Reported Earnings • Aug 05
First quarter 2027 earnings released: EPS: JP¥16.66 (vs JP¥13.27 in 1Q 2026) First quarter 2027 results: EPS: JP¥16.66 (up from JP¥13.27 in 1Q 2026). Revenue: JP¥145.9b (up 3.4% from 1Q 2026). Net income: JP¥8.09b (up 26% from 1Q 2026). Profit margin: 5.5% (up from 4.6% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. Declared Dividend • Jul 25
Final dividend of JP¥16.50 announced Shareholders will receive a dividend of JP¥16.50. Ex-date: 29th September 2026 Payment date: 3rd December 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jul 01
Alsok Co.,Ltd. (TSE:2331) and The Carlyle Group Inc. (NasdaqGS:CG) completed the acquisition of an additional 83.59% stake in Nippon Dry-Chemical Co., Ltd. (TSE:1909). Alsok Co.,Ltd. (TSE:2331) and The Carlyle Group Inc. (NasdaqGS:CG) proposed to acquire an additional 83.59% stake in Nippon Dry-Chemical Co., Ltd. (TSE:1909) for ¥83.6 billion on May 13, 2026. A cash consideration of ¥83.57 billion will be paid by Alsok Co.,Ltd. and The Carlyle Group Inc. As part of consideration, ¥83.57 billion is paid towards common equity of Nippon Dry-Chemical Co., Ltd.
The transaction is subject to approval of merger agreement by target board and minimum tender. The Board of Directors of Nippon Dry-Chemical Co., Ltd. formed a special committee for the transaction. The deal has been approved by the board of Nippon Dry-Chemical Co., Ltd to recommend its shareholders to tender their shares in the tender offer. After the tender offer has been successfully completed, the tender offerors intends to undertake a squeeze-out by way of share consolidation. The expected completion of the transaction is June 29, 2026.
Alsok Co.,Ltd. (TSE:2331) and The Carlyle Group Inc. (NasdaqGS:CG) completed the acquisition of an additional 83.59% stake in Nippon Dry-Chemical Co., Ltd. (TSE:1909) on June 29, 2026. Duyuru • Jun 11
Alsok Co.,Ltd. to Report Q1, 2027 Results on Aug 04, 2026 Alsok Co.,Ltd. announced that they will report Q1, 2027 results on Aug 04, 2026 Major Estimate Revision • May 22
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2027 has improved. 2027 revenue forecast increased from JP¥623.5b to JP¥632.8b. EPS estimate increased from JP¥74.03 to JP¥82.43 per share. Net income forecast to grow 19% next year vs 9.0% growth forecast for Commercial Services industry in Japan. Consensus price target broadly unchanged at JP¥1,404. Share price rose 4.8% to JP¥1,147 over the past week. New Risk • May 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 97% Dividend yield: 2.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 13
Full year 2026 earnings: Revenues and EPS in line with analyst expectations Full year 2026 results: EPS: JP¥68.49 (up from JP¥55.41 in FY 2025). Revenue: JP¥597.0b (up 8.2% from FY 2025). Net income: JP¥33.3b (up 23% from FY 2025). Profit margin: 5.6% (up from 4.9% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Duyuru • May 12
Alsok Co.,Ltd., Annual General Meeting, Jun 24, 2026 Alsok Co.,Ltd., Annual General Meeting, Jun 24, 2026. Duyuru • May 09
Alsok Co.,Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Alsok Co.,Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.60 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥18.66 (vs JP¥15.81 in 3Q 2025) Third quarter 2026 results: EPS: JP¥18.66 (up from JP¥15.81 in 3Q 2025). Revenue: JP¥147.8b (up 7.7% from 3Q 2025). Net income: JP¥9.07b (up 18% from 3Q 2025). Profit margin: 6.1% (up from 5.6% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 18% per year. Duyuru • Dec 05
Alsok Co.,Ltd. (TSE:2331) signed a Share Transfer Agreement to acquire 60% stake in Heiwa Kanzai K.K. from Kubota Corporation (TSE:6326). Alsok Co.,Ltd. (TSE:2331) signed a Share Transfer Agreement to acquire 60% stake in Heiwa Kanzai K.K. from Kubota Corporation (TSE:6326) on December 3, 2025. Upon completion, Hulic Co., Ltd. and Mizuho Bank, Ltd. will continue to hold 35% and 5% stake respectively in Heiwa Kanzai K.K. The transaction is expected to be completed in March 2026. Declared Dividend • Dec 04
First half dividend of JP¥14.60 announced Shareholders will receive a dividend of JP¥14.60. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: JP¥16.82 (vs JP¥11.64 in 2Q 2025) Second quarter 2026 results: EPS: JP¥16.82 (up from JP¥11.64 in 2Q 2025). Revenue: JP¥150.2b (up 12% from 2Q 2025). Net income: JP¥8.17b (up 44% from 2Q 2025). Profit margin: 5.4% (up from 4.2% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Duyuru • Nov 04
