FOR IMMEDIATE RELEASE
July 28, 2021
Consolidated Financial Results for the First Quarter Ended June 30, 2021
(April 1, 2021 to June 30, 2021)
FDK CORPORATION
Listing Code No. 6955 (Listing Stock Exchange: The Second Section 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
The Consolidated Financial Results is unaudited/U.S. GAPP is not applied

1. Consolidated Results for the Three-Months Period Ended June 30, 2021
a. Consolidated Statements of Income
Yen(millions)Three months
Three months
ended June 30,
ended June 30,
2020
2021
14,256
14,866Net Sales
444
729
Operating Profit
355
691
Ordinary Profit
296
1,074
Profit attributable toowners of parent

Amounts Per Share of Common Stock:
Basic Earnings
Diluted Earnings

b. Net Sales by Business Segment

Batteries
Electronic Devices
Totalc. Consolidated Financial Position

Total Assets
Net Assets
Owners' Equity
Capital Adequacy Ratio

8.60 yen- yen

Yen(millions)Three months
ended June 30,
2020
10,432
3,824
14,256

Change (%)
4.3
64.194.3262.3(URL: https://www.fdk.com)

Yen(millions)
FY2020,ended Mar. 31,
2021
61,543
1,743
1,274
2,009

31.15 yen
- yen

Yen
(millions)Three months
ended June 30,
2021
10,4394,427
14,86658.24 yen
- yen

Yen
(millions)
FY2020,ended Mar. 31,
2021
45,58015,96361,543Yen(millions)
As of March 31,
As of June 30,
2021
2021
48,06444,90910,888
11,79910,882
11,79422.6 %
26.3 %

d. Consolidated Statements of Cash Flows

Cash Flows fromOperating Activities
Cash Flows from
Investing ActivitiesCash Flows fromFinancing Activities
Cash and Cash Equivalents
at End of PeriodYen(millions)Three months
Three months
ended June 30,ended June 30,
2020
2021
(53)
519
(464)

(1,395)260(2,838)

8,796

3,333

(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 110.61 yen=$1
3. The percentage in this statement presents rate of change compared with the same period last year.

U.S.Dollars(millions)Three months
ended June 30,2021$134.40
$6.59
$6.25
$9.71

28.16 cent
- centU.S.Dollars(millions)Three months
ended June 30,
2021$94.38$40.02$134.40

2. Consolidated Forecast for the year ending March 31, 2022

Net Sales
Operating Profit
Ordinary Profit
Profit attributable to owners of parent
Basic Earnings Per Share(Million of yen, except per share data)

FY2021
Change from FY2020
60,000-2.5 %
1,900
9.0 %
1,500
17.7 %
1,600-20.4 %
46.37 yen
- yen

FY202061,5431,743
1,274
2,00958.24 yen

Note for the use of the above forecasted business results.
The financial forecast described above is based upon information available as of April 27, 2021.

3. Others(1) Material changes in significant subsidiaries during the period: No
Consolidated Subsidiaries
10 companies
Unconsolidated Subsidiaries (equity method applied)
3 companies
Affiliates (equity method applied only)
0 companies(2) Applying of specific accounting of the consolidated quarterly financial statements: No(3) Changes in accounting policies, accounting estimates, and retrospective restatement
1) Changes in accounting policies based on revisions of accounting standard: Yes
2) Changes in accounting policies other than ones based on revisions of accounting standard: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Number of issued and outstanding shares (common stock)1) Number of issued and outstanding shares at the end of fiscal year. (including treasury stock)June 30, 2021: 34,536,302 shares
March 31, 2021: 34,536,302 shares
2) Number of treasury stock at the end of each period
June 30, 2021: 29,447 shares
March 31, 2021: 29,057 shares
3) Average number of shares in each period.
June 30, 2021: 34,507,106 shares
June 30, 2020: 34,507,748 shares(Notes)1. This information is a summary of the earnings report. It does not contain all details included in the earnings reportdisclosed in Japanease.

