Note:

This document has been translated from a part of the Japanese original for reference purposes only. In the event ofany discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results for the First Quarter of
the Fiscal Year Ending March 31, 2025
(under IFRS)
August 2, 2024
Company name:
Listing:
Securities code:
URL:
Representative:
Contact:

F.C.C. CO., LTD.

Tokyo Stock Exchange
7296
https://www.fcc-net.co.jp/
Yoshitaka Saito, President and Representative Director
Mikinobu Nagasaka, Senior Operating Officer, Head of Management andAdministration
TEL: +81-53-523-2400
Scheduled date to commence dividend payments:–Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
None(Millions of yen with fractional amounts rounded, unless otherwise noted)

1. Consolidated financial results for the first quarter of the fiscal year ending March 31, 2025
(from April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)
Revenue(Percentages indicate year-on-year changes.)

Operating profit

Profit before
income taxes

ProfitProfitattributable toowners ofparent

Total
comprehensive
incomeMillionsof yenMillionsof yenThree months ended

Millionsof yen%Millionsof yen%Millionsof yen%Millionsof yen%June 30, 2024

64,129

13.6

4,942

64.3

6,629

47.2

4,616

52.2

4,595 58.4

11,215 (13.7)

June 30, 2023

56,440

16.5

3,008

67.6

4,504

60.7

3,033

94.0

2,900 91.0

12,993

Basic earnings
per share%%22.9

Diluted earnings pershare

Three months ended
June 30, 2024

Yen

Yen

92.79–

June 30, 2023

58.33

–

(2) Consolidated financial position
Total assets
As ofJune 30, 2024
March 31, 2024

Total equity

Ratio of equity
Equity attributable
Equity attributable
attributable toto owners of parent
to owners of parent owners of parent toper sharetotal assets

Millions of yen

Millions of yen

Millions of yen%

256,348
245,004

194,328
186,602

193,003
185,322

75.3
75.6

Yen

3,926.18
3,725.39

2. Cash dividends
First quarter-end

Annual cash dividends per share
Second quarterThird quarter-end
Fiscal year-end
end

Yen

Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025

Yen–Yen

30.00

TotalYen–

Yen

44.00

74.00

38.00

76.00

–

Fiscal year ending
March 31, 2025
38.00–
(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: None

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2025
(from April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Revenue
Millionsof yenOperating profit%

Millionsof yen%Profit before
income taxes
Millionsof yenProfit attributable Basicto owners ofearnings
parentper share

Profit%Millionsof yenSix months ending
119,000
1.7
7,800
20.9
8,600(4.2)
6,100
September 30, 2024
Fiscal year ending
238,000(1.0) 16,000
5.9
17,800(7.1) 12,500
March 31, 2025
Note: Revisions to the consolidated earnings forecast most recently announced: None%

Millionsof yen%

Yen

(1.1)

6,000

0.4

121.590.4

12,4001.4

251.73

* Notes(1) Significant changes in the scope of consolidation during the period:
Newly included:
None
Excluded:
NoneNone(2) Changes in accounting policies and changes in accounting estimatesa. Changes in accounting policies required by IFRS:

Noneb. Changes in accounting policies other than the above:Nonec. Changes in accounting estimates:

None(3) Number of shares issued (ordinary shares)
a. Total number of shares issued at the end of the period (including treasury shares)
As of June 30, 2024

52,644,030 shares

As of March 31, 2024

52,644,030 sharesb. Number of treasury shares at the end of the period
As of June 30, 2024

3,485,797 shares

As of March 31, 2024

2,898,297 sharesc. Average number of shares during the period (cumulative from the beginning of the fiscal year)
For the three months ended June 30, 2024

49,523,366 shares

For the three months ended June 30, 2023

49,727,560 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements bycertified public accountants or an audit firm:
None* Proper use of earnings forecasts, and other special matters
Caution regarding forward-looking statements
The forward-looking statements including earnings forecasts contained in these materials are based on
information currently available to the Company and certain assumptions deemed reasonable by theCompany, and are not intended as the Company’s commitment to achieve such forecasts. Actual businessand other results may differ significantly from these forecasts due to a wide range of factors.
How to obtain supplementary results briefing material on consolidated financial results
Supplementary material on financial results is attached to this consolidated financial results for the firstquarter.

