Icom Releases Annual Report for the Fiscal Year Ended March 31, 2025

Icom Incorporated, a globally recognized developer of radio communication systems, has released its financial results for the fiscal year ending March 31, 2025. The company recorded consolidated net sales of ¥37,468 million(approximately US$251 million), marking a slight increase from FY 2024’s ¥37,117 million. Moreover, operating income rose to ¥3,722 million from ¥3,416 million the previous year.Simply Wall StMarketScreener

Net Sales & Operating Income by Region
Financial performance varied across markets—highlighting the resilience of overseas operations despite domestic declines:

• Japan: Net sales slipped from ¥33,176M to ¥31,046M, with a decline in operating profitability.
• North America: Net sales decreased from ¥13,653M to ¥12,140M.
• Europe: Net sales increased to ¥2,631M from ¥2,422M.
• Asia & Oceania: Sales edged down slightly from ¥1,865M to ¥1,790M.

Despite declines in domestic and North American markets, the uptick in Europe, along with steady performance in Asia/Oceania, underscores a growing contribution from international segments—demonstrating that overseas business expanded slightly compared to Japan.MarketScreener+1
Operating income, while not broken down by region in public summaries, broadly increased in aggregate, supporting the positive margin trend.

Land Mobile Products
Within its product portfolio, Land Mobile radios remain vital—accounting for 18% of total sales as of FY 2024. These professional-grade radios serve critical sectors like public safety, enterprise, and defense.

Although the Annual Report does not isolate “online business” revenues, Land Mobile equipment is widely marketed and supported through Icom’s digital channels—including product listings, support tools, and online distributors. Given its significant sales share, it's reasonable to infer the online channel underpins much of Land Mobile's visibility and distribution, even if precise figures are not disclosed.

Summary
FY 2025 net sales grew modestly to ¥37,468M, with operating income improving to ¥3,722M.
Japan and North America experienced declines, while Europe recorded growth, contributing to a slight shift toward stronger overseas performance relative to domestic markets.
Land Mobile products remain a central business pillar, comprising nearly a fifth of all sales. Given their digital presence, the online channel likely plays a strong role in promoting and fulfilling this segment.