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The Investor Meeting for a The Investor Meeting for a results briefing of FY2005results briefing of FY2005
KAGA GROUP NEW OFFICE (in Ochanomizu, Tokyo)
, its brand name for original I.C. and PC peripheral products, and highly penetrated in many countries all over the world, comes from a Japanese “Takusan” which means “many,” in hoping to distribute lots of quality products to make more people much happier.
KAGA ELECTRONICS CO., LTD.KAGA ELECTRONICS CO., LTD.((Tokyo Stock Exchange, First SectionTokyo Stock Exchange, First SectionStock code: 8154 )Stock code: 8154 )22--22--9, 9, HongoHongo, , BunkyoBunkyo--kuku, Tokyo, Japan , Tokyo, Japan 113113--85038503URLURL::httphttp:://www.//www.taxantaxan.co..co.jpjpTELTEL::0303--44554455--31313131FAXFAX::0303--38153815--67576757May 26, 2005May 26, 2005
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Table of contentsTable of contents
1, 1, KAGA ELECTRONICS group outlineKAGA ELECTRONICS group outline ・・ Company profileCompany profile ・・ Management policiesManagement policies ・・ Sales transitionSales transition ・・ Net sales by products categoryNet sales by products category ・・ World networkWorld network ・・ Main business connectionMain business connection
2, 2, Business outlineBusiness outline ・ ・KAGA ELECTRONICS group identityKAGA ELECTRONICS group identity ・ ・Business strategy by products categoryBusiness strategy by products category ・ ・General electronic components &General electronic components &
semiconductors businesssemiconductors business ・ ・Information equipment businessInformation equipment business ・ ・EDMS businessEDMS business ・ ・Other businessOther business
3, Outlook for KAGA ELECTRONICS group 3, Outlook for KAGA ELECTRONICS group businessbusiness
・ ・ Business modelBusiness model ・・ Entry into sportsEntry into sports--related equipment businessrelated equipment business
4, 4, Financial highlights for FY2005Financial highlights for FY2005
Front entrance of headquarter building Front entrance of headquarter building ( ( OchanomizuOchanomizu, Tokyo), Tokyo)
3
1, 1, KAGA ELECTRONICS group outlineKAGA ELECTRONICS group outline
4
Company profileCompany profile
Established September 12, 1968Capital 11.1 billion yenFounder & CEO Isao TsukamotoNet sales :
FY2005 <actual>Non-consolidated : 186.9 billion yenConsolidated : 250.2 billion yen
FY2006 <Plan>Non-consolidated : 160.0 billion yenConsolidated : 240.0 billion yen
Number of consolidated subsidiaries (As of March 31, 2005) 30 (Domestic : 11 / Overseas : 19)
Number of Group employees (As of March 31, 2005) 3,590 ( Non-consolidated : 540 / Consolidated : 3,050)
Group business outline ・ Sale of general electronic components. ・ Sale of semiconductors (memories, ASIC’s). ・ EMS business (Electronic manufacturing service.
Manufacturing and sale of AC adapter and charger)
・ Sale of computers and computers peripherals. Sale of computers peripherals on a private-label basis. ・ Development and design of dedicated integrated circuit. Planning, development and sale of various types of
Software and information network system.
Sales transition
0
50
100
150
200
250
2001.3 2002.3 2003.3 2004.3 2005.3 2006.3
0
5
10
15
20
Net sales
Ordinary income
(Unit : billion yen)
(Plan)
5
Management policiesManagement policies
Statement of management policiesStatement of management policies“KAGA ELECTRONICS becomes a company which could please its
stockholders, its customers, its employees and all others, who associate
with us. Hope and contribute to the society.”
