WatahanLtd（3199）株式概要綿半＆Co,Ltd.は子会社を通じて、日本で小売業、建設業、貿易業を営んでいる。 詳細3199 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績4/6財務の健全性3/6配当金4/6報酬株価収益率（ 12 x） JP市場（ 13.8 x）を下回っています。過去1年間で収益は2.6%増加しました リスク分析負債は営業キャッシュフローで十分にカバーされていない 2.19%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る3199 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥1.37k6.3% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0165b2016201920222025202620282031Revenue JP¥164.8bEarnings JP¥2.6bAdvancedSet Fair ValueView all narrativesWatahan & Co.,Ltd. 競合他社MakiyaSymbol: TSE:9890Market cap: JP¥11.9bIK HOLDINGSLtdSymbol: TSE:2722Market cap: JP¥2.9bKusuri No Aoki HoldingsSymbol: TSE:3549Market cap: JP¥345.2bTRIAL HoldingsSymbol: TSE:141AMarket cap: JP¥364.4b価格と性能株価の高値、安値、推移の概要WatahanLtd過去の株価現在の株価JP¥1,369.0052週高値JP¥1,690.0052週安値JP¥1,340.00ベータ0.211ヶ月の変化-3.93%3ヶ月変化-7.25%1年変化-13.35%3年間の変化1.33%5年間の変化10.85%IPOからの変化300.29%最新ニュース分析記事 • May 18We Think WatahanLtd's (TSE:3199) Healthy Earnings Might Be ConservativeWatahan & Co.,Ltd.'s ( TSE:3199 ) recent earnings report didn't offer any surprises, with the shares unchanged over the...New Risk • May 13New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.1% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.New Risk • May 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.Reported Earnings • May 12Full year 2026 earnings released: EPS: JP¥111 (vs JP¥105 in FY 2025)Full year 2026 results: EPS: JP¥111 (up from JP¥105 in FY 2025). Revenue: JP¥135.5b (up 1.4% from FY 2025). Net income: JP¥2.13b (up 2.6% from FY 2025). Profit margin: 1.6% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • May 11Watahan & Co.,Ltd., Annual General Meeting, Jun 26, 2026Watahan & Co.,Ltd., Annual General Meeting, Jun 26, 2026.Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).最新情報をもっと見るRecent updates分析記事 • May 18We Think WatahanLtd's (TSE:3199) Healthy Earnings Might Be ConservativeWatahan & Co.,Ltd.'s ( TSE:3199 ) recent earnings report didn't offer any surprises, with the shares unchanged over the...New Risk • May 13New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.1% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.New Risk • May 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.Reported Earnings • May 12Full year 2026 earnings released: EPS: JP¥111 (vs JP¥105 in FY 2025)Full year 2026 results: EPS: JP¥111 (up from JP¥105 in FY 2025). Revenue: JP¥135.5b (up 1.4% from FY 2025). Net income: JP¥2.13b (up 2.6% from FY 2025). Profit margin: 1.6% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • May 11Watahan & Co.,Ltd., Annual General Meeting, Jun 26, 2026Watahan & Co.,Ltd., Annual General Meeting, Jun 26, 2026.Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥47.71 (vs JP¥45.39 in 3Q 2025)Third quarter 2026 results: EPS: JP¥47.71 (up from JP¥45.39 in 3Q 2025). Revenue: JP¥37.2b (up 4.2% from 3Q 2025). Net income: JP¥925.0m (up 2.1% from 3Q 2025). Profit margin: 2.5% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.分析記事 • Jan 31WatahanLtd's (TSE:3199) Upcoming Dividend Will Be Larger Than Last Year'sWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...お知らせ • Jan 31Watahan & Co.,Ltd. (TSE:3199) announces an Equity Buyback for 700,000 shares, representing 3.61% for ¥989.8 million.Watahan & Co.,Ltd. (TSE:3199) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 3.61% of its issued share capital (excluding treasury stock) for ¥989 million. The shares will be repurchased at ¥1,414 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of December 31, 2025, the company had 19,388,015 issued shares (excluding treasury stock) and 570,925 treasury shares.分析記事 • Oct 29WatahanLtd's (TSE:3199) Upcoming Dividend Will Be Larger Than Last Year'sWatahan & Co.,Ltd. ( TSE:3199 ) will increase its dividend from last year's comparable payment on the 8th of June to...Declared Dividend • Oct 29Dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 30th March 2026 Payment date: 8th June 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 74% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.3% EPS decline seen over the last 5 years.Reported Earnings • Oct 28Second quarter 2026 earnings released: EPS: JP¥25.28 (vs JP¥31.28 in 2Q 2025)Second quarter 2026 results: EPS: JP¥25.28 (down from JP¥31.28 in 2Q 2025). Revenue: JP¥33.0b (down 1.2% from 2Q 2025). Net income: JP¥490.0m (down 22% from 2Q 2025). Profit margin: 1.5% (down from 1.9% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 25First quarter 2026 earnings released: EPS: JP¥33.32 (vs JP¥30.91 in 1Q 2025)First quarter 2026 results: EPS: JP¥33.32 (up from JP¥30.91 in 1Q 2025). Revenue: JP¥32.4b (up 1.9% from 1Q 2025). Net income: JP¥645.0m (up 4.7% from 1Q 2025). Profit margin: 2.0% (up from 1.