in terms of volumes due to a global
price increase, an economic downturn mainly in China, the prolonged replacement cycles of smartphones, etc. anddemand for materials was also affected by that.
In this environment, net sales for the six months ended September 30, 2023 amounted to 31,281 million yen (up 2.9%year on year). Operating income was 1,179 million yen (up 32.1% year on year), ordinary income was 1,290 millionyen (up 20.1% year on year), and income attributable to owners of parent was 967 million yen (up 10.9% year on year).
The Company is listed on the Tokyo Stock Exchange, Inc. as of the day of submission of the financial results for thesecond quarter period under review. As announced in the Notice on Position Statement concerning Planned
Commencement of a Tender Offer by JX Metals Corporation, a Wholly-owned Subsidiary of ENEOS Holdings, Inc.
for Shares of the Company released on December 21, 2022, JX Metals Corporation (changed the trade name from JX
Nippon Mining & Metals Corporation on June 28, 2023) plans to commence the tender offer for shares of the Company
as soon as the prospect for clearance of competition laws of relevant countries becomes probable.
As announced in the (Progress of Disclosed Matters) Notice Regarding Progress of Implementation of Tender Offer
for Shares of TATSUTA Electric Wire and Cable Co., Ltd. by JX Metals Corporation, a Wholly-owned Subsidiary ofENEOS Holdings, Inc. released on September 26, 2023, the procedures required under Chinese competition law andrelated measures are not yet complete. Therefore, JX Metals Corporation expects to commence the Tender Offer in orafter December 2023.
Through the tender offer and subsequent series of procedures, the Company is planned to become a wholly-owned
subsidiary of JX Metals Corporation, and the Company’s stock is planned to be delisted.
The Company will develop synergies, including efficient utilization of management resources of both companies;
further enhancement of business competitiveness in the electronic materials area; and enhancement of businessfoundation in the electric wire and cable area, in an effort to increase corporate value.

An overview of the Group’s business performance by segment is as follows:[Electric Wire and Cable Business]
Customers continued conservative buying due to higher copper prices and a slowdown in demand for industrial
equipment wires was seen. However, owing to increased sales of electric wires for infrastructure in electric wires for1use in construction, for electrical power companies, etc. (up 5.2% year on year) as well as selling price revisions
implemented in response to rising raw material prices being progressing, etc., net sales for this segment increased to22,496 million yen (up 7.1% year on year). In addition to the above, owing to efforts to improve product mix, reduce
costs, etc. and the effect of copper price fluctuation, operating income was 755 million yen (as opposed to operating
income of 20 million yen for the same period of the previous fiscal year).

[Electronic Materials Business]
Sales volume of functional films, the Company’s flagship products, decreased (down 12.3% year on year) as theproduction volume of smartphones, the major application of functional films, was on low levels due to the prolonged
replacement cycles of smartphones, etc. As a result, net sales for this segment were 7,592 million yen (down 8.1% yearon year) and operating income was 791 million yen (down 33.6% year on year).

[Other Businesses]
Although sales of medical equipment materials increased owing to sales expansion of new products, etc., demand
was stagnant and various costs increased in each of the sensor and environmental analysis businesses, and as a result,net sales for this segment was 1,207 million yen (up 5.4% year on year) and operating loss was 17 million yen (asopposed to operating income of 46 million yen for the same period of the previous fiscal year).
(2) Overview of financial position
Total assets at the end of the six months ended September 30, 2023 increased by 1,139 million yen from the end of
the previous fiscal year to 59,597 million yen, due to an increase in short-term loans receivable, etc.
Total liabilities decreased by 49 million yen from the end of the previous fiscal year to 10,526 million yen, due to adecrease in accounts payable - other, etc.
Total net assets increased by 1,188 million yen from the end of the previous fiscal year to 49,070 million yen, due tothe recording of income attributable to owners of parent, an increase in valuation difference on available-for-salesecurities, etc.
As a result, the equity ratio increased by 0.4 percentage points from the end of the previous fiscal year to 82.3%.
(3) Overview of cash flows
Cash and cash equivalents (hereinafter referred to as “funds”) at the end of the six months ended September 30, 2023,
amounted to 1,657 million yen, an increase of 410 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 provided by operating activities amounted to 2,722 million yen, an increase in cash inflow of 584 million
yen from a net cash inflow of 2,138 million yen in the same period of the previous fiscal year, with cash inflow factors
such as income before income taxes of 1,293 million yen, the posting of depreciation of 882 million yen, and a decreasein trade receivables of 664 million yen, partially offset by cash outflow factors such as a decrease in accrued
consumption taxes of 173 million yen.

