Consolidated Financial Results for the First Half of the Fiscal Year Ending March 31, 2021 (JGAAP)
November 9, 2020
Stock exchange listing: Tokyo
Listed company name: Funai Electric Co., Ltd.
Securities code: 6839
URL http://www2.funai.co.jp/
Representative: Hideaki Funakoshi, President and CEO
Contact: Makoto Ueshima, Director and Officer Telephone: +81-72-870-4395
Scheduled date for filing of a quarterly securities report: November 11, 2020
Scheduled date for commencement of dividend payment: ―Preparation of supplementary documents for quarterly financial results: Yes
Holding of an analyst meeting for quarterly financial results: No(Any fraction less than one million yen is rounded down to the nearest million yen)

1. Consolidated Financial Results for the First Half of the Fiscal Year Ending March 31, 2021 (April 1, 2020 to September 30, 2020)(1) Consolidated operating results (for six months ended September 30, 2020)
Net sales(% figures represent changes from same period in previous year)

Net income (loss) attributableto owners of parent

Operating income (loss) Ordinary income (loss)

Million yen%Million yen

38,483(8.6)

204―286―(558)―

42,109(9.9)(1,905)―(1,811)―(1,866)―First Half of FY ending March 31,2021
First Half of FY ended March 31,%

Million yen%

Million yen%

2020

(Note) Comprehensive income (loss)
First Half of FY ending March 31, 2021: (1,227) million yen (―%) First Half of FY ended March 31, 2020: (2,408) million yen (―%)

Net income (loss) per share on a
fully diluted basis

Net income (loss) per shareYen
First Half of FY ending March 31,2021
First Half of FY ended March 31,Yen(16.36)―(54.71)―2020(2) Consolidated financial position

Total assets

As of September 30, 2020
As of March 31, 2020
(Reference) Shareholders’ equity
As of September 30, 2020: 49,916 million yen

Net assets
Million yen%

73,652
70,68349,96351,18967.8
72.4

As of March 31, 2020: 51,144 million yen

2. Dividends
Q1 end――FY ended March 31, 2020
FY ending March 31, 2021

Equity ratio

Million yen

Annual dividends per share
Q3 endQ2 endYen

Yen

0.00
0.00

―
―

FY ending March 31, 2021

Year-endYen

TotalYenYen

0.00

0.00

――(forecast)(Note) Revision to the latest dividend forecast: No
Funai Electric’s articles of incorporation stipulate that the Company may pay interim dividends with the record date of September 30. However, wehave decided to pay no dividends at the end of the second quarter of fiscal year ending March 31, 2021. The Company has not determined its
dividend forecast for the fiscal year ending March 31, 2021, since fluctuations in exchange rates give great impact on its consolidated net assets.
Management will promptly announce the dividend forecast when disclosure of the dividend projection becomes possible.

3. Forecast of Consolidated Financial Results for Fiscal Year Ending March 2021 (April 1, 2020 to March 31, 2021)(% figures represent changes from same period in previous year)

Net sales
Million yen

Full year

Operating income (loss) Ordinary income (loss)%

Million yen

80,000(9.5)(1,300)(Note) Revision to the latest financial results forecast: No%―

Million yen(1,500)%―Net income (loss) attributable Net income (loss)
to owners of parentper share
Million yen(2,100)%―Yen(61.55)

* Notes:(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes of the scope ofconsolidation): No
New companies: — (company name)
Excluded companies: — (company name)(2)

Adoption of special accounting methods for preparing quarterly consolidated financial statements: Yes(Note) For details, please refer to “2. Quarterly Consolidated Financial Statements and Main Notes (4) Notes on quarterly consolidated financialstatements (Adoption of special accounting methods for preparing quarterly consolidated financial statements)” on Page 9 of the attachment.

(3)

Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to revisions of accounting standards: No
2) Changes in accounting policies other than 1): No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4)

Number of shares outstanding (common shares)
1) Number of shares outstanding at end of term (including treasury stock)Q2 of FY ending March 31, 2021: 36,130,796 shares
FY ended March 31, 2020: 36,130,796 shares
2) Number of shares of treasury stock at end of term
Q2 of FY ending March 31, 2021: 2,011,830 shares
FY ended March 31, 2020: 2,011,830 shares
3) Average number of shares outstanding during period (for the first six-month period)
Q2 of FY ending March 31, 2021: 34,118,966 shares
Q2 of FY ended March 31, 2020: 34,118,966 shares* This brief report of quarterly financial statements is not subject to audit procedures by a certified public accountant or anindependent auditor.
* Notes on proper use of forecasts and other matters

1. The forward-looking statements in this document concerning forecasting of operational results, etc., are based on currently available information
and assumptions considered reasonable by the Company, and are not commitments made by the Company. Actual operational results may besignificantly different from these statements due to various factors. For notes concerning the use of the assumptions that form the basis of theforecasts for operational results and the forecasts for operational results, please refer to “1. Qualitative Information on Quarterly Results (3)Explanation of future forecast information, such as forecast of consolidated results” on Page 3 of the attachment.
2. The Company plans to post the attachment of Financial Statements on its website immediately after the results presentation for the first half of thefiscal year ending March 31, 2021 on the same day.