Condensed quarterly consolidated financial statements(1) Condensed quarterly consolidated statement of financial position(Millions of yen)
As ofMarch 31, 2024

As ofJune 30, 2024

AssetsCurrent assets
Cash and cash equivalents

82,02887,219Trade and other receivables

40,19841,935

Other financial assets

4,181

3,792

Inventories

32,80935,243

Other current assets

3,615

3,778

Total current assets

162,833

171,970

Property, plant and equipment

57,23458,539Goodwill and intangible assets

2,946

2,826

127

132

Other financial assets

18,554

19,388Deferred tax assets

2,768

2,947

Other non-current assets

540

543

Total non-current assets

82,171

84,378245,004

256,348

Non-current assets

Investments accounted for using the equity method

Total assets- 1 -(Millions of yen)
As ofMarch 31, 2024

As ofJune 30, 2024

Liabilities and equity
Liabilities
Current liabilities
Trade and other payables

20,18422,032

Borrowings

6,100

6,100

Other financial liabilities

458

480

Income taxes payable

1,981

2,320

Provisions

8,380

9,708

Other current liabilities

9,079

8,941

Total current liabilities

46,18349,582Other financial liabilities

1,100

1,150

Defined benefit liability

1,135

1,190

1414

9,442

9,551

Other non-current liabilities

525

529

Total non-current liabilities

12,21812,43858,40262,020

4,175

4,175

Retained earnings

149,324

151,736

Treasury shares(4,694)(5,994)

Other components of equity

36,51543,085

Total equity attributable to owners of parent

185,322

193,003

1,280

1,324

186,602194,328

245,004

256,348

Non-current liabilities

Provisions
Deferred tax liabilities

Total liabilities
EquityIssued capital

Non-controlling interests
Total equity
Total liabilities and equity- 2 -(2) Condensed quarterly consolidated statement of income(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Revenue

56,44064,129

Cost of sales(47,763)(52,295)

Gross profit

8,676

11,833

Selling, general and administrative expenses(5,822)(7,023)

Other income

178

194

Other expense

(24)

(62)

Operating profit

3,008

4,942

Finance income

1,500

1,694

Finance costs

(5)

(7)

Share of profit (loss) in investments accounted for using theequity method

1－Profit before income taxes

4,504

6,629

Income tax expense(1,471)(2,012)

Profit

3,033

4,616

2,900

4,595132

21

3,033

4,616

Basic earnings per share (Yen)

58.33

92.79

Diluted earnings per share (Yen)－－Profit attributable toOwners of parent
Non-controlling interests
ProfitEarnings per share- 3 -(3) Condensed quarterly consolidated statement of comprehensive income(Millions of yen)Three months ended
June 30, 2023
ProfitThree months ended
June 30, 2024

3,033

4,616

24

5

1,344(553)

1,369(547)

Exchange differences of foreign operations

8,601

7,154

Share of other comprehensive income of associates
accounted for using equity method(11)(8)Other comprehensive income
Components that will not be reclassified to profit or loss
Remeasurements of defined benefit plans
Changes in the fair value of financial assets measured at fairvalue through other comprehensive income
Total
Components that may be reclassified to profit or loss

Total

8,590

7,145

Total other comprehensive income

9,960

6,598

Comprehensive income

12,993

11,215

12,721

11,170Non-controlling interests

271

44

Comprehensive income

12,993

11,215Comprehensive income attributable toOwners of parent- 4 -(4) Condensed quarterly consolidated statement of changes in equity
Three months ended June 30, 2023
Equity attributable to owners of parent
Other components of equity
Changesin the fair value offinancial assets
measured at fairvalue through othercomprehensive
incomeMillions of yen

IssuedcapitalRetainedearnings

TreasurysharesExchangedifferencesof foreign
operations

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen

4,175

139,639(4,723)

16,180

4,782

Profit

–

2,900

–––

Other comprehensive income–––

8,464

1,331

–

2,900

–

8,464

1,331

Purchase of treasury shares––(0)––Dividends–(1,491)––––(161)

––––

24

–––

–

(1,628)

(0)

––

4,175

140,910(4,723)24,645

6,114

Balance as of April 1, 2023

Total comprehensive income

Increase (decrease) throughchanges in interests
Transfer from othercomponents of equity
Total transactions with theowners
Balance as of June 30, 2023

Equity attributable to owners of parent
Other components of equity

Noncontrollinginterests

Totalequity

Remeasurementsof defined benefit
plans

Total

Millions of yen

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen–

20,963160,055

2,069

162,124

Profit

–

–

2,900

132

3,033

Other comprehensive income

24

9,820

9,820

139

9,960

24

9,820

12,721271

12,993Purchase of treasury shares

––(0)

–(0)

Dividends––(1,491)(0)(1,492)––(161)(1,130)(1,292)

(24)

(24)

