Furuno Electric Co., Ltd. (Nishinomiya, Hyogo; President and CEO: Yukio Furuno; hereinafter referred to as "Furuno") and Icom Incorporated (Hirano-ku, Osaka; President and CEO: Hiroshi Nakaoka; hereinafter referred to as "Icom") are pleased to announce that they signed a Memorandum of Understanding (hereinafter referred to as “MoU”) on Wednesday, May 13, 2026, regarding the commencement of collaboration in the fields of radio communication equipment and radar. The purpose of this MoU is to facilitate discussions regarding potential collaboration on product development and business activities in the radio communication equipment and radar sectors, leveraging the technologies and expertise that both companies have cultivated.
The signing ceremony.
(From left) Yukio Furuno, President and CEO, Furuno; Hiroshi Nakaoka, President and CEO, Icom
Background of the collaboration
Amid changes in the business environment surrounding the radio communication equipment and radar markets, Icom, which has a long track record and accumulated technical expertise in the field of wireless communication equipment, and Furuno, which has been operating in the field of marine electronics, including navigation radar, have engaged in repeated discussions regarding the potential for medium- to long-term business development by leveraging their respective strengths. Recognizing the potential for creating new value and business opportunities by mutually leveraging each other’s technologies and expertise in the radio communication equipment and radar sectors, the two companies have concluded that it would be beneficial to jointly explore possibilities for collaboration through ongoing dialogue.
Key aspects of the collaboration
Under this collaboration, both companies will focus their discussions on the following initiatives:
- Collaboration on product development in the radio communication equipment and radar sectors
- Cost-reduction measures, including joint procurement of related parts and components
- Ongoing discussions on future collaboration opportunities leveraging both companies’ expertise
Please note that this MoU does not specify concrete terms and conditions; the details will be discussed and finalized through discussions.
President and CEO, Hiroshi Nakaoka, Icom
We are very pleased that we are moving forward with discussions toward a potential collaboration with Furuno. Both of our companies have a long history of delivering quality products worldwide that have supported safety, security, and enjoyment at sea for many years. We are confident that by combining our respective strengths and expertise, we will be able to create new value that only our two companies can achieve. We are committed to this initiative so that we can provide our customers with an experience that exceeds their expectations.
Yukio Furuno, President and CEO, Furuno
We are very pleased to have the opportunity to explore potential collaboration with Icom, a company renowned for its advanced technical expertise and unique product development capabilities in the field of wireless communication equipment. Our company has built its business by providing marine electronic equipment that supports safe and secure navigation. However, as the business environment undergoes significant changes, we feel more strongly than ever the importance of dialogue and collaboration with partner companies that possess different strengths. We hope to explore new possibilities in the fields of radio communication equipment and radar by leveraging each other’s technologies and expertise, thereby creating value for the future.
Based on this MoU, the two companies will continue their discussions and explore ways to formalize their business collaboration in the fields of radio communication equipment and radar.