Secom Co., Ltd.

セコム株式会社

Industrials · Security & Protection Services

SECOM CO., LTD., together with its subsidiaries, provides security services in Japan and internationally. The company operates through Security Services, Fire Protection Services, Medical Services, Insurance Services, Geospatial Information Services, BPO and ICT Services, and Other Services segments. The Security Services segment offers static guard, armored car, merchandise, and other services, as well as online security systems. The Fire Protection Services segment provides fire alarm systems, fire extinguishing systems, and maintenance services to office buildings, production facilities, tunnels, cultural properties, ships, and residences. The Medical Services segment offers home nursing, pharmaceutical dispensing, home delivery services, health and preventative care services, and personal and outpatient care services. This segment also operates the general hospital and residences for seniors; and sells medical equipment and pharmaceuticals. The Insurance Services Segment provides fire insurance, automobile insurance, and cancer treatment insurance services. The Geospatial Information Services segment offers geospatial information services to national and local governments; private sector customers; and overseas government agencies. The BPO and ICT Services segment provides contact centers and back-office support services, data center, disaster preparedness, information security, and cloud-based services, as well as SaaS solutions. The Other Services segment offers real estate leasing, construction, and installation services. The company was incorporated in 1962 and is headquartered in Tokyo, Japan.

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Price

¥6,350

Market Cap

¥2.6T

Ent. Value

¥2.3T

Net Cash

¥364.6B

Shares Out.

415.7M

P / E

24.4×

EV / EBIT

15.8×

P / Book

2.08×

P / NCAV

9.74×

Div. Yield

2.28%

Financials

Metric	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Net Sales	¥1,199.9B	¥1,154.7B	¥1,101.3B	¥1,049.9B
Cost of Sales	¥828.8B	¥797.5B	¥758.9B	¥712.2B
Gross Profit	¥371.2B	¥357.3B	¥342.5B	¥337.7B
SG&A	¥226.9B	¥216.6B	¥205.8B	¥194.2B
Operating Income	¥144.3B	¥140.7B	¥136.7B	¥143.5B
Non-Operating Income	¥36.5B	¥31.6B	¥23.3B	¥15.0B
Dividend Income	¥1.0B	¥889M	¥783M	¥670M
Interest Income	¥3.7B	¥2.7B	¥1.6B	¥1.2B
Non-Operating Expenses	¥5.6B	¥5.4B	¥3.9B	¥5.3B
Interest Expense	¥1.3B	¥1.1B	¥869M	¥837M
Ordinary Income	¥175.1B	¥166.9B	¥156.1B	¥153.2B
Pre-tax Income	¥174.9B	¥163.8B	¥153.4B	¥152.0B
Income Taxes	¥49.6B	¥49.6B	¥47.2B	¥46.3B
Current Tax	¥47.5B	¥47.8B	¥44.8B	¥45.0B
Deferred Tax	¥2.0B	¥1.8B	¥2.5B	¥1.2B
Net Income (owners)	¥108.1B	¥102.0B	¥96.1B	¥94.3B
Minority Interest	¥17.2B	¥12.3B	¥10.0B	¥11.5B
Comprehensive Income	¥135.0B	¥154.9B	¥121.5B	¥118.4B
EBITDA	¥221.5B	¥212.4B	¥205.6B	¥211.0B
Goodwill Amort. (J-GAAP)	¥6.6B	¥6.6B	¥6.4B	¥5.7B
EPS	¥259.97	¥482.04	¥445.02	¥431.27
Shares Outstanding	415.7M	210.5M	214.5M	218.1M
Shares Issued (total)	466.6M	233.3M	233.3M	233.3M
Treasury Shares	50.9M	22.8M	18.8M	15.2M

