FOR IMMEDIATE RELEASE
May 14, 2020
Fiscal Year 2019 Consolidated Operating Results(April 1, 2019 to March 31, 2020)
FDK CORPORATION
Listing Code No. 6955 (Listing Stock Exchange: 2nd Section of Tokyo Stock Exchange)
Address: Shibaura Crystal Shinagawa, 1-6-41 Konan, Minato-ku, Tokyo 108-8212 Japan
Contact: Business Promotion Div.
E-mail: prir-tyo@fdk.co.jp
Date of general shareholders' meeting (as planned): June 25, 2020
Annual securities report filing date (as planned): June 25, 2020
The Consolidated Financial Results is unaudited/U.S. GAPP is not applied

1. Consolidated Operating Results for FY2019 ended March 31, 2020a. Consolidated Income statements
Yen(millions)
FY2018FY2019(4/1/18-3/31/19)(4/1/19-3/31/20)
72,11362,123
Net Sales
823
841
Operating Profit
718
565
Ordinary Profit(290)(2,340)
Profit (Loss) attributable to ownerof parent
Amounts Per Share of Common Stock:
Basic Earnings (Loss) per share
Diluted Earnings per share
Rate of Return on Equity
Orginary Profit to Total Assets
Ratio
Operating Profit to Net Sales
Ratio(9.91) yen- yen(4.0) %
1.4 %

(67.82) yen- yen(27.5) %
1.1 %

1.1 %

1.4 %

(URL: http://www.fdk.com)

Change (%)-13.9 %
2.1
-21.3
-

U.S.Dollars(millions)
FY2019(4/1/19-3/31/20)$567.07$7.68$5.16($21.36)(61.91 cent)-b. Consolidated Financial Positions

Total Assets
Net Assets
Owner's Equity
Capital Adequacy Ratio
Net Assets Per ShareYen(millions)
As of Mar. 31,
As of Mar. 31,
2019
2020
54,14547,685
10,280
6,739
10,276
6,734
19.0 %
14.1 %
297.79 yen
195.16 yenc. Consolidated Cash FlowsYen(millions)

Cash Flows fromOperating Activites
Cash Flows from
Investing Activites
Cash Flows from
Financing Activites
Cash and Cash Equivalents
at End of Period

FY2018(4/1/18-3/31/19)
1,602

FY2019(4/1/19-3/31/20)
2,799(1,860)(2,390)

5,282

99

8,734

9,063

Yen
(millions)
FY2018(4/1/18-3/31/19)
47,76324,35072,113Yen(millions)
FY2019(4/1/19-3/31/20)
45,065
17,057
62,123d. Net Sales by Business Segment

Batteries
Electronic Devices
Total(Notes for the Consolidated Operating Results (from 1.a to 1.d))
1. All amounts less than one million yen have been disregarded.
2. U.S. dollar amounts are translated from yen, for convenience only, at the rate of $1=109.55 yen.
3. The percentage in this statement presents rate of change compared with the previous fiscal year.

U.S.Dollars(millions)
FY2019(4/1/19-3/31/20)$411.36$155.70$567.07

2. Consolidated Forecast for the year ending March 31, 2021
Consolidated forecast for the year ending March 31, 2021 is yet to be determined.
3. Others(1) Material changes in significant subsidiaries during the period: Yes.
Consolidated Subsidiaries
12 companies
Unconsolidated Subsidiaries (equity method applied)
3 companies
Affiliates (equity method applied only)
0 companies(2) Changes in accounting policies, changes in accounting estimates, and retrospective restatements
1) Changes in accounting policies based on revisions of accounting standards: Yes
2) Changes in accounting policies other than ones based on revisions of accounting standard: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Number of issued and outstanding shares (common stock)1) Number of issued and outstanding shares at the end of fiscal year. (including treasury stock)
March 31, 2020: 34,536,302 shares
March 31, 2019: 34,536,302 shares
2) Number of treasury stock at the end of fiscal year
March 31, 2020: 28,537 shares
March 31, 2019: 27,765 shares
3) Average number of shares
March 31, 2020: 34,508,154 shares
March 31, 2019: 29,309,351 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 yen

