View Future GrowthWatahanLtd 과거 순이익 실적과거 기준 점검 4/6WatahanLtd은 연평균 6.3%의 비율로 수입이 증가해 온 반면, Consumer Retailing 산업은 수입이 11% 증가했습니다. 매출은 연평균 4%의 비율로 증가했습니다. WatahanLtd의 자기자본이익률은 9%이고 순이익률은 1.6%입니다.핵심 정보6.32%순이익 성장률6.62%주당순이익(EPS) 성장률Consumer Retailing 산업 성장률7.83%매출 성장률4.00%자기자본이익률8.97%순이익률1.57%다음 순이익 업데이트28 Jul 2026최근 과거 실적 업데이트분석 기사 • May 18We Think WatahanLtd's (TSE:3199) Healthy Earnings Might Be ConservativeWatahan & Co.,Ltd.'s ( TSE:3199 ) recent earnings report didn't offer any surprises, with the shares unchanged over the...Reported Earnings • May 12Full year 2026 earnings released: EPS: JP¥111 (vs JP¥105 in FY 2025)Full year 2026 results: EPS: JP¥111 (up from JP¥105 in FY 2025). Revenue: JP¥135.5b (up 1.4% from FY 2025). Net income: JP¥2.13b (up 2.6% from FY 2025). Profit margin: 1.6% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥47.71 (vs JP¥45.39 in 3Q 2025)Third quarter 2026 results: EPS: JP¥47.71 (up from JP¥45.39 in 3Q 2025). Revenue: JP¥37.2b (up 4.2% from 3Q 2025). Net income: JP¥925.0m (up 2.1% from 3Q 2025). Profit margin: 2.5% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 28Second quarter 2026 earnings released: EPS: JP¥25.28 (vs JP¥31.28 in 2Q 2025)Second quarter 2026 results: EPS: JP¥25.28 (down from JP¥31.28 in 2Q 2025). Revenue: JP¥33.0b (down 1.2% from 2Q 2025). Net income: JP¥490.0m (down 22% from 2Q 2025). Profit margin: 1.5% (down from 1.9% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 25First quarter 2026 earnings released: EPS: JP¥33.32 (vs JP¥30.91 in 1Q 2025)First quarter 2026 results: EPS: JP¥33.32 (up from JP¥30.91 in 1Q 2025). Revenue: JP¥32.4b (up 1.9% from 1Q 2025). Net income: JP¥645.0m (up 4.7% from 1Q 2025). Profit margin: 2.0% (up from 1.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.공고 • Jun 06+ 2 more updatesWatahan & Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026Watahan & Co.,Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026모든 업데이트 보기Recent updates분석 기사 • May 18We Think WatahanLtd's (TSE:3199) Healthy Earnings Might Be ConservativeWatahan & Co.,Ltd.'s ( TSE:3199 ) recent earnings report didn't offer any surprises, with the shares unchanged over the...New Risk • May 13New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.1% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.New Risk • May 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.Reported Earnings • May 12Full year 2026 earnings released: EPS: JP¥111 (vs JP¥105 in FY 2025)Full year 2026 results: EPS: JP¥111 (up from JP¥105 in FY 2025). Revenue: JP¥135.5b (up 1.4% from FY 2025). Net income: JP¥2.13b (up 2.6% from FY 2025). Profit margin: 1.6% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공고 • May 11Watahan & Co.,Ltd., Annual General Meeting, Jun 26, 2026Watahan & Co.,Ltd., Annual General Meeting, Jun 26, 2026.Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥47.71 (vs JP¥45.39 in 3Q 2025)Third quarter 2026 results: EPS: JP¥47.71 (up from JP¥45.39 in 3Q 2025). Revenue: JP¥37.2b (up 4.2% from 3Q 2025). Net income: JP¥925.0m (up 2.1% from 3Q 2025). Profit margin: 2.5% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.분석 기사 • Jan 31WatahanLtd's (TSE:3199) Upcoming Dividend Will Be Larger Than Last Year'sWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...공고 • Jan 31Watahan & Co.,Ltd. (TSE:3199) announces an Equity Buyback for 700,000 shares, representing 3.61% for ¥989.8 million.Watahan & Co.,Ltd. (TSE:3199) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 3.61% of its issued share capital (excluding treasury stock) for ¥989 million. The shares will be repurchased at ¥1,414 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of December 31, 2025, the company had 19,388,015 issued shares (excluding treasury stock) and 570,925 treasury shares.분석 기사 • Oct 29WatahanLtd's (TSE:3199) Upcoming Dividend Will Be Larger Than Last Year'sWatahan & Co.,Ltd. ( TSE:3199 ) will increase its dividend from last year's comparable payment on the 8th of June to...Declared Dividend • Oct 29Dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 30th March 2026 Payment date: 8th June 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 74% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.3% EPS decline seen over the last 5 years.Reported Earnings • Oct 28Second quarter 2026 earnings released: EPS: JP¥25.28 (vs JP¥31.28 in 2Q 2025)Second quarter 2026 results: EPS: JP¥25.28 (down from JP¥31.28 in 2Q 2025). Revenue: JP¥33.0b (down 1.2% from 2Q 2025). Net income: JP¥490.0m (down 22% from 2Q 2025). Profit margin: 1.5% (down from 1.9% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 25First quarter 2026 earnings released: EPS: JP¥33.32 (vs JP¥30.91 in 1Q 2025)First quarter 2026 results: EPS: JP¥33.32 (up from JP¥30.91 in 1Q 2025). Revenue: JP¥32.4b (up 1.9% from 1Q 2025). Net income: JP¥645.0m (up 4.7% from 1Q 2025). Profit margin: 2.0% (up from 1.