FOR IMMEDIATE RELEASE
July 26, 2013

Consolidated Financial Results for the First Quarter Ended June 30, 2013
(April 1, 2013 to June 30, 2013)
FDK CORPORATION(URL: http://www.fdk.com)
Listing Code No.6955 (Listing Stock Exchange: The Second Section of Tokyo Stock Exchange)
Address : Hamagomu Bldg. 5-36-11 Shimbashi, Minato-ku, Tokyo 105-8677
Contact : Corporate Communication OfficeE-mail: hirano@fdk.co.jp
The Consolidated Financial Results is unaudited / U.S. GAPP is not applied

1. Consolidated Results for the Three-Months Period Ended June 30, 2013
a. Consolidated Statements of Income
Yen(millions)Three months
Three months
ended June 30,
ended June 30,
Change (%)
2012
2013
Net Sales
16,50918,89414.4 %
Operating Income(loss)
(893)
320
Ordinary Income(loss)
(993)
420
Net Income (loss)
(790)
451
Amounts Per Share of Common Stock:
Basic Earnings
Diluted Earnings(3.64) yen- yen

2.08 yen
1.62 yen-b. Consolidated Financial Position

Total Assets
Total Net Assets
Shareholders' Equity
Shareholders' Equity Ratio
Shareholders' Equity
Per ShareYen(millions)
As of June 30,
As of June 30,
2012201358,720
59,317
8,150
8,225
7,114
7,565
11.1%
12.8%
(15.56) yen(34.64) yen

c. Consolidated Statements of Cash FlowsNet cash used inoperating activities
Net cash used ininvesting activities
Net cash used infinancing activities
Cash and cash equivalents
at end of period

Yen(millions)Three months
Three months
ended June 30,ended June 30,2012
2013
(748)
1,032
(708)

(1,645)

1,379

719

5,624

5,132

Consolidated Subsidiaries
Unconsolidated Subsidiaries (equity method applied)
Affili t (equityAffiliates(it method
th d appliedli d only)l )16 companies
3 companies
2 companies
iU.S.Dollars(millions)Three months
ended June 30
2013$191.56
$3.24
$4.26
$4.57

2.0 cent
1.6 cent

d. Net Sales by Business Segment

Batteries
Electronic Devices
TotalYen(millions)Three months
ended June 30,
2012
10,0906,418
16,509Yen(millions)Three months
ended June 30,
2013
10,852
8,042
18,894

U.S.Dollars(millions)Three months
ended June 30,
2013$110.03$81.54$191.56(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=98.63 yen
3. The percentage in this statement presents rate of change compared with the previous fiscal year.

2. Consolidated Financial Forecast for the year ending March 31, 2014
(Million of yen, except per share data)

Net Sales
Operating Income
Ordinary Income
Net Income
Net Income per ShareFY2013
Change from FY2012 (%)
80,0008.8 %2,200-%
1,900989.2
1,000
120.6 %
4.60 yen-

3. Others(1) Changes in significant subsidiaries during the period: Yes.
E l di 1 company: AExcluding
Asahihi K
Kaseii FDK E
Energy DDevicei CCo., LtdLtd.
(2) Changes in accounting policies, procedures, and presentation, etc.
1) Changes resulting from revisions in accounting principles,etc.: No.
2) Other changes: No.
(3) Number of shares outstanding (common stock)1) Number of shares outstanding at the end of period. (including treasury shares)June 30, 2013: 217,505,884 shares
March 31, 2013: 217,505,884 shares
2) Number of treasury shares at the end of period
June 30, 2013: 234,246 shares
March 31, 2013: 233,228 shares3) Weighted average number of shares outstanding during three months ended June 30 of each year
June 30, 2013: 217,271,917 shares
June 30, 2012: 217,275,837 shares

Consolidated Balance Sheets
Millions of yen
FY2012
Mar 31, 2013
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
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
Lease 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
Ci iiiCurrent
liabilities
Notes and accounts payable-trade
Short-term loans payable
Lease obligations
Accounts payable-other
Income taxes payableProvision for loss on desaster
Other
Total current liabilities
Non-current liabilities
Lease obligations
Deferred tax liabilities
Provision for retirement benefits
Negative goodwill
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets

