May 23, 2024
Name of Company
Representative

K A G A E L E C T R O N I C S C O ., LT D .
Ryoichi Kado,
Representative Director, President & COO(Stock Code: 8154 Tokyo Stock Exchange, Prime Market)
Yasuhiro Ishihara,
Contact
Senior Executive Officer
Head of Administration Headquarters
Tel: +81-(0)3-5657-0111

Notice regarding a stock split, a partial amendment to the Articles of Incorporation
and revision of the dividend forecast pursuant to the stock split
KAGA ELECTRONICS CO., LTD. (hereinafter “the Company”) hereby announces that theCompany has resolved, at the meeting of the Board of Directors held on May 23, 2024, to executea stock split, a partial amendment to the Articles of Incorporation and revision of the dividend
forecast pursuant to the stock split, as outlined follows.

1. Purpose of the stock split
The purpose of the stock split is to create an environment conducive to investment to Companyʼsshare by lowering the amount required per investment unit of the Companyʼs shares, thereby
improving the liquidity of Companyʼs share and expanding the range of potential investors.

2. Outline of the stock split(1) Method of stock split
Each share of the Companyʼs common stock held by shareholders listed or recorded in the final
shareholdersʼ registry on the record date, September 30, 2024, will be split into two shares (2for-1 stock split).
(2) Number of shares to be increased by the stock split
Total number of issued shares before the stock split

28,702,118 shares

Number of shares to be increased due to the stock split

28,702,118 shares

Total number of issued shares after the stock split

57,404,236 shares

Total number of shares authorized to be issued after the stock split

160,000,000 shares(3) Schedule of the stock split
Date of public notice of record date
Record date
Effective date

Friday, September 13, 2024
Monday, September 30, 2024
Tuesday, October 1, 2024

3. Partial amendment to the Articles of Incorporation pursuant to the Stock Split(1) Reason for the amendment to the Articles of Incorporation
In conjunction with the stock split described above, the Company will amend its total number ofshares authorized to be issued provided in Article 6 of the Companyʼs Articles of Incorporation, on-1-the effective date, October 1, 2024, pursuant to the provisions of Paragraph 2 of Article 184 ofthe Companies Act.
(2) Details of the amendment
Details of the amendment are as follows.
(The amended sections are underlined.)
Present Articles of Incorporation

After Amendments

Article 6 (Total Number of Shares Authorized to beArticle 6 (Total Number of Shares Authorized to beIssued)

Issued)The total number of the Companyʼs shares

The total number of the Companyʼs sharesauthorized to be issued shall be eighty million

authorized to be issued shall be one hundred sixty million(80,000,000).

(160,000,000).

(3) Schedule of the amendment to the Articles of Incorporation
Effective date

Tuesday, October 1, 2024

4. Revision of dividends forecasts
In connection with this stock split, we have revised the year-end dividend forecast for the fiscal
year ending March 31, 2025, announced on May 9, 2024, as follows.
This revision is due to the stock split, and there is no effective change in the forecast for dividend
per share from the previously announced forecast.

Previous forecast(Announced on May 9, 2024)
Revised forecast(Before share split)(Reference)
Fiscal year ended March31, 2024

End of 1st half

Annual dividends
Year-end

Total

110.00 yen

110.00 yen

2200.00 yen

110.00 yen

55.00 yen(110.00yen)－(220.00yen)

110.00 yen

110.00 yen

220.00 yen

Note: Since the stock split is effective on October 1, 2024, the payment of the end of 1st half
dividend with a record date of September 30, 2024 will be based on the number of shares
before the stock split.
5. Others
The share capital amount will remain unchanged at the time of the stock split.

-2-