February 3, 2022

Summary of Consolidated Financial Results
for the Third Quarter Ended December 31, 2021 [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 14, 2022
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 2022 (April 1, 2021 –December 31, 2021)(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 2021 352,684

19.9

14,65895.0

14,886105.9

10,414(18.2)

294,266 (13.1)

7,517

(2.8)

7,230

(9.3)

Third quarter ended December 2020

12,728 158.5

Note: Comprehensive income: 3Q of FY3/2022: 12,866million yen ［(0.4)%］ 3Q of FY3/2021: 12,921 million yen ［156.2%］

Earnings per
share(diluted)

Earnings per
share
Yen

Yen

Third quarter ended December 2021

387.76－

Third quarter ended December 2020

463.49－Note:The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020), etc. was applied
from the first quarter of the current fiscal year.

(2) Financial Position (Consolidated)
Total assets

Net assets

Equity ratio

Million yen

Million yen%

As of December 31, 2021

261,202

101,719

37.3

As of March 31, 2021

237,004

95,062

38.4

Reference: Shareholders’ equity As of December 31, 2021: 97,323 million yen

As of March 31, 2021: 90,967 million yen

2. Dividends
Dividend per share

Fiscal year ended March 2021
Fiscal year ending March 2022
Fiscal year ending March 2022 (Forecast)

1Q

2Q

3Q

Year-end

Full year

Yen

Yen

Yen

Yen

Yen

-

30.00
45.00

-

50.00

80.00

65.00

110.00Notes: Change in the dividend forecast from the latest announcement: Yes
Breakdown of year-end dividend for FY3/2021: Ordinary dividend: 30.00 yen; Extraordinary dividend: 20.00 yen
Breakdown of interim dividend for FY3/2022: Ordinary dividend 40.00 yen; Extraordinary dividend: 5.00 yen
Breakdown of year-end dividend for FY3/2022（forecast）: Ordinary dividend: 40.00 yen; Extraordinary dividend: 25.00 yen
With respect to the revision of dividend forecast, please refer to “Notice regarding upward revision to full-year earningsand dividends forecasts” announced today (February 3, 2022).

3. Forecast for the fiscal year ending March 2022 (Consolidated, April 1, 2021 – March 31, 2022)

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

475,000

12.5

17,50052.6

18,00060.1

12,0005.3

449.13

Note: Change in the forecast from the latest announcement: Yes
With respect to the revision of consolidated performance forecast, please refer to “Notice regarding upward revision to full-year
earnings and dividends forecasts” announced today (February 3, 2022).

* Notes(1) Changes in significant subsidiaries (Changes in specified subsidiaries accompanied by changes in thescope of consolidation): None
(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 : Yes(b) Changes other than (a): None(c) Changes in accounting estimates: None(d) Retrospective restatement: NoneNote: For more information, please refer “２．Quarterly Consolidated Financial Statements and Major
Notes (3) Notes to quarterly consolidated financial statements (Changes in accounting
policies)” on page 10.
(4) Number of shares outstanding (common stock)(a) Shares outstanding (including treasury shares)
As of December 31, 2021:

28,702,118 As of March 31, 2021:

28,702,118

2,453,692 As of March 31, 2021:

1,229,877(b) Treasury shares
As of December 31, 2021:(c) Average number of shares (quarterly consolidated during the period)
Period ended December 31 2021:

26,858,954 Period ended December 31, 2020: 27,462,845* The quarterly audit procedures by a certified public accountant or auditing firm are not applicable to thisQuarterly 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 4.
(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............................................ 4
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, 2021 - December 31, 2021) .............................................. 8(3) Notes to quarterly consolidated financial statements ...................................................... 10(Notes to going concern assumptions) ........................................................................ 10(Significant change in shareholders’ equity) ................................................................ 10(Changes to accounting policies) ................................................................................ 10(Additional information) .......................................................................................... 10(Segment information) ............................................................................................. 11-1-

