Secom (9735) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, reached ¥864.6 billion, up 3.5% year-over-year, with record-high revenue, ordinary profit, and net income attributable to owners of the parent.

• Operating profit declined by 3.3% to ¥100.2 billion, mainly due to weaker results in insurance, geospatial information, and BPO/ICT services, despite gains in security and fire protection.

• Ordinary profit rose 8.1% to ¥129.4 billion, driven by an ¥11.4 billion increase in net gains on private equity investment in the U.S.

• Net income attributable to owners of the parent increased 4.1% to ¥79.4 billion.

• A 2-for-1 stock split was implemented on October 1, 2024, and a new shareholder benefits program was introduced.

Financial highlights

• Gross profit for the period was ¥266.4 billion, up from ¥263.4 billion year-over-year.

• Comprehensive income for the period was ¥92.1 billion, down from ¥110.9 billion in the prior year.

• Basic net income per share for the nine months was ¥190.92, calculated assuming the stock split at the start of the previous fiscal year.

• Total assets as of December 31, 2024, were ¥2,099.5 billion, up 0.9% from March 31, 2024.

• Equity ratio stood at 58.6% as of December 31, 2024.

Outlook and guidance

• Full-year revenue is projected at ¥1,192.4 billion, with operating profit of ¥140.8 billion, ordinary profit of ¥168.9 billion, and net income attributable to owners of the parent of ¥104.6 billion.

• Projected basic net income per share for the year is ¥251.57, reflecting the stock split.

• No changes have been made to previously disclosed projections.

• Forward-looking statements are subject to risks and actual results may differ materially.