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.お知らせ • Jun 06+ 2 more updatesWatahan & Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026Watahan & Co.,Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026Reported Earnings • May 13Full year 2025 earnings released: EPS: JP¥105 (vs JP¥93.08 in FY 2024)Full year 2025 results: EPS: JP¥105 (up from JP¥93.08 in FY 2024). Revenue: JP¥133.6b (up 4.3% from FY 2024). Net income: JP¥2.08b (up 12% from FY 2024). Profit margin: 1.6% (up from 1.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year.お知らせ • May 12+ 4 more updatesWatahan & Co.,Ltd., Annual General Meeting, Jun 27, 2025Watahan & Co.,Ltd., Annual General Meeting, Jun 27, 2025.分析記事 • Apr 08Watahan & Co.,Ltd. (TSE:3199) Screens Well But There Might Be A CatchThere wouldn't be many who think Watahan & Co.,Ltd.'s ( TSE:3199 ) price-to-earnings (or "P/E") ratio of 11.2x is worth...New Risk • Mar 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows.お知らせ • Mar 28Watahan & Co.,Ltd. to Report Fiscal Year 2025 Results on May 12, 2025Watahan & Co.,Ltd. announced that they will report fiscal year 2025 results on May 12, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.7%).分析記事 • Feb 14WatahanLtd's (TSE:3199) Shareholders Will Receive A Bigger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...Reported Earnings • Jan 31Third quarter 2025 earnings released: EPS: JP¥45.39 (vs JP¥37.93 in 3Q 2024)Third quarter 2025 results: EPS: JP¥45.39 (up from JP¥37.93 in 3Q 2024). Revenue: JP¥35.7b (up 4.5% from 3Q 2024). Net income: JP¥906.0m (up 20% from 3Q 2024). Profit margin: 2.5% (up from 2.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year.分析記事 • Jan 30WatahanLtd's (TSE:3199) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of Watahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be paying its dividend of ¥24.00 on the 9th of...お知らせ • Jan 30Watahan & Co.,Ltd. (TSE:3199) announces an Equity Buyback for 600,000 shares, representing 3.01% for ¥978 million.Watahan & Co.,Ltd. (TSE:3199) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 3.01% of its issued share capital (excluding treasury stock) for ¥978 million. The shares will be repurchased at ¥1,630 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of December 31, 2024, the company had 19,958,605 issued shares (excluding treasury stock) and 335 treasury shares.分析記事 • Jan 09WatahanLtd (TSE:3199) Is Paying Out A Larger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...分析記事 • Dec 09WatahanLtd (TSE:3199) Is Paying Out A Larger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...分析記事 • Nov 27WatahanLtd's (TSE:3199) Shareholders May Want To Dig Deeper Than Statutory ProfitWatahan & Co.,Ltd.'s ( TSE:3199 ) robust recent earnings didn't do much to move the stock. We believe that shareholders...分析記事 • Nov 25WatahanLtd (TSE:3199) Has Announced That It Will Be Increasing Its Dividend To ¥24.00Watahan & Co.,Ltd.'s ( TSE:3199 ) dividend will be increasing from last year's payment of the same period to ¥24.00 on...New Risk • Nov 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio).分析記事 • Oct 30WatahanLtd (TSE:3199) Is Paying Out A Larger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...Declared Dividend • Oct 30Dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 28th March 2025 Payment date: 9th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 14% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 8.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Oct 29Second quarter 2025 earnings released: EPS: JP¥31.28 (vs JP¥27.01 in 2Q 2024)Second quarter 2025 results: EPS: JP¥31.28 (up from JP¥27.01 in 2Q 2024). Revenue: JP¥33.4b (up 3.8% from 2Q 2024). Net income: JP¥624.0m (up 16% from 2Q 2024). Profit margin: 1.9% (up from 1.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year.Reported Earnings • Jul 27First quarter 2025 earnings released: EPS: JP¥30.91 (vs JP¥11.46 in 1Q 2024)First quarter 2025 results: EPS: JP¥30.91 (up from JP¥11.46 in 1Q 2024). Revenue: JP¥31.8b (up 6.9% from 1Q 2024). Net income: JP¥616.0m (up 170% from 1Q 2024). Profit margin: 1.9% (up from 0.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year.分析記事 • May 21WatahanLtd's (TSE:3199) Earnings Offer More Than Meets The EyeWatahan & Co.,Ltd.'s ( TSE:3199 ) solid earnings announcement recently didn't do much to the stock price. We did some...Board Change • May 14Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Kazuyuki Nakajima was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥93.07 (vs JP¥83.14 in FY 2023)Full year 2024 results: EPS: JP¥93.07 (up from JP¥83.14 in FY 2023). Revenue: JP¥128.1b (down 4.6% from FY 2023). Net income: JP¥1.85b (up 12% from FY 2023). Profit margin: 1.4% (up from 1.2% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year.