Elecom Co (6750) Q2 2026 earnings summary

Executive summary

• Net sales increased 3.9% year-over-year to ¥58,832 million, driven by growth in power supplies, I/O devices, home appliances, and B2B solutions, despite declines in peripheral devices and accessories.

• Operating profit rose 13.5% year-over-year to ¥6,192 million, with improved profit margins and a favorable competitive environment offsetting higher SG&A expenses.

• Ordinary profit and net profit attributable to owners of parent increased 24.8% and 26.2% year-over-year, respectively, aided by higher operating profit and reduced foreign exchange losses.

• Comprehensive income turned positive to ¥4,063 million from a loss of ¥842 million in the prior year period.

• Gross profit margin improved due to higher sales, new high value-added products, price revisions, and cost reductions.

Financial highlights

• Gross profit grew 8.5% year-over-year to ¥23,564 million, with gross margin improving from 38.3% to 40.1%.

• SG&A expenses rose 6.9% year-over-year, mainly due to increased e-commerce promotion, advertising, and M&A costs.

• Operating profit margin improved from 9.6% to 10.5% year-over-year.

• Net profit attributable to owners of parent reached ¥4,284 million, up 26.2% year-over-year.

• Basic EPS was ¥56.10, up from ¥42.76 year-over-year.

Outlook and guidance

• Full-year net sales forecast is ¥130,000 million, with operating profit projected at ¥14,900 million and net profit at ¥10,150 million.

• Dividend per share planned at ¥52 (+¥4), marking the 16th consecutive annual increase, with a payout ratio target of 30% or above.

• No change to previously announced earnings forecasts; post-integration guidance with Nippon Antenna to be announced.