Kaga Electronics Co., Ltd. · TSE:8154

Kaga Electronics — H1 FY2026/3 Earnings Presentation

32 slides from Kaga Electronics's earnings presentation, Nov 6, 2025

  1. Slide 1: FY2026/March H1 Earnings Presentation

    FY2026/March H1 (April-September) Earnings Presentation KAGA ELECTRONICS CO., LTD. TSE Prime Market 8154 November 6, 2025 2023 - 2025 2021 - 2025

  2. Slide 2: INDEX

    INDEX  FY2026/3 H1 P- 2～ Summary/Financial Highlights/Results by Segment・Company  FY2026/3 Q2 (3 months) P- 10～ Financial Highlights/Results by Segment・Company  Balance Sheet/ Cash flows P- 13～ Summary/Balance Sheet Main Items/Cash flows  Forecasts for FY2026/3 P- 18～ Forecasts/Forecasts by Segm

  3. Slide 3: Summary of Financial Results for FY2026/3 H1

    Summary of Financial Results for FY2026/3 H1 (billion yen) Net Sales Operating income Net income H1 Results 288.9 13.0 15.0 YoY +29.9 +1.5 +7.0  All items, from net sales to net income, increased year on year. The upward momentum continues. Results for  Net sales : Electronic components (EMS busin

  4. Slide 4: Financial Highlights for FY2026/3 H1

    Financial Highlights for FY2026/3 H1 H1 Results Forecasts （April - September） （Announced on August 7, 2025） Composition Composition Composition （million yen） FY2025/3 FY2026/3 YoY FY2026/3 Progress rate Ratio Ratio Ratio Net Sales 259,064 100.0% 288,959 100.0% 11.5% 574,000 100.0% 50.3% Gross Profit

  5. Slide 5: Results for FY2026/3 H1 by Business Segment

    Results for FY2026/3 H1 by Business Segment H1 Results Forecasts （April - September） （Announced on August 7, 2025） profit profit profit （million yen） FY2025/3 FY2026/3 YoY FY2026/3 Progress rate margin margin margin Electronic Net sales 225,866 247,788 9.7% 501,000 49.5% Component Segment income 8,6

  6. Slide 6: Results for FY2026/3 H1 by Company

    Results for FY2026/3 H1 by Company H1 Results （April - September） Composition Composition （million yen） FY2025/3 FY2026/3 YoY Ratio Ratio Net sales 148,154 100.0% 164,858 100.0% 11.3% Kaga Gross Profit 23,685 16.0% 26,947 16.3% 13.8% Electronics Operating income 9,689 6.5% 11,121 6.7% 14.8% Net sale

  7. Slide 7: Analysis of Net Sales/Operating Income Changes by Item

    Analysis of Net Sales/Operating Income Changes by Item Net 売上高sales Operating 営業利益 income （billion yen） （billion yen） Gross Profit +5.4 Personnel expenses Electric Information -1.7 Software Others +1.4 -0.2 Components Equipment 288.9 -3.6 Packing and freightage +4.8 expenses +2.9 +0.2 +3.9 Litigatio

  8. Slide 8: Analysis of Net Sales/Operating Income Changes by Company

    Analysis of Net Sales/Operating Income Changes by Company Net 売上高sales Operating 営業利益 income （billion yen） （billion yen） Kyoei Sangyo Kaga Electronics Kaga FEI Excel +13.1 288.9 +16.7 +1.1 -1.0 275.8 Kaga Kaga FEI Excel Kyoei Electronics Sangyo 259.0 +0.2 +1.4 +0.03 -0.04 12.8 13.0 11.5 Sales Increa

  9. Slide 9: FY2026/3 H1: Electronic Component Segment

    FY2026/3 H1: Electronic Component Segment H1 Results Quarterly Net Sales Trends (3months) （April - September） 150,000 （million yen） FY2025/3 FY2026/3 YoY 125,000 Net Sales 225,866 247,788 21,922 9.7% 100,000 Segment income 8,679 8,967 288 3.3% 75,000 50,000 Profit margin 3.8% 3.6% -0.2pt FY24/3 FY25

  10. Slide 10: FY2026/3 H1: Information Equipment Segment

    FY2026/3 H1: Information Equipment Segment H1 Results Quarterly Net Sales Trends (3months) （April - September） 20,000 （million yen） FY2025/3 FY2026/3 YoY 15,000 Net Sales 18,633 21,571 2,938 15.8% 10,000 Segment income 1,392 1,616 224 16.1% 5,000 0 Profit margin 7.5% 7.5% +0.0pt FY24/3 FY25/3 FY26/3

