IKEGAMI TSUSHINKI CO., LTD.
6771・Standard Market・Electric Appliances
Information & Communication Equipment
A single reporting segment that develops and sells video and communication equipment for broadcast, industrial, medical, and inspection applications on an integrated basis
| Period | Current | Previous | Change |
|---|---|---|---|
| Consolidated Net Sales | ¥21,329 million | ¥20,734 million | ↑ |
| Consolidated Operating Profit | ¥407 million | ¥254 million | ↑ |
| Consolidated Ordinary Profit | ¥358 million | ¥290 million | ↑ |
| Profit Attributable to Owners of Parent | ¥376 million | ¥235 million | ↑ |
| Operating Margin | 1.9% | 1.2% | ↑ |
| Equity Ratio | 47.8% | 47.4% | ↑ |
| Earnings Per Share | ¥58.69 | ¥36.82 | ↑ |
| Net Assets Per Share | ¥2,229.64 | ¥2,130.75 | ↑ |
| Cash Flow from Operating Activities | ¥1,523 million | -¥3,525 million | ↑ |
| Cash and Cash Equivalents at End of Period | ¥3,990 million | ¥3,584 million | ↑ |
| Annual Dividend Per Share | ¥15.00 | ¥12.00 | ↑ |
Business Details
The sole reporting segment of the Ikegami Tsushinki Group. It operates the Broadcast Systems business (broadcast cameras, transmission systems, etc.) and the Industrial Systems business (security, medical, inspection equipment) both domestically and internationally. Domestically, the Company handles development, production, and sales; in North America and Latin America, Ikegami Electronics (U.S.A.) handles sales and service, while in Europe, the Middle East, and Africa, Ikegami Electronics (Europe) GmbH handles sales and service. Sales exhibit pronounced seasonality, concentrated in the fourth quarter.
Recent Overview
Recovery driven by higher sales and a sharp increase in profit; the transfer of the Shiohama Plant and reduction-entry accounting will affect extraordinary income/loss in the next fiscal year
In FY2026 (ending March 2026), net sales were ¥21,329 million (up 2.9% year on year) and operating profit was ¥407 million (up 59.9% year on year), marking a substantial recovery. Notable features included a sharp increase in sales in the second quarter, improvement in the gross margin, and a swing to positive operating cash flow (¥1,523 million) due to a decrease in inventories. Deferred tax assets were recognized, resulting in an income tax adjustment of -¥190 million, which boosted net profit. As a subsequent event, in connection with the transfer of the Shiohama Plant (Kawasaki City, Kanagawa Prefecture), the Company plans to recognize a gain on sale of fixed assets of ¥1,227 million as extraordinary income and a loss on reduction of fixed assets of ¥569 million from reduction-entry accounting as extraordinary loss in the following fiscal year. The forecast for FY2027 (ending March 2027) calls for net sales of ¥21,000 million (down 1.5% year on year) and operating profit of ¥300 million (down 26.3% year on year), reflecting the passing of large-scale projects.
Key Products
Growth Drivers
- Multiple deliveries of large-scale broadcast system projects for domestic broadcasters and the public racing market, and continued demand for relay vehicle systems
- Increase in security, helicopter transmission system, and receiving base station equipment projects for government agencies, including the Ministry of Defense
- Substantial increase in broadcast camera sales in North America (¥980 million, up 62% year on year) and expansion of large-scale projects with new OEM customers for medical cameras
- Expansion of market share in non-broadcaster markets through sales promotion of the IP extension unit "IPX-100" and the 4K/HD camera "UHL-X40"
- Expansion of market share for tablet inspection and printing equipment in the pharmaceutical market, and expansion of sales of flat-surface and powder inspection equipment for the industrial market
- Effective utilization of management resources and improved asset efficiency through the transfer of the Shiohama Plant, and efficiency gains through consolidation of production at the new System Center building
- Materialization of renewal projects for broadcasters and industrial customers from the next fiscal year onward
Risks
- Significant seasonal fluctuation risk from sales concentration in the fourth quarter (operating profit is forecast to decline 26.3% in FY2027 (ending March 2027) due to the passing of large-scale projects)
- Sluggish medical camera sales due to economic stagnation in the Chinese market and continued inventory adjustments by OEM customers (Asia region sales of ¥1,171 million, down 31.6% year on year)
- Slowdown in medical camera sales, mainly to microscope OEM customers in Europe, and delays in plans by new OEM customers (Europe region sales of ¥1,056 million, down 27.2% year on year)
- Impact of U.S. trade policy (tariff trends) on the management decisions and procurement costs of Chinese and European medical device manufacturers
- Impact on procurement from raw material price increases and supply constraints due to geopolitical risks such as escalating tensions in the Middle East
- Recognition of a ¥569 million loss on reduction of fixed assets as extraordinary loss in the following fiscal year (planned for December 2026) in connection with the transfer of the Shiohama Plant, and a forecast substantial decline in ordinary profit (¥100 million, down 72.1% year on year)
- Upward pressure on selling, general and administrative expenses from increased R&D spending aimed at developing IP-compatible broadcast system products and acquiring next-generation technology
Last updated: June 25, 2026