Report on Financial Result
First Half of Fiscal Year Ending March 2011

November 16, 2010
KAGA ELECTRONICS CO., LTD. (TSE 1st section, 8154)
3-12-8 Sotokanda, Chiyoda-ku, Tokyo
Tel: (03) 4455-3131 Fax: (03) 3815-7133
http://www.taxan.co.jp

Financial Highlights
First half of fiscal year ending in March 2011
April to September 2010
(Consolidated First Half)2© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Financial Highlights of Interim FY 2011

Comparative Consolidated Income Statement
Net sales
Cost of sales

平成18年3月期

Gross profit
Selling, general andadministrative expenses
Operating income
Non-operating income
Non-operating expenses
Ordinary income
Extraordinary losses
Income before income taxes
and minority interests
Income, residential andenterprise taxes
Income tax adjustment
Minority interest in income/lossof consolidated subsidiaries

Net income（millions of yen）

Interim FY2010

Interim FY2011

Change113,926

100.0%

120,470

100.0%

6,544

5.7%

100,265

88.0%

104,410

86.7%

4,145

4.1%

13,661

12.0%

16,060

13.3%

2,399

17.6%

13,293

11.7%

13,465

11.2%

172

1.3%

367

0.3%

2,594

2.2%

2,227606.8%

363

0.3%

388

0.3%

25

6.9%

529

0.5%

338

0.3%

-191

-36.1%

201

0.2%

2,644

2.2%

2,443

1215.4%

-194

-0.2%

-23

0.0%

171

-

8

0.0%

2,621

2.2%

2,613

-

620

0.5%

1,084

0.9%

464

74.8%

370

0.32%

104

0.09%

-266

-71.9%-50-0.04%

20

0.02%

70

--931

-0.8%

1,412

1.2%

2,343

-

平成19年3月期（予）3© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Comparison of Consolidated Sales by Business Category (Interim FY 2010 and FY2011)（millions of yen）
Interim FY2010(before elimination)

Interim FY2011(before elimination)

Net sales

Net sales

IncomePct.

IncomePct.

Interim FY2011(after elimination)

ChangeChangeNet sales

Pct.

IncomePct.

Electronic
components

77,71366.0%

89,226

71.6%

11,51314.8%

88,52873.5%-63-14.0%

2,042

75.9%

2,105

-3341.3%

2,042

78.7%

Informationequipment

31,89527.1%

24,76919.9%-7,126-22.3%

24,384

20.2%

148

32.8%

139

5.2%

-9

-6.1%

139

5.4%

1,694

1.4%

3,933

3.2%

2,239

132.2%

2,715

2.3%Software
Others
Total

264

58.5%

298

11.1%

34

12.9%

298

11.5%

6,505

5.5%

6,675

5.4%

170

2.6%

4,841

4.0%

102

22.6%

209

7.8%

107

104.9%

2098.1%

117,807100.0%

124,604

100.0%

6,797

5.8%

120,470

100.0%

451

100.0%

2,689

100.0%

2,238

496.2%

2,594

100.0%

Major changes■Electronic component (Development,manufacture and sales of semiconductors,general electric components and otherproducts,electronics manufacturing service(EMS),and other activities)
Sales of semiconductors and electronic components used in flat-panel TVs and other digital consumer electronics, cellphones, PCs and other products increased along with a slow economic recovery.In the environmental products category,there were higher sales of electronic components for LED lamps. In addition, there was a recovery in EMS orders inJapan and overseas. The result was segment sales of 88,528 million yen.
■Information equipment (Sales of PCs, PC peripherals, photograph and imaging products, original-brand products, and otherproducts)
A shift in the distribution channels of major PC manufacturers caused segment sales to decline. However, there wereactions aimed at adding new products like SD memory cards for portable devices and at increasing sales of existingproducts. Segment sales totaled 24,384 million yen.

