6703 OKI
- Japan Guru
- Oct 7
- 1 min read
OKI's core business is system construction and solution provision for the fields of information and communications, ATMs, EMS, and printers, as well as equipment manufacturing and sales. OKI is Japan's first domestic communications equipment manufacturer.
"OKI is fast pivoting to a defense company
OKI, considered Japan's first communications equipment manufacturer, has strengths in communications systems for the Self-Defense Forces and underwater acoustic systems. In 2023, the company revamped its underwater acoustic measurement facility for the first time in 33 years, with a view to converting it to civilian use.
Sales for the defense equipment and special systems business for the fiscal year ending March 2025 rose sharply to 55.2 billion yen, approximately double the level of fiscal 2010. Orders for underwater acoustic systems for submarines and other vessels have been particularly strong, with momentum exceeding expectations."
https://www.nikkei.com/article/DGXZQOUC0292N0S5A001C2000000/
at 1671 yen/share, 145.7 bil yen mkt cap vs 37.6 bil yen net debt
10.35x per / 1.03x pbr / 2.99% yield