Q1/FY2013
Jun 30, 2013

5,307
20,704
2,386
2,937
1,677
132
1,669(55)34,761

5,132
20,995
2,841
3,089
1,856
136
1,836(58)35,828

8,038
6,550
884
3,437
1,238
1,226
21,376
778

7,717
5,208
747
3,449
1,402
608
19,134
764

161
1218
1,422
(0)
1,804
23,959

1,928
1
215
1,443
(0)
3,588
23,48858,72059,317

15,565
21,279
363
1,254
243
137
2,569
41,414

15,917
22,122
414
1,302
111
131
2,283
42,284

1,091
3
6,313
1,328
419
9,156
50,5701,188
4
6,110
1,138
364
8,806
51,091

28,301
22,622(43,767)
(42)
7,114

28,301
22,622(43,316)
(42)
7,565

18(609)
(591)
1,628
8,150

21
31
53
606
8,225

58,72059,317

Consolidated Statements of Income
Millions of yen
Q1/FY2012

Q1/FY2013

Apr'12-Jun'12

Apr'13-Jun'13

Net sales

16,50918,894

Cost of sales

14,73015,941Gross profit

1,778

2,953

Selling, general and administrative expenses

2,672

2,633

Operating income (loss)

(893)

320

Non-operating income
Interest income

42

Foreign exchange gains-170

Amortization of negative goodwill

189

189

Rent income

549

Other

22

23

Total non-operating income

222

435

Interest expenses

38

35

Foreign exchange losses

227-

Equity in losses of affiliates

17242

Loss on retirement of non-current assets

88

Non-operating expenses

Other

2849

Total non-operating expenses

321

335

(993)

420

Subsidy income-

83

Total extraordinary income-

83

Ordinary income (loss)
Extraordinary income

Income (loss) before income taxes

(993)

503

Income taxes-current

33

66

Income taxes-deferred

(43)

(9)

Total income taxes

(9)

57

Income (loss) before minority interests

(983)

445

Minority interests in loss

(192)

(5)

Net income (loss)

(790)

451

Consolidated Statements of comprehensive income
Millions of yen

Income (loss) before minority interests

Q1/FY2012

Q1/FY2013

Apr'12-Jun'12

Apr'13-Jun'13

(983)

445

Other comprehensive income(0)4

Foreign currency translation adjustment

(388)

574

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

(47)

68

Valuation difference on available-for-sale securities

(437)

647

(1,420)

1,093

Comprehensive income attributable to owners of the parent(1,225)

1,097

Comprehensive income attributable to minority interests

(195)

(3)

Other comprehensive income
Comprehensive income（Comprehensive income attributable to）

Consolidated Statements of Cash Flows
Millions of yen
Q1/FY2012

Q1/FY2013

Apr'12-Jun'12

Apr'13-Jun'13

Net cash provided by (used in) operating activities
Income (loss) before income taxes

(993)

503

Depreciation and amortization

719

680

Subsidy income-(83)Increase (decrease) in provision for retirement benefits

(125)

(202)

Increase (decrease) in allowance for doubtful accounts(5)0Interest and dividends income(5)(3)

Interest expenses

3835

Foreign exchange losses (gains)

6(6)Equity in (earnings) losses of affiliates

17242

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

(0)

(1)

Loss on retirement of non-current assets

88(189)(189)

Amortization of negative goodwill
Decrease (increase) in notes and accounts receivable-trade

265

469

(1,476)(701)

Increase (decrease) in notes and accounts payable-trade

392

(340)

Increase (decrease) in accrued expenses

179

69

Other, net539

739

Subtotal

(628)

1,219

Decrease (increase) in inventories

Interest and dividends income received

53

Proceeds from subsidy income-83

Interest expenses paid

(38)

(35)

Income taxes paid

(87)

(238)

Net cash provided by (used in) operating activities

(748)

1,032

Net cash provided by (used in) investing activities
Payments into time deposits

(3)

(0)

Proceeds from withdrawal of time deposits

300

10

Purchase of property, plant and equipment

(977)

(838)

Proceeds from sales of property, plant and equipment

492

Purchase of intangible assets

(20)

(21)

Purchase of investment securities

(20)

(0)

-(888)

Purchase of stocks of subsidiaries and affiliates
Other, net
Net cash provided by (used in) investing activities

91(708)(1,645)

Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable

1,454807

Purchase of treasury stock

(0)

(0)

Proceeds from stock issuance to minority shareholders-6

Repayments of finance lease obligations

(75)

(94)

Net cash provided by (used in) financing activities

1,379719Effect of exchange rate change on cash and cash equivalents

(173)

260

Net increase (decrease) in cash and cash equivalents

(251)

367

-(532)Cash and cash equivalents at beginning of period

5,875

5,297

Cash and cash equivalents at end of period

5,624

5,132

Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation

Consolidated Business Segment Information
Millions of yen
Q1/FY2012 Apr'12-Jun'12
Business Segments Reported
Electronic
Batteries
Materials

Adjustments

Consolidated
Statements

16,509-16,509

TotalNet sales
Unaffiliated customersIntersegment

10,0906,418-----

Total

10,0906,418

16,509-16,509Segment income (loss)(1,016)

123(893)-(893)

Adjustments

Consolidated
Statements

Q1/FY2013 Apr'13-Jun'13
Business Segments Reported
ElectronicBatteries
Materials

Total

Net sales
Unaffiliated customers
Intersegment
Total
Segment income

10,852

8,042

18,894-18,894-----

10,852

8,042

18,894-18,894

5314

320

-320

Business Results(1) Analysis of Consolidated Business Results
1.1 Overview
The business environment of the FDK Group (hereinafter called “FDK”) during the first quarter ended June 30, 2013
remained unclear condition due to the anticipation of slowing economy in emerging countries, though there were signs ofbright economic recovery and rising stock prices along with the weaker yen from the expectations for the economic growththrough various policy under the new administration.
Under these circumstances, FDK developed the new midterm business plan, starting from April 1, 2013 (FY2013 to 2015)
and worked on several measures to lower the break-even point. In order to solidify the revenue base of the existing batterybusiness and electronic device business, and maximize to create synergy effects of technologies, FDK made best effort toreduce material costs through the review of materials of all products, to review of commercial distribution, improve
productivity, to reduce fixed costs by the thorough elimination of waste.
As for sales for the first quarter, net sales were 18,894 million yen, increased 2,385 million yen from the same period lastyear. Sales expansion of Ni-MH batteries in global markets and signal processing modules for tablet terminals and large LCDtelevisions contributes the net sales increase.
With regard to profit and loss, operating income was 320 million yen improved 1,213 million yen from the same period lastyear. It can be achieved by the cost cut efforts continued from the last year and the beneficiaries of cheap yen. Ordinary income
was 420 million yen, improved 1,413 million yen from the same period last year. Net income was 451 million yen, improved
1,242 million yen from the same period last year.
Ref: Quarterly Consolidated Financial Results
Net Sales(Million yen)

Sales cost ratio

OperatingOrdinary(%)

IncomeIncomeNet Income

FY2012 1Q

16,50989.2-893-993-790

FY2012 2Q

18,60089.5-733-730-775

FY2012 3Q

18,53084.8351874872

FY2012 4Q

19,907

83.7

748

1,023

1,146

FY2013 1Q

18,894

84.4

320

420

451+2,385-4.8+1,213+1,413+1,242Compared to thesame period lastyear
The divisional sales overview is as follows.

1.2 Battery Business
Sales of alkaline batteries increased from the same period last year as sales for global market were increased, thoughconsumer markets in Japan became very competitive by the circulation of low price imported batteries after the Great East
Japan Earthquakes and downturn in market conditions. Sales of Ni-MH batteries fairly increased from the same period lastyear due to increase in sales for global consumer market and industrial market of Japan. Sales of lithium batteries increased
from the same period last year due to increase in sales for disaster-related goods and security goods.
As a result, sales for the battery business were 10,852 million yen, increased 761 million yen from the same period last year.

1.3. Electronic Device Business
Sales of ferrite cores for coil devices decreased from the same period last year. Although sales for hybrid cars steadily
increased with the development of high performance ferrite at Sanyo Plant, sales for home appliances much decreased. Sales ofceramic parts and toner unchanged from the same period last year by continuously receiving many orders. Sales of dc-dc
converters (voltage converters) increased from the same period last year, steadily sold for servers and storages. Sales of mobilemodules and high frequency devices steadily increased from the same period last year due to the sales expansion forsmartphones. Sales of signal processing modules for LCDs did well especially for tablet terminals and large LCD televisions
and thus they increased from the same period last year.
As a result, sales for the electronic device business were 8,042 million yen, increased 1,623 million yen from the same
period last year.

2. Forecast for the Fiscal Year Ending March 31, 2014
FDK has not changed its business forecast announced on April 26, 2013. We will announce the revision promptly if it will beneeded in the future, by doing our best to collect various information including market trends.