Updated Mar 23, 2026 by Kaga Electronics Co.
Kaga Electronics reported a net loss of 1,373 million yen for the first half of the fiscal year ending March 31, 2013, a sharp reversal from the 301 million yen net income recorded in the same period of 2011.
Consolidated net sales declined 10.7% year-on-year to 103,845 million yen, driven by weak demand for digital consumer electronics like flat-panel televisions.
The company swung to an operating loss of 470 million yen and an ordinary loss of 355 million yen, compared to operating and ordinary incomes of 771 million yen and 895 million yen respectively in the prior year.
All major business segments underperformed: the electronic components segment saw a 46.0% drop in operating income, while the information equipment and software segments both shifted to operating losses.
Financial results were negatively impacted by global economic uncertainty, the European debt crisis, a strong yen, and specific asset impairment charges.
Despite the losses, management maintained its full-year dividend forecast of 30 yen per share, citing expected growth in automotive electronics and electronics manufacturing services (EMS) for the second half of the year.
Kaga Electronics reported a net loss of 1,373 million yen for the first half of the fiscal year ending March 31, 2013, a sharp reversal from the 301 million yen net income recorded in the same period of 2011.
Consolidated net sales declined 10.7% year-on-year to 103,845 million yen, driven by weak demand for digital consumer electronics like flat-panel televisions.
The company swung to an operating loss of 470 million yen and an ordinary loss of 355 million yen, compared to operating and ordinary incomes of 771 million yen and 895 million yen respectively in the prior year.
All major business segments underperformed: the electronic components segment saw a 46.0% drop in operating income, while the information equipment and software segments both shifted to operating losses.
Financial results were negatively impacted by global economic uncertainty, the European debt crisis, a strong yen, and specific asset impairment charges.
Despite the losses, management maintained its full-year dividend forecast of 30 yen per share, citing expected growth in automotive electronics and electronics manufacturing services (EMS) for the second half of the year.