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SECOM, First Half Ordinary Profit Decreases by 5%, Jul-Sep Ordinary Profit Decreases by 7%
9735 SECOM CO., LTD. 【J-GAAP】
Earnings ReportSECOM CO., LTD. <9735> [TSE Prime] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 5.4% from the same period last year to 79.0 billion yen. Progress toward the full-year plan of 168 billion yen was 46.9%, almost the same as the five-year average of 46.0%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 2.1% from the same period last year to 89.6 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 39.7 billion yen, a 7.1% decrease compared to the same period last year. However, the operating profit margin rose from 10.3% in the same period last year to 11.5%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 544,750 | 63,144 | 76,327 | 49,222 | 115.7 | 45.7 | Nov 9, 2023 | J-GAAP |
| Apr - Sep, 2024 | 560,196 | 59,099 | 83,594 | 50,421 | 121.0 | 47.7 | Nov 8, 2024 | J-GAAP |
| Apr - Sep, 2025 | 593,547 | 67,464 | 79,063 | 49,102 | 119.4 | 46.9 | Nov 11, 2025 | J-GAAP |
| YoY | +6.0% | +14.2% | -5.4% | -2.6% | -1.3% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 586,800 | 62,700 | 77,100 | 47,700 | 116.8 | 50 | May 12, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 593,547 | 67,464 | 79,063 | 49,102 | 119.4 | 50 | Nov 11, 2025 | J-GAAP |
| Revision Rate | +1.1% | +7.6% | +2.5% | +2.9% | +2.2% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 639,746 | 85,198 | 91,529 | 57,688 | 138.7 | 50 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 657,453 | 82,536 | 89,637 | 54,298 | 134.2 | 50 | Nov 11, 2025 | J-GAAP |
| YoY | +2.8% | -3.1% | -2.1% | -5.9% | -3.2% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 1,154,740 | 140,658 | 166,859 | 101,951 | 241.0 | 95 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 1,199,942 | 144,297 | 175,123 | 108,109 | 260.0 | 97.50 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 1,251,000 | 150,000 | 168,700 | 103,400 | 255.6 | 100 | May 12, 2025 | J-GAAP |
| YoY | +4.3% | +4.0% | -3.7% | -4.4% | -1.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 289,152 | 29,839 | 42,754 | 25,769 | 61.8 | 10.3 | Nov 8, 2024 | J-GAAP |
| Oct - Dec, 2024 | 304,419 | 41,160 | 45,781 | 29,024 | 69.8 | 13.5 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 335,327 | 44,038 | 45,748 | 28,664 | 68.9 | 13.1 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 287,992 | 32,219 | 39,333 | 24,939 | 60.2 | 11.2 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 305,555 | 35,245 | 39,730 | 24,163 | 58.8 | 11.5 | Nov 11, 2025 | J-GAAP |
| YoY | +5.7% | +18.1% | -7.1% | -6.2% | -5.0% |
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