Central Security Patrols Co (9740) Q4 2025 earnings summary

Executive summary

• FY2025 revenue reached a record ¥71,417m, up 5.0%; operating profit rose 0.3% to ¥4,331m and recurring profit rose 0.7% to ¥4,566m. Net income fell 40.0% to ¥3,230m.

• Revenue growth was led by transferred Hankyu Hanshin on-site security operations and strong equipment installation projects; lower net income reflected a high prior-year base, including a policy-held share sale, and other one-time items.

• Mid-term plan execution included regional security acquisitions and drone-based services; selected for the FTSE Blossom Japan Sector Relative Index.

Financial highlights

• Revenue exceeded the prior-year forecast by ¥2,218m; operating profit was ¥19m below forecast and recurring profit was ¥16m above forecast.

• Net income attributable to owners of the parent was ¥3,230m, ¥380m above forecast; EPS was ¥222.04 and comprehensive income was ¥3,538m, up 7.4%.

• Year-end cash and cash equivalents were ¥17,548m, down ¥3,116m year over year.

Outlook and guidance

• FY2026 guidance: revenue ¥76,000m, operating profit ¥4,500m, operating margin 5.9%, recurring profit ¥4,700m and net income ¥3,000m.

• Higher on-site security and equipment installation sales are expected from TAKANAWA GATEWAY CITY operations, annualized Hankyu Hanshin work and other redevelopment projects.

• Wage increases and inflation are expected to pressure profits; growth plans prioritize next-generation security services and further M&A.

• Revised FY2030 targets: revenue ¥90bn, operating profit ¥5.4bn, operating margin 6.0% and payout ratio 33.3%.