FOR IMMEDIATE RELEASE
April 28, 2010

Fiscal Year 2009 Consolidated Financial Results(April 1, 2009 to March 31, 2010)

FDK CORPORATION(URL: http://www.fdk.com)
Listing Code No.6955 (Listing Stock Exchange: The Second 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
Date of the ordinary general shareholder's meeting : June 29, 2010
Filing date of Yukashoken Hokokusho: June 29, 2010
The Consolidated Financial Results is unaudited / U.S. GAPP is not applied

1.Consolidated Results for FY2009 ended March 31, 2010
a. Consolidated Statements of Income
Yen

U.S.Dollars(millions)(millions)

FY2009FY2008(4/1/09-3/31/10)
68,447(4/1/08-3/31/09)
78,475

Change(%)

Operating Income(loss)

2,398(1,350)-$25.77

Income(Loss) Before Income Taxes

1,582(11,817)-$17.00Net Income (Loss)

1,046(12,076)-$11.244.98 yen(94.43) yen-

5.4 cent--

Net Sales

FY2009(12.8) %(4/1/09-3/31/10)$735.67

Amounts Per Share of Common Stock:
Basic Earnings (Loss)
Diluted Earnings-

b. Consolidated Financial Position
Yen(millions)
As of Mar. 31,

As of Mar. 31,

2010

2009

Total Assets

64,515

46,203

Total Net Assets

3,258(8,534)

Shareholders' Equity

3,732(8,312)

Shareholders' Equity Ratio

4.1%(19.7%)

Shareholders' Equity(38.39) yen(157.06) yen

Per Sharec. Consolidated Statements of Cash FlowsYen(millions)

Net cash used in

FY2009FY2008(4/1/09-3/31/10)
211(4/1/08-3/31/09)
2,315(5,505)

(267)

5,325

(1,378)

7,504

7,217

operating activities
Net cash used ininvesting activities
Net cash used infinancing activities
Cash and cash equivalents
at end of period
Consolidated Subsidiaries

16 companies

Unconsolidated Subsidiaries (equity method applied)- companies

Affiliates (equity method applied only)

1 companies-1-d. Net Sales by Business Segment

Electronic Devices

Yen

Yen

U.S.Dollars(millions)(millions)(millions)

FY2009FY2008FY2009(4/1/09-3/31/10)
37,673(4/1/08-3/31/09)
52,229(4/1/09-3/31/10)$404.91

Batteries

30,773

26,245$330.75

Total

68,44778,475$735.67(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 $1=93.04 yen
3.The percentage in this statement presents rate of change compared with the previous fiscal year.

2.Consolidated Financial Forecast for the year ending March 31, 2011
(Million of yen, except per share data)
FY2010Change from FY2009(%)

Net Sales¥97,000

41.7 %

Operating Income¥3,00025.1 %Net Income¥2,00091.2 %Net Income per Share9.20 yen-

Note for the use of the above forecasted business results.
The forcast described above is based upon information available as of April 28, 2010.
3. Others(1)Changes in significant subsidiaries during the period: Yes
2 companies included in the consolidated subsidiary: FDK Twicell Co.,Ltd. & FDK Tottori Co., Ltd.
(2)Changes in accounting policies, procedures, and presentation, etc.
1)Changes resulting from revisions in accounting principles,etc.: Yes
2)Other changes: Yes(3)Number of shares outstanding (common stock)
1)Number of shares outstanding at the end of fiscal year. (including treasury shares)
March 31, 2010 : 217,505,884 shares

March 31, 2009: 128,075,884 shares

2)Number of treasury shares at the end of fiscal year
March 31, 2010 : 218,916 shares

March 31, 2009: 205,600 shares-2-Consolidated Balance Sheets
Millions of yen
FY2008
Mar 31, 2009
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Accounts receivable-other
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, net
Land
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
Li biliti
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
Negative goodwill
Other
Total 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
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total valuation and translation adjustments
Minority interests
Total net assets
Total liabilities and net assets-3-

