Consolidated Financial Results for the Third Quarter …

1 (millions)(millions)(millions)Nine monthsNine monthsFY2010, Nine monthsended Dec. 31ended Dec. 31ended Mar. 31, ended Dec. 312010201120112011 Net Sales72,72461,30494,431$ Income4,274274,396$ (Loss) Before Income Taxes4,222973,835$ and Minority InterestsNet Income (Loss)2,760452,571$ Per Share of Common Stock:Basic Earnings (Loss) Operating Results for the Nine-Months ended December 31, 2011 E-mail: Consolidated Financial Results is unaudited / GAPP is not appliedb. Net Sales by Business Segmenta. Consolidated Results of Operations January 30, 2012 FOR IMMEDIATE RELEASEC onsolidated Financial Results for the Third Quarter ended December 31, 2011 (April 1, 2011 to December 31, 2011 )Contact : Corporate Communication Office, General Affairs Dept.

2 (URL: )FDK CORPORATIONL isting Code (Listing Stock Exchange: The Second Section of Tokyo Stock Exchange)Address : Hamagomu Bldg. 5-36-11 Shimbashi, Minato-ku, Tokyo (millions)(millions)(millions)(millions) Nine monthsNine monthsFY20 ,Nine monthsended Dec. 31ended Dec. 31ended Mar. 31, ended Dec. 312010201120112011 Batteries43,60939,59857,651$ Devices29,11521,70636,779$ ,72461,30494,431$ (millions)As of Mar. 31,As of Dec. 31,20112011 Total Assets58,95862,465 Total Net Assets4,9986,152 Shareholders' Equity6,3026,347 Shareholders' Equity % %c. Consolidated Financial PositionygYen(millions)Nine monthsNine monthsended Dec. 31ended Dec. 3120102011 Cash Flows from1,593500 Operating ActivitiesCash Flows from(1,517)(813)Investing ActivitiesCash Flows from(1,233)3,627 Financing ActivitiesCash and Cash Equivalents5,7557,186at End of PeriodConsolidated Subsidiaries16 companiesUnconsolidated Subsidiaries (equity method applied)- companiesAffiliates (equity method applied only)1 companies(Million of yen, except per share data)FY201 Change from FY2010FY2010 Net Sales 86,500( ) % 94,431 Operating Income 500( ) % 4,396 Net Income 200( ) % 2,571 Net Income per yen( )

3 % dollar amounts are translated from yen, for convenience only, at the rate of yen=$ percentage in this statement presents rate of change compared with the same period last Consolidated Statements of Cash Financial Forecast for the fiscal year 2011 ending March 31, All amounts less than one million yen have been for the use of the above forecasted business forecast described above is based upon information available as of October 25, 2011 .(1)Changes in significant subsidiaries during the period: Yes(2)Adoption of special accounting methods for presenting quarterly Consolidated Financial statements: No(3)Changes of accounting policies applied, changes in accounting estimates and retrospective restatement: No1)Changes resulting from revisions in accounting principles,etc.

4 : No2)Other changes: No1)Number of shares outstanding at the end of period (including treasury stocks).2)Number of treasury shares at the end of period3)Weighted average number of shares outstanding over period.(Information regarding the implement of quarterly review procedure)These quarterly Results are not subject to quarterly review , at the time of disclosure of these Financial Results , the quarterly Consolidated Financial statement review procedures based on the Financial Instrumentsand Exchange Law, are in months ended Dec. 31, 2011 : 217,277,550 shares Nine month ended Dec. 31, 2010: 217,284,904 sharesDecember 3 , 2011 : 217,505,884 shares March 31, 2011 :217,505,884 shares(4)Number of shares outstanding (common stock)3.

5 OthersDecember 31, 2011 : 229,756 shares March 31, 2011 : 226,920 sharesConsolidated Balance SheetsMillions of yenFY2010Q3/FY2011 Mar 31, 2011 Dec 31, 2011 AssetsCurrent assetsCash and deposits4,1637,498 Notes and accounts receivable-trade21,69020,453 Merchandise and finished goods3,2263,626 Work in process3,0683,800 Raw materials and supplies1,5131,819 Deferred tax assets179138 Other1,5842,411 Allowance for doubtful accounts(60)(48)Total current assets35,36639,699 Non-current assetsProperty, plant and equipmentBuildings and structures, net7,8797,527 Machinery, equipment and vehicles, net7,9997,626 Tools, furniture and fixtures, net659771 Land3,4933,392 Lease assets, net440497 Construction in progress367423 Total property, plant and equipment20,84120,238 Intangible assets908832 Investments and other assetsInvestment securities131140 Long-term loans receivable84 Deferred tax assets228214 Other1,4731,336 Allowance for doubtful accounts(0)(0)

