On May 12, 2023, SECOM CO., LTD. announced in its press release that it has received a letter from Longchamp Asset Management stating that it intends to make proposals at the 2023 Ordinary General Meeting of Shareholders to be held on June 27, 2023, the proposals submitted were as follows, (i) Acquisition of treasury stock: within one year from the Ordinary General Meeting of Shareholders, 21,500,000 shares of the Company's common stock will be acquired, up to a total acquisition price of 180,000,000,000 yen, through the delivery of cash, (ii) Amendments to the Articles of Incorporation Concerning the Handling of Shares Held by Directors, (iii) Amendments to the Articles of Incorporation regarding the number of outside directors: outside directors should make up a majority of the company's directors.
Secom Co., Ltd. is No. 1 in Japan of safety services. Net sales break down by activity as follows:
- safety services (49.1%): installation and maintenance of electronic safety systems (primarily buildings access control systems, explosive control systems, electronic equipments of possessions and persons identification, anti-intrusion alarms), VIP protection, funds and valuable objects transportation, etc.;
- medical services (15.8%): home care services, medicines delivery services, sale of medical equipments, etc.;
- sale, installation and maintenance of protection against fire systems (12.4%);
- business process outsourcing and ICT services (10.3%) ;
- insurance services (5.3%): fire, automotive and health insurance;
- geospatial data broadcasting (4.7%);
- development and promotion of real estate assets (2.4%): primarily residential buildings with advanced safety systems.
Japan accounts for 96.1% of net sales.