Press Release
November 4, 2014
To Whom It May Concern:
Funai Electric Co., Ltd.
Representative Director
President and CEO: Tomonori Hayashi(Code No.: 6839 First Section of TSE)

Funai Electric Announces Differences between Forecasts andActual Performance for the First Six Months of the Fiscal Year Ending March 31,
2015, the Recording of Non‐operating Income (Exchange Gains), andRevision of the Full‐Year Consolidated Operating Performance Forecasts
The following changes have been made to the forecast of consolidated operating results announced on May12, 2014.

1. Revisions to the Second Quarter (2Q) Year­to­Date (YTD) Consolidated Earnings Forecast(April 1, 2014 to September 30, 2014)
Net Sales
Previous Forecast announced on
May 12, 2014 (A)Actual performance (B)OperatingIncomeOrdinary
Income(Units: Millions of Japanese Yen)
Net Income
Net Income
Per Share

93,700

500

400

200

5.86

115,808

1,332

2,785

2,624

76.94

Net Change (B‐A)

22,108832

2,3852,424

Net Change (%)

23.60

166.43596.471212.48

120,570567

2,163612(Reference)
Actual for the Previous Term
(FY2013 September 30, 2013)

17.96

2. Revisions to the Full‐Year Consolidated Earnings Forecast (April 1, 2013 to March 31, 2014)
Net Sales
Previous Forecast announced on
May 12, 2014 (A)Current Revised Forecast (B)OperatingIncome

OrdinaryIncome(Units: Millions of Japanese Yen)
Net Income
Net Income
Per Share

200,000500

400

100.29203,000

500

1,400

900

26.38

Net Change (B‐A)

3,000－

1,000890

Net Change (%)

1.5－

250.008900.00

232,042(5,465)(2,253)(6,745)(Reference)
Actual for the Previous Term
(FY2013 March 31, 2014)(197.70)

3. Reasons for Differences between Forecast and Actual Figures for the First Six Months of theFiscal Year
During the first six months of the fiscal year ending March 31, 2015, due to continuing economic
recovery in the U.S., a key market for the Funai Group, the Company’s net sales exceeded the previous
forecast as a result of an increase in screen sizes and strong shipments of LCD TVs, a key product, aheadof the peak year‐end selling season. Operating income was also higher than the previous forecast due tofactors including the impact of a net sales increase coupled with improved efficiency from selective
reduction of the range of audio accessories to high‐selling items and rigorous inventory control.
Ordinary income and net income also exceeded the previous forecasts because of the abovementioned
factors and exchange gains resulting from yen depreciation.

4. Recording of Non‐operating Income (Exchange Gains)
As a result of weakening of the yen in the foreign exchange market, the Company recorded foreignexchange gains of JPY 1,397 million as non‐operating income in the consolidated results for the first six
months of the fiscal year ending March 31, 2015. This is the amount of foreign exchange gains at theend of the first six months of the fiscal year ending March 31, 2015 and will change according to future
conditions in the foreign exchange market.

5. Reasons for Revising Operating Performance Forecasts for the Full Fiscal Year
Although the economy of the United States in the first six months of the year was as described above, atthe present time retail sales are below the prior‐year level, and the outlook for the second‐half businessenvironment remains uncertain. Although the Company has therefore left the previous forecast for
operating income unchanged, it has revised the previously announced forecasts for ordinary incomeand net income taking into account the continuing impact of yen depreciation.
(Note)The earnings forecast is based on information available to the Group at the time such forecast is made, andcontains risk and uncertainty. Actual results may differ from the forecast due to a variety of factors includingchanges in the economic conditions of overseas markets such as the United States (a key market for theGroup), and significant fluctuations in product prices and foreign exchange.

For further information, please contact

Tetsuhiro Maeda
Representative Director, Officer, and General Manager of Corporate Planning Division
Investor and Public Relations OfficeE‐mail: investor_relations@funai.co.jp