Kaga Electronics : Date File FY2023/3

Data File

FY2019/3 ～ FY2023/3

*This Excel file is posted on the Company's IR website. https://www.taxan.co.jp/en/ir/ir_library/library_08.html

Financial Highlights (Full Year)

					（Million yen）
	FY2019/3	FY2020/3	FY2021/3	FY2022/3	FY2023/3
	Results	Results	Results	Results	Results
Net sales	292,779	443,615	422,365	495,827	608,064
Gross profit	35,546	47,016	47,936	60,547	78,514
(Margin)	12.1%	10.6%	11.3%	12.2%	12.9%
SG&A	27,976	37,001	36,469	39,632	46,265
(SG&A ratio)	9.6%	8.3%	8.6%	8.0%	7.6%
Operating income	7,570	10,014	11,467	20,915	32,249
(Margin)	2.6%	2.3%	2.7%	4.2%	5.3%
Non-operating income/loss (net)	289	122	(225)	540	490
Ordinary income	7,859	10,137	11,241	21,456	32,739
Extraordinary income/loss(net)	1,789	(850)	3,230	(108)	(279)
Profit attributable to owners of parent	8,014	5,852	11,399	15,401	23,070
EPS（Yen）	292.07	213.21	415.07	576.46	878.65
Annual dividend（Yen）	80.00	70.00	80.00	120.00	220.00
Payout ratio（％）	27.4	32.8	19.3	20.8	25.0
Total assets	213,761	207,638	237,004	272,139	286,217
Capital stock	12,133	12,133	12,133	12,133	12,133
Shareholders' equity	75,272	79,097	89,045	98,732	117,285
Net assets	84,259	86,250	95,062	105,800	129,737
Equity ratio	35.8%	37.7%	38.4%	38.8%	45.3%
Cash and deposits	32,851	28,736	38,261	51,171	41,938
ROE	10.9%	7.6%	13.5%	15.7%	19.6%

2

Financial Highlights（1H 6months）

					（Million Yen）
	FY2019/3	FY2020/3	FY2021/3	FY2022/3	FY2023/3
	1H Results	1H Results	1H Results	1H Results	1H Results
Net sales	115,383	230,630	188,859	223,009	298,760
Gross profit	16,023	23,771	21,641	27,133	40,001
(Margin)	13.9%	10.3%	11.5%	12.2%	13.4%
SG&A	12,251	18,531	17,206	18,832	21,639
(SG&A ratio)	10.6%	8.0%	9.1%	8.4%	7.2%
Operating income	3,772	5,239	4,434	8,300	18,361
(Margin)	3.3%	2.3%	2.3%	3.7%	6.1%
Non-operating income/loss (net)	277	306	(96)	151	570
Ordinary income	4,049	5,546	4,338	8,452	18,932
Extraordinary income/loss(net)	92	(243)	7,787	(223)	19
Profit attributable to owners of parent	2,750	3,502	10,772	5,624	13,412
EPS（Yen）	100.25	127.62	392.30	207.39	510.88
Inferium dividend（Yen）	35.00	30.00	30.00	45.00	100.00
Payout ratio（％）	-	-	-	-	-
Total assets	130,811	214,475	209,908	233,461	290,923
Capital stock	12,133	12,133	12,133	12,133	12,133
Net assets	73,247	85,466	96,163	96,618	124,928
Equity ratio	55.9%	36.2%	42.1%	39.6%	42.9%
Cash and deposits	9,573	34,570	39,179	44,223	52,504
ROE	-	-	-	-	-

3

Balance Sheet

					（Million Yen)
	2019/3	2020/3	2021/3	2022/3	2023/3
ASSETS
Current assets	182,396	174,331	200,179	233,984	245,572
Cash and deposits	35,003	43,384	45,636	41,051	52,600
Notes and accounts receivable -trade	101,507	91,371	108,394	120,948	129,099
Inventories	40,026	31,908	37,948	62,607	56,205
Other	5,859	7,667	8,199	9,377	7,666
Non-current assets	31,364	33,306	36,825	38,155	40,645
Property, plant and equipment	15,011	17,974	18,225	19,393	20,158
Intangible assets	2,206	2,256	2,609	3,163	2,702
Investments and other assets	14,147	13,075	15,990	15,598	17,784
Total assets	213,761	207,638	237,004	272,139	286,217
LIABILITIES
Current liabilities	121,340	93,655	108,517	132,918	127,547
Notes and accounts payable -trade	77,884	70,188	79,854	86,493	79,232
Short-term loans payable	30,656	6,540	10,800	23,858	19,585
Other	12,799	16,927	17,862	22,565	28,729
Non-current liabilities	8,161	27,732	33,424	33,421	28,932
Long-term loans payable	1,882	20,833	25,166	25,136	10,600
Bonds payable	-	-	-	-	10,000
Other	6,278	6,899	8,258	8,284	8,332
Total liabilities	129,501	121,388	141,942	166,339	156,479
NET ASSETS
Shareholders' equity	75,272	79,097	89,045	98,732	117,285
Capital stock	12,133	12,133	12,133	12,133	12,133
Capital surplus	13,865	13,878	14,327	14,818	14,820
Retained earnings	51,297	55,091	64,568	77,423	95,945
Treasury shares	(2,024)	(2,005)	(1,984)	(5,643)	(5,614)
Total accumulated other comprehensive income	1,332	(812)	1,921	6,948	12,322
Non-controlling interests	7,654	7,965	4,095	120	129
Total net assets	84,259	86,250	95,062	105,800	129,737
Total liabilities and net assets	213,761	207,638	237,004	272,139	286,217	4