FY2009Mar 31, 2010

7,517
15,708
1,545
800
1,547
2,311
37
502
(28)
29,943

7,417
21,458
2,597
2,921
2,047
265
2,428
(113)
39,023

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

8,079
9,422
804
3,469
402
200
22,378
669

249
4
25
1,892
(30)
2,140
16,259

130
14
688
1,610
(0)
2,444
25,492

46,20364,515

11,89628,135
449
330
2,961
101
2,237
46,11319,08823,794
325
230
2,310
433
2,853
49,036

204
774
4
7,513
127
8,624
54,738

66
546
3
7,778
3,605
220
12,221
61,25722,756
17,167(48,197)(38)(8,312)28,301
22,622(47,151)
(40)
3,732

6
(777)
(770)
548
(8,534)5(45)(1,033)(1,073)599
3,258

46,20364,515

Consolidated Statements of Income
Millions of yen
FY2008FY2009Apr'08-Mar'09

Apr'09-Mar'10

Net sales

78,47568,447

Cost of sales

70,24057,968Gross profit

8,234

10,478Selling, general and administrative expenses

9,585

8,080

Operating income (loss)(1,350)

2,398

57

18

-

189

Rent income

31

36

Insurance income

59

-

-

49

Gain on sales of scraps

55

-

Other

118

136

Total non-operating income

322

430

520

229

-

152

1,095

161

88

175

1,278

-

281

254

3,263

974

(4,292)

1,853

-

39

2,193

-

165

-

2,359

39

968

191

7,983

111

932

8

9,884

310

(11,817)

1,582

Income taxes-current

159

560

Income taxes-deferred

92

(61)

Total income taxes

252

498

6

37

(12,076)

1,046

Non-operating income
Interest income
Amortization of negative goodwill

Gain on sales of noncurrent assets

Non-operating expenses
Interest expenses
Equity in losses of affiliates
Foreign exchange losses
Loss on retirement of noncurrent assets
Amortization of net retirement benefit obligation at transition
Other
Total non-operating expenses
Ordinary income (loss)
Extraordinary income
Gain on sales of subsidiaries and affiliates' stocks
Gain on transfer of business
Gain on sales of noncurrent assets
Total extraordinary income
Extraordinary loss
Impairment loss
Business structure improvement expenses
Other
Total extraordinary loss
Income (loss) before income taxes

Minority interests in income
Net income (loss)-4-

Statements of Changes in Net Assets
Millions of yen
FY2008Apr'08-Mar'09
Shareholders' equity
Capital stock
Beginning balance
Changes of items during the period
Issuance of new shares
Total changes of items during the periodEnding balance
Capital surplus
Beginning balance
Changes of items during the period
Issuance of new shares
Total changes of items during the periodEnding balance
Retained earnings
Beginning balance
Changes of items during the period
Net income(loss)
Total changes of items during the periodEnding balance
Treasury stock
Beginning balance
Changes of items during the period
Purchase of treasury stock
Total changes of items during the periodEnding balance
Total shareholders' equity
Beginning balance
Changes of items during the period
Issuance of new shares
Net income(loss)
Purchase of treasury stock
Total changes of items during the periodEnding balance
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Beginning balance
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the periodEnding balance
Deferred gains or losses on hedges
Beginning balance
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the periodEnding balance
Foreign currency translation adjustment
Beginning balance
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the periodEnding balance
Total valuation and translation adjustments
Beginning balance
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the periodEnding balance
Minority interests
Beginning balance
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the periodEnding balance
Net assets
Beginning balance
Changes of items during the period
Issuance of new shares
Net income(loss)
Purchase of treasury stock
Net changes of items other than shareholders' equity
Total changes of items during the periodEnding balance-5-

FY2009Apr'09-Mar'10

22,75622,75622,7565,544
5,544
28,301

17,167

17,167

17,1675,455
5,455
22,622(36,121)(48,197)(12,076)(12,076)(48,197)

1,046
1,046
(47,151)

(31)

(38)

(6)
(6)
(38)

(2)
(2)
(40)

