| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 1058.97 | -31 |
| Intrinsic value (DCF) | 11227.46 | 630 |
| Graham-Dodd Method | 465.90 | -70 |
| Graham Formula | 1396.89 | -9 |
Secure, Inc. (4264.T) is a leading Japanese security solutions provider specializing in advanced access control, surveillance, and AI-driven image analysis systems. Headquartered in Tokyo, the company offers a comprehensive portfolio of security products, including biometric entry/exit management systems (card readers, fingerprint, and facial recognition), intelligent surveillance cameras, and congestion prediction solutions for commercial and public spaces. Secure, Inc. leverages cutting-edge technologies such as artificial intelligence, cloud computing, and IoT to deliver innovative security solutions tailored for offices, retail spaces, factories, and event venues. Operating in the Security & Protection Services sector under Industrials, the company has established itself as a key player in Japan's growing security technology market. With a strong focus on R&D, Secure, Inc. continues to expand its offerings in smart security infrastructure, positioning itself at the forefront of Japan's digital transformation in physical security and surveillance.
Secure, Inc. presents a specialized investment opportunity in Japan's security technology sector, with a niche focus on AI-enhanced surveillance and access control systems. The company's negative beta (-0.301) suggests low correlation with broader market movements, potentially offering portfolio diversification benefits. While revenue stands at ¥6.25 billion, the modest net income of ¥241 million and diluted EPS of ¥48.4 indicate relatively thin margins in this competitive space. The company maintains a solid cash position (¥1.2 billion) against ¥1.43 billion in debt, showing reasonable balance sheet health. Notably, Secure invests significantly in R&D for AI and IoT solutions, which could drive future growth as Japan adopts smarter security infrastructure. However, the lack of dividend payments and modest operating cash flow (¥331 million) may limit appeal to income-focused investors. The investment case hinges on the company's ability to capitalize on Japan's increasing demand for advanced security solutions in commercial and public spaces.
Secure, Inc. competes in Japan's security technology market with a differentiated focus on integrated, AI-powered solutions. The company's competitive advantage lies in its comprehensive product ecosystem combining physical access control, intelligent surveillance, and predictive analytics - a combination few domestic players offer at scale. Its facial recognition and congestion prediction capabilities provide value-added services beyond traditional security systems. However, the company faces challenges from larger electronics conglomerates with greater R&D budgets and international security firms with more established global platforms. Secure's localization expertise and understanding of Japanese regulatory requirements for data privacy and surveillance give it an edge in domestic implementations. The company's relatively small scale (¥6.25B revenue) may limit its ability to compete on price with mass-market security providers, forcing it to maintain a premium positioning based on technological sophistication. Its focus on commercial and public sector clients rather than residential markets helps avoid direct competition with consumer electronics giants. The lack of significant international presence confines its growth potential to the Japanese market, where it must continually innovate to defend its position against both domestic tech firms and multinational security solution providers expanding into Japan.