FOR IMMEDIATE RELEASE
July 30, 2009

Consolidated Financial Results for the First Quarter Ended June 30, 2009
(April 1, 2009 to June 30, 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, Business Strategy & Planning Department
E-mail: niida@fdk.co.jp
The Consolidated Financial Results is unaudited / U.S. GAPP is not applied

1.Consolidated Operating Results for the Three-Months Period Ended June 30, 2009a. Consolidated Statements of Operations
YenYen(millions)(millions)

U.S.Dollars(millions)Three months

Three months

FY2008Three Months

ended June 30,ended June 30,ended March 31,

ended June 30,

2009

2008

2009

2009

Net Sales

15,14822,46878,475

Operating Income (Loss)

(31)

(241)

(1,350)$157.79($0.32)

Income(Loss) Before Income Taxes

(171)

(145)

(11,817)($1.78)

(256)

(343)

(12,076)($2.67)(1.37) yen(2.69) yen(94.43)(1.42 cent)--and Minority Interests
Net Income (Loss)
Amounts Per Share of Common Stock:
Basic Earnings (Loss)
Diluted Earnings-gb. Consolidate Business Segment
Information
Yen

Yen(millions)(millions)

U.S.Dollars(millions)Three months

Three months

FY2008Three months

ended June 30,

ended June 30,

ended March 31,

ended June 30,

2009

2008

2009

2009

Electronic Devices

10,056

16,46352,229Batteries

5,092

6,005

26,245$53.04

Total

15,14822,46878,475$157.79c. Consolidated Balance SheetYen(millions)
As of June 30,

As of March 31,

2009

2009

Total Assets

43,027

46,203

Total Net Assets

2,145(8,534)

Shareholders' Equity

2,430

Shareholders' Equity Ratio
Shareholders' Equity
Per Share(8,312)%(19.7) %(43.37) yen(157.06) yen

3.7$104.75

d. Consolidated Statements of Cash Flows
Yen

Yen

(millions)(millions)Three months

Three months

FY2008,

ended June 30,ended June 30,

ended March 31,

2009

2008

2009

Net cash provided by

936

361

2,315

(159)

(439)

(267)

(2,475)

1,103(1,378)

5,779

8,691

7,504

operating activities
Net cash provided byinvesting activities
Net cash provided byfinancing 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 96yen=$1
3.Percentages in this statement present rate of change compared with the same period last year.

2. Others(1)Changes in significant subsidiaries during the period: No(Note)3 companies excluded from the consolidated subsidiaries: They are FDK MECHATRONICS CO., LTD.,
FDK (THAILAND) CO., LTD. and FDK TATUNG (THAILAND) CO., LTD.
(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 end of period
June 30, 2009 : 217,505,884 sharesMarch 31, 2009: 128,075,884 shares

2)Number of treasury shares at end of period
June 30, 2009 : 209,921 shares

March 31, 2009: 205,600 shares3)Weighted average number of shares outstanding during three months ended June 30 of each year.
June 30, 2009 : 187,815,847 shares

June 30, 2008: 127,918,231 shares

Consolidated Balance Sheets
Millions of yen
Q1/FY2009
Jun 30, 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
OtherAllowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, netTools, 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
OtherAllowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payableCurrent 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
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
Foreign currency translation adjustment
Total valuation and translation adjustments
Minority interests
Total net assets
Total liabilities and net assets

FY2008
Mar 31, 2009

5,786
15,578
1,767
725
1,820
20
1,514
(29)
27,184

7,517
15,708
1,545
800
1,547
37
2,813
(28)
29,943

5,060
4,646
707
2,172
563
122
13,272
590

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

141
10
39
1,817
(30)
1,979
15,842

249
4
25
1,892
(30)
2,140
16,25943,027

46,203

11,975
14,892
444
306
3,041
50
1,688
32,40011,89628,135
449
330
2,961
101
2,237
46,113

181712
5
7,454
127
8,481
40,882

204
774
4
7,513
127
8,624
54,73828,301
22,622(48,454)
(39)
2,430

22,756
17,167(48,197)(38)(8,312)7(861)
(853)
568
2,145

6(777)(770)
548(8,534)43,027

46,203

Consolidated Statements of Operations
Millions of yen
Q1/FY2008

Q1/FY2009

Apr'08-Jun'08

Apr'09-Jun'09

Net sales

22,46815,148

Cost of sales

20,122

13,374Gross profit

2,346

1,774

Selling, general and administrative expenses

2,587

1,805

Operating income (loss)

(241)

(31)

