ALSOK CO.,LTD. (2331) Stock Price

Market cap
¥638.5B
P/E ratio
18.5x
ALSOK provides comprehensive security services including home and business protection systems, on-site guards, and cash transport across Japan and Southeast Asia.

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Business Overview

ALSOK (Comprehensive Security Assurance) operates four main business segments: security services, facility management (FM), care services, and overseas operations.

The security services segment includes four divisions: mechanical security systems, HOME ALSOK, on-site security, and security transport. For mechanical security, ALSOK provides security systems such as ALSOK-G7, with security guards dispatched to locations when incidents occur. HOME ALSOK offers residential security services for individual customers and also provides monitoring services for elderly clients.

The on-site security division deploys security personnel at facilities to manage access control and conduct patrols. The company also handles event security and personal protection services. The security transport division transports cash and valuables and provides ATM management services.

The FM business maintains and improves building asset value by providing repair and management services, cleaning, and fire and disaster prevention operations. The care services segment provides in-home care services and facility-based care services, as well as sales and rental of welfare equipment.

The overseas business, primarily in Southeast Asia, operates on-site security, mechanical security systems, disaster prevention, cleaning, and building management services. The company provides services tailored to each country's needs and supports business continuity.

Management Policy

ALSOK (Comprehensive Security Assurance) is pursuing a growth strategy centered on its security business while expanding into new fields. In particular, the company aims to provide comprehensive safety and security services by leveraging synergies with its care services and overseas operations. Additionally, in 2025, the company will change its corporate name to "ALSOK Inc." to enhance brand value.

The company is working to improve profitability by expanding its security business and promoting operational rationalization and efficiency. As key management metrics, the company emphasizes "consolidated operating profit margin on sales" and "ROE (consolidated return on equity)," targeting above 10% in the medium term. This approach aims to optimize the use of shareholder capital.

As a medium to long-term management strategy, ALSOK is promoting new services leveraging its existing security infrastructure to address diversifying risks. The company is advancing digitalization and data utilization, creating an environment where employees can thrive, and strengthening sustainability initiatives. These efforts enhance the company's ability to meet society's growing safety and security needs.

To respond to changes in the business environment, ALSOK is addressing rising production costs and diverse safety and security needs. The company provides a range of services including cybersecurity measures and business continuity planning (BCP) solutions, and leverages external alliances to expand its solution offerings.

With advancing digitalization, ALSOK is focusing on strengthening customer communication and creating new services through data utilization. The company is improving productivity through business process reengineering and creating new added value. These initiatives enhance competitive strength.

To build an environment where employees can excel, ALSOK is recruiting diverse talent, offering flexible work arrangements, and advancing employee development. These efforts increase employee engagement and promote workplace reforms across the group. The company is establishing systems and environments that maximize employee potential.

Regarding sustainability initiatives, ALSOK is strengthening governance and pursuing sustainable growth and enhanced corporate value. Through CSR activities, the company contributes to achieving the SDGs and is reducing greenhouse gas emissions. The company is also working on EV vehicle adoption and ecosystem conservation.

In response to large-scale disasters and infectious diseases, ALSOK has established response manuals based on business continuity plans and disaster management protocols. The company has built a nationwide rapid response system and conducts regular training and drills. The company also supports customers in developing contingency plans.

In overseas business expansion, ALSOK leverages expertise developed in Japan to provide services tailored to each country's needs. Particularly in Indonesia, the company is advancing subsidiary integration and strengthening business expansion in ASEAN. The company has established a framework to meet international safety and security needs.

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