February 4, 2021

Summary of Consolidated Financial Results
for the Third Quarter Ended December 31, 2020 [Japan GAAP]
Name of Company:
Stock Code:
Stock Exchange Listing:
URL:
Representative
Contact Person

KAGA ELECTRONICS CO., LTD.
8154
Tokyo Stock Exchange, First Section
https://www.taxan.co.jp/
President & COO
Ryoichi Kado
Managing Director,
Chief of Administration Headquarters
Eiji Kawamura+81-(0)3-5657-0111
February 12, 2021
Yes
None

Title:
Name:
Title:Name:
Phone:
Date of filing of quarterly securities report (tentative):
Date of commencement of dividend payment (tentative):
Quarterly earnings supplementary explanatory documents:
Quarterly earnings presentation:(Yen in millions, rounded down)
1. Financial results for the third quarter of the fiscal year ending March 2021 (April 1, 2020 –December 31, 2020)(1) Result of operations (Consolidated, year-to-date)(Percentage figures represent year on year changes)
Profit attributable
Operating income Ordinary income
to owners ofparentNet sales
Million yen%

Million yen%

Million yen%

Million yen%

Third quarter ended December 2020

294,266 (13.1)

7,517

(2.8)

7,230

(9.3)

12,728 158.5

Third quarter ended December 2019

338,801

7,732

34.5

7,975

32.9

4,924

95.0

1.0

Note: Comprehensive income: 3Q of FY3/2021: 12,921 million yen ［156.2%］ 3Q of FY3/2020: 5,043 million yen ［23.6%］

Earnings per
share(diluted)

Earnings per
share
Yen

Yen

Third quarter ended December 2020

463.49－

Third quarter ended December 2019179.43－(2) Financial Position (Consolidated)
Total assets

Net assets

Equity ratio

Million yen

Million yen%

As of December 31, 2020

224,333

93,83840.0

As of March 31, 2020

207,638

86,250

Reference: Shareholders’ equity As of December 31, 2020: 89,845 million yen

37.7
As of March 31, 2020: 78,284 million yen

2. Dividends
Dividend per share

Fiscal year ended March 2020
Fiscal year ending March 2021
Fiscal year ending March 2021 (Forecast)

1Q

2Q

3Q

Year-end

Full year

Yen

Yen

Yen

Yen

Yen

-

30.00
30 00

-

40.00

70.00

40.00

70.00

Notes: Change in the dividend forecast from the latest announcement: Yes
Breakdown of year-end dividend for FY3/2020: Ordinary dividend: 30.00 yen; Extraordinary dividend: 10.00 yen
Breakdown of year-end dividend for FY3/2021（forecast）: Ordinary dividend: 30.00 yen; Extraordinary dividend: 10.00 yen
With respect to the revision of dividend forecast, please refer to “KAGA ELECTRONICS Revises Earnings Forecast and Dividend
Forecast (dividend increase)” announced today (February 4, 2021).

3. Forecast for the fiscal year ending March 2021 (Consolidated, April 1, 2020 – March 31, 2021)

Net sales

Full year

Operating income(Percentage figures represent year on year changes)
Profit attributable
Earnings per
Ordinary income
to owners of
shareparentMillion yen%

Million yen%

Million yen%

Million yen%

Yen

415,000

(6.5)

9,000

(10.1)

8,500(16.1)

10,50079.4

382.30Note: Change in the forecast from the latest announcement: Yes
With respect to the revision of consolidated performance forecast, please refer to “KAGA ELECTRONICS Revises
Earnings Forecast and Dividend Forecast (dividend increase) ” announced today (February 4, 2021).

* Notes(1) Changes in significant subsidiaries (Changes in specified subsidiaries accompanied by changes in the scope of consolidation): Yes
New: 2 (Company Name)：EXCEL CO.,LTD. Advanced Display Solutions (HONG KONG) Limited.
Note: For more information, please refer “2. Quarterly Consolidated Financial Statements andMajor Notes (3) Notes to quarterly consolidated financial statements (Changes to principal
subsidiaries in the current consolidated year to date)” on page 10.
(2) Use of accounting methods specifically for the preparation of the quarterly consolidated financial statements: None
(3) Changes in accounting policies, estimates, and retrospective restatement(a) Changes due to revision of accounting standards : None(b) Changes other than (a): None(c) Changes in accounting estimates: None(d) Retrospective restatement: None(4) Number of shares outstanding (common stock)(a) Shares outstanding (including treasury shares)
As of December 31, 2020:

28,702,118 As of March 31, 2020:

28,702,118

1,229,603 As of March 31, 2020:

1,243,279(b) Treasury shares
As of December 31, 2020:(c) Average number of shares (quarterly consolidated during the period)
Period ended December 31 2020:

27,462,845 Period ended December 31, 2019: 27,447,141* The quarterly audit procedures by a certified public accountant or auditing firm are not applicable tothis Quarterly Financial Results report.
* Cautionary statement regarding forecasts of operating results and special notes(Caution regarding forward-looking statements)
Forward-looking statements in these materials are based on information available tomanagement at the time this report was prepared and assumptions that management believes arereasonable. Actual results may differ significantly from these statements for a number of reasons.
For conditions as assumption for earnings forecast and cautionary statement regarding use of theforecast, please see “1. Results of Operations, (3) Qualitative information on consolidated earnings
forecast” on page 5..
(How to obtain supplementary materials on quarterly financial results)
The Company also plans to post the supplementary materials on quarterly financial results, on its
website promptly after announcing financial results.

Index for Supplementary Information
1. Results of Operations ................................................................................................................. 2(1) Overview of consolidated business performance ...................................................................... 2(2) Overview of financial conditions ............................................................................................ 4(3) Qualitative information on consolidated performance forecast................................................... 5
2. Quarterly Consolidated Financial Statements and Major Notes ......................................................... 6(1) Quarterly consolidated balance sheet ..................................................................................... 6(2) Quarterly consolidated statements of income and comprehensive income .................................. 8
For the third quarter (April 1, 2020 - December 31, 2020) ..................................................... 8(3) Notes to quarterly consolidated financial statements ............................................................. 10(Notes to going concern assumptions) ............................................................................... 10(Significant change in shareholders’ equity) ....................................................................... 10(Changes to principal subsidiaries in the current consolidated year to date) .......................... 10(Additional information) ................................................................................................. 10(Segment information) .................................................................................................... 11-1-

1. Results of Operations(1) Overview of consolidated business performance
When the global economy faced severe impacts of the COVID-19 pandemic and intermittent
lockdowns in countries throughout the world that led to a fall in demand, suspension of operations atsome factories in the manufacturing industry, and other consequences. Within the Group, theInformation Equipment business was able to navigate COVID-19 disruption and firmly capture
demand for PCs to meet the needs such as in teleworking. In the Electronic Components business,despite the addition of Excel Co., Ltd. (hereinafter, “Excel”) as a new consolidated company in April
2020, the decline of sales in KAGA FEI Co., Ltd. *1(hereinafter, “KAGA FEI”) that resulted fromtermination of large sales agency agreements could not be offset.
As a result, the Group’s net sales in the third quarter fell 13.1% year on year to 294,266 millionyen.
On the income front, the Group endeavored to make up for the decrease in gross profit resulting
from lower sales by implementing measures to curtail selling, general and administrative expenses,
including active use of teleworking, online meetings and other initiatives to improve operational
efficiency as well as general prohibition of business trips and business dining. As a result, the yearago levels were approximately recovered for both operating and ordinary incomes, the former
decreasing by 2.8% year on year to 7,517 million yen and the latter decreasing by 9.3% year on
year to 7,230 million yen. Profit attributable to owners of the parent increased by 158.5% year on
year to 12,728 million yen, far exceeding the amount in the same period of the previous fiscal year,
reflecting in part 7,963 million yen of “gain on bargain purchase” associated with the acquisition of
Excel, which was recognized as extraordinary income.
It is to be noted that, with demand picking up after bottoming out in the first quarter of the fiscal
year, net sales in the third quarter of the fiscal year (September 1 to December 31, 2020) recovered
to near year-earlier levels, while in terms of income, gross profit and all other income items below it
are trending up, recording year-on-year gains.
FY 2020/3 3Q

FY 2021/3 3Q(April 1, 2019 –(April 1, 2020 –December 31, 2019)

December 31, 2020)（Million yen）

（Million yen）

（Million yen）

Net sales

338,801

294,266(44,535)(13.1%)

Gross profit

32,24533,646(1,598)(4.5%)（Margin）

10.4%

11.4%

1.0pt

－

SG&A

27,513

26,129(1,383)(5.0%)

Operating income

7,732

7,517

(214)

(2.8%)

Ordinary income

7,975

7,230

(744)

(9.3%)

Profit before income taxes

7,587

14,842

7,255

95.6%

4,924

12,728

7,803

158.5%

108.67Yen

106.11Yen(2.56Yen)－

Profit attributable to ownersof parent
Exchange Rate
(Average rate during the year)
USD

YoY

（*1）"Fujitsu Electronics Inc.", a Group company since January 2019, changed its name to " KAGA FEI Co., Ltd."effective December 29, 2020.

