Sept 10 (Reuters) - Kaga Electronics Co Ltd <8154.T>:Says it will buy 100 percent stake in Fujitsu Electronics Inc., from FUJITSU SEMICONDUCTOR LIMITED for 20.54 billion yen in total .
June 28 (Reuters) - Kaga Electronics Co Ltd <8154.T>:Says it dissolves unit KAGA COMPONENTS CO.,LTD. on June 28 .Says concern of uncollectible receivables of 4.69 billion yen from the unit.
Kaga Electronics Co Ltd <8154.T> :Says it completes repurchase of 818,900 shares for totaling 1.5 billion yen as of Dec. 20, below the 1 million shares' target in original plan disclosed on Nov. 1.
Kaga Electronics Co Ltd <8154.T>: To repurchase up to 1,000,000 shares, representing a 3.54 pct stake . Says share repurchase up to 1,500 million yen in total .Says repurchase period from Nov. 8, 2016 to March 30, 2019.
UKC Holdings Corp:Says suspension of management integration with KAGA ELECTRONICS with previous release disclosed on Nov. 18, 2015.
KAGA ELECTRONICS CO LTD:Raises year-end dividend outlook to 35 yen per share, from 20 yen per share, for the fiscal year ending March 2016.Says the 35 yen per share dividend includes a common dividend of 20 yen per share and a special dividend of 15 yen per share.
UKC Holdings Corp and Kaga Electronics Co., Ltd:Kaga Electronics Co., Ltd. and UKC Holdings Corporation resolved to execute a Memorandum of Understanding in connection with their intentions to achieve a management integration with the spirit of equal partnership.The two companies have selected a holding company system as the organizational structure following the Management Integration in order to take advantage of the strengths of the two companies while preserving their individuality.A share exchange will be carried out between UKC Holdings as the wholly owning parent company in the share exchange and Kaga Electronics as the wholly owned subsidiary company in the share exchange and the common shares of Kaga Electronics are scheduled to be delisted.Following the completion of the Share Exchange, a company split will be carried out, in which UKC Holdings will be the splitting company and all of UKC Holdings' businesses (excluding certain functions) will be the businesses subject to the split.As a result of the Company Split, all of UKC Holdings' businesses will be taken over by either a new company to be incorporated through the Company Split or a succeeding company to be wholly owned by UKC Holdings, whereby UKC Holdings will become a holding company.Planned effective Oct. 1, 2016.Says the holding company planned to be named UKC Kaga Holdings Corporation.
KAGA ELECTRONICS CO LTD:Says the company lowered the consolidated mid-year outlook for revenue to 122,900 million yen from 125,000 million yen for FY ending March 2016.Operating profit forecast increased to 4,150 million yen from 3,100 million yen.Ordinary profit forecast increased to 4,400 million yen from 3,300 million yen.Net profit forecast increased to 2,900 million yen from 2,200 million yen.Earnings per share increased to 102.63 yen from 77.86 yen.Comments the sales decrease and costs reduction are the main reasons for the forecast.
KAGA ELECTRONICS CO LTD:To pay year-end dividend of 25 yen per share (15 yen as common dividend and 10 yen as special dividend), above latest dividend forecast of 15 yen per share, for fiscal year ended March 2015.Record date March 31 and effective date June 29.
KAGA ELECTRONICS CO LTD:Says the company affirmed the consolidated mid-year outlook for revenue at 115,000 million yen for FY ending March 2015.Operating profit forecast increased to 1,200 million yen from 600 million yen.Ordinary profit forecast increased to 1,500 million yen from 900 million yen.Net profit forecast increased to 600 million yen from 400 million yen.Earnings per share increased to 21.23 yen from 14.16 yen.Comments the sales increase and cost reduction are the main reasons for the forecast.