For Institutional Investors/Analystssts

Consolidated Financial Results
for the Third Quarter of the Fiscal Yearending March 2020
Nine months: April 1, 2019 – December 31, 2019

February 6, 2020
KAGA ELECTRONICS CO., LTD.
TSE 1st section 8154

Index Consolidated Financial Results
for the Third Quarter of the Fiscal Yearending March 2020
SummaryP- ２
Financial Highlights /Financial Highlights by Business Segment（ 9 months） P- ３〜 8
Financial Highlights /Financial Highlights by Business Segment（ 3 months） P- 9〜14
Balance Sheet Main Items
P-15〜17
Forecast for the Fiscal Year ending march 2020
P-18〜20
 <Reference> Segment disclosure associated withthe start of the Medium-Term Management Plan

P-21〜26

Summary of Financial Results for the Third Quarter Ended December 31, 2019

FY2019/3 3Q
Results

Overview of
the Electronic
Component
segment
Overview oftheInformation
Equipment
segment

Forecast for
FY2020/3

 As in the first half, momentum is strong, with revenue surpassing
company targets.
 Close to twofold increase in net sales with contribution from theconversion of Fujitsu Electronics to a subsidiary.
 Operating income and ordinary income reached record-high levels, driven
by the effect of the acquisition and the solid performance of the Electronic
Component business.
 Sales expansion in the EMS business notably in the areas of medical
equipment and automotive devices.
 In the component sales business, LED modules for automotive applications
and consumer devices were solid. Fujitsu Electronics contributed to Groupearnings with mobile phones and automotive applications.
 Strong sales of PCs for individuals, schools, and educational institutions
driving overall growth of PC sales.
 The LED installation business affected by a pause in replacement demand
from major customers. Revenue declined for housing-related homeelectronic appliance sales due to the ongoing impact of delivery dateadjustments by customers.
 In light of solid progress through Q3, forecasts for net sales, operating
income and ordinary income were revised upward.
Forecasts for operating income and ordinary income have changed from aforecast of lower income to a forecast of higher income.
 Initial forecastswere left unchanged as the Company expects to post costs
related to for net income structural reforms.

© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

2

Financial Highlights（ 9 months）（ Million yen ）FY2019/3

FY2020/3

3Q Results

3Q Results

YoY

Net sales

173,782

338,801

95.0%

Gross profit

24,02335,245

46.7%

13.8%

10.4%

- 3.4pt

SG&A

18,27527,513

50.6%

Operating income

5,748

7,732

34.5%

Ordinary income

6,000

7,975

32.9%

Profit attributableto owners of parent

4,875

4,924

1.0%

(Yen)

177.69179.431.74

US$ (Yen)

111.14108.672.47

Gross profit margin

EPS
FOREX

© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

3

Financial Highlights by Business Segment（ 9 months）（Million yen )Net Sales

Segment income

338,801
13,696
1,788
29,789

Total

Total

YoY︓

YoY︓＋165,018＋95.0%＋34.5%

OthersYoY ︓+1,983

Others

- 874
- 6%

YoY ︓

- 51
- 12.3%

7,732
Sofware173,782

YoY ︓

14,5701,943
32,374

293,527

Sofware- 155- 8.0%

5,748

Information equipment
YoY ︓- 2,585- 8.0%

415
122
1,339

Electronic component
YoY ︓

124,8932019/3
3Q Results

2020/3
3Q Results＋168,633+135.0%

364
9
854

3,780

- 112
- 92.0%Information equipment
YoY ︓

6,418

2019/3
3Q Results

YoY ︓

- 484
- 36.2%

Electronic component
YoY ︓+2,638＋69.8%

2020/3
3Q Results

Note: Figures of each segment income are not inter-segment adjusted.
Total amount is inter-segment adjusted (operating income).
© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

4

Financial Highlights: Electronic Component Segment （9 months）（ Million yen ）Net sales/Segment income

YoY Net sales ＋168,633million Yen 135.0％UP
 Segment+2,638million Yen 69.8％UP
Income293,527

Steady performance of the EMS businessled by medical equipment and automotive
devices

124,893

6,418
3,780

売上2019/3 利益

3Q R esults© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

The component sales business isbenefiting from the strong performanceof LED for automotive devices andconsumer devices. In addition, revenue
from Fujitsu Electronics mobile phones
and automotive devices businesses madenew contributions.

