Translation tice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail. Company name: Summary of Consolidated Financial Results for the Three Months Ended June 30, 2015 (Based on Japanese GAAP) FUJIKURA KASEI CO., LTD. Stock exchange listing: Tokyo Stock code: 4620 URL http://www.fkkasei.co.jp Representative: President Daisuke Kato Inquiries: Senior Vice President and Division Director of Administrative Headquarters Yoshizo Shimoda TEL 03-3436-1101 Scheduled date to file Quarterly Securities Report: August 7, 2015 Scheduled date to commence dividend payments: Preparation of supplementary material on quarterly financial results: Holding of quarterly financial results meeting: August 7, 2015 (Amounts are rounded off to the nearest million yen) 1. Consolidated financial results for the three months ended June 30, 2015 (from April 1, 2015 to June 30, 2015) (1) Consolidated operating results (cumulative) Percentages indicate year-on-year changes Net sales Operating income Ordinary income Profit attributable to owners of parent Millions of yen % Millions of yen % Millions of yen % Millions of yen % June 30, 2015 18,579 7.4 713 21.6 762 28.4 417 26.0 June 30, 2014 17,295 (5.7) 586 (9.8) 594 (24.9) 331 (24.2) Earnings per share Diluted earnings per share Yen Yen June 30, 2015 12.75 June 30, 2014 10.13 (2) Consolidated financial position Total assets Net assets Equity ratio Millions of yen Millions of yen % As of June 30, 2015 51,828 31,903 55.6 As of March 31, 2015 52,905 31,930 54.3 2. Cash dividends Annual dividends per share 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Year ended March 31, 2015 7.00 7.00 14.00 Year ending March 31, 2016 Year ending March 31, 2016 (Forecast) 7.00 7.00 14.00 3. Forecast of consolidated financial results for the year ending March 31, 2016 (from April 1, 2015 to March 31, 2016) Percentages indicate year-on-year changes Net sales Operating income Ordinary income Profit attributable to owners of parent Earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Six months ending September 30, 2015 36,000 3.7 1,250 3.1 1,300 3.6 700 2.8 21.42 Full year 72,000 3.5 2,800 26.8 2,900 12.3 1,600 28.1 48.96 1
4. tes (1) Changes in significant subsidiaries during the three months ended June 30, 2015 (changes in specified subsidiaries resulting in the change in scope of consolidation): (2) Application of special accounting methods for preparing quarterly consolidated financial statements: (3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements Changes in accounting policies due to revisions to accounting standards and other regulations: Yes Changes in accounting policies due to other reasons: Changes in accounting estimates: Restatement of prior period financial statements: (4) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2015 32,716,878 shares As of March 31, 2015 32,716,878 shares Number of treasury shares at the end of the period As of June 30, 2015 38,168 shares As of March 31, 2015 38,168 shares Average number of shares during the period (cumulative from the beginning of the fiscal year) June 30, 2015 32,678,710 shares June 30, 2014 32,678,710 shares 2
Quarterly consolidated financial statements Consolidated balance sheets Assets Current assets (Thousands of yen) As of March 31, 2015 As of June 30, 2015 Cash and deposits 10,622,810 9,937,768 tes and accounts receivable - trade 14,155,550 13,511,497 Merchandise and finished goods 3,877,880 3,901,272 Work in process 112,716 84,978 Raw materials and supplies 2,163,249 2,281,982 Deferred tax assets 458,727 406,040 Other 1,247,550 1,737,492 Allowance for doubtful accounts (123,677) (141,538) Total current assets 32,514,805 31,719,491 n-current assets Property, plant and equipment Buildings and structures 10,134,847 10,156,911 Accumulated depreciation (5,142,593) (5,230,415) Buildings and structures, net 4,992,254 4,926,496 Machinery, equipment and vehicles 12,565,269 12,615,214 Accumulated depreciation (9,602,852) (9,753,246) Machinery, equipment and vehicles, net 2,962,417 2,861,968 Tools, furniture and fixtures 