(TRANSLATION FOR REFERENCE ONLY)FOR IMMEDIATE RELEASE
January 30, 2024
Consolidated Financial Results for the Third Quarter Ended December 31, 2023
(April 1, 2023 to December 31, 2023)
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. GAPP is not applied

1. Consolidated Results for the Nine-Months Period Ended December 31, 2023
a. Consolidated Statements of Income
Yen(millions)
Nine months
Nine months
ended Dec. 31,
ended Dec. 31,
2022
2023
46,81445,899Net Sales
820
105
Operating Profit
896
234
Ordinary Profit503△ 52Profit (Loss) attributable toowners of parent

Amounts Per Share of Common Stock:
Basic Earnings
Diluted Earnings

14.60 yen
- yen

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

Change (%)△ 2.0△ 87.1△ 73.8-Yen(millions)
FY2022,
ended Mar. 31,
2023
62,784789
851
318

9.22 yen- yen

b. Net Sales by Business Segment

Batteries
Electronic Devices
TotalYen(millions)
Nine months
ended Dec. 31,
2022
31,004
15,81046,814

Yen(millions)
Nine months
ended Dec. 31,
2023
34,803
11,09645,899c. Consolidated Financial Position

Total Assets
Net Assets
Owners' Equity
Capital Adequacy Ratio

Yen(millions)
As of March 31,
As of Dec. 31,
2023
2023
47,13049,834
13,196
13,936
13,19013,93028.0 %
28.0 %

Yen(millions)
FY2022,
ended Mar. 31,
2023
42,163
20,62062,784

(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 Period

Yen(millions)
Nine months
Nine months
ended Dec. 31,
ended Dec. 31,
2022
2023
2,423
△ 125
△ 1,837△ 1,771

△ 380

2,474

3,040

3,281

(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, 2024
(Million of yen, except per share data)

Net Sales
Operating Profit
Ordinary Profit
Profit attributable to owners of parent
Basic Earnings Per ShareFY2023
Change from FY2022
65,0003.5 %500△ 36.7 %400△ 53.0 %100△ 68.6 %2.90 yen- yen

FY202262,784789
851
318
9.22 yen(Note for the use of the above forecasted business results)
The financial forecast described above is based upon information available as of April 26, 2023.

3. Others(1) Changes in significant subsidiaries during the nine months ended Dec. 31, 2023: No(2) Applying of specific accounting of the consolidated quarterly financial statements: No(3) Changes in accounting policies, accounting estimates, and retrospective restatement
1) Changes in accounting policies based on revisions of accounting standard: No
2) Changes in accounting policies other than ones based on revisions of accounting standard: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Number of issued and outstanding shares (common stock)1) Number of issued and outstanding shares at the end of fiscal year. (including treasury stock)
December 31, 2023: 34,536,302 shares
March 31, 2023: 34,536,302 shares
2) Number of treasury stock at the end of each period
December 31, 2023: 30.549 shares
March 31, 2023: 30,232 shares
3) Average number of shares in each period.
December 31, 2023: 34,505,912 shares
December 31, 2022: 34,506,403 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, and contract assets
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
Other
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 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' equityAccumulated 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

FY2022

FY2023

Mar 31, 2023

Dec 30, 2023
2,571
16,222
2,965
3,118
4,843
2,135
32
31,822

3,281
17,612
3,397
3,034
5,433
1,750
34
34,475

5,496
5,424
1,009
2,184
76
286
14,478
412

5,930
4,923
1,090
2,189
77
311
14,522
377

193
42179
415
15,307

219
34
204
458
15,35947,13049,8349,752
4,656
12,140
63
1,459
499
2,357
30,92810,3084,529
14,670
49
1,932
290
1,475
33,256

20
381
1,984
162
456
3,005
33,933

32
377
1,700
162
369
2,641
35,89831,70926,225
45,11450
12,76931,70926,22545,16651
12,716