お知らせ • May 12Watahan & Co.,Ltd., Annual General Meeting, Jun 28, 2024Watahan & Co.,Ltd., Annual General Meeting, Jun 28, 2024.お知らせ • Mar 29+ 2 more updatesWatahan & Co.,Ltd. to Report Q1, 2025 Results on Jul 25, 2024Watahan & Co.,Ltd. announced that they will report Q1, 2025 results on Jul 25, 2024お知らせ • Mar 28Watahan & Co.,Ltd. to Report Fiscal Year 2024 Results on May 10, 2024Watahan & Co.,Ltd. announced that they will report fiscal year 2024 results on May 10, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.5%).分析記事 • Feb 27WatahanLtd (TSE:3199) Is Increasing Its Dividend To ¥23.00Watahan & Co.,Ltd.'s ( TSE:3199 ) dividend will be increasing from last year's payment of the same period to ¥23.00 on...Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥37.93 (vs JP¥34.53 in 3Q 2023)Third quarter 2024 results: EPS: JP¥37.93 (up from JP¥34.53 in 3Q 2023). Revenue: JP¥34.2b (down 5.9% from 3Q 2023). Net income: JP¥756.0m (up 10.0% from 3Q 2023). Profit margin: 2.2% (up from 1.9% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥27.00 (vs JP¥18.66 in 2Q 2023)Second quarter 2024 results: EPS: JP¥27.00 (up from JP¥18.66 in 2Q 2023). Revenue: JP¥32.2b (down 3.3% from 2Q 2023). Net income: JP¥538.0m (up 45% from 2Q 2023). Profit margin: 1.7% (up from 1.1% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year.Reported Earnings • Jul 28First quarter 2024 earnings released: EPS: JP¥11.46 (vs JP¥16.72 in 1Q 2023)First quarter 2024 results: EPS: JP¥11.46 (down from JP¥16.72 in 1Q 2023). Revenue: JP¥29.8b (down 3.9% from 1Q 2023). Net income: JP¥228.0m (down 31% from 1Q 2023). Profit margin: 0.8% (down from 1.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥83.14 (vs JP¥111 in FY 2022)Full year 2023 results: EPS: JP¥83.14 (down from JP¥111 in FY 2022). Revenue: JP¥134.3b (up 17% from FY 2022). Net income: JP¥1.65b (down 25% from FY 2022). Profit margin: 1.2% (down from 1.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.お知らせ • May 13Watahan & Co.,Ltd., Annual General Meeting, Jun 23, 2023Watahan & Co.,Ltd., Annual General Meeting, Jun 23, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥22.00 per share at 1.6% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%).お知らせ • Feb 01+ 1 more updateWatahan & Co.,Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2023Watahan & Co.,Ltd. provided year-end dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expects to pay year-end dividend of JPY 22.00 per share against JPY 21.00 per share paid for the same period a year ago.Reported Earnings • Feb 01Third quarter 2023 earnings released: EPS: JP¥34.53 (vs JP¥40.49 in 3Q 2022)Third quarter 2023 results: EPS: JP¥34.53 (down from JP¥40.49 in 3Q 2022). Revenue: JP¥36.3b (up 17% from 3Q 2022). Net income: JP¥687.0m (down 15% from 3Q 2022). Profit margin: 1.9% (down from 2.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Junko Sakamoto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 28Second quarter 2023 earnings released: EPS: JP¥18.66 (vs JP¥28.72 in 2Q 2022)Second quarter 2023 results: EPS: JP¥18.66 (down from JP¥28.72 in 2Q 2022). Revenue: JP¥33.3b (up 20% from 2Q 2022). Net income: JP¥371.0m (down 35% from 2Q 2022). Profit margin: 1.1% (down from 2.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 28+ 1 more updateWatahan & Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Watahan & Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the fiscal year, the company expects net sales to be JPY 125,000 million. Operating profit to be JPY 2,950 million. Profit attributable to owners of parent to be JPY 2,250 million. Basic earnings per share to be JPY 113.31.Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥16.72 (vs JP¥11.96 in 1Q 2022)First quarter 2023 results: EPS: JP¥16.72 (up from JP¥11.96 in 1Q 2022). Revenue: JP¥31.0b (up 19% from 1Q 2022). Net income: JP¥332.0m (up 40% from 1Q 2022). Profit margin: 1.1% (up from 0.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year.お知らせ • Jul 29+ 1 more updateWatahan & Co.,Ltd. Provides Dividend Guidance for the Year Ending March 31, 2023Watahan & Co.,Ltd. provided dividend guidance for the year ending March 31, 2023. For the period, the company expects dividend to be JPY 22 per share compared to JPY 21 per share a year ago.Reported Earnings • May 19Full year 2022 earnings released: EPS: JP¥111 (vs JP¥96.92 in FY 2021)Full year 2022 results: EPS: JP¥111 (up from JP¥96.92 in FY 2021). Revenue: JP¥114.5b (flat on FY 2021). Net income: JP¥2.20b (up 15% from FY 2021). Profit margin: 1.9% (up from 1.