Alsok Co.,Ltd. to Report Q3, 2026 Results on Feb 03, 2026 Alsok Co.,Ltd. announced that they will report Q3, 2026 results on Feb 03, 2026 Duyuru • Sep 23
Alsok Co.,Ltd. to Report Q2, 2026 Results on Nov 05, 2025 Alsok Co.,Ltd. announced that they will report Q2, 2026 results on Nov 05, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥13.60 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥13.27 (vs JP¥8.36 in 1Q 2025) First quarter 2026 results: EPS: JP¥13.27 (up from JP¥8.36 in 1Q 2025). Revenue: JP¥141.2b (up 9.4% from 1Q 2025). Net income: JP¥6.44b (up 54% from 1Q 2025). Profit margin: 4.6% (up from 3.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 29
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Kenji Iwasaki was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 09
Final dividend of JP¥13.60 announced Shareholders will receive a dividend of JP¥13.60. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 25
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥55.41 (up from JP¥52.95 in FY 2024). Revenue: JP¥551.9b (up 5.8% from FY 2024). Net income: JP¥27.1b (up 1.8% from FY 2024). Profit margin: 4.9% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Duyuru • Jun 11
Sohgo Security Services Co.,Ltd. to Report Q1, 2026 Results on Aug 05, 2025 Sohgo Security Services Co.,Ltd. announced that they will report Q1, 2026 results on Aug 05, 2025 Reported Earnings • May 14
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥55.41. Revenue: JP¥551.9b (up 5.8% from FY 2024). Net income: JP¥27.1b (flat on FY 2024). Profit margin: 4.9% (down from 5.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Japan. Duyuru • May 13
Sohgo Security Services Co.,Ltd., Annual General Meeting, Jun 25, 2025 Sohgo Security Services Co.,Ltd., Annual General Meeting, Jun 25, 2025. Duyuru • Apr 08
Sohgo Security Services Co.,Ltd. Announces Board Changes, Effective June 25, 2025 Sohgo Security Services Co.,Ltd. announced retirement of Takashi Kumagai and Yutaka Komatsu as directors. The company also announced retirement of Juichirou Mochizuki and Yoshiaki Nakagawa as Audit & Supervisory Board Member. Effective June 25, 2025. Duyuru • Mar 22
Sohgo Security Services Co.,Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Sohgo Security Services Co.,Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.40 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.1%). Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: JP¥15.32 (vs JP¥13.16 in 3Q 2024) Third quarter 2025 results: EPS: JP¥15.32 (up from JP¥13.16 in 3Q 2024). Revenue: JP¥137.2b (up 3.5% from 3Q 2024). Net income: JP¥7.43b (up 13% from 3Q 2024). Profit margin: 5.4% (up from 5.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 20
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,026. The fair value is estimated to be JP¥1,287, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has declined by 4.6%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are also forecast to grow by 8.2% per annum over the same time period. Duyuru • Dec 17
Sohgo Security Services Co.,Ltd. to Report Q3, 2025 Results on Feb 04, 2025 Sohgo Security Services Co.,Ltd. announced that they will report Q3, 2025 results on Feb 04, 2025 Declared Dividend • Dec 04
First half dividend of JP¥12.40 announced Shareholders will receive a dividend of JP¥12.40. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Nov 12
Price target increased by 10% to JP¥1,098 Up from JP¥998, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥1,111. Stock is up 30% over the past year. The company is forecast to post earnings per share of JP¥56.23 for next year compared to JP¥54.34 last year. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥11.88 (vs JP¥13.21 in 2Q 2024) Second quarter 2025 results: EPS: JP¥11.88 (down from JP¥13.21 in 2Q 2024). Revenue: JP¥134.3b (up 7.6% from 2Q 2024). Net income: JP¥5.80b (down 13% from 2Q 2024). Profit margin: 4.3% (down from 5.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Duyuru • Sep 20
Sohgo Security Services Co.,Ltd. to Report Q2, 2025 Results on Nov 06, 2024 Sohgo Security Services Co.,Ltd. announced that they will report Q2, 2025 results on Nov 06, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥12.40 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). Duyuru • Sep 05
Sohgo Security Services Co.,Ltd. (TSE:2331) agreed to acquire Kanso Co., Ltd. from H2O Shopping Center Development Co., Ltd. Sohgo Security Services Co.,Ltd. (TSE:2331) agreed to acquire Kanso Co., Ltd. from H2O Shopping Center Development Co., Ltd. on September 4, 2024.
