FOR IMMEDIATE RELEASE
July 29, 2015
Consolidated Financial Results for the First Quarter Ended June 30, 2015
(April 1, 2015 to June 30, 2015)
FDK CORPORATION
Listing Code No. 6955 (Listing Stock Exchange: The Second Section of Tokyo Stock Exchange)
Address : Shinagawa Crystal Square Bldg., 1-6-41 Konan, Minato-ku, Tokyo 108-8212 Japan
Contact : Corporate Communication Office, General Affairs Dept.
E-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, 2015a. Consolidated Statements of Income
Yen(millions)Three months
Three months
ended June 30,
ended June 30,
2014
2015
Net Sales
16,614
19,355
Operating Income
24390
Ordinary Income (Loss)
(127)
452
Profit attributable to owners
23441
of parent

Amounts Per Share of Common Stock:
Basic Earnings
Diluted Earnings

0.08 yen- yen

1.58 yen- yen

Change (%)
16.5-(URL: http://www.fdk.com)

Yen(millions)
FY2014,
ended Mar. 31,
2015
76,365
2,211
504
961

3.43 yen- yen

U.S.Dollars(millions)Three months
ended June 30,
2015$158.03
$3.18
$3.69
$3.60

1.23 cent- centb. Net Sales by Business Segment

Batteries
Electronic Devices
Total

Yen
(millions)Three months
ended June 30,
2014
10,936
5,678
16,614Yen(millions)Three months
ended June 30,
201512,2207,135
19,355c. Consolidated Financial Position

Total Assets
Total Net Assets
Shareholders' Equity
Shareholders' Equity Ratio

Yen(millions)
As of March 31,
As of June 30,
2015
2015
57,256
58,077
8,578
9,360
7,899
8,673
13.8 %
14.9 %

Yen(millions)
FY2014,
ended Mar. 31,
2015
50,90925,45576,365

U.S.Dollars(millions)Three months
ended June 30
2015$99.77$58.25$158.03

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 Period

Yen(millions)Three months
Three months
ended June 30,
ended June 30,
2014
2015
512
985
(197)

(705)

(125)

(425)

5,157

4,724

(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 122.48 yen=$1
3. The percentage in this statement presents rate of change compared with the same period last year.

2. Consolidated Financial Forecast for the fiscal year 2015 ending March. 31, 2016
(Million of yen, except per share data)
FY2015
Change from FY2014
FY2014
Net Sales (Loss)
80,00076,365
4.8 %Operating Income (Loss)
2,300
2,211
4.0
Ordinary Income
1,400
504
177.6 %
Profit attributable to owners of parent
1,000
961
4.0 %
Net Income per Share
3.57 yen
3.43 yen
Note for the use of the above forecasted business results.
The financial forecast described above is based upon information available as of April 28, 2015.
3. Others(1) Changes in material subsidiaries during the period: No
Consolidated Subsidiaries
14 companies
Unconsolidated Subsidiaries (equity method applied)
3 companies
Affiliates (equity method applied only)
2 companies(2) Adoption of accounting procedures specific to the preparation of quarterly consolidated financial statements: No(3) Changes in accounting policies, changes in accounting estimates, and restatements
1) Changes in accounting policies due to the amendment of accounting standards: Yes
2) Other changes in accounting policies: No
3) Changes in accounting estimates: No4) Restatement: No(4) Number of shares outstanding (common stock)1) Number of shares outstanding at the end of periods.
June 30, 2015: 280,363,026 shares
March 31, 2015: 280,363,026 shares
2) Number of treasury shares at the end of each period
June 30, 2015: 254,123 shares
March 31, 2015: 250,566 shares3) Weighted average number of shares outstanding in each period.
June 30, 2015: 280,110,692 shares June 30, 2014: 280,120,546 shares

Consolidated Balance Sheets
Millions of yen
FY2014Mar. 31, 2015
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
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
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Net defined benefit asset
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
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 stock
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 Interest
Total net assets
Total liabilities and net assets

