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Japanese electronics distributor that sources and distributes semiconductors/components and also designs PCs and displays under its own brands.
Japanese electronics distributor that sources and distributes semiconductors/components and also designs PCs and displays under its own brands.
Earns a trading margin on components it buys from chip makers and resells to equipment makers, and separately sells own-brand monitors and PCs to consumers and businesses. The mix makes it more than a pure distributor.
In one line: A Japan-based Avnet-style component distributor with its own PC/monitor brands.
Moat: narrow (distribution, scale). Long-standing supplier franchise agreements and logistics scale in Japan's component-distribution market.
Headquarters: Saitama, Japan · Founded: 1968 · Employees: 9,374
Size Kaga Electronics (8154.T) is a Japan Information Technology company (Semiconductors) with a market value of $1.42B, the 591st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,475 on 6 Nov 2026.
Performance Over six months the shares gained 6.3%, against -17.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 19 in its peer set.
Growth Revenue grew 24.1% over the last twelve months (peer median +6.1%); the operating margin is 4.3% (peer median 8.0%).
Valuation It trades at 7.8× forward earnings against a peer median of 26.9× (cheapest of 13).
Capital Return on invested capital runs 3.6 points above its cost of capital (9.1% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥691B | ¥659B | ¥548B | ¥543B | ¥608B |
| Revenue growth | — | +20% | +1% | -11% | — |
| Gross profit | ¥89.7B | ¥85.3B | ¥71.7B | ¥70.5B | ¥78.5B |
| EBITDA | ¥35.3B | ¥33.1B | ¥28.1B | ¥30.1B | ¥36.3B |
| Net income | ¥33.4B | ¥31.1B | ¥17.1B | ¥20.3B | ¥23.1B |
| Free cash flow | n/a | -¥6.26B | ¥19.8B | ¥24.0B | ¥26.9B |
| Capital expenditure | n/a | ¥4.55B | ¥5.67B | ¥5.75B | ¥4.16B |
| Total debt | ¥56.1B | ¥84.4B | ¥33.5B | ¥34.3B | ¥41.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Kaga Electronics 8154.T | $1.42B | +6% | +24% | 4% | 7.8× | n/a |
| Macnica 3132.T | $3.23B | +8% | +35% | 4% | 11.8× | n/a |
| Arrow Electronics ARW | $9.22B | -7% | +26% | 4% | 7.4× | 0.1% |
| Avnet AVT | $6.52B | -3% | +44% | 4% | 5.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 8154.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.2% | -19.4% | 10th highest of 20 |
| 6-month return | +6.3% | -17.1% | 2nd highest of 19 |
| Distance from 52-week high | -22.8% | -52.9% | 3rd highest of 21 |
| Revenue growth (TTM) | +24.1% | +6.1% | 5th highest of 20 |
| Operating margin | 4.3% | 8.0% | 6th lowest of 20 |
| Forward P/E | 7.8× | 26.9× | cheapest of 13 |
| ROIC minus cost of capital | +3.6 pp | -2.4 pp | 6th highest of 20 |
| EV / EBITDA | 5.6× | 20.3× | cheapest of 13 |
| Net debt / EBITDA | -0.8× | -1.5× | 5th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kaga Electronics 8154.T | Japan | $1.42B | +6% | +24% | 4% | 7.8× | n/a | n/a |
| Himax Technologies HIMX | United States | $1.45B | -51% | -8% | 5% | 19.1× | 30.3% | -1.3% |
| Sensirion SENS.SW | Switzerland | $1.46B | +3% | +1% | 12% | 35.3× | 10.4% | +6.2% |
| Luxnet 4979.TWO | Taiwan | $1.36B | -56% | +14% | 19% | 29.3× | 34.7% | +30.3% |
| Elite Advanced Laser 3450.TW | Taiwan | $1.36B | -15% | -2% | 16% | n/a | n/a | n/a |
| C Sun Mfg 2467.TW | Taiwan | $1.48B | -47% | +72% | 22% | 13.2× | 12.7% | +8.4% |
| Shenzhen Qingyi Photomask 688138.SS | China | $1.35B | -7% | +6% | 16% | 30.3× | n/a | n/a |
| ChipMOS Technologies 8150.TW | Taiwan | $1.49B | -17% | +19% | 8% | 12.2× | n/a | n/a |
| Beijing ESWIN Computing Technology 1256.HK | Hong Kong | $1.50B | n/a | +20% | -57% | n/a | n/a | n/a |
| Shenzhen SOFARSOLAR 301658.SZ | China | $1.32B | -41% | +18% | -1% | n/a | 43.2% | +37.3% |
| LAPLACE Renewable Energy Technology 688726.SS | China | $1.30B | -36% | -22% | 8% | 24.5× | 1.4% | +62.8% |
| Silex Microsystems SILEX.ST | Sweden | $1.55B | -32% | +13% | 26% | n/a | 38.0% | +13.0% |
| Innostar Service 7828.TWO | Taiwan | $1.29B | -18% | +117% | 43% | 53.4× | n/a | n/a |
| TSE 131290.KS | South Korea | $1.29B | -4% | +37% | 22% | 12.0× | 11.2% | +8.5% |
| Cosmo Electronics 2466.TW | Taiwan | $1.57B | +449% | -19% | -20% | n/a | n/a | n/a |
| Karamtara Engineering KARAMTARA.NS | India | $1.28B | n/a | n/a | n/a | n/a | n/a | n/a |
| Jiangsu HHCK Advanced Materials 688535.SS | China | $1.58B | -19% | +154% | 7% | 134.5× | n/a | n/a |
| Wonik 030530.KS | South Korea | $1.59B | -14% | -14% | 1% | n/a | n/a | n/a |
| Faraday Technology 3035.TW | Taiwan | $1.26B | -9% | -32% | 5% | 29.6× | 25.2% | +26.8% |
| Taiwan Surface Mounting Technology 6278.TW | Taiwan | $1.60B | -2% | +5% | 7% | 16.1× | 6.5% | +3.8% |
| WOLF WOLF | United States | $1.26B | -49% | -12% | -67% | n/a | n/a | n/a |