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Elecom Co
(6750)
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Rating:83Outperform
Price Target:
¥2,246.00
▲(26.96% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial fundamentals—especially an exceptionally conservative balance sheet and improving ROE—combined with very attractive valuation (low P/E and solid dividend yield). Technicals add support with a clear uptrend across moving averages and positive MACD, while the key risk factor tempering the score is uneven cash conversion versus reported earnings.
Positive Factors
Conservative balance sheet
Extremely low debt and rising equity provide durable financial flexibility, lowering refinancing and solvency risk. This conservatism supports capital allocation for product development, inventory investment, and cyclical downturns without relying on external financing, strengthening long-term resilience.
Negative Factors
Sharp FCF decline in 2026
A large year-over-year FCF drop signals material cash conversion risk from working-capital swings or timing. This reduces internal funding buffer, may constrain discretionary investments or dividends, and raises sensitivity to inventory or receivable management over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low debt and rising equity provide durable financial flexibility, lowering refinancing and solvency risk. This conservatism supports capital allocation for product development, inventory investment, and cyclical downturns without relying on external financing, strengthening long-term resilience.
Read all positive factors
Elecom Co (6750) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥176.76B
Dividend Yield2.5%
Average Volume (3M)170.95K
Price to Earnings (P/E)7.2
Beta (1Y)0.32
Revenue Growth15.44%
EPS Growth115.43%
CountryJP
Employees2,077
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)271.11
Shares Outstanding92,221,420
10 Day Avg. Volume128,590
30 Day Avg. Volume170,950
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.15
Price to Sales (P/S)0.94
P/FCF Ratio22.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)147.65
Revenue Forecast (FY)¥146.04B
Elecom Co Business Overview & Revenue Model
Company Description
Elecom Co., Ltd. operates globally, specializing in the production and distribution of a broad spectrum of computing and digital electronics. The company's product portfolio encompasses computer peripherals, input/output devices, and various PC ac...
How the Company Makes Money
Elecom primarily makes money by designing, sourcing/manufacturing, marketing, and selling branded computer and digital-device peripherals and accessories. Revenue is generated mainly from product sales across categories such as (i) PC peripherals ...
Elecom Co Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 137.41B | 132.13B | 118.01B | 110.17B | 103.73B | 107.36B |
| Gross Profit | 54.27B | 52.36B | 46.19B | 42.57B | 38.34B | 39.71B |
| EBITDA | 20.40B | 28.49B | 16.78B | 16.77B | 14.21B | 16.11B |
| Net Income | 21.27B | 20.19B | 9.30B | 9.98B | 8.13B | 10.40B |
Balance Sheet | ||||||
| Total Assets | 146.76B | 145.21B | 114.74B | 117.37B | 108.36B | 112.27B |
| Cash, Cash Equivalents and Short-Term Investments | 64.12B | 70.88B | 54.92B | 52.35B | 55.11B | 54.46B |
| Total Debt | 1.24B | 500.00M | 543.00M | 523.00M | 500.00M | 500.00M |
| Total Liabilities | 36.68B | 37.02B | 32.05B | 30.92B | 27.16B | 30.86B |
| Stockholders Equity | 109.62B | 108.18B | 82.68B | 86.43B | 81.19B | 81.38B |
Cash Flow | ||||||
| Free Cash Flow | 5.98B | 5.43B | 14.10B | 7.32B | 2.97B | 6.73B |
| Operating Cash Flow | 10.39B | 9.88B | 17.35B | 9.67B | 9.16B | 9.66B |
| Investing Cash Flow | 3.53B | -3.08B | -4.42B | -2.43B | -7.11B | -5.66B |
| Financing Cash Flow | -4.46B | -3.79B | -10.64B | -8.17B | -3.25B | -14.13B |
Elecom Co Technical Analysis
Positive
1769.00
Price Trends
1842.60
Positive
1753.53
Positive
1725.72
Positive
Market Momentum
33.93
Negative
56.05
Neutral
75.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6750, the sentiment is Positive. The current price of 1769 is below the 20-day moving average (MA) of 1908.70, below the 50-day MA of 1842.60, and above the 200-day MA of 1725.72, indicating a bullish trend. The MACD of 33.93 indicates Negative momentum. The RSI at 56.05 is Neutral, neither overbought nor oversold. The STOCH value of 75.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6750.
Elecom Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥176.76B | 7.24 | 21.39% | 2.84% | 15.44% | 115.43% | |
79 Outperform | ¥106.99B | 11.01 | 28.02% | 4.06% | -2.58% | 145.63% | |
75 Outperform | ¥125.21B | 15.08 | ― | 4.76% | 5.48% | 127.51% | |
72 Outperform | ¥71.11B | 9.32 | ― | 2.03% | -19.05% | 27.06% | |
71 Outperform | ¥4.48T | 11.88 | ― | 3.37% | 3.26% | 121.86% | |
62 Neutral | ¥1.00T | 40.92 | 2.19% | 2.39% | 8.34% | -41.57% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:6750
Elecom Co
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192.72
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Elecom Co Corporate Events
Elecom Delivers Strong Q1 Earnings but Sticks to Cautious Full-Year Outlook
Aug 13, 2026
Elecom Co. reported strong consolidated results for the first quarter ended June 30, 2026, with net sales up 18.4% to ¥33.9 billion and profit attributable to owners of parent jumping 57.5% to ¥3.0 billion. Earnings per share rose to ...
Elecom Marks 40th Anniversary With New Employee Restricted Stock Plan
Jul 22, 2026
Elecom is launching a restricted stock program through its Employee Shareholding Association to commemorate its 40th anniversary and deepen employee alignment with corporate value. The plan covers domestic group employees who opt in and is structu...
Elecom Uses Restricted Treasury Stock to Align Executive Pay With Shareholder Value
Jul 22, 2026
Elecom Co., Ltd. has approved the disposal of 15,200 shares of its treasury stock as restricted stock compensation to four internal directors, four executive officers and four subsidiary directors, at a price of ¥1,830 per share for a total o...
Elecom to Merge DX Antenna and Nippon Antenna into New Nippon DX Antenna Unit
Jun 22, 2026
Elecom Co., Ltd. will merge its wholly owned subsidiaries DX Antenna Co., Ltd. and Nippon Antenna Co., Ltd. in an absorption-type structure effective October 1, 2026, with DX Antenna as the surviving entity. Following the merger, the surviving com...
Elecom to Receive ¥5.3 Billion Dividend from DX Antenna Subsidiary
Jun 18, 2026
Elecom Co., Ltd. announced it will receive a dividend of JPY 5.3 billion from its consolidated subsidiary DX Antenna Co., Ltd., following a resolution dated June 18, 2026, with payment scheduled for June 30, 2026. The move underscores Elecom’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.