Secom Co., Ltd. (TSE: 9735), Japan's largest security-services company, reported consolidated full-year results for the fiscal year ended March 31, 2026 (FY3/2026) under Japanese GAAP. Revenue rose 4.7% year-on-year to a record ¥1,256,896 million, operating profit advanced 11.1% to ¥160,333 million, ordinary profit rose 4.0% to ¥182,160 million, and net profit attributable to owners of the parent gained 4.2% to ¥112,662 million from ¥108,109 million. All four headline measures reached record highs, and every business segment grew. Basic EPS came in at ¥276.17 versus ¥259.97, and the operating margin firmed to roughly 12.8%.
Operating profit outpaces ordinary profit
Operating profit grew faster than revenue — up 11.1% against a 4.7% top-line gain — as the core security business and several smaller segments delivered margin improvement. Ordinary profit, however, rose a more modest 4.0% to ¥182,160 million because gains from U.S.-based investment partnerships fell about ¥12.3 billion year-on-year, a non-operating item that diluted the strong showing at the operating line. Net profit attributable to owners still climbed 4.2% to ¥112,662 million, and the equity ratio stood at a robust 58.9%.
All seven segments grow
Growth was broad-based across Secom's diversified portfolio. Security Services, the core business, generated revenue of ¥660.6 billion (+4.3%) and operating profit of ¥123.8 billion (+7.7%). Fire & Disaster Prevention — which includes Nohmi Bosai and Nittan — posted revenue of ¥186.8 billion (+5.5%) with operating profit up 23.1%. Medical Services revenue rose 6.8% to ¥92.0 billion, while Insurance grew 10.2% to ¥65.4 billion with operating profit surging 41.2%. Geospatial Information (Pasco) revenue rose 3.9% to ¥60.6 billion, BPO/ICT — including data centers — edged up 1.1% to ¥129.9 billion, and the Other category rose 7.6% to ¥61.3 billion.
Balance sheet and cash flow
Total assets stood at ¥2,230,127 million and net assets at ¥1,499,682 million, underpinning the 58.9% equity ratio. Operating cash flow was a strong ¥203,566 million, against investing outflows of ¥88,607 million and financing outflows of ¥118,110 million. Period-end cash and equivalents reached ¥406,675 million, leaving Secom with ample liquidity to fund both shareholder returns and continued investment in its expanding service network.
¥60 billion buyback and an AVTEL acquisition
Secom returned substantial capital to shareholders during the year, acquiring 11,190,100 shares for about ¥60.0 billion (¥59,999,874,700) between May and November 2025. On the growth side, in October 2025 Secom made AVTEL Holdings Pte. Ltd., a Singapore-based global security systems-integration firm, a wholly-owned subsidiary, broadening its international footprint. The company also provided security for Expo 2025 Osaka, Kansai, Japan, and in May 2026 announced a new long-range "Secom Group 2040 Vision" to guide its strategy over the coming decades.
Dividend raised to ¥100; FY27 net profit guided lower
The FY3/2026 annual dividend was raised to ¥100.00 per share (¥50 interim + ¥50 year-end), up ¥2.5 from ¥97.5, for a consolidated payout ratio of 36.2%. For FY3/2027, management guides revenue of ¥1,313,500 million (+4.5%) and operating profit of ¥165,500 million (+3.2%), but ordinary profit of ¥176,000 million (-3.4%) and net profit attributable to owners of ¥105,800 million (-6.1%), with EPS of ¥261.58. The guided dip in profit reflects mainly the expectation that this year's strong U.S. investment-partnership gains will not repeat; the dividend is set to rise further to ¥120.00 (¥60 interim + ¥60 year-end).
| Metric | FY3/2026 | FY3/2025 | YoY |
|---|---|---|---|
| Revenue (¥M) | 1,256,896 | 1,199,942 | +4.7% |
| Operating profit (¥M) | 160,333 | 144,297 | +11.1% |
| Ordinary profit (¥M) | 182,160 | 175,123 | +4.0% |
| Net profit attrib. (¥M) | 112,662 | 108,109 | +4.2% |
| EPS (¥) | 276.17 | 259.97 | +6.2% |
| Annual dividend (¥) | 100.00 | 97.50 | +2.6% |
| FY27 net profit guidance (¥M) | 105,800 | — | -6.1% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.