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Employees: 1,063
Size Icom (6820.T) is a Japan Information Technology company (Telecommunications Equipment) with a market value of $319M, the 1329th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,505 on 6 Nov 2026.
Performance Over six months the shares gained 15.9%, against -28.3% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 4.5% over the last twelve months (peer median +2.9%); the operating margin is 8.7% (peer median -5.0%).
Valuation It trades at 17.5× forward earnings against a peer median of 17.8× (4th cheapest of 7).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.0 points above its cost of capital (5.2% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥38.5B | ¥37.0B | ¥37.5B | ¥37.1B | ¥34.2B |
| Revenue growth | — | -1% | +1% | +9% | — |
| Gross profit | ¥16.8B | ¥16.0B | ¥16.4B | ¥15.8B | ¥14.1B |
| EBITDA | ¥4.36B | ¥3.87B | ¥4.82B | ¥4.58B | ¥3.71B |
| Net income | ¥3.10B | ¥2.67B | ¥2.95B | ¥3.46B | ¥2.57B |
| Free cash flow | n/a | ¥1.81B | ¥945M | ¥615M | ¥2.94B |
| Capital expenditure | n/a | ¥1.33B | ¥1.97B | ¥1.99B | ¥726M |
| Total debt | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
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.
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.
| Measure | 6820.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.6% | -14.4% | highest of 21 |
| 6-month return | +15.9% | -28.3% | highest of 21 |
| Distance from 52-week high | -8.6% | -49.6% | highest of 21 |
| Revenue growth (TTM) | +4.5% | +2.9% | 10th highest of 21 |
| Operating margin | 8.7% | -5.0% | 5th highest of 21 |
| Forward P/E | 17.5× | 17.8× | 4th cheapest of 7 |
| Growth the price implies (Req g, 7 yrs) | -11.1% | 29.0% | least demanding of 12 |
| Growth delivered (Del g) | +5.8% | +6.4% | 6th lowest of 12 |
| Hurdle (Req g minus delivered) | -16.8 pp | +14.3 pp | 4th least demanding of 12 |
| ROIC minus cost of capital | +0.0 pp | -10.8 pp | 6th highest of 21 |
| EV / EBITDA | 4.8× | 10.4× | 3rd cheapest of 8 |
| Net debt / EBITDA | -6.7× | -4.5× | 4th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Icom 6820.T | Japan | $319M | +16% | +5% | 9% | 17.5× | -11.1% | +5.8% |
| Beilong Precision Technology 301567.SZ | China | $320M | -29% | +2% | -9% | n/a | n/a | n/a |
| Gospell Digital Technology 002848.SZ | China | $322M | -18% | +332% | -6% | n/a | n/a | n/a |
| Intellian Technologies 189300.KS | South Korea | $329M | -67% | +41% | 8% | 11.5× | n/a | n/a |
| Addvalue Technologies A31.SI | Singapore | $306M | -25% | +54% | 20% | 46.6× | 30.3% | +54.3% |
| Lootom Telcovideo Network (Wuxi) 300555.SZ | China | $337M | -17% | -17% | -75% | n/a | n/a | n/a |
| Grand Kangxi Communication Technologies (Shanghai) 688653.SS | China | $300M | -18% | +22% | 4% | n/a | 29.5% | +53.1% |
| Beijing InHand Networks Technology 688080.SS | China | $346M | -31% | +6% | 19% | 11.7× | 4.0% | +20.2% |
| 3onedata 688618.SS | China | $349M | -41% | -9% | -4% | 7.4× | 32.4% | +11.3% |
| Fullink Technology 301067.SZ | China | $352M | -26% | -26% | -15% | n/a | n/a | n/a |
| Comba Telecom Systems 2342.HK | Hong Kong | $352M | -44% | +4% | 5% | n/a | -7.5% | -2.0% |
| Hangzhou Prevail Optoelectronic Equipment 300710.SZ | China | $352M | -28% | -15% | -19% | n/a | 58.6% | -12.0% |
| Beijing Hanbang Technology 300449.SZ | China | $353M | -19% | -11% | -40% | n/a | 29.0% | -17.4% |
| Zhuhai Raysharp Technology 301042.SZ | China | $357M | -68% | -1% | 6% | n/a | n/a | n/a |
| AVIT 300264.SZ | China | $361M | -40% | -63% | -68% | n/a | n/a | n/a |
| Toa 6809.T | Japan | $362M | -5% | +12% | 10% | n/a | -10.6% | +6.4% |
| Zinwell 2485.TW | Taiwan | $280M | -58% | +75% | -14% | n/a | n/a | n/a |
| Joyware Electronics 300270.SZ | China | $376M | -38% | +66% | -7% | n/a | 10.1% | -4.2% |
| Hillstone Networks 688030.SS | China | $386M | -14% | -8% | -16% | 23.8× | n/a | n/a |
| Clearfield CLFD | United States | $389M | -28% | -27% | 2% | 48.5× | 42.9% | +10.0% |
| Nanjing Huamai Technology 603042.SS | China | $389M | -21% | +7% | 10% | n/a | 10.2% | -6.7% |