Financial

Summary of Consolidated Financial Results: First Half Ended September 30, 2015 (Japan)

Summary

Kaga Electronics Co., Ltd. reported consolidated financial results for the first half of the fiscal year ending March 31, 2016, reflecting a period of moderate growth despite economic uncertainty. The primary objective of this summary is to detail the company’s operational performance, financial position, and revised full-year forecasts. The scope covers the six-month period ending September 30, 2015, focusing on the company’s core segments: electronic components, information equipment, software, and other miscellaneous activities. Key financial findings indicate a positive trend in profitability. Consolidated net sales reached 122,975 million yen, a 2.2% increase compared to the same period in the previous year. Operating income saw a significant rise of 36.8% to 4,195 million yen, while profit attributable to owners of the parent grew by 36.4% to 2,943 million yen. This performance was driven largely by the electronic components segment, which benefited from increased demand in mobile, automotive, and healthcare sectors, as well as a strategic focus on Electronics Manufacturing Services (EMS). Conversely, the information equipment segment faced challenges due to weak demand for PCs and digital cameras, and the "others" segment reported an operating loss of 102 million yen. The company’s financial position remains stable, with total assets of 123,959 million yen and an equity ratio of 49.1%. Management has revised its full-year forecast for the fiscal year ending March 2016, slightly lowering the net sales projection to 252,000 million yen while raising the operating income forecast to 7,200 million yen. This adjustment reflects an anticipated improvement in gross profit margins resulting from a continued emphasis on high-value-added EMS operations. The reporting adheres to Japanese GAAP, incorporating updated accounting standards for business combinations and divestitures.

From the report

November 4, 2015 Summary of Consolidated Financial Results For the First Half Ended September 30, 2015 [Japan GAAP] Name of Company: Stock Code: Stock Exchange Listing: URL: Representative Title: Name: Contact Person Title: Name: Phone: Date of quarterly securities report (tentative): Date of commencement of dividend payment (tentative): Quarterly earnings supplementary explanatory documents: Quarterly earnings presentation: KAGA ELECTRONICS CO., LTD. 8154 Tokyo Stock Exchange, First Section http://www.taxan.co.jp/ President & COO Ryoichi Kado Managing Director, Administration Headquarters Eiji Kawamura +81‑(0)3‑5657‑0111 November 12, 2015 December 4, 2015 Yes Yes (for institutional investors) (Yen in millions, rounded down) 1. Financial results for the first half of the fiscal year ending March 2016 (April 1, 2015 – September 30, 2015) (1) Result of operations (Consolidated, year‑to‑date) (Percentage figures represent year on year changes) Net sales Operating income Ordinary income Profit attributable to owners of parent Million yen % Million yen % Million yen % Million yen % First half ended September 2015 122,975 2.2 4,195 36.8 4,427 21.7 2,943 36.4 First half ended September 2014 120,318 (1.4) 3,067 39.8 3,636 49.2 2,157 59.4 Note: Comprehensive income: First half of FY3/2016: 2,017 million yen (‑34.4%), First half of FY3/2015: 3,073 million yen (46.3%) Net income per share Net income per share fully diluted Yen Yen First half ended September 2015 104.17 ‑ First half ended September 2014 76.34 ‑

3,636 49.2 2,157 59.4 Note: Comprehensive income: First half of FY3/2016: 2,017 million yen (‑34.4%), First half of FY3/2015: 3,073 million yen (46.3%) Net income per share Net income per share fully diluted Yen Yen First half ended September 2015 104.17 ‑ First half ended September 2014 76.34 ‑ (2) Financial Position (Consolidated) Total assets Net assets Equity ratio Million yen Million yen % As of September 30, 2015 123,959 60,924 49.1 As of March 31, 2015 127,948 59,603 46.6 Reference: Shareholders’ equity As of September 30, 2015: 60,882 million yen As of March 31, 2015 59,564 million yen 2. Dividends Dividend per share End of 1Q End of 2Q End of 3Q End of FY Full year Yen Yen Yen Yen Yen Fiscal year ended March 2015 ‑ 15.00 ‑ 25.00 40.00 Fiscal year ending March 2016 ‑ 20.00 Fiscal year ending March 2016 (est.) ‑ 20.00 40.00 Note: Change in the estimation of dividend from the latest announcement: None Year‑end dividend of FY3/15 includes ordinary dividend of 15.00 yen and commemorative dividend of 10 yen