34
1,825
1,439
420
6
13,196

49
2,306
1,141
1,213
6
13,936

47,13049,834

Consolidated Statement of Income
Millions of yen
FY2022

FY2023Apr'22-Dec'22

Apr'23-Dec'23

Net sales

46,81445,899

Cost of sales

39,01738,895Gross profit

7,796

7,004

Selling, general and administrative expenses

6,976

6,898

820

105

Interest income

1449

Dividend income

27

23

Subsidy income

37-

Foreign exchange gains

14087

Gain on sale of non-current assets

34

Rental income

1726

Other

50

51

Total non-operating income

291

241

Interest expenses

74

86

Loss on retirement of non-current assets

133

16

79215

112

896

234

9-

Subsidy income

200

128

Total extraordinary income

209

128

Impairment losses

75

79

Total extraordinary losses

75

79

Profit before income taxes

1,030284△337

Operating profit
Non-operating income

Non-operating expenses

OtherTotal non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of shares of subsidiaries and associates

Extraordinary losses

Income taxes-current

328

Income taxes-deferred

197

Total income taxes

526

Profit (loss)

504

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

0503

0△337
△52△052

Consolidated Statement of Comprehensive Income
Millions of yen

Profit (loss)

FY2022

FY2023Apr'22-Dec'22

Apr'23-Dec'2350452Valuation difference on available-for-sale securities

714

Foreign currency translation adjustment

87480

Remeasurements of defined benefit plans, net of tax

209

297

Total other comprehensive income

289

792

793

740

792

74000

Other comprehensive income

Comprehensive income（Comprehensive income attributable to）
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

Consolidated Statement of Cash Flows
Millions of yen
FY2022

FY2023Apr'22-Dec'22

Apr'23-Dec'23

Cash flows from operating activities
Profit before income taxes1,030284

Depreciation

1,707△75△9△305△51,811

Impairment losses
Loss (gain) on sale of shares of subsidiaries and associates
Increase (decrease) in retirement benefit liability
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sale of property, plant and equipment
Loss on retirement of non-current assets
Subsidy income△41△74△22133

Decrease (increase) in inventories

237
△
1,316

Increase (decrease) in trade payables

413

Decrease (increase) in trade receivables

92579△284△0△△△72△86△0416128
934759772△

Other, net

245

1,076

Subtotal

2,693

425

Interest and dividends received

41△237△7572△128△84△
667

Increase (decrease) in accrued expenses

Subsidies received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment

△△473

△

Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of shares of subsidiaries and associates
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities

2,423
1,788△4△60△4△1011,837△△68813

125

1,756
△8△17△

4

11,771△330△0△49△2,530
△
0380

2,474

Effect of exchange rate change on cash and cash equivalents

71133

Net increase (decrease) in cash and cash equivalents

277

710

Cash and cash equivalents at beginning of period

2,763

2,571

Cash and cash equivalents at end of period

3,040

3,281

Net increase (decrease) in short-term borrowings
Purchase of treasury shares
Repayments of finance lease liabilities
Net cash provided by (used in) financing activities

55

Consolidated Business Segment Information
Millions of yen
FY2022 Apr'22-Dec'22
Business Segments Reported
ElectronicBatteries
Materials

Total

Adjustments

ConsolidatedStatements

Net salesJapan

16,30912,70329,013-29,013

Asia

5,801

3,106

8,908

-

8,908

Americas

3,015-

3,015-

3,015

Europe

5,828

-

5,828

-

5,828

Other48-

48-

48

31,004

15,81046,814-

46,814-----31,004

15,81046,814-46,814-----31,004

15,81046,814-46,814

40

779

820

-

820

Adjustments

Consolidated
Statements

Revenue from contracts with customers
Other revenue
Unaffiliated customers
Intersegment
TotalSegment profit

FY2023 Apr'23-Dec'23
Business Segments Reported
ElectronicBatteries
Materials

TotalNet salesJapan

17,442

8,868

26,311-

26,311

Asia

5,858

2,201

8,059

-

8,059

Americas3,884-

3,884-

3,884

Europe7,576

26

7,603-

7,603

Other41-41-

41

34,803

11,09645,899-45,899

-

-

-

-

-

Unaffiliated customers

34,803

11,09645,899-45,899Intersegment△
34,803----

11,09645,899-45,899

155

105

-

105

Revenue from contracts with customers
Other revenue

Total
Segment profit (loss)

49