Icom lowers interim forecast amid weak demand and patent settlement

Icom Incorporated announced a downward revision to its consolidated earnings forecast for the second quarter ending September 30, 2025. Net sales are now projected at JPY 17,010 million, down 7.6% from the previous forecast of JPY 18,400 million. Operating profit is expected to decrease by 46.3% to JPY 650 million, while ordinary profit is revised down 31.5% to JPY 1,000 million. Profit attributable to owners of parent is now forecast at JPY 430 million, a 64.2% reduction, leading to a revised basic earnings per share of JPY 29.96.

The company attributed the revision to weak demand across both commercial and consumer markets, influenced by excess inventory in the Americas, geopolitical risks, and U.S. tariff policies. In addition to lower sales, a JPY 400 million settlement payment for a patent infringement lawsuit will be recorded as an extraordinary loss, further impacting profitability.

Despite the revised earnings forecast, Icom confirmed that the interim dividend remains unchanged at JPY 25 per share. The full-year consolidated earnings forecast is currently under review and will be announced on November 11, 2025, alongside the second quarter financial results.