4
© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

【Reference】Comparison of Consolidated Sales by Business Category (Interim FY 2010 and 2011)
140,000
120,000（millions of yen）

Interim FY 2010
Information equipment

EMS
Semiconductors

29,054
27,41826,029

25.5%
31.1%
22.8%

Interim FY 201122,43235,312
31,346

18.6%
29.3%
26.0%

Change-6,622
7,894
5,317

100,000-22.8%
28.8%
20.4%（ millions of yen ）120,470
113,926
15,741
15,68280,00026,02917,954
13,425

Others31,346

General electronic
components
Semiconductors

60,000General electroniccomponents

15,68213.8%

13,425

11.1%-2,257-14.4%

40,000

OthersTotal

15,741
113,926

13.8% 17,954
100.0% 120,470

14.9%
100.0%

2,213
6,544

14.1%
5.7%

20,00027,418EMS
35,312
Information equipment

29,054

22,4320Interim FY 2010

Interim FY 2011

Major changes■EMS sales : Increase 7,894 million yen (+28.8%)
Along with a slow economic recovery, there was a recovery in EMS orders in Japan from manufacturers of amusement
equipment and overseas from manufacturers of office equipment and climate control equipment. The result was salesof 35,312 million yen (increase 7,894 million yen).
■Semiconductor sales : Decrease 6,622 million yen （-22.6%）
A shift in the distribution channels of major PC manufacturers to large electronics retailers and specialty stores caused
segment sales to decline. Sales totaled 22,432 million yen (decrease 6,622 million yen).

5© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Selling, General and Administrative Expenses (Interim FY 2010 and FY 2011)
16,000（millions of yen）

Interim FY2010
AmountPacking and freight
1,141
R&D
385
Others479
Total selling expenses
2,005
Depreciation expenses
308
Rent
1,311
Personnel expenses
6,947
Others2,721
Total administrative
11,287
expenses
Total SG&A expenses
13,293

Interim FY2011

Pct.
Amount
8.6%
1,161
2.9%
290
3.6%
669
15.1%
2,120
2.3%
389
9.9%
1,055
52.3%
7,210
20.5%
2,690
84.9%
100.0%

11,344
13,465

Pct.
8.6%
2.2%
5.0%
15.7%
2.9%
7.8%
53.5%
20.0%
84.2%
100.0%

Change
20-95
190
115
81-256
263
-3157
172

14,00013,293

13,46512,000

2,721

2,690

Pct.
1.8%
-24.7%
39.7%
5.7%
26.3%
-19.5%
3.8%
-1.1%
0.5%
1.3%

10,000Rent
Depreciation expenses

8,000
6,947

7,210

1,311

1,055

308
479
385

389
669
290

1,141

1,161

Interim FY2010

Interim FY2011

6,000
4,000
2,000

Others ofadministrative expenses
Personnel expenses

Others ofselling expenses
R&D
Packing and freight0

Major changes■Selling expenses : R&D cost
Due to a decrease of R&D cost at KAGA ELECTRONICS, Selling expenses decreased 95 million yen.
■Administrative expenses ： Personnel expenses increased 263 million yen. Headcount Increases 297. (5,142→5,439)a) increase : Cyberfront Group joined KAGA group (headcount increase: 140).
KAGA (Shenzhen) increased 156 and KAGA Taxan (Suzhou) electronics increased 284.
b) decrease : KAGA Component group decreased 260.

6
© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Financial Highlights of Interim FY 2011Consolidated Balance Sheets（ASSETS）
Current assets
Cash and cash equivalents
Notes and account receiv able-trade

Merchandize and finished goods

Goods in progress
Raw materials and other supplies

OthersFixed assets
Property, plant and equipment

Intangible assets
Investments and other assets（millions of yen）

FY2010 Interim
ChangeFY end FY2011
111,629 113,962
2,333 （LIABILITIES）
93,27096,8383,568 Current liabilities
Notes and accounts payable-trade
平成18年3月期
平成19年3月期（予）11,65911,917
258
Short-term bank loans
56,30359,2142,911
Others
14,62414,483
-141
753
647
-106 Long-term liabilities
Long-term bank loans
3,442
3,011
-431
Others
6,489
7,566
1,077
（NET ASSETS）
Shareholders' equity
Paid-in capital
18,35817,123-1,235
Capital surplus
6,885
6,434
-451
Retained earnings
2,323
1,901
-422
Treasury stock
9,150
8,788
-362
Valuation and translation adjustment

