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May 12, 2011

Kaga Electronics Co., Ltd.
(TSE, 1st Section; Stock code: 8154)

Announcement of Establishment of Subsidiary in India

Kaga Devices Co., Ltd., which is a consolidated subsidiary of Kaga Electronics Co., Ltd. (Head office: Chiyoda-ku, Tokyo; President: Tomohisa Tsukamoto), has decided to establish a subsidiary in India.

Purpose

Kaga Devices is a sales agent in Japan and China for Mitsubishi Electric Corporation and Renesas Electronics Corporation. By establishing a subsidiary in India, which is one of the world’s fastest-growing markets, Kaga Devices plans to start new business activities in this country while cooperating with other companies in the Kaga Electronics Group.

Along with China, Thailand and other Asian countries, India is an Asian market that has excellent growth prospects for more growth. By establishing a subsidiary in this country, the Kaga Electronics Group plans to create a sales network that will make India a base for strengthening the group’s presence in Asia and contributing to growth in overseas operations.

Profile of subsidiary in India

 Name : KAGA DEVICES INDIA PVT LTD
 Shareholders : KAGA DEVICES CO., LTD. 90%, KAGA ELECTRONICS CO., LTD. 10%
 President : Shigeru Matsushita
 Location : Bangalore (planned)
 Establishment : August 2011 (planned)
 Activities : Sales of products of Mitsubishi Electric and other manufacturers
 Capital : 15 million rupees (planned)
 Employees : 3 (planned)

Profile of KAGA DEVICES

 Name : KAGA DEVICES CO., LTD.
 Shareholders : KAGA ELECTRONICS CO., LTD. 94.9%, others 5.1%
 President : Shigeru Matsushita
 Head office : Sumitomo Fudosan Akihabara Bldg., 3-12-8 Soto-Kanda, Chiyoda-ku, Tokyo, Japan
 Established : April 1991
 Activities : Sales of products of Mitsubishi Electric, Renesas Electronics, Hynix Semiconductor Japan and
         othermanufacturers
 Capital : \395.2 million
 Employees : 61 (April 1, 2011)


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