February 6, 2018
To whom it may concern:
Name of Company:
Stock Code:Head Office:

KAGA ELECTRONICS CO., LTD.
8154 Tokyo Stock Exchange, First Section
20 Kandamatsunagacho, Chiyoda-ku, Tokyo

Representative:

Ryoichi Kado, President & COO
Eiji Kawamura, Managing Director,
Administration Headquarters
Phone: +81-(0)3-5657-0111

Contact Person:

KAGA ELECTRONICS Revises Consolidated Performance Forecast andDividend Forecast
KAGA ELECTRONICS CO., LTD. (TSE: 8154) (“the Company”) today announced the revision of its
consolidated performance forecast for the fiscal year ending March 31, 2018 and dividend forecast, released on
November 8, 2017, to reflect the recent performance as follows.
- Description ●Revision of Consolidated Performance Forecast
Revised consolidated performance forecast for the year ending March 31, 2018 (From April 1, 2017 to March 31, 2018)
ProfitOperating
Ordinary
Earnings perNet sales
attributable toincome
incomeshareowners of parent
Previous forecast (A)Revised forecast (B)Million yen

Million yen

Million yen

Million yen

Yen

232,000

7,500

8,200

6,300

229.63232,000

8,000

8,700

6,450

235.10Difference (B-A)－500500

150－

Difference (%)(Reference) Results
for the year ended
March 31, 2017－

6.7

6.1

2.4

－

227,209

6,879

7,343

6,975

249.43

Reason for the Revision
The overview of the first nine months of the fiscal year ending March 2018 showed that EMS business forelectronic equipment and sales of semiconductors, our core businesses, as well as housing-related products
increased favorably although the amusement machine-related market remained stagnant.
The Company reviewed its full-year forecast by taking into consideration such strong performance andcarefully reflecting future uncertainties and concluded that it is expected to exceed the previous forecast, andaccordingly the Company revised upward the full-year forecast as shown above.

-1-●Revision of Dividend Forecast
InterimPrevious forecast(Announced onNovember 8, 2017)

Revised forecast
Fiscal year ending
March 2018
Fiscal year ended
March 2017

Annual dividend
Year-endTotal
65.00 yen
35.00 yen(Ordinary dividend: 60.00 yen)
(Extraordinary dividend: 5.00 yen)
40.00 yen
70.00 yen(Ordinary dividend: 35.00 yen) (Ordinary dividend: 60.00 yen)
(Extraordinary dividend: 5.00 yen) (Extraordinary dividend: 10.00 yen)

30.00 yen(Ordinary dividend: 25.00 yen)
(Extraordinary dividend: 5.00 yen)
25.00 yen
35.00 yen
60.00 yen(Ordinary dividend: 20.00 yen) (Ordinary dividend: 20.00 yen) (Ordinary dividend: 40.00 yen)
(Extraordinary dividend: 5.00 yen) (Extraordinary dividend: 15.00 yen) (Extraordinary dividend: 20.00 yen)

Reason for the Revision
Our basic policy is to maintain stable and continuous payment of dividends that reflect consolidated performanceas well as to strengthen financial position and management foundation from a long-term perspective.
As described above, the Company’s consolidated performance forecast for the fiscal year ending March 31,2018 is expected to exceed the previous forecast, and, as shareholder returns, we decided to revise upward theyear-end dividend to 40.00 yen per share by adding an extraordinary dividend of 5.00 yen to the previous forecastof 35.00 yen per share.
This, together with the interim dividend of 30.00 yen per share, will achieve an annual dividend of 70.00 yenper share, an increase of 10.00 yen per share from the previous year.
This matter will be proposed in the 50th Ordinary General Meeting of Shareholders to be held in June 2018.
(Note) The above forecast is based on the information currently available to the Company and certain assumptions
deemed reasonable. Actual results may vary from the forecast for a variety of reasons.

-2-