SECOM CO., LTD. announces an Equity Buyback for 4,500,000 shares, representing 2.11% for ¥30,000 million.
August 09, 2023 at 02:00 am EDT
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SECOM CO., LTD. (TSE:9735) announces a share repurchase program. Under the program, the company will repurchase up to 4,500,000 shares, representing 2.11% of its issued share capital, ¥30,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency through agile acquisition of treasury stock.
The program will continue through December 22, 2023. As of June 30, 2023, the company had 212,936,493 issued shares (excluding treasury stock) and 20,363,405 treasury shares.
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. 
