Summary of Selected Financial Data First Quarter Ended June 30, 2023
Sohgo Security Services Co., Ltd.
1. Consolidated Financial Results
(1) Consolidated Statements of Income | |||||||||||||||
1Q Accounting Period | 2Q Accounting Period | Financial Results | |||||||||||||
Increase/ | FY2024 | Increase/ | FY2024 | Increase/ | |||||||||||
FY2023 | FY2024 | Decrease | FY2023 | Decrease | FY2023 | Decrease | |||||||||
(Forecast) | (Forecast) | ||||||||||||||
(%) | (%) | (%) | |||||||||||||
Net Sales | 114.0 | 121.5 | 6.7 | 236.0 | 245.0 | 3.8 | 492.2 | 512.5 | 4.1 | ||||||
(Billion yen) | |||||||||||||||
Operating Income | 7.1 | 8.6 | 21.1 | 15.2 | 16.5 | 8.4 | 36.9 | 38.6 | 4.3 | ||||||
(Billion yen) | |||||||||||||||
Ordinary Income | 7.8 | 9.1 | 16.7 | 16.5 | 17.8 | 7.5 | 39.2 | 41.0 | 4.5 | ||||||
(Billion yen) | |||||||||||||||
Profit Attributable to | |||||||||||||||
Owners of Parent | 4.4 | 5.1 | 16.6 | 9.7 | 11.1 | 13.7 | 23.9 | 25.5 | 6.5 | ||||||
(Billion yen) | |||||||||||||||
Net Income Per Share | 8.80 | 10.26 | - | 19.29 | 21.93 | - | 47.32 | 50.38 | - | ||||||
(Yen) | |||||||||||||||
(2) Consolidated Balance Sheets | |||||||||||||||
FY2022 1Q | FY2023 1Q | FY2024 1Q | |||||||||||||
Total Assets | 470.5 | 498.1 | 514.9 | ||||||||||||
(Billion yen) | |||||||||||||||
Net Assets | 306.5 | 327.9 | 345.3 | ||||||||||||
(Billion yen) | |||||||||||||||
Equity Ratio | 59.5 | 60.4 | 61.7 | ||||||||||||
(%) | |||||||||||||||
Net Assets Per Share | 552.68 | 594.23 | 627.60 | ||||||||||||
(Yen) | |||||||||||||||
(3) Consolidated Statements of Cash Flows | |||||||||||||||
FY2022 1Q | FY2023 1Q | FY2024 1Q | |||||||||||||
Net Cash provided by (used | |||||||||||||||
in) Operating Activities | (2.1) | 6.9 | 18.2 | ||||||||||||
(Billion yen) | |||||||||||||||
Net Cash provided by (used | |||||||||||||||
in) Investing Activities (Billion | (1.9) | (11.7) | (1.8) | ||||||||||||
yen) | |||||||||||||||
Net Cash provided by (used | |||||||||||||||
in) Financing Activities | (2.3) | (5.7) | (3.9) | ||||||||||||
(Billion yen) | |||||||||||||||
Cash and Cash Equivalents at | |||||||||||||||
End of Period | 46.7 | 53.4 | 64.1 | ||||||||||||
(Billion yen) | |||||||||||||||
(4) Dividend | |||||||||||||||
Dividends Per Share | |||||||||||||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Annual | |||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||
FY2023 | - | - | 43 | 00 | - | - | 43 | 00 | 86 | ||||||
FY2024(Forecast) | - | - | 8 | 60 | - | - | 8 | 60 | 17 |
2. Major Items
(1) Sales by Business Segment | (Billion yen) | |||||
Increase/ | Increase/ | |||||
FY2023 1Q | Share(%) | Decrease | FY2024 1Q | Share(%) | Decrease | |
(%) | (%) | |||||
Security Services | ||||||
Electric Security Services | 41.9 | 36.8 | (3.6) | 44.2 | 36.4 | 5.4 |
Stationed Security Services | 30.5 | 26.8 | 2.9 | 31.3 | 25.8 | 2.9 |