3,771

(8,312)(12,076)(6)(12,083)(8,312)

10,9991,046(2)
12,044
3,732

6

6

0
0
6

(1)
(1)
5

(0)

-

0
0
-

(45)
(45)
(45)

(1,248)

(777)

470
470
(777)

(255)
(255)
(1,033)(1,242)

(770)

471
471
(770)

(302)
(302)
(1,073)

42

548

505
505
548

51
51
599

2,571

(8,534)(12,076)(6)
976(11,106)(8,534)

10,999
1,046
(2)
(250)
11,7933,258

Consolidated Statements of Cash Flows
Millions of yen
FY2008FY2009Apr'08-Mar'09

Apr'09-Mar'10

Net cash provided by (used in) operating activities
Income (loss) before income taxes(11,817)

1,582

Depreciation and amortization

3,297

2,433

Impairment loss

5,644

191

96

152

1,692

(1,610)Equity in (earnings) losses of affiliates
Increase (decrease) in provision for retirement benefits
Increase (decrease) in provision for directors' retirement benefits

(98)

-

Increase (decrease) in allowance for doubtful accounts

(26)

54

Interest and dividends income

(64)

(20)

Interest expenses

520

229

Foreign exchange losses (gains)

22

30

Loss (gain) on sales of property, plant and equipment

(177)

(49)

Loss on retirement of property, plant and equipment

166

175

-

(39)

Loss (gain) on sales of stocks of subsidiaries and affiliates
Loss (gain) on transfer of business
Stock issuance cost
Amortization of negative goodwill(2,193)

-

-

53

-

(189)

Decrease (increase) in notes and accounts receivable-trade

9,774

515

Decrease (increase) in inventories

1,625(1,171)

Increase (decrease) in notes and accounts payable-trade(8,066)(189)

Increase (decrease) in accrued expenses(1,000)946

Other, net

3,664(2,216)

Subtotal

3,060

879

Interest and dividends income received

64

20Interest expenses paid

(609)

(257)

Income taxes paid

(259)

(430)

Other, proceeds

59

-

2,315

211

Payments into time deposits

(15)

(15)

Proceeds from withdrawal of time deposits

1222

Purchase of property, plant and equipment(2,541)(913)

Proceeds from sales of property, plant and equipment

377

129

Purchase of intangible assets

(26)

(73)

Purchase of investment securities

(5)

(4)

Proceeds from sales of investment securities-

6

Purchase of investments in subsidiaries resulting in change in scope of consolidation-(4,798)-150

Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities

Proceeds from sales of stocks of subsidiaries and affiliates
Proceeds from transfer of business

1,929

-

2

(9)

(267)

(5,505)

Net increase (decrease) in short-term loans payable(865)(4,894)

Proceeds from long-term loans payable

159-

Repayment of long-term loans payable

(294)

(395)

Other, net
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities

Proceeds from issuance of common stock-

10,999Payments for issuance of common stock

-

(53)

Purchase of treasury stock

(6)

(2)

Cash dividends paid to minority shareholders

(3)

-

(367)

(328)

Repayments of finance lease obligations
Net cash provided by (used in) financing activities(1,378)5,325

Effect of exchange rate change on cash and cash equivalents

(380)

(124)

Net increase (decrease) in cash and cash equivalents

289

(92)

Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation(2)-

Cash and cash equivalents at beginning of period

7,217

7,504

Cash and cash equivalents at end of period

7,504

7,411

-6-

Consolidated Business Segment Information
Millions of yen
FY2008 Apr'08-Mar'09
Electronic
Materials

Batteries

Total

Elimination

Consolidated78,475Net sales
Unaffiliated customers

52,22926,24578,475

-

-

-

-

-

-

Total

52,22926,24578,475-78,475

Operating income (loss)(2,747)

1,396(1,350)-(1,350)Intersegment

FY2009 Apr'09-Mar'10
Electronic
Materials

Batteries

Total

Elimination

Consolidated68,447

Net sales
Unaffiliated customers

37,67330,77368,447

-

-

-

-

-

-

37,67330,77368,447-68,447

(456)

