30 July 2012

FY2012 1Q Business ResultsFY2012 1Q Business Results

1

Fujikura Ltd.

Contents

1. Impact of the Floods on Business results

2. Summary of FY2012 1Q business results and estimation of 1st half business results

3. Segment Information

2

Summary of FY2012 1Q business results

and estimation of 1st half business results�

Billions of yen

�

Latest

Estmation

FY2011

1Q

FY2011

1st HalfFY2011

FY2012

1Q

FY2012

1st Half

FY2012

1st HalfFY2012

Net Sales 132.9 268.2 509.0 120.6 240.0 240.0 500.0

Operating Income 3.4 6.3 13.3 3.2 5.0 5.0 13.0

Operating Income Margin�%� 2.6 2.4 2.6 2.7 2.1 2.1 2.6

Equity Method Income (Loss) 0.4 0.3 0.8 0.1 0.2 0.2 1.1

Ordinary Income (Loss) 3.0 4.9 9.1 2.8 3.0 3.0 9.0

Net Income (Loss) 0.1 1.0 (0.6) (1.1) 0.0 0.0 4.0

Net Income per Share (JPY) 0.46 2.81 (17.28) (3.27) 0 0 11.09

Devidend per Share (JPY) - - 5.0 - 2.5 2.5 5.0

Devidend Ratio (%) - - 45.1

Exchange Rate�JPY/USD�

�Average for Periods�

Copper Price �'000/ton��Average for Period�

Results

79.07 80.19 80.0079.50

Projection on May 9

80.00

650650772 673718

81.72 79.74

650793

3

1. Impact of the Floods on Business results

4

Impact of the Floods on Business results ���

The latest status of Recovery

� The fixed cost related to the suspended operations and cost for the recovery of production bases which suffered damage by the flood still affect on the business results.

� FPC business division will recover more than 70% of production capacity for the double-sided and multi-layer FPC within the 1st half of FY2012 as originally projected and enhance the production system with the aim of receiving the orders.

� Connector business division has recovered the production systems in the 1Q FY2012 and maintains the equivalent level of net sales as pre-flood.

� FPC business division will establish the new production base in the higher altitude area (Kabinburi Industrial Zone) in Thailand by the end of FY2012, as originally planned.

5

������� ��������� ������������������

�Billions of yen�

FY2011

1Q

�Results� A

FY2012

1Q

�Results� B

GAP

(B – A)

FPC 16.1 3.5 (12.6)

Connector 7.0 7.2 0.2

Others 9.7 7.2 (2.5)

Automotive

Components13.6 22.2 (8.6)

Electronics & AutoTotal Net Sales 46.6 40.3 (6.3)

Operating Income (0.6) (0.5) 0.1

6

� The results of FY2011 1Q includes negative impact from the Great East Japan

Earthquake by JPY 6.0 billion in net sales and by JPY 2.0 billion in operating income.

The GAP in net sales and operating income between FY2011 1Q and FY2012 1Q in

excluding such impacts are respectively JPY 12.3 billion and JPY 1.9 billion.

�Billions of yen�

FY2011 FY2012

GAP�B - A�

FY2012

1QResults

2QResults

1st HalfResults

A

1QResults

2Q

�Est.�

1st half

�Est.�B

1st Half�Projection on May 9�

FPC 16.1 18.4 34.5 3.5 5.0 8.5 (26.0) 9.5

Connector 7.0 8.8 15.8 7.2 7.9 15.1 (0.7) 16.0

Others 9.7 9.7 19.4 7.2 7.5 14.7 (4.7) 14.3

Automotive Components

13.6 17.0 30.6 22.2 21.9 44.1 13.5 42.1

Electronics & AutoTotal Net Sales 46.6 53.9 100.5 40.3 42.2 82.5 (18.0) 82.0

Operating Income (0.6) 1.8 1.1 (0.5) (0.9) (1.4) (2.5) (1.3)

7

������� ��������� ������������������

� The results of FY2011 1Q includes negative impact from the Great East Japan

Earthquake by JPY 9.0 billion in net sales and by JPY 2.5 billion in operating income.

The GAP in net sales and operating income between FY2011 1Q and FY2012 1Q in

excluding such impacts are respectively JPY 27.0 billion and JPY 5.0 billion.