Metric	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	¥2,145.6B	¥2,080.8B	¥1,989.1B	¥1,907.8B
Current Assets	¥968.8B	¥937.6B	¥1,007.5B	¥986.2B
Cash & Deposits	¥408.8B	¥440.9B	¥522.4B	¥522.4B
Trade Receivables	¥169.9B	¥162.3B	¥157.5B	¥149.9B
Non-Current Assets	¥1,176.8B	¥1,143.2B	¥981.5B	¥921.6B
PP&E	¥449.2B	¥432.3B	¥403.8B	¥390.5B
Goodwill	¥58.8B	¥63.5B	¥70.5B	¥60.0B
Intangible Assets	¥122.6B	¥124.9B	¥132.8B	¥115.2B
Investment Securities	¥435.6B	¥425.7B	¥298.4B	¥276.2B
Deferred Tax Assets	¥26.6B	¥23.3B	¥27.4B	¥27.4B
Total Liabilities	¥697.8B	¥690.1B	¥673.0B	¥651.7B
Current Liabilities	¥379.3B	¥378.3B	¥377.5B	¥361.8B
Accounts Payable	¥41.1B	¥41.0B	¥47.0B	¥44.3B
ST Debt	¥31.6B	¥26.9B	¥29.1B	¥32.2B
Taxes Payable	¥25.9B	¥26.9B	¥22.8B	¥25.0B
Non-Current Liabilities	¥318.5B	¥311.7B	¥295.5B	¥290.0B
Total LT Borrowings	¥12.5B	¥13.6B	¥15.4B	¥15.1B
Pension Obligations	¥21.6B	¥22.3B	¥23.9B	¥21.9B
Deferred Tax Liab.	¥25.3B	¥19.8B	¥10.9B	¥6.9B
Total Equity	¥1,447.7B	¥1,390.7B	¥1,316.0B	¥1,256.0B
Capital Stock	¥66.4B	¥66.4B	¥66.4B	¥66.4B
Capital Surplus	¥68.9B	¥71.8B	¥70.3B	¥70.3B
Retained Earnings	¥1,230.7B	¥1,162.3B	¥1,100.8B	¥1,043.8B
Treasury Stock	¥-176.7B	¥-150.0B	¥-109.2B	¥-79.4B
AOCI	¥81.1B	¥73.9B	¥36.1B	¥21.5B
Equity (owners)	¥1,189.2B	¥1,150.5B	¥1,128.3B	¥1,101.1B
Minority Interests	¥177.4B	¥166.3B	¥151.6B	¥133.5B

Total Interest-Bearing Debt ⓘ	¥44.1B	¥40.5B	¥44.5B	¥47.3B
Net Cash ⓘ	¥364.6B	¥400.4B	¥477.9B	¥475.1B
NCAV ⓘ	¥271.0B	¥247.5B	¥334.5B	¥334.5B
NCAV/Share	¥652	¥1,176	¥1,559	¥1,534
BV/Share	¥2,861	¥5,466	¥5,259	¥5,049

Metric	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	¥167.8B	¥165.8B	¥146.4B	¥164.9B
Interest Paid	¥-1.3B	¥-1.1B	¥-884M	¥-841M
Interest Received	¥18.1B	¥12.7B	¥11.3B	¥9.9B
D&A	¥70.6B	¥65.2B	¥62.5B	¥61.8B
Goodwill Amort.	¥6.6B	¥6.6B	¥6.4B	¥5.7B
Investing CF	¥-100.8B	¥-162.3B	¥-70.4B	¥-55.4B
CapEx	¥77.5B	¥81.3B	¥49.8B	¥53.1B
Purchase Investments	¥-16.5B	¥-60.2B	¥-48.6B	¥-31.7B
Financing CF	¥-85.2B	¥-95.5B	¥-77.8B	¥-87.4B
Dividends Paid	¥-39.7B	¥-40.5B	¥-39.1B	¥-38.2B
LT Debt Repaid	¥-1.8B	¥-2.1B	¥-4.6B	¥-3.1B
Free Cash Flow	¥90.3B	¥84.5B	¥96.6B	¥111.8B
Net Change in Cash	¥-15.8B	¥-89.4B	¥-310M	¥23.9B

Metric	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	8.7%	8.5%	8.4%	8.6%
ROA	5.1%	5.0%	4.9%	4.9%
EPS	¥259.97	¥482.04	¥445.02	¥431.27
DPS	¥145.00	¥190.00	¥185.00	¥180.00
BPS	¥3,056.12	¥5,816.74	¥5,427.63	¥5,147.30
FCF/Share	¥217	¥401	¥450	¥513
NCAV/Share	¥652	¥1,176	¥1,559	¥1,534
Payout Ratio	55.8%	39.4%	41.6%	41.7%