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.お知らせ • May 14+ 2 more updatesWatahan & Co.,Ltd. Provides Earnings Guidance for the Six Months Period Ending September 30, 2022; Fiscal Year Ending March 31, 2023Watahan & Co.,Ltd. provided earnings guidance for the six months period ending September 30, 2022 and fiscal year ending March 31, 2023. For the six months, the company expects net sales to be JPY 61,971 million. Operating profit to be JPY 1,042 million. Profit attributable to owners of parent to be JPY 810 million. Basic earnings per share to be JPY 40.79. For the fiscal year, the company expects net sales to be JPY 125,000 million. Operating profit to be JPY 2,950 million. Profit attributable to owners of parent to be JPY 2,250 million. Basic earnings per share to be JPY 113.31.お知らせ • May 13Watahan & Co.,Ltd., Annual General Meeting, Jun 24, 2022Watahan & Co.,Ltd., Annual General Meeting, Jun 24, 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Junko Sakamoto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 14+ 2 more updatesWatahan & Co.,Ltd. to Report Q2, 2023 Results on Oct 27, 2022Watahan & Co.,Ltd. announced that they will report Q2, 2023 results on Oct 27, 2022お知らせ • Apr 08Watahan & Co.,Ltd. to Report Fiscal Year 2022 Results on May 13, 2022Watahan & Co.,Ltd. announced that they will report fiscal year 2022 results on May 13, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.6%).お知らせ • Jan 28+ 1 more updateWatahan & Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022Watahan & Co.,Ltd. provides consolidated earnings guidance for the fiscal year ending March 31, 2022. For the period, the company expects net sales to be JPY 120,000 million, operating profit to be JPY 3,371 million, profit attributable to owners of parent to be JPY 2,100 million and Basic earnings per share to be JPY 105.98.Reported Earnings • Jan 28Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥40.49 (up from JP¥29.93 in 3Q 2021). Revenue: JP¥31.1b (up 4.0% from 3Q 2021). Net income: JP¥804.0m (up 36% from 3Q 2021). Profit margin: 2.6% (up from 2.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Reported Earnings • Oct 29Second quarter 2022 earnings released: EPS JP¥28.72 (vs JP¥28.18 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥27.8b (down 3.1% from 2Q 2021). Net income: JP¥570.0m (up 2.2% from 2Q 2021). Profit margin: 2.0% (up from 1.9% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year.Reported Earnings • Jun 29Full year 2021 earnings released: EPS JP¥96.92 (vs JP¥76.92 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥114.8b (down 4.5% from FY 2020). Net income: JP¥1.92b (up 26% from FY 2020). Profit margin: 1.7% (up from 1.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Jun 11Watahan & Co.,Ltd. (TSE:3199) agreed to acquire Yume House, K.K. from Yusuke Akatsuka for ¥2.7 billion.Watahan & Co.,Ltd. (TSE:3199) agreed to acquire Yume House, K.K. from Yusuke Akatsuka for ¥2.7 billion on June 10, 2021. Yume House, K.K. reported sales of ¥13.7 billion, total assets of ¥9.9 billion, EBIT of ¥346 million, net profit of ¥255 million and net worth of ¥2.9 billion as of September 30, 2020. The transaction is expected to complete on July 15, 2021.お知らせ • May 16+ 1 more updateWatahan & Co.,Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2022Watahan & Co.,Ltd. provided year-end dividend guidance for the fiscal year ending March 31, 2022. The company expects to pay year-end dividend of JPY 21.00 per share compared to JPY 20.00 per share paid a year ago.Upcoming Dividend • Mar 23Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 30 June 2021. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.4%).Is New 90 Day High Low • Feb 18New 90-day low: JP¥1,262The company is down 13% from its price of JP¥1,450 on 20 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 7.0% over the same period.Reported Earnings • Feb 02Third quarter 2021 earnings released: EPS JP¥29.92 (vs JP¥36.18 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥29.9b (down 4.0% from 3Q 2020). Net income: JP¥593.0m (down 17% from 3Q 2020). Profit margin: 2.0% (down from 2.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Dec 22New 90-day low: JP¥1,284The company is down 21% from its price of JP¥1,623 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is flat over the same period.株主還元3199JP Consumer RetailingJP 市場7D0.1%-1.6%1.2%1Y-13.4%-7.6%42.1%株主還元を見る業界別リターン: 3199過去 1 年間で-7.6 % の収益を上げたJP Consumer Retailing業界を下回りました。