2,855

2,398

-

2,398

Intersegment
Total
Operating income (loss)

Consolidated Geographic Segment Information
Millions of yen
FY2008 Apr'08-Mar'09
Japan

North
America

Asia

Total

EuropeElimination

Consolidated-78,475Net sales
Unaffiliated customers

43,90631,308

1,304

1,955

78,475Intersegment

9,669

16,73856

89

26,554(26,554)-

Total

53,57648,046

1,361

2,045

105,029(26,554)

78,475

Operating income (loss)(1,733)

626

(1)

(17)

(1,125)(225)(1,350)FY2009 Apr'09-Mar'10
Japan

North
America

Asia

EuropeTotal

Elimination

Consolidated-68,447

Net sales
Unaffiliated customers

38,64025,726

2,167

1,913

68,447

Intersegment

5,600

7,108

68

42

12,819(12,819)-

Total

44,24032,835

2,235

1,955

81,266(12,819)

68,447

Operating income (loss)

1,719

981

46

(18)

2,728

(329)

2,398

Net Overseas Sales by Customer's Geographic Location
Millions of yen
FY2008 Apr'08-Mar'09
Asia

Total sales to foreign customers

31,591

North
America

4,051

Other
Countries

4,928

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

Total

40,57178,475

40.2%

5.2%

6.3%

51.7%

FY2009 Apr'09-Mar'10
Asia

Total sales to foreign customers

23,088North
America

4,856

Other
Countries

4,755

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

Total

32,69968,447

33.7%

7.1%

-7-

7.0%

47.8%

Business Results(1) Analysis of Consolidated Business Results
1. Overview
The business environment of the FDK Group (hereinafter called “FDK”) during the fiscal year
ending March 31, 2010 continued to be severe due to tough competition with overseas
manufacturers and order fluctuations during that period, although there was a trend towards a
gradual recovery that centered on Asian countries due to the economic measures and monetary
policies by many governments and the growth of China and India.
Due to these circumstances, FDK employed drastic business structural reforms, applying
selectivity and focus to its business areas, reviewing production and sales sites at home andabroad, reducing the workforce, aligning with other companies and reducing costs drastically
across the group. FDK implemented management reconstruction measures to turn around thedamaged net assets. These consisted of increasing capital by11 billion yen and by expanding andstrengthening the battery business by adding Ni-MH and lithium batteries.
As for FDK’s business results, net sales were 68,472 million yen, a substantial decrease of
10,027 million yen from the previous fiscal year. The decrease was due to the termination of someproducts through selectivity and the transfer of stepping motor business, which was completed
the previous fiscal year. However, business structural reforms improved the profitability of theelectronic device business while the battery business expansion also contributed to the profits.
Operating income was 2,398 million yen and increased 3,749 million yen. Income before income
taxes was 1,582 million yen and net income was 1,046 million yen.
The divisional sales overview is as follows.

2. Electronic Device Business
Sales of coil devices decreased from the previous year due to the slow-down in sales oftransformers for liquid crystal displays (LCDs) resulting from intensified price competition
and the reduced need for transformers with the increased use of LED screens, and forindustrial machinery, such as machine tools, although sales of devices for automobiles
increased. Sales of multilayer power inductors decreased from the previous year because of themarket downturn for digital cameras and intensified price competition. Sales of piezoelectriccomponents increased from the previous year due to a steady increase in sales of high-end
digital cameras which adopted these components for use in ultrasonic motors that can be
driven at low voltages, even though the total market for digital cameras was sluggish. Salesof toner increased from the previous year due to the recovery of orders. Sales of optical devices
decreased from the previous year due to the decline in market needs on new submarine cablesettlements and decline in product price. Sales of signal processing modules for LCDs decreased
greatly from the previous year due to production adjustments at the beginning and end of theperiod and a fall in sales prices.
As a result, sales for the electronic device business were 37,673 million yen, a decrease of 14,555
million yen from the previous fiscal year due to the termination of some products and the transferof the stepping motor business.