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
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, net
Tools, furniture and fixtures, net
Land
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded obligations - operating
Short-term loans payable
Lease obligations
Accounts payable-other
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Lease obligations
Deferred tax liabilities
Net defined benefit liability
Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
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

FY2018FY2019Mar 31, 2019

Mar 31, 2020

8,734
18,476
2,790
3,067
3,035
1,082
(101)
37,085

9,063
15,347
2,569
2,302
2,905
1,163
(26)
33,326

6,146
4,526
984
2,540
1,341
263
15,803
481

5,735
4,135
697
2,531
203
91
13,395
466

193
2
65
513
(0)
775
17,059

165
1
26
305
(0)
498
14,35954,14547,685

13,740351
18,400
344
1,894
326
2,816
37,8759,044
3,561
18,800
184
1,479
292
2,733
36,095

469
198
4,263
675
382
5,989
43,864

198
197
3,884
187
384
4,850
40,94631,70926,376(45,829)(48)
12,20731,70926,376(48,176)
(48)
9,860

27
806
(2,765)(1,931)
4
10,2804(110)(3,021)(3,126)5
6,739

54,14547,685

Consolidated Statement of Income
Millions of yen
FY2018FY2019Apr'18-Mar'19

Apr'19-Mar'20

Net sales

72,11362,123

Cost of sales

60,31750,976Gross profit

11,795

11,146

Selling, general and administrative expenses

10,971

10,305823

841Interest income

2428

Foreign exchange gains

324

69

Gain on sales of non-current assets

21

3

Rent income

34

28

Other

189

95

Total non-operating income

594

225

Interest expenses

151

136

Share of loss of entities accounted for using equity method

60

15

Loss on sales of non-current assets

118-

Loss on retirement of non-current assets

189

284

Other

180

65

Total non-operating expenses

700

501

718

565

Gain on sales of investments in capital of subsidiaries and associates-

331

Total extraordinary income-

331

Impairment loss

71

1,317

Business restructuring expenses-

864

Operating profit
Non-operating income

Non-operating expenses

Ordinary profit
Extraordinary income

Extraordinary losses-

745

Loss on liquidation of subsidiaries

621-

Total extraordinary losses

Loss on sales of businesses

692

2,926

Profit (loss) before income taxes

26(2,030)

Income taxes-current

270

256

Income taxes-deferred

45

52

Total income taxes

316

309

Loss

(290)

(2,339)

0

1

(290)

(2,340)

Profit attributable to non-controlling interests
Loss attributable to owners of parent

Consolidated Statement of Comprehensive Income
Millions of yen
FY2018FY2019Apr'18-Mar'19

Apr'19-Mar'20

(290)

Loss

(2,339)Other comprehensive income
Valuation difference on available-for-sale securities

(10)

(22)

Foreign currency translation adjustment

(116)

(497)

Remeasurements of defined benefit plans, net of tax

(385)

(255)

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

(24)

(419)

Other comprehensive income(537)(1,195)(827)(3,534)(828)(3,535)01Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests

Consolidated Statement of Changes in Equity
FY2018 (Apr'18-Mar'19)
Yen (millions)Shareholders' equity

Beginning balance
Cumulative effects of changes inaccounting policies
Restated balance
Changes of items during period
Issuance of new shares - exercise of shareacquisition rights
Loss attributable to owners of parent
Issuance of share acquisition rights
Exercise of share acquisition rights
Purchaes of treasury shares
Net changes of items other thanshareholders' equity
Total changes of items during periodEnding balance

Capital stock

Capital surplus

Retained earnings

Treasury shares

28,301

22,968(45,539)(47)

28,301

22,968(45,539)

3,379

3,379

(47)

3,407
26,376

5,683

Share acquisitionrightsNon-controllinginterests

Net assets

-

4

4,293

-

4

4,293

5,683

38

948

(2,380)(1,393)

6,759

(290)
(45,829)

