FOR IMMEDIATE RELEASE
Apr. 27, 2021
Fiscal Year 2020 Consolidated Operating Results(April 1, 2020 to March 31, 2021)
FDK CORPORATION
Listing Code No. 6955 (Listing Stock Exchange: 2nd Section of Tokyo Stock Exchange)
Address: Shibaura Crystal Shinagawa, 1-6-41 Konan, Minato-ku, Tokyo 108-8212 Japan
Contact: Corporate Business Planning Dept.
E-mail: prir-tyo@fdk.co.jp
Date of general shareholders' meeting (as planned): June 24, 2021
Annual securities report filing date (as planned): June 24, 2021
The Consolidated Financial Results is unaudited/U.S. GAPP is not applied
1. Consolidated Operating Results for FY2020 ended March 31, 2021
a. Consolidated Income statements
Yen(millions)
FY2019FY2020(4/1/19-3/31/20)(4/1/20-3/31/21)
62,12361,543
Net Sales
841
1,743
Operating Profit
565
1,274
Ordinary Profit(2,340)2,009
Profit (Loss) attributable to ownersof parent
Amounts Per Share of Common Stock:
Basic Earnings (Loss) per share
Diluted Earnings per share
Rate of Return on Equity
Orginary Profit to Total Assets
Ratio
Operating Profit to Net Sales
Ratio(67.82) yen- yen(27.5) %1.1 %58.24 yen- yen
22.8 %
2.7 %

1.4 %

2.8 %

(URL: https://www.fdk.com)

Change (%)-0.9 %
107.3
125.5-U.S.Dollars(millions)
FY2020(4/1/20-3/31/21)$581.75$16.48$12.04$18.9955.05 cent-b. Consolidated Financial Positions

Total Assets
Net Assets
Owner's Equity
Capital Adequacy Ratio
Net Assets Per ShareYen(millions)
As of Mar. 31,
As of Mar. 31,
2020
2021
47,68548,064
6,739
10,8886,734
10,882
14.1 %
22.6 %
195.16 yen
315.37 yenc. Consolidated Cash FlowsYen(millions)
Cash Flows fromOperating Activites
Cash Flows from
Investing Activites
Cash Flows from
Financing Activites
Cash and Cash Equivalents
at End of Period

FY2019(4/1/19-3/31/20)
2,799

FY2020(4/1/20-3/31/21)
1,996(2,390)(373)

99(4,077)

9,063

7,001

Yen(millions)
FY2019(4/1/19-3/31/20)
45,065
17,057
62,123Yen(millions)
FY2020(4/1/20-3/31/21)
45,58015,96361,543d. Net Sales by Business Segment

Batteries
Electronic Devices
Total(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=105.79 yen.
3. The percentage in this statement presents rate of change compared with the previous fiscal year.

U.S.Dollars(millions)
FY2020(4/1/20-3/31/21)$430.85$150.89$581.75

2. Consolidated Forecast for the year ending March 31, 2022
(Million of yen, except per share data)
Net Sales
Operating Profit
Ordinary Profit
Profit attributable to owners of parent
Basic Earnings Per ShareFY2021
Change from FY2020
60,000-2.5 %1,900
9.0 %
1,500
17.7 %
1,600-20.4 %
46.37 yen
- yen

FY202061,543
1,743
1,274
2,009
58.24 yen

3. Others(1) Material changes in significant subsidiaries during the period: Yes.
Consolidated Subsidiaries
11 companies
Unconsolidated Subsidiaries (equity method applied)
3 companies
Affiliates (equity method applied only)
0 companies(2) Changes in accounting policies, changes in accounting estimates, and retrospective restatements
1) Changes in accounting policies based on revisions of accounting standards: 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(3) Number of issued and outstanding shares (common stock)1) Number of issued and outstanding shares at the end of fiscal year. (including treasury stock)
March 31, 2021: 34,536,302 shares
March 31, 2020: 34,536,302 shares
2) Number of treasury stock at the end of fiscal year
March 31, 2021: 29,057 shares
March 31, 2020: 28,537 shares
3) Average number of shares
March 31, 2021: 34,507,561 shares
March 31, 2020: 34,508,154 shares(Notes)1. This information is a summary of the earnings report. It does not contain all details included in the earnings reportdisclosed in Japanese.