Financial Highlights by Business Segment (Full Year/1H)

											（Million Yen）
		FY2019/3	FY2020/3	FY2021/3	FY2022/3	FY2023/3
		Results	Composition	Results	Composition	Results	Composition	Results	Composition	Results	Composition
Electronic	Net sales	225,598	77.1%	377,587	85.1%	353,454	83.7%	433,852	87.5%	539,342	88.7%
Segment income	4,761	62.9%	7,503	75.0%	8,151	71.1%	18,107	86.6%	28,314	87.8%
components
Margin	2.1%		2.0%		2.3%		4.2%		5.2%
Information	Net sales	44,344	15.1%	43,466	9.8%	48,389	11.4%	39,616	8.0%	43,680	7.2%
Segment income	1,906	25.2%	1,707	17.1%	2,482	21.6%	2,085	10.0%	2,449	7.6%
equipment
Margin	4.3%		3.9%		5.1%		5.3%		5.6%
Software	Net sales	2,876	1.0%	2,778	0.6%	2,932	0.7%	2,767	0.6%	2,998	0.5%
Segment income	247	3.3%	236	2.4%	263	2.3%	(26)	-	286	0.9%
	Margin	8.6%		8.5%		9.0%		(0.1%)		9.6%
Others	Net sales	19,959	6.8%	19,781	4.5%	17,589	4.2%	19.590	3.9%	22,044	3.6%
Segment income	490	6.5%	452	4.5%	474	4.1%	626	3.0%	1,101	3.4%
	Margin	2.5%		2.3%		2.7%		3.2%		5.0%
Total	Net sales	292,779	100.0%	443,615	100.0%	422,365	100.0%	495,827	100.00%	608,064	100.0%
Operating income	7,570	100.0%	10,014	100.0%	11,467	100.0%	20,915	100.00%	32,249	100.0%
	Margin	2.6%		2.3%		2.7%		4.2%		5.3%
		FY2019/3	FY2020/3	FY2021/3	FY2022/3	FY2023/3
		1H Results	Composition	1H Results	Composition	1H Results	Composition	1H Results	Composition	1H Results	Composition
Electronic	Net sales	83,455	72.3%	199,818	86.6%	156,887	83.0%	194,406	87.2%	268,464	89.9%
Segment income	2,474	65.6%	4,238	80.9%	3,083	69.5%	7,123	85.8%	16,617	90.5%
components
Margin	3.0%		2.1%		2.0%		3.7%		6.2%
Information	Net sales	21,143	18.3%	19,968	8.7%	23,192	12.3%	18,713	8.4%	19,597	6.6%
Segment income	864	22.9%	618	11.8%	1,160	26.2%	910	11.0%	965	5.3%
equipment
Margin	4.1%		3.1%		5.0%		4.9%		4.9%
Software	Net sales	1,404	1.2%	1,332	0.6%	1,274	0.7%	1,237	0.5%	1,307	0.4%
Segment income	143	3.8%	46	0.9%	86	1.9%	(109)	-	95	0.5%
	Margin	10.2%		3.5%		6.8%		(8.8%)		7.3%
Others	Net sales	9,379	8.1%	9,510	4.1%	7,505	4.0%	8,651	3.9%	9,392	3.1%
Segment income	216	5.7%	259	4.9%	36	0.8%	320	3.9%	658	3.6%
	Margin	2.3%		2.7%		0.5%		3.7%		7.0%
Total	Net sales	115,383	100.0%	230,630	100.0%	188,859	100.0%	223,009	100.0%	298,760	100.0%
Operating income	3,772	100.0%	5,239	100.0%	4,434	100.0%	8,300	100.0%	18,361	100.0%
	Margin	3.3%		2.3%		2.3%		3.7%		6.1%
【Electronic components】	Development, manufacture and sale of semiconductors, general electronic components and other products, the electronics manufacturing
		service (EMS), and other activities
【Information equipment】	Sales of PCs, PC peripherals, home electric appliances, photograph and imaging products, original brand products, and other products
【Software】		Production of computer graphics, planning and development of amusement products, and other activities
【Others】		Repair and supports for electronics equipment, manufacture and sales of amusement equipment, and sales of sports goods, and other activities
Note: "Segment income" shows unadjusted figures for each business segment and adjusted figures for the total.				5