Annuncio • Nov 25
Elecom Co., Ltd. (TSE:6750) completed the acquisition of Nippon Antenna Co.,Ltd. (TSE:6930) from a group of shareholders. Elecom Co., Ltd. (TSE:6750) entered into non-binding Memorandum of Understanding to acquire Nippon Antenna Co.,Ltd. (TSE:6930) from a group of shareholders for ¥7.8 billion on April 25, 2024. Elecom Co., Ltd. (TSE:6750) entered into agreement to acquire Nippon Antenna Co.,Ltd. (TSE:6930) from a group of shareholders on August 21, 2025. The transaction is expected to complete on October-November 2024. As of October 25, 2024, Elecom and Nippon Antenna have decided to change the schedule and continue discussions and deliberations with the goal of concluding the Share Exchange Agreement in February or March 2025, taking into consideration the time required for the review of business combination by the Japan Fair Trade Commission. And after proceeding with the procedures to obtain the necessary clearances, permits and the like required under the competition law in Japan, other laws, regulations and approvals, and conducting due diligence, followed by discussions with Nippon Antenna to conclude a legally binding Share Exchange Agreement. In the event that Elecom and Nippon Antenna decide to enter into the Share Exchange Agreement, the details of the agreement will be disclosed, and in the event that the Share Exchange Agreement is not entered into by March 2025, the progress will be announced again. As of March 25, 2025, the parties have decided to set a new target of concluding the share exchange agreement in August or September 2025.
DC Advisory Japan acted as financial advisor and Oh-Ebashi LPC & Partners acted as legal advisor to Elecom Co., Ltd whereas Ozawa & Akiyama acted as legal advisor to Nippon Antenna Co.,Ltd.
Elecom Co., Ltd. (TSE:6750) completed the acquisition of Nippon Antenna Co.,Ltd. (TSE:6930) from a group of shareholders on November 25, 2025. Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥39.70 (vs JP¥27.71 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥39.70 (up from JP¥27.71 loss in 2Q 2025). Revenue: JP¥3.38b (up 31% from 2Q 2025). Net income: JP¥426.0m (up JP¥716.0m from 2Q 2025). Profit margin: 13% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 01
Nippon Antenna Co.,Ltd. to Report Q2, 2026 Results on Nov 13, 2025 Nippon Antenna Co.,Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,000, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 12x in the Communications industry in Japan. Total returns to shareholders of 84% over the past three years. Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥48.42 (vs JP¥34.91 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥48.42 (up from JP¥34.91 loss in 1Q 2025). Revenue: JP¥2.81b (up 37% from 1Q 2025). Net income: JP¥518.0m (up JP¥883.0m from 1Q 2025). Profit margin: 18% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 18
Nippon Antenna Co.,Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Nippon Antenna Co.,Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥344 (vs JP¥278 loss in FY 2024) Full year 2025 results: EPS: JP¥344 (up from JP¥278 loss in FY 2024). Revenue: JP¥10.7b (down 6.1% from FY 2024). Net income: JP¥3.62b (up JP¥6.53b from FY 2024). Profit margin: 34% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥690, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 11x in the Communications industry in Japan. Total returns to shareholders of 12% over the past three years. Annuncio • May 15
Nippon Antenna Co.,Ltd., Annual General Meeting, Jun 27, 2025 Nippon Antenna Co.,Ltd., Annual General Meeting, Jun 27, 2025. Annuncio • Mar 01
Nippon Antenna Co.,Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Nippon Antenna Co.,Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥360 (vs JP¥26.70 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥360 (up from JP¥26.70 loss in 3Q 2024). Revenue: JP¥2.74b (down 5.2% from 3Q 2024). Net income: JP¥3.79b (up JP¥4.07b from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annuncio • Dec 03
Nippon Antenna Co.,Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Nippon Antenna Co.,Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 20
Second quarter 2025 earnings released: JP¥27.71 loss per share (vs JP¥55.55 loss in 2Q 2024) Second quarter 2025 results: JP¥27.71 loss per share (improved from JP¥55.55 loss in 2Q 2024). Revenue: JP¥2.59b (down 1.2% from 2Q 2024). Net loss: JP¥290.0m (loss narrowed 50% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Annuncio • Aug 31