1. Results of Operations(1) Overview of consolidated business performance
During the third quarter of the consolidated fiscal period under review, the Japanese and overseas
economies continued to recover with the resumption of economic activities owing to the progress invaccinations and easing of restrictions on movement. While the COVID-19 resurgence is causing a
prolongation of various issues including a rise in material costs, a shortage of parts, and disruptions in
distribution, capital investment and manufacturing activity generally maintained a steady trend.
In the electronics industry to which the Group belongs, the tight supply of semiconductors andelectronic parts persisted in a broad range of areas, such as automotive products, air-conditioning
equipment, communications, and industrial equipment, while unit prices continued to rise. Demand,
however, remained robust on the back of a recovery from the slump caused by COVID-19.
As a result of these factors, net sales in the third quarter of the consolidated fiscal year underreview increased by 19.9% year on year to 352,684 million yen, with the Group’s core electronic
components business continuing to be the driver of this growth since the first quarter.
In terms of income, the Company’s continued efforts in facilitation of teleworking and othermeasures for work style reform amid the COVID-19 pandemic as well reduction and control of
expenses, combined with increases in net sales and gross profit, led to a year-on-year increase of
95.0% in operating income, to 14,658 million yen, and a year-on-year increase of 105.9% in ordinary
income, to 14,886 million yen. Profit attributable to owners of parent fell 18.2% year on year to
10,414 million yen, due to the absence of the 7,963 million yen “gain on bargain purchase”
associated with corporate acquisition executed in the previous fiscal year and posted as extraordinary
income. Operating income and ordinary income both achieved record highs for the same period.
The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020), etc.
was applied from the first quarter of the current fiscal year. This lowered net sales in the third quarterby 3,723million yen. For details, refer to “2. Quarterly Consolidated Financial Statements and Major
Notes (3) Notes to quarterly consolidated financial statements (Changes to accounting policies).”
The fiscal year ending in March 2022 is the final year of Medium-Term Management Plan 2021
(2019–2021), the Group’s three-year management plan that began in April 2019. With smooth
implementation of PMI (post-merger integration) at acquired companies, which has contributed to
profit, in addition to sales expansion in the electronic components business, achievement of profit
targets in terms of both operating income and ROE is projected to substantially exceed the plan.
On November 25, 2021, the Group announced two management plans formulated as the Group’s
growth guidelines for the next three years, to be implemented subsequently to the accomplishmentof the current management plan. These are “Medium-Term Management Plan 2024,” which runs to
the fiscal year ending March 2025, and “Medium- to Long-Term Sustainability Management Plan.” In
the next Medium-Term Management Plan, the Group has set management targets of “750 billion yen
in net sales, 20.0 billion yen in operating income, and ROE of 8.5% or higher.” The Group willcontinue its efforts to become “Japan’s No. 1 corporate group in the industry and a competitive
world-class company.”
FY 2021/3 3Q(April 1, 2020 –December 31, 2020)

Net sales
Gross profit（Margin）（Million yen）

294,266
33,646
11.4%

FY 2022/3 3Q(April 1, 2021 –December 31, 2021)（Million yen）

352,684
42,761
12.1％

YoY（Million yen）

58,418
9,114
0.7pt

19.9％
27.1％
－

SG&A

26,12928,102

1,973

7.6％

Operating income

7,517

14,658

7,141

95.0％

Ordinary income

7,230

14,886

7,655

105.9％

Profit before income taxes

14,842

14,706(135)(0.9％)

12,728

10,414(2,313)(18.2％)

4.99Yen－Profit attributable to ownersof parent
Exchange Rate
(Average rate during the year)
USD