-8-3. Battery Business
While the consumer market was sluggish, sales of alkaline batteries remained the same as theprevious year due to aggressive sales activities for the “Fujitsu Alkaline Battery G. D. R Series”
in Japan and extended sales activities for OEM products in the global market. Sales of lithium
batteries increased from the previous year, due to the large increase in sales of smoke detectors
in Europe. As for the two new FDK businesses, FDK Twicell Co., Ltd and FDK Tottori Co., Ltd,
which consolidated to FDK in January, they contributed to business significantly due to the smoothtransition and integration under the direction of the newly-created Battery Business Division.
As a result, sales for the battery business were 30,773 million yen, an increase of 4,527 million
yen from the previous fiscal year.

4. Forecast for the Fiscal Year Ending March 31, 2011
For the FY2010 business environment, a difficult operating environment is expected tocontinue as price competition with overseas manufacturers, including growing Asian
manufacturers, is expected to be keen and fluctuation of orders and raw material prices will be
continued. Under these circumstances, FDK will improve profitability in its existing businessand implement a three year mid-term business plan that includes the two battery manufacturingsubsidiaries which recently became subsidiaries to enhance FDK’s battery business.
Our consolidated forecasts for the year ending March 31, 2011 are noted below. The exchange
rate is anticipated to be 87 yen per US dollar and 125 yen per Euro.

Net sales
Operating income
Net income(Millions of yen)
Year ending
Change from the year
ending March 31,2010(%)
March 31, 2011
97,000
41.7%
3,000
25.1%
2,000
91.7%

(2) Analysis of Financial Condition
1. Status of Assets, Liabilities and Net Assets
Total assets at the end of FY2009 increased 18,312 million yen from the end of the previous
fiscal year to 64,515 million yen. Current assets increased 9,079 million yen to 39,023 million yen.
Noncurrent assets increased 9,232 million yen to 25,492 million yen.
The principal causes for increased current assets were a 5,750 million yen increase in notes
and accounts receivable trade, a 2,121 million yen increase in works in process and a 1,051
million yen increase in merchandise and finished goods. The principal cause for increased
noncurrent assets was a 8,807 million yen increase in total property, plant and equipment.
Total liabilities at the end of FY2009 increased 6,519 million yen from the end of the previous
fiscal year to 61,257 million yen. Current liabilities increased 2,922 million yen from the end of
the previous fiscal year to 49,036 million yen. Noncurrent liabilities increased 3,596 million yen
from the end of the previous fiscal year to 12,221 million yen.
The principal cause of increased current liabilities was a 7,192 million yen increase in notes
and accounts payable trade, though there was a 4,340 million yen decrease in short-term loans
payable. The principal cause for increased non-current liabilities was a 3,605 million yen increasein negative goodwill.

-9-The interest-bearing debt decreased 4,931 million yen from the end of the previous fiscal year
to 24,963 million yen.
Total net assets at the end of FY2009 increased 11,793 million yen from the end of the previous
fiscal year to 3,258 million yen and thus cleared away excessive debt. The main factors for theincrease in total net assets were a 1,046 million yen increase in retained earnings by posting a
net income of FY2009, a 5,544 million increase in capital stock and a 5,455 million increase incapital surplus.

2. Cash Flow Condition
Net cash used in operating activities increased 211 million yen from the end of the previous
fiscal year due to an increase in cash and cash equivalents (“cash”) by posting income before
income taxes and depreciation and amortization, though some of the decrease in cash resulted
from a decrease in provisions for retirement benefits and an increase in inventories.
Net cash used in investment activities decreased 5,505 million yen from the end of the previous
fiscal year due to the purchase of investments in subsidiaries resulting in a change in scope of
consolidation.
Net cash used in financing activities increased 5,325 million yen from the end of the previous
fiscal year due to the increase in capital due to the issuance of new shares, though there was adecrease in short-term loans payable.
As a result, the balance of cash and cash equivalents at the end of the fiscal period was 7,411
million yen, a decrease of 92 million yen from the beginning of the fiscal year.

- 10 -