Consolidated Balance Sheet
Millions of yen

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Notes and accounts receivable - trade, and contract assets
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accountsTotal current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netMachinery, 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
Deferred tax assets
OtherTotal 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

FY2020

FY2021Mar 31, 2021

Jun 30, 2021

7,001
15,986
0
2,786
2,109
3,169
1,323
(33)
32,3443,333
016,192
3,140
2,348
3,468
763
(35)
29,212

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

5,593
5,736
861
2,187
213
119
14,713
475

219
38
251
509
15,719

225
33
249
508
15,69748,06444,9098,739
3,987
14,900
69
3,038
313
2,729
33,7799,146
4,208
12,080
68
2,005
125
2,328
29,963150
3492,603
192
100
3,396
37,175

133
214
2,504
192
101
3,145
33,10931,70926,257(46,166)(49)
11,75031,70926,225(45,098)(49)
12,78538885(1,792)(868)
510,88842693(1,727)(991)
511,79948,06444,909

Consolidated Statement of Income
Millions of yen
FY2020

FY2021

Apr'20-Jun'20

Apr'21-Jun'21

Net sales

14,256

14,866

Cost of sales

11,52911,807Gross profit

2,726

3,058

Selling, general and administrative expenses

2,282

2,329

444

729

Interest income

171

Dividend income

11

Subsidy income1837

Gain on sales of non-current assets

00

Rental income

52

Other

920

Total non-operating income

5264

Interest expenses

33

23

Foreign exchange losses

8668

Loss on retirement of non-current assets

36

Other

16

3

Total non-operating expenses

141102355691

Gain on liquidation of subsidiaries and associates

0459

Total extraordinary income

0459

Profit before income taxes

355

1,151

Income taxes-current

8875

Income taxes-deferred(29)0Total income taxes

5876

Profit296

1,0740(0)

296

1,074

Operating profit
Non-operating income

Non-operating expenses

Ordinary profit
Extraordinary income

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

Consolidated Statement of Comprehensive Income
Millions of yen
FY2020

FY2021

Apr'20-Jun'20

Apr'21-Jun'21

296

1,074

Valuation difference on available-for-sale securities

32

3

Foreign currency translation adjustment

(7)

(191)

Remeasurements of defined benefit plans, net of tax

81

64

Total Other comprehensive income

106(123)

403

951

403

951

0(0)

Profit (loss)
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 Cash Flows
Millions of yen
FY2020

FY2021

Apr'20-Jun'20

Apr'21-Jun'21

Cash flows from operating activities
Profit before income taxes

355

1,151

Depreciation

493

579

0(459)

(157)

(99)

3

1

Interest and dividend income

(18)

(3)

Interest expenses

33

23

Foreign exchange losses (gains)0(0)Loss (gain) on sales of property, plant and equipment

(0)

(0)

Loss on retirement of non-current assets

36

Subsidy income(18)(37)

Decrease (increase) in trade receivables

662

(114)

Decrease (increase) in inventories(1,019)(857)

Increase (decrease) in trade payables

20539

Increase (decrease) in accrued expenses

(486)

(815)

Other, net

186

713

Subtotal58

628Interest and dividend received

18

3

Subsidies received

1837

Interest paid

(37)

(23)

Income taxes paid

(110)

(125)

Net cash provided by (used in) operating activities

(53)

519

(454)

(1,343)10Purchase of intangible assets

(10)

(53)

Purchase of investment securities

(1)

(1)

Other, net

04(464)(1,394)

Net increase (decrease) in short-term borrowings

330(2,820)Purchase of treasury shares

(0)

(0)

Repayments of finance lease obligations

(69)

(17)

Net cash provided by (used in) financing activities

260(2,838)(9)44

Net increase (decrease) in cash and cash equivalents(266)(3,667)

Cash and cash equivalents at beginning of period

9,063

7,001

Cash and cash equivalents at end of period

8,796

3,333

Loss (gain) on liquidation of subsidiaries and associates
Increase (decrease) in retirement benefit liability
Increase (decrease) in allowance for doubtful accounts

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

Net cash provided by (used in) investing activities
Cash flows from financing activities

Effect of exchange rate change on cash and cash equivalents

Consolidated Business Segment Information
Millions of yen
FY2020 Apr'20-Jun'20
Business Segments Reported
ElectronicBatteries
Materials

TotalAdjustments

ConsolidatedStatements

Net sales
Unaffiliated customersIntersegment
Total
Segment profit

10,432

3,824

14,2560

14,25600000

10,432

3,824

14,2560

14,256387

564440444

Adjustments

ConsolidatedStatements

FY2021 Apr'21-Jun'21
Business Segments Reported
Electronic
Batteries
Materials

Total

Net sales
Unaffiliated customers
Intersegment
Total
Segment profit

10,4394,427

14,866014,866

00000

10,4394,427

14,866014,866451

277

7290729