FOR IMMEDIATE RELEASE
January 28, 2010

Consolidated Financial Results for the Third Quarter Ended December 31, 2009
(April 1, 2009 to December 31, 2009)

FDK CORPORATION(URL: http://www.fdk.com)
Listing Code No.6955 (Listing Stock Exchange: The First Section of Tokyo Stock Exchange)
Address : Hamagomu Bldg. 5-36-11 Shimbashi, Minato-ku, Tokyo 105-8677
Contact : Corporate Communication Office, General Affairs and Management Planning Division
E-mail: niida@fdk.co.jp
The Consolidated Financial Results is unaudited / U.S. GAPP is not applied

1.Consolidated Operating Results for the Nine-Months Period Ended December 31, 2009a. Consolidated Results of Operations

Net Sales

Yen

Yen

(millions)(millions)

U.S.Dollars(millions)

Nine months

Nine months

FY2008,Nine months

ended Dec. 31,

ended Dec. 31,

ended Mar. 31,

ended Dec. 31,

2009
46,192

2008
63,7002009
78,4752009$501.71

Operating Income

1,134(661)(1,350)$12.32550(4,150)(11,817)

$5.97

145

(4,351)(12,076)$1.57

0.7 yen(34.02) yen(94.43)(0.76 cent)--Income(Loss) Before Income Taxes
and Minority Interests
Net Income (Loss)
Amounts Per Share of Common Stock:
Basic Earnings (Loss)
Diluted Earnings-b. Net Sales byy Business Segment
gYen

Yen

Yen(millions)(millions)(millions)(millions)

Nine months

Nine months

FY2008,Nine months

ended Dec. 31,

ended Dec. 31,

ended Mar. 31,

ended Dec. 31,

2009
28,618

2008
43,696

2009
52,2292009$310.83

Batteries

17,57320,004

26,245$190.87

Total

46,192

63,70078,745$501.71

Electronic Devices

c. Consolidated Financial Position
Yen(millions)
As of Dec. 31,

As of March 31,

2009

2009

Total Assets

42,325

46,203Total Net Assets

2,259(8,534)

Total Shareholders' Equity

2,831(8,312)

Shareholders' Equity Ratio

3.9(19.7%)

Shareholders' Equity
Per Share(43.06) yen(157.06) yen

U.S.Dollars

d. Consolidated Statements of Cash FlowsYen(millions)
Nine months

Nine months

ended Dec. 31,

ended Dec. 31,

2009

2008

Cash Flows from(610)

2,807(579)(1,497)

(576)

401

5,558

8,068

Operating Activities
Cash Flows from
Investing Activities
Cash Flows from
Financing Activities
Cash and Cash Equivalents
at End of Period
Consolidated Subsidiaries

14 companies

Unconsolidated Subsidiaries (equity method applied)- companies

Affiliates (equity method applied only)

1 companies(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 92.07 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 year ending March 31, 2010
(Million of yen, except per share data)
FY2009Change from FY2008(%)

Net Sales¥70,000

Operating Income¥2,500-Net Income¥1,000-Net Income per Share(10.8)

4.93 yen-Note for the use of the above forecasted business results.
The forcast described above is based upon information available as of Octber 28, 2009.
We will announce the revised forcast shortly.

3. Others(1)Changes in significant subsidiaries during the period: No(Note) 3 companies
1 company included in the consolidated subsidiary: FDK MODULE SYSTEM TECHNOLOGY CORPORATION(2)Adoption of simplified accounting methods for quarterly reporting: Yes(3)Changes in accounting policies, procedures, and presentation, etc.
1)Changes resulting from revisions in accounting principles,etc.: No2)Other changes: Yes(4)Number of shares outstanding (common stock)
1)Number of shares outstanding at the end of periods.
December 31, 2009 : 217,505,884 shares

March 31, 2009: 128,075,884 shares

2)Number of treasury shares at the end of each period
December 31, 2009 : 216,712 shares

March 31, 2009: 205,600 shares3)Weighted average number of shares outstanding in each period.
December 31, 2009 : 207,538,224 shares