売上 2020/3 利益

3Q R esults

5

Financial Highlights: Information Equipment segment （9 months）（ Million yen ）Net sales/Segment income
350 00YoY
500 032,374450 029,789300 00400 0

 Net sales
 Segment
Income- 2,585million Yen

8.0％Down- 484 million Yen 36.2％Down

PCs and PC peripherals for individuals,
schools, and educational institutions record
strong sales.

350 0

250 00

300 0

250 0

200 00

Pause in replacement demand forcommercial facilities-related LED installation
business, Sales in the housing-related homeelectric appliances business were low.

200 0

1,339

150 0

854

150 00100 0

500

100 000

2019/3
3QResults

2020/3
3QResults

6© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

Net Sales by Region （9 months）（Million Yen)

Net sales

YoY Japan

338,801+94,616million Yen

89.0％UP North America +13,579million Yen 217.7％UP+13,316million Yen 411.7％UP
 Europe Asia+43,505million Yen

75.1％UP

Japan

200,
975 [59.3%]

173,782106,358 [61.2%]
6,
237
3,
234

19,
817

[5.9%]

16,551[4.9%]

North America
Europe[3.6%][1.9%]

101,
457 [29.9%]

Asia

57,
952 [33.3%]
2019/3
3Q Results

2020/3
3Q Results© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

7

Financial Highlights︓Breakdown for Kaga Electronics/Fujitsu Electronics※Inm illion yen,figuresin( )aresim ple sum s.ActualfiguresofFujitsu Electronicsforthepreviousperiod areforreference only.

Net Sales

Gross profit / Gross profit margin

Fujitsu Electronics contributes to consolidated results,
EMS business drives Kaga Electronics' sales growth(349,902)
158,682
338,801

Kaga Electronics posts increase in gross profit, FujitsuElectronics sees improvement in gross profit margin
35,245
10,675(35,137)
450 00100 .0 0%

95.00 %

90.00 %

400 0085.00 %

80.00 %

350 00Fujitsu 176,120
Electronics

Fujitsu 11,114
Electronics
300 0070.00 %

24,56265.00 %

60.00 %

250 00180,118

200 0013.8%

55.00 %

13.6%

50.00 %

6.7%

150 00Kaga 24,023
Electronics

Kaga
173,782
Electronics
201 9

10.4%

30.00 %

25.00 %

500 0

Fujitsucomsolidated
Electronics

Kaga
Electronics

富士通エレクトロニクス

20.00 %

15.00 %

6.3%

10.00 %

5.00%

0
201 9

連結

2019/3
3Q R esults

2020/3 3Q R esults

FujitsuElectronics

加賀電子

富士通エレクトロニクス

Kaga
Electronics

0.00%
連結

comsolidated

2020/3 3Q R esults

Operating income / Operating income marjin

Both Kaga Electronics and Fujitsu Electronics curb SG&A

Both Kaga Electronics and Fujitsu Electronics secure
income growth
7,732
1,747
(6,835)5,984

350 00(28,302)8,928

300 0027,513250 00200 00150 0010.5%

100 0018,275

Kaga
Electronics
500 0

FujitsuElectronics

18,584
10.3%

8.1%
5.6%

5.7%

0
201 9

2019/3
3Q R esults

40.00 %

35.00 %

SG&A / SG&A ratio

Fujitsu 10,027
Electronics

45.00 %

100 00加賀電子

2019/3
3Q R esults

75.00 %

Fujitsucomsolidated
Electronics

Kaga
Electronics
加賀電子

富士通エレクトロニクス

2020/3 3Q R esults

連結

1,087

3.3%
Kaga
Electronics

3.3%

2.3%
1.1%

5,748

0.6%
201 9

2019/3
3Q R esults

Kaga
Electronics
加賀電子

Fujitsucomsolidated
Electronics
富士通エレクトロニクス

連結2020/3 3Q R esults(note) With respect to gross profit and operating income, figures presented above are before consolidation© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

adjustments between the two companies. For reference, after consolidation adjustments, gross profit
stood at ５million yen, and operating income came to ５ million yen.