Transportation Security Services | 16.7 | 14.7 | 1.0 | 16.7 | 13.8 | (0.3) |
Total | 89.2 | 78.3 | (0.6) | 92.3 | 76.0 | 3.5 |
General Property Management | 12.9 | 11.4 | (15.8) | 15.4 | 12.7 | 19.1 |
and Fire Protection Services | ||||||
Long-Term Care Services | 10.4 | 9.1 | 1.1 | 12.5 | 10.3 | 20.2 |
Total for Reportable Segments | 112.6 | 98.8 | (2.5) | 120.3 | 99.0 | 6.8 |
Other Services | 1.3 | 1.2 | (9.9) | 1.2 | 1.0 | (6.8) |
Total | 114.0 | 100.0 | (2.6) | 121.5 | 100.0 | 6.7 |
(2) Contracts by Business Segment | (Contract: Thousands) | |||||
FY2021 | FY2022 1Q | FY2022 4Q | FY2023 1Q | FY2023 4Q | FY2024 1Q | |
Security Services | ||||||
Electric Security Services | 990 | 997 | 1,009 | 1,015 | 1,029 | 1,049 |
Corporate Clients | 540 | 543 | 548 | 551 | 556 | 564 |
Individual Clients | 449 | 453 | 460 | 463 | 473 | 485 |
Stationed Security Services | 4 | 4 | 4 | 4 | 4 | 4 |
Transportation Security Services | 79 | 79 | 79 | 86 | 86 | 87 |
Total | 1,073 | 1,080 | 1,093 | 1,105 | 1,120 | 1,141 |
General Property Management | 113 | 115 | 119 | 119 | 121 | 123 |
and Fire Protection Services | ||||||
Long-Term Care Services | 27 | 27 | 27 | 26 | 27 | 27 |
Total for Reportable Segments | 1,215 | 1,224 | 1,239 | 1,251 | 1,269 | 1,292 |
Other Services | 29 | 33 | 34 | 23 | 23 | 24 |
Total | 1,244 | 1,258 | 1,274 | 1,274 | 1,293 | 1,317 |
FY2022 1Q | Increase/ | FY2023 1Q | Increase/ | FY2024 1Q | Increase/ | |
Increase/ | Decrease | Increase/ | Decrease | Increase/ | Decrease | |
Decrease | (%) | Decrease | (%) | Decrease | (%) | |
Security Services | ||||||
Electric Security Services | 7 | 0.7 | 5 | 0.6 | 19 | 1.9 |
Corporate Clients | 3 | 0.7 | 2 | 0.5 | 7 | 1.4 |
Individual Clients | 3 | 0.8 | 2 | 0.6 | 11 | 2.5 |
Stationed Security Services | 0 | 0.6 | (0) | (2.5) | 0 | 2.7 |
Transportation Security Services | (0) | (0.0) | 6 | 8.1 | 1 | 2.2 |
Total | 7 | 0.7 | 12 | 1.1 | 21 | 1.9 |
General Property Management | 1 | 1.7 | 0 | 0.1 | 1 | 0.9 |
and Fire Protection Services | ||||||
Long-Term Care Services | 0 | 0.7 | (0) | (2.8) | 0 | 1.2 |
Total for Reportable Segments | 9 | 0.8 | 11 | 0.9 | 22 | 1.8 |
Other Services | 3 | 13.2 | (11) | (33.7) | 1 | 4.7 |
Total | 13 | 1.1 | (0) | (0.0) | 24 | 1.9 |
- Consolidated / Non-consolidated Ratio (Ratio of when individual financial results counted as 1) (Times)
FY2022 1Q | FY2023 1Q | FY2024 1Q | |||||||
Net Sales | 1.92 | 1.92 | 1.94 | ||||||
Operating Income | 2.06 | 2.41 | 1.98 | ||||||
Ordinary Income | 0.69 | 0.52 | 0.53 | ||||||
Profit Attributable to | 0.47 | 0.31 | 0.33 | ||||||
Owners of Parent | |||||||||
Total Assets | 1.48 | 1.44 | 1.43 | ||||||
(4) Trends in Personnel | |||||||||
(Personnel) | |||||||||
FY2021 | FY2022 1Q | FY2022 | FY2023 1Q | FY2023 | FY2024 1Q | ||||
Employees | 38,444 | 39,105 | 38,192 | 38,680 | 39,039 | 39,621 | |||
