Kaga Electronics Co., Ltd. · TSE:8154
Kaga Electronics — Q3 FY2026/3 Earnings Presentation
32 slides from Kaga Electronics's earnings presentation, Feb 12, 2026
Slide 1: FY2026/March Q3 (April-December) Earnings Presentation
FY2026/March Q3 (April-December) Earnings Presentation KAGA ELECTRONICS CO., LTD. TSE Prime Market 8154 February 12, 2026 2023 - 2025 2021 - 2025
Slide 2: INDEX
INDEX FY2026/3 Q3（９months） P- 2～ Summary/Financial Highlights/Results by Segment・Company FY2026/3 Q3（３months） P- 10～ Financial Highlights/Results by Segment・Company Balance Sheet P- 13～ Summary/Balance Sheet Main Items Forecasts for FY2026/3 P- 18～ Forecasts/Forecasts by Segment/Shareholder
Slide 3: Summary of Financial Results for FY2026/3 Q3
Summary of Financial Results for FY2026/3 Q3 (billion yen) Net Sales Operating income Net income Q3 Results 445.4 19.4 24.3 YoY +49.2 （＋12.4%） +1.3 （＋7.7%） +11.5 （＋91.2%） Net sales and income at all levels of profit, through profit attributable to owners of parent, Results for increased year on ye
Slide 4: Financial Highlights for FY2026/3 Q3
Financial Highlights for FY2026/3 Q3 Q3 Results Forecasts （Apr. - Dec.） （Announced on Nov. 6, 2025） Composition Composition Composition （million yen） FY2025/3 FY2026/3 YoY FY2026/3 Progress rate Ratio Ratio Ratio Net Sales 396,243 100.0% 445,475 100.0% 12.4% 595,000 100.0% 74.9% Gross Profit 52,190
Slide 5: Results for FY2026/3 Q3 by Business Segment
Results for FY2026/3 Q3 by Business Segment Q3 Results Forecasts （Apr. - Dec.） （Announced on Nov. 6, 2025） profit profit profit （million yen） FY2025/3 FY2026/3 YoY FY2026/3 Progress rate margin margin margin Electronic Net sales 346,212 383,892 10.9% 516,500 74.3% Component Segment income 13,568 3.9
Slide 6: Results for FY2026/3 Q3 by Company
Results for FY2026/3 Q3 by Company Q3 Results （Apr. - Dec.） Composition Composition （million yen） FY2025/3 FY2026/3 YoY Ratio Ratio Net sales 228,980 100.0% 254,117 100.0% 11.0% Kaga Gross Profit 36,362 15.9% 40,194 15.8% 10.5% Electronics Operating income 15,295 6.7% 16,517 6.5% 8.0% Net sales 145,
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 income （billion yen） （billion yen） Kyoei Sangyo -3.8 Electric Information Software Others (Excluding Kyoei Sangyo) Components Equipment 445.4 Personnel expenses -0.8 +0.4 +4.4 +6.7 Packing and freightage +37.7 Expenses -0.