December 31, 2008: 127,899,401 shares

Consolidated Balance Sheets
Millions of yen
Q3/FY2009
Dec 31, 2009
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
Noncurrent assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Tools, furniture and fixtures, netLand
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Lease obligations
Accounts payable-other
Income taxes payable
Other
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for retirement benefits
OtherTotal noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total valuation and translation adjustments
Minority interests
Total net assets
Total liabilities and net assets

FY2008
Mar 31, 2009

5,573
15,283
1,700
851
1,630
33
2,505
(29)
27,547

7,517
15,708
1,545
800
1,547
37
2,813
(28)
29,9434,879
4,190
6172,180
451
117
12,436
568

5,088
4,733
829
2,148
623
146
13,570
548

135
15
27
1,595
(0)
1,773
14,778

249
4
25
1,892
(30)
2,140
16,25942,325

46,203

12,43917,075
436
254
1,608
237
1,278
33,32911,89628,135
449
330
2,961
101
2,237
46,113

66
599
4
6,007
58
6,736
40,066

204
774
4
7,513
127
8,624
54,73828,301
22,622(48,051)
(40)
2,831

22,756
17,167(48,197)(38)(8,312)6(1,194)(1,188)615
2,259

6(777)(770)
548(8,534)42,325

46,203

Consolidated Statements of Operations
Millions of yen
Q3/FY2008

Q3/FY2009

Apr'08-Dec'08

Apr'09-Dec'09

Net sales

63,70046,192

Cost of sales

56,726

39,588Gross profit

6,974

6,603

Selling, general and administrative expenses

7,636

5,469

Operating income (loss)

(661)

1,134

Interest income

48

15Rent income

24

19

Insurance income

59--41

Other

152

103

Total non-operating income

285

180

403

168

Non-operating income

Gain on sales of noncurrent assets

Non-operating expenses
Interest expenses
Foreign exchange losses

1,297

143

Loss on retirement of noncurrent assets

55

65

Amortization of net retirement benefit obligation at transition

958

-

Other

176

305

2,891

683

(3,268)

631

-

39

Gain on sales of noncurrent assets

165-

Total extraordinary income

165

39

-

111

Impairment loss

968-

Loss on valuation of inventories

79-

-

8

1,048

119

Total non-operating expenses
Ordinary income (loss)
Extraordinary income
Gain on sales of subsidiaries and affiliates' stocks

Extraordinary loss
Business structure improvement expenses

Other
Total extraordinary loss
Income (loss) before income taxes(4,150)550

Income taxes-current

177337

Income taxes-deferred

25

10

Total income taxes

202348(2)

56(4,351)

145

Minority interests in income
Net income (loss)

Consolidated Statements of Cash Flows
Millions of yen
Q3/FY2008

Q3/FY2009

Apr'08-Dec'08

Apr'09-Dec'09

Net cash provided by (used in) operating activities
Income (loss) before income taxes(4,150)550

Depreciation and amortization

2,593

1,567

Impairment loss

968

-Increase (decrease) in provision for retirement benefits

388(1,505)

Increase (decrease) in allowance for doubtful accounts

(4)

(29)

Interest and dividends income

(54)

(16)

Interest expenses

403

168

Foreign exchange losses (gains)

65

22

Stock issuance cost
Equity in (earnings) losses of affiliates
Loss (gain) on sales of property, plant and equipment
Loss on retirement of noncurrent assets

-

53

39

119

(181)

(41)

55

65

Loss (gain) on sales of stocks of subsidiaries and affiliates-(39)

Decrease (increase) in notes and accounts receivable-trade

5,702

118

(47)

(314)

(1,450)812

Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-tradeIncrease (decrease) in accrued expenses

(877)

(346)

Other, net

16(1,430)Subtotal

3,466

(246)

Interest and dividends income received

54

16

Interest expenses paid

(511)

(201)

Income taxes paid

(262)

(178)

Other proceeds
Net cash provided by (used in) operating activities

59-

2,807

(610)

(11)

(11)

Net cash provided by (used in) investment activities
Payments into time deposits
Proceeds from withdrawal of time deposits-

10

Purchase of property, plant and equipment(1,851)(662)

Proceeds from sales of property, plant and equipment

381

84

Purchase of intangible assets

(14)

(4)

Purchase of investment securities

(3)

(4)

Proceeds from sales of stocks of subsidiaries and affiliates-150

Other, net

2

(141)

(1,497)

(579)

812

(11,008)