FY2011

2nd half Results

FY2012

1Q Results

Extraordinary Profit

Received Insurance 15.4 0.6

Extraordinary Loss

Repair and restoration Expenses (1.8)

Loss of fixed asset and inventory assets and others (16.0)

Fixed cost related to suspended operations and others (5.8) (1.5)

Restructuring cost and others (1.6)

Loss Total (23.4) (3.2)

Grand Total (8.0) (2.6)

�������

Extraordinary Profit & Loss

� Posted the cost for repairing and restoration at the facilities which suffered the flood damage

� The fixed cost related to the suspension of operation is decreasing as recovery of operation in progress

� Restoration cost such as repairing expenses required aftertime and procurement cost of alternative equipment for the lost asset shall be covered by the insurance

(Billions of yen)

8

2�Summary of FY2012 1Q business results and estimation of 1st half business results

9

Summary of FY2012 1Q business results

and estimation of 1st half business results

( Billions of yen

�

Latest

Estmation

FY2011

1Q

FY2011

1st HalfFY2011

FY2012

1Q

FY2012

1st Half

FY2012

1st HalfFY2012

Net Sales 132.9 268.2 509.0 120.6 240.0 240.0 500.0

Operating Income 3.4 6.3 13.3 3.2 5.0 5.0 13.0

Operating Income Margin�%� 2.6 2.4 2.6 2.7 2.1 2.1 2.6

Equity Method Income (Loss) 0.4 0.3 0.8 0.1 0.2 0.2 1.1

Ordinary Income (Loss) 3.0 4.9 9.1 2.8 3.0 3.0 9.0

Net Income (Loss) 0.1 1.0 (0.6) (1.1) 0.0 0.0 4.0

Net Income per Share (JPY) 0.46 2.81 (17.28) (3.27) 0.00 0.00 11.09

Devidend per Share (JPY) - - 5.0 - 2.5 2.5 5.0

Devidend Ratio (%) - - 45.1

Exchange Rate�JPY/USD�

�Average for Periods�

Copper Price �'000/ton��Average for Period�

81.72 79.74

650793 772 673718

Projection on May 9

80.00

650650

Results

79.07 80.19 80.0079.50

10

Summary of FY2012 1Q business results

and estimation of 1st half business results

� Net sales excluding the impact from higher yen and the sudden drop of copper price, declined significantly at year-on-year affected by the flood in Thailand even though it had recovered from the demand drop due to the Great East Japan Earthquake.

� Operating income was JPY 3.2 billion which is the same level as the last fiscal year, because of the recovery of the demand due to the Great East Japan Earthquake and the increasing demand for the emerging countries, despite decrease in the profit affected by the flood in Thailand.

� Net income was JPY minus 1.1 billion as a result of recording JPY 3.6 billion of the damage and loss for the flood in Thailand and others, as the extraordinary loss.

� The forecast of 1st half business results remains unchanged from the projection dated May 9; net sales: JPY 240 billions, operating income: JPY 5.0 billions, net income: zero.

11

�����

�����

�����

FY2011 1Q FY2012 1Q

Canyon chart between FY2011 1Q and FY2012 1Q

�Billions of yen�

Net salesNet sales

(1.6)

Decline by the

higher yen

Exclusion of the

negative affect by

the Great East

Japan Earthquake

Compared with FY2011 1Q: (12.3)

Decline by the

sharp drop of

copper price

(3.6)

12

+7.0

Exclusion of special

factor �

(14.1)

Declined due to the

Flood in Thailand

������

FY2011 1Q FY2012 1Q

Canyon chart between FY2011 1Q and FY2012 1Q

�

Billions of yen�

Operating incomeOperating income

(0.3)

Decline by the

higher yen

Exclusion of

special factor �

(2.8)

Compared with FY2011 1Q (0.2)

13

Decline by the

sharp drop of

copper price

+0.2

Exclusion of the

negative affect by

the Great East

Japan Earthquake

+2.7

Declined due to the

Flood in Thailand

Summary of FY2012 1Q business results

FY2011

1Q

FY2012

1QGAP

Operating Income 3.4 3.2 (0.2)

Equity Method Income

(Loss)0.4 0.1 (0.3)

Ordinary Income 3.0 2.8 (0.1)

Extraordinary Profit 0.0 0.9 0.9

Extraordinary Loss 1.3 3.6 2.3

Income before TAX 1.6 0.2 (1.5)

TAX expenses 1.3 1.2 (0.1)

Minority interest 0.1 0.1 0.0

Net Income 0.1 (1.1) (1.3)

� Extraordinary profit and loss

Major item of extraordinary loss

Major item of extraordinary loss

�

Billions of yen

�

FY2012 1Q

Damage and loss by the Flood in Thailand

3.2

14

Major item of extraordinary profit

Major item of extraordinary profit

FY2012 1Q

Received insurance 0.6

������������ �����

As of March

31, 2012

As of Jun

30, 2012GAP

�Assets� 489.4 508.8 19.4

Current Assets 251.7 265.1 13.4

Cash and Deposits 59.6 75.4 15.7

Notes and Account receivable 116.4 112.2 (4.1)

Inventories 53.1 55.0 1.9

Fixed Assets 237.7 243.7 5.9

Tangible Fixed Assets 147.6 152.5 4.9

Intangible Fixed Assets 5.6 8.3 2.7

Sub-Total 153.2 160.9 7.6

Total Investments

and Other assets84.4 82.7 (1.7)

