Medium Term Business Plan 2026

(Announced May 11, 2023)

In the fiscal year ended March 2021, we formulated our Medium Term Business Plan 2023 under the theme of "Solidifying Our Foundation for Sustainable Growth." Through this plan, we strengthened our management base and worked to achieve appropriate growth and enhance long-term corporate value. Although we did not achieve the final targets for the fiscal year ended March 2023 due to deviations from our initial assumptions regarding market conditions and the business environment, we did achieve record-high sales. Building on this momentum, and with the slogan of "Icom: Towards a 100-Year Company," we have formulated the Medium Term Business Plan 2026, covering the period up to the fiscal year ending March 2026, with a focus on strengthening our corporate foundation to generate high profit.

Three years (from the fiscal year ending March 31, 2024 to the fiscal year ending March 31, 2026)

1. Strengthen core businesses

• Development of new high frequency bands and new platforms
• Developing "Only Icom Can Do" products in the satellite radio field
• Deployment of different inter-protocol communication know-how to other radio categories

2. Challenging New Business Models

• Expand stock business in overseas markets
• Strategic partnerships with business synergies leveraging technology in key wireless categories

3. Sustainable Management Towards becoming a 100-year-old Company

• Further improve our value proposition based on sustainable management
• Initiatives for sustainable growth (ESG)
• Continued improvement and evolution of manufacturing through robotic production and smart factories

Net Sales: ¥40 Billion, Operating Income: ¥4 Billion, Operating Income Margin: 10.0% (FY2026)

For further details, please refer to the "Medium-Term Management Plan 2026" and the "Notice of Revision of Medium-Term Management Plan 2026."