1Q/FY2015
June 30, 2015

4,758
20,993
3,307
2,422
1,909
188
2,560
(99)
36,0394,724
20,131
4,115
2,483
2,222
210
3,014
(111)
36,791

7,580
4,766
1,019
2,735
1,504
767
18,373
591

7,544
4,637
1,000
2,746
1,478
1,028
18,436
562

194
1
630
85
1,340
(0)
2,251
21,21657,256

302
1
611
76
1,294
(0)
2,286
21,28558,077

14,90017,280
466
2,364
288
3,652
38,951

15,495
16,980
447
3,356
181
2,864
39,325

1,003
214
5,184
3,162
161
9,726
48,678

932
210
5,098
2,977
171
9,391
48,71628,301
22,622(41,910)
(44)
8,969

28,301
22,622(41,468)
(44)
9,410

34
2,521
(3,625)(1,069)678
8,578
57,25640
2,821(3,599)
(736)
687
9,360
58,077

Consolidated Statements of Income
Millions of yen
1Q/FY2014

1Q/FY2015

April 14 - June 14

April 15 - June 15

Net sales

16,614

19,355

Cost of sales

13,90916,053Gross profit

2,705

3,302

Selling, general and administrative expenses

2,680

2,911

24

390

Interest income

85Foreign exchange gains-

106

Amortization of negative goodwill

189-

Rent income

49

21

-

2

Other

36

33

Total non-operating income

285

169

Interest expenses

31

30

Foreign exchange losses

99-

Share of loss of entities accounted for using equity method

251-

Loss on retirement of non-current assets

7

18

Other

46

59

Total non-operating expenses

437

108

(127)

452

Subsidy income

147-

Total extraordinary income

147-

Income before income taxes

19

452

Income taxes-current

34

26

Income taxes-deferred

(33)

(22)

Total income taxes

03Profit18

448

Profit (loss) attributable to non-controlling interests(4)

6

Profit attributable to owners of parent

23

441

Operating income (loss)
Non-operating income

Share of profit of entities accounted for using equity method

Non-operating expenses

Ordinary income (loss)
Extraordinary income

Consolidated Statements of comprehensive income
Total accumulated other comprehensive income
1Q/FY2014

1Q/FY2015

April 14 - June 14

April 15 - June 15

18

448

6

6

196

282

0

26

Share of other comprehensive income (loss) of associates accounted for using equity method

(16)

19

Other comprehensive income

186

334

Comprehensive income

205

783

Comprehensive income attributable to owners of the parent

188

774

Comprehensive income attributable to non-controlling interests

16

8

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax(Comprehensive income attributable to)Consolidated Statements of Cash Flows
Millions of yen
1Q/FY2014

1Q/FY2015

April 14 - June 14

April 14 - June 15

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

19

452

Depreciation and amortization

679

600

Increase (decrease) in net defined benefit liability

(24)

(85)

Increase (decrease) in allowance for doubtful accounts

39

10Interest and dividends income

(10)

(6)

Interest expenses

31

30

Foreign exchange losses (gains)1(2)

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

251

(2)

Loss (gain) on sales of property, plant and equipment(0)0

Loss on retirement of non-current assets

7

18

Amortization of negative goodwill

(189)

-

Subsidy income

(147)

-

Decrease (increase) in notes and accounts receivable-trade

2,103

1,180

Decrease (increase) in inventories(949)(1,053)41

247

Increase (decrease) in accrued expenses

(758)

(662)

Other, net

(457)

387

Subtotal

638

1,198

Interest and dividends income received

10

6

Proceeds from subsidy income

147-

Interest expenses paid

(31)

(29)

Income taxes paid

(251)

(105)

Net cash provided by (used in) operating activities

512

985

Payments into time deposits--

Proceeds from withdrawal of time deposits--

Purchase of property, plant and equipment

(425)

