SECURE,INC.
4264・Growth Market・Information & Communication
SECURE, INC. (Single Segment)
A single-segment company providing one-stop AI × physical security solutions
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (Q1 FY2026, cumulative) | ¥2,371 million | ¥1,810 million (Q1 FY2025) | ↑ |
| Operating profit (Q1 FY2026, cumulative) | ¥234 million | ¥152 million (Q1 FY2025) | ↑ |
| Ordinary profit (Q1 FY2026, cumulative) | ¥227 million | ¥145 million (Q1 FY2025) | ↑ |
| Quarterly net profit attributable to owners of parent (Q1 FY2026, cumulative) | ¥150 million | ¥96 million (Q1 FY2025) | ↑ |
| Gross profit (Q1 FY2026, cumulative) | ¥960 million | ¥733 million (Q1 FY2025) | ↑ |
| Total assets (end of Q1 FY2026) | ¥6,928 million | ¥5,257 million (end of FY2025) | ↑ |
| Net assets (end of Q1 FY2026) | ¥4,019 million | ¥2,926 million (end of FY2025) | ↑ |
| Equity ratio (end of Q1 FY2026) | 58.0% | 55.7% (end of FY2025) | ↑ |
| Quarterly net profit per share | ¥26.56 | ¥19.07 (Q1 FY2025) | ↑ |
| Full-year net sales forecast (FY2026) | ¥8,206 million | ¥6,841 million (FY2025 actual) | ↑ |
| Full-year operating profit forecast (FY2026) | ¥620 million | ¥326 million (FY2025 actual) | ↑ |
Business Details
With three core services—the access control system (SECURE AC), surveillance camera system (SECURE VS), and image analysis service (SECURE Analytics)—the company provides one-stop solutions to a broad customer base ranging from SMEs to large enterprises. Sales through sales partners account for approximately 90% of total sales, with a cumulative installation track record of over 13,000 companies. Its AI facial recognition-related products hold a 50.8% market share (2025 estimate, on a volume basis) in access control applications. In Q1 FY2026, both flagship products performed well, with SECURE AC up 71.3% year on year and SECURE VS up 16.1% year on year.
Recent Overview
Substantial increases in both revenue and profit, with Q1 net sales up 31% and operating profit up 54% year on year; TTG made a subsidiary and capital and business alliance concluded with Ricoh Japan
In Q1 FY2026 (ending March 2026) (January-March), net sales were ¥2,371 million (up 31.0% year on year) and operating profit was ¥234 million (up 54.0% year on year), representing substantial growth in both revenue and profit. SECURE AC increased 71.3% year on year due to large-scale projects and higher unit prices, while SECURE VS increased 16.1% year on year, driven by large-scale projects for logistics facilities and data centers. In March 2026, the company received a third-party allotment of new shares from Ricoh Japan (increasing capital stock and capital surplus by ¥479 million each) and concluded a capital and business alliance. Effective April 1, 2026, the company made TOUCH TO GO Co., Ltd. (TTG), an unmanned checkout system provider, a subsidiary (acquisition cost of ¥842 million, acquiring a 56.2% voting rights ratio). The full-year earnings forecast remains unchanged, with net sales of ¥8,206 million (up 20.0% year on year) and operating profit of ¥620 million (up 90.1% year on year).
Key Products
Growth Drivers
- Advancement of AI facial recognition technology and maintenance/expansion of the 50.8% market share (2025 estimate) in access control applications
- Revenue growth from SECURE AC's acquisition of large-scale projects and rising per-project unit prices (up 71.3% year on year in Q1 FY2026)
- Steady progress of SECURE VS's large-scale projects for logistics facilities and data centers as well as medium- and small-scale projects (up 16.1% year on year)
- Expansion of unmanned checkout and labor-saving solutions and full-scale entry into the retail DX market through the acquisition of TOUCH TO GO Co., Ltd. (TTG) as a subsidiary
- Utilization of the customer base of approximately 1 million business establishments nationwide and joint creation of new solutions through the capital and business alliance with Ricoh Japan
- Synergies with TTG (cost reduction through utilization of the nationwide installation and maintenance network, cross-selling, and integration of "payment × security")
- Broad customer touchpoints through sales partners (accounting for approximately 90% of sales) and continued transactions with major customers such as ALSOK and CBC
- Creation of new demand driven by growing needs for labor-saving and unmanned operations and advances in AI technology
Risks
- Customer concentration risk with ALSOK (32.5% of sales) and CBC (10.8% of sales)
- Risk of rising procurement costs due to semiconductor shortages and yen depreciation
- Increasing number of competing vendors and entry of overseas companies pursuing low-price strategies
- Risk of medium- to long-term slowdown in market growth due to population decline and reduced building supply
- Constraints on R&D and system development capabilities due to a shortage of AI and IT specialists
- Profit pressure from increased selling, general and administrative expenses (¥725 million in Q1 FY2026, up 24.9% year on year)
- Risks related to goodwill recognition, integration costs, and achieving early profitability associated with the TTG acquisition
- Financial burden from an increase in short-term borrowings (¥600 million at the end of Q1 FY2026, up ¥400 million from the end of the prior fiscal year)
- Risk of deteriorating business environment due to macroeconomic uncertainties such as US tariff policy, Japan-China relations, and the Middle East situation
Last updated: March 27, 2026