ENVALITH
高千穂交易株式会社 logo

TAKACHIHO KOHEKI CO., LTD.

2676Prime MarketWholesale Trade

高千穂交易株式会社 logo
TAKACHIHO KOHEKI CO., LTD.2676

Cloud Service & Support

Core segment providing one-stop sales, installation, and maintenance of security systems

PeriodCurrentPreviousChange
Net sales¥15,152 million¥13,708 million
Operating profit (segment profit)¥1,402 million¥1,153 million
Segment assets¥11,057 million¥10,256 million
Depreciation¥38 million¥31 million
Orders received¥16,015 million¥14,787 million
Order backlog¥6,822 million¥5,959 million
Purchase performance¥9,796 million¥8,342 million

Business Details

A new segment formed from the integration of the former "Cloud Service & Support" and "System" segments, effective from FY2026 (ending March 2026). It comprises four product categories: Retail Solutions, Business Solutions, Global, and Maintenance Services. The segment offers a broad range of solutions, from security systems for the retail and distribution industry to access control and surveillance camera systems for data centers and offices, advanced fire protection systems for Southeast Asia, and cloud services such as MSP services. It provides 24/7/365 support from 300 service locations nationwide.

Recent Overview

Both net sales and operating profit rose sharply, driven by demand for security solutions for data centers and offices

In FY2026 (ending March 2026), the Business Security segment recorded net sales of ¥15,152 million (up 10.5% year on year) and operating profit of ¥1,402 million (up 21.6% year on year), marking substantial growth in both revenue and profit. The Business Solutions product category grew 15.0% year on year on strong demand for access control systems and surveillance cameras for data centers and offices, while the Global product category grew 23.3% year on year due to large-scale fire protection system projects and the effect of yen depreciation. Meanwhile, the Maintenance Services product category declined 4.0% year on year due to the discontinuation of maintenance for some products. The order backlog increased to ¥6,822 million, and revenue contribution in the next period is expected.

Key Products

product
Retail Solutions product category

System design, sales, installation, and operational support for merchandise surveillance systems, video surveillance systems, security tags, RFID tags, and peripheral equipment. Serves a wide range of customers from shopping centers to drugstores. In FY2026 (ending March 2026), large-scale projects for apparel-targeted RFID systems and surveillance cameras performed well.

platform
Business Solutions product category

Sales, design, and installation of cloud services (including MSP services), cloud-based wireless LAN systems, access control systems, video surveillance systems, network-related equipment, and mail inserting systems. Targets corporate facilities such as office buildings, data centers, and factories. In FY2026 (ending March 2026), revenue grew 15.0% year on year to ¥5,455 million, the largest growth among the categories.

service
Global product category

Design, construction, equipment installation, and sales of advanced fire protection systems for office buildings, commercial facilities, power generation/energy-related plants, and natural gas/petrochemical plants. Handled by Guardfire Limited, Guardfire Singapore Pte. Ltd., and Takachiho Fire, Security & Services (Thailand) Ltd. In FY2026 (ending March 2026), revenue rose 23.3% year on year to ¥3,627 million.

service
Maintenance Services product category

Maintenance, system operation outsourcing, and monitoring services for products handled in the Business Security segment. Provides 24/7/365 support from 300 service locations nationwide. In FY2026 (ending March 2026), revenue declined 4.0% year on year to ¥1,818 million due to the discontinuation of maintenance for some products.

platform
MSP Service

A subscription-based service that centrally manages network equipment, security equipment, and other assets in the cloud. A high-value-added service generating stable recurring revenue, and a priority area for reinforcement under the medium-term management plan.

Growth Drivers

  • Continued expansion in demand for access control systems and surveillance cameras for data centers and offices
  • Strengthening of a stable revenue base through expanded subscription contracts for MSP services and cloud services
  • Expanded sales of RFID systems for the apparel market and launch of crime-prevention cloud services
  • Increased customer spending through the addition of new product categories such as cyber and OT security
  • Expanded global rollout of advanced fire protection systems for Southeast Asia and Thailand
  • Improved visibility into next-period revenue from an order backlog of ¥6,822 million (up 14.5% year on year)
  • Deepening of multi-product cross-selling through a loyal customer strategy

Risks

  • Risk of declining maintenance service revenue due to the discontinuation of maintenance for some products (already recorded a 4.0% year-on-year decline in FY2026, ending March 2026)
  • Risk of increased procurement costs from yen depreciation (while the Global product category benefits from yen weakness, it also raises the cost of imported goods)
  • Price pressure from intensifying competition and difficulty differentiating services
  • Intensifying competition with major IT vendors in the cloud services market
  • Risk of supply chain disruption due to US trade policy and geopolitical risks
  • Risk of reduced capital expenditure by customers due to Middle East tensions and financial/capital market volatility
  • Risk of short-term margin pressure from growth investments (increased SG&A expenses) preceding revenue growth

Last updated: June 22, 2026