(TRANSLATION FOR REFERENCE ONLY)FOR IMMEDIATE RELEASE
Apr. 26, 2023
Fiscal Year 2022 Consolidated Financial Results(April 1, 2022 to March 31, 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
Date of general shareholders' meeting (as planned): June 28, 2023
Annual securities report filing date (as planned): June 28, 2023
The Consolidated Financial Results is unaudited/U.S. GAPP is not applied
1. Consolidated Financial Results for FY2022 ended March 31, 2023
a. Consolidated Statements of Income
Yen(millions)
FY2021
FY2022(4/1/21-3/31/22)(4/1/22-3/31/23)
61,45662,784
Net Sales
2,083
789
Operating Profit
1,968
851
Ordinary Profit
740
318
Profit attributable to ownersof parent
Amounts Per Share of Common Stock:
Basic Earnings per share
Diluted Earnings per share
Rate of Return on Equity
Orginary Profit to Total Assets
Ratio
Operating Profit to Net Sales
Ratio

21.47 yen- yen
6.4 %4.1 %9.22 yen
- yen
2.5 %
1.8 %

3.4 %

1.3 %

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,
2022
2023
46,90347,13012,46013,196
12,454
13,19026.6 %
28.0 %
360.92 yen
382.26 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

FY2021(4/1/21-3/31/22)
2,177

FY2022(4/1/22-3/31/23)
2,783△ 3,920△ 2,978△ 2,780

△ 116

2,763

2,571

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

Change (%)
2.2△ 62.1△ 56.7△ 57.1

(TRANSLATION FOR REFERENCE ONLY)
d. Net Sales by Business Segment

Batteries
Electronic Devices
Total

Yen(millions)
FY2021(4/1/21-3/31/22)
43,082
18,37361,456

Yen(millions)
FY2022(4/1/22-3/31/23)
42,163
20,62062,784(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 previous fiscal 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

3. Others(1) Material changes in significant subsidiaries during the period: NoConsolidated Subsidiaries
9 companiesUnconsolidated Subsidiaries (equity method applied)
2 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, 2023: 34,536,302 shares
March 31, 2022: 34,536,302 shares
2) Number of treasury stock at the end of fiscal year
March 31, 2023: 30,232 shares
March 31, 2022: 29,738 shares
3) Average number of shares
March 31, 2023: 34,506,345 shares
March 31, 2022: 34,506,829 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 yenAssets
Current 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 assetsTotal 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

FY2021

FY2022

Mar 31, 2022

Mar 31, 2023
2,763
17,262
3,651
2,589
4,416
1,351
△ 37
31,995

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

5,314
5,341
797
2,181
137
259
14,032
275

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

200
182
217
600
14,908193
42179
415
15,307

46,90347,1309,625
4,684
12,190
66
1,774
681
2,429
31,4509,752
4,656
12,140
63
1,459
499
2,357
30,928

84
301
2,288
168
150
2,992
34,443

20
381
1,984
162
456
3,005
33,93331,70926,225△ 45,432△ 50
12,451

31,70926,225△ 45,114△ 50
12,769431,564△ 1,6052
5
12,46034
1,825△ 1,439420
6
13,196

46,90347,130Consolidated Statement of Income
Millions of yen
FY2021

FY2022

Apr'21-Mar'22

Apr'22-Mar'23

Net sales

61,45662,784

Cost of sales

49,80352,662Gross profit

11,652

10,121

Selling, general and administrative expenses

9,569

9,332

Operating profit

2,083

789

Interest income

727

Dividend income

327

Subsidy income

37

37

Foreign exchange gains-122

Gain on sale of non-current assets

13

Rental income

1125

Gain on sale of scraps

1821

Other

61

56

Total non-operating income

142

321

Interest expenses

99

105

Foreign exchange losses

79-

Loss on retirement of non-current assets

67

137

Other

1016

Non-operating income

Non-operating expenses

Total non-operating expenses

256

259

1,968

851

Gain on liquidation of subsidiaries and associates

459-

Gain on sale of shares of subsidiaries and associates

139

Ordinary profit
Extraordinary income

Subsidy income

-200

472

209

Impairment losses

1,213

145

Total extraordinary losses

1,213

145

Profit before income taxes

Total extraordinary income
Extraordinary losses

1,228

916

Income taxes-current

542

393

Income taxes-deferred

△ 55

204

Total income taxes

487

597

Profit740

318

Profit (loss) attributable to non-controlling interests△00

Profit attributable to owners of parent

740

318

Consolidated Statement of Comprehensive Income
Millions of yen
FY2021

FY2022

Apr'21-Mar'22

Apr'22-Mar'23

740

318

4

△8

Foreign currency translation adjustment

679

260

Remeasurements of defined benefit plans, net of tax

187

165

ProfitOther comprehensive income
Valuation difference on available-for-sale securities

Total Other comprehensive income

870

418

1,611

736

Comprehensive income attributable to owners of parent

1,611

736

Comprehensive income attributable to non-controlling interests△00

Comprehensive income（Comprehensive income attributable to）

Consolidated Statement of Changes in Equity
Millions of yen
FY2021 (Apr'21-Mar'22)
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

