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Central Security Patrols shares hit year-to-date low as rising labor costs fuel projected 22% drop in operating profit
CENTRAL SECURITY PATROLS Co., Ltd. <9740> shares plunged sharply, hitting a new year-to-date low. After the close of trading on the 13th, the company released its full-year earnings forecast for the fiscal year ending February 2027, alongside the announcement of its consolidated financial results for the fiscal year ended February 2026. Central Security Patrols projected sales of 78.0 billion yen (down 0.9% year-on-year), operating profit of 3.5 billion yen (down 22.2%), and net profit of 2.3 billion yen (down 8.1%), fueling selling pressure as investors reacted negatively to the outlook for a significant profit decline. Personnel costs are expected to increase as Central Security Patrols continues to implement compensation improvements aimed at securing talent, following similar measures taken last year.
For the fiscal year ended February 2026, sales reached 78.745 billion yen (up 10.3% year-on-year), operating profit totaled 4.499 billion yen (up 3.9%), and net profit came to 2.503 billion yen (down 22.5%). While the core security business drove revenue and operating profit growth, Central Security Patrols recorded extraordinary losses related to litigation settlements and goodwill impairment from M&A activities conducted last year, resulting in a decline in net profit.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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