Candidates / 6820

ICOM INCORPORATED6820・Electrical equipment

Activist stake: Kaname Capital. Of the listed companies with this trait in 2021–22, 1 in 5 was bought in the following four years or so — against 1 in 11 for all listed companies.

Taking every trait together, its score is 1.7x the average — #567 of 3,751. The closest type of deal is management buyout.

Score1.7xvs average; #567 of 3,751
Past, similar score1 in 5were bought (19%)
Closest typeMBO
Price-to-book0.73xmarket value ¥53.2bn

Why it looks like past targets

Score by type of buyer

Typevs average for the type
Buyout by the parent0.3x
Management buyout3.2x
Private equity1.9x
Strategic buyer1.4x

Ownership

Top 10 shareholders

HolderTypeStake
井上 徳造Individual14.3%
ギガパレス(株)Company10.3%
公益財団法人アイコム電子通信工学振興財団Company7.0%
(株)UH Partners 2Company6.2%
光通信(株)Company4.8%
日本マスタートラスト信託銀行(株)(信託口)Custodian/nominee4.4%
(株)JVCケンウッドCompany3.1%
アイビー投資事業有限責任組合Company2.6%
日本証券金融(株)Company2.6%
住友不動産(株)Company2.5%

From the annual report for the year to 2026-03-31. Holder types are assigned by name and can be wrong (for example, a founder’s company can look like an operating company). Annual report (PDF, EDINET)

Key figures

Controlling shareholder (over 50%)
No
Largest corporate holder
10.3%
Founder family (individuals and their companies)
14.3%
Officers
14.0%
Net cash ÷ market value
67%
ROE
3.8%
Equity ratio
89%

Activist filings

Estimated cost = total acquisition funds ÷ shares held, from the latest report (or the previous one if the latest does not state the funds). Trades after the report's base date are not included. Stakes whose reports give no funding figure are left out. Share splits after the report are adjusted using the change in shares outstanding. Costs outside the stock's price range while held (0.8x the monthly low to 1.2x the high) are treated as reporting quirks (e.g. funds not updated after selling) and not shown. Stakes cut below 5% (mostly sold) are left out of the totals.

This site ranks listed companies by how closely their public filings (annual reports and large-shareholding reports) resemble past tender-offer and MBO targets. It is not a prediction that any company will be bought, is not based on any non-public information, and is not a recommendation to buy or sell. Not investment advice.

Updated 29 Sep 2026 00:48 JST