(TRANSLATION FOR REFERENCE ONLY)FOR IMMEDIATE RELEASE
Apr. 24, 2024
Fiscal Year 2023 Consolidated Financial Results(April 1, 2023 to March 31, 2024)
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 26, 2024
Annual securities report filing date (as planned): June 26, 2024
The Consolidated Financial Results is unaudited/U.S. GAPP is not applied
1. Consolidated Financial Results for FY2023 ended March 31, 2024
a. Consolidated Statements of Income
Yen(millions)
FY2022
FY2023(4/1/22-3/31/23)(4/1/23-3/31/24)
62,78462,676Net Sales
789
568
Operating Profit
851
720
Ordinary Profit
318
120
Profit attributable to ownersof parentAmounts 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

9.22 yen- yen
2.5 %
1.8 %

3.50 yen- yen
0.8 %
1.5 %

1.3 %

0.9 %

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,
2023
2024
47,13051,556
13,196
15,645
13,19015,54328.0 %
30.1 %
382.26 yen
450.45 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

FY2022(4/1/22-3/31/23)
2,783

FY2023(4/1/23-3/31/24)
1,620△ 2,978△ 2,533

△ 116

1,813

2,571

3,715

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

Change (%)△ 0.2△ 28.0△ 15.5△ 62.1

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

Batteries
Electronic Devices
Total

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

Yen(millions)
FY2023(4/1/23-3/31/24)
47,72914,94762,676(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, 2025
(Million of yen, except per share data)
Net Sales
Operating Profit
Ordinary Profit
Profit attributable to owners of parent
Basic Earnings Per ShareFY2024
Change from FY2023
63,0000.5 %
1,000
75.9 %
800
11.1 %
200
65.7 %
5.80 yen- yen

FY202362,676568
720
120
3.50 yen

3. Others(1) Material changes in significant subsidiaries during the period: Yes
Consolidated Subsidiaries
10 companies
Unconsolidated 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, 2024: 34,536,302 shares
March 31, 2023: 34,536,302 shares
2) Number of treasury stock at the end of fiscal year
March 31, 2024: 30,665 shares
March 31, 2023: 30,232 shares
3) Average number of shares
March 31, 2024: 34,505,858 shares
March 31, 2023: 34,506,345 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, 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 assets
Total 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 incomeValuation 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

FY2022

FY2023

Mar 31, 2023

Mar 31, 2024
2,571
16,222
2,965
3,118
4,843
2,135
△ 32
31,822

3,715
19,171
2,858
3,430
5,595
1,866
△ 44
36,593

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

5,835
4,721
1,012
2,193
72323
14,158
374

193
42179
415
15,307234
4515042914,962

47,13051,556

9,752
4,656
12,140
63
1,459
499
2,357
30,928

10,876
4,323
14,47540
1,610366
2,527
34,219

20
381
1,984
162
456
3,005
33,933

40
412
715
156
365
1,691
35,911

31,70926,225△ 45,114△ 50
12,76931,70926,225△ 44,993△ 51
12,88934
1,825△ 1,439420
6
13,196

59
2,758
△ 164
2,653
102
15,645

47,13051,556

Consolidated Statement of Income
Millions of yen
FY2022

FY2023Apr'22-Mar'23

Apr'23-Mar'24

Net sales

62,78462,676

Cost of sales

52,662

52,749Gross profit

10,121

9,927

Selling, general and administrative expenses

9,332

9,358

789

568

Interest income

2764

Dividend income

27

23

Subsidy income

37-Foreign exchange gains

Operating profit
Non-operating income

122

110

Gain on sale of non-current assets

34

Rental income

2532

Gain on sale of scraps

2115

Other

56

60

Total non-operating income

321

311

Interest expenses

105

119

Loss on retirement of non-current assets

137

26

Other

16

14

Total non-operating expenses

259

160

851

720

Gain on bargain purchase-517

Gain on sale of shares of subsidiaries and associates

9-

Subsidy income

200

128

Total extraordinary income

209646

Impairment losses

145

718

Total extraordinary losses

145

718

Profit before income taxes

916

647

Income taxes-current

393

369

-

140

Income taxes-deferred

204

16

Total income taxes

597

526

Profit318

121

Non-operating expenses

Ordinary profit
Extraordinary income

Extraordinary losses

Income taxes for prior periods

Profit attributable to non-controlling interests
Profit attributable to owners of parent

00318

120

Consolidated Statement of Comprehensive Income
Millions of yen
FY2022

FY2023Apr'22-Mar'23

Apr'23-Mar'24

318

121

Valuation difference on available-for-sale securities△824

Foreign currency translation adjustment

260

932

Remeasurements of defined benefit plans, net of tax

165

1,275

ProfitOther comprehensive income

Total other comprehensive income
Comprehensive income

418

2,231

736

2,352

736

2,353

0

△0（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
FY2022 (Apr'22-Mar'23)
Shareholders' EquityCapital stock

