Elecom Co (6750) Q3 2026 earnings summary

Executive summary

• Net sales increased 9.1% year-over-year to ¥95,269 million, driven by new product launches, strong demand for power supplies, docking stations, and the consolidation of Nippon Antenna.

• Operating profit rose 13.5% year-over-year to ¥10,656 million, with improved margins despite higher SG&A expenses.

• Net profit surged 245.5% year-over-year to ¥15,524 million, boosted by a gain on bargain purchase from the Nippon Antenna acquisition.

• Gross profit margin improved due to higher sales, new high value-added products, price revisions, and cost reductions, despite increased cost of sales from yen depreciation.

• SG&A expenses rose due to sales promotions, M&A-related costs, and increased personnel expenses from the Nippon Antenna acquisition.

Financial highlights

• Gross profit grew 12.5% year-over-year to ¥38,059 million, with gross margin improving to 39.9%.

• Operating profit margin improved to 11.2% from 10.7% year-over-year.

• Ordinary profit rose 22.1% year-over-year to ¥11,331 million.

• Basic earnings per share was ¥201.10, up from ¥80.55 year-over-year.

• Comprehensive income reached ¥16,480 million, up 129.7% year-over-year.

Outlook and guidance

• Full-year net sales forecast revised upward to ¥131,000 million, mainly due to the Nippon Antenna consolidation.

• Operating and ordinary profit forecasts remain unchanged at ¥14,900 million and ¥14,800 million, respectively.

• Net profit forecast raised to ¥17,798 million, reflecting the gain on bargain purchase.

• EPS forecast for the full year is ¥230.56.

• Forecasts have been revised upward due to extraordinary income from the Nippon Antenna acquisition.