Business segment performance was as follows.
(a) Electronic Components (sale of semiconductors and general electronic components, development,
manufacture and sale through the EMS*2 business, and other activities)
In this business, the components sales business saw the effect of higher sales generated by Excel’s
consolidation from April 2020. Sales, however, fell sharply as a result notably of KAGA FEI losing
major rights of distributorship. The EMS business was affected by partial suspension of operations
and production adjustments at overseas plants of both the Company and its customers as countries-2-

imposed lockdowns in the face of the COVID-19 pandemic. Nonetheless, against the backdrop of
resumption in economic activities, the EMS business picked up notably in automotive and industrial
equipment areas. In the third quarter of the fiscal year, net sales by and large recovered the level ofa year ago, and segment income returned to a growth track.
As a result, net sales decreased by 16.0% year on year to 246,704 million yen, and segment income
decreased by 15.6% year on year to 5,418 million yen.
(*2) Electronics Manufacturing Service: Provision of product development and manufacturing services on an
outsourcing basis.

b) Information Equipment (Sales of PCs, PC peripherals, home electric appliances, photograph andimaging products, original brand products, and other products)
In this business, sale of PCs, PC peripherals and security software increased amid the COVID-19
pandemic as the declaration of a state of emergency prompted companies and schools to expand
teleworking and on-line learning, respectively. Additionally, the commercial facilities-related LED
installation business showed steady performance.
As a result, net sales increased by 13.9% year on year to 33,937 million yen and segment
income increased by 105.2% year on year to 1,753 million yen.
(c) Software (Production of computer graphics, planning and development of amusement products,
and other activities)
In this segment, sales increased due to a boost in orders as well as front-loaded orders incomputer graphics animation and the development of game software as a result of growing
demand sparked by a rise in at-home activities.
As a result, net sales increased by 12.1% year on year to 2,004 million yen, and segment
income increased by 999.3% year on year to of 106 million yen.
(d) Others (Repair and support for electronics equipment, and sales of amusement equipment andsports goods, and others)
In this business, the PC and PC peripheral recycling business remained solid, but sales of gameequipment for the amusement industry and golf products were slow, due to the impact of
prolonged store closures in response to the intermittent “self-restraint requests” fromadministrative authorities to prevent the spread of COVID-19 infection.
As a result, net sales decreased by 15.2% year on year to 11,619 million yen, and segment
income decreased by 59.1% year on year to 149 million yen.
FY 2020/3 3Q

FY 2021/3 3Q
YoY(April 1, 2019 –(April 1, 2020 –December 31, 2019)

December 31, 2020)（Million yen）

（Million yen）

（Million yen）

Electronic

Net sales

293,527

246,704(46,823)(16.0％)

Components

Segment income

6,418

5,418

(1,000)(15.6％)

Information

Net sales

29,78933,937

4,148

13.9％

Equipment

Segment income

854

1,753

898

105.2％

Software

Net sales

1,788

２,004

216

12.1％

9

106

97

999.3％

13,696

11,619(2,076)(15.2％)

364

149

(215)

(59.1％)

338,801

294,266(44,535)(13.1％)

7,732

7,517

(214)

(2.8％)

Segment income
Others

Net sales
Segment income

Total

Net sales
Segment income

Note: “Segment income” shows unadjusted figures for each business segment and adjusted figures
for the total.

