Watts（2735）株式概要株式会社ワッツは、日用品・雑貨の卸・小売業を国内外に展開している。 詳細2735 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長2/6過去の実績1/6財務の健全性5/6配当金3/6報酬株価収益率（ 9.7 x） JP市場（ 13.8 x）を下回っています。収益は年間9.3%増加すると予測されています 同業他社や業界と比較して、良好な取引価格 リスク分析意味のある時価総額がありません ( ¥8B )3.3%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2735 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¥606.0045.3% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture064b2016201920222025202620282031Revenue JP¥64.1bEarnings JP¥852.4mAdvancedSet Fair ValueView all narrativesWatts Co., Ltd. 競合他社RenetJapanGroupIncSymbol: TSE:3556Market cap: JP¥11.0bRACCOON HOLDINGSSymbol: TSE:3031Market cap: JP¥12.5bIzutsuyaSymbol: TSE:8260Market cap: JP¥5.0bSenshukaiSymbol: TSE:8165Market cap: JP¥5.8b価格と性能株価の高値、安値、推移の概要Watts過去の株価現在の株価JP¥606.0052週高値JP¥754.0052週安値JP¥591.00ベータ0.501ヶ月の変化-0.16%3ヶ月変化-9.01%1年変化-16.76%3年間の変化-13.92%5年間の変化-33.91%IPOからの変化223.20%最新ニュースReported Earnings • Apr 11Second quarter 2026 earnings released: EPS: JP¥22.68 (vs JP¥26.15 in 2Q 2025)Second quarter 2026 results: EPS: JP¥22.68 (down from JP¥26.15 in 2Q 2025). Revenue: JP¥15.9b (up 2.9% from 2Q 2025). Net income: JP¥301.0m (down 13% from 2Q 2025). Profit margin: 1.9% (down from 2.2% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.8% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Upcoming Dividend • Feb 19Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%).Reported Earnings • Jan 10First quarter 2026 earnings released: EPS: JP¥14.66 (vs JP¥14.51 in 1Q 2025)First quarter 2026 results: EPS: JP¥14.66 (up from JP¥14.51 in 1Q 2025). Revenue: JP¥15.4b (up 2.4% from 1Q 2025). Net income: JP¥194.0m (up 1.6% from 1Q 2025). Profit margin: 1.3% (in line with 1Q 2025). Revenue is forecast to stay flat during the next 2 years compared to a 5.0% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Nov 22+ 2 more updatesWatts Co., Ltd. to Report Q1, 2026 Results on Jan 09, 2026Watts Co., Ltd. announced that they will report Q1, 2026 results on Jan 09, 2026分析記事 • Oct 17Watts' (TSE:2735) Anemic Earnings Might Be Worse Than You ThinkA lackluster earnings announcement from Watts Co., Ltd. ( TSE:2735 ) last week didn't sink the stock price. We think...Reported Earnings • Oct 11Full year 2025 earnings released: EPS: JP¥65.95 (vs JP¥68.44 in FY 2024)Full year 2025 results: EPS: JP¥65.95 (down from JP¥68.44 in FY 2024). Revenue: JP¥61.6b (flat on FY 2024). Net income: JP¥870.0m (down 3.8% from FY 2024). Profit margin: 1.4% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.最新情報をもっと見るRecent updatesReported Earnings • Apr 11Second quarter 2026 earnings released: EPS: JP¥22.68 (vs JP¥26.15 in 2Q 2025)Second quarter 2026 results: EPS: JP¥22.68 (down from JP¥26.15 in 2Q 2025). Revenue: JP¥15.9b (up 2.9% from 2Q 2025). Net income: JP¥301.0m (down 13% from 2Q 2025). Profit margin: 1.9% (down from 2.2% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.8% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Upcoming Dividend • Feb 19Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%).Reported Earnings • Jan 10First quarter 2026 earnings released: EPS: JP¥14.66 (vs JP¥14.51 in 1Q 2025)First quarter 2026 results: EPS: JP¥14.66 (up from JP¥14.51 in 1Q 2025). Revenue: JP¥15.4b (up 2.4% from 1Q 2025). Net income: JP¥194.0m (up 1.6% from 1Q 2025). Profit margin: 1.3% (in line with 1Q 2025). Revenue is forecast to stay flat during the next 2 years compared to a 5.0% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Nov 22+ 2 more updatesWatts Co., Ltd. to Report Q1, 2026 Results on Jan 09, 2026Watts Co., Ltd. announced that they will report Q1, 2026 results on Jan 09, 2026分析記事 • Oct 17Watts' (TSE:2735) Anemic Earnings Might Be Worse Than You ThinkA lackluster earnings announcement from Watts Co., Ltd. ( TSE:2735 ) last week didn't sink the stock price. We think...Reported