–––(24)(24)(1,653)(1,131)(2,784)－30,759171,122

1,209

172,332

Balance as of April 1, 2023

Total comprehensive income

Increase (decrease) throughchanges in interests
Transfer from othercomponents of equity
Total transactions with theowners
Balance as of June 30, 2023

- 5 -

Total

Three months ended June 30, 2024
Equity attributable to owners of parent
Other components of equity
Changesin the fair value offinancial assets
measured at fairvalue through othercomprehensive
incomeMillions of yen

IssuedcapitalRetainedearnings

TreasurysharesExchangedifferencesof foreign
operations

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen

4,175

149,324(4,694)28,2808,235

Profit－

4,595

－－－

Other comprehensive income

－－－

7,117

(548)

－

4,595

－

7,117

(548)

Purchase of treasury shares－－(1,299)－－Dividends－(2,188)－－－－－－－－－

5－－－－(2,183)(1,299)－－4,175

151,736(5,994)35,398

7,687

Balance as of April 1, 2024

Total comprehensive income

Increase (decrease) throughchanges in interests
Transfer from othercomponents of equity
Total transactions with theowners
Balance as of June 30, 2024

Equity attributable to owners of parent
Other components of equity

Noncontrollinginterests

Totalequity

Remeasurementsof defined benefit
plans

Total

Millions of yen

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen－

36,515

185,322

1,280

186,602

Profit－

－

4,595

21

4,616

Other comprehensive income

56,575

6,575

23

6,598

5

6,575

11,17044

11,215Purchase of treasury shares－－(1,299)－(1,299)Dividends－－(2,188)(0)(2,189)

－－－

－－

(5)

(5)

－－

－

(5)

(5)

(3,488)(0)(3,489)－43,085

193,003

1,324

194,328

Balance as of April 1, 2024

Total comprehensive income

Increase (decrease) throughchanges in interests
Transfer from othercomponents of equity
Total transactions with theowners
Balance as of June 30, 2024

- 6 -Total

(5) Condensed quarterly consolidated statement of cash flows(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Cash flows from (used in) operating activities
Profit before income taxes

4,504

6,629

Depreciation and amortization expense

3,388

3,116

Finance income and finance costs
Share of loss (profit) in investments accounted for using theequity method
Loss (gain) on sales and retirement of non-current assets(1,432)(1,529)

(1)

－(8)

(11)

Decrease (Increase) in inventories

1,384(1,125)Decrease (Increase) in trade and other receivables

1,143

93

Increase (decrease) in trade and other payables

(569)

803

Increase (decrease) in defined benefit liability

(88)

(8)

Increase (decrease) in provisions
OtherSubtotal
Interest and dividend income received
Interest expenses paid
Income taxes paid
Income taxes refund and interest on refund received
Net cash flows from (used in) operating activities

632

1,327

(1,420)(1,127)

7,531

8,169

342

961

(3)

(2)

(1,029)(1,072)

3

1

6,844

8,057

Cash flows from (used in) investing activities
Payments into time deposits(4)(1,408)Proceeds from withdrawal of time deposits

1,131

600

Purchase of property, plant and equipment(2,500)(2,154)44

27

Purchase of intangible assets

(165)

(110)

Payments of loans receivable

(6)

(15)

Proceeds from sales of property, plant and equipment

Collection of loans receivable

31

29

Purchase of investments

(47)

(127)

Other

13

(14)

(1,503)(3,172)

Net cash flows from (used in) investing activities
Cash flows from (used in) financing activities
Repayments of lease liabilities
Payments for acquisition of interests in
subsidiaries from non-controlling interests
Purchase of treasury shares

(121)

(115)

(1,292)－(0)(1,299)Cash dividends paid

(1,464)(2,155)

Cash dividends paid to non-controlling shareholders

(0)

(0)

Net cash flows from (used in) financing activities(2,879)(3,572)

Net increase (decrease) in cash and cash equivalents

2,460

1,312

Cash and cash equivalents at beginning of period

53,73882,028

Effect of exchange rate change on cash and cash equivalents

3,397

3,878

Cash and cash equivalents at end of period

59,596

87,219- 7 -(Segment information)(1) Overview of reportable segments
The Group’s reportable segments are components of the Group for which discrete financial
information is available, and whose operating results are regularly reviewed by the Board of Directors
to make decisions about managerial resources to be allocated to the segments and assess theirperformances. In the Group, the Head of business operation of motorcycles business and the Head ofbusiness operation of automobiles business develop domestic and overseas comprehensive strategies
and build operations in the motorcycle business and the automobile business, respectively. The Headof business strategy performs the same role for the non-mobility business. Thus the Group has threereportable segments: the “motorcycles business,” the “automobiles business,” and the “non-mobilitybusiness.” The motorcycles business manufactures clutches for motorcycles, scooters and ATVs andother products, while developing new businesses in the EV/CASE area. The automobile business
manufactures clutches for manual and automatic transmission automobiles and other products, whiledeveloping new businesses in the EV/CASE area. The non-mobilities business develops new
businesses, primarily in the environmental and energy sectors.