6,759

(0)

(290)
55
(0)
-

(10)

(141)

(385)

(537)

(0)
(48)

6,524
12,207

(10)
27

(141)
806

(385)
(2,765)(537)(1,931)27

3,407
31,709Total
shareholders'equity

-

(290)
27

Accumulated other comprehensive income
Foreign
Total
Valuation difference
Remeasurement
currency
Accumulated
on available-for-sales of definedtranslationothersecurities
benefit plansadjustment
comprehensive
38
948(2,380)(1,393)

(290)
55
(0)

55
(55)

-

0

(537)

0
4

5,986
10,280Consolidated Statement of Changes in Equity
FY2019 (Apr'19-Mar'20)
Yen (millions)Shareholders' equity

Beginning balance
Cumulative effects of changes inaccounting policies
Restated balance
Changes of items during period
Issuance of new shares - exercise of shareacquisition rights
Loss attributable to owners of parent
Issuance of share acquisition rights
Exercise of share acquisition rights
Purchaes of treasury shares
Net changes of items other thanshareholders' equity
Total changes of items during periodEnding balance

Capital stock

Capital surplus

Retained earnings

Treasury shares

Total
shareholders'equity31,70926,376(45,829)(48)

12,207(5)
31,70926,376-(45,835)

31,709Net assets-

4

10,280-

4

10,274(5)

12,201--(0)(2,340)(0)(2,340)
(0)

-

(22)

(916)

(255)

(1,195)(0)(48)(2,341)
9,860

(22)
4

(916)
(110)

(255)
(3,021)(1,195)(3,126)-(2,340)(48,176)

Non-controllinginterests(48)-

26,376

Share acquisitionrights(5)(2,340)-

Accumulated other comprehensive income
Foreign
Total
Valuation difference
Remeasurement
currency
Accumulated
on available-for-sales of definedtranslationothersecurities
benefit plansadjustment
comprehensive
27
806(2,765)(1,931)27

806(2,765)(1,931)--1(1,193)1
5(3,535)
6,739

Consolidated Statement of Cash Flows
Millions of yen
FY2018FY2019Apr'18-Mar'19

Apr'19-Mar'20

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

26(2,030)Depreciation and amortization

2,136

2,131

71

1,317

(375)

(865)

Impairment loss
Increase (decrease) in net defined benefit liability
Increase (decrease) in allowance for doubtful accounts

(3)

(73)

Interest and dividend income

(37)

(41)

Interest expenses

151

136

Foreign exchange losses (gains)(0)0

Share issuance cost46-

Share of loss (profit) of entities accounted for using equity method

60

15

Loss (gain) on sales of property, plant and equipment

96

(3)

Loss on retirement of non-current assets

189

284

Loss (gain) on sales of businesses-

745

Loss (gain) on sales of investments in capital of subsidiaries and associates

-

(331)

Subsidy income

(25)

-

Loss on liquidation of subsidiaries

621

-

1,820

2,777

Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade

(685)

788

(1,149)(1,178)

Increase (decrease) in accrued expenses

(37)

(208)

Other, net

(929)

(329)

Subtotal

1,974

3,134

Interest and dividend income received

37

41

Proceeds from subsidy income

25

-

(152)

(138)

Interest expenses paid
Income taxes paid

(283)

(238)

Net cash provided by (used in) operating activities

1,602

2,799

(1,922)(1,154)

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment

103

21

Purchase of intangible assets

(40)

(59)

Purchase of investment securities

(4)

(4)

Proceeds from sales of investments in capital of subsidiaries and associates-

7

Payments for transfer of business-(1,205)

Other, net
Net cash provided by (used in) investing activities

3

4(1,860)(2,390)Cash flows from financing activities(1,055)400

Purchase of treasury shares

Net increase (decrease) in short-term loans payable

(0)

(0)

Proceeds from issuance of share acquisition rights

55-

Proceeds from issuance of shares resulting from exercise of shares acquisition rights

6,716

-

Repayments of finance lease obligations

(434)

(300)