Earnings • Oct 11Full year 2025 earnings released: EPS: JP¥65.95 (vs JP¥68.44 in FY 2024)Full year 2025 results: EPS: JP¥65.95 (down from JP¥68.44 in FY 2024). Revenue: JP¥61.6b (flat on FY 2024). Net income: JP¥870.0m (down 3.8% from FY 2024). Profit margin: 1.4% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 10Watts Co., Ltd., Annual General Meeting, Nov 26, 2025Watts Co., Ltd., Annual General Meeting, Nov 26, 2025.Upcoming Dividend • Aug 21Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 28 November 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%).お知らせ • Aug 01Watts Co., Ltd. to Report Fiscal Year 2025 Results on Oct 10, 2025Watts Co., Ltd. announced that they will report fiscal year 2025 results on Oct 10, 2025Reported Earnings • Jul 14Third quarter 2025 earnings released: EPS: JP¥4.24 (vs JP¥24.62 in 3Q 2024)Third quarter 2025 results: EPS: JP¥4.24 (down from JP¥24.62 in 3Q 2024). Revenue: JP¥15.5b (up 1.3% from 3Q 2024). Net income: JP¥56.0m (down 83% from 3Q 2024). Profit margin: 0.4% (down from 2.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 11Second quarter 2025 earnings released: EPS: JP¥26.15 (vs JP¥26.26 in 2Q 2024)Second quarter 2025 results: EPS: JP¥26.15 (down from JP¥26.26 in 2Q 2024). Revenue: JP¥15.5b (flat on 2Q 2024). Net income: JP¥345.0m (flat on 2Q 2024). Profit margin: 2.2% (in line with 2Q 2024). 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 2% per year, which means it is significantly lagging earnings.分析記事 • Apr 08Returns At Watts (TSE:2735) Appear To Be Weighed DownThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...New Risk • Jan 15New major risk - Revenue and earnings growthEarnings have declined by 0.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.1% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥8.92b market cap, or US$56.8m).Reported Earnings • Jan 15First quarter 2025 earnings released: EPS: JP¥14.51 (vs JP¥6.75 in 1Q 2024)First quarter 2025 results: EPS: JP¥14.51 (up from JP¥6.75 in 1Q 2024). Revenue: JP¥15.0b (up 1.2% from 1Q 2024). Net income: JP¥191.0m (up 112% from 1Q 2024). Profit margin: 1.3% (up from 0.6% in 1Q 2024). 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 • Nov 12+ 2 more updatesWatts Co., Ltd. to Report Q3, 2025 Results on Jul 10, 2025Watts Co., Ltd. announced that they will report Q3, 2025 results on Jul 10, 2025分析記事 • Oct 17Statutory Profit Doesn't Reflect How Good Watts' (TSE:2735) Earnings AreEven though Watts Co., Ltd. ( TSE:2735 ) posted strong earnings, investors appeared to be underwhelmed. We have done...お知らせ • Oct 10Watts Co., Ltd., Annual General Meeting, Nov 27, 2024Watts Co., Ltd., Annual General Meeting, Nov 27, 2024.Upcoming Dividend • Aug 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).お知らせ • Aug 02Watts Co., Ltd. to Report Fiscal Year 2024 Results on Oct 10, 2024Watts Co., Ltd. announced that they will report fiscal year 2024 results on Oct 10, 2024Reported Earnings • Jul 12Third quarter 2024 earnings released: EPS: JP¥24.62 (vs JP¥1.03 in 3Q 2023)Third quarter 2024 results: EPS: JP¥24.62 (up from JP¥1.03 in 3Q 2023). Revenue: JP¥15.3b (up 3.1% from 3Q 2023). Net income: JP¥324.0m (up JP¥310.0m from 3Q 2023). Profit margin: 2.1% (up from 0.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.New Risk • May 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (JP¥9.20b market cap, or US$58.3m).分析記事 • Apr 17Investors Can Find Comfort In Watts' (TSE:2735) Earnings QualitySoft earnings didn't appear to concern Watts Co., Ltd.'s ( TSE:2735 ) shareholders over the last week. We did some...Reported Earnings • Apr 11Second quarter 2024 earnings released: EPS: JP¥26.26 (vs JP¥5.67 in 2Q 2023)Second quarter 2024 results: EPS: JP¥26.26 (up from JP¥5.67 in 2Q 2023). Revenue: JP¥15.4b (up 4.0% from 2Q 2023). Net income: JP¥346.0m (up 349% from 2Q 2023). Profit margin: 2.2% (up from 0.5% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥768, the stock trades at a trailing P/E ratio of 78.6x. Average trailing P/E is 20x in the Multiline Retail industry in Japan. Total loss to shareholders of 10% over the past three years.