# SECOM CO., LTD.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第65期(2025/04/01－2026/03/31) (S100YICV)
> Page: https://vizora.meequs.com/en/company/secom
> Retrieved: 2026-09-30T20:58:11.956Z

## Company

Secom, founded in 1962, is a company in Security Services listed on TSE Prime. It has 65,094 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | SECOM CO., LTD. |
| Ticker | 9735 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/9735.T) |
| Listing | TSE Prime |
| Head office | 東京都渋谷区神宮前一丁目5番1号 |
| Representative (per filing) | 代表取締役社長 吉田保幸 |
| Founded | Jul 1962 |
| Share capital | ¥66.4B |
| Employees (consolidated) | 65,094 |
| Average salary (parent only) | ¥6.7M |
| Fiscal year end | March |
| Website | www.secom.co.jp (https://www.secom.co.jp/) |
| Corporate number | 6011001035920 |
| EDINET | E04773 |
| Industries (Vizora) | Security Services, Disaster Prevention & Infrastructure Maintenance, Hospitals & Medical Services, Nursing Care, Non-life Insurance, Business Process Outsourcing, Cybersecurity |

> Profile source: annual securities report (S100YICV, filed 2026-06-24). As of filing

## Five-axis industry profile

Primary industry: Security Services (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 35.7 | 7 |
| Profitability | 92.9 | 7 |
| Cash conversion | 78.6 | 7 |
| Efficiency | 7.1 | 7 |
| Financial strength | 62.5 | 4 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 53% of Secom's sales come from Security services, with Fire protection services and BPO & ICT making up much of the rest.
- Out of every ¥100 of sales, about ¥13 is left as operating profit.
- Revenue changed +4.7% from the prior year, operating profit +11.1%.

## Company structure

- Segment revenue mix: Security services 52.6%、Fire protection services 14.9%、BPO & ICT 10.3%、Medical services 7.3%、Insurance services 5.2%
- Revenue → net income: ¥1256896000000 → ¥128102000000
- Net income → operating cash flow: ¥128102000000 → ¥203566000000（difference ¥75464000000）
- Main uses of operating cash flow: CapEx ¥90569000000 / dividends ¥41151000000 / buybacks —
- Change in cash: ¥-1729000000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥1.26T |  |
| Operating income | ¥160.3B | Margin 12.8% |
| Net income | ¥112.7B | Margin 9.0% |
| Free cash flow | ¥113B |  |
| Largest business | Security services | of segment revenue 52.6% |
| Employees (consolidated) | 65,094 |  |
| EPS | ¥247.09 |  |
| Book value per share | ¥2243.44 |  |
| Equity ratio | 58.9% |  |
| Shares outstanding | 466,599,796 |  |
| Treasury shares | 62,138,600 |  |
| Shareholders | 36,062 |  |
| Average salary (parent only) | ¥6.7M | Filing company only |
| Cash ratio | 18.2% | Net cash ¥366.1B · Cash ÷ revenue 32.4% |
| Vs. industry median margin | +6 pp | Security Services |
| ROE | 9.4% | Derived from disclosed figures |
| ROA | 5.1% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 67% of positive segment profit

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1035898000000 | ¥1256896000000 | +21.3% |
| Operating income | ¥136925000000 | ¥160333000000 | +17.1% |
| Operating margin | 13.2% | 12.8% | -0.5 pp |
| Employees | 59,436 people | 65,094 people | +9.5% |
| Cash and equivalents | ¥490039000000 | ¥406675000000 | -17.0% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| セキュリティサービス → セキュリティサービス | 52.6% |
| セキュリティサービス → 事業再編・廃止 | 1.1% |
| 防災 → 防災 | 13.8% |
| メディカルサービス → メディカルサービス | 6.9% |
| 保険 → 保険 | 4.8% |
| 地理空間情報サービス → 地理空間情報サービス | 4.8% |
| 地理空間情報サービス → 事業再編・廃止 | 0.5% |
| BPO-ICT → BPO-ICT | 10.3% |
| BPO-ICT → 事業再編・廃止 | 0.5% |
| その他 → その他 | 4.8% |
| 新設・再編 → 防災 | 1.1% |
| 新設・再編 → メディカルサービス | 0.4% |
| 新設・再編 → 保険 | 0.4% |
| 新設・再編 → その他 | 0.1% |

