NEWS RELEASE
August 7, 2020
FDK CORPORATION
President: Ryo Nagano(Code: 6955 Second Section, TOKYO)
Contact: Nobuyuki Watanabe
General Manager, Corporate Business Planning
Office(TEL. +81-3-5715-7400)

Notice regarding the share transfer of our consolidated subsidiary and extraordinary gains
At the board meeting held today, we (or “FDK” or the “Company”) resolved to transfer all shares in PT FDK
INDONESIA (“FDK INDONESIA” or the “Target”), our consolidated subsidiary that manufactures alkaline
batteries (the “Transaction”). The Transaction will result in extraordinary gains recorded on our consolidated
financial statements for the 3rd quarter of the fiscal year ending March 31, 2021. The summary of theTransaction is as follows:
1. Reason for the share transfer
In order to achieve our group strategy framework, “Status-to-be-in-10-years”, and the Mid Term Business
Plan, “R1”, we are making efforts to transform the quality of our existing business. As part of thetransformation, we have decided to transfer shares of FDK INDONESIA to increase our value-adds and achieve
stable and profitable growth in our alkaline battery business by leveraging our high-quality products, prompt
supply, and sales network with distribution companies cultivated over many years and focusing on domestic
business including sales to domestic OEMs and private brands.
2. About PT FDK INDONESIA(1) Name
(2)
(3)
(4)
(5)
(6)
(7)

(8)

(9)

Address
Name and title ofrepresentative
Main business
CapitalEstablishment
Shareholding ratio

PT FDK INDONESIA
Kawasan Industri MM2100, Blok MM-1 Jatiwangi Cikarang Barat,
Bekasi 17520 Jawa Barat, Indonesia
Yuji Tsuchida, President and CEO

Manufacture and sale of alkaline batteries
US$12,001,500 (approx. JPY 1,306 million)
August 1989
Company: 99.98%, FDK SINGAPORE PTE. LTD: 0.02%
100% ownership (including indirect
Capital relationshipholding)
Relationship between thePersonnel relationshipAppointment of directors from FDK
Company and the Target
The Company purchases products from
Business relationship
PT FDK INDONESIA
Business performance and financial status of the company for the last three years (JPY m)
Fiscal year
FYE Mar 2018
FYE Mar 2019
FYE Mar 2020
Net assets
1,183
1,074(359)
Total assets
3,825
3,726
2,142

NEWS RELEASE
Sales
6,252
5,8734,266
Operating income
(51)
(87)
(175)
Ordinary income
(151)
(162)
(278)
Net income
(136)
(175)
(1,399)( )….negative results*The amounts in business performance and financial status are amounts converted into Japanese yen based on
the exchange rate of each fiscal year.
3. About the Acquiror(1) Name(2) Address(3) Main business(4)

Relationship between theCompany and the Target

Energizer International Group B.V.
Prins Bernhardplein 200, Amsterdam 1097 JB, Netherlands
Sale of batteries and lights
Capital relationship
Not applicable
Personnel relationship
Not applicableBusiness relationship
Not applicable
Status as a related party
Not applicable

4. Shares to be transferred
Share ownership before theCompany: 100% (including indirect holdings)(1)
Transaction(2) Shares transferred
100% (including indirect holdings)(3) Purchase price
US$ 7,176 (approx. JPY 753 million)
Share ownership after the(4)Company: 0%Transaction*The Purchase price is the price calculated based on the amount of debts as of March 31, 2020 and it may change
as of the date of transfer of shares according to the price adjustment rule in the share purchase agreement.
*Exchange rate: US$1: JPY 105
5. Schedule(1)
Board resolution(2)
Signing of the agreement(3)
Transfer of shares

August 7, 2020
August 7, 2020
October 1, 2020 (plan)

6. Future outlook
The Transaction will result in extraordinary gains of approx. JPY 800 million from the sale of the businessrecorded on our consolidated financial statements for the fiscal year ending March 31, 2021. The exact
accounting period and amount are under investigation. These gains are already factored into the consolidated
forecast for the fiscal year ending March 2021 announced today.
However, as stated in 4. (3) Purchase Price, the impact of the price adjustment as of the date of transfer ofshares is not factored in.
We will promptly disclose any further information that may have significant impact on the business.