Nippon Avionics Co., Ltd.

6946・Standard Market・Electric Appliances

Official website

Nippon Avionics Co., Ltd.

6946・Standard Market・Electric Appliances

Official website

Nippon Avionics Co., Ltd.6946

Reference Indicators

Market Cap

802¥100M

P/E (Forecast)

16.8x

P/B

4.4x

Dividend Yield (Forecast)

0.31%

ROE

25.4%

EV/EBITDA

15.0x

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	19,230	17,754	18,055	20,122	29,194
Cost of Sales	13,188	12,010	12,330	13,484	19,681
Gross Profit	6,042	5,743	5,724	6,637	9,512
SG&A Expenses	4,191	3,792	3,546	3,841	3,997
Operating Income	1,850	1,951	2,178	2,796	5,515
Non-operating Income	15	9	12	16	16
Non-operating Expenses	60	36	38	101	172
Ordinary Income	1,805	1,925	2,152	2,711	5,358
Extraordinary Income	—	83	—	—	—
Extraordinary Losses	24	5	0	0	9
Pre-tax Income	1,781	2,003	2,152	2,710	5,349
Income Taxes	156	182	3	746	1,529
Net Income	1,625	1,820	2,149	1,964	3,820
EBITDA	2,100	2,168	2,465	3,274	5,994
Gross Margin	31.4%	32.3%	31.7%	33.0%	32.6%
Operating Margin	9.6%	11.0%	12.1%	13.9%	18.9%
ROA	7.0%	7.6%	7.8%	7.3%	10.6%
ROE	15.4%	15.9%	16.2%	13.9%	25.4%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
情報システム	23,858	5,096	21.4%
電子機器	5,335	419	7.9%