Secom Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 2019; Provides Earnings Guidance for the Year Ending March 31, 2020
February 05, 2020
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SECOM CO., LTD. reported consolidated earnings results for the nine months ended December 2019. For the period, on consolidated basis, reported revenue of JPY 766,008 million compared to JPY 726,983 million a year ago. Operating profit was JPY 102,212 million compared to JPY 92,960 million a year ago. Net income attributable to owners of the parent was JPY 67,822 million or JPY 310.74 per basic share compared to JPY 69,503 million or JPY 318.44 per basic share a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2020. For the year, the company expects revenue of JPY 1,038,000 million, operating income of JPY 131,500 million, ordinary income of JPY 138,000 million and net income attributable to the company of JPY 83,000 million or JPY 380.28 per basic share.
Secom Co., Ltd. is No. 1 in Japan of safety services. Net sales break down by activity as follows:
- safety services (49.1%): installation and maintenance of electronic safety systems (primarily buildings access control systems, explosive control systems, electronic equipments of possessions and persons identification, anti-intrusion alarms), VIP protection, funds and valuable objects transportation, etc.;
- medical services (15.8%): home care services, medicines delivery services, sale of medical equipments, etc.;
- sale, installation and maintenance of protection against fire systems (12.4%);
- business process outsourcing and ICT services (10.3%) ;
- insurance services (5.3%): fire, automotive and health insurance;
- geospatial data broadcasting (4.7%);
- development and promotion of real estate assets (2.4%): primarily residential buildings with advanced safety systems.
Japan accounts for 96.1% of net sales.
Secom Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 2019; Provides Earnings Guidance for the Year Ending March 31, 2020