Nippon Antenna Co.,Ltd. to Report Q2, 2025 Results on Nov 13, 2024 Nippon Antenna Co.,Ltd. announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: JP¥34.91 loss per share (vs JP¥67.46 loss in 1Q 2024) First quarter 2025 results: JP¥34.91 loss per share (improved from JP¥67.46 loss in 1Q 2024). Revenue: JP¥2.06b (down 21% from 1Q 2024). Net loss: JP¥365.0m (loss narrowed 48% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 21
Full year 2024 earnings released: JP¥278 loss per share (vs JP¥179 loss in FY 2023) Full year 2024 results: JP¥278 loss per share (further deteriorated from JP¥179 loss in FY 2023). Revenue: JP¥11.4b (down 5.7% from FY 2023). Net loss: JP¥2.91b (loss widened 56% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Annuncio • May 17
Nippon Antenna Co.,Ltd., Annual General Meeting, Jun 27, 2024 Nippon Antenna Co.,Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). Annuncio • Mar 02
Nippon Antenna Co.,Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Nippon Antenna Co.,Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 16
Third quarter 2024 earnings released: JP¥26.70 loss per share (vs JP¥57.53 loss in 3Q 2023) Third quarter 2024 results: JP¥26.70 loss per share (improved from JP¥57.53 loss in 3Q 2023). Revenue: JP¥2.89b (down 4.7% from 3Q 2023). Net loss: JP¥279.0m (loss narrowed 54% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Annuncio • Nov 30
Nippon Antenna Co.,Ltd. to Report Q3, 2024 Results on Feb 13, 2024 Nippon Antenna Co.,Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: JP¥55.55 loss per share (vs JP¥18.23 loss in 2Q 2023) Second quarter 2024 results: JP¥55.55 loss per share (further deteriorated from JP¥18.23 loss in 2Q 2023). Revenue: JP¥2.62b (down 12% from 2Q 2023). Net loss: JP¥580.0m (loss widened 205% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Annuncio • Aug 30
Nippon Antenna Co.,Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Nippon Antenna Co.,Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 11
First quarter 2024 earnings released: JP¥67.46 loss per share (vs JP¥57.12 loss in 1Q 2023) First quarter 2024 results: JP¥67.46 loss per share (further deteriorated from JP¥57.12 loss in 1Q 2023). Revenue: JP¥2.59b (flat on 1Q 2023). Net loss: JP¥704.0m (loss widened 19% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Annuncio • Jun 02
Nippon Antenna Co.,Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Nippon Antenna Co.,Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 21
Full year 2023 earnings released: JP¥179 loss per share (vs JP¥170 loss in FY 2022) Full year 2023 results: JP¥179 loss per share (further deteriorated from JP¥170 loss in FY 2022). Revenue: JP¥12.1b (down 4.3% from FY 2022). Net loss: JP¥1.86b (loss widened 5.4% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 15
Third quarter 2023 earnings released: JP¥57.53 loss per share (vs JP¥28.99 loss in 3Q 2022) Third quarter 2023 results: JP¥57.53 loss per share (further deteriorated from JP¥28.99 loss in 3Q 2022). Revenue: JP¥3.03b (flat on 3Q 2022). Net loss: JP¥600.0m (loss widened 99% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Annuncio • Nov 27
Nippon Antenna Co.,Ltd. to Report Q3, 2023 Results on Feb 13, 2023 Nippon Antenna Co.,Ltd. announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: JP¥18.23 loss per share (vs JP¥0.58 loss in 2Q 2022) Second quarter 2023 results: JP¥18.23 loss per share (further deteriorated from JP¥0.58 loss in 2Q 2022). Revenue: JP¥2.98b (down 14% from 2Q 2022). Net loss: JP¥190.0m (loss widened JP¥184.0m from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Katsumi Kurihara was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: JP¥18.23 loss per share (vs JP¥0.58 loss in 2Q 2022) Second quarter 2023 results: JP¥18.23 loss per share (further deteriorated from JP¥0.58 loss in 2Q 2022). Revenue: JP¥2.98b (down 14% from 2Q 2022). Net loss: JP¥190.0m (loss widened JP¥184.0m from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Annuncio • Aug 28
Nippon Antenna Co.,Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Nippon Antenna Co.,Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: JP¥57.12 loss per share (vs JP¥41.12 loss in 1Q 2022) First quarter 2023 results: JP¥57.12 loss per share (down from JP¥41.12 loss in 1Q 2022). Revenue: JP¥2.59b (down 9.2% from 1Q 2022). Net loss: JP¥594.0m (loss widened 39% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Annuncio • Jun 25
