Earnings Presentation Materials for the Fiscal Year Ending March 2026 (58th Fiscal Year) | KAGA ELECTRONICS CO.,LTD. (8154) timely disclosure

Worth reading

89Important

Scored from 5 of 6 sections

Direction

Mixed performance

Direction inferred from the company’s description.

Scale

1111

Hundreds of millions of yen

Wording

Conditional

How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 2026 (full year)11 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥658,941 million+20.3%

Operating profit¥27,824 million+17.9%

Ordinary income¥29,930 million+32.5%

Net income¥31,099 million+82.0%

Operating profit margin4.2 %

Selling, general and administrative expenses¥57,525 million

Results for the three months of the current quarter

Net Sales

¥213,466 million+40.9%

Operating profit

¥8,374 million+51.0%

Ordinary income

¥9,164 million+117.5%

Net income

¥6,790 million+55.5%

Full-year earnings forecast

Fiscal year ending March 2027

Net Sales

¥645,000 million

Operating profit

¥28,500 million

Ordinary income

¥28,000 million

Net income

¥20,000 million

EPS

¥419.65

ROE

10.5 %

Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。

Consolidated revenue106.3

Operating profit103.1

Ordinary income106.9

Net income109.1

Electronic Components revenue105

Electronic Components segment profit96.5

Information Equipment revenue120.4

Information Equipment segment profit127

Software revenue94.5

Software segment profit73.2

Other net sales108.7

Other segment profit116.3

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

A strong start to the first year of the medium-term management plan

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Net Sales

Spot sales411

協栄産業404

Electronic Components (excluding spot sales)548

Information Equipment115

Software-0.8

Other38

Foreign Exchange Effects-12

Operating profit

Gross profit137

Sales volume92

Sales mix (improvement in gross margin)23

Spot22

Personnel Expenses-52

Packing and freight costs-10

Promotional expenses, etc.-13

Selling, general and administrative expenses-95

協栄産業-56

Foreign Exchange Effects0.3

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Exchange rate

¥150 /US$

New initiatives

Raise the consolidated payout ratio policy to 30–40%
Introduce a 4% DOE policy
Acquire ¥14.4 billion of treasury shares and cancel 4.92 million shares in connection with the reduction of cross-held shares

Key KPIsA metric the company considers important as a management benchmark.

EPS¥627.71
Year on year against the same period last year+93.1%
ROE17.8 %
Year on year against the same period last year+7.0%
D/E ratio0.46 times
Net debt-to-equity ratio-0.03 times
Equity ratio45.5 %
Year on year against the same period last year-8.9%
Inventory turnover days (company-wide)76.1 days
Accounts receivable turnover days96 days

