ICOMINCORPORATED
6820・Prime Market・Electric Appliances
Japan
The core segment housing the Group's sole manufacturing base, responsible for both domestic and overseas sales
| Period | Current | Previous | Change |
|---|---|---|---|
| External customer sales | ¥21,177 million | ¥21,125 million | ↑ |
| Segment operating profit | ¥2,830 million | ¥2,998 million | ↓ |
| Segment assets | ¥70,363 million | ¥63,475 million | ↑ |
| Depreciation | ¥797 million | ¥952 million | ↓ |
| Increase in property, plant and equipment and intangible assets | ¥937 million | ¥1,626 million | ↓ |
| Intersegment internal sales (transfers) | ¥9,148 million | ¥9,921 million | ↓ |
Business Details
Comprises the Company (Icom Inc.), Wakayama Icom Co., Ltd. (manufacturing), Icom Business Solutions Inc. (domestic sales), Macro Technos Co., Ltd. (contract software development), and Comforce Corporation (wireless communication system construction and installation). This segment handles manufacturing for all Group products and, in addition to direct sales in the domestic market, also records internal transfer sales to overseas subsidiaries. It manufactures and sells Land Mobile Radio Equipment, Amateur Radio Equipment, Marine Radio Equipment, Aeronautical Radio Equipment, IP radios, and satellite radio communication equipment, supplying domestic infrastructure operators, public institutions, and private companies.
Recent Overview
Domestic sales of business-use and peripheral equipment increased, but operating profit fell 5.6% year on year due to lower internal sales and higher R&D expenses
In the Japan segment for FY2026 (ending March 2026), external customer sales rose slightly to ¥21,177 million (up 0.2% year on year). In the domestic market, an increase in bidding and system projects for Land Mobile Radio Equipment and peripheral equipment contributed to higher sales, while sales of Amateur Radio Equipment declined due to a savings-oriented consumer mindset. Internal transfer sales to overseas operations decreased to ¥9,148 million (from ¥9,921 million in the prior period), and combined with an increase in selling, general and administrative expenses driven by higher R&D spending, operating profit came in at ¥2,830 million (down 5.6% year on year). The company is working to expand stock-type business through the release of the AI-equipped intercom app ICOM CONNECT.
Key Products
Growth Drivers
- Continued expansion of replacement demand from conventional radios to IP radios and hybrid radios in domestic Land Mobile Radio Equipment, along with growth in stock-type business (line usage fee income)
- Realignment of the sales structure for government agencies and public institutions, and expanded acquisition of bidding and system projects (including peripheral equipment)
- Creation of new stock-type business (subscription-type revenue) through the AI-equipped intercom app ICOM CONNECT
- Capturing replacement demand for Marine Radio Equipment driven by coast guard project acquisitions and regulatory changes in Asia
- Differentiation through Made-in-Japan quality and technological strength, with manufacturing of all Group products consolidated at domestic facilities, and delivery of equipment to national government agencies
Risks
- Risk of a slowdown in overseas internal transfer sales (to Asia and Europe) due to US tariff policy and geopolitical risk (internal transfer sales for the fiscal year decreased 7.8% year on year to ¥9,148 million)
- Upward pressure on selling, general and administrative expenses from rising personnel costs and R&D expenses (consolidated R&D expenses for the fiscal year were ¥4,256 million, up 6.3% year on year)
- Continued weak demand for Amateur Radio Equipment due to a savings-oriented mindset in domestic personal consumption amid rising prices
- Risk of decreased yen-equivalent value of overseas internal transfer sales due to yen appreciation
- Continued impact on production planning from extended delivery times for certain key components
Last updated: July 6, 2026