-3-

<Reference>Financial results① Financial highlights(3months)
FY 2020/3 3Q

FY 2021/3 3Q(3months)(3months)(October 1, 2019 –(Octoberl 1, 2020 –December 31, 2019)

December 31, 2020)

YoY（Million yen）

（Million yen）

（Million yen）

Net sales

108,170

105,406(2,764)(2.6％)

Gross profit

11,47412,005530

4.6％（Margin）

10.6％

11.4％

0.8pt

－

SG&A

8,982

8,923

(59)

(0.7％)

Operating income

2,492

3,082

590

23.7％

Ordinary income

2,428

2,892

463

19.1%

2,284

2,715

431

18.9%

1,422

1,956

534

37.6%

Profit before income
taxes
Profit attributable toowners of parent② By segment

FY 2020/3 3Q

FY 2021/3 3Q(3months)(3months)(October 1, 2019 –(Octoberl 1, 2020 –December 31, 2019)

December 31, 2020)

YoY（Million yen）

（Million yen）

（Million yen）

Net sales

93,70889,816(3,891)(4.2％)

Segment income

2,180

2,335

154

7.1％

Information

Net sales

9,820

10,745924

9.4％

Equipment

Segment income

236

592

356

150.9％

Software

Net sales

455

730

274

60.2％

Segment income

(37)

20

57

－

4,185

4,114

(71)

(1.7％)

105

112

7

7.4％

108,170

105,406(2,764)(2.6％)

2,492

3,082

590

23.7％

Electronic
Components

Others

Net sales
Segment income

Total

Net sales
Segment income

Note: “Segment income” shows unadjusted figures for each business segment and adjusted figures
for the total.
(2) Overview of financial conditions
Assets, liabilities and net assets
Total assets as of December 31, 2020 increased by 16,695 million yen from March 31, 2020 to
224,333 million yen.
Current assets increased by 12,958 million yen from March 31, 2020 to 187,290 million yen. Thisis primarily attributable to increases of 2,949 million yen in cash and deposits, 2,738 million yen innotes and accounts receivable – trade, and 5,510 million yen in merchandise and finished goods.
Non-current assets increased by 3,736 million yen from March 31, 2020 to 37,043 million yen.
This is largely a result of a 1,780 million yen increase in investment securities.

-4-Liabilities increased by 9,106 million yen from March 31, 2020, to 130,494 million yen. This is
primarily due to an increase of 16,672 million yen in short-term loans payable, offsetting a 5,588
million yen decrease in notes and accounts payable – trade.
Net assets increased by 7,588 million yen to 93,838 million yen. This is primarily due to recording
12,728 million yen of profit attributable to owners of parent.
(3) Qualitative information on consolidated performance forecast
In light of earnings results for the nine months of the current consolidated fiscal year and otherfactors, the Company has revised its forecasts announced on November 5, 2020 with respect toconsolidated earnings and dividend for the fiscal year ending March 31, 2021, as follows.
For details, please refer to “KAGA ELECTRONICS Revises Earnings Forecast and Dividend Forecast(dividend increase)” announced today (February 4, 2021).
Revisions to consolidated earnings forecasts for the fiscal year ended March 31, 2021
(from April 1, 2020 to March 31, 2021)

Previous forecast (A)(Announced on December 5, 2020)

Revised forecast (B)Difference (B-A)
Percent change (%)(Reference)
Results for the fiscal year
ended March 31,2020

Profitattributable Net income
to owners of per shareparentNet sales

OperatingincomeOrdinary
incomeMillion yen

Million yen

Million yen

Million yen(yen)

410,000

7,500

7,500

10,000364.18415,000

9,000

8,500

10,500382.30

5,000

1,500

1,000

500

-

1.2

20.0

13.3

5.0

-

443,615

10,014

10,1375,852

213.21

Revision of dividend forecast
Annual dividends
Second quarter end
Previous forecast(Announced on December 5, 2020)

Revised forecast

Dividends for the current
fiscal year
Dividends for the previous
fiscal year

Year-endTotal

30 yen60 yen40 yen70 yen(Ordinary dividend 30 yen)(Special dividend 10 yen)(Ordinary dividend 60 yen)(Special dividend 10 yen)

30 yen30 yen(Fiscal year ended March 31, 2020)

40 yen70 yen(Ordinary dividend 30 yen)(Special dividend 10 yen)(Ordinary dividend 60 yen)(Special dividend 10 yen)

Note: The above earnings forecasts are based on the information currently available to the Company
on the date of release and certain assumptions deemed reasonable. Actual results may varyfrom the forecast for a variety of reasons.

