February 4, 2021

Name of Company:
Stock Code:Head Office:Representative:

KAGA ELECTRONICS CO., LTD.

8154 Tokyo Stock Exchange, First Section
20 Kandamatsunagacho, Chiyoda-ku, Tokyo
Ryoichi Kado, President & COO
Eiji Kawamura, Managing Director,
Head of Administration Headquarters
Tel: 03-5657-0111

Contact:

KAGA ELECTRONICS Revises Earnings Forecastand Dividend Forecast (dividend increase)
KAGA ELECTRONICS CO., LTD. (hereafter, “the Company”) has revised its consolidated
earnings forecast and dividend forecast for the fiscal year ended March 31, 2021,
released on Nobember 5, 2020, in light of recent earnings trends, as shown below:
Details●Revision of earnings forecast
Revisions to consolidated earnings forecasts for the fiscal year ended March 31, 2021 (fromApril 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

Profitattributableto ownersof parent

Net
incomeper share

Net sales

Operatingincome

Ordinaryincome

Million yen

Million yen

Million yen

Million yen(yen)410,000

7,500

7,50010,000

364.18415,000

9,000

8,500

10,500382.30

5,000

1,500

1,000500

-

1.2

20.0

13.3

5.0-

443,615

10,014

10,1375,852

213.21[Reasons for revisions]
In the Electronic components and EMS businesses where signs of recovery are
emerging in demand from customers in the manufacturing sector, related Group
companies both in Japan and overseas are on the whole outperforming their internal
forecasts. Likewise, the Information Equipment business is enjoying strong sales of PC
products that respond to the needs in teleworking and on-line learning. Meanwhile,
continued efforts are being made to curb selling, general and administrative expenses
with focus on reducing controllable costs.

-1-In light of the earnings trend as described above, the Company revised its full-year
earnings forecast, raising the forecast for net sales by 5,000 million yen from thepreviously announced figure to 415,000 million yen, operating income by 1,500 million
yen to 9,000 million yen, and ordinary income by 1,000 million yen to 8,500 million yen,while profit attributable to owners of the parent was revised to 10,500 million yen, up
500 million yen, taking into careful consideration impacts of the COVID-19 pandemic andother factors.

●Revision of dividend forecast

Second quarter end

Annual dividends
Year-endTotal

30 yen60 yen40 yen70 yenPrevious forecast(Announced on
December 5, 2020)

Revised forecast

Dividends for thecurrent fiscal year
Dividends for theprevious fiscal year
(Fiscal year ended
March 31, 2020）(Ordinary dividend 30 yen) (Ordinary dividend 60 yen)(Special dividend 10 yen) (Special dividend 10 yen)

30 yen40 yen30 yen70 yen(Ordinary dividend 30 yen) (Ordinary dividend 60 yen)(Special dividend 10 yen) (Special dividend 10 yen)[Reasons for revisions]
The Company has positioned the return of profits to shareholders as one of the mostimportant management policies, and in addition to endeavoring to strengthen its financial
position and management foundation with a long term perspective, has the basic policyof maintaining stable and ongoing dividends to all shareholders in conjunction with theconsolidated results.
In light of this revision to the full-year earnings forecast, we have increased thedividend for the fiscal year ended March 2020 to 40 yen per share, adding a special
dividend of 10 yen per share to the initial forecast of 30 yen per share. Thus, together
with the interim dividend of 30 yen, the full-year dividend will be 70 yen per share,unchanged from the previous fiscal year.
A proposal concerning this matter will be submitted to the 53rd Ordinary General
Meeting of Shareholders scheduled for June 29, 2021.
Note: The above forecasts are based on the information currently available to the Company on the date ofrelease and certain assumptions deemed reasonable. Actual results may vary from the forecast for avariety of reasons.

End-2-