8

Financial Highlights （3 months）（million Yen）

2019/32020/32020/3

3Q Results

2Q Results

3Q Results

Net sales

58,399121,066

Gross profit

8,000

YoY

QoQ

108,170

85.2%-10.7%

12,708

11,474

43.4%

-9.7%

13.7%

10.5%

10.6%

- 3.1pt

0.1pt

SG&A

6,023

9,319

8,982

49.1%

- 3.6%

Operating income

1,976

3,389

2,492

26.1%

- 26.5%

Ordinary income

1,951

3,500

2,428

24.4%

- 30.6%

Profit attributableto owners of parent

2,125

2,152

1,422 - 33.1%- 33.9%

(Yen)

77.44

78.42

51.82 - 25.62- 26.60

US$ (Yen)

112.90107.35108.76- 1.41Gross profit margin

EPS
FOREX

© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

- 4.149

Financial Highlights by Business Segment①（Net Sales）（M illion Yen)

Net Sales

5,388
933
11,970

Total

121,066

118,997
109,564
4,412
437
10,126

5,097
895
9,842

108,170
4,185
455
9,820

YoY ︓
+49,771 (85.2％)
QoQ ︓ ー12,895 (ー10.7％)

OthersYoY
QoQ

︓ ー1,005 (ー19.4％)
︓ ー 912 (ー17.9％)

YoY
QoQ

︓ー 83 (ー15.4％)
︓ー439 (ー49.1％)

Software55,493
4,103
465
10,41759,88958,3995,276
939
10,725

5,190
538
11,231

Information equipment

100,704

94,587105,230

93,708

YoY ︓ー1,410 (ー12.6％）
QoQ ︓ー21 (ー 0.2％)

Electronic component
YoY
QoQ

40,50742,94841,438

2019/3
1Q Results

2019/3
2Q Results

2019/3
3Q Results© 2018 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

2019/3
4Q Results

2020/3
1Q Results

2020/3
2Q Results

︓ +52,270 (126.1％)
︓ ー11,521 (ー10.9％)

2020/3
3Q Results

10Financial Highlights by Business Segment②（Segment Income）（M illion Yen)

Segment Income
Total

3,389
186
108
429

2,282
135
162

1,489

547

80
317

1,071

198
474

1,821
75
125

︓ +515 ( 26.1％)
︓ ー897(ー26.5％)

YoY
QoQ

︓ − 93 (−47.1％)
︓ ー 81 (−43.7％)

Others

2,492
105
236

1,850
72
188

Information equipment
YoY

︓ ー238 (ー50.3％)

QoQ

︓ ー193 (ー45.0％)

Electronic component
YoY
QoQ

2,617

567

2,180
1,402

-19
2019/3
1Q Results

1,976

YoY
QoQ

1,306

1,621

2019/3
3Q Results© 2018 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

+ 874 ( 66.9％)
ー436 (ー16.7％)

Software
YoY
QoQ

︓ ー 16 ( - ％)︓ ー146 (ー134.2%)

981

-20
2019/3
2Q Results

︓
︓

-37

-61
2019/3
4Q Results

2020/3
1Q Results

2020/3
2Q Results

2020/3
3Q Results

Note: Figures of each segment income are not inter-segment adjusted.
Total amount is inter-segment adjusted (operating income).

