This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, theoriginal shall prevail. The Company assumes no responsibility for this translation or for direct,
indirect or any other forms of damages arising from the translation.

Financial Results for the Three Months Ended June 30, 2023
[Japanese GAAP] (Consolidated)
July 26, 2023
Company name: Tatsuta Electric Wire & Cable Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Stock Code: 5809
URL: https://www.tatsuta.comRepresentative: Hiroya Yamada, President and Representative Director
Contact: Masafumi Imai, Director, Senior Executive Officer
Phone: +81-6-6721-3011
Scheduled date of filing Quarterly Report: August 9, 2023
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 Three Months Ended June 30, 2023 (From April 1, 2023 to June 30,2023)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous corresponding period.)
Net sales
Three months ended
June 30, 2023
Three months ended
June 30, 2022

Operating income

Million yen%

15,445
14,732Million yen

Ordinary income

Income attributable toowners of parent%
Million yen%%

Million yen

4.8

540 64.8

598

36.8

453 40.3

3.2

327 (49.4)

437 (38.9)323 (38.6)(Note) Comprehensive income: Three months ended June 30, 2023: 594 million yen [‒%]
Three months ended June 30, 2022: (18) million yen [(105.1)%]
Yen

Diluted earnings pershare
Yen

7.34

‒

5.23

‒

Total assets
Million yen

Net assets
Million yen

58,35158,457

Income per share
Three months ended
June 30, 2023
Three months ended
June 30, 2022

(2) Consolidated Financial Position

As ofJune 30, 2023
As ofMarch 31, 2023%

Net assets per share
Yen

48,476

83.1

784.6647,88281.9

775.04(Reference) Equity: As of June 30, 2023: 48,476 million yen
As of March 31, 2023: 47,882 million yen

Equity ratio

2. Dividends
Annual dividends
1st quarter-end
Yen

2nd quarter-end
Yen

3rd quarter-end
Yen‒

9.00

‒

Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024
Fiscal year ending
March 31, 2024(Forecast)Year-endTotal
Yen

Yen‒

0.00

9.00

‒‒

‒

‒

(Note) Revisions from the most recently announced dividends forecast: No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (From April 1, 2023 toMarch 31, 2024)
As announced in the Notice on Position Statement concerning Planned Commencement of a Tender Offer by JX
Metals Corporation, a Wholly-owned Subsidiary of ENEOS Holdings, Inc., for Shares of the Company released onDecember 21, 2022, the Company’s stock is planned to be delisted. A consolidated financial results forecast for thefiscal year ending March 31, 2024 is therefore not presented.

Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting
in changes in scope of consolidation): No
Newly added: NA
Excluded: NA(2) Application of special accounting treatment in preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting principles, changes in accounting estimates and retrospective restatement
1) Changes in accounting principles due to the revision of accounting standards: No
2) Changes in accounting principles other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury shares):
As of June 30, 2023
70,156,394 shares
As of March 31, 2023
70,156,394 shares2) Total number of treasury shares at the end of the period:
As of June 30, 2023
8,376,182 shares
As of March 31, 2023
8,376,022 shares
3) Average number of shares during the period (cumulative quarterly period):
Three months ended June 30, 2023
61,780,332 shares
Three months ended June 30, 2022
61,781,247 shares* These quarterly consolidated financial results are outside the scope of quarterly review by a certified public
accountant or an audit corporation.
* Explanation of the proper use of financial results forecast and other notes
As announced in the Notice on Position Statement concerning Planned Commencement of a Tender Offer by
JX Metals Corporation, a Wholly-owned Subsidiary of ENEOS Holdings, Inc., for Shares of the Company

released on December 21, 2022, the Company’s stock is planned to be delisted. A consolidated financial results
forecast for the fiscal year ending March 31, 2024 is therefore not presented.
The supplemental financial information is scheduled to be disclosed on the TDnet on that same day as well ason the Company’s website.

