(TRANSLATION FOR REFERENCE ONLY)FOR IMMEDIATE RELEASE
July 25, 2024
Consolidated Financial Results for the First Quarter Ended June 30, 2024
(April 1, 2024 to June 30, 2024)
FDK CORPORATION
Listing Code No. 6955 (Listing Stock Exchange: Standard of Tokyo Stock Exchange)
Address : Shibaura Crystal Shinagawa, 1-6-41 Konan, Minato-ku, Tokyo 108-8212 Japan
Contact : Corporate Business Planning OfficeE-mail: prir-tyo@fdk.co.jp
The Consolidated Financial Results is unaudited/U.S. GAAP is not applied

1. Consolidated Results for the Three-Months Period Ended June 30, 2024
a. Consolidated Statements of Income
Yen(millions)Three months
Three months
ended June 30,
ended June 30,
2023
2024
14,86015,793
Net Sales△ 135
218
Operating Profit (Loss)
48
132
Ordinary Profit△ 114
8Profit (Loss) attributable toowners of parent

Amounts Per Share of Common Stock:
Basic Earnings
Diluted Earnings△ 3.32 yen- yen

0.23 yen- yen(URL: https://www.fdk.com)

Change (%)
6.3
174.7
-

Yen
(millions)
FY2023,
ended Mar. 31,
2024
62,676568
720
120

3.50 yen- yen

b. Net Sales by Business Segment

Batteries
Electronic Devices
TotalYen(millions)Three months
ended June 30,
2023
10,444
4,415
14,860Yen(millions)Three months
ended June 30,
2024
12,1183,675
15,793c. Consolidated Financial Position

Total Assets
Net Assets
Owners' Equity
Capital Adequacy Ratio

Yen(millions)
As of March 31,
As of June 30,
2024
2024
51,556
51,60015,645
16,427
15,543
16,32730.1 %
31.6 %

Yen(millions)
FY2023,
ended Mar. 31,
2024
47,72914,94762,676

(TRANSLATION FOR REFERENCE ONLY)
d. Consolidated Statements of Cash Flows

Cash Flows fromOperating Activities
Cash Flows from
Investing Activities
Cash Flows from
Financing Activities
Cash and Cash Equivalents
at End of PeriodYen(millions)Three months
Three months
ended June 30,ended June 30,2023
2024
21839
△ 696

△ 9781,131

216

3,178

3,986

(Notes for the Consolidated Operating Results (from 1.a to 1.d)
1. All amounts less than one million yen have been disregarded.
2. The percentage in this statement presents rate of change compared with the same period last year.

2. Consolidated Forecast for the year ending March 31, 2025
(Million of yen, except per share data)

Net Sales
Operating Profit
Ordinary Profit
Profit attributable to owners of parent
Basic Earnings Per ShareFY2024
Change from FY2023
63,0000.5 %1,00075.9 %
800
11.1 %
200
65.7 %
5.80 yen- yen

FY202362,676568
720
120
3.50 yen(Note for the use of the above forecasted business results)
The financial forecast described above is based upon information available as of April 24, 2024.

3. Others(1) Significant changes in the scope of consolidation during the period: No(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: No(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
2) Changes in accounting policies due to other reasons: No
3) Changes in accounting estimates: No4) Restatement: No(4) Number of issued shares (common shares)
1) Total number of issued shares at the end of period. (including treasury shares)June 30, 2024: 34,536,302 shares
March 31, 2024: 34,536,302 shares2) Number of treasury shares at the end of period
June 30, 2024: 30,915 shares
March 31, 2024: 30,665 shares
3) Average number of shares outstanding during the period. (cumulative from the beginning of the fiscal year)
June 30, 2024: 34,505,496 shares
June 30, 2023: 34,506,041 shares(Notes)1. This information is a summary of the earnings report. It does not contain all details included in the earnings reportdisclosed in Japanease.

Consolidated Balance Sheet
Millions of yenAssets
Current assets
Cash and deposits
Notes and accounts receivable-trade
Contract assets
Electronically recorded monetary claims
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, netTools, furniture and fixtures, net
Land
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
OtherTotal investments and other assets
Total non-current assets
Total assets
LiabilitiesCurrent liabilities
Notes and accounts payable-trade
Electronically recorded obligations - operating
Short-term borrowings
Lease liabilities
Accounts payable - other
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Lease liabilities
Deferred tax liabilities
Retirement benefit liability
Long-term accounts payable - other
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
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

FY2023

FY2024

Mar 31, 2024

Jun 30, 2024
3,715
16,149
1,302
1,719
2,858
3,430
5,595
1,866
△ 44
36,593

3,986
16,946
1,336
826
3,331
3,497
5,551
1,084
△ 45
36,515

5,835
4,721
1,012
2,193
72323
14,158
374

5,738
4,727
983
2,199
61543
14,253367234
4515042914,962

229
69
164
463
15,08451,556

51,60010,876
4,323
14,475
40
1,610
366
2,527
34,21910,5904,532
14,712
29
1,920
238
1,628
33,651