Net cash provided by (used in) financing activities

5,282

99

Effect of exchange rate change on cash and cash equivalents

(10)

(178)

Net increase (decrease) in cash and cash equivalents

5,013

328

Cash and cash equivalents at beginning of period

3,720

8,734

Cash and cash equivalents at end of period

8,734

9,063

Consolidated Business Segment Information
Millions of yen
FY2018 Apr'18-Mar'19
Business Segments Reported
Electronic
Materials
Batteries

Net sales
Unaffiliated customers
Intersegment
Total
Segment profit (loss)
Segment assets
Other items
Depreciation
Investment to entities accounted for using equity method
Increase in property, plant and equipment and intangible assets

Total

Adjustments

Consolidated
Statements

47,76347,763
2,041
34,37424,35024,350(1,217)
14,35872,113
72,113823
48,733

5,412

72,113
72,113823
54,145

1,864
1,790

272
111
143

2,136
111
1,934

-

2,136
111
1,934

Adjustments

Consolidated
Statements

62,123

FY2019 Apr'19-Mar'20
Business Segments Reported
Electronic
Materials
Batteries

Total

Net sales
Unaffiliated customers

45,065

17,057

62,123

-

-

-

-

-

-

Total

45,065

17,057

62,123-62,123

Segment profit (loss)
Segment assets
Other items
Depreciation
Investment to entities accounted for using equity method
Increase in property, plant and equipment and intangible assets

1,514
29,943(673)
13,608841
43,552

4,133

841
47,685

1,859
1,181

272
239

2,131
1,421

-

2,131
1,421

Intersegment

Business Results(1) Analysis of Consolidated Business Results
1.1 Overview
The business environment of the FDK Group (“FDK”) during the fiscal year ending March 31, 2020, the economic
trend of Japan was steady from improving employment, while impact of the consumption tax increase was limited
due to the government several measures such as the introduction of reduced tax rates and the redemption of cashless
settlement points in the first half of FY2019. However, throughout the period, uncertain condition remained due tostagnation of demand in the electronic industry to where FDK belongs, domestic oriented national policies andcontinuation of trade friction such as U.S. and China, and unstable economic trend of Europe, in addition to stagnation
the supply-chain and economic by the spread of COVID-19.
Under such circumstances, FDK have established our vision, ”FDK group, as a Smart Energy Partner, assemble
advanced technologies, would like our customers to best utilize electric energy in a safe and efficient manner, andcontribute to materialization and development of sustainable society.” and a Mid Term Business Plan “R1” startingfrom FY2020 in order to accomplish ”10 years’ scheme” as FDK’s “Status-to-be-in-10-years”. To achieve them,
FDK positioned FY2019 as “Year 0”, and took several measures such as a transfer of part of the Electronic Device
business, the optimization of personnel under career change support program, and reorganization of the businessportfolio. Besides, FDK has strived to develop next generation batteries such as small all-solid-state SMD battery,metal-hydride air rechargeable battery and rechargeable nickel zinc battery, together with current batteries’ businessexpansion for industrial use. Furthermore FDK released FUJITSU Alkaline Battery “Premium S”, which was
improved for the performance of long life, long storage and leakage prevention, and strived to increase sales volumeof alkaline battery together with Ni-MH battery for consumer market at the peak demand season such as Christmas
and yeas-end sales.
In addition, under the situation where the COVID-19 infection spreads out and the supply chain is disrupted, FDK
worked hard to continue our normal operations such as manufacturing, supply of products to customers while
implementing measures to prevent spread of infection, such as work from home and work staggered hours.
Regarding the business result for this fiscal year, although the sales of Battery business decreased in Japanese andoverseas consumer market due to intensified competition with Chinese companies, it was increased that business
opportunities and orders of Ni-MH batteries for the industrial-use and sales of Lithium batteries for smart meter,
which are positioned as a pillar of growth. Electronic Device business also decreased due to discontinuing
operations of an overseas subsidiary in last fiscal year and transferring part of the Electronic Device business. As aresult, sales was 62,123 million yen, decreased by 9,989 million yen (-13.9%) from the last fiscal year.
With regard to the profit and loss, the Battery business decreased its profit from the same period of last year due tosales decrease of Ni-MH batteries and Alkaline batteries in consumer market in spite of effort for cost reduction. On
the other hand, Electronic Device business decreased its loss from the same period of last year because of the effectby “selection and concentration” such as switching to high value-added products and reduction of fixed expenses.
As a result, the operating profit was 841 million yen, increased by 17 million yen from the last fiscal year. The
ordinary profit was 565 million yen, decreased by 153 million yen from the last fiscal year due to a 284 million yen
of loss on retirement of non-current assets. The loss attributable to owners of parent in this period was 2,340 million
yen (it was 290 million yen loss attributable for owners of parent in the same period last year) due to a 745 million
yen of loss on sales of businesses of part of Electronic Device business, a 331 million yen of gain on sales ofinvestments in capital of subsidiaries and associates on the transfer of the whole equity interest in equity method
affiliate, a 864 million yen of career change support program and a 1,317 million yen of impairment loss for fixed
assets of subsidiaries.
The divisional sales overview is as follows.
1.2 Battery Business
Sales of Battery business totally decreased from the last fiscal year due to decrease of sales in the consumer market,
though sales in industrial market and equipment business was steady.
Sales of Ni-MH batteries was same level as the last fiscal year, since decrease in Japanese and overseas consumer
market was converted by increase of business opportunities and orders for the industrial-use. Sales of Alkaline
batteries decreased from the last fiscal year. In spite of steady sales for industrial-use and effort to contribute to society