  11. Slide 11: Financial Highlights for FY2026/3 Q2 (3 months)

    Financial Highlights for FY2026/3 Q2 (3 months) Reference Q2 Results Q1 Results Q2 Results （July - September） （April - June） （July - September） Composition Composition Composition （million yen） FY2025/3 FY2026/3 FY2026/3 YoY QoQ Ratio Ratio Ratio Net Sales 130,426 100.0% 138,086 100.0% 150,872 100.0

  12. Slide 12: Results for FY2026/3 Q2 by Business Segment

    Results for FY2026/3 Q2 by Business Segment Reference Q2 Results Q1 Results Q2 Results （July - September） （April - June） （July - September） profit profit profit （million yen） FY2025/3 FY2026/3 FY2026/3 YoY QoQ margin margin margin Electronic Net sales 114,545 116,456 131,332 14.7% 12.8% Component Se

  13. Slide 13: Results for FY2026/3 Q2 by Company

    Results for FY2026/3 Q2 by Company Reference Q2 Results Q1 Results Q2 Results （July - September） （April - June） （July - September） Composition Composition Composition （million yen） FY2025/3 FY2026/3 FY2026/3 YoY QoQ Ratio Ratio Ratio Net sales 74,532 100.0% 82,631 100.0% 82,227 100.0% 10.3% -0.5% Ka

  14. Slide 14: Summary of Balance Sheet

    Summary of Balance Sheet Change from Change from (million yen) 2025/3 2025/9 end of (million yen) 2025/3 2025/9 end of FY2025/3 FY2025/3 ASSETS LIABILITIES Current assets 257,164 269,939 +12,775 Current liabilities 117,704 127,457 +9,752 Cash and deposits 80,188 73,217 -6,971 Notes and accounts paya

  15. Slide 15: Balance Sheet Main Items

    Balance Sheet Main Items Total assets Total liabilities and net assets Main balance sheet changes Current assets Total liabilities Non-current assets （million yen） Total net assets （million yen） ■Current assets Current ratio Debt ratio (+) 13,392 million yen increase in merchandise and finished good

  16. Slide 16: Balance Sheet Main Items

    Balance Sheet Main Items Inventories Accounts receivable/Accounts payable Inventories Inventories（manufacturing biz) Notes and A/R （million yen） （million yen） ■ consolidated 150 000 149 700 149 400 149 100 Inventories（trading biz） 148 800 148 500 148 200 147 900 147 600 147 300 Notes and A/P 147 000

  17. Slide 17: Balance Sheet Main Items/Cash flows

    Balance Sheet Main Items/Cash flows Cash and Deposits/Interest Bearing Debt Cash flows Cash flows Cash and deposits Cash flows from financing activities （million yen） 160,000 Interest bearing debts （million yen） Cash flows from investing activities ■ Operating activities D/E ratio Net D/E ratio Cash

  18. Slide 18: Forecasts for FY2026/3

    Forecasts for FY2026/3

  19. Slide 19: Forecasts for FY2026/3

    Forecasts for FY2026/3 FY2025/3 FY2026/3 Composition Previous Revised Composition vs. previous (million yen) Results Forecasts Forecasts YoY Ratio Ratio forecasts （Announced on August 7, 2025） (Announced on November 6, 2025) Net Sales 547,779 100.0% 574,000 595,000 100.0% 3.7% 8.6% Operating income

  20. Slide 20: Forecasts for FY2026/3 by Business Segment

    Forecasts for FY2026/3 by Business Segment FY2025/3 FY2026/3 Profit Previous Revised Profit vs. previous (million yen) Results Forecasts Forecasts YoY margin margin forecasts （Announced on August 7, 2025） (Announced on November 6, 2025) Electronic Net sales 472,910 501,000 516,500 3.1% 9.2% Componen

  21. Slide 21: Shareholder Returns

    Shareholder Returns  Medium- to long-term dividend growth guideline: increased the consolidated dividend payout ratio Policy on Shareholder to 30% - 40% (from 25% - 35% in the past) Returns in the New Medium-Term  Guideline for stable dividends: introduced “DOE (consolidated dividend on equity rat

