Press Release
May 1, 2013
To Whom It May Concern:
Funai Electric Co., Ltd.
Representative Director
President and CEO: Tomonori Hayashi(Code No.: 6839 First Section of TSE/OSE)

Notice of the Reversal of Deferred Tax Assets and Changes in the Dividend
Forecast Following a Revised Forecast of Consolidated Operating Results andthe Posting of Non‐Operating Income (Foreign Exchange Gains)
The following changes have been made to the forecast of consolidated operating results announced on
November 2, 2012, and the dividend forecast announced on May 7, 2012.
1. Revisions to the Full‐Year Consolidated Earnings Forecast(April 1, 2012 to March 31, 2013)

Previous Forecast announced on
November 2, 2012 (A)Current Revised Forecast (B)Net Change (B‐A)
Net Change (%)(Reference)
Actual for the Previous Term
(Year Ended March 31, 2012)(Units: Millions of Japanese Yen)
Ordinary
Net Income
Net Income
IncomePer Share

Net Sales

Operating
Income205,000(2,500)(4,100)(5,800)(169.99)

192,000(5,270)(350)(8,540)(250.38)(13,000)(2,770)3,750(2,740)

(6.3)

−−−

246,147461

174(4,629)(135.69)【Reasons for Revisions】
Performance involving of LCD TVs, which had been firm through the second quarter, turned downward,
particularly from the fourth quarter. In addition, the profit margin was declined. Consequently, net
sales and operating income are now expected to fall below their previously forecast figures.
Owing to the posting of foreign exchange gains, ordinary income should improve compared with thesubstantial loss previously expected. However, net income is likely to fall below previously forecast
figures, due to such factors as the reversal of deferred tax assets and booking of corporate tax
adjustment.
2. Recording of Non‐Operating Income (Foreign Exchange Gains)
During the first nine months of the fiscal year, the Company posted foreign exchange gains of JPY 1,749
million. As a result of rapid yen depreciation subsequently, settlements of the Funai Group’s assets andliabilities denominated in foreign currencies and valuations according to exchange rates as of the endof the fiscal year resulted in the posting of foreign exchange gains of JPY 4,690 million.

3. Reversal of Deferred Tax Assets
After carefully forecasting operating performance in the year under review and the upcoming fiscal
year to determine the recoverability of deferred tax assets, the Company elected to reverse deferredtax assets on March 31, 2013, and posted JPY 4,320 million as a corporate tax adjustment. As this item
involves no cash disbursements, it will have no effect on consolidated cash flows.

4. Dividend Forecast Revision
Annual Dividend (Yen)
1Q EndPrevious Forecast(May 7, 2012)
Current Revised Forecast
Actual for the Current Term
Actual for the Previous Term
(Year Ended March 31, 2012)

yen
‐‐‐‐

2Q Endyen
0000

3Q Endyen‐‐‐‐Year‐Endyen‐
35‐
* 50

Annualyen‐
35‐
* 50

* (Breakdown for previous term) Regular dividend: 40, Commemorative dividend: 10【Reasons for Revisions】
Because of the major impact of exchange rate fluctuations on consolidated net assets, the previous
forecast did not include a year‐end dividend forecast. Calculated in accordance with the Company’s
policy of maintaining a dividend‐to‐consolidated net assets ratio of 1.0%, we now forecast a dividendof JPY 35 per share.

(Note)The earnings forecast is based on information available to the Company at the time such forecast ismade, and contains risk and uncertainty. Actual results may differ from the forecast due to a variety offactors including changes in the economic conditions of overseas markets such as the United States (akey market for the Group), and significant fluctuations in product prices and foreign exchange.

For further information, please contact
Toru Fujii
Investors and Public Relations
E‐mail: investor_relations@funai.co.jp