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, 2021
(under IFRS)July 31, 2020
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
Yasutaka Oishi, Operating Officer, Head of Management and Administration
TEL: +81-53-523-2400
Scheduled date to file Quarterly Securities Report:
August 6, 2020
Scheduled date to commence dividend payments:–Preparation of supplementary results briefing material on quarterly financial results:
None
Holding of quarterly financial results presentation meeting:
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, 2021
(from April 1, 2020 to June 30, 2020)(1) Consolidated operating results (cumulative)
RevenueThree months endedJune 30, 2020
June 30, 2019

Millionsof yenOperating profit
Millionsof yen%%(3,364) –3,697 (22.6)

18,700 (56.9)
43,438 (2.4)

Basic earnings
per share(Percentages indicate year-on-year changes.)
Profit before
income taxes
Millionsof yenProfit%(3,427) –3,143 (36.3)

Millionsof yen%(1,902) –2,522 (23.3)

Profitattributable toowners ofparent

Total
comprehensive
incomeMillionsof yen%Millionsof yen(1,921) –2,470 (24.2)

811(426)%––

Diluted earnings pershare

Three months ended
June 30, 2020

Yen

Yen

(38.66)–June 30, 201949.73–(2) Consolidated financial position
Total assets
As ofJune 30, 2020
March 31, 2020

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%

Yen

159,051
161,727

121,814
122,486

120,200
120,86975.6
74.7

2,419.11
2,432.56

2. Cash dividends
Annual cash dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

YenYenYen

Fiscal year ended
March 31, 2020
Fiscal year ending
March 31, 2021–

Fiscal year-end–

29.00

TotalYen

Yen

29.00

58.00

–

Fiscal year ending
March 31, 2021
20.00
–
20.00
40.00
(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: Yes
Note: For details of the revision of the cash dividends forecast, please refer to “Notice of the Consolidated Financial Resultsand Cash Dividends Forecasts for the Fiscal Year Ending March31, 2021” announced on July 31, 2020.

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2021
(from April 1, 2020 to March 31, 2021)(Percentages indicate year-on-year changes.)
Revenue
Millionsof yenOperating profit%

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

Profit%Millionsof yen%Millionsof yen%Yen

Six months ending
57,000 (35.7) (2,500)–(2,600)–(1,700)–(1,700)–(34.21)
September 30, 2020
Fiscal year ending
138,000 (19.3)
3,000 (62.0)
3,200 (51.9)
2,600 (35.5)
2,600 (33.7) 52.33
March 31, 2021
Note: Revisions to the consolidated earnings forecast most recently announced: Yes
Note: For details of the revision of the consolidated earnings forecast, please refer to “Notice of the Consolidated
Financial Results and Cash Dividends Forecasts for the Fiscal Year Ending March31, 2021” announced on July 31, 2020.

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in thechange in scope of consolidation): None
Newly included:
None
Excluded:None(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, 2020

52,644,030 shares

As of March 31, 2020

52,644,030 sharesb. Number of treasury shares at the end of the period
As of June 30, 2020

2,956,099 shares

As of March 31, 2020

2,956,099 sharesc. Average number of shares during the period (cumulative from the beginning of the fiscal year)
For the three months ended June 30, 2020

49,687,931 shares

For the three months ended June 30, 2019

49,688,055 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public
accountants or an audit corporation.
* 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.

Condensed quarterly consolidated financial statements(1) Condensed quarterly consolidated statement of financial position(Millions of yen)
As ofMarch 31,2020
AssetsCurrent assets
Cash and cash equivalents
Trade and other receivables
Other financial assets
Inventories
Other current assets
Total current assets
Non-current assets
Property, plant and equipment
Goodwill and intangible assets
Investments accounted for using the equity method
Other financial assets
Deferred tax assets
Other non-current assets
Total non-current assets
Total assets

-1-

As of
June 30,
2020

35,35024,2292,114
19,366
1,697
82,75933,89018,203
3,121
22,252
2,788
80,25761,491
4,520
63
10,3742,388
129
78,968
161,727

60,3944,579
65
11,0152,614
125
78,794
159,051

(Millions of yen)
As ofMarch 31,2020
Liabilities and equity
Liabilities
Current liabilities
Trade and other payables
Borrowings
Other financial liabilities
Income taxes payable
Provisions
Other current liabilities
Total current liabilities
Non-current liabilities
Borrowings
Other financial liabilities
Defined benefit liability
Provisions
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities
EquityIssued capital
Retained earnings
Treasury shares
Other components of equity
Total equity attributable to owners of parent
Non-controlling interests
Total equity
Total liabilities and equity

-2-

As of
June 30,2020

11,199
7,206
345
2,133
2,880
5,881
29,645

9,947
7,192
458
1,333
2,880
5,413
27,224

1
1,189
1,470
29
6,625
280
9,596
39,241

–
1,227
1,616
29
6,692
447
10,01337,237

4,175
123,579(4,787)(2,098)120,869
1,617
122,486
161,727

4,175
120,244(4,787)567
120,200
1,613
121,814
159,051

(2) Condensed quarterly consolidated statement of income(Millions of yen)Three months ended
June 30, 2019
43,438(36,006)
7,431(3,901)
192
(24)
3,697
309
(860)

Three months ended
June 30, 2020
18,700(18,583)
117(3,521)69(29)(3,364)415(477)(3)

0

3,143(620)
2,522(3,427)
1,524(1,902)

Profit (loss) attributable toOwners of parent
Non-controlling interests
Profit2,47051
2,522(1,921)
18(1,902)

Earnings (loss) per share(Attributable to owners of parent)
Basic earnings (loss) per share (Yen)
Diluted earnings per share (Yen)

