Secom Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
February 07, 2018
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SECOM CO., LTD. reported consolidated earnings results for the nine months ended December 2017. For the period, the company's net sales were JPY 692,862 million compared to JPY 670,160 million a year ago. Operating profit was JPY 94,854 million compared to JPY 96,278 million a year ago. Ordinary profit was JPY 101,945 million compared to JPY 108,603 million a year ago. Net income attributable to owners of parent was JPY 63,110 million compared to JPY 66,040 million a year ago. Income before income taxes was JPY 102,421 million compared to JPY 107,414 million a year ago. Basic earnings per share were JPY 289.15 compared to JPY 302.58 a year ago. Net assets per share were JPY 4,244.57 as on December 31, 2017.
The company provided earnings guidance for the year ending March 31, 2018. For the year, the company expects net sales of JPY 940,000 million, operating profit of JPY 132,400 million, ordinary profit of JPY 139,200 million, net income attributable to owners of parent of JPY 84,800 million and basic earnings per share of JPY 388.53.
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 2017; Provides Earnings Guidance for the Year Ending March 31, 2018