(718)

Proceeds from sales of property, plant and equipment

226

10

Purchase of intangible assets

(3)

(8)

Purchase of investment securities

(0)

(0)

Purchase of shares of subsidiaries and associates-(0)

Other, net

4

11

(197)

(705)

Net increase (decrease) in short-term loans payable

(10)

(300)

Purchase of treasury stock

(0)

(0)

Proceeds from stock issuance to non- controlling shareholder--

Repayments of finance lease obligations

(114)

(124)

Net cash provided by (used in) financing activities

(125)

(425)

Effect of exchange rate change on cash and cash equivalents

(61)

112

Net increase (decrease) in cash and cash equivalents

127

(33)

Increase (decrease) in notes and accounts payable-trade

Net cash provided by (used in) investing activities

Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities--

Cash and cash equivalents at beginning of period

5,029

4,758

Cash and cash equivalents at end of period

5,157

4,724

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

Consolidated Business Segment Information
Millions of yen
1Q/FY2014 April 14 - June 14
Business Segments Reported
Electronic
Batteries
Materials

Total

Adjustments

Consolidated
Statements

Net sales
Unaffiliated customers
Intersegment
Total
Segment income (loss)

10,936

5,678

16,614-

16,614

-

-

-

-

-

10,936

5,678

16,614-

16,614

124

(100)

24

-

24

Adjustments

Consolidated
Statements

1Q/FY2015 April 15 - June 15
Business Segments Reported
Electronic
Batteries
Materials

Total

Net sales
Unaffiliated customers

12,220Intersegment
Total
Segment income (loss)

7,135
-

19,355--

19,355--

12,2207,135

19,355-

19,355

639

(248)

390

-

390

Business Results(1) Analysis of Consolidated Business Results
1.1 Overview
The business environment of the FDK Group (“FDK”) during the first quarter ended June 30, 2015, the U.S andJapanese economy become a moderately recovering trend due to the recovery of individual consumptions throughthe recovery of the corporate earnings and the improvement of employment, though there were some negative
factors such as instability of the European market and the slowing economic growth in emerging countries.
Under these circumstances, FDK has strived to extend the sales of the FUJITSU alkaline battery series andNi-MH rechargeable battery series, which have been sold from the previous fiscal year in Japan. FDK started tosell these batteries overseas from this April and via the internet. We also strived to sell lithium batteries fordisaster-related goods, security goods, and automotive applications in North American and European markets.
As for FDK’s business results in the first quarter, net sales were 19,355 million yen, increased by 2,741 million
yen (16.5%) from the same period last year. It was achieved by the sales expansion of the above mentioned
lithium batteries, the sales expansion of alkaline and Ni-MH rechargeable batteries in OEM sales overseas, thesteady sales of signal processing modules for LCD displays for vehicle, industrial and tablet use.
With regard to profit and loss, operating income was 390 million yen (it was 24 million yen in the same period
last year), increased by 366 million yen from the same period last year. It was achieved by the facilitation of
corporate strength to be a more profitable structure under the high yen, the benefit of weaker yen and increased
sales in lithium batteries by increased production. Ordinary income was 452 million yen (ordinary loss was 127
million yen in the same period last year). Profit attributable to owners of parent in the first quarter was 441 million
yen, increased by 418 million yen from the same period last year (it was 23 million yen in the same period lastyear).
The divisional sales overview is as follows.
1.2 Battery Business
Sales of alkaline batteries increased from the same period last year, due to has started to expand in global
consumer market from this April a new product that sale in Japan in the previous fiscal year and increased in sales
OEM products in the global market. Sales of Ni-MH batteries increased from the same period last year due to theincrease in sales for global consumer markets, industrial and automotive use. Sales of power storage systems
increased from the same period last year due to the increase for backup use. Sales of lithium batteries went up
from the same period last year, due to the increase in sales for disaster-related goods, security goods, andautomotive applications in North American and European markets.
As a result, sales for the battery business were 12,220 million yen, increased by 1,284 million yen from the same
period last year.
1.3. Electronic Device Business
Sales of coil devices decrease from the same period last year, while the sales for automotive use steadily
increased, their sales for home appliances decreased. Sales of dc-dc converters increased from the same period
last year, due to the steady increase in sales for servers, storages and network devices. Sales of piezoelectric
products decreased from the same period last year, due to the sluggish digital camera market. Sales of signal
processing modules for LCD displays increased from the same period last year, due to the steady increase in sales
for automotive, industrial, and tablet terminals.
As a result, sales for the electronic device business were 7,135 million yen, increased by 1,457 million yen fromthe same period last year.
(2) Analysis of Financial Condition
2.1 Status of Assets, Liabilities and Net Assets
Total assets at the end of first quarter of FY2015 increased by 821 million yen (1.4%) from the end of theprevious fiscal year to 58,077 million yen. Current assets increased by 752 million yen (2.1%) from the end of theprevious fiscal year to 36,791 million yen. Non-current assets increased by 68 million yen (0.3%) from the end of
the previous fiscal year to 21,285 million yen. The principal causes for increased current assets were a 808 million