分析記事 • Mar 12Why Investors Shouldn't Be Surprised By Watts Co., Ltd.'s (TSE:2735) Low P/SWatts Co., Ltd.'s ( TSE:2735 ) price-to-sales (or "P/S") ratio of 0.1x may look like a pretty appealing investment...Reported Earnings • Jan 14First quarter 2024 earnings released: EPS: JP¥6.75 (vs JP¥15.84 in 1Q 2023)First quarter 2024 results: EPS: JP¥6.75 (down from JP¥15.84 in 1Q 2023). Revenue: JP¥14.8b (flat on 1Q 2023). Net income: JP¥90.0m (down 58% from 1Q 2023). Profit margin: 0.6% (down from 1.5% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.お知らせ • Nov 09+ 2 more updatesWatts Co., Ltd. to Report Q2, 2024 Results on Apr 10, 2024Watts Co., Ltd. announced that they will report Q2, 2024 results on Apr 10, 2024お知らせ • Oct 12Watts Co., Ltd., Annual General Meeting, Nov 28, 2023Watts Co., Ltd., Annual General Meeting, Nov 28, 2023.New Risk • Oct 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 1.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (JP¥7.80b market cap, or US$52.5m).Upcoming Dividend • Aug 23Upcoming dividend of JP¥15.00 per share at 2.4% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%).お知らせ • Aug 03Watts Co., Ltd. to Report Fiscal Year 2023 Results on Oct 10, 2023Watts Co., Ltd. announced that they will report fiscal year 2023 results on Oct 10, 2023Reported Earnings • Jul 13Third quarter 2023 earnings released: EPS: JP¥1.03 (vs JP¥11.56 in 3Q 2022)Third quarter 2023 results: EPS: JP¥1.03 (down from JP¥11.56 in 3Q 2022). Revenue: JP¥14.9b (flat on 3Q 2022). Net income: JP¥14.0m (down 91% from 3Q 2022). Profit margin: 0.1% (down from 1.0% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year.お知らせ • Jul 12Watts Co., Ltd. (TSE:2735) announces an Equity Buyback for 440,000 shares, representing 3.24% for ¥300 million.Watts Co., Ltd. (TSE:2735) announces a share repurchase program. Under the program, the company will repurchase up to 440,000 shares, 3.24% of its issued share capital, for ¥300 million. The company will cancel all the shares repurchased. The purpose of the acquisition and cancellation of treasury stock is to improve capital efficiency and enhance shareholder returns. The program will be valid till March 29, 2024. As of June 30, 2023, the company had 13,580,308 issued shares (excluding treasury stock) and 318,492 shares in treasury.Reported Earnings • Apr 12Second quarter 2023 earnings released: EPS: JP¥5.67 (vs JP¥13.80 in 2Q 2022)Second quarter 2023 results: EPS: JP¥5.67 (down from JP¥13.80 in 2Q 2022). Revenue: JP¥14.9b (flat on 2Q 2022). Net income: JP¥77.0m (down 59% from 2Q 2022). Profit margin: 0.5% (down from 1.3% in 2Q 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • Jan 14First quarter 2023 earnings released: EPS: JP¥15.84 (vs JP¥13.06 in 1Q 2022)First quarter 2023 results: EPS: JP¥15.84 (up from JP¥13.06 in 1Q 2022). Revenue: JP¥14.7b (up 7.1% from 1Q 2022). Net income: JP¥215.0m (up 23% from 1Q 2022). Profit margin: 1.5% (up from 1.3% 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 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. No independent directors (9 non-independent directors). Director Yoshiko Hayashido was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Nov 06+ 2 more updatesWatts Co., Ltd. to Report Q1, 2023 Results on Jan 13, 2023Watts Co., Ltd. announced that they will report Q1, 2023 results on Jan 13, 2023お知らせ • Oct 13Watts Co., Ltd., Annual General Meeting, Nov 25, 2022Watts Co., Ltd., Annual General Meeting, Nov 25, 2022.Reported Earnings • Oct 13Full year 2022 earnings released: EPS: JP¥57.82 (vs JP¥72.03 in FY 2021)Full year 2022 results: EPS: JP¥57.82 (down from JP¥72.03 in FY 2021). Revenue: JP¥58.3b (up 15% from FY 2021). Net income: JP¥781.0m (down 19% from FY 2021). Profit margin: 1.3% (down from 1.