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Forecasts

(As of Nov. 06, 2018 )
In the electronics industry, the principal sector of operations of the KAGA ELECTRONICS Group (“the Group”), demand for electronic parts continues to grow, notably with expansion of the market for automotive devices where digital and cyber trends are making headway, as well as increase in the demand for storage in response to the needs of the era of big data against the backdrop of the IoT . On the other hand, the supply side’s efforts to increase production tend to fall behind and, since the latter half of the previous consolidated fiscal year, a tight supply-demand situation has become tangible in certain components and materials.
Given significant uncertainties for the future as described above, the Company refrained from presenting, at the beginning of the fiscal year, the full year performance forecast for the fiscal year ending March 31, 2019. However, at this time, the consolidated performance forecast for the full fiscal year ending March 31, 2019 has been calculated as presented below, based on consolidated financial results for the six month period ended September 31, 2018, as well as the recent market trends. The forecast also incorporates the September 10, 2018 announcement “Notice Regarding Acquisition of Shares in Fujitsu Electronics Inc. (and Making It a Subsidiary)” and its effects on net sales and profits.

Revision of Consolidated Performance Forecast Revised consolidated performance forecast for the full fiscal year ending March 31, 2019

Net Sales
Ordinary Income
Ordinary income
Profit attributable to owners of parent
Earnings per share
Million yen
290,000
Million yen
7,700
Million yen
8,000
Million yen
7,300
yen
266.04
 

【Reference】

(On the Notice Regarding Acquisition of Shares in Fujitsu Electronics Inc. [and Making It a Subsidiary])
Changes are taking place with increasing speed in the business environment surrounding the Group. Further, in the electronics trading industry where there still are many players competing with each other, we expect that competition will become more and more intense. Amidst these circumstances, the Company released the “Notice Regarding Acquisition of Shares in Fujitsu Electronics Inc. (and Making It a Subsidiary)” , as part of its growth strategies for the future.
By making Fujitsu Electronics Inc. a subsidiary, the Company evolves into a corporate group with total net sales of about 500 billion yen and can solidify its management foundation towards the goal of becoming the “industry leader in Japan” as set out in its Medium-term Management Plan. Also, by leveraging this solid management foundation and through continued efforts to expand the group’s scale and improve its management quality, the Company seeks to achieve sustainable growth as a world-class company which can stand up to overseas competitors with their sales crossing the trillion yen mark.
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