Segment revenue source references: 14 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Security services | 5 years | +3.5% | ¥660602000000 | 18.7% | 2 |
| Fire protection services | 5 years | +5.5% | ¥186884000000 | 13.2% | 2 |
| BPO & ICT | 5 years | +3.0% | ¥129901000000 | 6.9% | 2 |
| Medical services | 5 years | +5.2% | ¥92086000000 | 6.8% | 2 |
| Insurance services | 5 years | +5.7% | ¥65401000000 | 9.1% | 2 |
| Other | 5 years | +4.4% | ¥61375000000 | 15.1% | 2 |
| Geospatial information services | 5 years | +2.0% | ¥60645000000 | 8.9% | 2 |

## Income statement（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 1,256,896 | 100.0% | S100YICV |
| Cost of revenue | 858,093 | 68.3% | S100YICV |
| Gross profit | 398,803 | 31.7% | S100YICV |
| SG&A | 238,469 | 19.0% | S100YICV |
| Operating income | 160,333 | 12.8% | S100YICV |
| Ordinary income | 182,160 | 14.5% | S100YICV |
| Pretax income | 180,076 | 14.3% | S100YICV |
| Income tax | 51,974 | 4.1% | S100YICV |
| Net income | 128,102 | 10.2% | S100YICV |
| Net income attributable to owners | 112,662 | 9.0% | S100YICV |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 68 |
| SG&A | 19 |
| Operating income | 13 |
| (Ref.) Net income | 9 |

### Margin funnel

Gross margin 31.7% → Operating margin 12.8% → Net margin 9.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +4.7%; Core profit growth: +11.1%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.34×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 1,199,942 | 1,256,896 | 56,954 | +4.7% |
| Gross profit | 371,153 | 398,803 | 27,650 | +7.4% |
| Operating income | 144,297 | 160,333 | 16,036 | +11.1% |
| Net income attributable to owners | 108,109 | 112,662 | 4,553 | +4.2% |
| Operating cash flow | 167,842 | 203,566 | 35,724 | +21.3% |
| Free cash flow | 72,581 | 112,997 | 40,416 | +55.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 1,060,070 | 142,858 | 13.5% | 89,080 | 175,559 | 105,771 | S100LOKE |
| FY ending Mar 2021 | 1,035,898 | 136,925 | 13.2% | 74,681 | 181,932 | 123,822 | S100OHK9 |
| FY ending Mar 2022 | 1,049,859 | 143,499 | 13.7% | 94,273 | 164,911 | 101,240 | S100R4G7 |
| FY ending Mar 2023 | 1,101,307 | 136,700 | 12.4% | 96,085 | 146,426 | 85,088 | S100TRNW |
| FY ending Mar 2024 | 1,154,740 | 140,658 | 12.2% | 101,951 | 165,760 | 71,339 | S100W3TS |
| FY ending Mar 2025 | 1,199,942 | 144,297 | 12.0% | 108,109 | 167,842 | 72,581 | S100YICV |
| FY ending Mar 2026 | 1,256,896 | 160,333 | 12.8% | 112,662 | 203,566 | 112,997 | S100YICV |

## People and productivity（FY ending Mar 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥19.3M |
| Operating income per employee (consolidated) | ¥2.5M |
| Net income per employee (consolidated) | ¥1.7M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 59,745 | 65,087 | 64,744 | 64,655 | 65,094 |
| Average salary (parent company) | ¥5.9M | ¥6M | ¥6.2M | ¥6.6M | ¥6.7M |
| Average age (parent company) | 43.5 years | 44.0 years | 44.4 years | 44.7 years | 44.5 years |
| Average tenure (parent company) | 17.1 years | 17.6 years | 18.0 years | 18.2 years | 18.0 years |

Year over year: Employees (consolidated) +0.7% · Revenue (consolidated) +4.7%

## Segments（FY ending Mar 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Security services | 660,602 | 52.6% | 123,826 | 18.7% |
| Fire protection services | 186,884 | 14.9% | 24,748 | 13.2% |
| Medical services | 92,086 | 7.3% | 6,239 | 6.8% |
| Insurance services | 65,401 | 5.2% | 5,970 | 9.1% |
| Geospatial information services | 60,645 | 4.8% | 5,395 | 8.9% |
| BPO & ICT | 129,901 | 10.3% | 8,988 | 6.9% |
| Other | 61,375 | 4.9% | 9,290 | 15.1% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Security services | 52.6% | 67.1% | 14.6 | 18.7% |
| Fire protection services | 14.9% | 13.4% | -1.5 | 13.2% |
| Medical services | 7.3% | 3.4% | -3.9 | 6.8% |
| Insurance services | 5.2% | 3.2% | -2.0 | 9.1% |
| Geospatial information services | 4.8% | 2.9% | -1.9 | 8.9% |
| BPO & ICT | 10.3% | 4.9% | -5.5 | 6.9% |
| Other | 4.9% | 5.0% | 0.2 | 15.1% |