3. Forecast for the fiscal year ending March 2016 (Consolidated, April 1, 2015 to March 31, 2016) (Percentage figures represent year on year changes) Net sales Operating income Ordinary income Profit attributable Net income to owners of parent per share Million yen % Million yen % Million yen % Million yen % Yen Full year 252,000 (1.2) 7,200 13.2 7,700 0.5 5,000 13.2 176.96 Note: Change in the forecast from the latest announcement: Yes * Notes (1) Changes in significant subsidiaries (Changes in specific subsidiaries accompanied by changes in the scope of consolidation): None (2) Use of of accounting methods specifically for the preparation of the quarterly consolidated financial statements: None (3) Changes in accounting principles and estimates, and retrospective restatement (a) Changes due to revision of accounting standards: Yes (b) Changes other than in (a): None (c) Changes in accounting estimates: None (d) Retrospective restatement: None Note: Please refer (3) Changes in accounting principles and estimates, and retrospective restatement in 2. Other Information on page 3 (4) Number of shares outstanding (common stock) (a) Shares outstanding (including treasury shares) As of September 30, 2015: 28,702,118 As of March 31, 2015: 28,702,118 (b) Treasury shares As of September 30, 2015: 446,606 As of March 31, 2015: 446,040 (c) Average number of shares (quarterly consolidated cumulative period) Period ended September 30, 2015: 28,255,854 Period ended September 30, 2014: 28,256,963

30, 2015: 28,702,118 As of March 31, 2015: 28,702,118 (b) Treasury shares As of September 30, 2015: 446,606 As of March 31, 2015: 446,040 (c) Average number of shares (quarterly consolidated cumulative period) Period ended September 30, 2015: 28,255,854 Period ended September 30, 2014: 28,256,963 * Information concerning quarterly review procedure The rule mandating a review of quarterly financial statements (under the Financial Instruments and Exchange Act) does not apply to this Summary of Financial Results. The financial statements for the first quarter were under review at the time this Summary of Financial Results was released.. * Cautionary statement regarding forecasts of operating results and special notes Forward‑looking statements in these materials are based on information available to management at the time this report was prepared and assumptions that management believes are reasonable. Actual results may differ significantly from these statements for a number of reasons. For information about the forecasts, please see “(3) Forecast for fiscal year ending March 2016” on page 3.

Index for Supplementary Information 1. Results of Operations ............................................................................................................................................. 2 (1) Overview on consolidated business performance ........................................................................................ 2 (2) Overview of financial condition................................................................................................................... 2 (3) Forecast ........................................................................................................................................................ 3 2. Other Information................................................................................................................................................... 3 (1) Changes in significant subsidiaries: ............................................................................................................. 3 (2) Use of accounting methods specifically for the preparation of the quarterly consolidated financial statements:.................................................................................................................................................... 3 (3) Changes in accounting principles and estimates, and retrospective restatement:.........................................3 3. Quarterly Consolidated Financial Statements ........................................................................................................

................... 3 (3) Changes in accounting principles and estimates, and retrospective restatement:.........................................3 3. Quarterly Consolidated Financial Statements ........................................................................................................ (1) Quarterly consolidated balance sheet ........................................................................................................... 4 (2) Quarterly consolidated statements of income and consolidated statements of comprehensive income .......6 (3) Quarterly consolidated statements of cash flows ......................................................................................... 8 (4) Notes to quarterly consolidated financial statement ..................................................................................... 9 (Notes to going concern assumptions) .................................................................................................................. (Significant change in shareholders’ equity) ........................................................................................................ (Segment information)..........................................................................................................................................

Pages: 12
Words: 3,994
Format: PDF
Type: Financial

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