Minority interests
Total assets

111,629

106,764-4,865 Total liabilities and net assets

FY2010 Interim
ChangeFY end FY2011
63,231
65,4082,177
56,844
58,7791,935
42,982
43,535
553
7,035
8,935
1,900
6,827
6,309-518
6,386
6,629
243
2,120
2,500
380
4,266
4,129
-137
48,39848,553
155
12,133
13,91225,010-1,332-3,021
1,693
111,629

12,133
13,91224,012-1,332-1,884
1,711
113,96200-998
0
1,137
18
2,333

7
© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Consolidated Cash Flow (FY2010 and Interim FY2011)（millions of yen）

Interim
FY2011FY2010ChangeOperating activities

3,936

4,591

655

Investing activities-2,093-1,563

530

Financing activities-1,655-3,024-1,369

Effect of exchange rate changes on cash and cash equivalents-64-351-287

Increase (decrease) in cash and cash equivalents

122-348-470

Cash and cash equivalents, beginning of period

11,368

11,797429

Cash and cash equivalents, end of period

11,491

11,449-525

Major changes■Operating activities ：Net cash provided by operating activities was 4,591 million yen primarily due to a decreasein notes and accounts receivable-trade.
■Investing activities：Net cash used in investing activities was 1,563 million yen primarily due to payments for thepurchase of property, plant and equipment.
■Financing activities：Net cash used in financing activities was 3,024 million yen primarily due to a larger
net decrease in short-term bank loans.

8© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Forecast for the Fiscal Year Ending March 2011
Consolidated Income Statement (FY2010 and forecast FY2011 ) （millions of yen）
FY2010(actual)

FY2011(forecast)AmountAmount

平成18年3月期

Pct.

平成19年3月期（予）Pct.

ChangeChangePct.change

239,391

100.0%

230,000

100.0%-9,391-3.9%

211,15488.2%

199,20086.6%-11,954-5.7%

28,23711.8%

30,800

13.4%

2,563

9.1%

26,655

11.1%

27,900

12.1%

1,245

4.7%

1,582

0.7%

2,900

1.3%

1,318

83.3%

-302

-0.13%

1000.04%402

Ordinary income

1,280

0.5%

3,000

1.3%

1,720

134.4%Net income

-318

-0.2%

1,800

0.8%

2,118

-

Net sales
Cost of sales
Gross profit
SG&A expenses
Operating income
Non-operating income-9© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Comparison of Consolidated Sales by Business Category (FY 2010 and forecast FY2011)（millions of yen）
FY2010(before elimination)

FY2011(forecast)(before elimination)

Net sales

Net sales

IncomePct.

IncomePct.

FY2011(forecast)(after elimination)

ChangeChangeNet sales

Pct.

IncomePct.

Electronic
components

158,92164.4%

216,53974.2%

57,61836.3%

164,500

71.5%

895

50.7%

2,669

63.1%

1,774

198.2%

2,140

73.8%

Informationequipment

69,76928.3%

52,09417.8%-17,675-25.3%

49,000

21.3%

93

5.3%

366

8.7%

273

293.5%

150

5.2%

4,321

1.8%

9,509

3.3%

5,188

120.1%

6,200

2.7%Software
Others
Total

466

26.4%

774

18.3%

308

66.1%

400

13.8%

13,627

5.5%

13,823

4.7%

196

1.4%

10,300

4.5%

311

17.6%

422

10.0%

111

35.7%

210

7.2%

246,640

100.0%

291,965

100.0%

45,32518.4%

230,000

100.0%

1,766

100.0%

4,231

100.0%

2,465

139.6%

2,900

100.0%

Major changes■Electronic component (Development, manufacture and sales of semiconductors, general electric components and otherproducts, electronics manufacturing service (EMS), and other activities)
Sales of semiconductors and electronic components used in flat-panel TVs and other digital consumer electronics, cellphones, PCs and other products increased along with a slow economic recovery. In addition, there was a recovery in
EMS orders in Japan and overseas. The outlook for the operating environment is expected to remain uncertain due tothe impact of the strong yen on earnings of Japanese companies.
■Information equipment (Sales of PCs, PC peripherals, photograph and imaging products, original-brand products, and otherproducts)
A shift in the distribution channels of major PC manufacturers caused segment sales to decline. However, there wereactions aimed at adding new products like SD memory cards for portable devices and at increasing sales of existingproducts.

10© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Consolidated Sales Forecast by Business Category (FY2010 and forecast FY2011)（millions of yen）

FY2010Net sales

Informationequipment
EMS

Pct.

FY2011(forecast)
Net sales

Pct.

Change300,000

250,000

Change Pct.change

64,16926.8%

47,40020.6% -16,769-26.1%

60,91025.4%

75,00032.6%

14,09023.1%

Semiconductors

51,861

21.7%

56,300

24.5%

4,439

8.6%

General electroniccomponents

29,592

12.4%

21,3009.3%-8,292-28.0%

Others32,85713.7%

30,00013.0%-2,857

-8.7%

Total

239,391

100.0% 230,000

100.0%-9,391-3.9%（millions of yen）

239,391

230,000

32,857200,000

150,000

Others

30,00029,592

21,30051,86156,300General electronic
components
Semiconductors
EMS

100,000

60,91075,000Informationequipment

50,00064,16947,4000FY2010FY2011(est.)

Summary■「 Information equipment」：Sales decrease 16,769 million yen because of a shift in the distribution channels ofmajor PC manufacturers.
■「EMS」： Sales increase 14,090 million yen because of a recovery in EMS orders in Japan from manufacturers ofamusement equipment and overseas from manufacturers of office equipment and climate control equipment.
■「 Semiconductors」：Sales increase 4,439 million yen because of increase of semiconductors used in digitalconsumer electronics.
■「 General electronic components」：Sales decrease 8,292 million yen because of■「Others」：Sales down 3,184 million yen due to lower sales of chemical film and other photography products.

11© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.■Selling, General and Administrative Expense Forecast (FY2010 and forecast FY2011)

FY2010
Packing and freight
R&D
OthersTotal selling expenses
Depreciation expenses

Rent
Personnel expenses
OthersAmount
2,283
736
1,490
4,509
700
2,332
13,806
5,306（millions of yen）

（millions of yen）

Changes in SG&A expenses

FY2011(forecast)
ChangePct.
Amount
Pct.
8.6%
2,331
8.4%
48
2.8%
729
2.6%
-7
5.6%
1,926
6.9%
436
16.9%
4,986
17.9%
477
2.6%
706
2.5%
68.7%
2,118
7.6%
-214
51.8% 14,390
51.6%
584
19.9%
5,699
20.4%
393

Total administrative
expenses

22,144

83.1%

22,913

82.1%

769

Total SG&A expenses

26,655100.0%

27,900100.0%

1,245

30,00026,65525,0005,306

27,900
5,699

Others ofadministrative expenses
Personnel expenses
Rent

20,00015,000Depreciation expenses

13,806

14,39010,0005,000

Others ofselling expenses
R&D
Packing and freight

2,332
700
1,490
736
2,283

2,118
706
1,926
729
2,331

FY2010FY2011(forecast)

0Summary■Administrative expenses ： Personnel expenses increased 584 million yen. Increase 645 person. (4,885→5,530)a) increase : Cyberfront Group joined KAGA group (increased 137 headcount).
NUMATA(H.K.) joined KAGA group (increased 24 headcounts)
EMS factories in overseas increased 502 headcounts (KAGA Thailand, KAGA Shenzehen,
KAGA Taxan Suzhou, KAGA Component Malaysia)

12© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

Topics of April - September 2010
1. Start of the Business Unit management
2. Expansion of Sales to Chinese Local Manufacturers
3. Procurement of Land for New Headquarters Building
4. New Products Launch in Consumer Market13© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Start of the Business Unit management

Primary Business Units (BU)
Components
BU

EntertainmentBU

Core components business

Serving the gaming industry

International BU
Worldwide business utilisingoverseas network

Kaga Electronics& Group companies

Information
Equipment BU
Supplying volume retailers

Creating Synergy

Manufacturing
BU
Utilising our EMS
capabilities

Promotion BU
Various businesses
derived from electronics

14© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Business Unit ① Component ＢＵ
KAGA TECH■ Core electronics business - electronic parts,
semiconductors, and module business■ Strengths● A broad range of customers and suppliers benefitting from ourfinancial independence and worldwide network● Cross fertilization throughout divisions provides in-depthbusiness support