FY2022 1Q | Increase/ | FY2023 1Q | Increase/ | FY2024 1Q | Increase/ | ||||
Increase/ | Decrease | Increase/ | Decrease | Increase/ | Decrease | ||||
previous period> | |||||||||
Decrease | (%) | Decrease | (%) | Decrease | (%) | ||||
Employees | 661 | 1.7 | 488 | 1.3 | 582 | 1.5 | |||
(5) Capital Expenditure / Depreciation / Research and Development Expenditure | |||||||||
(Billion yen) | |||||||||
Increase/ | Increase/ | Increase/ | FY2024 | ||||||
FY2022 1Q | Decrease | FY2023 1Q | Decrease | FY2024 1Q | Decrease | ||||
(Forecast) | |||||||||
(%) | (%) | (%) | |||||||
Capital Expenditure | 2.8 | (8.5) | 2.9 | 2.4 | 2.7 | (5.3) | 21.1 | ||
Depreciation | 3.9 | 0.5 | 4.2 | 8.2 | 4.4 | 4.7 | 19.1 | ||
Research and | 0.1 | 3.0 | 0.1 | 16.3 | 0.1 | (3.2) | 0.6 | ||
Development | |||||||||
3. Consolidated Financial Statements
(1) Consolidated Statements of Income
(Billion yen)
FY2023 1Q | FY2024 1Q | YoY | ||||
Increase/ | ||||||
Amount | Share(%) | Amount | Share(%) | Amount | Decrease | |
(%) | ||||||
Net Sales | 114.0 | 100.0 | 121.5 | 100.0 | 7.5 | 6.7 |
Cost of Sales | 85.5 | 75.0 | 91.3 | 75.1 | 5.8 | 6.8 |
Gross Profit | 28.4 | 25.0 | 30.2 | 24.9 | 1.7 | 6.2 |
Selling, General and Administrative | 21.3 | 18.7 | 21.5 | 17.7 | 0.2 | 1.1 |
Expenses | ||||||
Operating Income | 7.1 | 6.3 | 8.6 | 7.2 | 1.5 | 21.1 |
Non-operating Income | 1.3 | 1.2 | 1.1 | 0.9 | (0.2) | (15.2) |
Non-operating Expenses | 0.6 | 0.6 | 0.6 | 0.5 | (0.0) | (0.2) |
Ordinary Income | 7.8 | 6.9 | 9.1 | 7.6 | 1.3 | 16.7 |
Extraordinary Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - |
Extraordinary Loss | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 219.3 |
Profit Attributable to Owners of parent | 4.4 | 3.9 | 5.1 | 4.3 | 0.7 | 16.6 |
(2) Consolidated Statements of Income (Main variable factors)
(Billion yen)
YoY | ||||
Increase/ | Factors | |||
Amount | Decrease | |||
(%) | ||||
Security Services | 3.0 | |||
Electronic Security Services | 2.2 | |||
Stationed Security Services | 0.8 | |||
Transportation Security Services | (0.0) | |||
Net Sales | 7.5 | 6.7 | General Property Management and Fire Protection Services | 2.4 |
Long-Term Care Services | 2.1 | |||
Other Services | (0.0) | |||
Cost of Sales | 5.8 | 6.8 | ||
Gross Profit | 1.7 | 6.2 | ||
Selling, General and Administrative | 0.2 | 1.1 | ||
Expenses | ||||
Operating Income | 1.5 | 21.1 | ||
Non-operating Income | (0.2) | (15.2) | ||
Non-operating Expenses | (0.0) | (0.2) | ||
Ordinary Income | 1.3 | 16.7 | ||
Extraordinary Income | 0.0 | - | ||
Extraordinary Loss | 0.0 | 219.3 | ||
Profit Attributable to Owners of parent | 0.7 | 16.6 |
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Disclaimer
SOHGO Security Services Co. Ltd. published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 06:12:53 UTC.