Fujikura : Consolidated Financial Results (Japanese Accounting Standards) for the Fiscal Year Ended March 31, 2023

Consolidated Financial Results (Japanese Accounting Standards)

for the Fiscal Year Ended March 31, 2023

May 12, 2023

Company name:	Fujikura Ltd.
Stock exchange listing:	Prime Market of TSE
Code No. :	5803
URL:	https://www.fujikura.co.jp/
Representative:	Naoki Okada, Director, President and CEO
Contact:	Toru Hamasuna,
	Executive Officer
	General Manager of Corporate Strategy Planning Division

Tel. [phone]

Scheduled date of ordinary general meeting of shareholders: June 29, 2023

Scheduled filing date of the securities report: June 29, 2023

Scheduled dividend payment date: June 30, 2023

(The figures are rounded to the nearest million yen.)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022－March 31, 2023)

1. Consolidated financial results

(Percentages represent changes compared to the same period of the previous fiscal year.)

	Net sales				Operating income		Ordinary income		Profit attributable to
						owners of parent
	Million yen	%		Million yen		%		Million yen	%		Million yen	%
Fiscal Year ended	806,453	20.3		69,411		81.3			67,146	97.0		40,311	3.1
March 31, 2023
Fiscal Year ended	670,350	4.1		38,288		56.8			34,089	85.5		39,101	－
March 31, 2022
Notes: Comprehensive Income: Fiscal year ended March 31, 2023			58,374	million yen	(1.5) %
	Fiscal year ended March 31, 2022			59,274	million yen	495.8%
	Net income			Diluted net	Net income to	Ordinary income	Operating income
				income	shareholders'
	per share				capital ratio	to net sales
			per share		equity
	Yen				Yen				%		%		%
Fiscal Year ended	146.17				－				16.4		10.6		8.6
March 31, 2023
Fiscal Year ended	141.85				－				20.4		5.8		5.7
March 31, 2022
Reference: Equity in earnings of affiliates:
Fiscal year ended March 31, 2023	2,055	million yen
Fiscal year ended March 31, 2022	2,103	million yen

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(2) Consolidated financial position

		Total assets		Net assets			Equity ratio		Net assets per share
			Million yen		Million yen		%		Yen
As of March 31, 2023		656,537		293,813		41.1	978.84
As of March 31, 2022		611,526		243,657		36.1	799.76
Reference: Shareholders' equity:
Fiscal year ended March 31, 2023	269,967	million yen
Fiscal year ended March 31, 2022	220,492	million yen
(3) Consolidated cash flows
			Operating	Investing			Financing		Cash and
						cash equivalents at
			cash flow	cash flow			cash flow
						end of period
			Million yen	Million yen	Million yen		Million yen
Fiscal Year ended		58,140	(9,733)	(33,919)		106,560
March 31, 2023
Fiscal Year ended		40,388		7,840	(36,917)		90,428
March 31, 2022

2．Dividends Payments

Dividend per share		Total	Dividend	Dividends
Interim	Year-end	Annual	dividends	payout ratio	to net assets
(Sep. 30)	(Mar. 31)	(Annual)	(Consolidated)	(Consolidated)
Yen	Yen	Yen	Million yen	%	%

Fiscal Year ended	0.00	10.00	10.00	2,764		7.1	1.4
March 31, 2022
Fiscal Year ended	13.00	17.00	30.00	8,292		20.5	3.4
March 31, 2023
Fiscal Year ending
March 31, 2024	22.50	22.50	45.00			30.3
(forecast)

3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2024 (April 1, 2023－March 31, 2024)

							Profit attributable to	Net
	Net sales		Operating income	Ordinary income	income
		owners of parent
							per share
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
1st half of FY ending	370,000	(7.3)	24,000	(31.9)	20,000	(48.1)	10,000	(68.5)	36.26
March 31, 2024
FY ending	770,000	(4.5)	60,000	(13.6)	55,000	(18.1)	41,000	1.7	148.66
March 31, 2024

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4. Others

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries ("tokutei kogaisha") as

amended, involving changes in the scope of consolidation): Yes

Excluded: AFL IG LLC

(2) Changes in accounting policies, changes in accounting estimates and restatements (to be described in "Changes in significant matters concerning the preparation of consolidated financial statements")

1. Changes in accounting policies due to revisions of accounting standards, etc. : Yes

(ii)	Changes in accounting policies Other than (i)	: No
(iii)	Changes in accounting estimates	: No
(iv)	Restatements	: No

1. Number of issued shares (common stock)
2. 1. Number of issued shares at end of period (including treasury stock)

As of March 31, 2023:	295,863,421	Shares
As of March 31, 2022:	295,863,421	Shares

1. Number of shares of treasury at end of period

As of March 31, 2023:	20,060,954	Shares
As of March 31, 2022:	20,166,788	Shares

1. Average number of outstanding shares during period

FY ended March 31, 2023:	275,776,389	Shares
FY ended March 31, 2022:	275,647,619	Shares

Notes: The Company has introduced a stock-based compensation plan by means of a trust for the Company's Directors. The number of shares held in this trust account are included in the number of treasury stock.

Notes: concerning the appropriate use of financial forecasts and other significant matters (Notes on future financial results statements)

These forecasts are based on information available to the Company on the date hereof. Actual financial results may differ from these forecasts due to various factors.

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