Interest income

145Foreign exchange gains

521

28

Rent income

97

Other

91

58

Total non-operating income

636

98

135

73

Stock issuance cost-53

Loss on retirement of noncurrent assets

Non-operating income

Non-operating expenses
Interest expenses

63

Amortization of net retirement benefit obligation at transition

319

-

Other

83

95

Total non-operating expenses

545

226(150)

(159)

-

39

Gain on sales of noncurrent assets

84-

Total extraordinary income

8439

Ordinary income (loss)
Extraordinary income
Gain on sales of subsidiaries and affiliates' stocks

Extraordinary loss
Business structure improvement expenses-51

Loss on valuation of inventories

79-

Total extraordinary loss

7951

Income (loss) before income taxes

(145)

(171)

Income taxes-current

101

64

Income taxes-deferred

80

7

Total income taxes

181

71

Minority interests in income1613(343)(256)

Net income (loss)

Consolidated Statements of Cash Flows
Millions of yen
Q1/FY2008

Q1/FY2009

Apr'08-Jun'08

Apr'09-Jun'09

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

(145)

(171)

Depreciation and amortization

852

531

Increase (decrease) in provision for retirement benefits

137

(59)

Increase (decrease) in allowance for doubtful accounts(0)0Interest and dividends income

(20)

(5)

Interest expenses

13573

Foreign exchange losses (gains)

(58)

7

Stock issuance cost

-53

Equity in (earnings) losses of affiliates

843

(78)

(3)

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

63

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

Decrease (increase) in notes and accounts receivable-trade

1,538

70

Decrease (increase) in inventories

(547)

(399)

(1,896)

105

Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in accrued expenses

(583)

(311)

Other, net

1,240

1,172

Subtotal

589

1,073

Interest and dividends income received

20

5Interest expenses paid

(87)

(57)

Income taxes paid

(160)

(85)

Net cash provided by (used in) operating activities

361

936

Net cash provided by (used in) investment activities
Payments into time deposits

(3)

(3)

Proceeds from withdrawal of time deposits-10

Purchase of property, plant and equipment

(658)

(312)

Proceeds from sales of property, plant and equipment

231

8

Purchase of intangible assets

(5)

(3)

Purchase of investment securities

(1)

(1)

Proceeds from sales of stocks of subsidiaries and affiliates-

150

Other, net

(1)

(7)

(439)

(159)

1,233

(13,225)

(39)

(109)

Proceeds from issuance of common stock-

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

Purchase of treasury stock

(0)

(0)

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

Cash dividends paid to minority shareholders(3)-Repayments of finance lease obligations

(85)

(85)

1,103

(2,475)

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

449

(26)

Cash and cash equivalents at beginning of year

1,474
7,217

(1,724)
7,504

Cash and cash equivalents at end of period

8,691

5,779

Net increase (decrease) in cash and cash equivalents

Consolidated business segment information
Millions of yen
Q1/FY2008 Apr'08-Jun'08
Electronicmaterials

Batteries

Total

Elimination

Consolidated

22,468Net sales
Unaffiliated customers

16,463

6,005

22,468------16,463

6,005

22,468-22,468

(470)

228

(241)

-

(241)

Elimination

Consolidated

15,148Intersegment
Total
Operating income (loss)

Q1/FY2009 Apr'09-Jun'09
Electronicmaterials

Batteries

Total

Net sales
Unaffiliated customers

10,056

5,092

15,148------10,056

5,092

15,148-15,148

(135)

103

(31)

-

(31)

Intersegment
Total
Operating income (loss)

Consolidated geographic segment information
Millions of yen
Q1/FY2008 Apr'08-Jun'08
Japan

North
America

AsiaEurope

Total

Elimination

Consolidated

22,468Net sales
Unaffiliated customers

11,487

9,994

385

601

22,468-Intersegment

2,702

5,056-

16

7,775(7,775)-

Total

14,19015,050385

617

30,244(7,775)

22,468

(454)

314

8(19)

(151)

(89)

(241)

Operating income (loss)

Q1/FY2009 Apr'09-Jun'09
JapanNorth
America

Asia

Elimination

Total

EuropeConsolidated

Net sales
Unaffiliated customers

7,811

6,816

170

349

15,148

907

1,463

15

72,393(2,393)

-

8,719

8,279

186

356

17,541(2,393)

15,148

(128)

162

(6)

(1)

26(57)(31)

Intersegment
Total
Operating income (loss)

Net overseas sales by customer's geographic location
Millions of yen
Q1/FY2008 Apr'08-Jun'08
Asia