For the period ending March 31, 2024, Kanso Co., Ltd. reported total revenue of ¥6.99 billion, EBIT of ¥142 million and net income of ¥9 million. As of March 31, 2024, Kanso Co., Ltd. reported total assets of ¥9.07 billion and total common equity of ¥7.81 billion.
The expected completion of the transaction is December 1, 2024. Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: JP¥8.60 (vs JP¥10.26 in 1Q 2024) First quarter 2025 results: EPS: JP¥8.60 (down from JP¥10.26 in 1Q 2024). Revenue: JP¥129.0b (up 6.1% from 1Q 2024). Net income: JP¥4.29b (down 18% from 1Q 2024). Profit margin: 3.3% (down from 4.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year. Buy Or Sell Opportunity • Aug 02
Now 22% undervalued Over the last 90 days, the stock has risen 4.7% to JP¥913. The fair value is estimated to be JP¥1,175, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has declined by 3.6%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 5.4% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥12.40 announced Shareholders will receive a dividend of JP¥12.40. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 2.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jun 13
Price target increased by 7.5% to JP¥976 Up from JP¥908, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥961. Stock is up 20% over the past year. The company is forecast to post earnings per share of JP¥57.00 for next year compared to JP¥54.34 last year. Reported Earnings • May 18
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥54.34 (up from JP¥47.32 in FY 2023). Revenue: JP¥521.4b (up 5.9% from FY 2023). Net income: JP¥27.3b (up 14% from FY 2023). Profit margin: 5.2% (up from 4.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.7%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Duyuru • May 15
Sohgo Security Services Co.,Ltd. (TSE:2331) announces an Equity Buyback for 17,700,000 shares, representing 3.53% for ¥15,000 million. Sohgo Security Services Co.,Ltd. (TSE:2331) announces a share repurchase program. Under the program, the company will repurchase up to 17,700,000 shares, representing 3.53% of its share capital, for ¥15,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and as part of our shareholder return policy. The program will expire on October 31, 2024. As of March 31, 2024, the company had 500,744,110 shares in issue (excluding treasury stock) and 9,456,100 shares in treasury. Duyuru • Apr 02
Sohgo Security Services Co.,Ltd., Annual General Meeting, Jun 25, 2024 Sohgo Security Services Co.,Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥8.70 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%). Duyuru • Mar 10
Sohgo Security Services Co.,Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Sohgo Security Services Co.,Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Duyuru • Feb 16
Sohgo Security Services Co.,Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 Sohgo Security Services Co.,Ltd. provided Dividend Guidance for the Fiscal Year Ending March 31, 2024. For the fiscal year ending March 31, 2024, the company expects to pay year-end dividend of JPY 8.70 per share compared to JPY 43.00 per share a year ago. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥13.16 (vs JP¥11.90 in 3Q 2023) Third quarter 2024 results: EPS: JP¥13.16 (up from JP¥11.90 in 3Q 2023). Revenue: JP¥132.6b (up 8.9% from 3Q 2023). Net income: JP¥6.59b (up 9.4% from 3Q 2023). Profit margin: 5.0% (up from 4.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Duyuru • Dec 17
Sohgo Security Services Co.,Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Sohgo Security Services Co.,Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Duyuru • Nov 29
Sohgo Security Services Co.,Ltd. Announces Dividend for the Second Quarter Ended September 30, 2023, Payable on December 4, 2023; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 Sohgo Security Services Co.,Ltd. announced dividend for the second quarter ended September 30, 2023. For the quarter, the company announced dividend of JPY 8.70 per share compared to JPY 43.00 per share paid a year ago. Scheduled cash dividend payment start date: December 4, 2023. For the fiscal year ending March 31, 2024, the company expects to pay year-end dividend of JPY 8.70 per share compared to JPY 43.00 per share a year ago. Duyuru • Nov 10
