Financial

Summary of Consolidated Financial Results for the First Half Ended September 30, 2018: Japan GAAP

1 November 201811 pages4,572 words

Summary

The consolidated financial results for Kaga Electronics Co., Ltd. for the first half of the fiscal year ending March 31, 2019, reflect a period of moderate contraction in sales and profitability. The primary objective of the report is to disclose the company’s financial performance for the six-month period ending September 30, 2018, while providing updated guidance for the full fiscal year. The results indicate that while the company maintained operational stability, it faced headwinds from production adjustments at major customer sites and the upfront costs associated with expanding overseas production facilities. Financial performance for the first half showed a 1.0% year-on-year decline in consolidated net sales to 115,383 million yen. Profitability metrics experienced more significant pressure, with operating income falling 14.2% to 3,772 million yen and profit attributable to owners of the parent decreasing 21.8% to 2,750 million yen. Segment performance was mixed; the Electronic Components and Information Equipment segments saw declines in both sales and income, whereas the Software and Others segments recorded growth. Despite these declines, the company’s financial position remains solid, with an equity ratio of 55.9% as of September 30, 2018. The scope of this report covers the global operations of the Kaga Electronics Group, with a specific focus on the Japanese market and key international regions including the United States, Europe, and China. The company has adopted a proactive strategy to mitigate supply chain constraints for electronic components by leveraging its capabilities as an independent trading company. Furthermore, the report highlights a strategic shift involving the planned acquisition of Fujitsu Electronics Inc., which is expected to influence future performance. Based on current market trends and the impact of this acquisition, the company has established a full-year forecast of 290,000 million yen in net sales and 7,300 million yen in profit attributable to owners of the parent.

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