6 Total investments and other assets1,8411,696 Total non-current assets23,59122,766 Total assets58,95862,465Li bilitiLiabilitiesCurrent liabilitiesNotes and accounts payable-trade16,73917,704 Short-term loans payable19,65023,423 Lease obligations263300 Accounts payable-other1,9352,091 Income taxes payable415163 Provision for loss on desaster322156 Other3,4952,066 Total current liabilities42,82345,907 Non-current liabilitiesLease obligations496455 Deferred tax liabilities12 Provision for retirement benefits7,4497,319 Negative goodwill2,8462,277 Other342350 Total non-current liabilities11,13610,405 Total liabilities53,95956,313 Net assetsShareholders' equityCapital stock28,30128,301 Capital surplus22,62222,622 Retained earnings(44,580)(44,534)Treasury stock(41)(41)Total shareholders' equity6,3026,347 Accumulated other comprehensive incomeValuation difference on available-for-sale securities37 Foreign currency translation adjustment(1,916)(2,503)Total accumulated other comprehensive income(1,912)(2,496)

7 Minority interests6082,301 Total net assets4,9986,152 Total liabilities and net assets58,95862,465 Consolidated Statements of IncomeMillions of yenQ3/FY2010Q3/FY2011 Apr'10-Dec'10 Apr'11-Dec'11 Net sales72,72461,304 Cost of sales59,88253,501 Gross profit12,8417,803 Selling, general and administrative expenses8,5667,775 Operating income4,27427 Non-operating incomeInterest income1415 Amortization of negative goodwill569569 Rent income2413 Other141188 Total non-operating income748786 Non-operating expensesInterest expenses180118 Foreign exchange losses691523 Loss on retirement of non-current assets133186 Other148196 Total non-operating expenses1,1531,024 Ordinary income (loss)3,869(210)

8 Extraordinary incomeReversal of provision for compensation for damage- 117 Reversal of provision for loss on disaster- 105 Gain on sales of land- 85 Gain on liquidation of subsidiaries and affiliates423- Subsidy219- Gain on donation of noncurrent assets117- Total extraordinary income759307 Extraordinary lossLoss on retirement of noncurrent assets174- Loss on change of contract143- Other88- Total extraordinary loss406- Income before income taxes4,22297 Income taxes-current873147 Income taxes-deferred57252 Total income taxes1,445199 Income (loss) before minority interests2,777(101)Minority interests in income17(147)Net income2,76045 Consolidated Statements of Comprehensive Income Millions of yenQ3/FY2010Q3/FY2011 Apr'10-Dec'10 Apr'11-Dec'11 Income (loss) before minority interests2,777(101)Other comprehensive income Valuation difference on available-for-sale securities(1)4 Deferred gains or losses on hedges45- Foreign currency translation adjustment(1,113)(561) Share of other comprehensive income of associates accounted for using equity method(113)(33)

9 Other comprehensive income(1,182)(590)Comprehensive income1,594(691) Comprehensive income attributable to Comprehensive income attributable to owners of the parent1,587(538) Comprehensive income attributable to minority interests7(153) Consolidated Statements of Cash FlowsMillions of yenQ3/FY2010Q3/FY2011 Apr'10-Dec'10 Apr'11-Dec'11 Net cash provided by (used in) operating activitiesIncome before income taxes4,22297 Depreciation and amortization2,7222,632 Gain on liquidation of subsidiaries and affiliates(423)- Subsidy income(219)- Gain on donation of noncurrent assets(117)- Loss on change of contract143- Equity in (earnings) losses of affiliates2979 Increase (decrease) in provision for retirement benefits(184)(129)Increase (decrease) in allowance for doubtful accounts(45)(7)Interest and dividends income(15)(44)Interest expenses180118 Foreign exchange losses (gains)2812 Loss (gain) on sales of property, plant and equipment(4)(83)Loss on retirement of non-current assets307186 Amortization of negative goodwill(569)(569)Decrease (increase) in notes and accounts receivable-trade(1,859)521 Decrease (increase) in inventories(2,641)(1,708)Increase (decrease)

10 In notes and accounts payable-trade1,7111,837 Increase (decrease) in accrued expenses(448)(1,108)Other, net(633)(822)Subtotal2,1841,009 Interest and dividends income received1544 Proceeds from subsidy219- Interest expenses paid(170)(159)Income taxes paid(655)(394)Net cash provided by (used in) operating activities1,593500 Net cash provided by (used in) investing activitiesPayments into time deposits(11)(309)Proceeds from withdrawal of time deposits33 Purchase of property, plant and equipment(1,550)(2,442)Proceeds from sales of property, plant and equipment507129 Purchase of intangible assets(373)(41)Purchase of investment securities(23)(2)Proceeds from sales of investment securities16- Proceeds from sales of stocks of subsidiaries and affiliates- 1,846 Other, net(86)3 Net cash provided by (used in) investing activities(1,517)(813)Net cash provided by (used in) financing activitiesNet increase (decrease) in short-term loans payable(696)3,845 Repayment of long-term loans payable(357)- Purchase of treasury stock(0)(0)Repayments of finance lease obligations(178)(216)Net cash provided by (used in) financing activities(1,233)3,627 Effect of exchange rate change on cash and cash equivalents(498)(285)