Secom (9735) Q1 2025 earnings summary

Executive summary

• Achieved record-high revenue and ordinary profit for the first quarter ended June 30, 2024, driven by growth in security, fire protection, and medical services.

• Operating profit declined 4.4% year-over-year to ¥29,260 million, mainly due to lower profits in geospatial information and medical services.

• Ordinary profit increased 3.3% year-over-year to ¥40,840 million, supported by higher net gains on private equity investments.

• Net income attributable to owners fell 8.0% year-over-year to ¥24,652 million, impacted by higher noncontrolling interests and absence of prior year insurance claim income.

• Launched new security products, including SECOM Anshin Glass SG and an AI behavior detection system.

Financial highlights

• Revenue rose 2.3% year-over-year to ¥271,044 million.

• Gross profit increased to ¥84.1 billion from ¥83.2 billion year-over-year.

• Comprehensive income rose 6.2% to ¥40.7 billion.

• Basic EPS was ¥117.71, down from ¥125.59 in the same quarter last year.

• Total assets decreased 2.6% to ¥2,027.6 billion from March 31, 2024.

Outlook and guidance

• Full-year revenue projected at ¥1,170,000 million, up 1.3% from the previous year.

• Full-year operating profit forecasted at ¥131,200 million, down 6.7% year-over-year.

• Full-year net income guidance at ¥87,000 million, a 14.7% decrease year-over-year.

• No changes to previously disclosed forecasts.

• Projected annual dividend is ¥195 per share.