Event Timeline

S Shareholder A Capital Signal

Large Shareholder Reports 4

Date	Activist	Stake	Event	Flag	Demands
2025-09-19	Sumitomo Mitsui Trust Asset Management Co.,Ltd.	6.23%	change	Passive	—
2025-06-17	BlackRock Japan Co., Ltd.	8.45% +1.1%	change	Passive	—
2023-10-16	Mitsubishi UFJ Financial Group Inc.	5.18%	change	Passive	—
2023-06-06	BlackRock Japan Co., Ltd.	7.35%	change	Passive	—

Capital Allocation Signals 1

Date	Type	Amount	Summary
2026-05-12 15:30	Buyback	¥100.0B 5.7%	Secom board resolved on May 12, 2026 to repurchase up to 23 million shares (5.69% of outstanding shares) for a maximum o…
Summary Secom board resolved on May 12, 2026 to repurchase up to 23 million shares (5.69% of outstanding shares) for a maximum of ¥100 billion through open market purchases on the Tokyo Stock Exchange between May 13, 2026 and February 25, 2027. All repurchased shares will be cancelled as of March 31, 2027, representing a capital efficiency and shareholder return initiative aligned with the company's sustainable growth strategy. Deadline: 2027-02-25 % of Shares: 5.7% Shares: 23,000,000 Source (JP) 当社は、2026年５月12日開催の取締役会において、以下のとおり自己株式取得に係る事項について決議するとともに、会社法第178条の規定に基づき、以下のとおり自己株式を消却することを決議しました自己株式取得に係る事項の決定および自己株式の消却に係る事項の決定に関するお知らせ TDnet PDF

#	Shareholder	Shares (thou.)	% of Total
1	Japan Master Trust Bank 日本マスタートラスト信託銀行株式会社(信託口)	93,804	22.56%
2	Japan Custody Bank 株式会社日本カストディ銀行(信託口)	38,276	9.20%
3	JP MORGAN CHASE BANK 380055((常代)株式会社みずほ銀行決済営業部)	18,669	4.49%
4	The Master Trust Bank of Japan, Ltd. (Trust Account) 日本マスタートラスト信託銀行株式会社(リテール信託口820079272)	13,481	3.24%
5	STATE STREET BANK WEST CLIENT-TREATY 505234((常代)株式会社みずほ銀行決済営業部)	10,485	2.52%
6	公益財団法人セコム科学技術振興財団	8,050	1.93%
7	STATE STREET BANK AND TRUST COMPANY 505001 ((常代)株式会社みずほ銀行決済営業部)	7,533	1.81%
8	JP MORGAN CHASE BANK 385781((常代)株式会社みずほ銀行決済営業部)	5,751	1.38%
9	STATE STREET BANK AND TRUST COMPANY 505103 ((常代)株式会社みずほ銀行決済営業部)	5,371	1.29%
10	Citibank, N.A. GOVERNMENT OF NORWAY ((常代)シティバンク、エヌ・エイ東京支店)	5,142	1.23%

as of 2025-03-31 Source: EDINET ↗

Ownership by year — hover bars for detail

Domestic Nominees

35.0%

+0.5% vs 2024

Trust bank custodians — GPIF, pensions, investment trusts

Foreign Custodians

1.2%

+1.2% vs 2024

Sub-custodians for foreign asset managers

Direct / Strategic

13.4%

-0.7% vs 2024

Named entities with disclosed investment intent

Shareholder	Trend	2023	2024	2025
Japan Master Trust Bank 日本マスタートラスト信託銀行		23.71%	25.55%	25.80% +0.25%
みずほ銀行		7.85%	12.16%	11.49% -0.67%
Japan Custody Bank 日本カストディ銀行		8.76%	8.91%	9.20% +0.29%
公益財団法人セコム科学技術振興財団		1.87%	1.91%	1.93% +0.02%
Citibank NEW ENTRY		1.15%	—	1.23% NEW
State Street last seen 2023	Exited Top 10	1.18%	—	—
飯田亮 last seen 2023	Exited Top 10	1.97%	—	—
Concentration (HHI) ⓘ		711	884	888