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

10,861

North
America

1,050

OtherCountries

997

Total

12,90922,468

48.4%

4.7%

4.4%

57.5%

Q1/FY2009 Apr'09-Jun'09
Asia

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

6,179

North
America522

OtherCountries

770

Total

7,471
15,148

40.8%

3.4%

5.1%

49.3%

15,148

Business Results(1) Analysis of Consolidated Business Results
1. Overview
The business environment of the FDK Group (hereinafter called “FDK”)during the first quarter
ended June 30, 2009 continued severe situation due to the worldwide recession from the second
half of last year, though the recession has showed signs of bottomed out as stimulus measures
were implemented by many countries.
Under these circumstances, FDK proceeded to focus its business areas to power and highfrequency areas which are applied its competitive material technologies, consolidation ofbusiness bases, downsizing and thorough cost reductions.
As for FDK’s business results for the first quarter, net sales were 15,148 million yen, a decreaseof 7,320 million yen from the same period last year due to the reduction of orders from world
recession and the business transfer. Operating loss was 31 million yen, loss before income taxes
was 171 million yen and net loss was 256 million yen. In the comparison with the fourth quarterof FY2008, the amount of net loss was considerably reduced by the effect of business structuralreform.
(Reference)
Net SalesFirst qtr. in FY2008
Second qtr. in FY2008
Third qtr. in FY2008
Fourth qtr. in FY2008
First qtr. in FY2009

Operating

Income(Loss)Net

Income(Loss)

Before Income Taxes

Income(Loss)

Million yen

Million yen

Million yen

Million yen

22,46823,911
17,32014,774
15,148

(241)

(546)
(163)
(4,150)(2,357)
(171)

(343)
(433)
(3,574)(7,725)
(256)

306
(726)
(689)
(31)

The divisional sales overview is as follows.

2. Electronic Device Business
Sales of multilayer power inductors were decreased from the same period last year due to theslumping market situation of mobile phones. Sales of coil devices decreased from the same period
last year because of the rapid sales slowdown of transformers for the LCD televisions. Sales ofoptical devices also decreased from the same period last year due to the tough market situation in
optical submarine cable. Sales of DC-DC converters were increased from the same period lastyear due to the increased in sales of POL (Point-of-Load) converters while its market condition
remained very severe. Sales of coil devices increased from the same period last year due to theincreased sales for cameras. Sales of signal processing boards for LCDs decreased greatly fromthe same period last year due to production adjustments made by the LCD panel manufacturers.
As a result, sales for the electronic device business were 10,056 million yen, a 38.9% decrease
from the same period last year.

3. Battery Business
Sales of alkaline batteries, which are FDK’s core products in the battery business, decreased
from the same period last year due to the sales decline in North America and Europe as theseconsumer spending was very sluggish from the worldwide recession, while we made somepromotional activities for the “Fujitsu Alkaline Battery G. D. R Series” in Japan and some sales
activities in the global market. Sales of lithium batteries, remained the same period last year.
As a result, sales for the battery business were 5,092 million yen, a 15.2% decrease from thesame period last year.

4. Forecast for the Fiscal Year Ending March 31, 2010
In the first quarter ended June 30, 2009, FDK secured the forecasted amount of net sales underthe very severe business environment. Regarding the profit and loss, the result was much
improved than our forecast as our promotion of business structural reforms worked well. As forthe second quarter and thereafter, we expect continuous improvement on the profit and loss by
the business structural reforms. However, as it is very difficult to forecast the further market
trend at this moment, we do not change the current forecast which announced on April 28, 2009.
If we need to change our consolidated forecasts by the effects from future market conditions,customer trend and/or the promotion of the business structural reforms, we will disclose therevised forecasts immediately. The exchange rate used in the forecast of consolidated results is
90 yen per US dollar.
(% of change from previous year)
Net Sales

Million yen%

NetOperatingNet

IncomeIncome(Loss)

Million yen%

Million yen

Income(Loss)
Per share%yen

Six months ending September 30, 2009

31,500(32.1)

100

53.8(750)-(3.70)Year ending March 31, 2010

67,000(14.6)

2,150-

800-

3.81(2) Analysis of Financial Condition
Cash Flow Condition
Net cash provided by operating activities increased 936 million yen from the end of theprevious fiscal year by posting depreciation and amortization and an increase in notes andaccounts payable trade, though some of the decrease in cash and cash equivalents resulted fromposting loss before income taxes.
Net cash provided by investing activities decreased 159 million yen from the end of theprevious fiscal year due to an increase in purchase of property, plants and equipment.
Net cash provided by financing activities decreased 2,475 million yen from the end of theprevious fiscal year due to a net decrease in short-term loans payable, though there was someincrease by the issuance of common stocks
As a result, the balance of cash and cash equivalents at the end of June 30, 2009 was 5,779
million yen, as a decrease of 1,724 million yen compared with the end of the previous fiscal year.