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 23Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 26 November 2022. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).Reported Earnings • Jul 13Third quarter 2022 earnings released: EPS: JP¥11.56 (vs JP¥15.23 in 3Q 2021)Third quarter 2022 results: EPS: JP¥11.56 (down from JP¥15.23 in 3Q 2021). Revenue: JP¥15.0b (up 18% from 3Q 2021). Net income: JP¥157.0m (down 23% from 3Q 2021). Profit margin: 1.0% (down from 1.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. No independent directors (11 non-independent directors). Manager of Overseas Business Department and Director Masahiro Hirata was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Apr 12Second quarter 2022 earnings released: EPS: JP¥13.80 (vs JP¥20.38 in 2Q 2021)Second quarter 2022 results: EPS: JP¥13.80 (down from JP¥20.38 in 2Q 2021). Revenue: JP¥14.8b (up 14% from 2Q 2021). Net income: JP¥186.0m (down 32% from 2Q 2021). Profit margin: 1.3% (down from 2.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jan 16First quarter 2022 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2022 results: EPS: JP¥13.06 (down from JP¥39.33 in 1Q 2021). Revenue: JP¥13.7b (up 8.1% from 1Q 2021). Net income: JP¥175.0m (down 67% from 1Q 2021). Profit margin: 1.3% (down from 4.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • Oct 13Full year 2021 earnings released: EPS JP¥72.03 (vs JP¥57.77 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¥50.7b (down 4.0% from FY 2020). Net income: JP¥965.0m (up 25% from FY 2020). Profit margin: 1.9% (up from 1.5% 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 49% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Upcoming Dividend • Aug 23Upcoming dividend of JP¥22.00 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 26 November 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (1.7%).Reported Earnings • Jul 15Third quarter 2021 earnings released: EPS JP¥15.23 (vs JP¥4.70 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥12.7b (down 6.6% from 3Q 2020). Net income: JP¥204.0m (up 224% from 3Q 2020). Profit margin: 1.6% (up from 0.5% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 14Second quarter 2021 earnings released: EPS JP¥20.38 (vs JP¥24.56 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥12.9b (down 2.7% from 2Q 2020). Net income: JP¥273.0m (down 17% from 2Q 2020). Profit margin: 2.1% (down from 2.5% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Mar 09New 90-day high: JP¥931The company is up 13% from its price of JP¥825 on 09 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Multiline Retail industry, which is also up 13% over the same period.Reported Earnings • Jan 14First quarter 2021 earnings released: EPS JP¥39.33The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: JP¥12.7b (flat on 1Q 2020). Net income: JP¥527.0m (up 479% from 1Q 2020). Profit margin: 4.2% (up from 0.7% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.Is New 90 Day High Low • Jan 12New 90-day high: JP¥926The company is up 12% from its price of JP¥826 on 14 October 2020. The Japanese market is also up 12% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Multiline Retail industry, which is down 1.0% over the same period.お知らせ • Jan 09Watts Co., Ltd. to Report Fiscal Year 2021 Results on Oct 12, 2021Watts Co., Ltd. announced that they will report fiscal year 2021 results on Oct 12, 2021株主還元2735JP Multiline RetailJP 市場7D-0.2%-0.7%-0.5%1Y-16.8%13.6%41.3%株主還元を見る業界別リターン: 2735過去 1 年間で13.6 % の収益を上げたJP Multiline Retail業界を下回りました。リターン対市場: 2735は、過去 1 年間で41.3 % のリターンを上げたJP市場を下回りました。