Press Release
October 28, 2011
To Whom It May Concern:
Funai Electric Co., Ltd.
Representative Director
President and CEO: Tomonori Hayashi(Code No.: 6839 First Section of TSE/OSE)

Funai Reports Revised Forecast of Consolidated Operating Results

This is to notify that the following changes have been made to the earnings forecast that waspreviously announced on August 1, 2011.
1. Revisions to the Second Quarter (2Q) Year‐to‐Date (YTD) Consolidated Earnings Forecast(April 1, 2011 to September 30, 2011)(Units: Millions of Japanese Yen)
Operating
Ordinary
Quarterly
Net Sales
IncomeIncomeNet IncomePrevious Forecast announced
156,800
3,400
3,400200
on August 1, 2011 (A)Current Forecast (B)140,600
2,100500△ 2,900
Net Change (B‐A)△ 16,200△ 1,300△ 2,900△ 3,100

Net Change (%)△10.3△ 38.2△ 85.3−

154,084

4,586

4,776

3,885

(Reference) 2Q YTD Actuals from thePrevious Fiscal Year ended March2011

2. Revisions to the Full‐Year Consolidated Earnings Forecast(April 1, 2011 to March 31, 2012)
Net Sales
Previous Forecast announced
on August 1, 2011 (A)Current Forecast (B)Net Change (B‐A)
Net Change (%)(Reference) Actuals from the Previous
Fiscal Year ended March 2011

OperatingIncome(Units: Millions of Japanese Yen)
OrdinaryNet Income
Income310,000

8,000

8,000

4,200265,000

3,2001,500△ 2,800△ 45,000△ 14.5△ 4,800△ 60.0△ 6,500△ 81.3△ 7,000−

295,923

772

1,290

△ 1,169−１−

3. Factors Behind the Revisions to the Second Quarter Year‐to‐Date and Full‐Year Consolidated
Earnings Forecast
The economy in the United States, our mainstay market, has been beset by sluggish personal
consumption, stemming from continued high unemployment and a sluggish housing market.
Furthermore, global economic uncertainty continues to mount, led by the European debt crisis, andconcerns abound regarding the potential impact of this situation. Against this backdrop, demand
continues to level off for one of the Group’s main products, LCD televisions, as a certain degree ofmarket saturation has been reached, and increasingly stringent competition is putting downward
pressure on prices. As a result, we have revised downward our sales and operating income forecasts.
In the information equipment category, as well, printer orders are down, leading us to forecast adecline in revenues and income for the full fiscal year. In addition, we have recorded exchange
losses of ¥1,700 million, as yen appreciation has been more significant and extended for a longer
period of time than expected. These losses have pulled down ordinary income and net income.
As the Company has disclosed, as our June 24, 2011, appeal to the Osaka District Court related to
the Anti‐Tax Haven Law was dismissed, we have recorded as an expense the impact of applying thistaxation in the consolidated fiscal year following the conclusion of the tax assessment, whichcorresponds to the fiscal year ended March 31, 2011. Furthermore, we posted retroactive
corporate taxes of ¥900 million following the third corrective action on June 29, 2011. The total
impact of these actions during the first half is ¥2,400 million, and ¥2,700 for the full fiscal year. We
have filed an appeal with the Osaka High Court to have this action cancelled. We continue tocontest the validity of this action in court, and this taxation remains under consideration.
Due to the above factors, the Group has decided to revise the net sales, operating income, ordinary
income and quarterly net income figures from the 2Q YTD consolidated earnings forecast andfull‐year consolidated earnings forecast that was announced on August 1, 2011.
(Note)The earnings forecast is based on information available to the Group at the time such forecast is
made, and contains risk and uncertainty. Actual results may differ from the forecast due to a varietyof factors including changes in the economic conditions of overseas markets such as the UnitedStates (a key market for the Group), and significant fluctuations in product prices.

INQUIRIES ABOUT THIS PRESS RELEASE
Investor / Public Relations Department
Fujii Toru
TEL:+81‐72‐870‐4395
Mutsuo Takei
TEL:+81‐3‐3254‐5611−２−