by responding to demand for natural disaster, Japanese and overseas consumer market decreased. Sales of Lithium
batteries increased from the last fiscal year, due to sales for security and smart meters in Japan and overseas wassteady, while sales for smoke detectors in Japan decreased. Equipment business was same level as the last fiscal
year due to steady sales of component assembly equipment.
As a result, sales for the Battery business was 45,065 million yen, decreased by 2,697 million yen from the last
fiscal year.
1.3 Electric Device business
Sales of Electric Device business decreased from the last fiscal year due to sales decrease by business transfer ofpart of Electronic Device business. In addition to decrease of Signal processing module for LCD by discontinuing
its operations of an overseas subsidiary in last fiscal year, DC-DC power modules and Switching power supply
decreased.
Sales of DC-DC power module decreased from the last fiscal year due to decrease of sales for server and storage
system. Sales of Signal processing modules for LCD decreased from the last fiscal year due to sales for industrialuse and above. Sales of Switching power supply decreased from the last fiscal year due to decrease of sales forsemiconductor manufacturing equipment and LCD manufacturing equipment. Sales of Toner was same level as
the last fiscal year by stable demand.
As a result, sales for the Electronic Device business was 17,057 million yen, decreased by 7,292 million yen fromthe last fiscal year.
(2) Analysis of Financial Condition
2.1 Status of Assets, Liabilities and Net Assets
Total assets at the end of FY2019 decreased by 6,459 million yen (-11.9%) from the end of the previous fiscal year
to 47,685 million yen. Current assets decreased by 3,759 million yen (-10.1%) from the end of the previous fiscal
year to 33,326 million yen. Non-current assets decreased by 2,700 million yen (-15.8%) from the end of theprevious fiscal year to 14,359 million yen. The principal causes for decreased current assets were a 3,128 million
yen decrease in notes and accounts receivable-trade and a 764 million yen decrease in work in process, though a 328
million yen increase in cash and deposits. The principal causes for decrease non-current assets were a 247 million
yen decrease in property, plant and equipment by posting an impairment loss.
Total liabilities at the end of FY2019 decreased by 2,918 million yen (-6.7%) from the end of the previous fiscal
year to 40,946 million yen. Current liabilities decreased by 1,779 million yen (-4.7%) from the end of the previous
fiscal year to 36,095 million yen. Non-current liabilities decreased by 1,138 million yen (-19.0%) from the end of
the previous fiscal year to 4,850 million yen. The principal cause of decreased current liabilities were a 4,696
million yen decrease in notes and accounts payable-trade and a 415 million yen decrease in accounts payable-other,though a 3,209 million yen increase in electronically recorded obligations - operating and a 400 million yen increasein short-term loans payable. The principal cause of decreased non-current liabilities were a 487 million yen decreasein long-term accounts payable – other and a 379 million yen decrease in net defined benefit liability.
The interest-bearing debt decreased by 31 million yen from the end of the previous fiscal year to 19,182 million
yen.
Total net assets at the end of FY2019 decreased by 3,540 million yen (-34.4%) from the end of the previous fiscal
year to 6,739 million yen. The main factors for the decrease in total net assets were a 2,346 million yen decrease inin capital surplus by posting a loss attributable to owners of parent and a 916 million yen decrease in foreign currencytranslation adjustment
2.2 Cash Flow Condition
Cash flows from operating activities increased by 2,799 million yen from the beginning of this fiscal year due toan increase in cash and cash equivalents (“cash”) by posting a depreciation and amortization, increase in notes andaccounts receivable-trade and decrease in inventories, though was a decrease in cash by posting in loss before income
taxes, increase in notes and accounts payable-trade and increase in net defined benefit liability (Cash flows fromoperating activities for the last fiscal year increased by 1,602 million yen from the beginning of the last fiscal year).
Cash flows from investment activities decreased by 2,390 million yen from the beginning of this fiscal year due toa decrease in cash by posting a payments for transfer of business and a decrease in cash by posting a purchase of