49.73
–

(38.66)–Revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Other income
Other expense
Operating profit (loss)
Finance income
Finance costs
Share of profit (loss) in investments accounted for using theequity method
Profit (loss) before income taxes
Income tax expense
Profit (loss)-3-(3) Condensed quarterly consolidated statement of comprehensive income(Millions of yen)

Profit (loss)
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
Exchange differences of foreign operations
Share of other comprehensive income of associates
accounted for using equity method
Total
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toOwners of parent
Non-controlling interests
Comprehensive income-4-

Three months ended
June 30, 2019
2,522

Three months ended
June 30, 2020
(1,902)(2)

26(310)

566

(312)

592

(2,646)

2,123

9(2)

(2,636)(2,949)
(426)

2,121
2,714
811

(430)
4(426)

772
38
811

(4) Condensed quarterly consolidated statement of changes in equity
Three months ended June 30, 2019
Equity attributable to owners of parent
Other components of equity
Changesin the fair value ofExchange
financial assets
Retained
Treasurydifferences
measured at fairearnings
sharesof foreignvalue throughoperations
othercomprehensive
incomeIssuedcapitalBalance as of April 1, 2019
ProfitOther comprehensive income
Total comprehensive
incomePurchase of treasury shares
Dividends
Transfer from othercomponents of equity
Total transactions with theowners
Balance as of June 30, 2019

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen

4,175
––

122,365
2,470–(4,787)––

187–(2,592)

3,934–
(306)

–

2,470

–

(2,592)(306)–––(1,440)

–––
–

–
–

–

5

–

–

(8)

–

(1,435)

––

(8)

4,175

123,400(4,787)(2,404)3,619

Equity attributable to owners of parent
Other components of equity
Remeasurements
Totalof defined benefit
Total
plans

Noncontrollinginterests

Total
equityMillions ofyen

Millions ofyen

Millions ofyen

Millions ofyen

–
–
(2)

4,122
–
(2,901)

125,875
2,470(2,901)

1,652
51
(47)

127,527
2,522(2,949)(2)(2,901)(430)

4(426)–––––(1,440)–(41)–(1,482)

2(5)

–––

2(5)

(1,440)(41)(1,482)–

1,214

124,003

1,614

125,618

Millions of yen

Balance as of April 1, 2019
ProfitOther comprehensive income
Total comprehensive
incomePurchase of treasury shares
Dividends
Transfer from othercomponents of equity
Total transactions with theowners
Balance as of June 30, 2019

Millions of yen-5-

Three months ended June 30, 2020
Equity attributable to owners of parent
Other components of equity
Changesin the fair value ofExchange
financial assets
Retained
Treasurydifferencesmeasured at fairearnings
sharesof foreignvalue throughoperations
othercomprehensive
incomeIssuedcapitalBalance as of April 1, 2020
Profit (loss)
Other comprehensive income
Total comprehensive
incomePurchase of treasury shares
Dividends
Transfer from othercomponents of equity
Total transactions with theowners
Balance as of June 30, 2020

Millions ofyen

Millions ofyen

Millions ofyen

Millions ofyen

4,175
–
–

123,579(1,921)–(4,787)–(5,122)
–
2,105

3,024
–
561

–

(1,921)

–

2,105

561

–––
(1,440)

–––––
––

26

––––

(1,414)

–

–

–

4,175

120,244(4,787)(3,017)3,585

Equity attributable to owners of parent
Other components of equity
Remeasurements
Totalof defined benefit
Total
plans

Noncontrollinginterests

Total
equityMillions ofyenMillions ofyenMillions ofyenMillions of
yen

–
–
26

(2,098)–2,693

120,869(1,921)
2,693

1,617
18
20

122,486(1,902)
2,714

26

2,693

772

38

811

–
–

–
–

–
(1,440)–(42)–(1,483)

(26)

(26)

–

–

–

(26)

(26)

(1,440)(42)(1,483)–567

120,200

1,613

121,814

Millions of yen

Balance as of April 1, 2020
Profit (loss)
Other comprehensive income
Total comprehensive
incomePurchase of treasury shares
Dividends
Transfer from othercomponents of equity
Total transactions with theowners
Balance as of June 30, 2020

Millions of yen-6-(5) Condensed quarterly consolidated statement of cash flows
Three months ended
June 30, 2019
Cash flows from (used in) operating activities
Profit (loss) before income taxes
Depreciation and amortization expense
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
Decrease (Increase) in inventories
Decrease (Increase) in trade and other receivables
Increase (decrease) in trade and other payables
Increase (decrease) in defined benefit liability
Other
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash flows from (used in) operating activities
Cash flows from (used in) investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Payments of loans receivableCollection of loans receivable
Purchase of investments
OtherNet cash flows from (used in) investing activities
Cash flows from (used in) financing activities
Net increase (decrease) in short-term borrowings
Repayments of lease liabilities
Purchase of treasury shares
Cash dividends paid
Cash dividends paid to non-controlling shareholders
Net cash flows from (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Effect of exchange rate change on cash and cash equivalents
Cash and cash equivalents at end of period-7-(Millions of yen)Three months ended
June 30, 2020

3,143
3,348
(255)

(3,427)
3,235
(239)

3(0)

(7)
(1,104)
310
1,042
34
100
6,617
284
(91)
(1,218)5,591(4)(2,326)
6,280(1,416)14(243)
1,872
239
(33)
(574)
1,504

(468)
266
(1,864)63(312)(21)
41(182)(17)(2,495)(981)
198(1,452)14(329)(29)
38(17)(0)(2,558)(2,119)(96)–(1,420)(41)(3,677)(581)
32,444(1,058)30,804(4)(131)–(1,419)(42)(1,598)(2,652)35,3501,192
33,890