Updated Mar 23, 2026 by Kaga Electronics Co.
Kaga Electronics reported a 10.8% year-on-year decline in net sales to 109,659 million yen for the first half of the fiscal year ending September 30, 2016.
Operating income fell by 23.4% to 3,212 million yen, while ordinary income dropped 31.2% to 3,045 million yen due to soft demand in traditional markets like PCs and smartphones.
Profit attributable to owners of the parent increased by 5.7% to 3,111 million yen, primarily driven by the impact of tax effect accounting.
The electronic components segment, the company's largest business unit, saw sales decline by 13.6%.
The information equipment segment bucked the downward trend with a 2.0% increase in sales and a 135.5% surge in operating income.
The company maintained a stable financial position with an equity ratio of 51.1% and generated 7,723 million yen in net cash from operating activities.
Management is reallocating resources toward high-growth sectors including automotive electronics, IoT, and artificial intelligence while maintaining its original full-year forecasts for the fiscal year ending March 2017.
Kaga Electronics reported a 10.8% year-on-year decline in net sales to 109,659 million yen for the first half of the fiscal year ending September 30, 2016.
Operating income fell by 23.4% to 3,212 million yen, while ordinary income dropped 31.2% to 3,045 million yen due to soft demand in traditional markets like PCs and smartphones.
Profit attributable to owners of the parent increased by 5.7% to 3,111 million yen, primarily driven by the impact of tax effect accounting.
The electronic components segment, the company's largest business unit, saw sales decline by 13.6%.
The information equipment segment bucked the downward trend with a 2.0% increase in sales and a 135.5% surge in operating income.
The company maintained a stable financial position with an equity ratio of 51.1% and generated 7,723 million yen in net cash from operating activities.
Management is reallocating resources toward high-growth sectors including automotive electronics, IoT, and artificial intelligence while maintaining its original full-year forecasts for the fiscal year ending March 2017.