3,918,282 3,953,371 Accumulated depreciation (3,230,805) (3,257,006) Tools, furniture and fixtures, net 687,477 696,365 Land 4,472,253 4,453,280 Leased assets 215,084 272,879 Accumulated depreciation (119,322) (132,209) Leased assets, net 95,762 140,670 Construction in progress 135,881 154,288 Total property, plant and equipment 13,346,044 13,233,067 Intangible assets Software 792,880 742,869 Goodwill 121,268 89,317 Other 1,408,079 1,328,344 Total intangible assets 2,322,227 2,160,530 Investments and other assets Investment securities 2,379,718 2,565,932 Long-term loans receivable 57,175 54,609 Deferred tax assets 300,315 197,584 Other 2,017,361 1,929,193 Allowance for doubtful accounts (32,818) (32,671) Total investments and other assets 4,721,751 4,714,647 Total non-current assets 20,390,022 20,108,244 Total assets 52,904,827 51,827,735 3
(Thousands of yen) As of March 31, 2015 As of June 30, 2015 Liabilities Current liabilities tes and accounts payable - trade 8,240,981 7,493,908 Short-term loans payable 4,018,469 4,062,259 Current portion of bonds 500,000 500,000 Income taxes payable 144,693 165,900 Accrued expenses 983,043 1,011,384 Provision for bonuses 724,305 327,196 Lease obligations 42,601 48,813 Other 1,121,079 1,369,007 Total current liabilities 15,775,171 14,978,467 n-current liabilities Bonds payable 1,500,000 1,250,000 Deferred tax liabilities 25,943 38,742 Net defined benefit liability 2,686,740 2,646,435 Long-term accounts payable - other 279,818 279,767 Lease obligations 85,147 109,248 Other 621,791 622,018 Total non-current liabilities 5,199,439 4,946,210 Total liabilities 20,974,610 19,924,677 Net assets Shareholders' equity Capital stock 5,352,121 5,352,121 Capital surplus 5,040,199 5,040,199 Retained earnings 16,193,004 16,381,017 Treasury shares (24,969) (24,969) Total shareholders' equity 26,560,355 26,748,368 Accumulated other comprehensive income Valuation difference on available-for-sale securities 539,343 647,218 Foreign currency translation adjustment 2,568,890 2,329,614 Remeasurements of defined benefit plans (954,757) (906,472) Total accumulated other comprehensive income 2,153,476 2,070,360 n-controlling interests 3,216,386 3,084,330 Total net assets 31,930,217 31,903,058 Total liabilities and net assets 52,904,827 51,827,735 4
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative) Consolidated statements of income (cumulative) June 30, 2014 (Thousands of yen) June 30, 2015 Net sales 17,295,156 18,578,576 Cost of sales 13,371,189 14,223,545 Gross profit 3,923,967 4,355,031 Selling, general and administrative expenses 3,337,871 3,642,362 Operating income 586,096 712,669 n-operating income Interest income 2,883 8,283 Dividend income 34,607 46,249 Rent income on non-current assets 15,766 13,585 Other 44,850 77,858 Total non-operating income 98,106 145,975 n-operating expenses Interest expenses 17,542 15,854 Foreign exchange losses 50,422 66,062 Other 22,673 14,392 Total non-operating expenses 90,637 96,308 Ordinary income 593,565 762,336 Income before income taxes and minority interests 593,565 762,336 Income taxes - current 95,716 149,738 Income taxes - deferred 111,025 114,578 Total income taxes 206,741 264,316 Profit 386,824 498,020 Profit attributable to non-controlling interests 55,934 81,257 Profit attributable to owners of parent 330,890 416,763 5
Consolidated statements of comprehensive income (cumulative) (Thousands of yen) June 30, 2014 June 30, 2015 Profit 386,824 498,020 Other comprehensive income Valuation difference on available-for-sale securities 21,943 110,751 Foreign currency translation adjustment (265,752) (228,283) Remeasurements of defined benefit plans, net of tax 23,518 48,285 Share of other comprehensive income of entities accounted for using equity method 4,904 (5,744) Total other comprehensive income (215,387) (74,991) Comprehensive income 171,437 423,029 Comprehensive income attributable to Comprehensive income attributable to owners of parent 180,078 333,648 Comprehensive income attributable to non-controlling interests (8,641) 89,381 6