The spirit of The spirit of ““FYTFYT””
FF = Flexibility YY = keeping Young TT = Try
The keyword is The keyword is ““3G3G””GGeneraleneral GGloballobalGGrouproup
““We always think of tomorrow We always think of tomorrow
and eventually become the and eventually become the
number one.number one.””Founder & CEOFounder & CEO
Isao TsukamotoIsao Tsukamoto
6
Sales transitionSales transition
0
50
100
150
200
250
300
'69 '70 '71 '72 '73 '74 '75 '76 '77 '78 '79 '80 '81 '82 '83 '84 '85 '86 '87 '88 '89 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05
(Unit : billion yen)
TAXAN (EUROPE) LTD. is established
KAGA DEVICE CO., LTD. is established.
KAGA COMPONENT CO., LTD. becomes a subsidiary
KAGA (HK) ELECTRONICS LIMITED is established.
Sales department for Apple computer products is transferred.
KAGA (SINGAPORE) ELECTRONICS PTE LTD.
KAGA (KOREA) ELECTRONICS CO., LTD. are established.
KAGA (TAIWAN) ELECTRONICS CO., LTD.
KAGA SOLUTION NETWORK CO., LTD. are established.
AD DEVICE CORPORATION become a subsidiary.
DIGITAL GAIN CO., LTD. is established.
KAGA SHENZHEN ELECTRONICS TECHNOLOGY DEVELOPMENT CO., LTD. is established.
KAGA ELECTRONICS (THAILAND) CO., LTD. is established.
KAGA (SHANGHAI) ELECTRONICS CO., LTD. is established.
KAGA DEVICES (H.K.) LIMITED is established.
DIGITAL GAIN INC. become a subsidiary.
Taxan USA Corporation is established
FYT CO., LTD.
7
Net sales by products categoryNet sales by products category
10%
39%
30%
16%
5%
Others (ITOthers (IT--related business)related business)
FY2005
<Full year, actual>
Consolidated
net sales
250.244 billion yen
General electronic General electronic componentscomponents
EMS (Processed business)EMS (Processed business)
General electronic components
Semiconductors
EMS (Processed business)
Information equipment
Others (IT-related business)
SemiconductorsSemiconductors
Information equipmentInformation equipment
8
World networkWorld network
* KAGA ELECTRONICS provides worldwide business services upon customer needs. Plans for a branch office in Northern China are under way.
* Business marketing has been also started in Russia and Eastern European Countries.
9
Main business connectionMain business connection
MMerchandiseerchandise ((About 2,000companies)About 2,000companies)
Sales Sales (About (About 4,0004,000companiescompanies、、7,0007,000accountsaccounts))
10
2, 2, Business outlineBusiness outline
11
KAGA ELECTRONICS group identityKAGA ELECTRONICS group identity
From business sales in electronic products & information equipmeFrom business sales in electronic products & information equipment to nt to a a ““HighHigh--AddedAdded--Value EDMS BusinessValue EDMS Business””
Electronic products & Electronic products & Semiconductor businessSemiconductor business
Distributing electronic components for Distributing electronic components for all standard and custom products in all standard and custom products in accordance with customers' requests. accordance with customers' requests.
Information equipment Information equipment businessbusiness
Sales in personal computers, PC Sales in personal computers, PC peripherals, electronic health equipment, peripherals, electronic health equipment,
electronic toys and moreelectronic toys and more
●●We need a product created. We need a product created. ●●We need engineeringWe need engineering development designed. development designed.
Expanding EDMS Business Expanding EDMS Business The Solution to Customer Problems!The Solution to Customer Problems!
●●We need various components. We need various components.
CustomerCustomer’’s needs s needs
12
KAGA ELECTRONICS group identityKAGA ELECTRONICS group identity
Business identityBusiness identity ・・・・Advantage of being an independentAdvantage of being an independent
Our motto since the foundationOur motto since the foundation““Covering All the Customer NeedsCovering All the Customer Needs””
Information gatheredInformation gathered
Since the early stage of Since the early stage of foundation, thoroughgoing foundation, thoroughgoing
system has been established for system has been established for handling information from handling information from
business centers both domestic business centers both domestic and abroad. and abroad.
Solid experience and Solid experience and performance since the performance since the
foundation through diligent foundation through diligent focus on technological focus on technological
development.development.