11

Financial Highlights: Electronic Component Segment （ 3 months）（Million Yen)

Net sales/Segment income

YoY

/ 売上高
/ セグメント利益

120 000

800 0

105,230700 0

 Net sales
 Segment
Income52,270million Yen 126.1％UP
874million Yen

66.9％UP93,708100 000

600 0

800 00500 0

600 00400 041,4382,617

QoQ Net sales
 Segment
Income- 11,521million Yen 10.9％down- 436million Yen 16.7％down

300 0

2,180

400 00

200 0

1,306
200 00

100 0

0

0

2019/3
3QResults

2020/3
2QResults© 2018 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

2020/3
3QResults

12

Financial Highlights: Information Equipment Segment（3 months）（Million Yen)

Net sales/Segment income//
120 00YoY

Net Sales
Segment Income

300 011,231

 Net sales
 Segment
Income‐ 1,410million Yen 12.6％ down
- 238million Yen 50.3％ down

250 0

9,842

QoQ

9,820

100 00

200 0

800 0

150 0

 Net sales
 Segment
Income- 21million Yen

0.2％Down- 193million Yen 45.0％Down

600 0

100 0

400 0

474

429

500

236

200 0

0

2019/3
3QResults

2020/3
2QResults© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

2020/3
3QResults

13

Net Sales by Region （3 months）（Million Yen)

Net sales

YoY Japan

121,066＋29,691million Yen

82.3％UP North America ＋3,745million Yen 166.5％UP＋3,224million Yen 265.5％UP
 Europe

108,170＋ 13,109million Yen

 Asia

69.5％UP73,
370 [60.6%]65,761 [60.8%]

Japan

QoQ

58,399 Japan
North America

36,069 [61.8%]

6,604 [5.5%]
6,119 [5.0%]

5,
995
4,
438

 Europe[5.5%][4.1%]

2,249 [3.8%]
1,
214 [2.1%] 34,
971 [28.9%] 31,
975 [29.6%]

 North America

Europe Asia- 7,609million Yen 10.4％Down- 609million Yen

9.2％Down-1,680million Yen 27.5％Down
8.6％Down-2,995million Yen

Asia

18,
866[32.3%]
2019/3
3Q Results

2020/3
2Q Results

2020/3
3Q Results© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

14

Balance Sheet: Main Items（M illion Yen)

Total assets
213,761

Total liabilities and net assets
213,761

210,004

Current assets

128,755
182,396

210,004

129,501

122,742

84,25987,261FY2019/3

FY2019/9

Total liabilities

128,755

174,856

58,123104,069

70,631
24,68531,36435,147FY2018/3

FY2019/3

FY2019/12

Total net assets

Non-current assets

FY2018/3

Note: Partial Amendments to Accounting Standard for Tax Effect Accounting etc. (Accounting Standards Board ofJapan (ASBJ) Statement No. 28, February 16, 2018) have been adopted from the beginning of the first quarterof the fiscal year ending March 31, 2019. Accordingly, deferred tax assets are presented under investments
and other assets, while deferred tax liabilities are presented under non-current liabilities section.
15© 2018 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

Balance Sheet: Main Items（M illion Yen)

Inventories

Accounts receivable/Accounts payable

40.7

50,000

（Day）

77.1

40.0

45,00034.9

77.0

Inventory turnover（ Day）

75.0

80.0

A/R turnover

120,
000

30.2

63.3

40,000

30.0

100,
000

65.3

70.0

A/P turnover

65.3

60.0

35,00050.0

20.0

30,000Notes and A/R

80,00040.0

Inventories

25,00010.0

60,00030.040,02620,00033,307

101,507
77,88440,00010,00092,424

Notes and A/P
20.0

0.0

15,00072,03810.0

19,455-10.0
20,00049,841
36,392
0.0

5,
000

0
0

-10.0

-20.0

FY2018/3

FY2019/3

FY2019/12

note︓Inventory turnover＝ Inventories ÷ Cost of Sales × 365（day）（2019/12、275day）© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

FY2018/3

FY2019/3

FY2019/12

notes︓・N otesand A/R aream ountsincluding Electronically recorded m onetaryclaim s-operating
・A/R turnover ＝ N otesand A/R ÷ Net sales
× 365（day）
・A/P turnover ＝ N otesand A/P ÷ Cost of sales × 365（day）
16（2019/12、275day）Cash and Deposits/Interest Bearing Debt
（M illion Yen)

