November 10, 2005

Name of company:	KAGA ELECTRONICS CO., LTD
Stock code:	8154
Stock exchange listing:	Tokyo, Stock Exchange, First Section
Headquarters:	2-2-9, Hongo, Bunkyo-ku, Tokyo
Representative
Title:	Founder & CEO
Name:	Isao Tsukamoto
Contact person
Title:	Senior Managing Director, Finance & Administration Headquarters
Name:	Waichiro Shimoyama
Tel:	+81-(0)3-4455-3111

 

 

Notice of Acquisition of Stock in Kashimura Company Limited

 

KAGA ELECTRONICS CO., LTD. (Founder & CEO: Isao Tsukamoto, Headquarters:

Bunkyo-ku, Tokyo, Capital: 11,933 million yen) hereby announces its acquisition of ownership of

70% of Kashimura Company Limited, as earlier agreed upon between the two corporations. The

Company has proceeded with acquiring stock in Kashimura, with a view to attaining that ratio,

under its basic agreement with Kashimura, announced on July 28, 2005, to build a business alliance

by participating in the capital structure of Kashimura.

 

 

Current Information on Stock Acquisition, Cost of Acquisition & Ownership (as of November 10, 2005)

(1) Number of outstanding shares issued by Kashimura: 19,630,000 shares

(2) Number of shares acquired and currently held by KAGA ELECTRONICS: 16,247,500 shares

(3) Ownership ratio: 82.77%

(4) Total cost of acquisition: 775 million yen