Overview
Electric Appliances

ICOM INCORPORATED

Icom Inc. is a Japanese manufacturer and seller of wireless communication equipment, with product lines spanning land mobile radios, amateur (ham) radios, marine radios, and other wireless devices, as well as network and information communication equipment. The company serves both corporate and individual customers across professional, hobbyist, and maritime markets. Icom is recognized globally as a leading transceiver brand, with a strong emphasis on product quality and counterfeit prevention.

Market Cap
¥52.0B
US$331M
EV
¥10.1B
US$64.4M
Stock¥3,625▼-0.41%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
2.3
x
LTM EV/EBIT
3.0
x
LTM PER
16.8
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-0.5%pt
1001
Oct 23, 25 – Oct 23, 26StockTOPIX
1May 22, 26Kaname Capital, L.P. filed large shareholding report
MC → EV Bridge
52.0BUS$331MMarket Cap0.00BUS$0.00M+ Debt29.0BUS$185M− Cash12.9BUS$82.1M− Inv. Sec.10.1BUS$64.4MEV
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Performance & Balance
Revenue 5Y (¥B)
28.3US$180M'22/334.2US$218M'23/337.1US$236M'24/337.5US$239M'25/337.0US$235M'26/3
EBITDA 5Y (¥B)
2.07US$13.2M'22/33.71US$23.6M'23/34.58US$29.2M'24/34.82US$30.7M'25/33.87US$24.7M'26/3
Net Income 5Y (¥B)
1.09US$6.96M'22/32.57US$16.4M'23/33.46US$22.0M'24/32.95US$18.8M'25/32.67US$17.0M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
32.5US$207M'22/335.7US$227M'23/336.0US$229M'24/335.5US$226M'25/338.8US$247M'26/3
Shareholders
Top 10 hold 57.7%
1
Tokuzo INOUE
14.28%
2
Giga Palace Co., Ltd.
10.26%
3
Icom Electronic and Communication Engineering Promotion Foundation
6.97%
4
㈱UH Partners 2
6.21%
5
HIKARI TSUSHIN,INC.
4.77%
6
The Master Trust Bank of Japan, Ltd. (Trust Account)
4.40%
7
JVCKENWOOD Corporation
3.10%
8
IVY Investment Limited Partnership
2.61%
9
Japan Securities Finance Co.,Ltd.
2.58%
10
Sumitomo Realty & Development Co.,Ltd.
2.49%
Management
9 officers
Hiroshi NAKAOKA
Representative Director, President
Apr 1984 Jul 1999 Jun 2006 Jun 2008 Apr 2019 Joined Icom Inc. Representative Director, Icom America, Inc. Director, Executive Officer, General Manager of Overseas Sales Division Jun 2021 Representative Director, President (current)
1961-05-27
Yoshiki ENOMOTO
Director
Apr 1985 Joined Icom Inc. Apr 1985 Sales Division Apr 1991 Accounting Division, Cost Control Section Apr 1999 Accounting Division, Accounting Section Manager Apr 2007 General Manager of Accounting Division Jun 2015 Executive Officer, General Manager of Accounting Division Jun 2024 Director, General Manager of Accounting Division Apr 2026 Director, General Manager of Accounting Division (current)
1961-05-16
Kenichi NODA
Director, General Manager of Domestic Sales Division
Apr 1993 Joined Icom Inc. Apr 2010 Osaka Sales Office Manager Apr 2014 Sales Section Manager, Domestic Sales Division, concurrently Osaka Sales Office Manager Apr 2015 Tokyo Sales Office Manager Apr 2017 General Manager of Domestic Sales Division Jun 2018 Executive Officer, General Manager of Domestic Sales Division Jun 2026 Director, General Manager of Domestic Sales Division (current)
1969-12-11
Akifumi HONDA
Director
Apr 2008 Retired from SANYO Electric Co., Ltd.; Senior Managing Executive Officer, Elmo Co., Ltd. Jan 2010 Representative Director, President, Elmo Solution Sales Co., Ltd. Jun 2012 Vice Chairman, Director, Elmo Co., Ltd. Jun 2014 Representative Director, President, SOA Solutions Co., Ltd. Jun 2018 Director of Icom Inc. (current) Jun 2024 Representative Director, Chairman, SOA Solutions Co., Ltd. (current)
1948-03-25
Takayuki SETO
Full-time Corporate Auditor
Apr 1983 Joined Icom Inc. Apr 2001 Section Manager, Purchasing Department Oct 2010 Section Manager, Purchasing Department Feb 2012 Section Manager, Production Control Department Jun 2014 Head of Internal Audit Office Apr 2019 Chief Representative, Hong Kong Representative Office Jun 2021 Full-time Corporate Auditor (current)
1962-05-14
Hiroshi UMEMOTO
Corporate Auditor
Apr 1976 Registered as Attorney-at-Law Jun 2000 Corporate Auditor of Icom Inc. (current) Jan 2003 Senior Partner, Eiko Law Corporation (current)
1941-09-05
Katsunori SUGIMOTO
Corporate Auditor
Nov 1972 Registered as Patent Attorney Apr 1985 Principal, Sugimoto Patent Office (current) Apr 1995 Vice President, Japan Patent Attorneys Association Apr 2002 Chief, Kinki Branch, Japan Patent Attorneys Association Jun 2003 Corporate Auditor of Icom Inc. (current)
1941-04-24
Haruyuki YOSHIZAWA
Director
Nov 1992 Founded Meguro Dempa Sokki Co., Ltd. Oct 2011 Representative Director, Meguro Dempa Sokki Co., Ltd. Mar 2013 Chairman of the Board, Meguro Dempa Sokki Co., Ltd. Jun 2014 Retired as Chairman, Meguro Dempa Sokki Co., Ltd. Director of Icom Inc. (current)
1949-03-12
Yoko MURAKAMI
Director
Apr 2004 Registered as Certified Tax Accountant Jun 2004 Principal, Yoko Murakami Tax Accountant Office (current) Jun 2020 Director of Icom Inc. (current)
1959-07-21
Large Shareholding Reports
UH Partners 2 Co., Ltd.
2026-09-28
6.00%→6.00%
Kaname Capital, L.P.
2026-05-22
5.01%
UH Partners 2 Co., Ltd.
2025-12-23
6.00%→6.00%
UH Partners 2 Co., Ltd.
2025-10-02
6.77%→6.00%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-28
Large Shareholding Report
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINETAmended
2026-07-06
Amended Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-22
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-23
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-02
Large Shareholding Report
TDnet
2025-08-12
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-13
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-27
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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