Cash and deposits
0.43（times）

0.38
0.50

D/E ratio

0.13
-0.03

50,000

-0.15

0.00

Net D/E ratio-0.31
40,000-0.50

Cash and deposits-1.00

30,000

-1.50

42,
084

20,000

30,
803

35,
003
-2.00

32,85130,206

10,000-2.50

Interest bearing debts

8,900
0

-3.00

FY2018/3

FY2019/3

FY2019/12

note︓D/E ratio＝ Interest bearing debts ÷ Shareholder s equity
Net D/E ratio ＝（Interest bearing debts - Cash and deposits） ÷ Shareholder s equity© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

17

Forecast for the Fiscal Year ending March（million yen）

FY2019/3

FY2020/3

Results

Initial forecast

Current forecast

Changes

Net sales

292,779

430,000

442,000

2.8%

Gross profit

35,54646,50047,000

1.1%

12.1%

10.8%

10.6%

- 0.2pt

SG&A

27,97639,50038,000- 3.8％

Operating income

7,570

7,000

9,000

28.6%

Ordinary income

7,859

7,000

9,000

28.6%

Profit attributableto owners of parent

8,014

5,000

5,000

ー

EPS（Yen）

292.07182.17182.17

ー

10.9%

6.4%

6.4%

ー

Gross profit margin

ROE

(%)

© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

18

Revisions to earnings forecasts:
Changes since initial forecasts (positive factors/negative factors)
Forecasts for sales, operating income and ordinary income have been revised upward,
led by the solid performance of the Electronic Component business.
We expect to post structural reform-related costs as an extraordinary loss to prepare
for the unpredictable future. Forecasts for net income have been left unchanged
from（Million yen）
the initial forecast.
Major fluctuations

Sales

430,000
Initial forecast+8,000 Electronic component
business＋5,000 EMS business▲1,000 CSI businessCurrent forecast

OperatingincomeOrdinary
incomeExtraordinary
loss/gain

Factors behind major fluctuations

442,000

7,000
Initial forecast+500 Gross margin+1,500 SG&A expenses(+decrease in expenses)
Current forecast© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

Higher income resulting from an increase in sales
Reductions in personnel costs following personnel
cuts, curbs on other expenses

9,000

Initial forecast0 Cumulative total for first ▲388
three quarters
 Estimate for Q4▲600
Current forecast

Solid sales for automotive and consumer devices, salesof Cypress inventory, etc.
Firm sales of medical equipment and automotive devices
Poor sales of housing-related household devices

Valuation losses on marketable securities, structuralreform costs for European sales company, etc.
Structural reform costs, related risks, etc.

▲1,00019Forecast for the Fiscal Year ending March 2020 ︓
Breakdown for Kaga Electronics/Fujitsu Electronics
Net Sales

Gross profit / Gross profit margin

M edicaldevicesandautom otivedeviceshavebeensolid
perform ers,w ithresultssurpassinginitialforecastsinbothcom panies.
442,000
200,000(+５,000)

430,000(+12,000)

Incom eisexpectedtoexceed theinitialforecastbecausethe
profitrateisinlinew iththeinitialforecastandsalesishigher.
46,500500 00FujitsuElectronics
400 00FujitsuElectronics 195,000

242,000(+7,000)

14,00033,000(+500)

Kaga
Electronics

Kaga 235,000
Electronics

Kaga
Electronics

FujitsuElectronics

加賀電子

富士通エレクトロニクス

連結39,50012,500(▲1,000)

400 0011.1%

250 0025,500(▲500)
10.5%

Kaga
Electronics

38,000(▲1,500)

6.3%

40.00 %

35.00 %

30.00 %

25.00 %

15.00 %

7.2%

10.00 %

5.00%

Kaga
Electronics
加賀電子

0.00%

FujitsuElectronics
富士通エレクトロニクス

連結

Consolidated

Current forecast

100 00FujitsuElectronics

8.6%

7,000

2.8%

400 0

Kaga
Electronics

6.9%

Initial forecast

45.00 %

10.6%

S trivingtogenerateincom eexceedinginitialforecastsand
reachnew record-highincom einbothcom panies.