�

Billions of yen

�15

Increased due to

the advance

funding for

repayment of

long-term loan

������������ ������

Billions of yen

�

As of March

31, 2012

As of Jun

30, 2012GAP

Total 489.4 508.8 19.4

�Liabilities� 305.2 332.9 27.6

Notes and Account

Payable74.6 66.7 (7.9)

Interest-bearing Debt 168.3 200.2 31.9

Other Current Liability 41.7 45.4 3.6

�Net Assets� 184.2 175.9 (8.2)

Shareholder’s Equity 192.5 190.5 (2.0)

Total Valuation and

Translation Adjustments(20.2) (26.3) (6.1)

Minority Interests 11.8 11.8 (0.0)

16

Increased due to the

advance funding for

repayment of long-

term loan

3. Segment Information

17

Net sales Operating Income and Margin

Segment FY2011 1Q

FY2012

1Q

FY2012

2Q

(Est.�

FY2012

1st half

(Est.�

FY2011

1�

FY20�2

1�

FY2012

2�

�Est.�

FY2012

1st half

�Est.�

Telecom-

munications26.6 27.9 26.8 54.7

2.8 1.9 1.0 2.9

10.6% 6.8% 3.7% 5.3%

Electronics & Auto

46.6 40.3 42.2 82.5(0.6) (0.5) (0.9) (1.4)

(1.3)� (1.3)% (2.1)% (1.7)%

Metal cable & Systems

54.3 48.2 46.2 94.4(0.1) 0.3 0.4 0.7

(0.2)� 0.8� 0.9� 0.8�

Real estate 2.7 2.7 2.7 5.41.3 1.3 1.2 2.5

48.1% 48.1% 43.1% 45.6%

Others 2.6 1.4 1.5 2.90.0 0.1 0.1 0.2

0.0% 7.1% 4.6% 5.8%

Consolidated Total

132.9 120.6 119.4 240.03.4 3.2 1.8 5.0

2.6% 2.7% 1.5% 2.1%

Result and Estimation by quarter and segment

�Billions of yen�

18

Telecommunications

Engineering

� The favorable demand in the market in China in FY2012. Revenue increased due to the recovery demand of the Great East Japan Earthquake and the full operation of optical fiber preform manufacturing in China

� Net sales in FY2012 2Q is estimated to be the same level as FY2011 1Q

Optical Components

� The arc fusion splicer had favorable sales in China and the demand of optical components in both domestic and overseas market was strong

� FY2012 2Q is estimated to be decreased in revenue due to severe competitions and decreasing demand in the arc fusion splicer caused by the seasonal factors

Optical fiber/Cable

� The revenue of FY2012 1Q decreased due to slack demand in the United States

� The revenue of FY2012 2Q is estimated to remain same

�FY2012 1Q results was decreased in profit due to the increasing competition in the domestic market despite increase in revenues reflecting the strong demand in China

�The revenue and profit of optical components estimated to be decreased, and the ones of both optical fiber/cable and engineering estimated to remain same, in FY2012 2Q

Net salesNet sales�

Billions of yen

�

4.6 3.9 3.8

14.8

14.715.8

8.28.17.3

27.926.6 26.8

10.6%

6.8%

3.7%

FY2011 1Q FY2012 1Q FY2012 2Q

(Est.)

Optical Fiber/Cables

Optical Components

Engineering

Operating Income Margin

19

Electronics & Auto

�Automotive components division recovered from the Great East Japan Earthquake, but Electronics division suffered the damage by the Flood in Thailand. As a result, the revenue of the segment decreased at year-on-year

�Electronics division is estimated to increase in revenue. Automotive components division is estimated to decrease in revenue and income because of summer shut down in Europe despite steady demand in the emerging countries

� The revenue still decreased due to the Flood in Thailand in FY2012 1Q

� The revenue is estimated to increase as the major factories restarts the operation and accordingly receives the new orders

Connector

Net salesNet sales�

Billions of yen

�

Automotive Components

� Steady results in FY2012 1Q by contribution of the sales for mobile phone base stations

� The revenue is estimated to increase by receiving strong orders of smartphones

� The revenue still decreased due to the Flood in Thailand in FY2012 1Q

� The revenue is estimated to increase due to favorable demand of the components for HDD in F2012 2Q

Other Electronics

� The revenue in FY2012 1Q increased due to the demand of Japanese customers recovering from the earthquake and increasing demand mainly from the emerging countries

� FY12012 2Q is estimated to decrease in revenue and income because of summer shut down in Europe despite steady demand in the emerging countries

FPC

21.922.1

13.6

7.57.2

9.7

7.97.27.0

16.1 5.03.5

46.640.3 42.2

�

���%�

1.3%�

��3%

FY2011 1Q FY2012 1Q FY2012 2Q

(Est.)