40
412
715
156
365
1,691
35,911

39
366
605
145
362
1,521
35,172

31,70926,225△ 44,993△ 51
12,88931,70926,225△ 44,985△ 51
12,897

59
2,758
△ 164
2,653
102
15,645

54
3,474
△ 98
3,430
99
16,42751,556

51,600Consolidated Statement of Income
Millions of yen
FY2023

FY2024

Apr'23-Jun'23

Apr'24-Jun'24

Net sales

14,86015,793

Cost of sales

12,72813,087Gross profit

2,131

2,705

Selling, general and administrative expenses

2,267

2,486

Operating profit (loss)

△ 135

218

Interest income

1420

Dividend income

2021

Foreign exchange gains

Non-operating income

156-

Gain on sale of non-current assets

3-

Rental income

94

Other

1120

Total non-operating income

215

67

Non-operating expenses
Interest expenses

2636

Foreign exchange losses-108

Loss on retirement of non-current assets

22

Other

35

Total non-operating expenses

32153

48

132

Impairment losses

2680

Ordinary profitExtraordinary losses
Total extraordinary losses

2680

Profit before income taxes

2151

Income taxes-current

150108

Income taxes-deferred△ 14△ 66

Total income taxes

136

42△ 1149△01△ 114

8Profit (Loss)
Profit (Loss) attributable to non-controlling interests
Profit (Loss) attributable to owners of parent

Consolidated Statement of Comprehensive Income
Millions of yen
FY2023

FY2024

Apr'23-Jun'23

Apr'24-Jun'24

△ 114

97

△4Foreign currency translation adjustment

557712Remeasurements of defined benefit plans, net of tax

8765

Profit (Loss)
Other comprehensive income
Valuation difference on available-for-sale securities

Total other comprehensive income

653

772

538

782

Comprehensive income attributable to owners of parent538

784

Comprehensive income attributable to non-controlling interests△0△2Comprehensive income（Comprehensive income attributable to）

Consolidated Statement of Cash Flows
Millions of yen
FY2023

FY2024

Apr'23-Jun'23

Apr'24-Jun'24

Cash flows from operating activities
Profit before income taxes

2151

Depreciation

593

576

Impairment losses

2680

△ 95

△ 109

Increase (decrease) in retirement benefit liability0△1△ 35△ 42Interest expenses

2636

Foreign exchange losses (gains)△2△1

Loss (gain) on sale of property, plant and equipment△30Increase (decrease) in allowance for doubtful accounts
Interest and dividend income

Loss on retirement of non-current assets

22Decrease (increase) in trade receivables△ 1,002597

△ 276

△ 297

Decrease (increase) in inventories

82

△ 469

Increase (decrease) in accrued expenses

△ 825

△ 502

Other, net

1,788

1,033

Subtotal

299956

Interest and dividends received

3542

Interest paid△ 25△ 37

Income taxes paid

△ 288

△ 12221839

△ 702

△ 961

60

Purchase of intangible assets△3△9Purchase of investment securities△1△1Payments for transfer of business

5△6△ 696△ 9781,150230

Increase (decrease) in trade payables

Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment

Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Purchase of treasury shares△0△0Repayments of finance lease liabilities△ 18△ 13Net cash provided by (used in) financing activities

1,131

216

Effect of exchange rate change on cash and cash equivalents

150194

Net increase (decrease) in cash and cash equivalents

607

271

Cash and cash equivalents at beginning of period

2,571

3,715

Cash and cash equivalents at end of period

3,178

3,986

Consolidated Business Segment Information
Millions of yen
FY2023 Apr'23-Jun'23
Business Segments Reported
ElectronicBatteries
Materials

TotalAdjustments

ConsolidatedStatements

Net sales
Japan

5,372

3,641

9,013-

9,013

Asia

1,446

762

2,209-

2,209

Americas1,247-

1,247-

1,247

Europe2,364

112,375-

2,375

Other13-13-

13

10,444

4,415

14,860-14,860

-

-

--

-

10,444

4,415

14,860-14,860

-

-

-

-

-

Total

10,444

4,415

14,860-14,860

Segment profit (loss)

△ 356

221

△ 135-△ 135

Adjustments

Consolidated
Statements

Revenue from contracts with customers
Other revenue
Unaffiliated customers
Intersegment

FY2024 Apr'24-Jun'24
Business Segments Reported
ElectronicBatteries
Materials

Total

Net sales
Japan

5,801

2,883

8,685

-

8,685

Asia

2,235

791

3,026-

3,026

Americas

1,065

-

1,065

-

1,065

Europe2,898-

2,898

-

2,898

Other117

-

117

-

117

12,1183,675

15,793-

15,793

-

-

-

-

-

12,1183,675

15,793-

15,793

-

--

-

-

12,1183,675

15,793-

15,793

151

66

218

-218

Revenue from contracts with customers
Other revenue
Unaffiliated customers
Intersegment
Total
Segment profit