200 0

201 9

50.00 %

7,500(+１,000)

9,000(+２,000)

1,500(+１,000)

500

26,000060.00 %

600 0

100 00500 065.00 %

Operating income / Operating income marjin

800 0

200 00150 0080.00 %

70.00 %

7.0%

Initial forecast

500 00300 0085.00 %

20.00 %

201 9

Current forecast

Controlofexpenses— particularly personnelexpenses— m ade
w ithchangesintheenvironm entinm ind havebeeneffective.
350 0090.00 %

75.00 %

13.6%

32,5000Consolidated

SG&A / SG&A ratio

Fujitsu 13,500
Electronics

95.00 %

100 00Initial forecast

450 00100 .0 0%

55.00 %

13.8%

300 00200 00201 947,000(+500)

14,000(±0)

Kaga
Electronics

Fujitsu
Consolidated
Electronics

加賀電子

富士通エレクトロニクス

Current forecast

連結

3.1%

0.3%

0
201 9

Initial forecast

2.0%
0.8%

6,500

Kaga
Electronics
加賀電子

FujitsuElectronics
富士通エレクトロニクス

Consolidated
連結

Current forecast(m illion yen)

© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

20

(Ref) Segment disclosure associated with the start of the Medium-Term
Management Plan
Continuous disclosure based on current segmentation according to legal financial accounting,along with voluntary disclosure based on segmentation in line with the new Medium-Term
Management Plan

Current segments

Segments in Medium-Term Management Plan

L egalfinancialaccounting

M anagem entAccounting

Components sales business S alesofsem iconductors
 S alesofgeneralelectroniccom ponents
Electronic S alesofvariouskindsof
com ponents devices

EMS business Electronicequipm ent
m anufacturecontracting
services

Inform ationequipm ent

 S alesofP CsandP C
peripherals
 S alesofhom eelectric
appliancesandlightingfixtures
 S alesofphotographand
im agingproducts

S oftw are P roductionofCG videoand
softw are

Others S alesofam usem ent
equipm ent
 R epairandsupportfor
electronicsequipm ent
 S alesofsportsgoods© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

 S alesofsem iconductors
Electronic S alesofgeneralelectroniccom ponents com ponents
 S alesofvariousdevices

EMS

 Electronicequipm entm anufacture
contractingservices

CSI S alesofP CsandP C peripherals
 S alesofhom eelectricappliances
andlightingfixtures
 S alesofphotographandim aging
products

O thers

 P roductionofCG videoand
softw are
 S alesofam usem entequipm ent
 R epairandsupportforelectronics
equipm ent
 S alesofsportsgoods
21

(Ref) Business segments of Parent company and Group companies
Electronic
Components

EMS

CSI

Others

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KAGA ELECTRONICS CO., LTD.
Electronics Business Division
EMS Business Division
Communication Network Sales Division
Specific Industry Business Division
Strategic Customer Sales Division
Sales Promotion Division

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Major Affiliates in JapanKAGA TECH CO., LTD.
KAGA DEVICES CO., LTD.
KAGA SOLUTION NETWORK CO., LTD.
AD DEVICE CO., LTD.
KAGA MICRO SOLUTIONCO., LTD.
DIGITAL MEDIA LAB., INC.
KAGA SPORTS CO., LTD.
KAGA AMUSEMENT CO., LTD.
KAGA TECHNOSERVICE CO., LTD.
FUJITSU ELECTRONICS INC.
KAGA EMS TOWADA CO., LTD.

