Consolidated Financial Results for theFiscal Year Ended March 31, 2021
(JGAAP)May 12, 2021

Listed company name: Funai Electric Co., Ltd.
Securities code: 6839
URL https://www2.funai.co.jp/
Representative: Hideaki Funakoshi, President and CEO
Inquiries:
Makoto Ueshima, Director and Executive OfficerTelephone: +81-72-870-4395
Scheduled date of Annual General Meeting of Shareholders: June 25, 2021
Scheduled date of filing of a Securities Report: June 25, 2021
Scheduled date of Commencement of Annual Dividend Payment: ―Preparation of Financial Results Supplementation: YesFinancial Results Seminar:Yes

Stock exchange listing: Tokyo(Any fraction less than one million yen is rounded down to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)(1) Consolidated Operating Results(% shows year-on-year rates)

Net Sales
Million yen%

Operating Income(Loss)
Million yen%

Net Income (Loss) Attributable
Ordinary Income (Loss)to Owners of Parent
Million yen

Million yen%

FY ended March 31, 2021
80,448(9.0)(328) ―143―(12)―
FY ended March 31, 2020
88,425 (16.2)(1,732) ―(1,594)―(2,392)―
Note: Comprehensive Income: FY ended March 31, 2021: 628 million yen (―%); FY ended March 31, 2020: (2,880) million yen (―%)
Net Income (Loss)Net Income (Loss) Per Share on a Fully
Per Share
Diluted BasisYen

Return on Equity

Yen

Operating Income onSales

Return on Assets%%%―
FY ended March 31, 2021
(0.37)
(0.0)
0.2
(0.4)
―
FY ended March 31, 2020
(70.13)
(4.6)
(2.1)
(2.0)
Reference: Equity in Earnings of Affiliated Companies: FY ended March 31, 2021: ― million yen; FY ended March 31, 2020: ― million yen(2) Consolidated Financial Position
Total Assets

Net Assets

Million yen

Million yen

Equity Ratio

Net Assets Per Share%

FY ended March 31, 2021
73,771
51,82670.2
FY ended March 31, 2020
70,68351,18972.4
Reference: Shareholders’ Equity: As of March 31, 2021: 51,772 million yen; As of March 31, 2020: 51,144 million yen(3) Consolidated Cash Flow

Cash Flow fromOperating Activities

Million yen

FY ended March 31, 2021
FY ended March 31, 2020Cash Flow from Investing
Activities

Million yen

1,009
1,653

2. Dividend Information
End of 1st quarter
FY ended March 31, 2020
FY ended March 31, 2021――

FY ending March 31, 2022
(Forecast)―

Yen

Cash Flow from Financing
Activities

Million yen(1,108)
(490)

Yen

0.00
0.00

―
―――

1,517.42
1,498.99

Cash and Cash Equivalents at theEnd of Period

Million yen

(61)
(231)

Annual Dividend Per Share
End of 2nd
End of 3rd
Year-endquarter
quarter
Yen

Yen

0.00
0.00
―

Total

Total
DividendPaymentYen

Million yen

0.00
0.00

――

―Yen

34,46934,573

Dividend to
Payout Ratio
Equity Ratio(Consolidated)(Consolidated)

%

―
―%

―
―

―

Note: As announced in the press release “Announcement of Opinion on the Tender Offer for Shares, Etc. in FUNAI ELECTRIC CO., LTD. by SHUWA SYSTEMHOLDINGS CO., LTD.” dated March 23, 2021, the Tender Offeror intends to make the Company its wholly-owned subsidiary through the tender offer (the“Tender Offer”) for the common shares of FUNAI ELECTRIC CO., LTD. (the “Company”; and such shares, the “Company Shares”) and the StockAcquisition Rights by SHUWA SYSTEM HOLDINGS CO., LTD. (the “Tender Offeror”) and a series of subsequent procedures. The forecast of dividends
for the fiscal year ending March 31, 2022 is not presented because it was made on the assumption that the Company Shares are scheduled to be delisted.

3. Forecasts for the Consolidated Operating Results for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)
As announced in the press release “Announcement of Opinion on the Tender Offer for Shares, Etc. in FUNAI ELECTRIC CO., LTD. by SHUWA SYSTEMHOLDINGS CO., LTD.” dated March 23, 2021, the Tender Offeror intends to make the Company its wholly-owned subsidiary through the Tender Offer for theCompany Shares by the Tender Offeror and a series of subsequent procedures. The forecast for the consolidated operating results for the fiscal year ending
March 31, 2022 is not presented because it was made on the assumption that the Company Shares are scheduled to be delisted.

*Notes:(1) Changes in significant subsidiaries during the period (Changes in specified subsidiaries resulting in changes in scope ofconsolidation): None
Newly included: - (Company name)Excluded: - (Company name)(2) Changes in accounting policies, changes in accounting estimates, and retrospective restatement
1) Changes based on revisions of accounting standard: No
2) Changes other than ones stated in 1) above:No3) Changes in accounting estimates:
Yes
4) Restatement:No(3) Number of outstanding shares (Common stock)1) Number of outstanding shares at year end (Treasury stocks are included)
As of March 31, 2021: 36,130,796
As of March 31, 2020: 36,130,796
2) Number of treasury stocks at year end
As of March 31, 2021: 2,011,830
As of March 31, 2020: 2,011,830
3) Average number of outstanding shares
FY ended March 31, 2021: 34,118,966
FY ended March 31, 2020: 34,118,966

Reference: Non-consolidated Financial Results
Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)(1) Non-consolidated Financial Results
Net Sales
FY ended March 31, 2021
FY ended March 31, 2020(% shows year-on-year rates)

Operating Income (Loss)

Ordinary Income (Loss)Net Income

Million yen%

Million yen%

Million yen%

Million yen71,144
73,087(2.7)(25.4)(909)(3,264)――(984)(3,158)――(1,330)(3,536)Net Income (Loss) Per ShareNet Income (Loss) Per Share ona Fully Diluted Basis

Yen

Yen

FY ended March 31, 2021
FY ended March 31, 2020

(39.00)(103.64)(2) Non-consolidated Financial Position
Total Assets
Million yen%――――
Net Assets

Equity Ratio

Million yen

Net Assets Per Share%

FY ended March 31, 2021
62,33047,48876.1
FY ended March 31, 2020
64,66948,79475.4
Reference: Shareholders’ Equity: As of March 31, 2021: 47,434 million yen; As of March 31, 2020: 48,749 million yen

Yen1,390.28
1,428.80* This Financial Results report is out of scope of Financial Audit by certified public accountants or an audit firm.
* Explanation regarding the appropriate use of forecasts of operating results, and other special matters
1. As announced in the press release “Announcement of Opinion on the Tender Offer for Shares, Etc. in FUNAI ELECTRIC CO., LTD. by SHUWA SYSTEMHOLDINGS CO., LTD.” dated March 23, 2021, the Tender Offeror intends to make the Company its wholly-owned subsidiary through the Tender Offer for theCompany Shares by the Tender Offeror and a series of subsequent procedures. The forecast for the operating results for the fiscal year ending March 31, 2022 is
not presented because it was made on the assumption that the Company Shares are scheduled to be delisted.
2. In view of preventing the spread of novel coronavirus infection, and in order to offer general investors a chance to view, the Company will post on its website avideo of the financial results briefing by the on-demand method on Wednesday, May 12, 2021, in lieu of the previously held presentation meeting for analysts
and investors.