Central Security Patrols Co (9740) Q2 2025 earnings summary

Executive summary

• H1 revenue rose 3.3% YoY to ¥34,798 million; operating profit increased 0.6% to ¥2,241 million and recurring profit 0.4% to ¥2,346 million.

• Net income fell 59.2% YoY to ¥1,819 million, reflecting the absence of prior-year one-time gains despite a ¥579 million gain from selling all Nihon Housing shares.

• Revenue and profit exceeded the interim forecast.

Financial highlights

• Revenue increased ¥1,098 million YoY; gross profit was ¥7,905 million, up from ¥7,813 million.

• EPS was ¥124.71, down from ¥305.77 YoY.

• Total assets were ¥62,741 million, down 2.6% from the previous year-end; the equity ratio improved to 61.2% from 57.9%.

Outlook and guidance

• FY2025 forecast: revenue ¥69,200 million, operating profit ¥4,350 million, recurring profit ¥4,550 million, net income ¥2,850 million and EPS ¥195.37; guidance was unchanged.

• FY2026 Creative 2025 target: ¥80,000 million revenue and an 8.5% operating margin, against a roughly ¥10 billion gap from the current-year forecast.

• Growth plans include TAKANAWA GATEWAY CITY, redevelopment projects, M&A and business transfers; FY2025 JR East Group sales were expected to decline slightly on the prior-year Hiroshima Summit comparison.