Domestic sales with attention to detail, primarily ofmechanical parts for industrial equipment

KAGA DEVICE
Sales agent for semiconductor and information
communication devices manufactured by Mitsubishi
Electric and Renesas

AD DEVICE
System integrator for Toshiba semiconductor
products

ADM
Sale of electronic devices and partial products,
primarily manufactured by Analog DevicesOTSUKA ELECTRIC
Sale of mechanical parts including connectors andcables,and heat countermeasure products

WORKBIT
Design, development, and sale of conversion chips
and modular products for various interfaces
including USB, ATA, and SATA

15
© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Business Unit ② International ＢＵ-1(Components)

International
BU• Worldwide Purchasing Power● Procurement of all kinds of electronic components through our worldwidenetwork•EDMS According Customers Requirements● Total support organisation covering R&D, production and qualitymanagement

KAGA(EUROPE)
Sale of electronic parts and semiconductors, andEDMS business operations in Europe

KAGA(SHANGHAI)
Sale of electronic parts and headquarters for DMS
in the Shanghai region of China

KAGA(THAILAND)EDMS headquarters for eastern Asia. Operations
are based on own and contracted factories

KAGA(USA)
KAGA(KOREA)
KAGA(SINGAPORE)
KAGA(TAIWAN)
KAGA DEVICES (H.K.)
KAGA (DALIAN)
NUMATA (H.K.)
Joined KAGA Group in Oct.2010.
Sale of electronic parts and semiconductors to
local companies in china

16© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Business Unit ② International ＢＵ-2 (EDMS)
Expansion: Applications, Production and Sales Sites■EDMS for all customer needs.

KAGA( EUROPE)★Supporting design through production and quality control

Sales of electronic parts and semiconductors,and EDMS business operations in Europe– Our total support system.

Factories in Japan● Factories owned by Kaga:
4（Yamagata・Niigata・Nagano・Kumamoto）
RussiaCzech Republic● Subcontractors:
China

Hanoi
India
Thailand
Malaysia

50Japan

KAGA (H.K.)
EDMS headquarters for the south region ofChina. Operations are based on own andcontracted factories

KAGA (SHANGHAI)
Sales of electronic parts and headquarters for
EDMS in the Shanghai region of China

KAGA (THAILAND)
Oversea141
Oversea factories:
factories:
141 SMT
SMT lineslines●China:Kaga
３
Subcontractors● China:
Kaga ３ Subcontractors ７
７●Malaysia:
Kaga
１● Malaysia: Kaga １●● Thailand:
Thailand: Kaga
Kaga １
１ Subcontractors
Subcontractors １１●Czech:Kaga
１● Czech:Kaga １
Total
Kaga
Total
Kaga ６
６ Subcontractors
Subcontractors ８８

EDMS headquarters for eastern Asia.
Operations are based on own and contracted
factories

KAGA COMPONENTS (MALAYSIA)Manufacture and sale of switching power
supplies and accessories

HANZAWA (HK)Electronic toy manufacturer in Hong Kong17© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Business Unit ③ Manufacturing ＢＵ

Manufacturing BU
KAGA COMPONENTS● Taking care of planning, development, andmanufacturing, from provision of various
products through to maintenance services.
●Power Supply know-how enables manufacture of high quality /low-cost
products

Core section responsible for EDMS businesses
within the group.Manufacture and sale of switching
power supplies and projectors

MICRO SOLUTION
Manufacture of information equipment andamusement machines,and recycling-related
businesses operations●Complete supply chain loop – covering production of high quality
products through to repair/recycling18© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Business Unite④ Entertainment ＢＵEntertainment BU• Many years of experience in the gaming
industry, expanding to all fields ofgaming/amusement business.