Beginning 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

31,709Retained earnings

26,225

Total
shareholders'equity

Treasury shares△ 45,432△ 50

12,451

△0318
△0

△0
△ 50

317
12,769318

31,70926,225318△ 45,114

Accumulated other comprehensive income

Beginning balance
Changes during period
Profit attributable to owners of parent
Purchases of treasury sharesChange 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△ 1,605

2543

1,564

Net assets

12,460318△0△8△834260
260
1,825

165
165
△ 1,439

418
418
420

006418736
13,196

Consolidated Statement of Changes in Equity
Millions of yen
FY2023 (Apr'23-Mar'24)
Shareholders' EquityCapital stock

Beginning 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

31,70926,225Retained earnings

Treasury shares△ 45,114△ 50

12,769△0120△0△0△ 51120
12,889120

31,70926,225120△ 44,993

Total
shareholders'equity

Accumulated other comprehensive income

Beginning 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△ 1,439420

613,196

96△095102120
△084
2,243
2,448
15,64534242459

1,825△ 11944
933
2,758

1,275
1,275
△ 164

△ 11
2,244
2,232
2,653

Net assets

Consolidated Statement of Cash Flows
Millions of yen
FY2022

FY2023Apr'22-Mar'23

Apr'23-Mar'24

Cash flows from operating activities
Profit before income taxes
Depreciation

916

647

2,291

2,405

Impairment losses

145718Loss (gain) on sale of shares of subsidiaries and associates△9-△ 418△ 415

Increase (decrease) in retirement benefit liability
Increase (decrease) in allowance for doubtful accounts△75Interest and dividend income

△ 54

△ 87

Interest expenses

105

119

Foreign exchange losses (gains)△3△1

Loss (gain) on sale of property, plant and equipment△2△4Loss on retirement of non-current assets

13726-△ 517

Gain on bargain purchase
Subsidy income

△ 237

△ 128

Decrease (increase) in trade receivables

1,398△ 1,286

Decrease (increase) in inventories

△ 124

△ 77

Increase (decrease) in trade payables

△ 266

△ 31

Increase (decrease) in accrued expenses

△ 129

△ 267

Other, net△ 601937

Subtotal

3,138

2,042

Interest and dividends received

5487

Subsidies received

237

128

Interest paid

△ 105

△ 115

Income taxes paid

△ 542

△ 523

Net cash provided by (used in) operating activities

2,783

1,620

△ 2,804△ 2,040

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

45△ 183△ 18△5△5Purchase of shares of subsidiaries resulting in change in scope of consolidat

-

△ 475

Proceeds from sale of shares of subsidiaries and associates

10-

Other, net△00△ 2,978△ 2,533
1,887

Purchase of intangible assets
Purchase of investment securities

Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings△ 50

Purchase of treasury shares△0△0

Repayments of finance lease liabilities△ 66△ 73

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

1,813119243

Net increase (decrease) in cash and cash equivalents

△ 192

1,144

Cash and cash equivalents at beginning of period

2,763

2,571

Cash and cash equivalents at end of period

2,571

3,715

Effect of exchange rate change on cash and cash equivalents

Consolidated Business Segment Information
Millions of yen
FY2022 Apr'22-Mar'23
Business Segments Reported
ElectronicBatteries
Materials

TotalAdjustments

ConsolidatedStatements

Net sales
Japan22,405

16,57538,980-38,980

Asia

7,638

4,045

11,684-

11,684

Americas

4,235-

4,235-

4,235

Europe

7,826

-

7,826

-

7,826

Other57

-

57

-

57

42,163

20,62062,784-62,784

-

--

-

-

42,163

20,62062,784-62,784

-

-

-

-

-

Revenue from contracts with customers
Other revenue
Unaffiliated customers
Intersegment
Total

42,163

20,62062,784-62,784

Segment profit (loss)

△ 183

972

789

-

789

Segment assets

34,36011,57045,9301,199

47,130Depreciation

1,956

335

2,291-

2,291Increase in property, plant and equipment and intangible assets

2,609

431

3,041-

3,041

Adjustments

ConsolidatedStatements

Other items

FY2023 Apr'23-Mar'24
Business Segments Reported
ElectronicBatteries
Materials

Total

Net salesJapan

23,692

12,06735,759-35,759

Asia

8,089

2,826

10,916-

10,916

Americas

5,451-

5,451-

5,451

Europe10,43253

10,485-

10,485

Other

63-

63-

63

47,72914,94762,676-

62,676

Revenue from contracts with customers
Other revenue
Unaffiliated customers
Intersegment
Total-----

47,72914,94762,676-

62,676-----47,72914,94762,676-

62,676

Segment profit

262

306

568

-

568

Segment assets

40,8989,064

49,962

1,594

51,556

Depreciation

2,124

281

2,405

-

2,405

Increase in property, plant and equipment and intangible assets

1,915

295

2,210

-

2,210

Other items