Segment → industry: Security services → Security Services / Fire protection services → Disaster Prevention & Infrastructure Maintenance / Medical services → Hospitals & Medical Services / Medical services → Nursing Care / Insurance services → Non-life Insurance / Geospatial information services → Disaster Prevention & Infrastructure Maintenance / BPO & ICT → Business Process Outsourcing / BPO & ICT → Cybersecurity

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 203,566 | 16.2% | S100YICV |
| Capital expenditure | 90,569 | 7.2% | S100YICV |
| Free cash flow | 112,997 | 9.0% | 算出 |
| Investing cash flow | -88,607 | -7.0% | S100YICV |
| Financing cash flow | -118,110 | -9.4% | S100YICV |
| Dividends paid | 41,151 | 3.3% | S100YICV |
| Change in cash | -1,729 | -0.1% | S100YICV |
| Cash and equivalents | 406,675 | 32.4% | S100YICV |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 513,902 | 513,592 | 424,173 | 408,404 | 406,675 | S100TRNW, S100W3TS, S100YICV |
| Total assets | 1,907,755 | 1,989,062 | 2,080,781 | 2,145,576 | 2,230,127 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Net assets | 1,256,036 | 1,316,047 | 1,390,689 | 1,447,736 | 1,499,682 | S100TRNW, S100W3TS, S100YICV |
| Share capital | 66,419 | 66,427 | 66,427 | 66,427 | 66,427 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Property, plant and equipment | 390,467 | 403,837 | 432,321 | 449,240 | 464,449 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Intangible assets excluding goodwill | 115,228 | 132,772 | 124,871 | 122,560 | 126,538 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Goodwill | 59,996 | 70,496 | 63,505 | 58,782 | 56,051 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Investment securities | 276,230 | 298,364 | 425,696 | 435,635 | 480,821 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Current assets | 986,202 | 1,007,547 | 937,580 | 968,815 | 981,653 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Current liabilities | 361,750 | 377,482 | 378,343 | 379,324 | 405,391 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Trade payables | 44,271 | 46,985 | 41,003 | 41,130 | 48,858 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Short-term borrowings | 32,159 | 29,085 | 26,910 | 31,577 | 28,742 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Long-term borrowings | 11,650 | 12,349 | 10,924 | 10,138 | 9,648 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Bonds | 3,489 | 3,081 | 2,683 | 2,411 | 2,139 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Interest-bearing debt | 47,298 | 44,515 | 40,517 | 44,126 | 40,529 | 算出 |
| Total liabilities | 651,719 | 673,015 | 690,092 | 697,840 | 730,444 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Non-controlling interests | 133,499 | 151,621 | 166,314 | 177,388 | 185,122 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Equity attributable to owners of parent | 1,101,084 | 1,128,343 | 1,150,483 | 1,189,247 | 1,201,567 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Retained earnings | 1,043,766 | 1,100,791 | 1,162,259 | 1,230,672 | 1,302,182 | S100R4G7, S100TRNW, S100W3TS, S100YICV |
| Treasury stock | -79,436 | -109,224 | -149,978 | -176,716 | -236,671 | S100R4G7, S100TRNW, S100W3TS, S100YICV |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 18% | S100YICV |
| Property, plant and equipment | 21% | S100YICV |
| Intangibles and goodwill | 8% | S100YICV |
| Investment securities | 22% | S100YICV |
| Other assets | 31% | S100YICV |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 2% | S100YICV |
| Interest-bearing debt | 2% | 算出 |
| Other liabilities | 29% | S100YICV |
| Equity | 67% | S100YICV |
| Other liabilities | 0% | S100YICV |

### Balance sheet history

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 1,907,755 | 1,989,062 | 2,080,781 | 2,145,576 | 2,230,127 |
| Equity | 1,256,036 | 1,316,047 | 1,390,689 | 1,447,736 | 1,499,682 |
| Interest-bearing debt | 47,298 | 44,515 | 40,517 | 44,126 | 40,529 |
| Cash | 513,902 | 513,592 | 424,173 | 408,404 | 406,675 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 37.0% | S100YICV |
| Fixed assets ÷ total assets | 20.8% | S100YICV |
| Goodwill ÷ parent equity | 4.7% | S100YICV |

Goodwill over 4 years: 59,996 → 56,051 JPY; total investing cash flow: -477,471 JPY. This does not imply causation.