Consolidated Balance Sheet
Millions of yen

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
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, netLand
Leased 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 non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded obligations - operating
Short-term borrowings
Lease obligations
Accounts payable-other
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Lease obligations
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

FY2019FY2020Mar 31, 2020

Mar 31, 2021

9,063
15,347
2,569
2,302
2,905
1,163
(26)
33,326

7,001
15,986
2,786
2,109
3,169
1,323
(33)
32,344

5,735
4,135
697
2,531
203
91
13,395
466

5,675
4,632
852
2,185
233
1,198
14,776
434

165
1
26
305
(0)
498
14,359

219
38
251
509
15,71947,68548,0649,044
3,561
18,800
184
1,479
292
2,733
36,095

8,739
3,987
14,900
69
3,038
313
2,729
33,779

198
197
3,884
187
384
4,850
40,946

150
349
2,603
192
100
3,396
37,17531,70926,376(48,176)
(48)
9,860

31,70926,257(46,166)(49)
11,7504(110)(3,021)(3,126)
5
6,739

38
885
(1,792)(868)
510,88847,68548,064

Consolidated Statement of Income
Millions of yen
FY2019FY2020

Apr'19-Mar'20

Apr'20-Mar'21

Net sales

62,12361,543

Cost of sales

50,97650,120Gross profit

11,146

11,423

Selling, general and administrative expenses

10,305

9,679

841

1,743

Interest income28

26

Foreign exchange gains

69-

Dividend income-18

Gain on sales of non-current assets

364

Rental income

28

18

Other9556

Total non-operating income225

183

136

123-

438

Share of loss of entities accounted for using equity method

15-

Loss on retirement of non-current assets

284

35

Other

65

55

Total non-operating expenses

501

653

565

1,274-

968

331-

331

968

1,317

15

Business restructuring expenses

864-

Loss on sale of businesses

745-

Total extraordinary losses

2,926

15(2,030)

2,227

Income taxes-current

256

223

Income taxes-deferred

52

(5)

Total income taxes

309

217

(2,339)2,010

10(2,340)

2,009

Operating profit
Non-operating income

Non-operating expensesInterest expenses
Foreign exchange losses

Ordinary profit
Extraordinary income
Gain on sales of shares of subsidiaries and associates
Gain on sales of investments in capital of subsidiaries andassociates
Total extraordinary income
Extraordinary losses
Impairment loss

Profit (loss) before income taxes

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

Consolidated Statement of Comprehensive Income
Millions of yen

Profit (loss)

FY2019FY2020

Apr'19-Mar'20

Apr'20-Mar'21(2,339)

2,010

Valuation difference on available-for-sale securities

(22)

33

Foreign currency translation adjustment

(497)

995

Remeasurements of defined benefit plans, net of tax

(255)

1,228

Share of other comprehensive income of entities accounted for using equity method(419)-(1,195)

2,258(3,534)

4,268(3,535)

4,267

10

Other comprehensive income

Total Other comprehensive income
Comprehensive income（Comprehensive income attributable to）
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

Consolidated Statement of Changes in Equity
Millions of yen
FY2019 (Apr'19-Mar'20)
Shareholders' Equity
Capital stock

Beginning balance
Cumulative effects of changes in accounting policies
Restated balance
Changes during period
Loss attributable to owners of parent
Purchases of treasury shares
Change in scope of consolidation
Net changes in items other than shareholders' equity
Total changes during periodEnding balance

Capital surplus

Retained earnings

31,70926,37631,70926,376(45,829)(5)(45,835)

Treasury shares

(48)
(48)

(2,340)(0)31,70926,376(2,340)(48,176)

(0)
(48)

Total
shareholders'equity12,207(5)
12,201(2,340)(0)(2,341)9,860

Accumulated other comprehensive income

Beginning balance
Cumulative effects of changes in accounting policies
Restated balance
Changes during period
Loss attributable to owners of parent
Purchases of treasury shares
Change in scope of consolidation
Net changes of items other than shareholders' equity
Total changes during periodEnding balance

Total Accumulated
Remeasurements ofotherdefined benefit plans comprehensive
incomeNon-controllinginterests

Valuation difference
on available-for-salesecurities

Foreign currencytranslationadjustment

27806(2,765)(1,931)427806(2,765)(1,931)

4

10,280(5)
10,274115(2,340)(0)(1,193)(3,535)
6,739

(22)
(22)
4(916)
(916)
(110)

(255)
(255)
(3,021)(1,195)(1,195)(3,126)

Net assets

Consolidated Statement of Changes in Equity
Millions of yen
FY2020 (Apr'20-Mar'21)

Shareholders' Equity
Capital stock

Beginning balance

Cumulative effects of changes in accounting policies
Restated balance
Changes during period
Profit attributable to owners of parent
Purchases of treasury shares
Change in scope of consolidation
Net changes of items other than shareholders' equity
Total changes during periodEnding balance