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 +25.5 445.4 Excel +1.1 +25.1 -2.5 419.9 396.2 Kyoei Kaga Kaga FEI Excel Sangyo Electronics +1.2 +0.4 -0.1 19.3 +0.02 19.4 18.0 Sales Increas
Slide 9: FY2026/3 Q3: Electronic Component Segment
FY2026/3 Q3: Electronic Component Segment Q3 Results Quarterly Net Sales Trends (3months) （Apr. - Dec.） （billion yen） （million yen） FY2025/3 FY2026/3 YoY 131.3 136.1 120.3 126.6 Net Sales 346,212 383,892 +37,679 10.9% 115.2 114.7 111.3 114.5 116.4 Segment income 13,568 13,768 +199 1.5% Profit margin
Slide 10: FY2026/3 Q3: Information Equipment Segment
FY2026/3 Q3: Information Equipment Segment Q3 Results Quarterly Net Sales Trends (3months) （Apr. - Dec.） （billion yen） （million yen） FY2025/3 FY2026/3 YoY 15.6 14.0 Net Sales 26,953 33,652 +6,698 24.9% 12.1 12.0 10.6 9.5 9.4 8.0 8.3 Segment income 1,953 2,499 +546 28.0% Profit margin 7.2% 7.4% +0.2p
Slide 11: Financial Highlights for FY2026/3 Q3 (3 months)
Financial Highlights for FY2026/3 Q3 (3 months) Reference Q3 Results Q2 Results Q3 Results （Oct. - Dec.） （Jul. - Sep.） （Oct. - Dec.） Composition Composition Composition （million yen） FY2025/3 FY2026/3 FY2026/3 YoY QoQ Ratio Ratio Ratio Net Sales 137,178 100.0% 150,872 100.0% 156,516 100.0% 14.1% 3.7
Slide 12: Results for FY2026/3 Q3 by Business Segment (3 months)
Results for FY2026/3 Q3 by Business Segment (3 months) Reference Q3 Results Q2 Results Q3 Results （Oct. - Dec.） （Jul. - Sep.） （Oct. - Dec.） profit profit profit （million yen） FY2025/3 FY2026/3 FY2026/3 YoY QoQ margin margin margin Electronic Net sales 120,345 131,332 136,103 13.1% 3.6% Component Seg
Slide 13: Results for FY2026/3 Q3 by Company (3 months)
Results for FY2026/3 Q3 by Company (3 months) Reference Q3 Results Q2 Results Q3 Results （Oct. - Dec.） （Jul. - Sep.） （Oct. - Dec.） Composition Composition Composition （million yen） FY2025/3 FY2026/3 FY2026/3 YoY QoQ Ratio Ratio Ratio Net sales 80,826 100.0% 82,227 100.0% 89,259 100.0% 10.4% 8.6% Kag
Slide 14: Summary of Balance Sheet
Summary of Balance Sheet Change from Change from (million yen) 2025/3 2025/12 end of (million yen) 2025/3 2025/12 end of FY2025/3 FY2025/3 ASSETS LIABILITIES Current assets 257,164 286,963 +29,798 Current liabilities 117,704 142,428 +24,723 Cash and deposits 80,188 82,068 +1,879 Notes and accounts p
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 ■ Current assets （million yen） （million yen） Non-current assets Total net assets (＋) 19,579 million yen increase in merchandise and finished goods Current ratio Debt rat
Slide 16: Balance Sheet Main Items
Balance Sheet Main Items Inventories Accounts receivable/Accounts payable Inventories Inventories（manufacturing biz) ■ Consolidated （million yen） Notes and A/R （million yen） ・ vs end of FY2025/3： 150 000 149 700 149 400 149 100 Inventories（trading biz） 148 800 148 500 148 200 147 900 147 600 147 300
Slide 17: Balance Sheet Main Items
Balance Sheet Main Items Cash and Deposits/Interest Bearing Debt Main balance sheet changes Cash and deposits ■ Interest bearing debts （million yen） 160,000 Interest bearing debts (＋) 14,692 million yen increase in D/E ratio short-term loans payable Net D/E ratio (＋) 1,387 million yen increase in 15
Slide 18: Forecasts for FY2026/3
Forecasts for FY2026/3
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 Nov. 6, 2025） （Announced on Feb. 12, 2026） Net Sales 547,779 100.0% 595,000 620,000 100.0% 4.2% 13.2% Operating income 23,6
