Disclaimer: This document is an English translation of the original document in Japanese and has been preparedsolely for reference purposes. In the event of any discrepancy between this English translation andthe original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results
for the Nine Months Ended December 31, 2023
[Japanese GAAP]
February 14, 2024
Company name:
Fuji Die Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Securities code:
6167
URL:
https://www.fujidie.co.jp/
Representative:
Yoshikazu Haruta, Representative Director and President
Contact:
Masao Takayasu, Division Director of Administration Division
Phone:+81-3-3759-7182
Scheduled date of filing quarterly securities report:
February 14, 2024
Scheduled date of commencing dividend payments:–
Availability of supplementary briefing material on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Not scheduled(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2023 (April 1, 2023 to December 31,
2023)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Nine months ended
Million yen%
Million yen%
Million yen%
Million yen%
December 31, 2023
12,323(2.9)
590(34.0)
649(32.1)
477(27.4)
December 31, 2022
12,694
1.1
894(18.7)
957(17.5)
658(19.6)(Note) Comprehensive income: Nine months ended December 31, 2023:¥692 million [(21.9)%]
Nine months ended December 31, 2022:¥886 million [4.8%]
Basic earnings Diluted earnings
per shareper share
Nine months ended
Yen
Yen
December 31, 2023
24.06–
December 31, 2022
33.21–
(2) Consolidated Financial Position
Total assets
Million yen

As of December 31, 2023
As of March 31, 2023
(Reference) Equity:

Net assets
Million yen

26,50020,47426,253
20,392As of December 31, 2023: ¥20,474 million
As of March 31, 2023: ¥20,392 million

Equity ratio
%

77.3
77.7

2. Cash Dividends
Annual dividends per share
1st
2nd
3rd
Year-endquarter-end quarter-end quarter-end

Total

Fiscal year ended
Yen
Yen
Yen
Yen
March 31, 2023
–
0.00
–
32.00
Fiscal year ending–
0.00–
March 31, 2024
Fiscal year ending
March 31, 2024
22.00
(Forecast)(Note) Revision to the dividends forecast announced most recently: None

Yen

32.00

22.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 to March
31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable
Basic earnings
Net sales
Operating profit
Ordinary profit
to owners of parent
per share
Million yen% Million yen% Million yen%

Million yen

Full year
16,500 (4.0)
830 (27.9)
890 (27.4)(Note) Revision to the financial results forecast announced most recently: Yes%

Yen

670 (48.2)

33.73* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2023 (changes in specified
subsidiaries resulting in changes in scope of consolidation): None
Newly included: – ()
Excluded: – ()(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policies, changes in accounting estimates, and retrospective restatement
1) Changes in accounting policies due to the revisions to accounting standards and other regulations: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2023: 20,000,000 shares
March 31, 2023: 20,000,000 shares2) Total number of treasury shares at the end of the period:
December 31, 2023: 133,780 shares
March 31, 2023: 164,998 shares
3) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year):Nine months ended December 31, 2023: 19,855,484 shares
Nine months ended December 31, 2022: 19,819,870 shares* These quarterly consolidated financial results are outside the scope of quarterly review by certified public
accountants or an audit firm.
* Explanation of the proper use of financial results forecast and other notes
The financial results forecast and other forward-looking statements herein are based on information available to theCompany and certain assumptions that are deemed reasonable as of the date of publication of this document. Therefore,
these statements do not constitute a guarantee that the Company will achieve this forecast or other forward-looking

statements. For the assumptions underlying the forecast herein and cautionary notes on the use of this financial results
forecast, please refer to “1. Qualitative Information on Quarterly Financial Results (3) Explanation of ForwardLooking Information, including Consolidated Earnings Forecasts” on page 3.

Table of Contents - Attachments
1. Qualitative Information on Quarterly Financial Results ............................................................................ 2(1) Explanation of Operating Results .......................................................................................................... 2(2) Explanation of Financial Position .......................................................................................................... 3(3) Explanation of Forward-Looking Information, including Consolidated Earnings Forecasts ................ 3
2. Quarterly Consolidated Financial Statements and Primary Notes ............................................................. 4(1) Quarterly Consolidated Balance Sheets ................................................................................................. 4(2) Quarterly Consolidated Statements of Income and Comprehensive Income ......................................... 6(3) Notes to Quarterly Consolidated Financial Statements .......................................................................... 8(Notes on Going Concern Assumption) .................................................................................................... 8(Notes in the Event of Significant Changes in the Amount of Shareholders’ Equity) .................................... 8(Accounting Policies Adopted Specially for the Preparation of Quarterly Consolidated Financial Statements).................................................................................................................................................................... 8

11. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
The Japanese economy during the nine months ended December 31, 2023 experienced further normalizationof economic activities mainly due to the easing of movement restrictions related to COVID-19, and saw gradual
recovery. However, the economic outlook remained uncertain due to factors such as a surge in resource and energy
prices and a global rise in prices impacted by the situation in Ukraine, the conflict in the Middle East, theprolonged weakening of the Japanese yen, and a slowdown in the Chinese economy.
Amid this environment, the Group has laid out a fiscal year goal of “innovation (be brave and daring),” striving
to achieve higher quality, lower cost, shorter delivery time, and excellent service.
The Group has formulated the medium-term management plan for three years from the fiscal year ended March
31, 2022, aiming at “converting to a robust corporate structure and building a foundation for medium- to longterm growth,” and, during the fiscal year ending March 31, 2024, the final year of the plan, has also been
implementing various measures with the followings as priority measures:
1. Productivity improvement / Business efficiency improvement
2. Respond to next-generation vehicles / Sales expansion
3. Creation of new growth engines
4. Strengthening of overseas businessIn concrete terms, in the field of “Productivity improvement / Business efficiency improvement,” the Groupset a manufacturing cost-rate reduction target of 4.4%, compared to the second quarter of the fiscal year ended
March 31, 2020, and has worked on initiatives such as the expansion of introduction of automated conveying
equipment and automated robots, the renewal of the metallurgy building in the Kumamoto Manufacturing Plant
and CIP equipment in the Okayama Manufacturing Plant, as well as optimization of processing conditions andfacility layout in our production bases.
For “Respond to next-generation vehicles / Sales expansion,” the Group has focused on expanding sales of the
new material of “VG48,” which was launched for trimming die for motor core of automotive application, anddeveloping new materials for further expansion of our material lineup.
For “Creation of new growth engines,” the Group started a full-fledged effort on sales expansion of the highthermal expansion alloy “TR05/TR30,” which is suitable for molds forming high performance lenses, having been
awarded the Grand Prize for Technical Achievement by the Japan Cutting & Wear-resistant Tool Association. The
Group was also awarded the Incentive Award of the “2023 Cho Monodzukuri Grand Award for Parts(Monodzukuri Nihon Conference / Nikkan Kogyo Shimbun)” for “ST60,” a new material for which a significantly
reduced amount of tungsten and cobalt, main raw materials for cemented carbide, are used.
For “Strengthening of overseas business,” in July 2023, the Group established the Overseas Business Division
and assigned an officer in charge of it to build a more agile structure to implement measures, and has worked on
preparation for the opening of new overseas bases and other initiatives.
As a result, net sales for the nine months ended December 31, 2023 totaled ¥12,323 million (down 2.9% year
on year).
For carbide tools, sales of grooved rolls for overseas markets and some drawing tools for steel pipes werestrong. As a result, net sales were ¥3,509 million (up 5.2% year on year).
For carbide molds, although sales of molds parts for optical elements and motor core molds were strong, salesof rechargeable battery molds significantly dropped due to customers’ relocation of manufacturing facilities, andsales of molds for automotive parts were sluggish, impacted by inventory adjustment of the parts manufacturers,
and as a result, net sales were ¥2,883 million (down 6.1% year on year).
For other carbide products, sales of materials for China were lackluster due to a continued slowdown in theeconomy, although demand for semiconductor manufacturing equipment remained strong. As a result, net sales
were ¥2,989 million (down 6.8% year on year).
In non-carbide products, as a result of sluggish sales of drawn steel pipes, net sales were ¥2,940 million (down
4.4% year on year), despite solid sales of some steel tools and molds for automotive parts.
On the profit front, operating profit was ¥590 million (down 34.0% year on year), ordinary profit was ¥649
2

million (down 32.1% year on year), and profit attributable to owners of parent was ¥477 million (down 27.4%
year on year), impacted by a decrease in net sales as well as a temporary increase of expenses associated withconstruction of the metallurgy building in the Kumamoto Manufacturing Plant, although certain favorable results
were accomplished primarily in the measure of Productivity improvement / Business efficiency improvement andin revising prices in accordance with the surging cost of raw materials, etc.
Segment information has been omitted because the Group is comprised of a single business segment, the wearresistant tool-related business.

