Elecom Co (6750) Q3 2025 earnings summary

Executive summary

• Net sales increased 7.7% year-over-year to ¥87,335 million, driven by growth in security-related business, mobile batteries, AC chargers, mice, keyboards, and beauty appliances following M&A activity.

• Operating profit rose 1.4% year-over-year to ¥9,388 million, supported by sales growth and profit-focused measures, despite higher SG&A expenses and cost pressures from a weak yen.

• Ordinary profit declined 3.7% year-over-year to ¥9,280 million, and net profit attributable to owners dropped 5.6% to ¥6,322 million, mainly due to increased foreign exchange losses.

• Strategic new product launches and M&A-driven expansion in home appliances contributed to sales growth, while B2B solutions faced headwinds from weaker semiconductor-related demand.

• Gross profit improvements and cost management offset higher SG&A expenses, including personnel and M&A-related costs.

Financial highlights

• Gross profit increased 6.9% year-over-year to ¥33,830 million, with a gross margin of 38.7%.

• Operating profit margin decreased by 0.7 percentage points to 10.7%.

• Comprehensive income for the period was ¥7,174 million (–7.4% YoY).

• Earnings per share for the nine months: ¥80.55.

• Total assets as of December 31, 2024: ¥112,768 million; Net assets: ¥83,021 million; Equity ratio: 73.5%.

Outlook and guidance

• Full-year forecast (ending March 31, 2025): Net sales ¥120,000 million (+8.9% YoY), operating profit ¥13,400 million (+8.2% YoY), ordinary profit ¥13,900 million (+4.0% YoY), profit attributable to owners of parent ¥9,650 million (–3.4% YoY), EPS ¥118.11.

• Dividend per share planned at ¥48, marking the 15th consecutive annual increase, with a payout ratio target of 30% or above.

• No changes to previously announced earnings or dividend forecasts.