106.11Yen-2-

111.10Yen

Business segment performance was as follows.
(a) Electronic components (Sale of semiconductors and general electronic components,
development, manufacture, and sale through the electronics manufacturing service (EMS), andother activities)
The business placed top priority on securing volume in the face of prolonged constraints on the
supply of semiconductors and electronic parts, and met robust demand from a wide range ofindustries by leveraging the Company's procurement capabilities as an independent trading
company. The steady progress in PMI at acquired companies including KAGA FEI Co., Ltd. and
EXCEL Co., Ltd. contributed to profit growth in this business. In the EMS business, theautomotive, industrial equipment, and medical sectors continued to enjoy strong performance.
Lockdowns to combat the spread of COVID-19 and production line stoppages due to a shortageof electronic parts occurred at some plants, but the Company endeavored to mitigate the impact
by implementing thorough process control through close cooperation with customers’ plants andother measures.
As a result, net sales increased by 26.2% year on year to 311,412 million yen, and segment
income increased by 140.0% year on year to 1,302 million yen.
Since the fiscal year of the overseas subsidiaries of EXCEL, which became consolidated in April
2020, ends in December, earnings for January–March 2020, prior to consolidation, were not posted
as quarterly data for the previous fiscal year, but the January–March 2021 results were posted forthis consolidated fiscal year
(Note) Electronics Manufacturing Service: Provision of product development and manufacturing services onan 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, sales of PC peripherals such as security software remained strong. However,sales of PCs to corporations were subdued given the abatement of demand associated with theshift to remote working and the impact of product supply difficulties due to a shortage ofelectronic parts.
The impact of delays in work, resulting from the late delivery of products and materials due toparts shortages, was also felt in the equipment installation business for LED lighting, network
devices, etc.
As a result, net sales decreased by 22.5% year on year to 26,301 million yen, and segment
income decreased by 30.6% year on year to 1,216 million yen.
(c) Software (Production of computer graphics, planning and development of amusement products,
and other activities)
In this business, demand from CG development for smartphone games was firm against the
backdrop of pandemic-induced stay-at-home demand. However, expenses increased due in partto efforts made in meeting delivery requirements.
As a result, net sales decreased by 8.2% year on year to 1,841 million yen, and segment lossof 109 million yen was recorded (106 million yen of segment income in the same period of theprevious fiscal year).
(d) Others (Repair and support for electronics equipment, and sales of amusement equipment andsports goods, and others)
In this business, the recycling business for PC, PC peripheral, and other equipment was strong,
as demand for reused and recycled products increased amid continuing supply difficulties forfinished products due to the shortage in electronic parts.
As a result, net sales increased by 13.0% year on year to 13,129 million yen, and segment
income increased by 217.5% year on year to 473 million yen.
-3-

< Financial Results by Business Segment >FY 2021/3 3Q(April 1, 2020 –December 31, 2020)（Million yen）

311,41213,00264,70826.2％
7,583 140.0％

26,301
1,216(7,636) (22.5％)(537) (30.6％)

Components

Segment income

5,418

Information

Net sales

33,937Equipment

Segment income

1,753

Software

Net sales

２,004

Segment income

Net sales

(163)
(216)

13,129
473

1,510
13.0％
324 217.5％

352,684
14,65858,418
7,141

11,619149
294,266

Segment income

7,517（Million yen）

1,841
(109)

106

Segment income
Total

YoY

246,704

Net sales

Net sales(April 1, 2021 –December 31, 2021)（Million yen）

Electronic

Others

FY 2022/3 3Q(8.2％)
－

19.9％
95.0％

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, 2021, increased by 24,197 million yen from March 31, 2021, to
261,202 million yen.
Current assets increased by 23,396 million yen from March 31, 2021, to 223,575 million yen. Thisis primarily due to increases of 16,440 million yen in merchandise and finished goods, and 5,936
million yen in raw materials and supplies.
Non-current assets increased by 801 million yen from March 31, 2021, to 37,626 million yen. Thisis primarily due to a 635 million yen increase in investment securities.
Liabilities increased by 17,540 million yen from March 31, 2021, to 159,483 million yen. This is
primarily due to increases of 3,456 million yen in notes and accounts payable - trade, and 14,342
million yen in short-term loans payable.
Net assets increased by 6,656 million yen from March 31, 2021, to 101,719 million yen. This is
primarily due to an increase of 10,414 million yen in profit attributable to owners of parent.
(3) Qualitative information on consolidated performance forecast
Regarding the full-year earnings forecast for the fiscal year ending March 31, 2022, although
uncertainty about the future prevails such as the impact of the new COVID-19 variant (Omicron) thatis raging in Japan and around the world, currency movements, and expectations of US interest rate
rises, the Company has revised its full-year forecasts announced on November 4, 2021, in light ofprogress achieved in earnings in the nine months of the fiscal year under review as well as theoutlook for the future.
For details, please refer to “Notice regarding revision to full-year earnings and dividend forecasts(upward revision)” released today (February 3, 2022).

-4-

Revisions to consolidated earnings forecasts for the fiscal year ended March 31, 2022
(from April 1, 2021 to March 31, 2022)
Profitattributable Net income
to owners of per shareparentNet sales

OperatingincomeOrdinary
incomeMillion yen

Million yen

Million yen

Million yen

yenPrevious forecast (A)470,000

15,00014,5009,000

336.84

Revised forecast (B)475,000

17,50018,00012,000449.13

5,000

2,500

3,500

3,000

－

1.1

16.7

24.1

33.3

－

422,365

11,467

11,241

11,399415.07

Difference (B-A)
Percent change (%)(Reference)
Results for the fiscal year
ended March 31,2021
Revision of dividend forecast
Annual dividends