(2) Explanation of Financial Position(Assets)
Total assets at the end of the nine months ended December 31, 2023 increased by ¥247 million to ¥26,500
million (¥26,253 million at the end of the previous fiscal year). Current assets decreased by ¥586 million to¥15,138 million (¥15,724 million at the end of the previous fiscal year). This is primarily attributable to decreasesof ¥453 million in notes and accounts receivable - trade and ¥201 million in raw materials and supplies, despite
an increase of ¥189 million in merchandise and finished goods. Non-current assets increased by ¥833 million to¥11,362 million (¥10,528 million at the end of the previous fiscal year). This is mainly attributable to increasesof ¥1,488 million in buildings and structures, net and ¥261 million in machinery, equipment and vehicles, net,despite a decrease of ¥1,172 million in construction in progress.
(Liabilities)
Total liabilities at the end of the nine months ended December 31, 2023 increased by ¥165 million to ¥6,025
million (¥5,860 million at the end of the previous fiscal year). Current liabilities increased by ¥161 million to¥4,359 million (¥4,197 million at the end of the previous fiscal year). This is mainly attributable to increases of¥361 million in accounts payable - other and ¥179 million in provision for bonuses, despite a decrease of ¥438
million in accrued expenses. Non-current liabilities increased by ¥3 million to ¥1,666 million (¥1,662 million at
the end of the previous fiscal year).
(Net assets)
Total net assets at the end of the nine months ended December 31, 2023 increased by ¥82 million to ¥20,474
million (¥20,392 million at the end of the previous fiscal year). This is mainly attributable to an increase of ¥477
million in retained earnings due to the recording of profit attributable to owners of parent, offset by a decrease of¥634 million in retained earnings due to dividends of surplus, and an increase of ¥173 million in foreign currencytranslation adjustment.

(3) Explanation of Forward-Looking Information, including Consolidated Earnings Forecasts
There is a revision to the earnings forecast for the full year announced in the “Consolidated Financial Results
for the Fiscal Year Ended March 31, 2023” dated May 15, 2023. For details, please refer to the “Notice Regarding
Revision of Financial Results Forecast” announced on February 14, 2024.

3

2. Quarterly Consolidated Financial Statements and Primary Notes(1) Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims - operating
Securities
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, net
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of December 31, 2023

6,572
3,110
1,387
1,000
201
1,741
1,521
193
(2)
15,724

6,423
2,656
1,374
1,000
391
1,730
1,319
245
(2)
15,138

3,598
2,013
226
2,713
1,173
9,724

5,087
2,274
300
2,730
0
10,392

85
85

215
215

279
10
382
46
(0)
718
10,52826,253

334
7
366
45
(0)
753
11,362
26,500(Million yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Lease liabilities
Accounts payable - otherAccrued expenses
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Other
Total current liabilities
Non-current liabilities
Lease liabilities
Deferred tax liabilities
Provision for retirement benefits for directors (andother officers)
Retirement benefit liability
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
Total net assets
Total liabilities and net assets

5

As of December 31, 2023

2,013
33
16
586
667
132
209

1,881
37
16
947
229
79
388

39

–

498
4,197

777
4,359

38
10

33
14

2

2

1,610
0
1,662
5,860

1,615
0
1,666
6,025

164
1
19,821(107)
19,879164
119,664(83)
19,746

120
338
53
513
20,392
26,253

160
512
55
727
20,47426,500(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income(For the nine months ended December 31)(Million yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income
Foreign exchange gains
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Donations
Expense related restricted stock compensation
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets
Impairment losses
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

For the nine months
ended December 31, 2022
12,694
9,391
3,302
2,407
894

For the nine months
ended December 31, 2023
12,323
9,218
3,105
2,514
590

6
9
19
18
7
5
67

7
8
17
16
9
9
68

2
1
–
0
5
957

3
2
3
0
9
649

6
6

41
41

0
20
1
23
940
282
658
–
658

0
3
0
3
687
210
477
–
477

6

Quarterly Consolidated Statements of Comprehensive Income(For the nine months ended December 31)(Million yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

For the nine months
ended December 31, 2022
658

For the nine months
ended December 31, 2023
477

(19)
241
6
228
886

39
173
1
214
692

886

692

–

–

7

(3) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
There is no relevant information.
(Notes in the Event of Significant Changes in the Amount of Shareholders’ Equity)
There is no relevant information.
(Accounting Policies Adopted Specially for the Preparation of Quarterly Consolidated Financial Statements)
For the nine months ended December 31, 2023
(From April 1, 2023 to December 31, 2023)(Calculation of tax expense)
The Company has adopted the method of calculating tax expenses based on a rational estimate of theeffective tax rate, determined after applying tax effect accounting on profit before income taxes for the
consolidated fiscal year including the nine months ended December 31, 2023, and multiplying the quarterly
profit before income taxes with said estimate of the effective tax rate.

8