価格変動Is 2735's price volatile compared to industry and market?2735 volatility2735 Average Weekly Movement3.2%Multiline Retail Industry Average Movement4.2%Market Average Movement5.0%10% most volatile stocks in JP Market9.7%10% least volatile stocks in JP Market2.5%安定した株価: 2735 、 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: 2735の 週次ボラティリティ ( 3% ) 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1995418Fumio Hiraokawww.watts-jp.com株式会社ワッツは、日本および海外で日用品・雑貨の卸・小売業を営んでいる。同社の商品カテゴリーには、化粧品、衛生・医療・介護用品、ベビー用品、衣料品、服飾雑貨、バス・トイレタリー用品、トイレタリー用品、洗濯用品、キッチン用品、家庭・生活用品、掃除用品、インテリア用品、収納用品、文具・事務用品、趣味・娯楽用品、玩具・ゲーム、キャンプ・アウトドア用品、電化製品・デジタル製品、イベント・季節用品、ハンドメイド・クラフト用品などがある。また、「ワッツ」、「100円ショップ フレッツ」、「ブオナビータ」、「ときのね」、「リアル」、「こもの花園」、「こものや」、「バリュー100」、「日販」の各ブランドで店舗を展開している。また、オンラインでも商品を提供している。同社は1995年に設立され、大阪に本社を置く。もっと見るWatts Co., Ltd. 基礎のまとめWatts の収益と売上を時価総額と比較するとどうか。2735 基礎統計学時価総額JP¥8.02b収益（TTM）JP¥829.00m売上高(TTM)JP¥62.39b9.7xPER（株価収益率0.1xP/Sレシオ2735 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2735 損益計算書（TTM）収益JP¥62.39b売上原価JP¥38.15b売上総利益JP¥24.24bその他の費用JP¥23.41b収益JP¥829.00m直近の収益報告Feb 28, 2026次回決算日Jul 09, 2026一株当たり利益（EPS）62.65グロス・マージン38.86%純利益率1.33%有利子負債／自己資本比率16.1%2735 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3.3%現在の配当利回り12%配当性向2735 配当は確実ですか？2735 配当履歴とベンチマークを見る2735 、いつまでに購入すれば配当金を受け取れますか？Watts 配当日配当落ち日Aug 28 2026配当支払日Nov 27 2026配当落ちまでの日数97 days配当支払日までの日数188 days2735 配当は確実ですか？2735 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2026/05/22 23:33終値2026/05/22 00:00収益2026/02/28年間収益2025/08/31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Watts Co., Ltd. 1 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。3 アナリスト機関Risa TanihanaDaiwa Securities Co. Ltd.Akihiro HayashiIchiyoshi Research Institute Inc.Toshinori KatsukiNomura Securities Co. Ltd.
Reported Earnings • Apr 11Second quarter 2026 earnings released: EPS: JP¥22.68 (vs JP¥26.15 in 2Q 2025)Second quarter 2026 results: EPS: JP¥22.68 (down from JP¥26.15 in 2Q 2025). Revenue: JP¥15.9b (up 2.9% from 2Q 2025). Net income: JP¥301.0m (down 13% from 2Q 2025). Profit margin: 1.9% (down from 2.2% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.8% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Feb 19Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%).
Reported Earnings • Jan 10First quarter 2026 earnings released: EPS: JP¥14.66 (vs JP¥14.51 in 1Q 2025)First quarter 2026 results: EPS: JP¥14.66 (up from JP¥14.51 in 1Q 2025). Revenue: JP¥15.4b (up 2.4% from 1Q 2025). Net income: JP¥194.0m (up 1.6% from 1Q 2025). Profit margin: 1.3% (in line with 1Q 2025). Revenue is forecast to stay flat during the next 2 years compared to a 5.0% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Nov 22+ 2 more updatesWatts Co., Ltd. to Report Q1, 2026 Results on Jan 09, 2026Watts Co., Ltd. announced that they will report Q1, 2026 results on Jan 09, 2026
分析記事 • Oct 17Watts' (TSE:2735) Anemic Earnings Might Be Worse Than You ThinkA lackluster earnings announcement from Watts Co., Ltd. ( TSE:2735 ) last week didn't sink the stock price. We think...
Reported Earnings • Oct 11Full year 2025 earnings released: EPS: JP¥65.95 (vs JP¥68.44 in FY 2024)Full year 2025 results: EPS: JP¥65.95 (down from JP¥68.44 in FY 2024). Revenue: JP¥61.6b (flat on FY 2024). Net income: JP¥870.0m (down 3.8% from FY 2024). Profit margin: 1.4% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 11Second quarter 2026 earnings released: EPS: JP¥22.68 (vs JP¥26.15 in 2Q 2025)Second quarter 2026 results: EPS: JP¥22.68 (down from JP¥26.15 in 2Q 2025). Revenue: JP¥15.9b (up 2.9% from 2Q 2025). Net income: JP¥301.0m (down 13% from 2Q 2025). Profit margin: 1.9% (down from 2.2% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.8% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Feb 19Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%).
