SECOM CO., LTD. completed the acquisition of a 55.1% stake in Senon Limited from Hironobu Koyano and others.
July 30, 2022
Share
SECOM CO., LTD. (TSE:9735) signed a stock purchase agreement to acquire a 55.1% stake in Senon Limited from Hironobu Koyano and others for ¥26.99 billion on May 12, 2022. As part of the transaction, SECOM will acquire 7,612,000 shares, representing 55.1% stake in Senon. The execution of this acquisition is conditional upon no such factor prohibiting the execution of the acquisition, including cease and desist order from the Japan Fair Trade Commission, as a result of the examination by authority. The transaction is expected to complete on July 1, 2022. The effect of the transaction on SECOM's consolidated financial position and performance are expected to be insignificant.
SECOM CO., LTD. (TSE:9735) completed the acquisition of a 55.1% stake in Senon Limited from Hironobu Koyano and others on July 1, 2022.
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. 