3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved

Portfolio Book Value ¥26,225M +36% since 2023

Holdings 64 +6 new 6 exited

Trend 6 building vs 2023

Held Company	FY2025 ¥26,225M total		FY2023 ¥19,229M total
	Book Val ¥M	Shares	Book Val ¥M	Shares
Shochiku Co;Ltd. 松竹㈱	7,016	570,000	6,515	570,000
Mitsubishi UFJ Financial Group, Inc. ㈱三菱ＵＦＪフィナンシャル・グループ	3,331	1,656,660	1,404	1,656,660
TAKACHIHO KOHEKI CO.,LTD. 高千穂交易㈱	1,764	450,000	1,112	450,000
HOCHIKI CORPORATION ホーチキ㈱	1,056	420,000	650	420,000
Tosnet Co., Ltd. ㈱トスネット	993	720,000	648	720,000	M
Sanyo Homes Corporation サンヨーホームズ㈱	903	1,300,000	932	1,300,000
譬ｪ蠑丈ｼ夂､ｾ繧ｽ繝ｩ繧ｳ繝 ㈱ソラコム	872	NEW New 962,400	—
Tokio Marine Holdings, Inc. 東京海上ホールディングス㈱	862	150,345	382	150,345
Japan Airport Terminal Co.,Ltd. 日本空港ビルデング㈱	822	200,000	1,320	200,000
Mizuho Financial Group, Inc. ㈱みずほフィナンシャルグループ	759	187,433	351	187,433
Sumitomo Realty & Development Co.,Ltd. 住友不動産㈱	687	123,000	366	123,000
MatsukiyoCocokara & Co ㈱マツキヨココカラ＆カンパニー	617	+200.0% ↑ 264,000	616	88,000
譬ｪ蠑丈ｼ夂､ｾ隘ｿ譌･譛ｬ繝輔ぅ繝翫Φ繧ｷ繝｣繝ｫ繝帙�ｼ繝ｫ繝�繧｣繝ｳ繧ｰ繧ｹ㈱西日本フィナンシャルホールディングス	439	210,062	228	210,062
THE SHIGA BANK,LTD. ㈱滋賀銀行	315	60,000	160	60,000
YAMATO HOLDINGS CO.,LTD. ヤマトホールディングス㈱	309	158,000	358	158,000
繧ｵ繧､繝舌�ｼ繝医Λ繧ｹ繝域ｪ蠑丈ｼ夂､ｾサイバートラスト㈱	295	+100.0% ↑ 128,000	201	64,000
Resona Holdings, Inc. ㈱りそなホールディングス	287	223,400	142	223,400
Kyushu Financial Group,Inc. ㈱九州フィナンシャルグループ	228	310,303	148	310,303
Chugin Financial Group, Inc. ㈱ちゅうぎんフィナンシャルグループ	220	132,000	117	132,000
AKEBONO BRAKE INDUSTRY CO.,LTD. 曙ブレーキ工業㈱	214	NEW New 2,000,000	—
izumico.,ltd ㈱イズミ	208	66,000	207	66,000
繧ｻ繝ｼ繝輔ぅ繝ｼ譬ｪ蠑丈ｼ夂､ｾセーフィー㈱	200	250,000	187	250,000
Sumitomo Mitsui Financial Group, Inc. ㈱三井住友フィナンシャルグループ	193	+200.0% ↑ 51,024	90	17,008
Shizuoka Financial Group, Inc. ㈱しずおかフィナンシャルグループ	187	115,500	109	115,500
HOTEL NEW GRAND CO.,LTD ㈱ホテル、ニューグランド	185	32,000	124	32,000
AEON Co.,Ltd. イオン㈱	177	+2.7% ↑ 47,204	117	45,970
ONO PHARMACEUTICAL CO., LTD. 小野薬品工業㈱	160	100,000	276	100,000
Suruga Bank Ltd. スルガ銀行㈱	155	115,500	53	115,500	M
SAPPORO HOLDINGS LIMITED サッポロホールディングス㈱	152	20,000	68	20,000
SENKO Group Holdings Co.,Ltd. センコーグループホールディングス㈱	150	100,000	94	100,000
㈱コンコルディア・フィナンシャルグループ	147	149,913	73	149,913