Table of Contents of Reference Materials
1. Qualitative Information on Financial Results for the Quarterly Period Under Review ........................................... 1(1) Overview of business results.............................................................................................................................. 1(2) Overview of financial position ........................................................................................................................... 2(3) Overview of forward-looking information such as consolidated financial results forecasts ............................. 2
2. Quarterly Consolidated Financial Statements.......................................................................................................... 3(1) Quarterly Consolidated Balance Sheets ............................................................................................................. 3(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive
Income ............................................................................................................................................................... 5

1. Qualitative Information on Financial Results for the Quarterly Period Under Review(1) Overview of business results
During the three months ended June 30, 2023, the legal status of COVID-19 was downgraded to “Class 5,”
economic activities moved toward normal, and the Japanese economy continued moderate recovery in corporate
earnings, capital investment, production, personal consumption, etc. The world economy is also expected to continue
improving as the impact of COVID-19 decreases although the economy in some regions is weak. However, the outlook
remains uncertain due to volatility in the financial and capital markets and rising prices amid ongoing global monetary
tightening, resource and raw material prices fluctuating at high levels, the effects of the prolonged Russia-Ukraine
crisis, etc.
The average domestic quotation price for copper, the main raw material used for the Company’s products, for thethree months ended June 30, 2023 was on levels a little lower than for the same period of the previous fiscal year.
In the meantime, domestic demand for copper electric wires was generally on the same level as that for the same
period of the previous fiscal year, while in the industrial equipment wire business, a slowdown in demand from someusers was seen. Sales of smartphones, the main application of functional films, remained weak in terms of volumes
due to a global price increase, an economic downturn mainly in China, etc. and demand for materials was also affectedby that.
In this environment, net sales for the three months ended June 30, 2023 amounted to 15,445 million yen (up 4.8%year on year). Operating income was 540 million yen (up 64.8 % year on year), ordinary income was 598 million yen(up 36.8% year on year), and income attributable to owners of parent was 453 million yen (up 40.3% year on year).

The Company is listed on the Tokyo Stock Exchange, Inc. as of the day of submission of the financial results forthe first quarter period under review. As announced in the Notice on Position Statement concerning Planned
Commencement of a Tender Offer by JX Metals Corporation, a Wholly-owned Subsidiary of ENEOS Holdings, Inc.
for Shares of the Company released on December 21, 2022, JX Metals Corporation (changed the trade name from JX
Nippon Mining & Metals Corporation on June 28, 2023) plans to commence the tender offer for shares of the Company
as soon as the prospect for clearance of competition laws of relevant countries becomes probable.
As announced in the (Progress of Disclosed Matters) Notice Regarding Progress of Implementation of Tender Offerfor Shares of TATSUTA Electric Wire and Cable Co., Ltd. by JX Metals Corporation, a Wholly-owned Subsidiary ofENEOS Holdings, Inc. released on June 30, 2023, the procedures required under Japanese competition law and related
measures are complete, but those required under Chinese competition law and related measures are not yet complete.
Therefore, JX Metals Corporation expects to commence the Tender Offer in August 2023 at the earliest.
Through the tender offer and subsequent series of procedures, the Company is planned to become a wholly-owned
subsidiary of JX Metals Corporation, and the Company’s stock is planned to be delisted.
The Company will develop synergies, including efficient utilization of management resources of both companies;
further enhancement of business competitiveness in the electronic materials area; and enhancement of businessfoundation in the electric wire and cable area, in an effort to increase corporate value.

An overview of the Group’s business performance by segment is as follows:[Electric Wire and Cable Business]1

Customers continued conservative buying due to higher copper prices and a slowdown in demand for industrial
equipment wires was seen. However, owing to increased sales of electric wires for infrastructure mainly in electric
wires for use in construction (up 8.5% year on year) as well as selling price revisions implemented in response torising raw material prices being progressing, etc., net sales for this segment increased to 11,059 million yen (up 11.4%
year on year). In addition to the above, as a result of efforts to improve product mix, reduce costs, etc., operating
income was 342 million yen (as opposed to operating loss of 166 million yen for the same period of the previous fiscalyear).

[Electronic Materials Business]
Sales volume of functional films, the Company’s flagship products, decreased (down 10.7% year on year) as theproduction volume of smartphones, the major application of functional films, was on low levels due to the prolonged
replacement cycles of smartphones, etc. As a result, net sales for this segment were 3,835 million yen (down 9.3%year on year) and operating income was 403 million yen (down 37.3% year on year).

