View Future GrowthWatts 過去の業績過去 基準チェック /16Wattsの収益は年間平均-1.7%の割合で減少していますが、 Multiline Retail業界の収益は年間 増加しています。収益は年間10.8% 3.9%割合で 増加しています。 Wattsの自己資本利益率は6.2%であり、純利益率は1.3%です。主要情報-1.66%収益成長率-1.12%EPS成長率Multiline Retail 業界の成長9.72%収益成長率3.94%株主資本利益率6.18%ネット・マージン1.33%次回の業績アップデート09 Jul 2026最近の業績更新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.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 • 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すべての更新を表示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収支内訳Watts の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TSE:2735 収益、費用、利益 ( )JPY Millions日付収益収益G+A経費研究開発費28 Feb 2662,38882922,784030 Nov 2561,93487322,623031 Aug 2561,57887022,488031 May 2561,66573622,564028 Feb 2561,4671,00422,433030 Nov 2461,4391,00522,421031 Aug 2461,25790422,344031 May 2460,48270421,950029 Feb 2460,01439421,821030 Nov 2359,42312521,841031 Aug 2359,30925021,832031 May 2359,30256921,919028 Feb 2359,39171221,902030 Nov 2259,32082121,718031 Aug 2258,34778121,282031 May 2255,83047920,370028 Feb 2253,59052619,437030 Nov 2151,73561318,560031 Aug 2150,70296517,956031 May 2151,5331,29517,932028 Feb 2152,4311,15418,128030 Nov 2052,7851,21018,281031 Aug 2052,79577418,446031 May 2052,38638318,530029 Feb 2051,73338718,506030 Nov 1951,3717418,583031 Aug 1951,3997018,620031 May 1951,26516818,562028 Feb 1951,20635718,418030 Nov 1850,33154918,138031 Aug 1849,44463317,803031 May 1848,67074517,535028 Feb 1847,89672917,174030 Nov 1747,72979216,928031 Aug 1747,49483916,785031 May 1747,28592816,475028 Feb 1746,76586016,334030 Nov 1646,45682516,203031 Aug 1646,17671816,103031 May 1645,67556616,107029 Feb 1645,34655415,902030 Nov 1544,86050415,749031 Aug 1544,46270015,4670質の高い収益: 2735は 高品質の収益 を持っています。利益率の向上: 2735の現在の純利益率 (1.3%)は、昨年(1.6%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 2735の収益は過去 5 年間で年間1.7%減少しました。成長の加速: 2735は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 2735は過去 1 年間で収益成長率がマイナス ( -17.4% ) となったため、 Multiline Retail業界平均 ( 12.9% ) と比較することが困難です。株主資本利益率高いROE: 2735の 自己資本利益率 ( 6.2% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YRetail 、過去の業績が好調な企業。View Financial Health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2026/06/21 19:53終値2026/06/19 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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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.
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 • 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 • 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