Sohgo Security Services Co.,Ltd. Reports Interim Dividend and Revision to Year-End Dividend Forecast for Fiscal Year Ending March 31, 2024, Effective Date December 4, 2023 Sohgo Security Services Co.,Ltd. reported Interim Dividend (Increase) and Revision to Year-end Dividend Forecast for Fiscal year ending March 31, 2024. For the quarter, company reports Dividends per share ¥8.70 as compared toLatest dividend forecast (announced on July 28,2023) ¥8.60. Record date September 30, 2023. Effective date December 4, 2023.For the year, company Revised dividend forecast for Fiscal year ending March 31, 2024 to be ¥43.0 as compared to previous ¥8.70 . Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥13.21 (vs JP¥10.49 in 2Q 2023) Second quarter 2024 results: EPS: JP¥13.21 (up from JP¥10.49 in 2Q 2023). Revenue: JP¥124.8b (up 2.2% from 2Q 2023). Net income: JP¥6.66b (up 25% from 2Q 2023). Profit margin: 5.3% (up from 4.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥8.60 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.9%). Duyuru • Sep 06
Sohgo Security Services Co.,Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Sohgo Security Services Co.,Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥51.32 (vs JP¥8.80 in 1Q 2023) First quarter 2024 results: EPS: JP¥51.32 (up from JP¥8.80 in 1Q 2023). Revenue: JP¥121.6b (up 6.7% from 1Q 2023). Net income: JP¥5.20b (up 17% from 1Q 2023). Profit margin: 4.3% (up from 3.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Jul 29
Sohgo Security Services Co.,Ltd. (TSE:2331) announces an Equity Buyback for 6,500,000 shares, representing 1.28% for ¥5,000 million. Sohgo Security Services Co.,Ltd. (TSE:2331) announces a share repurchase program. Under the program, the company will repurchase up to 6,500,000 shares, representing 1.28% of its share capital, for ¥5,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and as part of our shareholder return policy. The program will expire on November 30, 2023. As of July 1, 2023, the company had 506,287,920 shares in issue (excluding treasury stock) and 3,912,290 shares in treasury. Duyuru • Jun 11
Sohgo Security Services Co.,Ltd. to Report Q1, 2024 Results on Jul 28, 2023 Sohgo Security Services Co.,Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • May 17
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥237 (down from JP¥286 in FY 2022). Revenue: JP¥492.2b (flat on FY 2022). Net income: JP¥24.0b (down 17% from FY 2022). Profit margin: 4.9% (down from 5.9% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • May 14
Sohgo Security Services Co.,Ltd., Annual General Meeting, Jun 27, 2023 Sohgo Security Services Co.,Ltd., Annual General Meeting, Jun 27, 2023. Duyuru • May 13
Sohgo Security Services Co.,Ltd. Announces Personnel Changes SOHGO SECURITY SERVICES CO., LTD. announced the following personnel changes. Personnel Changes of Executive Officers: Kengo Takeda: Current Position: Executive Officer, Chief Officer of Regional Division(IX). New Position: Executive Officer, Chief Officer of Regional Division(I). Effective June 20, 2023. Yoshio Kumazaki: Current Position: Senior Executive Officer, Chief Officer of Regional Division(I). New Position: Executive Officer, In Charge of Stationed Security (Tokyo) President and Representative Director of ALSOK STATIONED SECURITY CO., LTD. Effective June 20, 2023. Tetsuya Tsuburayai: Current Position: Executive Officer, General Manager of General Affairs Department, Second in Charge of General Affairs. New Position: Executive Officer, Chief Officer of Regional Division(IV), Chief Officer of Regional Division(V). Effective June 28, 2023. Retiring Executive Officer: Masayuki Chikaoka, Executive Officer, Chief Officer of Regional Division(IV) and Kenichi Kakimoto, Executive Officer, Chief Officer of Regional Division(V).Effective June 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥43.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.2%). Reported Earnings • Feb 01
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: JP¥59.49 (down from JP¥69.53 in 3Q 2022). Revenue: JP¥121.8b (up 2.8% from 3Q 2022). Net income: JP¥6.02b (down 14% from 3Q 2022). Profit margin: 4.9% (down from 5.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Duyuru • Dec 14
Sohgo Security Services Co.,Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Sohgo Security Services Co.,Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 4 independent directors (7 non-independent directors). Group CEO, CTO & Representative Director Tsuyoshi Murai is the most experienced director on the board, commencing their role in 2016. Independent Outside Director Masahiko Mishima was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: JP¥52.42 (down from JP¥98.77 in 2Q 2022). Revenue: JP¥122.0b (down 4.9% from 2Q 2022). Net income: JP¥5.31b (down 47% from 2Q 2022). Profit margin: 4.3% (down from 7.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.