DIGITAL MEDIA LAB
Computer graphics production for films and TV
games leveraging high-defintion video andoutstanding designing capability

KAGA AMUSEMENT
Distribution of amusement machines, anddevelopment and support for new production● Dedicated divisions and group companies
provide a total service – from R&D tomanufacturing
Amusement Equipment

SI ELECTRONICS
Development, design, manufacture, and sale ofimage display-related devices for amusement
machines

Original Contents19© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Business Unite⑤ Information ＢＵ

Information Equipment BU■Strengths

KAGA HIGHTECH
Sale of PCs, peripherals, and camera
equipment, General agent in Japan for
Kodak products●Extensive Distribution Channels≫Volume Retailer & Photo Print Shop Channel

KAGA SOLNET≫

IT network installation service≫

Contents sales & distribution

Provider of comprehensive software andhardware solutions, primarily in the area ofnetwork construction■

KAGA EDUCATIONAL
MARKETING
Implementation of computer
systems in the education market
and for faculty and students, andsale and support of devices andsoftware

KAGA TECHNO SERVICEElectrical and communication
facilities installation, interior work,and maintenance services, etc

20© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Business Unite⑥ Promotion ＢＵ

Pursuing
in bothPromotionchallenges
BU
electronics and non-electronics
related business fields.
Kaga Create≫■ work,Handling advertising, events, design
planning and production.

KAGA CREATE
Development and production of consumer
games.Planning and production of salesupport tools and novelty goods

KAGA SPORTS
Sale of sports equipment,primarily golf
equipment.Operation of golf shops and golf
driving ranges

CYBER FRONT
Planning, development, production andsales of game software and application
softwareKaga Sports≫Distribution of golf related products anddevelopment of training facilities

21© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■Expansion of sales to Chinese local manufacturers①“NUMATA HK”(agent for NEC Electronics) joined KAGA Group● April 2010: NEC Electronics and Renesas Technology merged.
The number of distributors decreased due to reorganization
among manufacturers.
NUMATA headquartered in Osaka lost distributorship dueto the merger.
● October 2010: KAGA DEVICE (distributor of Renesas technology)
acquire NUMATA HK (distributor of NEC Electronics) fromNUMATA Co., Ltd. (Osaka)
NUMATA HK has been in the business with Chinese local
market for more than 20 years and has strong sales
channels in telecommunication manufacturers.
22© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■ Expansion of sales to Chinese local manufacturers ②KAGA DEVICE Co.,Ltd.
●Wide range of customers and networkof suppliers
NUMATA HK

KAGA DEVICES (H.K.)●Used be a distributor of NEC Electronics●Distributor of both old Renesas
Technology and Mitsubishi Electric●Deep penetration in local customers●Deep penetration in local customers●Relation with telecommunications makers＋●Relation with consumer appliance makers

Effect of Ｓｙｎｅｒｇｙ
Aiming at business expansion in the growing market in China
23© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■Procurement of Land for Headquarters Building●Why our own building now ?

New Bldg 19-2 Matsunaga-cho
Kanda, Chiyoda –ku Tokyo

・Study for our own building has beenproceeded aiming at cost reduction in years(reference)→Right timing to make a decision based on thecurrent real estate market situation and theinterest rate. trend●→Best location of people and information
gathering and return to Kaga’s birth place● Expected cost reduction and effect ?
・ Anticipated cost reduction – 4,000 million yen for 15 years
while 100 million yen per year for first four (4) years to be
added to general expenses
・ Retaining valued assets (land, buildings etc.)

Land：1005.13㎡

Building： 10294.96㎡
Procurement cost： 320 million yen24© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

■New Product Launch in Consumer Market
PCs and PC peripherals to volume electronics retail chains and specialty stores↓Value added products with original design

TAXAN BRANDED MOBILE ENTERTAINMENT PLAYERDIGITAL PHOTO FRAME
WITH CONTENTS

SD MEMORY CARDS FORPORTABLE DEVICES■ Smart phones contents（Android terminals, etc.）● PROMISE MAIL：Auto-fill of email contents to scheduler
using word analysis engine≫ Service available through pre-installed smart phone, download inAndroid market

25© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.

KAGA ELECTRONICS CO., LTD.
3-12-8 Sotokanda, Chiyoda-ku, Tokyo 101-8629 Japan
Tel: (03) 4455-3131
Fax: (03) 3815-7133
E-mail：webmaster@taxan.co.jp

http://www.taxan.co.jp
26© 2010 KAGA ELECTRONICS CO.,LTD All Rights Reserved.