Elecom Co (6750) Q4 2026 earnings summary

Executive summary

• Net sales increased 12.0% year-over-year to ¥132,132 million, driven by new product launches, strategic M&A, and the consolidation of Nippon Antenna.

• Operating profit rose 14.7% year-over-year to ¥15,524 million, achieving a record high, with improved profit margins and higher gross profit.

• Net profit surged 217.1% year-over-year to ¥20,191 million, boosted by a gain on bargain purchase and lower tax rates.

• Integration of Nippon Antenna contributed to sales and profit growth, with a gain on bargain purchase recognized.

• Comprehensive income reached ¥21,637 million, up 223.6% year-over-year.

Financial highlights

• Gross profit grew 13.4% year-over-year to ¥52,359 million, with a gross margin of 39.6% and improved cost controls.

• SG&A expenses increased 12.8% year-over-year, reflecting higher e-commerce promotion, advertising, and M&A costs.

• Ordinary profit rose 25.9% year-over-year to ¥16,605 million.

• Cash and cash equivalents at year-end: ¥58,497 million, up ¥14,778 million from prior year.

• Comprehensive income reached ¥21,637 million, up 223.6% YoY.

Outlook and guidance

• FY03/27 forecast projects net sales of ¥144,800 million (+9.6%), operating profit of ¥16,500 million (+6.3%), and profit attributable to owners of parent at ¥11,450 million (-43.3% due to absence of one-time gains).

• Focus on optimizing management resources, enhancing customer experience, AI-driven value creation, and improving profitability through new products and cost controls.

• Annual dividend forecast raised to ¥58.00 per share for FY27.