FPCConnectorOther ElectronicsAutomotive ComponentsOerating Income Margin

20

Metal Cable & Systems

Metal Cable & Systems

� The profit in FY20121 1Q was restored due to the favorable demand of OPGW in the United States and the structural reform of the business despite the decrease in revenue because of copper price drop and downturn in the construction market

� The operating income in FY2012 2Q is estimated to remain same

�Tough environment in the power utility market in Japan

�Continue to improve the profitability by the structural reform of the business

Net SalesNet Sales

46.248.2

54.3

�0.2% 0.8% 0.9%

FY2011 1Q FY2012 1Q FY2012 2Q (Est.)

Operting Income Margin

������

��

������

��

�������

������

������������

���������������

������ ������!�������"#

$%& '$& '(�

21

(Billions of yen)

22

Special Notes�Statements in this presentation that relate to future results and events (including statements regarding Fujikura’s revenue and earnings guidance) are based on Fujikura’s current expectations. Actual results in future periods may differ materially from those currently expected because of a number of risks and uncertainties.These factors include the effects of general economics on the level of demand for Fujikura’s products and services, and on Fujikura’s ability to manage supply and delivery logistics; the level and intensity of competition in the electronic an telecommunication equipment industries, pricing pressures that result, the ability of Fujikura to timely and effectively manage product transitions, component/material availability and cost; the ability of Fujikura to develop new products based on new or evolving technology; and the ability of Fujikura to manage its inventory levels to minimize excess inventory.

Contact:Investor Relation Group Tel: +81-305606-1112, FAX: +81-3-5606-1539, E-mail: wwwadmin@fujikura.co.jp

����������� � �� �� �� �� �� ������� ������� ������ �� �� � ��!" ��� ����� ��!"#$%&'() *&+,-./(+), 0!� 0!1 0!2 3!� ��!3 �2!0 ��!2 3!� 3!� �1!� �2!�#$%&'() /45$46,6%7 ��!0 ��!0 ��!0 �2!1 �3!� ��!� 23!1 �2!3 ��!3 ��!1 �8!196:&6,,-&6: �!1 �!2 �!1 �!� 8!� 0!8 �0!� �!8 �!3 0!0 8!��1!1 �2!0 �2!0 �3!� 2�!� 2�!3 ��1!� �0!8 �1!3 2�!0 2�!8*;/ �1!� �3!� 3!� 2!� ��!2 ��!� �0!8 �!2 2!� 3!2 8!2/466,'%4- 0!� 3!3 0!� 0!� �2!3 ��!� ��!� 0!� 0!8 �2!� �1!�<=%454%&>,/45$46,6%7 ��!1 �0!� �8!2 ��!8 ��!1 ��!� 0�!� ��!� ��!8 ��!� ��!�#%?,- ,),'%-46&'7 8!0 8!0 2!� 0!� �8!� ��!2 ��!8 0!� 0!2 ��!0 ��!��1!1 2�!8 ��!� ��!� ���!2 3�!1 �3�!� ��!� ��!� 3�!2 3�!�2�!� 2�!1 �3!� �3!3 ���!8 80!� ���!8 �3!� �1!� 8�!� 81!��!0 �!3 �!0 �!0 2!2 2!� ��!8 �!0 �!0 2!� 2!2�!1 �!� �!� �!8 �!8 �!� 3!� �!� �!2 �!8 �!����!8 ��2!� ��8!� ���!1 �13!� ���!0 2�8!� ���!1 ��8!� ���!� ���!�@AB �CDE CDFGH �!3 �!0 �!� �!� �!� �!� 1!0 �!8 �!� �!8 �!0��!1" �!3 ��!�" � �!� ��!�" �!8 ��!2" ��!8" ��!�" ��!�"��!�" ��!0" �!� �!3 ��!3" �!� �!� �!� �!� �!0 �!��!� �!� �!� �!� �!1 �!� 2!� �!� �!� �!2 �!�� ��!�" �!� �!� ��!�" �!� �!� �!� �!� �!� �!��!� �!8 �!� �!1 1!� 0!� ��!� �!� �!3 2!� 2!�

�����������

9-,() 97%(%,

������������

9),'%-46&'7 I <=%4J,),'455=6&'(%&467

9-,() 97%(%,9),'%-46&'7 I <=%4

��� K��� L�������MNLO PQ�P�L� R�S 8TUVWXYZ [\Y UZ]^_[]^W\Z W` \U] Z[aUZ [\Y WbUX[]^\c ^\VW_U de ZUc_U\]

f,%() /(+), I gh7%,57f,%() /(+), I gh7%,57#%?,-7J4%()

#%?,-7J4%()J,),'455=6&'(%&467