Announcement • 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. 