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 Nov. 6, 2025） （Announced on Feb. 12, 2026） Electronic Net sales 472,910 516,500 541,500 4.8% 14.5% Component Se
Slide 21: Shareholder Returns
Shareholder Returns Policy on Shareholder Medium- to long-term dividend growth guideline: increased the consolidated dividend payout ratio to 30% - 40% Returns in the New (from 25% - 35% in the past) Medium-Term Guideline for stable dividends: introduced “DOE (consolidated dividend on equity rat
Slide 22: Changes in Forecast and Financial Indicators for FY2026/3
Changes in Forecast and Financial Indicators for FY2026/3 Third upward revision this fiscal year, reflecting above-expectation performance through Q3 together with recent unanticipated spot demand Net Sales Operating income Profit attributable to owners of parent (million yen) (million yen) (million
Slide 23: Quarterly Net Sales Trends by Business Segment
Quarterly Net Sales Trends by Business Segment Reference （million yen） 156,516 151,536 150,872 7,485 137,178 7,822 138,086 8,997 846 130,426 1,316 1,087 12,080 128,638 7,913 15,699 8,921 9,454 6,079 7,013 599 591 631 840 8,320 12,116 10,606 8,026 131,332 136,103 126,697 120,345 116,456 111,320 114,5
Slide 24: Quarterly Income Trends by Business Segment
Quarterly Income Trends by Business Segment Reference （million yen） 6,554 6,484 6,564 6,400 5,951 1,002 5,545 760 624 5,550 1,362 68 633 52 207 461 610 795 883 221 561 35 201 821 639 753 1,353 4,888 4,740 4,800 4,331 4,348 4,227 3,358 FY2025/3 1Q FY2025/3 2Q FY2025/3 3Q FY2025/3 4Q ▲ 42 FY2026/3 1Q
Slide 25: Quarterly Net Sales Trends by Region
Quarterly Net Sales Trends by Region Reference （million yen） 151,536 150,872 156,516 137,178 138,086 6,994 128,638 130,426 7,737 7,036 6,581 13,309 6,426 15,567 15,561 7,968 6,705 12,637 13,037 11,815 12,701 41,295 42,393 44,055 40,764 38,226 38,442 38,262 89,194 80,795 85,881 89,898 70,412 72,757 7
Slide 26: Segment disclosure in the MTMP
Segment disclosure in the MTMP* Reference MTMP:Medium-Term Management Plan 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 Med
Slide 27: Results for FY2026/3 Q3 by MTMP Segment
Results for FY2026/3 Q3 by MTMP* Segment Reference MTMP:Medium-Term Management Plan Q3 Results （Apr. - Dec.） Profit Profit （million yen） FY2025/3 FY2026/3 YoY margin margin Electronic Net sales 253,988 274,227 8.0% Component Segment income 8,058 3.2% 7,973 2.9% -1.1% Net sales 99,578 118,155 18.7% E
Slide 28: Results for FY2026/3 Q3 by MTMP Segment (3 months)
Results for FY2026/3 Q3 by MTMP* Segment Reference MTMP:Medium-Term Management Plan Q3 Results Q2 Results Q3 Results （Oct. - Dec.） （Jul. - Sep.） （Oct. - Dec.） Profit Profit Profit （million yen） FY2025/3 FY2026/3 FY2026/3 YoY QoQ margin margin margin Electronic Net sales 87,802 94,753 97,626 11.2% 3.
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 608.0 Full-year 542.6 547.7 495.8 32.2 439.32 422.3 25.8 387.30 23.6 325.08 298.7 20.9 288.23 275.0 259.0 18.3 207.53 223.0 13.8 188.8 11.4 11.5 8.3 4.4 FY21/3 FY22/3 FY23/3 FY24/3 FY25/3
Slide 30: Exchange Rate / FOREX Sensitivity
Exchange Rate / FOREX Sensitivity Q3 Results （Reference）Effect of 1% change （Apr. – Dec.） Forex Assumption FY2025/3 FY2026/3 Net sales Operating income for 2026/3 （yen） （million yen） （yen） USD 152.57 148.74 1,830 36 140.00 RMB 20.97 20.51 199 10 20.00 THB 4.34 4.57 245 15 4.50 HKD 19.57 19.07 163 4
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/
Slide 32: Forward-looking statements and display method
■ 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