  22. Slide 22: Changes in Forecast and Financial Indicators for FY2026/3

    Changes in Forecast and Financial Indicators for FY2026/3 In light of solid performance progress made through H1, the full-year earnings forecast has been revised upward for the second time in the current fiscal year. Net Sales (million yen) Operating income (million yen) Profit attributable to (mil

  23. Slide 23: Quarterly Net Sales Trends by Business Segment

    Quarterly Net Sales Trends by Business Segment Reference （million yen） 151,536 150,872 7,822 8,997 137,178 1,316 138,086 1,087 128,638 130,426 7,913 15,699 8,921 9,454 6,079 7,013 599 591 631 840 8,320 12,116 10,606 8,026 126,697 131,332 120,345 116,456 111,320 114,545 FY2025/3 FY2025/3 FY2025/3 FY2

  24. Slide 24: Quarterly Income Trends by Business Segment

    Quarterly Income Trends by Business Segment Reference （million yen） 6,554 6,484 6,564 5,951 5,545 760 5,550 1,002 1,362 633 207 461 52 610 221 795 35 561 201 753 821 639 1,353 4,888 4,740 4,331 4,348 4,227 3,358 FY2025/3 1Q FY2025/3 2Q FY2025/3 3Q FY2025/3 4Q -42 FY2026/3 1Q FY2026/3 2Q Composition

  25. Slide 25: Quarterly Net Sales Trends by Region

    Quarterly Net Sales Trends by Region Reference （million yen） 151,536 150,872 137,178 7,737 138,086 7,036 128,638 130,426 6,581 6,426 13,309 15,561 7,968 6,705 12,637 13,037 11,815 12,701 41,295 42,393 40,764 38,226 38,442 38,262 89,194 80,795 85,881 70,412 72,757 76,794 FY2025/3 FY2025/3 FY2025/3 FY

  26. Slide 26: Segment disclosure in the Medium-Term Management Plan

    Segment disclosure in the Medium-Term Management Plan Reference Continuous disclosure based on current segmentation according to legal financial accounting, along with voluntary disclosure based on segmentation in line with the Medium-Term Management Plan. Current segments Segments in Medium-Term Ma

  27. Slide 27: Results for FY2026/3 H1 by MTMP Segment

    Results for FY2026/3 H1 by MTMP* Segment Reference MTMP:Medium-Term Management Plan H1 Results （April - September） Profit Profit （million yen） FY2025/3 FY2026/3 YoY margin margin Electronic Net sales 166,185 176,601 6.3% Component Segment income 5,019 3.0% 4,963 2.8% -1.1% Net sales 64,981 76,791 18

  28. Slide 28: Results for FY2026/3 Q2 by MTMP Segment

    Results for FY2026/3 Q2 by MTMP* Segment Reference MTMP:Medium-Term Management Plan Q2 Results Q1 Results Q2 Results （July - September） （April - June） （July - September） Profit Profit Profit （million yen） FY2025/3 FY2026/3 FY2026/3 YoY QoQ margin margin margin Electronic Net sales 85,489 81,847 94,7

  29. Slide 29: Latest 5 years Financial Trends

    Latest 5 years Financial Trends Net Sales （billion yen） Operating Income （billion yen） EPS （yen） 1H 1H Full-year Full-year 608.0 542.6 547.7 495.8 32.2 439.32 422.3 25.8 387.30 23.6 288.23 325.08 298.7 20.9 207.53 275.0 259.0 18.3 223.0 13.8 188.8 11.4 11.5 8.3 4.4 FY21/3 FY22/3 FY23/3 FY24/3 FY25/3

  30. Slide 30: Exchange Rate / FOREX Sensitivity

    Exchange Rate / FOREX Sensitivity H1 Results （Reference）Effect of 1% change （April - September） Forex Assumption FY2025/3 FY2026/3 Net sales Operating income for 2026/3 （yen） （million yen） （yen） USD 152.63 146.04 1,125 23 140.00 RMB 21.05 20.47 141 8 20.00 THB 4.27 4.46 164 10 4.50 HKD 19.55 18.69 1

  31. Slide 31: Everything we do is for our customers

    “Everything we do is for our customers 20 Kandamatsunagacho, Chiyoda-ku, Tokyo 101-8629 Contact: Investor Relations & Public Relations Department TEL:+81-3-5657-0106 FAX:+81-3-3254-7133 E-mail：webmaster@taxan.co.jp https://www.taxan.co.jp/en/

  32. Slide 32: Forward-looking statements

    ■ 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. ■ Display method in th

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