Second quarter end

Previous forecast(Announced on November 4, 2021)

Dividends for the previous
fiscal year

(Fiscal year ended March 31, 2020)

Total

45 yen90 yen65 yen110 yen

50 yen80 yen(Ordinary dividend 40 yen) (Ordinary dividend 80 yen)
(Extraordinary dividend 5 yen) (Extraordinary dividend 10 yen)

Revised forecast

Dividends for the current
fiscal year

Year-end(Ordinary dividend 40 yen) (Ordinary dividend 80 yen)
(Extraordinary dividend 25 yen) (Extraordinary dividend 30 yen)

45 yen(Ordinary dividend 40 yen)
(Extraordinary dividend 5 yen)

30 yen(Ordinary dividend 30 yen) (Ordinary dividend 60 yen)(Ordinary dividend 30 yen)
(Extraordinary dividend 20 yen) (Extraordinary dividend 20 yen)

Note: The above earnings forecasts are based on the information currently available to the Company on the dateof release and certain assumptions deemed reasonable. Actual results may vary from the forecast for avariety 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 2021

December 2021

(As of March 31, 2021)(As of December 31, 2021)

ASSETS
Current assets
Cash and deposits

45,63640,914

Notes and accounts receivable – trade103,773

100,302

4,621

8,229

302

264

Electronically recorded monetary claims – operating
Securities
Merchandise and finished goods

29,727

46,167Work in process

1,280

2,351

Raw materials and supplies

6,940

12,877

9,921

12,701

Allowance for doubtful accounts(2,024)(233)

Total current assets

200,179

223,575

Buildings and structures, net

7,021

6,586

Machinery, equipment and vehicles, net

4,642

5,397

Tools, furniture and fixtures, net

1,378

1,034

Land

5,074

5,074

107

106

18,22518,199Goodwill

209

124

Software

2,338

2,778

62

45

2,609

2,949

Investment securities

10,771

11,407

Deferred tax assets

2,252

2,144

Guarantee deposits

931

903

Other

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

Insurance funds
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

-6-

910

914

1,629

3,416

(504)

(2,307)

15,99016,47736,82537,626

237,004

261,202

(Million yen)
Fiscal year ended

Third quarter ended

March 2021

December 2021

(As of March 31, 2021)(As of December 31, 2021)

LIABILITIESCurrent liabilities
Notes and accounts payable - trade

79,854

83,311

Short-term loans payable

10,80025,143

Accrued expenses

5,957

6,211

Income taxes payable

2,136

2,123

126

72

9,642

9,219

108,517

126,082Long-term loans payable

25,16625,143

Deferred tax liabilities

1,685

1,943

Provision for directors’ bonuses
Other
Total current liabilities
Non-current liabilities

Provision for directors’ retirement benefits

106

119

Net defined benefit liability

2,272

2,277

Asset retirement obligations

343

352

Other

3,850

3,565

Total non-current liabilities

33,42433,401

141,942

159,483

Capital stock

12,133

12,133

Capital surplus

14,327

14,320Retained earnings

64,56872,436

Treasury shares(1,984)(5,641)

Total shareholders’ equity

Total liabilities
NET ASSETS
Shareholders’ equity

89,04593,249

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges

1,378

1,738

50

16

Foreign currency translation adjustment

470

2,282

Remeasurements of defined benefit plans

21

36

1,921

4,073

Total accumulated other comprehensive income
Non-controlling interests

4,095

4,395

Total net assets

95,062

101,719

237,004

261,202

Total liabilities and net assets-7-

(2) Quarterly consolidated statements of income and comprehensive income
For the third quarter (April 1, 2021 – December 31, 2021)

Net sales
Cost of sales
Gross profit

Third quarter ended
December 2020
(April 1, 2020 –December 31, 2020)
294,266
260,619(Million yen)
Third quarter ended
December 2021
(April 1, 2021 –December 31, 2021)
352,684
309,923

33,646
26,12942,761
28,102

7,517

14,658

97
169
126
－
444
838

102
146
135
143
506
1,034

227

222

424

499

405
66
1,124

－
84
806

7,230

14,886

1
39
7,963
7

7
118
－
7

－

174

20
8,031

17
324

－
24
311

51
11
60

－

174

23

－

－

175

60
420

32
504

14,842
1,653
537
2,191

14,706
3,626
412
4,039

12,650

10,667

12,728

10,414(77)

