September 27, 2005
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Name of company: |
KAGA ELECTRONICS CO., LTD. |
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Stock code: |
8154 |
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Stock exchange listing: |
Tokyo Stock Exchange, First Section |
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Headquarters: |
2-2-9, Hongo, Bunkyo-ku, Tokyo |
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Representative |
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Title: |
Founder & CEO |
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Name: |
Isao Tsukamoto |
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Contact person |
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Title |
Senior Managing Director, Finance & Administration Headquarters |
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Name: |
Waichiro Shimoyama |
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Tel: |
+81-(0)3-4455-3111 |
KAGA ELECTRONICS CO.,LTD.(Founder & CEO: Isao Tsukamoto, Headquarters: Bunkyo-ku,
Tokyo, Capital: 11,933million yen) has established KGF CO.,LTD. in September 16, 2005, and
thereby makes the following announcement.
1. Company profile
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Name of company: |
KGF CO.,LTD. |
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Headquarters: |
2-2-9, Hongo, Bunkyo-ku, Tokyo |
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Date of establishment: |
September 16, 2005 |
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Capital: |
30 million yen |
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Representative |
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Title: |
President |
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Name: |
Shinsuke Takahashi |
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Major stockholders: |
KAGA ELECTRONICS CO., LTD. |
(Ownership: 86.67%) |
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Other stockholders |
(Ownership: 13.33%) |
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Description of business: |
Operates a restaurant, sales of foods, beverages and health supplements |
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Financial outlook: |
Fiscal year ended March 2006: Net sales 93 million yen |
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2. Reason for establishment of subsidiaries
The establishment of specialized subsidiary is aimed to expand into new business field,
utilizing the sales network and know-hows from KAGA ELECTRONICS' long experience. The
Company expects a new growth strategy in inaugurating new business.
3. Financial outlook
KAGA ELECTRONICS calculates in net sales of 100 million yen at the end of the first fiscal
year. And the Company is expecting about 500 million yen in net sales in another three years.