6946 Nippon Avionics
- Japan Guru
- Aug 11
- 1 min read
Updated: Aug 14
The main product is information system equipment for defense. The company also makes equipment, infrared sensors, etc. for private sector customers. Under the fund umbrella
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This company is a defense and industrial equipment manufacturer with a strong track record of supplying to the Japanese army, navy and airforce. Its main customers are defense industry giants NEC (6701) and Mitsubishi Heavy Industries (7011), and its solid revenue base is also a key factor in its reputation.
In 1Q results, operating profit increased 79% year-on-year to 582 million yen. On the same day, the company also announced a tender offer for 3.6% of its outstanding shares (worth 2 billion yen).
This company is 50% owned by Japan Industrial Partners, which acquired Toshiba in a TOB for 2 tril yen
at 4860 yen/share, 81.5 bil yen mkt cap vs 7 bil yen net cash
34x per / 5.25x pbr / 0.21% yield