yen increase in merchandise and finished goods and a 313 million yen increase in raw materials and supplies. The
principal cause for increased non-current assets was a 108 million yen increase in investment securities.
Total liabilities at the end of first quarter of FY2015 increased by 38 million yen (0.1%) from the end of theprevious fiscal year to 48,716 million yen. Current liabilities increased by 373 million yen (1.0%) from the end of
the previous fiscal year to 39,325 million yen. Non-current liabilities decreased by 390 million yen (-3.4%) fromthe end of the previous fiscal year to 9,391 million yen. The principal cause of increased current liabilities was a
992 million yen increase in accounts payable-other and a 595 million yen increase in notes and accounts
payable-trade, though there was a 300 million yen decrease in short-term loans payable. The principal cause fordecreased non-current liabilities was a 185 million yen decrease in long-term accounts payable – other.
The interest-bearing debt decreased by 390 million yen from the end of the previous fiscal year to 18,359 million
yen.
Total net assets at the end of first quarter of FY2015 increased by 782 million yen (9.1%) from the end of theprevious fiscal year to 9,360 million yen. The main factors for the increase in total net assets were a 441 million
yen increase in retained earnings by posting a profit attributable to owners of parent and a 300 million yen increasein foreign currency translation adjustment.
2.2 Cash Flow Condition
Net cash used in operating activities increased by 985 million yen from the beginning of this fiscal year due to anincrease in cash and cash equivalents (“cash”) by posting the decrease in notes and accounts receivable-trade, thedepreciation and amortization and the income before income taxes, though there was a decrease in cash by increase
in inventories and decrease in accrued expenses (Net cash used in operating activities for the last fiscal year
increased by 512 million yen from the beginning of the last fiscal year).
Net cash used in investment activities decreased by 705 million yen from the beginning of this fiscal year by Net
decrease in short-term loans payable, purchasing the property, plant and equipment (Net cash used in investment
activities for the last fiscal year decreased by 197 million yen from the beginning of the last fiscal year).
Net cash used in financing activities decreased by 425 million yen from the beginning of this fiscal year due tothe decrease in short-term loans payable, repayments of finance lease obligations (Net cash used in financing
activities for the last fiscal year decreased by 125 million yen from the beginning of the last fiscal year).
As a result, the balance of cash and cash equivalents on June 30, 2015 was 4,724 million yen, a decrease of 33
million yen from the beginning of this fiscal year.
3. Forecast for the Fiscal Year Ending March 31, 2016
FDK has not changed its business forecast, which was announced on April 28, 2015. We will announce therevision promptly if it will be necessary in the future, by doing our best to collect various information including
market trends.