Nippon Antenna Co.,Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Nippon Antenna Co.,Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • Jun 01
Full year 2022 earnings released: JP¥170 loss per share (vs JP¥7.33 loss in FY 2021) Full year 2022 results: JP¥170 loss per share (down from JP¥7.33 loss in FY 2021). Revenue: JP¥12.6b (down 18% from FY 2021). Net loss: JP¥1.77b (loss widened JP¥1.69b from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Annuncio • Jun 01
Nippon Antenna Co.,Ltd., Annual General Meeting, Jun 29, 2022 Nippon Antenna Co.,Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Katsumi Kurihara was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 08
Nippon Antenna Co.,Ltd. to Report Fiscal Year 2022 Results on May 16, 2022 Nippon Antenna Co.,Ltd. announced that they will report fiscal year 2022 results on May 16, 2022 Buying Opportunity • Mar 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be JP¥891, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.9%). Buying Opportunity • Mar 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be JP¥905, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% per annum over the last 3 years. The company became loss making over the last year. Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥28.99 loss per share (down from JP¥20.79 profit in 3Q 2021). Revenue: JP¥3.04b (down 26% from 3Q 2021). Net loss: JP¥301.0m (down 234% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 05
Second quarter 2022 earnings released: JP¥0.58 loss per share (vs JP¥9.02 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥3.46b (down 11% from 2Q 2021). Net loss: JP¥6.00m (down 106% from profit in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
Full year 2021 earnings released: JP¥7.33 loss per share (vs JP¥45.28 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥15.3b (down 7.5% from FY 2020). Net loss: JP¥79.0m (down 116% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Annuncio • Mar 04
Nippon Antenna Co.,Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Nippon Antenna Co.,Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 19
New 90-day low: JP¥984 The company is down 5.0% from its price of JP¥1,035 on 20 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 1.0% over the same period. Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥20.79 (vs JP¥9.66 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥4.10b (up 2.7% from 3Q 2020). Net income: JP¥224.0m (up 111% from 3Q 2020). Profit margin: 5.5% (up from 2.7% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annuncio • Dec 27
Nippon Antenna Co.,Ltd. to Report Q3, 2021 Results on Feb 02, 2021 Nippon Antenna Co.,Ltd. announced that they will report Q3, 2021 results on Feb 02, 2021 Is New 90 Day High Low • Nov 04
New 90-day high: JP¥1,045 The company is up 14% from its price of JP¥917 on 06 August 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 4.0% over the same period. Reported Earnings • Nov 04
Second quarter 2021 earnings released: EPS JP¥9.02 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥3.90b (down 7.3% from 2Q 2020). Net income: JP¥99.0m (up 136% from 2Q 2020). Profit margin: 2.5% (up from 1.0% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 16
New 90-day high: JP¥1,020 The company is up 9.0% from its price of JP¥940 on 17 July 2020. The Japanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 3.0% over the same period. Annuncio • Sep 17
Nippon Antenna Co.,Ltd. (JASDAQ : 6930) agreed to acquire a 100% stake in Suzhou Aeon Tech Co., Ltd. from Wha Yu Industrial Co., Ltd. (TSEC : 3419) for CNY 94 million. Nippon Antenna Co.,Ltd. (JASDAQ : 6930) agreed to acquire a 100% stake in Suzhou Aeon Tech Co., Ltd. from Wha Yu Industrial Co., Ltd. (TSEC : 3419) for CNY 94 million on May 11, 2020. Kei Otabe of Frontier Management Inc. acted as a financial advisor for Nippon Antenna Co.,Ltd. Annuncio • Sep 03
Nippon Antenna Co.,Ltd. to Report Q2, 2021 Results on Nov 02, 2020 Nippon Antenna Co.,Ltd. announced that they will report Q2, 2021 results on Nov 02, 2020 Annuncio • Jul 05
Nippon Antenna Co.,Ltd. to Report Q1, 2021 Results on Aug 04, 2020 Nippon Antenna Co.,Ltd. announced that they will report Q1, 2021 results on Aug 04, 2020