31,70926,25731,70926,257

Total
shareholders'equity

Treasury shares△ 46,166△6△ 46,173△ 49△ 49740△0△ 3231,709△ 32
26,225△0△ 50740△ 45,432

11,750△611,743740△0△ 32707
12,451

Accumulated other comprehensive income
Valuation difference Foreign currency
Remeasurements oftranslation
on available-for-saledefined benefit plansadjustment
securities

Total Accumulated
othercomprehensive
incomeNon-controllinginterests

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 balanceNet assets

38885△ 1,792△ 868

538885△ 1,792△ 868

510,888△610,881△0△05740△0△ 32870
1,578
12,4604443679679
1,564187
187△ 1,605870
870
2

Consolidated Statement of Changes in Equity
Millions of yen
FY2022 (Apr'22-Mar'23)
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

Total
shareholders'equity

Treasury shares

31,70926,225△ 45,432△ 5012,451

31,70926,225△ 45,432△ 5012,451

△0318
△0△0
△ 50

317
12,769318

31,70926,225318△ 45,114

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 Foreign currency
Remeasurements oftranslation
on available-for-saledefined benefit plansadjustment
securities

Total Accumulated
othercomprehensive
incomeNon-controllinginterests

Net assets

431,564△ 1,605

2512,460

431,564△ 1,605

2512,460
318△0△8△834260
260
1,825

165
165
△ 1,439

418
418
420

006418736
13,196

Consolidated Statement of Cash Flows
Millions of yen
FY2021

FY2022

Apr'21-Mar'22

Apr'22-Mar'23

Cash flows from operating activities
Profit before income taxes

1,228916

Depreciation

2,367

2,291

Impairment losses

1,213145

Loss (gain) on sale of shares of subsidiaries and associates△ 13△9Loss (gain) on liquidation of subsidiaries and associates

△ 459

-

Increase (decrease) in retirement benefit liability

△ 387

△ 418

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

1△7△ 11△ 54

Interest expenses

99105

Foreign exchange losses (gains)△1△3Loss (gain) on sale of property, plant and equipment△1△2Loss on retirement of non-current assets

67137

△ 37

△ 237

Subsidy income
Decrease (increase) in trade receivables
Decrease (increase) in inventories

△ 465

1,398

△ 2,222△ 124

Increase (decrease) in trade payables

880

△ 266

Increase (decrease) in accrued expenses

△ 25

△ 129

Other, net

191

△ 601

Subtotal

2,423

3,138

Interest and dividends received

1154

Subsidies received

37237

Interest paid

△ 100

△ 105

Income taxes paid

△ 194

△ 542

Net cash provided by (used in) operating activities

2,177

2,783

△ 3,826△ 2,804

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

34△ 137△ 183

Purchase of investment securities△5△5Proceeds from sale of shares of subsidiaries and associates

4310Other, net

20△ 3,920△ 2,978△ 2,710△ 50

Purchase of intangible assets

Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Purchase of treasury shares△0△0Repayments of finance lease liabilities

△ 69

△ 66

△ 2,780△ 116Net cash provided by (used in) financing activities

284119Net increase (decrease) in cash and cash equivalents△ 4,238△ 192

Cash and cash equivalents at beginning of period

7,001

2,763

Cash and cash equivalents at end of period

2,763

2,571

Effect of exchange rate change on cash and cash equivalents

Consolidated Business Segment Information
Millions of yen
FY2021 Apr'21-Mar'22
Business Segments Reported
Electronic
Batteries
Materials

Total

Adjustments

Consolidated
Statements

Net salesJapan

21,427

14,11135,538-35,538

Asia

6,793

4,212

11,005-

11,005

Americas5,228-5,228-

5,228

Europe

9,603

49

9,652

-

9,652

Other

31-

31-

31

43,082

18,37361,456-61,456

-

--

-

-

43,082

18,37361,456-61,456

Revenue from contracts with customers
Other revenue
Unaffiliated customers

---

-

-

Total

Intersegment

43,082

18,37361,456-61,456

Segment profit

1,221

861

2,083

-

2,083

Segment assets

34,25811,45445,713

1,190

46,903

Other items

Depreciation

2,047

320

2,367

-

2,367

Increase in property, plant and equipment and intangible ass

2,054

462

2,516

-2,516

Adjustments

ConsolidatedStatements

FY2022 Apr'22-Mar'23
Business Segments Reported
ElectronicBatteries
Materials

Total

Net salesJapan

22,405

16,57538,980-38,980

Asia

7,638

4,045

11,684-

11,684

Americas4,235-

4,235

-

4,235

Europe

7,826

-

7,826

-

7,826

Other57

-

57

-

57

42,163

20,62062,784-62,784

Revenue from contracts with customers
Other revenue
Unaffiliated customers
Intersegment

---

-

-

42,163

20,62062,784-62,784

-

----

Total

42,163

20,62062,784-62,784

Segment profit△ 183972789-

789

Segment assets

34,36011,57045,9301,199

47,130Depreciation

1,956

335

2,291

-

2,291

Increase in property, plant and equipment and intangible ass

2,609

431

3,041

-

3,041

Other items