Reported Earnings • Jan 10First quarter 2026 earnings released: EPS: JP¥14.66 (vs JP¥14.51 in 1Q 2025)First quarter 2026 results: EPS: JP¥14.66 (up from JP¥14.51 in 1Q 2025). Revenue: JP¥15.4b (up 2.4% from 1Q 2025). Net income: JP¥194.0m (up 1.6% from 1Q 2025). Profit margin: 1.3% (in line with 1Q 2025). Revenue is forecast to stay flat during the next 2 years compared to a 5.0% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Nov 22+ 2 more updatesWatts Co., Ltd. to Report Q1, 2026 Results on Jan 09, 2026Watts Co., Ltd. announced that they will report Q1, 2026 results on Jan 09, 2026
分析記事 • Oct 17Watts' (TSE:2735) Anemic Earnings Might Be Worse Than You ThinkA lackluster earnings announcement from Watts Co., Ltd. ( TSE:2735 ) last week didn't sink the stock price. We think...
Reported Earnings • Oct 11Full year 2025 earnings released: EPS: JP¥65.95 (vs JP¥68.44 in FY 2024)Full year 2025 results: EPS: JP¥65.95 (down from JP¥68.44 in FY 2024). Revenue: JP¥61.6b (flat on FY 2024). Net income: JP¥870.0m (down 3.8% from FY 2024). Profit margin: 1.4% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 10Watts Co., Ltd., Annual General Meeting, Nov 26, 2025Watts Co., Ltd., Annual General Meeting, Nov 26, 2025.
Upcoming Dividend • Aug 21Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 28 November 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%).
お知らせ • Aug 01Watts Co., Ltd. to Report Fiscal Year 2025 Results on Oct 10, 2025Watts Co., Ltd. announced that they will report fiscal year 2025 results on Oct 10, 2025
Reported Earnings • Jul 14Third quarter 2025 earnings released: EPS: JP¥4.24 (vs JP¥24.62 in 3Q 2024)Third quarter 2025 results: EPS: JP¥4.24 (down from JP¥24.62 in 3Q 2024). Revenue: JP¥15.5b (up 1.3% from 3Q 2024). Net income: JP¥56.0m (down 83% from 3Q 2024). Profit margin: 0.4% (down from 2.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 11Second quarter 2025 earnings released: EPS: JP¥26.15 (vs JP¥26.26 in 2Q 2024)Second quarter 2025 results: EPS: JP¥26.15 (down from JP¥26.26 in 2Q 2024). Revenue: JP¥15.5b (flat on 2Q 2024). Net income: JP¥345.0m (flat on 2Q 2024). Profit margin: 2.2% (in line with 2Q 2024). 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 2% per year, which means it is significantly lagging earnings.
分析記事 • Apr 08Returns At Watts (TSE:2735) Appear To Be Weighed DownThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
New Risk • Jan 15New major risk - Revenue and earnings growthEarnings have declined by 0.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.1% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥8.92b market cap, or US$56.8m).
Reported Earnings • Jan 15First quarter 2025 earnings released: EPS: JP¥14.51 (vs JP¥6.75 in 1Q 2024)First quarter 2025 results: EPS: JP¥14.51 (up from JP¥6.75 in 1Q 2024). Revenue: JP¥15.0b (up 1.2% from 1Q 2024). Net income: JP¥191.0m (up 112% from 1Q 2024). Profit margin: 1.3% (up from 0.6% in 1Q 2024). 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 • Nov 12+ 2 more updatesWatts Co., Ltd. to Report Q3, 2025 Results on Jul 10, 2025Watts Co., Ltd. announced that they will report Q3, 2025 results on Jul 10, 2025
分析記事 • Oct 17Statutory Profit Doesn't Reflect How Good Watts' (TSE:2735) Earnings AreEven though Watts Co., Ltd. ( TSE:2735 ) posted strong earnings, investors appeared to be underwhelmed. We have done...
お知らせ • Oct 10Watts Co., Ltd., Annual General Meeting, Nov 27, 2024Watts Co., Ltd., Annual General Meeting, Nov 27, 2024.
Upcoming Dividend • Aug 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).
