SECOM used to chase ambition. Now it writes vision statements.
SECOM promised 10% of revenue from overseas by 2028. It’s at 5.4%, with 18 months to go.
S-1 is a quarter of SECOM’s size. It’s not in SECOM’s revenue.
For now. Verisure is on track to overtake SECOM as early as 2032.
SECOM’s answer to all this? “Peace of Mind through Anticipation.”
Mr. Iida built SECOM on the spirit of “radical challenge.” Where did it go?
With the right changes, we believe SECOM can be re-rated to JPY 10,000 per share.
(Sep 28, 2026)
(Sep 29, 2026)
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