リターン対市場: 3199は、過去 1 年間で42.1 % のリターンを上げたJP市場を下回りました。価格変動Is 3199's price volatile compared to industry and market?3199 volatility3199 Average Weekly Movement2.4%Consumer Retailing Industry Average Movement3.4%Market Average Movement5.0%10% most volatile stocks in JP Market9.6%10% least volatile stocks in JP Market2.5%安定した株価: 3199 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 3199の 週次ボラティリティ ( 2% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト15981,530Isamu Noharawatahan.co.jp綿半商事株式会社は、子会社を通じ、日本国内で小売事業、建設事業、貿易事業を行っている。小売事業では、業務・運送の効率化、在庫管理、家具・インテリア・アパレル・雑貨のオンラインショップ、店舗運営、CG事業などを行っている。家具・インテリア・アパレル・雑貨のネットショップ・店舗運営・CG事業等、組立家具の製造・卸売・ネット通販事業、茶葉・菓子の製造・卸売・販売及びカフェスペースでの軽食販売、ビルリフォーム工事・立体駐車場のセルフ化・鉄骨工事等の建築工事、木造戸建住宅の販売・設計・施工・FC運営・戸建住宅の建築、木材・建材の輸入、プレカット材・建材の製造・販売、戸建住宅のFC事業・資材販売等を行っている、また、FC加盟店に対する技術・営業支援を行っている。建設事業」は、注文住宅の販売・施工、木質バイオマスチップの製造・販売、住宅資材の販売事業、木材加工製品の販売等を行っている。商事事業」は、医薬品原料、化学品原料の輸入販売を行っている。また、工業用ワックス、一般・健康食品原料の輸入販売、木造戸建住宅のフランチャイズ事業、資材・販促資材の販売、加盟店への技術・営業支援、食品スーパーの運営などを行っている。また、建築・鉄骨加工工事の技術指導、建物のメンテナンスサービス、高齢者・障がい者の在宅介護サービス、高齢者福祉サービスなども行っている。綿半商会は1598年に設立され、東京に本社を置く。もっと見るWatahan & Co.,Ltd. 基礎のまとめWatahanLtd の収益と売上を時価総額と比較するとどうか。3199 基礎統計学時価総額JP¥25.58b収益（TTM）JP¥2.13b売上高(TTM)JP¥135.45b12.0xPER（株価収益率0.2xP/Sレシオ3199 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計3199 損益計算書（TTM）収益JP¥135.45b売上原価JP¥107.45b売上総利益JP¥28.01bその他の費用JP¥25.88b収益JP¥2.13b直近の収益報告Mar 31, 2026次回決算日Jul 28, 2026一株当たり利益（EPS）113.98グロス・マージン20.68%純利益率1.57%有利子負債／自己資本比率119.5%3199 の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.2%現在の配当利回り23%配当性向3199 配当は確実ですか？3199 配当履歴とベンチマークを見る3199 、いつまでに購入すれば配当金を受け取れますか？WatahanLtd 配当日配当落ち日Mar 30 2026配当支払日Jun 05 2026配当落ちまでの日数55 days配当支払日までの日数12 days3199 配当は確実ですか？3199 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/23 01:48終値2026/05/22 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Watahan & Co.,Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Takashi YanahiraIchiyoshi Research Institute Inc.Kenji SakaiMizuho Securities Co., Ltd.
分析記事 • May 18We Think WatahanLtd's (TSE:3199) Healthy Earnings Might Be ConservativeWatahan & Co.,Ltd.'s ( TSE:3199 ) recent earnings report didn't offer any surprises, with the shares unchanged over the...
New Risk • May 13New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.1% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
New Risk • May 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • May 12Full year 2026 earnings released: EPS: JP¥111 (vs JP¥105 in FY 2025)Full year 2026 results: EPS: JP¥111 (up from JP¥105 in FY 2025). Revenue: JP¥135.5b (up 1.4% from FY 2025). Net income: JP¥2.13b (up 2.6% from FY 2025). Profit margin: 1.6% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • May 11Watahan & Co.,Ltd., Annual General Meeting, Jun 26, 2026Watahan & Co.,Ltd., Annual General Meeting, Jun 26, 2026.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
分析記事 • May 18We Think WatahanLtd's (TSE:3199) Healthy Earnings Might Be ConservativeWatahan & Co.,Ltd.'s ( TSE:3199 ) recent earnings report didn't offer any surprises, with the shares unchanged over the...
New Risk • May 13New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.1% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
New Risk • May 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • May 12Full year 2026 earnings released: EPS: JP¥111 (vs JP¥105 in FY 2025)Full year 2026 results: EPS: JP¥111 (up from JP¥105 in FY 2025). Revenue: JP¥135.5b (up 1.4% from FY 2025). Net income: JP¥2.13b (up 2.6% from FY 2025). Profit margin: 1.6% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • May 11Watahan & Co.,Ltd., Annual General Meeting, Jun 26, 2026Watahan & Co.,Ltd., Annual General Meeting, Jun 26, 2026.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥47.71 (vs JP¥45.39 in 3Q 2025)Third quarter 2026 results: EPS: JP¥47.71 (up from JP¥45.39 in 3Q 2025). Revenue: JP¥37.2b (up 4.2% from 3Q 2025). Net income: JP¥925.0m (up 2.1% from 3Q 2025). Profit margin: 2.5% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
分析記事 • Jan 31WatahanLtd's (TSE:3199) Upcoming Dividend Will Be Larger Than Last Year'sWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...
お知らせ • Jan 31Watahan & Co.,Ltd. (TSE:3199) announces an Equity Buyback for 700,000 shares, representing 3.61% for ¥989.8 million.Watahan & Co.,Ltd. (TSE:3199) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 3.61% of its issued share capital (excluding treasury stock) for ¥989 million. The shares will be repurchased at ¥1,414 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of December 31, 2025, the company had 19,388,015 issued shares (excluding treasury stock) and 570,925 treasury shares.