お知らせ • Aug 02Watts Co., Ltd. to Report Fiscal Year 2024 Results on Oct 10, 2024Watts Co., Ltd. announced that they will report fiscal year 2024 results on Oct 10, 2024
Reported Earnings • Jul 12Third quarter 2024 earnings released: EPS: JP¥24.62 (vs JP¥1.03 in 3Q 2023)Third quarter 2024 results: EPS: JP¥24.62 (up from JP¥1.03 in 3Q 2023). Revenue: JP¥15.3b (up 3.1% from 3Q 2023). Net income: JP¥324.0m (up JP¥310.0m from 3Q 2023). Profit margin: 2.1% (up from 0.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
New Risk • May 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (JP¥9.20b market cap, or US$58.3m).
分析記事 • Apr 17Investors Can Find Comfort In Watts' (TSE:2735) Earnings QualitySoft earnings didn't appear to concern Watts Co., Ltd.'s ( TSE:2735 ) shareholders over the last week. We did some...
Reported Earnings • Apr 11Second quarter 2024 earnings released: EPS: JP¥26.26 (vs JP¥5.67 in 2Q 2023)Second quarter 2024 results: EPS: JP¥26.26 (up from JP¥5.67 in 2Q 2023). Revenue: JP¥15.4b (up 4.0% from 2Q 2023). Net income: JP¥346.0m (up 349% from 2Q 2023). Profit margin: 2.2% (up from 0.5% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥768, the stock trades at a trailing P/E ratio of 78.6x. Average trailing P/E is 20x in the Multiline Retail industry in Japan. Total loss to shareholders of 10% over the past three years.
分析記事 • Mar 12Why Investors Shouldn't Be Surprised By Watts Co., Ltd.'s (TSE:2735) Low P/SWatts Co., Ltd.'s ( TSE:2735 ) price-to-sales (or "P/S") ratio of 0.1x may look like a pretty appealing investment...
Reported Earnings • Jan 14First quarter 2024 earnings released: EPS: JP¥6.75 (vs JP¥15.84 in 1Q 2023)First quarter 2024 results: EPS: JP¥6.75 (down from JP¥15.84 in 1Q 2023). Revenue: JP¥14.8b (flat on 1Q 2023). Net income: JP¥90.0m (down 58% from 1Q 2023). Profit margin: 0.6% (down from 1.5% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 09+ 2 more updatesWatts Co., Ltd. to Report Q2, 2024 Results on Apr 10, 2024Watts Co., Ltd. announced that they will report Q2, 2024 results on Apr 10, 2024
お知らせ • Oct 12Watts Co., Ltd., Annual General Meeting, Nov 28, 2023Watts Co., Ltd., Annual General Meeting, Nov 28, 2023.
New Risk • Oct 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 1.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (JP¥7.80b market cap, or US$52.5m).
Upcoming Dividend • Aug 23Upcoming dividend of JP¥15.00 per share at 2.4% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%).
お知らせ • Aug 03Watts Co., Ltd. to Report Fiscal Year 2023 Results on Oct 10, 2023Watts Co., Ltd. announced that they will report fiscal year 2023 results on Oct 10, 2023
Reported Earnings • Jul 13Third quarter 2023 earnings released: EPS: JP¥1.03 (vs JP¥11.56 in 3Q 2022)Third quarter 2023 results: EPS: JP¥1.03 (down from JP¥11.56 in 3Q 2022). Revenue: JP¥14.9b (flat on 3Q 2022). Net income: JP¥14.0m (down 91% from 3Q 2022). Profit margin: 0.1% (down from 1.0% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year.
お知らせ • Jul 12Watts Co., Ltd. (TSE:2735) announces an Equity Buyback for 440,000 shares, representing 3.24% for ¥300 million.Watts Co., Ltd. (TSE:2735) announces a share repurchase program. Under the program, the company will repurchase up to 440,000 shares, 3.24% of its issued share capital, for ¥300 million. The company will cancel all the shares repurchased. The purpose of the acquisition and cancellation of treasury stock is to improve capital efficiency and enhance shareholder returns. The program will be valid till March 29, 2024. As of June 30, 2023, the company had 13,580,308 issued shares (excluding treasury stock) and 318,492 shares in treasury.
