(TRANSLATION FOR REFERENCE ONLY)FOR IMMEDIATE RELEASE
October 25, 2023
Consolidated Financial Results for the First Half of FY2023(April 1, 2023 to September 30, 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 Six-Months Period Ended September 30, 2023
a. Consolidated Statements of Income
Yen(millions)
Six months
Six months
ended Sept. 30,
ended Sept. 30,
2022
2023
31,73430,246Net Sales670△ 76
Operating Profit (Loss)
839
136
Ordinary Profit583△ 35
Profit (Loss) attributable toowners of parent

Amounts Per Share of Common Stock:
Basic Earnings
Diluted Earnings

16.91 yen
- yen

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

Change (%)△ 4.7△ 83.8-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)
Six months
ended Sept. 30,
2022
21,29910,43431,734

Yen(millions)
Six months
ended Sept. 30,
2023
22,5197,727
30,246c. Consolidated Financial Position

Total Assets
Net Assets
Owners' Equity
Capital Adequacy Ratio

Yen(millions)
As of March 31,
As of Sept. 30,
2023
2023
47,13048,747
13,196
14,08013,19014,07428.0 %
28.9 %

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

(TRANSLATION FOR REFERENCE ONLY)
d. Consolidated Statements of Cash FlowsYen(millions)

Cash Flows fromOperating Activities
Cash Flows from
Investing Activities
Cash Flows from
Financing Activities
Cash and Cash Equivalents
at End of Period

Six months
ended Sept. 30,
2022
1,416

Six months
ended Sept. 30,2023△ 314△ 1,065△ 1,383

△ 573

1,582

2,793

2,641

(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 three months ended June 30, 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)
September 30, 2023: 34,536,302 shares
March 31, 2023: 34,536,302 shares
2) Number of treasury stock at the end of each period
September 30, 2023: 30.420 shares
March 31, 2023: 30,232 shares
3) Average number of shares in each period.
September 30, 2023: 34,505,975 shares
September 30, 2022: 34,506,435 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' 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 interests
Total net assets
Total liabilities and net assets

FY2022

FY2023

Mar 31, 2023

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

2,641
18,263
3,127
3,217
4,975
1,405
△ 36
33,594

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

5,346
5,179
1,146
2,190
71
359
14,292
388

193
42179
415
15,307219
38
214
472
15,15347,13048,747

9,752
4,656
12,140
63
1,459
499
2,357
30,928

10,241
4,117
13,760
66
1,459
329
1,878
31,853

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

9383
1,800
161
458
2,813
34,66631,70926,225△ 45,114△ 50
12,76931,70926,225△ 45,149△ 50
12,733

34
1,825△ 1,439420
6
13,19650
2,555△ 1,264
1,340
6
14,08047,13048,747

Consolidated Statement of Income
Millions of yen
FY2022

FY2023Apr'22-Sep'22

Apr'23-Sep'23

Net sales

31,73430,246

Cost of sales

26,40825,710Gross profit

5,325

4,535

Selling, general and administrative expenses

4,654

4,612670△ 76

Operating profit (loss)
Non-operating income
Interest income

633

Dividend income

2521

Subsidy income

37-Foreign exchange gains

240

195

33

Gain on sale of non-current assets
Rental income

918

Other

33

20

Total non-operating income

356

291

Interest expenses

5057

Loss on retirement of non-current assets

130

15

Non-operating expenses

Other

66

187

78839

136

Subsidy income

200

128

Total extraordinary income

200

128

4457

Total non-operating expenses
Ordinary profit
Extraordinary income

Extraordinary losses
Impairment losses
Total extraordinary losses

4457

Profit before income taxes

994

207

Income taxes-current

214

242

Income taxes-deferred

196

0Total income taxes

410

243

Profit (loss)

584△ 350△0583△ 35

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

Consolidated Statement of Comprehensive Income
Millions of yen
FY2022

FY2023Apr'22-Sep'22

Apr'23-Sep'23

584△ 35Valuation difference on available-for-sale securities△ 1215

Foreign currency translation adjustment

733

729

Remeasurements of defined benefit plans, net of tax

139174

Profit (loss)
Other comprehensive income

Total other comprehensive income
Comprehensive income

860

919

1,444884

1,4438840△0（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-Sep'22

Apr'23-Sep'23

Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Increase (decrease) in retirement benefit liability

9942071,127

1,1964457

△ 193

△ 184

Increase (decrease) in allowance for doubtful accounts△30

Interest and dividend income

△ 31

△ 55

Interest expenses

5057

Foreign exchange losses (gains)△4△0

Loss (gain) on sale of property, plant and equipment△3△3Loss on retirement of non-current assets
Subsidy income
Decrease (increase) in trade receivables

13015△ 237△ 128726△ 1,374103△ 155

Increase (decrease) in trade payables△ 1,233△ 540

Increase (decrease) in accrued expenses△ 85△ 292Other, net

325

1,316

Subtotal

1,711

117

3155

Decrease (increase) in inventories

Interest and dividends received
Subsidies received

37-Interest paid

△ 52

△ 59

Income taxes paid

△ 311

△ 427

Net cash provided by (used in) operating activities

1,416

△ 314

△ 1,037△ 1,381

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment

46

Purchase of intangible assets△ 27△8Purchase of investment securities△2△2Other, net△22△ 1,065△ 1,383△ 5401,620△0△0Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Purchase of treasury shares
Repayments of finance lease liabilities

△ 33

△ 37

Net cash provided by (used in) financing activities

△ 573

1,582

Effect of exchange rate change on cash and cash equivalents

252

186

Net increase (decrease) in cash and cash equivalents

30

70

Cash and cash equivalents at beginning of period

2,763

2,571

Cash and cash equivalents at end of period

2,793

2,641

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

Total

Adjustments

Consolidated
Statements

Net salesJapan

10,9038,420

19,323-

19,323

Asia

3,991

2,013

6,005

-

6,005

Americas

2,065

-

2,065

-

2,065

Europe

4,292

-

4,292

-

4,292

Other47

-

47

-

47

21,29910,43431,734-31,734-----

21,29910,43431,734-31,734

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

21,29910,43431,734-31,734

289

381

670-

670

Adjustments

Consolidated
Statements

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

Total

Net salesJapan

11,1446,130

17,275-

17,275

Asia

3,508

1,570

5,078-

5,078

Americas2,705-Europe

5,131

26

2,705

-

2,705

5,157

-

5,157

Other

29-

29-

29

22,5197,727

30,246-30,246-----

22,5197,727

30,246-30,246-

--

--

Total

22,5197,727

30,246-30,246

Segment profit (loss)△ 215138

△ 76

-

△ 76

Revenue from contracts with customers
Other revenue
Unaffiliated customers
Intersegment-