[Other Businesses]
Although sales of medical equipment materials increased owing to sales expansion of new products, etc., demand
was stagnant and various costs increased in each of the sensor and environmental analysis businesses, and as a result,net sales for this segment was 557 million yen (down 4.3% year on year) and operating loss was 34 million yen (asopposed to operating income of 45 million yen for the same period of the previous fiscal year).
(2) Overview of financial position
Total assets at the end of the three months ended June 30, 2023 decreased by 106 million yen from the end of theprevious fiscal year to 58,351 million yen, due to a decrease in notes and accounts receivable - trade despite an increasein short-term loans receivable, etc.
Total liabilities decreased by 700 million yen from the end of the previous fiscal year to 9,875 million yen, due todecreases in accrued expenses and accounts payable - other, etc.
Total net assets increased by 594 million yen from the end of the previous fiscal year to 48,476 million yen, due tothe recording of income attributable to owners of parent, an increase in valuation difference on available-for-salesecurities, etc.
As a result, the equity ratio increased by 1.2 percentage points from the end of the previous fiscal year to 83.1%.
(3) Overview of forward-looking information such as consolidated financial results forecasts

As announced in the Notice on Position Statement concerning Planned Commencement of a Tender Offer by
JX Metals Corporation, a Wholly-owned Subsidiary of ENEOS Holdings, Inc., for Shares of the Company
released on December 21, 2022, the Company’s stock is planned to be delisted. A consolidated financial results
forecast for the fiscal year ending March 31, 2024 is therefore not presented.

22. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - tradeFinished goods
Work in process
Raw materials and supplies
Short-term loans receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipmentBuildings and structures, netMachinery, equipment and vehicles, netTools, furniture and fixtures, netLand
Construction in progress
Total property, plant and equipment
Intangible assets
Software
Software in progress
Right to use facilities
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term prepaid expenses
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

As of June 30, 2023

1,246
20,973
3,852
6,653
1,822
4,611
613
(12)
39,761

1,45220,351
3,590
6,139
1,935
5,311
671
(12)
39,440

8,508
3,032
371
3,721
295
15,929

8,384
3,005
361
3,721
629
16,101

136
15
4
1157

126
17
4
1149

1,067
0
1,190
521
(169)
2,609
18,69658,457

1,171
0
1,141
510
(164)
2,659
18,91158,351

(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Accounts payable - otherAccrued expenses
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Asset retirement obligations
Deferred tax liabilities
OtherTotal 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
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4

As of June 30, 2023

4,279
1,243
1,381
87
939
7,931

4,165
801
775
210
1,248
7,201

900
1,572
42
1
127
2,644
10,575

900
1,620
38
5
109
2,673
9,875

6,676
4,516
38,792(2,459)47,525

6,676
4,516
39,245(2,459)47,978

249
131
(55)
31
356
47,88258,457

331
181
(48)
33
497
48,47658,351

(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive
IncomeQuarterly Consolidated Statements of Income
Three months ended June 30(Millions of yen)

Net sales
Cost of sales
Gross income
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of investment securities
Gain on sale of golf club membership
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on abandonment of non-current assets
TOB related expenses
Total extraordinary losses
Income before income taxes
Income taxes - current
Income taxes - deferredTotal income taxes
IncomeIncome attributable to owners of parent

5

Three months ended
June 30, 2022
(From April 1, 2022 toJune 30, 2022)
14,732
12,016
2,715
2,387
327

Three months ended
June 30, 2023
(From April 1, 2023 toJune 30, 2023)
15,445
12,532
2,913
2,372
540

4
1280
16
113

11140
7
61

1
2
3
437

20
3
598

‒
‒
00

230
2
26

1
‒
1436
107
5113
323
323

0
1213611
164
(6)
157
453
453

Quarterly Consolidated Statements of Comprehensive Income
Three months ended June 30(Millions of yen)

IncomeOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
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

6

Three months ended
June 30, 2022
(From April 1, 2022 toJune 30, 2022)
323

Three months ended
June 30, 2023
(From April 1, 2023 toJune 30, 2023)
453

33(393)134(341)(18)824971
141
594

(18)

594