2

(Cash flows from investing activities)
Net cash used in investing activities amounted to 2,293 million yen, a decrease in cash inflow of 833 million yen
from a net cash outflow of 1,459 million yen in the same period of the previous fiscal year, due primarily to purchaseof property, plant and equipment of 1,175 million yen and a net increase in short-term loans receivable of 1,151 million
yen.

(Cash flows from financing activities)
Net cash used in financing activities amounted to 0 million yen due to purchase of treasury shares, an increase in net
cash inflow of 555 million yen from the same period of the previous fiscal year.

(4) Overview of forward-looking information such as consolidated financial results forecasts
As announced in the Notice on Position Statement concerning Planned Commencement of a Tender Offer by JXMetals Corporation, a Wholly-owned Subsidiary of ENEOS Holdings, Inc., for Shares of the Company released on
December 21, 2022, the Company’s stock is planned to be delisted. A consolidated financial results forecast for thefiscal year ending March 31, 2024 is therefore not presented.

32. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - tradeFinished goods
Work in process
Raw materials and supplies
Short-term loans receivable
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netMachinery, equipment and vehicles, netTools, furniture and fixtures, netLand
Construction 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
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of September 30, 2023

1,246
20,9733,852
6,653
1,8224,611
613(12)
39,761

1,657
20,331
3,904
6,594
1,641
5,762
744
(12)
40,625

8,508
3,032
371
3,721
295
15,929

8,320
2,816
361
3,721
765
15,985

136
15
4
1
157

119
24
4
1149

1,067
0
1,190
521
(169)
2,609
18,69658,457

1,224
59
1,202
512
(161)
2,836
18,97259,597

(Millions of yen)
As of March 31, 2023
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 earnings
Treasury 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, 2023

4,279
1,243
1,381
87
939
7,931

4,195
893
1,421
477
820
7,807

900
1,572
42
1
127
2,644
10,575

900
1,660
37
11
109
2,718
10,526

6,676
4,516
38,792(2,459)47,525

6,676
4,516
39,759(2,459)48,493249
131(55)31356
47,88258,457

366
218
(41)
34
577
49,07059,597

(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
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Compensation for forced relocation
Gain on sale of investment securities
Gain on sale of golf club membership
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on abandonment of non-current assets
TOB related expenses
Total extraordinary losses
Income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
IncomeIncome attributable to owners of parent

Six months ended
September 30, 2022
(From April 1, 2022 toSeptember 30, 2022)
30,40924,694
5,714
4,822
892

Six months ended
September 30, 2023
(From April 1, 2023 to
September 30, 2023)
31,281
25,312
5,968
4,789
1,179

8
12142
26
191

2
1277
25
117

3
5
9
1,074

4
1
6
1,290

101
0‒
230
226

‒
0102

0
20
‒
201,156
342
(58)
284
872
872

6

‒
419
24
1,293
421
(95)
326
967
967

Quarterly Consolidated Statements of Comprehensive Income
Six months ended September 30(Millions of yen)Six months ended
September 30, 2022
(From April 1, 2022 toSeptember 30, 2022)
872

IncomeOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent967503

11687142
221
1,188

503

1,188

16(430)359(368)7

Six months ended
September 30, 2023
(From April 1, 2023 to
September 30, 2023)

(3) Quarterly Consolidated Statements of Cash Flows(Millions of yen)Six months ended
September 30, 2022
(From April 1, 2022 toSeptember 30, 2022)
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 allowance for doubtful accounts
Interest and dividend income
Loss (gain) on sale and valuation of investment securities
Subsidy income
Insurance claim income
Compensation for forced relocation
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
Proceeds from compensation for forced relocation
Income taxes paid
Subsidies received
Proceeds from insurance income
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

1,156
965
70
(7)
(6)
(21)
(0)
(0)
(5)
(101)
3
0
20(195)
(113)

1,293
882
95

(3)
109
(404)
0
5
2,138

(7)
(8)
(14)
(23)
‒(0)
‒4(2)
4664202(116)(80)
69
39(173)
(70)
2,757
14(4)
‒(45)
‒
0
2,722

(51)
5(1,217)
1(25)
(180)
8(1,459)(1)38(1,175)5(18)(1,151)8(2,293)

(556)
(0)
(556)
(63)
59
1,389
1,448

‒
(0)
(0)
(18)
410
1,246
1,657

310
265
272
1234(241)

2,418
128

Six months ended
September 30, 2023
(From April 1, 2023 to
September 30, 2023)