-5-2. Quarterly Consolidated Financial Statements and Major Notes(1) Quarterly consolidated balance sheet(Million yen)
Fiscal year ended

Third quarter ended

March 2020

December 2020

(As of March 31, 2020)(As of December 31, 2020)

ASSETS
Current assets
Cash and deposits

43,384

46,334

Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Securities

85,49588,234

5,876

5,038

254

286

Merchandise and finished goods

25,27630,787567

1,463

Raw materials and supplies

6,063

6,632

Other

7,601

8,776

Allowance for doubtful accounts

(188)

(262)

174,331

187,290

Buildings and structures, net
Machinery, equipment and vehicles,net
Tools, furniture and fixtures, net

7,365

7,556

4,477

5,100

1,060

1,369

Land

4,924

5,074

145

162

17,974

19,263

Goodwill

322

237

Software

1,743

2,356

190

80

2,256

2,674

Investment securities

8,502

10,282

Deferred tax assets

1,584

1,786

Guarantee deposits

857

926

Insurance funds

894

909

Other

1,791

1,769

Allowance for doubtful accounts

(552)

(568)

Total investments and other assets

13,075

15,105

Total non-current assets

33,30637,043

207,638

224,333

Work in process

Total current assets
Non-current assets
Property, plant and equipment

Construction in progress
Total property, plant and equipment
Intangible assets

Other
Total intangible assets
Investments and other assets

Total assets-6-

(Million yen)
Fiscal year ended

Third quarter ended

March 2020

December 2020

(As of March 31, 2020)(As of December 31, 2020)

LIABILITIESCurrent liabilities
Notes and accounts payable - trade70,18864,599

Short-term loans payable

6,540

23,212

Accrued expenses

5,739

4,541

Income taxes payable

1,884

920

101

13

Other

9,201

8,761

Total current liabilities

93,655102,049

Long-term loans payable

20,833

20,169Deferred tax liabilities

1,378

1,670

95

103

Net defined benefit liability

1,969

2,483

Asset retirement obligations

329

347

Other

3,127

3,671

Total non-current liabilities

27,73228,445

121,388

130,494

Capital stock

12,133

12,133

Capital surplus

13,87814,344Retained earnings

55,09165,897

Treasury shares(2,005)(1,983)

Total shareholders’ equity

79,09790,391

0

948

28

(15)

(707)

(1,367)

(133)

(111)

(812)

(546)

Non-controlling interests

7,965

3,993

Total net assets

86,25093,838207,638

224,333

Provision for directors’ bonuses

Non-current liabilities

Provision for directors’ retirement
benefits

Total liabilities
NET ASSETS
Shareholders’ equity

Accumulated other comprehensive
incomeValuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation
adjustment
Remeasurements of defined benefit
plans
Total accumulated othercomprehensive income

Total liabilities and net assets-7-

(2) Quarterly consolidated statements of income and comprehensive income
For the third quarter (April 1, 2020 – December 31, 2020)(Million yen)
Third quarter ended
December 2020
(April 1, 2020 –December 31, 2020)

Third quarter ended
December 2019
(April 1, 2019 –December 31, 2019)
Net sales

338,801

294,266

Cost of sales

303,555

260,619

Gross profit

35,24533,646

Selling, general and administrative expenses

27,513

26,129Operating income

7,732

7,517

Interest income

190

97

Dividends income

163

169

Commission fee

182

126

Non-operating income

Foreign exchange gains

98

－

Other

336

444

Total non-operating income

972

838

Interest expenses
Share of loss of entities accounted for using
equity method
Foreign exchange losses

235

227

357

424

－

405

Other

136

66

728

1,124

7,975

7,230

Non-operating expenses

Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets

191Gain on sales of investment securities

73

39

Gain on bargain purchase

－

7,963

Gain on transfer of business12

7

Settlement received

498

－

1

20

605

8,031

8

24

Other
Total extraordinary income
Extraordinary loss
Loss on retirement of non-current assets
Loss on sales of investment securities

54－

Loss on valuation of investment securities

553

311

127

23

Extra retirement payments
Impairment loss
Other

245

－

4

60

Total extraordinary loss

993

420

Profit before income taxes

7,587

14,842

Income taxes - current

1,642

1,653

Income taxes - deferred

612

537

Total income taxes

2,255

2,191

Profit5,332

12,650

Profit attributable to owners of parent
Profit (loss) attributable to non-controllinginterests

4,924

12,728

407

(77)

-8-

(Million yen)
Third quarter ended
December 2020
(April 1, 2020 –December 31, 2020)

