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Japan-Update

Secom likely to post record nine-month profit

Condo sales, data centers contributed to expected 3% gain

Secom enjoyed robust sales of condos with enhanced security measures.

TOKYO -- Secom's operating profit for the nine months ended December apparently climbed 3% on the year to a record 95 billion yen ($848 million), a seventh straight record for the period, thanks to stronger condominium sales and growing use of data centers.

The Japanese security company is expected to post a 7% gain in revenue to around 665 billion yen. The real estate segment apparently enjoyed sharp growth thanks to solid sales of large condominiums in the greater Tokyo area. Condos with enhanced security measures, such as security systems in each unit, proved popular. The data center business drew more commercial customers with heavy data transfer needs. Hacking and cyberattack prevention services also sold well.

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