May 14, 2019
Name of Company:
Stock Code:Head Office:Representative:
Contact:

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
Phone: 03-5657-0111

KAGAELECTRONICSAnnounces Difference between Full-year Consolidated Performance
Forecast andActual Performance and Dividend Payout from Retained Earnings
KAGA ELECTRONICS CO., LTD. (hereafter, the “Company”), hereby announces the differences
between the consolidated performance forecasts for the fiscal year ended March 2019, released on February
6, 2019, and the actual results released today.
Moreover, at the Board of Directors meeting held today, the Company decided to revise the distribution ofretained earnings (date of record: March 31, 2019) in the form of a dividend, as outlined below.

1. Differences between the consolidated performance forecasts for the fiscal year ended March 2019 (April 1,2018 to March 31, 2019)
Net sales

Previous forecast (A)(Released on February 6, 2019)

Actual results (B)Change (A-B)
Rate of change (%)(Reference) Results for theprevious fiscal year ended
March 31, 2018

Operating

Ordinary

incomeincomeProfit attributable
Earnings per
to owners ofshareparentMillion yen

Million yen

Million yen

Million yen

Yen

290,000

7,700

8,000

7,300

266.04

292,779

7,570

7,859

8,014

292.07

2,779

(140)

714－

1.0(129)

(1.8)

9.8

－

235,921

8,119

8,740

6,490

236.58(1.7)＜Reasons＞
In the Group’s consolidated fiscal year under review, the mainstay EMS business (provision of productdevelopment and manufacturing services for electronic equipment on a contracting basis) was solid and sales
were robust in the semiconductor and electronic components. In addition, earnings for Fujitsu Electronics,
which became a consolidated company from January 2019 with the acquisition of shares, made steadyprogress. As a result, the Company’s performance from net sales to ordinary income was generally in linewith prior forecasts. Net income exceeded the prior forecast because of the posting of extraordinary gains fornegative goodwill following the aforementioned share acquisition, as well as a slight decrease in income
taxes resulting from the comsolidated tax payment system.
Net income totaled 8,014 million yen, exceeding the previous high of 7,272 million yen recorded in thefiscal year ended March 2006, and reaching a record high for the first time in 13 years.
-1-2. Distribution of retained earnings
Finalized amount
Record date

Most recent dividend
forecast

Dividends paid in previous
fiscal year ended March(Announced on February 6, 2019)2018

March 31, 2019

Same as left

45.00 yenMarch 31, 2018
40.00 yen

Dividend per share(Ordinary dividend: 40.00 yen)
(Extraordinary dividend: 5.00yen)

40.00 yen(Ordinary dividend: 35.00 yen)
(Extraordinary dividend: 5.00yen)

Total dividends

1,235 million yen－

1,097 million yen

Effective dateJune 28, 2019－

June 29, 2018

Source of dividends

Retained earnings－

Retained earnings＜Reasons＞
The Company views returning profits to shareholders as one of its most important measures formanagement. Its basic policy is to strive to strengthen its financial system and management foundations froma long-term perspective while also maintain stable and ongoing dividends to shareholders while monitoring
consolidated earnings.
Based on this basic policy, the Medium-term Management Plan 2021 lays out the Company’s goal of stably
providing dividends while securing a consolidated dividend ratio of 25 to 35%.
In light of consolidated performance results this year, the Company has decided to add a special dividendof 5 yen to the 40 yen dividend per share forecasted at the start of the fiscal year, thus increasing dividends
for the end of the fiscal year to 45 yen per share. Together with the 35 yen per share in interim dividends, thiswill increase annual dividends by 10 yen over the previous fiscal year to 80 yen per share.
This issue will be introduced at the 51st regular meeting of shareholders to be held on June 27, 2019.
Reference: Breakdown of annual dividends
Dividend per share
Record date

Interim

Actual dividend paid
(Fiscal year ended March2019)35.00 yen

Dividends in previous
fiscal year
(Fiscal year ended March2018)

Fiscal year-endTotal
80.00 yen

45.00 yen(Ordinary dividend: 30.00 yen)(Ordinary dividend: 40.00 yen)(Commemorative dividend:(Special dividend: 5.00 yen)
5.00 yen)

30.00 yen

40.00 yen(Ordinary dividend: 70.00 yen)(Commemorative dividend:5.00 yen)(Special dividend: 5.00 yen)

70.00 yen(Ordinary dividend: 25.00 yen) (Ordinary dividend: 35.00 yen) (Ordinary dividend: 60.00 yen)(Special dividend: 5.00 yen)(Special dividend: 5.00 yen)(Special dividend: 10.00 yen)

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