Segment results

Electronic components

Net Sales

¥568,834 million

Profit

¥19,304 million

Year on year against the same period last year

Net Sales20.3

Profit14

Information Equipment

Net Sales

¥54,182 million

Profit

¥4,444 million

Year on year against the same period last year

Net Sales27

Profit34.4

Software

Net Sales

¥3,307 million

Profit

¥365 million

Year on year against the same period last year

Net Sales-2.4

Profit-28.2

Other

Net Sales

¥32,617 million

Profit

¥3,487 million

Year on year against the same period last year

Net Sales13.1

Profit28.8

Financial targets

ROE

Actual results17.8 %

Forecast10.5 %

Debt-to-equity ratio

Actual results0.46 times

Equity ratio

Actual results45.5 %

Annual Dividend

Fiscal year ending March 2026

Annual¥140

Interim¥60

End of period¥80

Forecast for the fiscal year ending March 2027

Annual¥140

Interim¥70

End of period¥70

Payout ratio

Fiscal year ending March 202622.3 %

Forecast for the fiscal year ending March 202733.4 %

Shareholder return policyConsolidated payout ratio of 30–40%; DOE of 4%

Acquisition of treasury shares

144

Amount unitHundreds of millions of yen

Number of Shares492

Share unit10,000 shares

Acquisition date2025/8/8

Cancellation date2025/8/18

Gross profit

13 %

Year-on-year change (points)-0.1

Contents of this document
Item	Details
Document type	Presentation materials for financial results
Fiscal Period Covered	Fiscal year ending March 2026 (full year)
Net Sales	¥658,941 million (YoY +20.3%)
Operating profit	¥27,824 million (YoY +17.9%)
Ordinary income	¥29,930 million (YoY +32.5%)
Net income	¥31,099 million (YoY +82.0%)
Gross profit	13 %
Operating profit margin	4.2 %
Selling, general and administrative expenses	¥57,525 million
Results for the three months of the current quarter	Net Sales ¥213,466 million (YoY +40.9%) / Operating profit ¥8,374 million (YoY +51.0%) / Ordinary income ¥9,164 million (YoY +117.5%) / Net income ¥6,790 million (YoY +55.5%)
Full-year earnings forecast	Fiscal year ending March 2027 Net Sales ¥645,000 million / Operating profit ¥28,500 million / Ordinary income ¥28,000 million / Net income ¥20,000 million / EPS ¥419.65 / ROE 10.5 %
Progress against full-year forecast	Consolidated revenue 106.3 / Operating profit 103.1 / Ordinary income 106.9 / Net income 109.1 / Electronic Components revenue 105 / Electronic Components segment profit 96.5 / Information Equipment revenue 120.4 / Information Equipment segment profit 127 / Software revenue 94.5 / Software segment profit 73.2 / Other net sales 108.7 / Other segment profit 116.3
Self-assessment against the plan	A strong start to the first year of the medium-term management plan
Segment results	Electronic components Net Sales ¥568,834 million / Profit ¥19,304 million / Year on year against the same period last year Net Sales 20.3 / Profit 14 / Information Equipment Net Sales ¥54,182 million / Profit ¥4,444 million / Year on year against the same period last year Net Sales 27 / Profit 34.4 / Software Net Sales ¥3,307 million / Profit ¥365 million / Year on year against the same period last year Net Sales -2.4 / Profit -28.2 / Other Net Sales ¥32,617 million / Profit ¥3,487 million / Year on year against the same period last year Net Sales 13.1 / Profit 28.8
Breakdown of Factors Affecting the Change	Net Sales Spot sales 411 / 協栄産業 404 / Electronic Components (excluding spot sales) 548 / Information Equipment 115 / Software -0.8 / Other 38 / Foreign Exchange Effects -12 / Operating profit Gross profit 137 / Sales volume 92 / Sales mix (improvement in gross margin) 23 / Spot 22 / Personnel Expenses -52 / Packing and freight costs -10 / Promotional expenses, etc. -13 / Selling, general and administrative expenses -95 / 協栄産業 -56 / Foreign Exchange Effects 0.3
Key KPIs	Indicator name EPS / Value ¥627.71 / Year on year against the same period last year ¥93.1, Indicator name ROE / Value 17.8 % / Year on year against the same period last year 7 %, Indicator name D/E ratio / Value 0.46 times / Year on year against the same period last year Not disclosed, Indicator name Net debt-to-equity ratio / Value -0.03 times / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 45.5 % / Year on year against the same period last year -8.9 %, Indicator name Inventory turnover days (company-wide) / Value 76.1 days / Year on year against the same period last year Not disclosed, Indicator name Accounts receivable turnover days / Value 96 days / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business Outlook	Exchange rate ¥150 /US$
Financial targets	ROE Actual results 17.8 % / Forecast 10.5 % / Debt-to-equity ratio Actual results 0.46 times / Equity ratio Actual results 45.5 %
Annual Dividend	Fiscal year ending March 2026 Annual ¥140 / Interim ¥60 / End of period ¥80 / Forecast for the fiscal year ending March 2027 Annual ¥140 / Interim ¥70 / End of period ¥70
Payout ratio	Fiscal year ending March 2026 22.3 % / Forecast for the fiscal year ending March 2027 33.4 % / Shareholder return policy Consolidated payout ratio of 30–40%; DOE of 4%
Acquisition of treasury shares	Amount 144 / Amount unit Hundreds of millions of yen / Number of Shares 492 / Share unit 10,000 shares / Acquisition date 2025/8/8 / Cancellation date 2025/8/18
New initiatives	Raise the consolidated payout ratio policy to 30–40%, Introduce a 4% DOE policy, Acquire ¥14.4 billion of treasury shares and cancel 4.92 million shares in connection with the reduction of cross-held shares

Items this document does not state (9)

Unit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

For the fiscal year ended March 2026, strong performance in the Electronic Components, Information Equipment and Other businesses, the contribution from 協栄産業, which became a consolidated subsidiary in July 2025, and approximately ¥41.1 billion in semiconductor spot sales in Q4 contributed to the increase in revenue. Operating income increased as the rise in gross profit from higher revenue exceeded the increase in selling, general and administrative expenses. Net income was boosted by extraordinary gains, including an approximately ¥7.7 billion gain on the recognition of negative goodwill and an approximately ¥1.6 billion gain on the sale of investment securities. For the fiscal year ending March 2027, revenue and net income are expected to decline as these one-off factors fall away.

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