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Major Affiliates Overseas
KAGA TAXAN (SUZHOU) ELECTRONICS CO., LTD.
KAGA (SHANGHAI) ELECTRONICS CO., LTD.
KAGA (SHENZHEN) ELECTRONICS CO., LTD.
KAGA (H.K.) ELECTRONICS LIMITEDKAGA DEVICES (H.K.) LIMITEDKAGA (TAIWAN) ELECTRONICS CO., LTD
KAGA ELECTRONICS (THAILAND) COMPANY LIMITEDKAGA COMPONENTS (MALAYSIA) SDN.BHD.
KAGA ELECTRONICS INDONESIA, PT
KAGA ELECTRONICS (VIETNAM) CO., LTD.
KAGA (SINGAPORE) ELECRONICS PTE LTD
KAGA ELECTRONICS (USA) INC.
TAXAN MEXICO S.A. de C.V.
KD TEC s.r.o.
© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

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22

(Ref) Financial highlights by Business Segment ofMedium-Term Management Plan for the FY2020/3 3Q（9 months）（M illion Yen)

Electronic
Component
EMS

CSI

OthersTotal

Net Sales
Segment income
Net Sales
Segment income
Net Sales
Segment income
Net Sales
Segment income
Net Sales
Segment income

2019/32020/3

3Q Results

3Q Results

YoY

65,203

228,684

250.7%

1,689

2,938

73.9%

65,90370,721

7.3%

2,213

3,455

56.1%

32,37429,789- 8.0％

1,339

854- 36.2％

10,3009,605- 6.7%

414

398- 3.8%

173,782

338,801

95.0%

5,748

7,732

34.5%

Note: Figures of each segment income are not inter-segment adjusted.
Total amount is inter-segment adjusted (operating income).
© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

23

(Ref) Financial highlights by Business Segment ofMedium-Term Management Plan for the FY2020/3 3Q（3 months）（M illion Yen)

Electronic
Component
EMS

CSI

OthersTotal

Net Sales
Segment income
Net Sales
Segment income
Net Sales
Segment income
Net Sales
Segment income
Net Sales
Segment income

2019/32020/3

3Q Results

3Q Results

YoY

20,98771,880242.5%

790

811

2.7%

22,872

23,775

4.0%

589

1,355

129.9%

11,2319,820- 12.6%474

236- 50.3%

3,308

2,693

- 18.6％10481-21.6%

58,399108,170

85.2%

1,976

2,492

26.1%

Note: Figures of each segment income are not inter-segment adjusted.
Total amount is inter-segment adjusted (operating income).
© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

24

(Ref) Forecasts by Business Segment ofMedium-Term Management Plan for the FY2020/3（million yen）

FY2019/3

FY2020/3

Results
Electronic
Component
EMS

CSI

Others

Total

Initial forecast

Current forecast

145,042

282,000

290,000

Segment income

2,278

2,200

4,000

Net Sales

89,481

95,000100,000

Segment income

2,667

2,800

3,500

Net Sales

44,34440,00039,000

Segment income

1,906

1,500

1,000

Net Sales

13,912

13,00013,000

554

500

500

292,779

430,000

442,000

7,570

7,000

9,000

Net Sales

Segment income
Net Sales
Segment income

Note: Figures of each segment income are not inter-segment adjusted.
Total amount is inter-segment adjusted (operating income).
© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

25

(Ref) Exchange Rate/FOREX Sensitivity

2019/3
3QResults（Yen）

2020/3
3QResults（Yen）（Half a Year basis）
Effect of 1% change(million Yen)

Net sales

Ordinary
incomeFY2020/3
Forex
Assumption
(yen)

USD

111.14108.671,342

32110.00

THB

3.41

3.52

180

11

3.40

RMB

16.85

15.90

155

6

17.00

HKD

14.18

13.87

176

4

14.00

© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

26

＜ｍemo＞

27

＜ｍemo＞

28

＜ｍemo＞

29

＜ｍemo＞

30

Everything we do isfor our customers

20 Kandamatsunagacho, Chiyoda-ku, Tokyo 101-8629
Contact: Investor Relations & Public Relations Office
TEL:+81-3-5657-0106
FAX:+81-3-3254-7133
E-mail︓ webmaster@taxan.co.jp
https://www.taxan.co.jp© 2017 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

31

■ Forward-looking statements in these materials are based on information available to management
at the time this report was prepared and assumptions that management believes are reasonable.
Actual results may differ significantly from these statements for a number of reasons.
■ Display method in this material
Number : Truncated less than the display unit.
Ratio: After calculation in yen units, Round down one digit of Display unit.