分析記事 • Oct 29WatahanLtd's (TSE:3199) Upcoming Dividend Will Be Larger Than Last Year'sWatahan & Co.,Ltd. ( TSE:3199 ) will increase its dividend from last year's comparable payment on the 8th of June to...
Declared Dividend • Oct 29Dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 30th March 2026 Payment date: 8th June 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 74% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.3% EPS decline seen over the last 5 years.
Reported Earnings • Oct 28Second quarter 2026 earnings released: EPS: JP¥25.28 (vs JP¥31.28 in 2Q 2025)Second quarter 2026 results: EPS: JP¥25.28 (down from JP¥31.28 in 2Q 2025). Revenue: JP¥33.0b (down 1.2% from 2Q 2025). Net income: JP¥490.0m (down 22% from 2Q 2025). Profit margin: 1.5% (down from 1.9% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 25First quarter 2026 earnings released: EPS: JP¥33.32 (vs JP¥30.91 in 1Q 2025)First quarter 2026 results: EPS: JP¥33.32 (up from JP¥30.91 in 1Q 2025). Revenue: JP¥32.4b (up 1.9% from 1Q 2025). Net income: JP¥645.0m (up 4.7% from 1Q 2025). Profit margin: 2.0% (up from 1.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.
お知らせ • Jun 06+ 2 more updatesWatahan & Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026Watahan & Co.,Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026
Reported Earnings • May 13Full year 2025 earnings released: EPS: JP¥105 (vs JP¥93.08 in FY 2024)Full year 2025 results: EPS: JP¥105 (up from JP¥93.08 in FY 2024). Revenue: JP¥133.6b (up 4.3% from FY 2024). Net income: JP¥2.08b (up 12% from FY 2024). Profit margin: 1.6% (up from 1.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year.
お知らせ • May 12+ 4 more updatesWatahan & Co.,Ltd., Annual General Meeting, Jun 27, 2025Watahan & Co.,Ltd., Annual General Meeting, Jun 27, 2025.
分析記事 • Apr 08Watahan & Co.,Ltd. (TSE:3199) Screens Well But There Might Be A CatchThere wouldn't be many who think Watahan & Co.,Ltd.'s ( TSE:3199 ) price-to-earnings (or "P/E") ratio of 11.2x is worth...
New Risk • Mar 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Mar 28Watahan & Co.,Ltd. to Report Fiscal Year 2025 Results on May 12, 2025Watahan & Co.,Ltd. announced that they will report fiscal year 2025 results on May 12, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.7%).
分析記事 • Feb 14WatahanLtd's (TSE:3199) Shareholders Will Receive A Bigger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...
Reported Earnings • Jan 31Third quarter 2025 earnings released: EPS: JP¥45.39 (vs JP¥37.93 in 3Q 2024)Third quarter 2025 results: EPS: JP¥45.39 (up from JP¥37.93 in 3Q 2024). Revenue: JP¥35.7b (up 4.5% from 3Q 2024). Net income: JP¥906.0m (up 20% from 3Q 2024). Profit margin: 2.5% (up from 2.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year.
分析記事 • Jan 30WatahanLtd's (TSE:3199) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of Watahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be paying its dividend of ¥24.00 on the 9th of...
お知らせ • Jan 30Watahan & Co.,Ltd. (TSE:3199) announces an Equity Buyback for 600,000 shares, representing 3.01% for ¥978 million.Watahan & Co.,Ltd. (TSE:3199) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 3.01% of its issued share capital (excluding treasury stock) for ¥978 million. The shares will be repurchased at ¥1,630 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of December 31, 2024, the company had 19,958,605 issued shares (excluding treasury stock) and 335 treasury shares.
分析記事 • Jan 09WatahanLtd (TSE:3199) Is Paying Out A Larger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...
分析記事 • Dec 09WatahanLtd (TSE:3199) Is Paying Out A Larger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...
分析記事 • Nov 27WatahanLtd's (TSE:3199) Shareholders May Want To Dig Deeper Than Statutory ProfitWatahan & Co.,Ltd.'s ( TSE:3199 ) robust recent earnings didn't do much to move the stock. We believe that shareholders...
分析記事 • Nov 25WatahanLtd (TSE:3199) Has Announced That It Will Be Increasing Its Dividend To ¥24.00Watahan & Co.,Ltd.'s ( TSE:3199 ) dividend will be increasing from last year's payment of the same period to ¥24.00 on...
New Risk • Nov 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio).
分析記事 • Oct 30WatahanLtd (TSE:3199) Is Paying Out A Larger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...
Declared Dividend • Oct 30Dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 28th March 2025 Payment date: 9th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 14% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 8.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Oct 29Second quarter 2025 earnings released: EPS: JP¥31.28 (vs JP¥27.01 in 2Q 2024)Second quarter 2025 results: EPS: JP¥31.28 (up from JP¥27.01 in 2Q 2024). Revenue: JP¥33.4b (up 3.8% from 2Q 2024). Net income: JP¥624.0m (up 16% from 2Q 2024). Profit margin: 1.9% (up from 1.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year.