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 18.2% |
| Cash ÷ revenue | 32.4% |
| Net cash (cash − interest-bearing debt) | ¥366.1B |
| Net debt ÷ operating cash flow | -1.80× |
| Cash conversion (operating CF ÷ operating income) | 127.0% |
| Cash vs. profit gap | 90,904 JPY mn (of net income 80.7%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 36.5% |
| Shareholder payments — dividends / FCF | 36.4% |
| CapEx intensity (capex ÷ revenue) | 7.2% |
| Investing CF relative to operating CF | 43.5% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 9.0% | 0.55× | 4.9% | 1.73× | 8.6% | S100R4G7 |
| 2023 | 8.7% | 0.57× | 4.9% | 1.75× | 8.6% | S100TRNW |
| 2024 | 8.8% | 0.57× | 5.0% | 1.79× | 8.9% | S100W3TS |
| 2025 | 9.0% | 0.57× | 5.1% | 1.81× | 9.2% | S100YICV |
| 2026 | 9.0% | 0.57× | 5.1% | 1.83× | 9.4% | S100YICV |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社(信託口) | Major shareholder | 21.2% | 2026-03-31 |
| 株式会社日本カストディ銀行(信託口) | Major shareholder | 8.9% | 2026-03-31 |
| JP MORGAN CHASE BANK 380055((常代)株式会社みずほ銀行決済営業部) | Major shareholder | 4.6% | 2026-03-31 |
| 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) | Major shareholder | 3.3% | 2026-03-31 |
| 公益財団法人セコム科学技術振興財団 | Major shareholder | 2.0% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505001((常代)株式会社みずほ銀行決済営業部) | Major shareholder | 1.7% | 2026-03-31 |
| JP MORGAN CHASE BANK 385781((常代)株式会社みずほ銀行決済営業部) | Major shareholder | 1.5% | 2026-03-31 |
| GOVERNMENT OF NORWAY ((常代)シティバンク、エヌ・エイ東京支店) | Major shareholder | 1.2% | 2026-03-31 |
| HSBC HONG KONG-TREASURY SERVICES A/C ASIAN EQUITIES DERIVATIVES ((常代)香港上海銀行東京支店） | Major shareholder | 1.1% | 2026-03-31 |
| THE CHASE MANHATTAN BANK,N.A. LONDONSECS LENDING OMNIBUS ACCOUNT ((常代)株式会社みずほ銀行決済営業部) | Major shareholder | 1.1% | 2026-03-31 |

## AI commentary（text by AI; the tables above are authoritative、claude-code）

- Revenue for FY ending Mar 2026 was ¥1.26T, up +4.7% from ¥1.2T.
- Operating income grew faster, rising +11.1% from ¥144.3B to ¥160.3B.
- Net income attributable to owners reached ¥112.7B, a smaller gain of +4.2%.
- Cash generation improved more sharply: operating cash flow rose +21.3% to ¥203.6B and free cash flow +55.7% to ¥113B.

### Drivers

- In security services, online security systems for businesses and homes sold steadily, and price increases and more on-site guarding added revenue
- Fire protection sold more fire alarm systems and improved its cost ratio
- Net income lagged partly because gains from investment partnerships in the US and elsewhere fell

### Risks

- A shrinking labor pool could make it hard to hire enough staff to keep services running
- Earthquakes, storms and floods can disrupt services and also hit the insurance business
- Acquisitions that fall short of expectations could lead to goodwill impairments

Cited: Annual Securities Report, 65th fiscal term (経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析); Annual Securities Report, 65th fiscal term (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第65期(2025/04/01－2026/03/31) | S100YICV | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YICV,, |
| 有価証券報告書－第64期(2024/04/01－2025/03/31) | S100W3TS | 2025-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W3TS,, |
| 有価証券報告書－第63期(2023/04/01－2024/03/31) | S100TRNW | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TRNW,, |
| 有価証券報告書－第62期(2022/04/01－2023/03/31) | S100R4G7 | 2023-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R4G7,, |
| 有価証券報告書－第61期(令和3年4月1日－令和4年3月31日) | S100OHK9 | 2022-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OHK9,, |
| 有価証券報告書－第60期(令和2年4月1日－令和3年3月31日) | S100LOKE | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LOKE,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).