Expanding the business marketExpanding the business market
Upon customerUpon customer’’s requests, KAGA ELECTRONICS s requests, KAGA ELECTRONICS ““Gathers anything, Can Gathers anything, Can do anything, the Answer to everythingdo anything, the Answer to everything””
13
Electronic products & Semiconductor business ①
Business overviewBusiness overview
Utilizing our unfettered advantage, KAGA ELECTRONICS have established a corporate structure capable of supplying all products required by our customers, both domestically and overseas. In the semiconductor area, our in-house engineers are the key strength behind our ability to handle anything from the design of large-scale integrated circuits commissioned by customers to original LSIs and components planning and development based on technical trends collected by our distinctive marketing division.
ProductsProductsGeneral electronic components / Camera modules / Memories / Microcomputers / LCD panels / System LSI's / ASIC's / Original IC's (TAXAN) etc.
14
Electronic products & Semiconductor business ②
Source locally components and information worldSource locally components and information world--widewide
Providing stable and effective material operations Providing stable and effective material operations through globalthrough global--networkingnetworking
15
Electronic products & Semiconductor business ③
Focus on Focus on procurement of procurement of cuttingcutting--edge devicesedge devices
<Lamina Ceramics, Inc.><Lamina Ceramics, Inc.>
LaminaLamina’’s LED productss LED products
Realization of the highest level of brightness per unit area thrRealization of the highest level of brightness per unit area through ough high density mounting of LED components.high density mounting of LED components.
Already with 42 Ceramic Packaging and OpticsAlready with 42 Ceramic Packaging and Optics--related patents related patents acquisitioned, KAGA ELECTRONICS is currently anticipating acquisitioned, KAGA ELECTRONICS is currently anticipating these LED products to be applied for Flat Panel Displays and these LED products to be applied for Flat Panel Displays and Indoor/Outdoor Lighting equipments.Indoor/Outdoor Lighting equipments.
DisplaysDisplaysInterior lighting equipmentInterior lighting equipment
<Integrant Technologies Inc. ><Integrant Technologies Inc. >
CMOS based RF Tuner ICCMOS based RF Tuner IC Cellular telephoneCellular telephone
Aiming to introduce to the Japanese and European markets the nexAiming to introduce to the Japanese and European markets the next t technological energytechnological energy--efficient compact CMOS based RF tuner IC for the efficient compact CMOS based RF tuner IC for the market in the receiving terminals geared to Mobile Digital Broadmarket in the receiving terminals geared to Mobile Digital Broadcasting.
PDAPDAcasting.
16
Information equipment businessInformation equipment business ①
OverviewOverview
The mainstay of this business is sales of popular brands of PC-related information systems, although another key aspect is the planning, manufacture and sales of our own brand “TAXAN” of peripheral PC devices. In addition, KAGA ELECTRONICS continue to infuse the domestic and international market with superior, new value-added products.
ProductsProducts
Personal computers / PC peripheral devices / Monitors / Printers / Digital cameras / Scanners / HDDs / DVDs / Health equipment etc.
17
Information equipment businessInformation equipment business ②
Devoted to the demands of the Era, focusing on advanced equipmenDevoted to the demands of the Era, focusing on advanced equipmentsts
Staying one step ahead in upcoming technology (Digital imaging, Staying one step ahead in upcoming technology (Digital imaging, portable players, etc.)portable players, etc.)
Personal computersPersonal computers
DisplaysDisplays HDDsHDDs, Memories etc., Memories etc.PC peripheral PC peripheral equipmentequipment
SystemSystem--related businessrelated business
●●Sale of image editing system for digital broadcastingSale of image editing system for digital broadcasting““Cine WaveCine Wave”” ●●Sale of Sale of highhigh--resolution digital imageresolution digital image server for digital cinema server for digital cinema
““QuVISQuVIS Cinema Cinema PlayerPlayerTMTM””
●●DLP front projector projectDLP front projector project
Sale of Sale of ““iPodiPod””and and peripheral equipmentsperipheral equipments
18
Information equipment businessInformation equipment business ③
Business Model for the FutureBusiness Model for the Future
Expanding businesses based on the networks in China and Eastern Southern Asian
KAGA ELECTRONICS has networks in China, Korea, and all other Asian regions. The company plans on developing sales strategies, utilizing its own marketing and technological skills to further expand products discovered in the Asian regions to various markets together with the brands already established in the Japanese market.
Information equipment Information equipment business networkbusiness network
Lead Lead toto the expansion of businessthe expansion of business
EDMS businessEDMS business Electronic products & Electronic products & Semiconductor businessSemiconductor business
19
EDMS business EDMS business ①
Business overview (EDMSBusiness overview (EDMS::Electronics Design Manufacturing Service)Electronics Design Manufacturing Service)
※※EDMS businessEDMS business・・・・・・A newly established business providing total solutions which utiA newly established business providing total solutions which utilizes our expanding EMS (Electronics lizes our expanding EMS (Electronics Manufacturing Service: A serManufacturing Service: A service which adapts to the customervice which adapts to the customer’’s designs providing a variety of services from s designs providing a variety of services from components procurement to kicomponents procurement to kitting) business and design and development in accordance with thtting) business and design and development in accordance with the customere customer’’s s desired specifications. desired specifications.
Meeting customer needs, providing high valueMeeting customer needs, providing high value--added solutions from material added solutions from material procurement to the provision of completed productsprocurement to the provision of completed products
Utilizing the group's components procurement capabilities, which comprise the use of in-house technical staff for development through manufacturing of products, both domestically and overseas, KAGA ELECTRONICS is able to supply high value-added solutions, such as the manufacture of everything from our kitting service to completed products (including surface mounting and partly-finished products).
As a future project, KAGA ELECTRONICS is As a future project, KAGA ELECTRONICS is looking into the digital imaging field to propel looking into the digital imaging field to propel an aggressive business focusing on providing an aggressive business focusing on providing image engines including optical projectors and image engines including optical projectors and further expanding business with domestic and further expanding business with domestic and Chinese manufacturers. Chinese manufacturers.
Aggressive challenges to New FieldsAggressive challenges to New Fields
41.7
48.953.3
76.0
83.2(Forecast)
2002.3 2003.3 2004.3 2005.3 2006.3
Sales transition and plan in EDMS businessSales transition and plan in EDMS business (Unit : billion yen)
20
EDMS business EDMS business ②
KAGA (SHANGHAI)KAGA (SHANGHAI)
KAGA (KAGA (TTHAILAND)HAILAND)
GUANGZHOU KEIDENNKI / GUANGZHOU KEIDENNKI / DONGGUAN POWERTEK ELCTRONICSDONGGUAN POWERTEK ELCTRONICS
<Content><Content>Main board and completed products Main board and completed products for Japanese office equipment for Japanese office equipment makersmakers
●●●
●
●
<<Content>Content>Main board and completed Main board and completed products for Japanese office products for Japanese office equipment makersequipment makers<<Content>Content>
Power supplyPower supply、、AC adapterAC adapter、、battery chargerbattery charger
<<Content>Content>The main board of Japanese airThe main board of Japanese air--conditioner conditioner makers and office equipment makers.makers and office equipment makers.Manufacturing at inManufacturing at in--house and cooperative house and cooperative plantsplants
<<Content>Content> Power supplyPower supply、、AC adapterAC adapter、、battery chargerbattery charger
▲
KAGA (SHENZHEN) ELECTRONICS KAGA (SHENZHEN) ELECTRONICS TECHNOLOGY DEVELOPMENTTECHNOLOGY DEVELOPMENT<<Content>Content>Development of Development of semiconductors and board semiconductors and board for Chinese TV makersfor Chinese TV makers
KAGA COKAGA COMMPONENTS (MALAYSIA)PONENTS (MALAYSIA)
KAGAKAGA ((HH..KK.) / .) / KAGA (SHENZHEN)KAGA (SHENZHEN)
EDMS business overseas EDMS business overseas business establishment introductionbusiness establishment introduction
KAGA (EUROPE) operational liaison office KAGA (EUROPE) operational liaison office
EDMS deployed in east Europe!EDMS deployed in east Europe!
Headquarters established in nine countries worldwide (Europe, AmHeadquarters established in nine countries worldwide (Europe, America, Asia, etc).erica, Asia, etc).
Capable of providing EMS and collecting electronic components inCapable of providing EMS and collecting electronic components in any region upon any region upon customer needs utilizing five incustomer needs utilizing five in--house plants and numerous cooperative plants for house plants and numerous cooperative plants for production.production.
21
EDMS businessEDMS business ③
KAGA COMPONENTS / KAGA COMPONENTS /
Niigata factoryNiigata factory
<<Content>Content>Assemble a personal computers, PC Assemble a personal computers, PC peripheral devices, electronics peripheral devices, electronics communication equipment, precision communication equipment, precision equipment, audio equipment and equipment, audio equipment and medical equipment.medical equipment.
●
●
●
●
<<Content>Content>
Manufacture of battery Manufacture of battery charger and power supplycharger and power supply
<<Content>Content>
Manufacture of battery charger and Manufacture of battery charger and power supplypower supply
KAGA COMPONENTS /KAGA COMPONENTS /
Kumamoto factoryKumamoto factory
Micro Solution / Yamagata factoryMicro Solution / Yamagata factory
EDMS business domestic business EDMS business domestic business establishment introductionestablishment introductionFlexible towards EDMS even domesticallyFlexible towards EDMS even domestically
Micro Solution / Nagano factoryMicro Solution / Nagano factory
<<Content>Content>Assemble a Amusement machine Assemble a Amusement machine and a game machine.and a game machine.
Understanding the customerUnderstanding the customer’’s desires and providing total s desires and providing total solutions utilizing the features of insolutions utilizing the features of in--house and house and cooperative/assigned cooperative plants. (about 40 Plants) .cooperative/assigned cooperative plants. (about 40 Plants) .
22
EDMS businessEDMS business ④
Peculiar features of the EDMS businessPeculiar features of the EDMS business
JapaneseJapanesecomponentscomponents
vendersvenders
ProcurementProcurement
ManufactureManufacture
Total support system encompassing design & development as well aTotal support system encompassing design & development as well as material procurement s material procurement
CustomersCustomers
DesignDesign・・DevelopmentDevelopment
Planning and development Planning and development of digital contentof digital content
Cooperative plant Cooperative plant ((Domestic & Domestic &
overseas)overseas)
Flexible manufacturing systemFlexible manufacturing systemKagaKaga plants plants
(Domestic & overseas)(Domestic & overseas)
LCOS Driver Boad
LVDS Input LCOS&
OpticalEngine
Lamp UnitBallast
AsianAsiancomponentscomponents
vendersvenders
EuropeanEuropeancomponentscomponents
vendersvenders
23
EDMS businessEDMS business ⑤
Reinforcing design (Design and development department)Reinforcing design (Design and development department)
Focus on development of optical instruments for the digital imagFocus on development of optical instruments for the digital imaging Eraing Era
Taking an aggressive approach towards image engines for projectoTaking an aggressive approach towards image engines for projectors utilizing both the DLP & rs utilizing both the DLP & LCOS systems for the digital imaging Era.LCOS systems for the digital imaging Era.
●●LCOS rear projection TV projectLCOS rear projection TV project
●●DLP front projector projectDLP front projector project
Making a compact lowMaking a compact low--cost home theater cost home theater system a realitysystem a reality
HighHigh--quality large screen home quality large screen home theater system at a low pricetheater system at a low price
LCOS Driver Boad
LVDSInput
LCOS&OpticalEngine
Lamp Unit
24
EDMS businessEDMS business ⑥
Reinforcing design (Design and development department)Reinforcing design (Design and development department)
●●Electrical toyElectrical toy
Realization of handsRealization of hands--free calls with a mobile free calls with a mobile phone and Bluetoothphone and Bluetooth®® wireless wireless communication!communication!
InternetInternet
Server managementServer management
◆◆Offer of STB (Set Top Box)Offer of STB (Set Top Box)
◆◆Various OS server offerVarious OS server offer ◆ PDP and liquid crystal PDP and liquid crystal panel Offerpanel Offer
ApartmentApartment
HotelHotel HospitalHospital
A school and an A school and an educational educational institutioninstitution
Our focused products Our focused products
●●II--O DATA DEVICE, INC.O DATA DEVICE, INC. Hands free inHands free in--vehicle wireless model vehicle wireless model 「「PDIPDI--B912/CAGB912/CAG」」
●●VOD (Video On Demand) development of businessVOD (Video On Demand) development of business
●●Multi functionMulti functionprinterprinter
25
Other businessOther business
Aggressively focus on production and development of digital contAggressively focus on production and development of digital contents ents
Planning and developing digital contents, Another new project inPlanning and developing digital contents, Another new project in development to meet with the new development to meet with the new advanced imaging technology and CG technology markets that are tadvanced imaging technology and CG technology markets that are taking the digital imaging Era in aking the digital imaging Era in advance besides electronic products. advance besides electronic products.
Recent actual performances Digital Media Laboratory Projects Recent actual performances Digital Media Laboratory Projects
■■TOEI COMPANY, LTD.TOEI COMPANY, LTD.Creation of computer graphics for invent Creation of computer graphics for invent in the movie in the movie ““Year one in the north.Year one in the north.””
■■SQUARE ENIX CO., LTD.SQUARE ENIX CO., LTD. Creation of computer graphics for invent in Creation of computer graphics for invent in
the game software the game software ““FINAL FANTASY X.FINAL FANTASY X.””
■■NHK Educational Corporation NHK Educational Corporation Creation of computer graphics for educational TV Creation of computer graphics for educational TV program for children program for children ““Fun Fun English.Fun Fun English.””
26
3, Outlook for KAGA ELECTRONICS group3, Outlook for KAGA ELECTRONICS group
27
Business modelBusiness model
KAGA ELECTRONICS Group KAGA ELECTRONICS Group Semiconductors & system technology Semiconductors & system technology
development engineers development engineers About 250 employeesAbout 250 employees
KAGA ELECTRONICS Group System technology development engineers
About 440 employees
Development, Development, manufacture and manufacture and sale of electronic sale of electronic
equipmentequipment
Development, Development, manufacture and manufacture and sale of electronic sale of electronic
componentscomponents
CellCell--phone service phone service providerprovider
Planning and Planning and development of development of
groupwaregroupware
Internet cafeInternet cafe
Planning and Planning and development development of network of network
securitysecurity
Development, Development, manufacture manufacture
and sale of LSIand sale of LSI
Sale of electronic Sale of electronic components on components on
electronics electronics commercecommerce
Planning and Planning and development of development of game softwaregame software
Planning and Planning and manufacture ofmanufacture ofgame components game components and gameand game--related related
goodsgoods
Planning and Planning and development of development of board for personal board for personal computer and computer and peripheral devicesperipheral devices
Provision of Provision of service for service for
digital satellite digital satellite broadcastingbroadcasting
Development and Development and manufacture of manufacture of semiconductorsemiconductor
Direct investments in 40 companies and indirect investments in Direct investments in 40 companies and indirect investments in 230 electronics230 electronics--related companies in domestic & international related companies in domestic & international entrepreneurial venture through 8 fundsentrepreneurial venture through 8 funds → Expansion of Commercial Rights Expansion of Commercial Rights
Companies Companies being ready to being ready to go publicgo public……Planning and Planning and
development of development of nickservnickserv
28
Entry into sportsEntry into sports--related equipment businessrelated equipment business
Establishment of FYT CO., LTD.Establishment of FYT CO., LTD.
