ELECOM KK

6750

Equity

ISIN JP3168200008 / Valor 1279536

Tokyo Stock Exchange (2024-09-18)

JPY 1,427.00+0.63%

ELECOM KK
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About company

ELECOM Co., Ltd., established in 1986 by Junji Hada in Osaka, Japan, is a prominent electronics company specializing in a wide range of consumer and office electronics. The company has achieved significant market share in Japan, particularly in mobile phone audio accessories, battery chargers, smartphone cases, screen protectors, and tablet accessories since 2017. ELECOM's product portfolio includes computer peripherals, gaming accessories, computer memory, USB flash drives, keyboards, and office furniture designed for electronic use. The company has a global presence with offices in countries such as South Korea, the Philippines, the United States, The Netherlands, Germany, and China. Notably, ELECOM's innovative designs, such as the oval mouse introduced in 1988, have set industry standards. The company has adapted to market changes, such as the increased demand for webcams and microphones during the COVID-19 pandemic, while also experiencing shifts in product focus due to fluctuating demand for items like computer stands.

Summarized from source with an LLMView SourceSector: Technology

Revenue Performance

In the second quarter of 2023, ELECOM KK reported a significant increase in revenue, demonstrating a robust growth trajectory in their business operations. This performance underscores the company's successful expansion strategies and strong market demand for their products.

Net Income Highlights

ELECOM KK's net income for the second quarter of 2023 saw a remarkable rise compared to the same period last year. This increase is attributed to enhanced operational efficiency and cost management, which have positively impacted the bottom line.

Dividend Announcement

Reflecting confidence in their financial health, ELECOM KK announced an increased dividend for the second quarter of 2023. This decision is in line with the company's policy of delivering consistent shareholder value and reflects its strong earnings performance.

Earnings Per Share

ELECOM KK reported a significant improvement in earnings per share (EPS) in the second quarter of 2023, which can be attributed to higher profitability and effective share capital management strategies implemented by the company.

Future Financial Outlook

Looking ahead, ELECOM KK provided a positive financial outlook for the upcoming quarters of 2023. The company expects continued revenue growth driven by new product launches and expansion into new markets, which are anticipated to contribute significantly to overall performance.

Summarized from source with an LLMView Source

Key figures

-21.1%1Y

-24.0%3Y

-29.6%5Y

Performance

28.2%1Y

27.9%3Y

29.4%5Y

Volatility