Net cash provided by (used in) investment activities
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable

125-

Repayment of long-term loans payable

(266)

(260)

Proceeds from issuance of common stock-

10,999Payments for issuance of common stock-(53)

Purchase of treasury stock

(6)

(1)

Cash dividends paid to minority shareholders(3)-

Repayments of finance lease obligations

(260)

(252)

Net cash provided by (used in) financing activities

401

(576)

Effect of exchange rate change on cash and cash equivalents

(859)

(178)

Net increase (decrease) in cash and cash equivalents

851
7,217
8,068

(1,945)
7,504
5,558

Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of period

Consolidated business segment information
Millions of yen
Q3/FY2008 Apr'08-Dec'08
Electronicmaterials

Batteries

Total

Elimination

Consolidate
d63,700

Net sales
Unaffiliated customers

43,69620,00463,700------43,69620,00463,700-63,700(1,800)1,138(661)-(661)

Elimination

Consolidated

46,192

Intersegment
Total
Operating income (loss)

Q3/FY2009 Apr'09-Dec'09
Electronicmaterials

Batteries

Total

Net sales
Unaffiliated customers

28,61817,573

46,192-----

28,61817,573

46,192-

46,192

(217)

1,351

1,134-

1,134

Intersegment
Total
Operating income (loss)

Consolidated geographic segment informationMillions of yen
Q3/FY2008 Apr'08-Dec'08
JapanNorth
America

AsiaEurope

Total

Elimination

Consolidated-

63,700Net sales
Unaffiliated customers

34,542

26,455

1,090

1,612

63,700Intersegment

8,649

14,671-

41

23,361(23,361)-

Total

43,191

41,126

1,090

1,653

87,062(23,361)

63,700(1,176)

739

1(19)

(454)

(206)

(661)

Operating income (loss)

Q3/FY2009 Apr'09-Dec'09
JapanNorth
America

Asia

EuropeTotal

Elimination

Consolidated

46,192

Net sales
Unaffiliated customers

24,914

19,598423

1,256

46,192-

Intersegment

3,0615,385

39

29

8,516

(8,516)-Total

27,97624,984462

1,286

54,708(8,516)46,192529

785(17)10

1,307(173)

1,134

Operating income (loss)

Net overseas sales by customer's geographic location
Millions of yen
Q3/FY2008 Apr'08-Dec'08
Asia

Total sales to foreign customers
Consolidated net sales
Percentage of sales to foreign
customers to consolidated net sales

27,579North
America

3,041

OtherCountries

2,798

Total

33,41963,700

43.3%

4.8%

4.4%

52.5%

Q3/FY2009 Apr'09-Dec'09
Asia

Total sales to foreign customers
Consolidated net sales
Percentage of sales to foreign
customers to consolidated net sales

17,070North
America

3,470

OtherCountries

2,513

Total

23,054
46,192

37.0%

7.5%

5.4%

49.9%

Business Results(1) Analysis of Consolidated Business Results
1. Overview
The business environment surrounding the FDK Group during the nine months ending
December 31, 2009, was mixed. Demand for consumer products received a boost in the first halfof the period due to strong public investment in developed and emerging countries. However, it
became a tough situation again during the later part of that period.
In spite of these circumstances, the FDK Group has successfully decreased its break-even pointby implementing drastic reforms such as focusing management resources on FDK products thatincorporate competitive material technology, conducting site reviews of production and sales
locations, streamlining its workforce, and implementing thorough cost-cutting measures by theentire Group.
As for FDK’s business results during this period, net sales were 46,192 million yen, asubstantial decrease of 17,508 million yen from the same period last year. This resulted because
markets for FDK products were hit hard by the recession and shrunk, the number of products
available was reduced through business selection and concentration, and because of the transfer
of FDK's stepping motor business, which was completed the previous fiscal year. In terms of
profit and loss, however, profits increased from the same period last year due to the effects of
FDK's business structural reforms, as noted above. Operating income improved to 1,134 million
yen from the loss of 661 million yen in the same period last year. Income before income taxes was
550 million yen and net income was 145 million yen, making it into the black.
The divisional sales overview is as follows.