AUTOBACS SEVEN CO.,LTD. ㈱オートバックスセブン	141	94,089	135	94,089
T&D Holdings, Inc. ㈱Ｔ＆Ｄホールディングス	130	41,040	67	41,040
TOKYO OHKA KOGYO CO., LTD. 東京応化工業㈱	120	+200.0% ↑ 39,000	99	13,000
Yamaguchi Finacial Group,Inc. ㈱山口フィナンシャルグループ	119	67,855	55	67,855
The Yamagata Bank, Ltd. ㈱山形銀行	114	80,850	81	80,850
共栄セキュリティサービス㈱	113	45,000	127	45,000
The Kiyo Bank, Ltd. ㈱紀陽銀行	99	43,039	63	43,039
Tokyo Kiraboshi Financial Group, Inc. ㈱東京きらぼしフィナンシャルグループ	93	16,000	42	16,000
Juroku Financial Group, Inc. ㈱十六フィナンシャルグループ	88	18,282	51	18,282
United Super Markets Holdings Inc. ユナイテッド・スーパーマーケット・ホールディングス㈱	86	NEW New 104,791	—
ACOM CO.,LTD. アコム㈱	83	220,000	70	220,000
AEON Financial Service Co.,Ltd. イオンフィナンシャルサービス㈱	83	63,246	78	63,246
TOMONY Holdings,Inc. トモニホールディングス㈱	80	150,000	52	150,000
THE BANK OF SAGA LTD. ㈱佐賀銀行	79	34,290	55	34,290	M
The Bank of Nagoya, Ltd. ㈱名古屋銀行	78	10,000	31	10,000
Procrea Holdings, Inc. ㈱プロクレアホールディングス	78	46,013	96	46,013
Bank of The Ryukyus,Limited ㈱琉球銀行	73	64,100	59	64,100
MEDIPAL HOLDINGS CORPORATION ㈱メディパルホールディングス	71	30,690	55	30,690
Fukuoka Financial Group, Inc. ㈱ふくおかフィナンシャルグループ	65	16,703	42	16,703
KDDI CORPORATION ＫＤＤＩ㈱	65	13,800	56	13,800
PIGEON CORPORATION ピジョン㈱	64	34,992	71	34,992
SAWAI GROUP HOLDINGS Co., Ltd. サワイグループホールディングス㈱	59	+200.0% ↑ 30,000	36	10,000
Aichi Financial Group Co., Ltd. ㈱あいちフィナンシャルグループ	58	20,338	43	20,338
WOWOW Co., Ltd. ㈱ＷＯＷＯＷ	56	56,000	70	56,000
Mitsuuroko Group Holdings Co.,Ltd. ㈱ミツウロコグループホールディングス	51	29,000	37	29,000
The Bank of Iwate,Ltd. ㈱岩手銀行	47	15,202	32	15,202	M
Japan Transcity Corporation 日本トランスシティ㈱	45	NEW New 50,881	—
The Awa Bank,Ltd. ㈱阿波銀行	43	NEW New 15,120	—		M
The Musashino Bank, Ltd. ㈱武蔵野銀行	41	NEW New 12,700	—
Jimoto Holdings,Inc. ㈱じもとホールディングス	—		—
RETAIL PARTNERS CO., LTD. ㈱リテールパートナーズ	—		—
The Ehime Bank, Ltd. ㈱愛媛銀行	—		—
トシン・グループ㈱	—		—
KISOJI CO., LTD. ㈱木曽路	—	−100% Exit —	37	16,837
inageya co.,ltd. ㈱いなげや	—	−100% Exit —	143	111,518
曙ブレ－キ工業㈱	—	−100% Exit —	290	2,000,000
㈱じもとホールディングズ	—	−100% Exit —	38	100,000
Imperial Hotel, Ltd. ㈱帝国ホテル	—	−100% Exit —	38	20,000
Joshin Denki Co., Ltd. 上新電機㈱	—	−100% Exit —	32	16,500
Portfolio total	26,225		19,229

Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding