NEWS RELEASE

October 25, 2019
FDK CORPORATION
President: Ryo Nagano
Code: 6955 Second Section, TOKYO
Contact: Nobuyuki Watanabe
General Manager, Business Promotion Div.
(Tel: +81-3-5715-7400)

Announcement of Career change support program, extraordinary loss andRevised Financial Forecast
FDK CORPORATION (“FDK”) made the resolution in board meeting today to implement career change
support program. And FDK announces extraordinary loss to be counted in the fiscal year ending March 31,
2020 due to the implementation of program and has decided to revise the Company’s financial forecast for thefiscal year ending March 31, 2020 announced on April 26, 2019 due to this extraordinary loss.
Detail is as follows.

1. Implementation of career change support program
FDK Group implemented the measures to proceed structural reform of the business such as the transfer ofpart of the Electronic Device business, the liquidation of consolidated subsidiary, and the transfer of the whole
equity interest in equity method affiliate.
And FDK states the establishment of stabilization and profitable growth of existing business by structuralreform and modification of business as one of the policy in a Mid Term Business Plan “R1” starting fromFY2020 announced today. Under a new management vision that “FDK group, as a Smart Energy Partner,
assemble advanced technologies, would like our customers to best utilize electric energy in a safe and efficientmanner, and contribute to materialisation and development of sustainable society.” FDK has determined toprioritize to strengthen financial structure by streamline of employee to match to the business scale in orderto proceed further efficiency of management resources, improvement of business value of the Electronic
Device business, investment to new business such as next generation batteries. Along this decision, FDK
reduces number of employees by implementation of career change support program and give maximum
assistance and support for employees who wish to change career to realize next career formation by providing
opportunities of new career. The overview of the program is as followings.
(1) Number of candidates sought:
Approximately 250 persons(2) Eligible persons:
Employees of FDK, aged 45 and above (including assigned employees in FDK group and othercompanies)(3) Application period:
December 10, 2019 – December 17, 2019(4) Scheduled date of retirement:
January 31, 2020
(5) Other:- Special retirement allowance will be provided to applicants on top of the normal retirement
allowance.
- Should applicants wish, outplacement service by independent outplacement service company will
be available.
2. Extraordinary loss
Approximately 1,700 million yen extraordinary loss is prospected to be counted in the fiscal year ending
March 31, 2020 in case that number of candidates sought apply for the career change support program.

NEWS RELEASE

3. Revision of financial forecast for FY2019 (from Apr. 1, 2019 to Mar. 31, 2020): consolidated basis(Million yen)
Operating Ordinary
Profit attributable to Net Income PerNet Sales
IncomeIncomeowners of parent
Share
April 26, 2019 (A)65,000800

500-700-23.88October 25, 2019 (B)60,000700

500-2,000-57.96

Difference (B)-(A)-5,000-100

0-1,300

-7.7

-12.5

0.0

-

72,113823

718-290

Rate of difference (%)(Ref.):
Financial Results of-9.91yen

FY2018
4. Reasons for revision
Extraordinary loss is prospected to be counted due to implementation of career change support program.
In addition, the sales is prospected to decrease much more than forecast due to sales decrease of Ni-MHbatteries and Alkaline batteries in Japan and overseas consumer market and decrease of Signal processing
module for large-size LCD and Switching power supply for semiconductor manufacturing equipment and LCD
manufacturing equipment.

(Remarks)
The information indicated above is calculated based on the information which is presently available andmay contain some inaccurate elements. Therefore, the actual results may differ greatly from the forecasts
indicated in this release due to some changes in business conditions.