Elecom (6750) – Diversification: Mixed Maintained
22nd March 2017
Stock Price: Y2,253
Market Cap: Y89.7bn
Whilst above plan 1-3Q OP was largely attributable to FX, Elecom’s gradual shift away from its stagnating core markets continues. We believe the transition is logical, but also that establishing itself in new product areas will involve time & execution risk.