Reported Earnings • Apr 12Second quarter 2023 earnings released: EPS: JP¥5.67 (vs JP¥13.80 in 2Q 2022)Second quarter 2023 results: EPS: JP¥5.67 (down from JP¥13.80 in 2Q 2022). Revenue: JP¥14.9b (flat on 2Q 2022). Net income: JP¥77.0m (down 59% from 2Q 2022). Profit margin: 0.5% (down from 1.3% in 2Q 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • Jan 14First quarter 2023 earnings released: EPS: JP¥15.84 (vs JP¥13.06 in 1Q 2022)First quarter 2023 results: EPS: JP¥15.84 (up from JP¥13.06 in 1Q 2022). Revenue: JP¥14.7b (up 7.1% from 1Q 2022). Net income: JP¥215.0m (up 23% from 1Q 2022). Profit margin: 1.5% (up from 1.3% 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 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. No independent directors (9 non-independent directors). Director Yoshiko Hayashido was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Nov 06+ 2 more updatesWatts Co., Ltd. to Report Q1, 2023 Results on Jan 13, 2023Watts Co., Ltd. announced that they will report Q1, 2023 results on Jan 13, 2023
お知らせ • Oct 13Watts Co., Ltd., Annual General Meeting, Nov 25, 2022Watts Co., Ltd., Annual General Meeting, Nov 25, 2022.
Reported Earnings • Oct 13Full year 2022 earnings released: EPS: JP¥57.82 (vs JP¥72.03 in FY 2021)Full year 2022 results: EPS: JP¥57.82 (down from JP¥72.03 in FY 2021). Revenue: JP¥58.3b (up 15% from FY 2021). Net income: JP¥781.0m (down 19% from FY 2021). Profit margin: 1.3% (down from 1.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 23Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 26 November 2022. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).
Reported Earnings • Jul 13Third quarter 2022 earnings released: EPS: JP¥11.56 (vs JP¥15.23 in 3Q 2021)Third quarter 2022 results: EPS: JP¥11.56 (down from JP¥15.23 in 3Q 2021). Revenue: JP¥15.0b (up 18% from 3Q 2021). Net income: JP¥157.0m (down 23% from 3Q 2021). Profit margin: 1.0% (down from 1.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. No independent directors (11 non-independent directors). Manager of Overseas Business Department and Director Masahiro Hirata was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 12Second quarter 2022 earnings released: EPS: JP¥13.80 (vs JP¥20.38 in 2Q 2021)Second quarter 2022 results: EPS: JP¥13.80 (down from JP¥20.38 in 2Q 2021). Revenue: JP¥14.8b (up 14% from 2Q 2021). Net income: JP¥186.0m (down 32% from 2Q 2021). Profit margin: 1.3% (down from 2.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jan 16First quarter 2022 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2022 results: EPS: JP¥13.06 (down from JP¥39.33 in 1Q 2021). Revenue: JP¥13.7b (up 8.1% from 1Q 2021). Net income: JP¥175.0m (down 67% from 1Q 2021). Profit margin: 1.3% (down from 4.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Oct 13Full year 2021 earnings released: EPS JP¥72.03 (vs JP¥57.77 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¥50.7b (down 4.0% from FY 2020). Net income: JP¥965.0m (up 25% from FY 2020). Profit margin: 1.9% (up from 1.5% 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 49% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Aug 23Upcoming dividend of JP¥22.00 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 26 November 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (1.7%).
Reported Earnings • Jul 15Third quarter 2021 earnings released: EPS JP¥15.23 (vs JP¥4.70 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥12.7b (down 6.6% from 3Q 2020). Net income: JP¥204.0m (up 224% from 3Q 2020). Profit margin: 1.6% (up from 0.5% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 14Second quarter 2021 earnings released: EPS JP¥20.38 (vs JP¥24.56 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥12.9b (down 2.7% from 2Q 2020). Net income: JP¥273.0m (down 17% from 2Q 2020). Profit margin: 2.1% (down from 2.5% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Mar 09New 90-day high: JP¥931The company is up 13% from its price of JP¥825 on 09 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Multiline Retail industry, which is also up 13% over the same period.
Reported Earnings • Jan 14First quarter 2021 earnings released: EPS JP¥39.33The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: JP¥12.7b (flat on 1Q 2020). Net income: JP¥527.0m (up 479% from 1Q 2020). Profit margin: 4.2% (up from 0.7% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
Is New 90 Day High Low • Jan 12New 90-day high: JP¥926The company is up 12% from its price of JP¥826 on 14 October 2020. The Japanese market is also up 12% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Multiline Retail industry, which is down 1.0% over the same period.
お知らせ • Jan 09Watts Co., Ltd. to Report Fiscal Year 2021 Results on Oct 12, 2021Watts Co., Ltd. announced that they will report fiscal year 2021 results on Oct 12, 2021