252

Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Commission fee
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using
equity method
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Gain on bargain purchase
Gain on transfer of business
Reversal of estimated losses associatedwith fund leakage incident that involved
our American subsidiary
Other
Total extraordinary income
Extraordinary loss
Impairment loss
Loss on retirement of non-current assets
Loss on valuation of investment securities
Loss on liquidation of subsidiaries andassociates
Extra retirement payments
Provision of allowance for doubtful

accounts
Other

Total extraordinary loss
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent
Profit (loss) attributable to non-controllinginterests-8-

(Million yen)
Third quarter ended
December 2021
(April 1, 2021 –December 31, 2021)

Third quarter ended
December 2020
(April 1, 2020 –December 31, 2020)
Other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges

945

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-

359

(43)

(34)

(730)

1,765

21

13

78

94

270

2,199

12,921

12,866

12,994

12,567(72)

299

(3) Notes to quarterly consolidated financial statements(Notes to going concern assumptions)Not applicable(Significant change in shareholders’ equity)
The Company has acquired 1,231,700 treasury shares based on a resolution passed at the Boardof Directors’ meeting held on August 5, 2021. As a result, treasury stock increased by 3,674 million
yen in the third quarter of the consolidated fiscal period under review, and the amount of treasury
stock as of December 31, 2021, was 5,641 million yen.
(Changes to accounting policies)(Application of the Accounting Standard for Revenue Recognition, etc.)
The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement
No. 29, March 31, 2020), etc. effective from the beginning of the first quarter of the current fiscal
year, and it recognizes revenue as the amount expected to be received in exchange for goods orservices when control over the promised goods and services passes over to the customer.
As a result, in the case of a performance obligation in which the promise with the customer
involves the supply of goods or services provided by another party, the net amount received as theagent is recognized as revenue.
The application of the Accounting Standard for Revenue Recognition, etc. is subject to thetransitional treatment provided for in the proviso of Paragraph 84 of the Accounting Standard for
Revenue Recognition. The cumulative effect of the retrospective application, assuming the new
accounting policy had been applied to periods prior to the beginning of the third quarter, was added
to or subtracted from the beginning balance of retained earnings of the third quarter, and thus the
new accounting policy was applied from the beginning balance.
However, the method provided for in Paragraph 86 of the Accounting Standard for Revenue
Recognition was applied so that the new accounting policy was not retrospectively applied tocontracts where recognitions of nearly all the revenue amounts for periods prior to the beginning of
the third quarter were subject to the previous treatment.
As a result, compared to the previous method, in this third quarter, net sales decreased by 3,723
million yen, and the impact on operating income, ordinary income, and profit before income taxes
was minimal. The impact of retained earnings on the balance at the beginning of the period was
also minimal.
(Application of Accounting Standards for Fair Value Measurement)
The “Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30, July 4, 2019)
was applied from the start of the first quarter of this consolidated fiscal year, and in accordancewith the transitional treatment set forth in Article 19 of “Accounting Standard for Fair Value
Measurement” and Article 44-2 of “Accounting Standard for Financial Instruments” (ASBJ
Statement No. 10, July 4, 2019), the Company will continue to apply new accounting policies
prescribed by “Accounting Standard for Fair Value Measurement” and other standards into the
future. The effects of this adoption on the quarterly consolidated financial statements are
immaterial.
(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, 2021 and do notinclude significant changes from the financial statement for the previous consolidated fiscal year.
- 10 -

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

Information

Components Equipment

Software

Others

Total(Million yen)
Adjustment

Consolidated(Note 1)

(Note 2)

Net sales:
Sales to externalcustomers
Inter-segment
sales or

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

transfers
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.

II. For the third quarter ended December 2021 (April 1, 2021 – December 31, 2021)
Information about net sales and income (loss) by reportable segments
Reportable segments
Electronic

Information

Components Equipment

Software

Others

Total(Million yen)
Adjustment

Consolidated(Note 1)

(Note 2)

Net sales:
Sales to external

311,41226,301

1,841

13,129352,684－

352,684

2,189

3,890

528

4,873

11,482(11,482)－

Total

313,601

30,191

2,370

18,003364,166(11,482)352,684

Segment income

13,002

1,216

(109)

473

14,58176

14,658customers
Inter-segment
sales ortransfers

Notes:

1. Adjustment in segment income of 76 million yen includes 76 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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