2. Electronic Device Business
Sales of piezoelectric components stayed the same as the same period last year as sales ofdigital single-lens reflex cameras increased steadily, even though the total market for cameras
was sluggish. Sales of coil devices decreased from the same period last year due to the slow-downin the sale of transformers for liquid crystal displays, although sales of devices for automobiles
increased. Sales of multilayer power inductors decreased because of the market downturn formobile phones, the prolonged replacement cycle in Japan for products using these inductors, andthe decreased sales of digital cameras.
Sales of optical devices decreased from the same period last year due to a decrease in publicprojects involving optical submarine cable settlements and a decrease in prices for these products.
Sales of signal processing modules for liquid crystal displays decreased greatly from the same
period last year due to a production adjustment at the beginning of the period and a fall in salesprices.
As a result, sales for the electronic device business were 28,618 million yen, a decrease of 34.5%
from the same period last year. This was due to the transfer of FDK's stepping motor business, areduction of some products, etc.

3. Battery Business
Sales of lithium batteries increased from the same period last year due to increased sales ofsmoke detectors in North America and Europe and increased sales activities. Sales of alkaline
batteries, which are flagship products for FDK’s battery business, fell below the same period lastyear due to the slow-down in consumer spending, although some active sales activities weremade for the Fujitsu Alkaline Battery G.D.R series in Japan and some sales activities for OEM
products in the global market.
As a result, sales for the battery business were 17,573 million yen, a 12.2% decrease from theprevious fiscal year.

(2) Analysis of Financial Condition
1. Status of Assets, Liabilities and Net Assets
Total assets for the nine months ending FY2009 decreased 3,877 million yen from the end of
the previous fiscal year to 42,325 million yen. Current assets were down 2,395 million yen to27,547 million yen. Noncurrent assets were down 1,481 million yen from the end of the previous
fiscal year to 14,778 million yen. The principal cause of decreased current assets was a decreaseof 1,944 million yen in cash and cash deposits. The principal cause of decreased noncurrent assets
was a decrease of 1,134 million yen in total property, plants and equipment.
Total liabilities for the nine months ending FY2009 decreased 14,671 million yen from the endof the previous fiscal year to 40,066 million yen. Current liabilities decreased 12,783 million yen
from the end of the previous fiscal year to 33,329 million yen. Noncurrent liabilities decreased
1,887 million yen from the end of the previous fiscal year to 6,736 million yen. The principal
cause of decreased current liabilities was a decrease of 11,060 million yen in short-term loans
payable and of 1,353 million yen in accounts payable-other. The principal cause for decreased
noncurrent liabilities was a decrease of 1,505 million yen in provision for retirement benefits.
Interest-bearing debt outstanding for the nine months ending FY2009 decreased 11,462 million
yen from the end of the previous fiscal year to 18,432 million yen.
Total net assets for the nine months ending FY2009 increased 10,794 million yen from the endof the previous fiscal year to 2,259 million yen. As a result, FDK eliminated its assets deficiency.
The major factors for the increase in total net assets were a 5,544 million yen increase incapital stock by allocating new shares to a third party, a 5,455 million yen increase in capitalsurplus, and net income for the nine month period totaling 145 million yen was posted in retained
earnings, though 416 million yen were decreased in foreign currency translation adjustments.

2. Cash Flow Condition
Net cash used in operating activities decreased 610 million yen from the end of the previous
fiscal year due to a decrease in cash used to provide provision for retirement benefits, though
there were increases in cash caused by posting depreciation and amortization and the increase innotes and accounts receivable trade.
Net cash used in investing activities decreased 579 million yen from the end of the previous
fiscal year due to the purchase of property, plants and equipment.
Net cash used in financing activities decreased 576 million yen from the end of the previous
fiscal year due to a decrease in short-term loans payable, though there was an increase in capital
due to the issuance of new shares.
As a result, the balance of cash and cash equivalents at the end of December 31, 2009 was
5,558 million yen, a decrease of 1,945 million yen from the end of the previous fiscal year.

(3) Forecast for the Fiscal Year Ending March 31, 2009
There is no change to the consolidated financial forecast for fiscal year 2009 ending March 31,
2010, as the profitability of the business is expected to improve continuously through businessstructural reforms that were promoted from the beginning of the period and the nickel-metal
hydride, cylindrical lithium batteries, and coin-shaped rechargeable batteries business acquiredon Jan.12, 2010, which is expected to contribute.