Reported Earnings • Jul 27First quarter 2025 earnings released: EPS: JP¥30.91 (vs JP¥11.46 in 1Q 2024)First quarter 2025 results: EPS: JP¥30.91 (up from JP¥11.46 in 1Q 2024). Revenue: JP¥31.8b (up 6.9% from 1Q 2024). Net income: JP¥616.0m (up 170% from 1Q 2024). Profit margin: 1.9% (up from 0.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year.
分析記事 • May 21WatahanLtd's (TSE:3199) Earnings Offer More Than Meets The EyeWatahan & Co.,Ltd.'s ( TSE:3199 ) solid earnings announcement recently didn't do much to the stock price. We did some...
Board Change • May 14Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Kazuyuki Nakajima was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥93.07 (vs JP¥83.14 in FY 2023)Full year 2024 results: EPS: JP¥93.07 (up from JP¥83.14 in FY 2023). Revenue: JP¥128.1b (down 4.6% from FY 2023). Net income: JP¥1.85b (up 12% from FY 2023). Profit margin: 1.4% (up from 1.2% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year.
お知らせ • May 12Watahan & Co.,Ltd., Annual General Meeting, Jun 28, 2024Watahan & Co.,Ltd., Annual General Meeting, Jun 28, 2024.
お知らせ • Mar 29+ 2 more updatesWatahan & Co.,Ltd. to Report Q1, 2025 Results on Jul 25, 2024Watahan & Co.,Ltd. announced that they will report Q1, 2025 results on Jul 25, 2024
お知らせ • Mar 28Watahan & Co.,Ltd. to Report Fiscal Year 2024 Results on May 10, 2024Watahan & Co.,Ltd. announced that they will report fiscal year 2024 results on May 10, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.5%).
分析記事 • Feb 27WatahanLtd (TSE:3199) Is Increasing Its Dividend To ¥23.00Watahan & Co.,Ltd.'s ( TSE:3199 ) dividend will be increasing from last year's payment of the same period to ¥23.00 on...
Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥37.93 (vs JP¥34.53 in 3Q 2023)Third quarter 2024 results: EPS: JP¥37.93 (up from JP¥34.53 in 3Q 2023). Revenue: JP¥34.2b (down 5.9% from 3Q 2023). Net income: JP¥756.0m (up 10.0% from 3Q 2023). Profit margin: 2.2% (up from 1.9% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.
Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥27.00 (vs JP¥18.66 in 2Q 2023)Second quarter 2024 results: EPS: JP¥27.00 (up from JP¥18.66 in 2Q 2023). Revenue: JP¥32.2b (down 3.3% from 2Q 2023). Net income: JP¥538.0m (up 45% from 2Q 2023). Profit margin: 1.7% (up from 1.1% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year.
Reported Earnings • Jul 28First quarter 2024 earnings released: EPS: JP¥11.46 (vs JP¥16.72 in 1Q 2023)First quarter 2024 results: EPS: JP¥11.46 (down from JP¥16.72 in 1Q 2023). Revenue: JP¥29.8b (down 3.9% from 1Q 2023). Net income: JP¥228.0m (down 31% from 1Q 2023). Profit margin: 0.8% (down from 1.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥83.14 (vs JP¥111 in FY 2022)Full year 2023 results: EPS: JP¥83.14 (down from JP¥111 in FY 2022). Revenue: JP¥134.3b (up 17% from FY 2022). Net income: JP¥1.65b (down 25% from FY 2022). Profit margin: 1.2% (down from 1.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
お知らせ • May 13Watahan & Co.,Ltd., Annual General Meeting, Jun 23, 2023Watahan & Co.,Ltd., Annual General Meeting, Jun 23, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥22.00 per share at 1.6% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%).
お知らせ • Feb 01+ 1 more updateWatahan & Co.,Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2023Watahan & Co.,Ltd. provided year-end dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expects to pay year-end dividend of JPY 22.00 per share against JPY 21.00 per share paid for the same period a year ago.
Reported Earnings • Feb 01Third quarter 2023 earnings released: EPS: JP¥34.53 (vs JP¥40.49 in 3Q 2022)Third quarter 2023 results: EPS: JP¥34.53 (down from JP¥40.49 in 3Q 2022). Revenue: JP¥36.3b (up 17% from 3Q 2022). Net income: JP¥687.0m (down 15% from 3Q 2022). Profit margin: 1.9% (down from 2.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Junko Sakamoto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 28Second quarter 2023 earnings released: EPS: JP¥18.66 (vs JP¥28.72 in 2Q 2022)Second quarter 2023 results: EPS: JP¥18.66 (down from JP¥28.72 in 2Q 2022). Revenue: JP¥33.3b (up 20% from 2Q 2022). Net income: JP¥371.0m (down 35% from 2Q 2022). Profit margin: 1.1% (down from 2.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 28+ 1 more updateWatahan & Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Watahan & Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the fiscal year, the company expects net sales to be JPY 125,000 million. Operating profit to be JPY 2,950 million. Profit attributable to owners of parent to be JPY 2,250 million. Basic earnings per share to be JPY 113.31.
Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥16.72 (vs JP¥11.96 in 1Q 2022)First quarter 2023 results: EPS: JP¥16.72 (up from JP¥11.96 in 1Q 2022). Revenue: JP¥31.0b (up 19% from 1Q 2022). Net income: JP¥332.0m (up 40% from 1Q 2022). Profit margin: 1.1% (up from 0.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year.
お知らせ • Jul 29+ 1 more updateWatahan & Co.,Ltd. Provides Dividend Guidance for the Year Ending March 31, 2023Watahan & Co.,Ltd. provided dividend guidance for the year ending March 31, 2023. For the period, the company expects dividend to be JPY 22 per share compared to JPY 21 per share a year ago.
Reported Earnings • May 19Full year 2022 earnings released: EPS: JP¥111 (vs JP¥96.92 in FY 2021)Full year 2022 results: EPS: JP¥111 (up from JP¥96.92 in FY 2021). Revenue: JP¥114.5b (flat on FY 2021). Net income: JP¥2.20b (up 15% from FY 2021). Profit margin: 1.9% (up from 1.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.
お知らせ • May 14+ 2 more updatesWatahan & Co.,Ltd. Provides Earnings Guidance for the Six Months Period Ending September 30, 2022; Fiscal Year Ending March 31, 2023Watahan & Co.,Ltd. provided earnings guidance for the six months period ending September 30, 2022 and fiscal year ending March 31, 2023. For the six months, the company expects net sales to be JPY 61,971 million. Operating profit to be JPY 1,042 million. Profit attributable to owners of parent to be JPY 810 million. Basic earnings per share to be JPY 40.79. For the fiscal year, the company expects net sales to be JPY 125,000 million. Operating profit to be JPY 2,950 million. Profit attributable to owners of parent to be JPY 2,250 million. Basic earnings per share to be JPY 113.31.
お知らせ • May 13Watahan & Co.,Ltd., Annual General Meeting, Jun 24, 2022Watahan & Co.,Ltd., Annual General Meeting, Jun 24, 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Junko Sakamoto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 14+ 2 more updatesWatahan & Co.,Ltd. to Report Q2, 2023 Results on Oct 27, 2022Watahan & Co.,Ltd. announced that they will report Q2, 2023 results on Oct 27, 2022
お知らせ • Apr 08Watahan & Co.,Ltd. to Report Fiscal Year 2022 Results on May 13, 2022Watahan & Co.,Ltd. announced that they will report fiscal year 2022 results on May 13, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.6%).
お知らせ • Jan 28+ 1 more updateWatahan & Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022Watahan & Co.,Ltd. provides consolidated earnings guidance for the fiscal year ending March 31, 2022. For the period, the company expects net sales to be JPY 120,000 million, operating profit to be JPY 3,371 million, profit attributable to owners of parent to be JPY 2,100 million and Basic earnings per share to be JPY 105.98.
Reported Earnings • Jan 28Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥40.49 (up from JP¥29.93 in 3Q 2021). Revenue: JP¥31.1b (up 4.0% from 3Q 2021). Net income: JP¥804.0m (up 36% from 3Q 2021). Profit margin: 2.6% (up from 2.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 29Second quarter 2022 earnings released: EPS JP¥28.72 (vs JP¥28.18 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥27.8b (down 3.1% from 2Q 2021). Net income: JP¥570.0m (up 2.2% from 2Q 2021). Profit margin: 2.0% (up from 1.9% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year.
Reported Earnings • Jun 29Full year 2021 earnings released: EPS JP¥96.92 (vs JP¥76.92 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥114.8b (down 4.5% from FY 2020). Net income: JP¥1.92b (up 26% from FY 2020). Profit margin: 1.7% (up from 1.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Jun 11Watahan & Co.,Ltd. (TSE:3199) agreed to acquire Yume House, K.K. from Yusuke Akatsuka for ¥2.7 billion.Watahan & Co.,Ltd. (TSE:3199) agreed to acquire Yume House, K.K. from Yusuke Akatsuka for ¥2.7 billion on June 10, 2021. Yume House, K.K. reported sales of ¥13.7 billion, total assets of ¥9.9 billion, EBIT of ¥346 million, net profit of ¥255 million and net worth of ¥2.9 billion as of September 30, 2020. The transaction is expected to complete on July 15, 2021.
お知らせ • May 16+ 1 more updateWatahan & Co.,Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2022Watahan & Co.,Ltd. provided year-end dividend guidance for the fiscal year ending March 31, 2022. The company expects to pay year-end dividend of JPY 21.00 per share compared to JPY 20.00 per share paid a year ago.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 30 June 2021. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.4%).
Is New 90 Day High Low • Feb 18New 90-day low: JP¥1,262The company is down 13% from its price of JP¥1,450 on 20 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 7.0% over the same period.
Reported Earnings • Feb 02Third quarter 2021 earnings released: EPS JP¥29.92 (vs JP¥36.18 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥29.9b (down 4.0% from 3Q 2020). Net income: JP¥593.0m (down 17% from 3Q 2020). Profit margin: 2.0% (down from 2.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Dec 22New 90-day low: JP¥1,284The company is down 21% from its price of JP¥1,623 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is flat over the same period.
