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← CockpitCompetitor Analysis › 6652.T IDEC CorporationOpen in the cockpit ↗

IDEC Corporation6652.TCompetitor analysis, valuation and peers

Japan · JPY·Information Technology›Electronic Equipment/Instruments
Momentum laggard 15
Mkt cap
$534M
US dollars, full cap
Free float
85%
of shares outstanding
$/day
$3.41M
20-day average traded
Fwd P/E
10.1×
forward earnings
ROIC−WACC
+0.7 pp
WACC 6.7%
Hurdle
-5 pp
Req g minus delivered
Close · JPY¥2,991
1D-5.5%
1W-13.4%
1M-27.5%
3M-13.2%
6M-10.8%
YTD+2.4%
1Y+25.8%
ATR %4.9%
52w lowhigh29.0% off high

What IDEC does

Employees: 3,006

IDEC at a glance

Size IDEC (6652.T) is a Japan Information Technology company (Electronic Equipment/Instruments) with a market value of $534M, the 1032nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,991 on 6 Nov 2026.

Performance Over six months the shares fell 10.8%, against -26.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 17.1% over the last twelve months (peer median +8.1%); the operating margin is 10.5% (peer median 1.3%).

Valuation It trades at 10.1× forward earnings against a peer median of 21.8× (cheapest of 14).

Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -5 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 0.7 points above its cost of capital (6.7% WACC).

Relative performance

8010012011 May 202611 Aug 20266 Nov 20266652.T 90Peer median 72
Six months, rebased to 100: IDEC against the median of its 20 peers (local-currency closes).

IDEC financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥78.6B¥73.0B¥67.4B¥72.7B¥83.9B
Revenue growth—+8%-7%-13%—
Gross profit¥34.4B¥29.0B¥26.2B¥27.9B¥36.5B
EBITDA¥13.3B¥11.2B¥8.73B¥11.2B¥18.5B
Net income¥8.16B¥3.87B¥1.78B¥4.41B¥10.1B
Free cash flown/a¥3.09B¥2.39B¥3.70B¥4.42B
Capital expendituren/a¥5.38B¥10.4B¥2.57B¥2.92B
Total debt¥24.3B¥27.4B¥26.2B¥25.2B¥25.5B

Quarterly statements and history in the cockpit →

IDEC competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%-40%-20%0%3004453003496886004187232140300882002184002197685930013769296882123003542439688071002339002090BW6885390021776652.T6-month return →1-month return →
Up and to the right = strong over both horizons. IDEC is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×200×400×600×3004453003496886004187232140688212300354688071BW6885396652.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. IDEC is the large dot.

Capital: growth delivered against growth the price implies

0%+10%+20%+30%0%20%30044530034968860041872321406859692930035424396880710023390020906652.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. IDEC is the large dot.

IDEC competitors and peer comparison

How IDEC compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

IDEC against its 20 peers (data as of 6 Nov 2026)
Measure6652.TPeer medianRank in peer set
1-month return-27.5%-10.7%3rd lowest of 21
6-month return-10.8%-26.5%4th highest of 21
Distance from 52-week high-29.0%-47.9%4th highest of 21
Revenue growth (TTM)+17.1%+8.1%6th highest of 21
Operating margin10.5%1.3%6th highest of 21
Forward P/E10.1×21.8×cheapest of 14
Growth the price implies (Req g, 7 yrs)0.7%12.6%3rd least demanding of 13
Growth delivered (Del g)+6.2%+10.3%4th lowest of 13
Hurdle (Req g minus delivered)-5.5 pp+1.9 pp5th least demanding of 13
ROIC minus cost of capital+0.7 pp-4.0 pp5th highest of 20
EV / EBITDA6.6×10.3×3rd cheapest of 8
Net debt / EBITDA0.3×-1.0×4th most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
IDEC 6652.TJapan$534M-11%+17%10%10.1×0.7%+6.2%
Beijing ConST Instruments Technology 300445.SZChina$536M-23%+7%19%21.8×9.4%+15.5%
Goldcard Smart 300349.SZChina$531M-33%-5%4%18.0×2.9%+10.8%
Anhui Wanyi Science And Technology Co. Ltd. Class 1 688600.SSChina$522M-11%+4%5%33.4×34.5%+11.2%
Osaka Organic Chemical Industry 4187.TJapan$518M-21%+18%22%11.8×6.9%+4.8%
YC Corporation 232140.KSSouth Korea$558M-57%+26%11%22.7×17.9%+9.7%
Zhejiang Wellsun Intelligent Technology 300882.SZChina$510M-35%+13%-1%n/an/an/a
Shanghai Hi-Tech Control System 002184.SZChina$507M-16%-16%-3%n/an/an/a
SZZT Electronics 002197.SZChina$506M-32%+25%-17%n/an/an/a
Espec 6859.TJapan$504M+7%+9%10%12.5×7.1%+12.6%
Hebei Sailhero Environmental Protection High-Tech 300137.SZChina$569M-56%-17%-13%n/an/an/a
Nippon Ceramic 6929.TJapan$501M-14%+3%23%12.7×-4.5%+9.8%
Shanghai Aohua Photoelectricity Endoscope 688212.SSChina$572M-19%+21%-4%647.1×n/an/a
Donghua Testing Technology 300354.SZChina$574M-23%-7%18%35.0×22.6%+20.9%
Merry Electronics 2439.TWTaiwan$493M-26%+9%2%17.9×-5.0%+6.2%
Shanghai W-Ibeda High Tech.Group 688071.SSChina$586M+39%+10%-6%87.0×25.1%+11.0%
Integrated Electronic Systems Lab Co 002339.SZChina$486M-34%+11%-2%n/a15.8%+8.2%
Wiscom System 002090.SZChina$485M-27%-4%1%n/a34.3%-3.4%
Babcock & Wilcox Enterprises BWUnited States$484M-78%+40%4%12.2×n/an/a
NanJing GOVA Technology 688539.SSChina$589M-43%-9%-18%49.1×n/an/a
Guangzhou KingTeller Technology 002177.SZChina$590M-31%-9%-17%n/an/an/a

Questions

Which companies are IDEC's closest peers?
The cockpit's peer set: Beijing ConST Instruments Technology (300445.SZ), Goldcard Smart (300349.SZ), Anhui Wanyi Science And Technology Co. Ltd. Class 1 (688600.SS), Osaka Organic Chemical Industry (4187.T), YC Corporation (232140.KS), Zhejiang Wellsun Intelligent Technology (300882.SZ), Shanghai Hi-Tech Control System (002184.SZ), SZZT Electronics (002197.SZ).
Is IDEC expensive compared with its peers?
On forward p/e it trades at 10.1× against a peer median of 21.8×, cheapest of 14 in its peer set. For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -5 pp: the price already allows for a slowdown.
How has IDEC stock performed?
Over six months to 6 Nov 2026 the shares returned -10.8% against -26.5% for the median peer; over one year +25.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.