Third quarter ended
December 2019
(April 1, 2019 –December 31, 2019)
Other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans,
net of tax
Share of other comprehensive income ofassociatesaccounted for using equity
methodTotal other comprehensive income
Comprehensive income
Comprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests

-9-

142

945

12

(43)

(418)

(730)

30

21

(55)

78

(288)

270

5,043

12,921

4,704

12,994339(72)

(3) Notes to quarterly consolidated financial statements(Notes to going concern assumptions)Not applicable(Significant change in shareholders’ equity)
Not applicable(Changes to principal subsidiaries in the current consolidated year to date）
Effective April 1, 2020, as part of the Group’s growth strategy, the Company acquired all of theshares of EXCEL and made it a wholly owned subsidiary. As a result, EXCEL ASIAN TAIWAN
CO.,LTD, EXCEL ELECTRONICS (HONG KONG) LTD., EXCEL INTERNATIONAL TRADING (SHANGHAI)
CO.,LTD., EXCEL SINGAPORE PTE LTD., EXCEL ELECTRONICS TRADING (SHENZHEN) LTD.,
Advanced Display Solutions Limited., Advanced Display Solutions (HONG KONG) Limited., EXCELELECTRONICS TRADING(THAILAND)CO.,LTD.、and ALFA BUS JAPAN CO.,LTD. became indirectly
owned subsidiaries of the Company.
Note that EXCEL CO.,LTD. and Advanced Display Solutions (HONG KONG) Limited. constitutes a
specified subsidiary of the Company as the amount of its capital is greater than 10% of the amountof the Company’s capital.
Effective October 1, 2020, Advanced Display Solutions Ltd. merged with Excel Co., Ltd., with Excel
Co., Ltd. as the surviving company.
Alfabus Japan Co., Ltd. was made a non-consolidated subsidiary when control over said company
since it became an indirectly owned subsidiary was recognized to be temporary. However, as thecompany accepted capital injection from a third party effective October 30, 2020, it is no longer
treated as a subsidiary.
Effective November 1, 2020, Excel Co., Ltd is no longer treated as a specified subsidiary as it
conducted a capital reduction.
(Additional information)(Accounting estimates associated with the COVID-19 pandemic)
Accounting estimates such as of impairment of non-current assets and collectability of deferred tax
assets are made based on information that is available as of December 31, 2020 and do not include
significant changes from the financial statement for the previous consolidated fiscal year. Suchaccounting estimates assume that the impact of the COVID-19 pandemic will continue until March
31, 2021 and that there will be a gradual recovery from the fiscal year ending March 31, 2022. Thatbeing said, since the unprecedented impact of the COVID-19 pandemic contains elements ofuncertainty, differences may arise between the estimates and subsequent results.

- 10 -

(Segment information)
I. For the third quarter ended December 2019 (April 1, 2019 – December 31, 2019)
Information about net sales and income (loss) by reportable segments(Million yen)
Reportable segments
Electronic

Information

Components Equipment

Software

Others

Total

Adjustment

Consolidated(Note 1)

(Note 2)

Net sales:
Sales to externalcustomers

293,527

29,7891,788

13,696

338,801－

338,801

1,867

782

381

2,595

5,627

(5,627)－295,394

30,572

2,170

16,291

344,428(5,627)

338,801

6,418

854

9

364

7,647

84

7,732

Inter-segment
sales ortransfers
Total
Segment income
Notes:

1. Adjustment in segment income of 84 million yen includes 84 million yen for elimination of inter-segment
trade.
2. Segment income is adjusted for operating income on the quarterly consolidated statements of income andcomprehensive income.

II. For the third quarter ended December 2020 (April 1, 2020 – December 31, 2020)
Information about net sales and income (loss) by reportable segments(Million yen)
Reportable segments
Electronic

Information

Components Equipment

Software

Others

Total

Adjustment

Consolidated(Note 1)

(Note 2)

Net sales:
Sales to externalcustomers

246,704

33,9372,004

11,619294,266－

294,266

1,826

3,532

601

3,272

9,232

(9,232)－

248,530

37,4692,606

14,892

303,498(9,232)294,266

5,418

1,753

106

149

7,427

89

7,517

Inter-segment
sales ortransfers
Total
Segment income
Notes:

1. Adjustment in segment income of 89 million yen includes 89 million yen for elimination of inter-segment
trade.
2. Segment income is adjusted for operating income on the quarterly consolidated statements of income andcomprehensive income.

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