- 8 -(2) Revenue and performance for reportable segments
Three months ended June 30, 2023
Reportable segments
Automobiles
business

Non-mobility
business

Total

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

25,039–31,396–

3–

56,440–56,440–25,03931,396356,440

56,440(1,350)(2,005)(33)(3,388)(3,388)(22,238)(27,223)(580)(50,043)(50,043)

1,450

2,168

(610)

3,0083,008

Revenue
External revenue
Intersegment revenue
Total
Depreciation and amortization
expenseOther profit (loss)

Consolidated

Motorcycles
business

Operating profit (loss)
Finance income
Finance costs
Share of profit (loss) in investments
accounted for using the equity method

1,500
(5)

Profit before income taxes

4,504

1Three months ended June 30, 2024
Reportable segments
Consolidated

Motorcycles
business

Automobiles
business

Non-mobility
business

Total

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

28,79935,3191064,129

64,129－－－－－28,799

35,3191064,129

64,129Depreciation and amortization
expense△1,310△1,773△31△3,116△3,116

Other profit (loss)△24,429△30,947△693△56,070△56,070

3,059

2,598

△715

4,942

4,942

Revenue
External revenue
Intersegment revenue
Total

Operating profit (loss)
Finance income

1,694

Finance costs△7

Share of profit (loss) in investments
accounted for using the equity method－Profit before income taxes

6,629- 9 -(References)
Summary of FY2025 First Quarter Financial Results <Consolidated>
August 2, 2024
F.C.C. CO., LTD.
(Millions of yen)

Revenue
Operating profit〈Margin〉
Profit before income taxes〈Margin〉
Profit attributable to ownersof parent〈Margin〉
FX（Average exchange rate）
USD
MXN
THB
IDR
INR
CNY
BRL
NTD
PHP
VND
Capital Expenditures
Depreciation
R&D
Analysis of Operating Profit
Variance（YoY）

Fiscal Year Ended
March 2024
1st Quarter Result(Apr.2023-Jun.2023）

Fiscal Year Ended
March 2025
1st Quarter Result(Apr.2024-Jun.2024)

Fiscal Year Ended
March 2024
Result(Apr.2023-Mar.2024)

56,440
3,008
5.3%
4,504
8.0%

64,129
4,942
7.7%
6,629
10.3%

240,28315,102
6.3%
19,1698.0%

238,000
16,0006.7%
17,800
7.5%

2,900
5.1%

4,595
7.2%

12,231
5.1%

12,4005.2%￥137.37￥7.78￥3.99￥0.0093￥1.67￥19.56￥27.77￥4.47￥2.47￥0.00584
2,468
3,246
1,961

￥155.89￥9.05￥4.25￥0.0097￥1.87￥21.49￥29.91￥4.83￥2.70￥0.00616
2,121
3,029
2,121

￥144.63￥8.36￥4.11￥0.0094￥1.75￥20.15￥29.32￥4.60￥2.59￥0.00600
8,273
12,3598,013￥140.00￥8.03￥3.93￥0.0090￥1.68￥19.30￥28.70￥4.36￥2.51￥0.00576
15,21011,640
9,400

Fiscal Year Ended
March 2025
1st Quarter Result(Apr.2024-Jun.2024)

Revenue, model mix
Depreciation
R&D Expenses
SGA*
Foreign Exchange rates
Others
Total*Product warranty (quality related) expenses etc.

+1,520+463(160)
(739)
+873
(22)
+1,935

Fiscal Year Ending
March 2025
Forecast［announced on May 10th］(Apr.2024-Mar.2025)

Fiscal Year Ending
March 2025
Forecast［announced on May 10th］(Apr.2024-Mar.2025)+740+380(1,390)+1,680(1,240)+728+897

Caution regarding forward-looking statements
The forward-looking statements including earnings forecasts contained in these materials are based on
information currently available to the Company and certain assumptions deemed reasonable by theCompany, and are not intended as the Company’s commitment to achieve such forecasts. Actual businessand other results may differ significantly from these forecasts due to a wide range of factors.

- 10 -