Capital surplus

Retained earnings

31,70926,37631,70926,376(48,176)(48,176)

Treasury shares

(48)
(48)

2,009
(0)
(119)
31,709(119)
26,2572,009(46,166)

(0)
(49)

Total
shareholders'equity

9,860
9,860
2,009
(0)
(119)
1,889
11,750

Accumulated other comprehensive income

Beginning balance
Cumulative effects of changes in accounting policies
Restated balance
Changes during period
Profit attributable to owners of parent
Purchases of treasury shares
Change in scope of consolidation
Net changes of items other than shareholders' equity
Total changes during periodEnding balance

Valuation difference
on available-for-salesecurities

Foreign currencytranslation
adjustment

Remeasurements ofdefined benefit plans

Total Accumulated
othercomprehensive
incomeNon-controllinginterests

4(110)(3,021)(3,126)5

4(110)(3,021)(3,126)

5

6,739
6,739

0
0
5

2,009
(0)
(119)
2,258
4,148
10,888

33
33
38

995
995
885

1,228
1,228
(1,792)

2,258
2,258
(868)

Net assets

Consolidated Statement of Cash Flows
Millions of yen
FY2019FY2020

Apr'19-Mar'20

Apr'20-Mar'21

Cash flows from operating activities
Profit (loss) before income taxes(2,030)2,227

Depreciation

2,131

1,984

Impairment loss

1,317

15-(968)

Increase (decrease) in net defined benefit liability

(865)

(414)

Increase (decrease) in allowance for doubtful accounts

(73)

4

Interest and dividend income

(41)

(29)

Interest expenses

136

123

Foreign exchange losses (gains)0(0)Share of loss(profit) of entities accounted for using equity method

15-

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

(3)

(64)

Loss on retirement of non-current assets

284

35

Loss (gain) on sale of businesses

745-

Loss (gain) on sale of shares of subsidiaries and associates

(331)

--

(18)

2,777

(175)

Decrease (increase) in inventories

788(1,073)

Increase (decrease) in trade payables(1,178)364

Increase (decrease) in accrued expenses

(208)

288

Other, net

(329)

41

Subtotal

3,134

2,340

Interest and dividend received

41

29

Proceeds from subsidy income-18Interest paid(138)(126)

Income taxes paid

(238)

(265)

Net cash provided by (used in) operating activities

2,799

1,996

(1,154)(2,142)

Proceeds from sales of property, plant and equipment

21114

Purchase of intangible assets

(59)

(15)

Purchase of investment securities

(4)

(4)

Proceeds from sales of shares of subsidiaries and associates

-

1,674

Proceeds from sales of shares of investments in capital of subsidiaries and associates

7-(1,205)-4(0)(2,390)(373)

Net increase (decrease) in short-term borrowings

400(3,900)Purchase of treasury shares

(0)

(0)

(300)

(176)

99(4,077)

Effect of exchange rate change on cash and cash equivalents

(178)

392

Net increase (decrease) in cash and cash equivalents

328(2,061)

Cash and cash equivalents at beginning of period

8,734

9,063

Cash and cash equivalents at end of period

9,063

7,001

Loss (gain) on sale of shares of subsidiaries and associates

Subsidy income
Decrease (increase) in trade receivables

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

Payments for transfer of business
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities

Repayments of finance lease obligations
Net cash provided by (used in) financing activities

Consolidated Business Segment Information
Millions of yen
FY2019 Apr'20-Mar'21
Business Segments Reported
ElectronicBatteries
Materials

Total

Adjustments

Consolidated
Statements

Net sales
Unaffiliated customers

45,065

17,057

62,123-62,123

-----

Total

45,065

17,057

62,123-62,123

Segment profit (loss)

1,514(673)

841

-841

Segment assets

29,943

13,60843,552

4,133

47,685

1,859

2722,131-

2,131-

----

1,181

239

1,421

-

1,421

Adjustments

Consolidated
Statements

Intersegment

Other items
Depreciation
Investment to entities accounted for using equity method
Increase in property, plant and equipment and intangible assets

FY2020 Apr'20-Mar'21
Business Segments Reported
ElectronicBatteries
Materials

Total

Net sales
Unaffiliated customers

45,58015,96361,543-61,543

-----

Total

45,58015,96361,543-61,543

Segment profit

1,429

314

1,743

-

1,743

Segment assets

31,815

13,83045,646

2,418

48,0641,746

238

1,984

-

1,984-----

3,683

164

3,847

-

3,847

Intersegment

Other items
Depreciation
Investment to entities accounted for using equity method
Increase in property, plant and equipment and intangible assets