Cultivating new business models through supply chain management,Cultivating new business models through supply chain management, IT technology, IT technology, and KAGA ELECTRONICS experience and knowand KAGA ELECTRONICS experience and know--howhow..
Currently, the company is developing swing speed Currently, the company is developing swing speed measuring and swing form checking instruments for a measuring and swing form checking instruments for a golf manufacturer. golf manufacturer.
Established in December 2004, as a fully invested Established in December 2004, as a fully invested Subsidiary of KAGA ELECTRONICS.Subsidiary of KAGA ELECTRONICS.
This company has developed distributions for sports shops This company has developed distributions for sports shops mainly handling golf equipments and expanded its mainly handling golf equipments and expanded its distributions to other golf shops, further expanding the distributions to other golf shops, further expanding the business under the trade name of business under the trade name of ““Golf Plaza ACTIVEGolf Plaza ACTIVE””all over Japan. all over Japan.
((ImagesImages))
29
4, 4, Financial highlights for FY2005Financial highlights for FY2005
30
(Consolidated)(Consolidated)
Financial highlights in FY2004 & FY2005Financial highlights in FY2004 & FY2005
(Unit : million yen)
FY 2004 FY 2005
Net sales 189,904 250,244 60,340 31.8%
Gross profit 20,365 25,624 5,259 25.8%
Gross profitratio 10.7% 10.2% (0.5)%
SG & Aexpenses 14,950 17,149 2,199 14.7%
Operating income 5,415 8,474 3,059 56.5%
Ordinary income 5,348 8,644 3,296 61.6%
Net income 4,129 4,731 602 14.6%
FY 2004 FY 2005
(Total assets) 86,993 115,901 28,908 33.2%(Total shareholders'
equity) 33,027 40,661 7,634 23.1%(Interest-bearing
debt) 7,847 12,928 5,081 64.8%
Increase/decrease
Increase / decrease
31
(Consolidated)(Consolidated)
Results by business category in FY2004 / FY2005Results by business category in FY2004 / FY2005
(Unit : million yen)
FY 2004 FY 2005 Amount Percentage
Informationequipment
40,384 40,254 (130) (0.3)%
EMS 53,330 76,099 22,769 42.7%
Semiconductors 72,617 97,075 24,458 33.7%
General electroniccomponents
14,170 23,758 9,588 67.7%
Others 9,401 13,056 3,655 38.9%
Total 189,904 250,244 60,340 31.8%
Increase / decreaseNet salesBusiness
32
((Consolidated)Consolidated)
Financial highlights and plan in FY 2005 / FY 2006Financial highlights and plan in FY 2005 / FY 2006
(Unit : million yen)
FY 2005 FY 2006
Net sales 250,244 240,000 (10,244) (4.1)%
Gross profit 25,624 26,500 876 3.4%
Gross profitrat io 10.2% 11.0% 0.8%
SG & Aexpenses 17,149 18,000 851 5.0%
Operating income 8,474 8,500 26 0.3%
Ordinary income 8,644 8,700 56 0.6%
Net income 4,731 5,200 469 9.9%
FY 2005 FY 2006
(Total assets) 115,901 117,217 1,316 1.1%(Total shareholders'
equity) 40,661 44,614 3,953 9.7%
(Interest-bearingdebt) 12,928 12,545 (383) (3.0)%
Increase / decrease
Increase / decrease
33
((Consolidated)Consolidated)
Sales and sales plan by business category in FY2005 / FY2006Sales and sales plan by business category in FY2005 / FY2006
(Unit : million yen)
FY 2005FY 2006
(Plan)Amount Percentage
Informationequipment
40,254 42,000 1,746 4.3%
EMS 76,099 83,200 7,101 9.3%
Semiconductors 97,075 79,000 (18,075) (18.6)%
General electroniccomponents
23,758 20,300 (3,458) (14.6)%
Others 13,056 15,500 2,444 18.7%
Total 250,244 240,000 (10,244) (4.1)%
Increase / decreaseNet salesBusiness