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ELECOM, Net Income Forecast for the Fiscal Year Revised Upward by 75%, Highest in Five Terms
6750 ELECOM CO.,LTD. 【J-GAAP】
Earnings ReportELECOM CO.,LTD. <6750> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) surged 2.5 times that of the same period last year, reaching 15.5 billion yen.
In addition, the full-year forecast for consolidated net income has been revised upward 75.3%, from the previous forecast of 10.1 billion yen to 17.7 billion yen (compared to 9.30 billion yen in the previous period), increasing the growth rate from 9.1% to 91.4%, reaches new record high for the first time in five terms.
Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) is expected to increase 2.3 times, from the previous forecast of 5.86 billion yen to 13.5 billion yen (compared to 5.90 billion yen in the same period of the previous year), turning to a 2.3 times increase in the consolidated net income outlook.
In the most recent three-month period, from October to December (3Q), the consolidated net income surged 3.8 times that of the same period last year, reaching 11.2 billion yen. However, the operating profit margin decreased from 12.8% in the same period last year to 12.3%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 81,101 | 9,258 | 9,636 | 6,696 | 80.1 | 72.1 | Feb 14, 2024 | J-GAAP |
| Apr - Dec, 2024 | 87,335 | 9,388 | 9,280 | 6,322 | 80.6 | 70.4 | Feb 13, 2025 | J-GAAP |
| Apr - Dec, 2025 | 95,269 | 10,656 | 11,331 | 15,524 | 201.1 | 76.6 | Feb 13, 2026 | J-GAAP |
| YoY | +9.1% | +13.5% | +22.1% | +145.6% | +149.7% |
Guidance Update
Second Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2025 Prev | 71,168 | 8,708 | 8,487 | 5,866 | 72.8 | 26 | Nov 13, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 72,168 | 8,708 | 8,487 | 13,514 | 167.8 | 26 | Feb 13, 2026 | J-GAAP |
| Revision Rate | +1.4% | 0.0% | 0.0% | +130.4% | +130.4% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 130,000 | 14,900 | 14,800 | 10,150 | 126.0 | 52 | May 15, 2025 | J-GAAP |
| Mar, 2026 New | 131,000 | 14,900 | 14,800 | 17,798 | 221.0 | 52 | Feb 13, 2026 | J-GAAP |
| Revision Rate | +0.8% | 0.0% | 0.0% | +75.3% | +75.3% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 61,399 | 8,077 | 8,130 | 5,905 | 75.7 | 24 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 72,168 | 8,708 | 8,487 | 13,514 | 167.8 | 26 | Feb 13, 2026 | J-GAAP |
| YoY | +17.5% | +7.8% | +4.4% | +128.9% | +121.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 110,169 | 12,380 | 13,360 | 9,985 | 119.9 | 44 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 118,007 | 13,531 | 13,190 | 9,300 | 119.2 | 48 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 131,000 | 14,900 | 14,800 | 17,798 | 221.0 | 52 | Feb 13, 2026 | J-GAAP |
| YoY | +11.0% | +10.1% | +12.2% | +91.4% | +85.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 30,727 | 3,934 | 4,220 | 2,927 | 37.3 | 12.8 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 30,672 | 4,143 | 3,910 | 2,978 | 38.2 | 13.5 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 28,636 | 3,011 | 2,731 | 1,882 | 24.7 | 10.5 | Aug 14, 2025 | J-GAAP |
| Jul - Sep, 2025 | 30,196 | 3,181 | 3,582 | 2,402 | 31.5 | 10.5 | Nov 13, 2025 | J-GAAP |
| Oct - Dec, 2025 | 36,437 | 4,464 | 5,018 | 11,240 | 145.6 | 12.3 | Feb 13, 2026 | J-GAAP |
| YoY | +18.6% | +13.5% | +18.9% | +284.0% | +290.5% |
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