property, plant and equipment (Cash flows from investment activities for the last fiscal year decreased by 1,860
million yen from the beginning of the last fiscal year).
Cash flows from financing activities increased by 99 million yen from the beginning of this fiscal year due to anincrease in cash by posting a net increase in short-term loans payable, though was a decrease in cash by posting a
repayments of finance lease obligations (Cash flows from financing activities for the last fiscal year increased by
5,282 million yen from the beginning of the last fiscal year).
As a result, the balance of cash and cash equivalents on March 31, 2020 was 9,063 million yen, an increase of 328
million yen from the beginning of this fiscal year.
Ref: Changes in cash flow indicators
FY2015FY2016FY2017FY2018Equity ratio (%)
13.0
8.0
8.4
19.0
Market value equity ratio (%)
48.6
71.3
106.4
51.5
Debt to cash flow ratio (%)
3.2
55.8
36.1
12.0
Interest coverage ratio (%)
40.4
2.7
4.6
10.6
1. Equity ratio = Total shareholders' equity / Total assets
2. Market value equity ratio = Market capitalization / Total assets
3. Debt to cash flow ratio = Interest-bearing debt / Net cash used in operating activities
4. Interest coverage ratio = Net cash used in operating activities / Interest expense

FY2019
14.1
34.4
6.9
20.5

3. Forecast for the Fiscal Year Ending March 31, 2021
FDK Group is working on Vision formulated by “FDK Group Strategy Framework 10 years’ scheme, and a firstof Mid Term Business Plan “R1” in order to accomplish ”10 years’ scheme” as FDK’s “Status-to-be-in-10-years”.
In FY2020, which is the first year of Mid Term Business Plan “R1”, FDK Group stabilize the current businesses
and establish growth with profit, and plan and execute various measures to proactively develop new businesses thatwill lead to the next generation. Furthermore, in order to realize “And Game” that satisfies all four our stakeholders,
we establish Self-Disciplined Culture to team up and collaborate for customer satisfaction.
In FY2020, FDK Group will change in fundamentals of current businesses through reformations of its businessstructure that have been done by FY2019, and will proceed speedy with efforts toward the start of mass productionof small all-solid-state SMD battery which will be the centerpiece of next-generation batteries.
As to forecast for the fiscal year ending March 31, 2021, it is yet to be determined as it is difficult to predict due tothe effect of COVID-19 and our worldwide business situation.
FDK will promptly announce it as soon as the revision is necessary upon collecting various information including
market trends.