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.공고 • Jun 06+ 2 more updatesWatahan & Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026Watahan & Co.,Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026Reported Earnings • May 13Full year 2025 earnings released: EPS: JP¥105 (vs JP¥93.08 in FY 2024)Full year 2025 results: EPS: JP¥105 (up from JP¥93.08 in FY 2024). Revenue: JP¥133.6b (up 4.3% from FY 2024). Net income: JP¥2.08b (up 12% from FY 2024). Profit margin: 1.6% (up from 1.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year.공고 • May 12+ 4 more updatesWatahan & Co.,Ltd., Annual General Meeting, Jun 27, 2025Watahan & Co.,Ltd., Annual General Meeting, Jun 27, 2025.분석 기사 • Apr 08Watahan & Co.,Ltd. (TSE:3199) Screens Well But There Might Be A CatchThere wouldn't be many who think Watahan & Co.,Ltd.'s ( TSE:3199 ) price-to-earnings (or "P/E") ratio of 11.2x is worth...New Risk • Mar 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows.공고 • Mar 28Watahan & Co.,Ltd. to Report Fiscal Year 2025 Results on May 12, 2025Watahan & Co.,Ltd. announced that they will report fiscal year 2025 results on May 12, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.7%).분석 기사 • Feb 14WatahanLtd's (TSE:3199) Shareholders Will Receive A Bigger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...Reported Earnings • Jan 31Third quarter 2025 earnings released: EPS: JP¥45.39 (vs JP¥37.93 in 3Q 2024)Third quarter 2025 results: EPS: JP¥45.39 (up from JP¥37.93 in 3Q 2024). Revenue: JP¥35.7b (up 4.5% from 3Q 2024). Net income: JP¥906.0m (up 20% from 3Q 2024). Profit margin: 2.5% (up from 2.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year.분석 기사 • Jan 30WatahanLtd's (TSE:3199) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of Watahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be paying its dividend of ¥24.00 on the 9th of...공고 • Jan 30Watahan & Co.,Ltd. (TSE:3199) announces an Equity Buyback for 600,000 shares, representing 3.01% for ¥978 million.Watahan & Co.,Ltd. (TSE:3199) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 3.01% of its issued share capital (excluding treasury stock) for ¥978 million. The shares will be repurchased at ¥1,630 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of December 31, 2024, the company had 19,958,605 issued shares (excluding treasury stock) and 335 treasury shares.분석 기사 • Jan 09WatahanLtd (TSE:3199) Is Paying Out A Larger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...분석 기사 • Dec 09WatahanLtd (TSE:3199) Is Paying Out A Larger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...분석 기사 • Nov 27WatahanLtd's (TSE:3199) Shareholders May Want To Dig Deeper Than Statutory ProfitWatahan & Co.,Ltd.'s ( TSE:3199 ) robust recent earnings didn't do much to move the stock. We believe that shareholders...분석 기사 • Nov 25WatahanLtd (TSE:3199) Has Announced That It Will Be Increasing Its Dividend To ¥24.00Watahan & Co.,Ltd.'s ( TSE:3199 ) dividend will be increasing from last year's payment of the same period to ¥24.00 on...New Risk • Nov 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio).분석 기사 • Oct 30WatahanLtd (TSE:3199) Is Paying Out A Larger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...Declared Dividend • Oct 30Dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 28th March 2025 Payment date: 9th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 14% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 8.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Oct 29Second quarter 2025 earnings released: EPS: JP¥31.28 (vs JP¥27.01 in 2Q 2024)Second quarter 2025 results: EPS: JP¥31.28 (up from JP¥27.01 in 2Q 2024). Revenue: JP¥33.4b (up 3.8% from 2Q 2024). Net income: JP¥624.0m (up 16% from 2Q 2024). Profit margin: 1.9% (up from 1.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year.Reported Earnings • Jul 27First quarter 2025 earnings released: EPS: JP¥30.91 (vs JP¥11.46 in 1Q 2024)First quarter 2025 results: EPS: JP¥30.91 (up from JP¥11.46 in 1Q 2024). Revenue: JP¥31.8b (up 6.9% from 1Q 2024). Net income: JP¥616.0m (up 170% from 1Q 2024). Profit margin: 1.9% (up from 0.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year.분석 기사 • May 21WatahanLtd's (TSE:3199) Earnings Offer More Than Meets The EyeWatahan & Co.,Ltd.'s ( TSE:3199 ) solid earnings announcement recently didn't do much to the stock price. We did some...Board Change • May 14Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Kazuyuki Nakajima was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥93.07 (vs JP¥83.14 in FY 2023)Full year 2024 results: EPS: JP¥93.07 (up from JP¥83.14 in FY 2023). Revenue: JP¥128.1b (down 4.6% from FY 2023). Net income: JP¥1.85b (up 12% from FY 2023). Profit margin: 1.4% (up from 1.2% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year.공고 • May 12Watahan & Co.,Ltd., Annual General Meeting, Jun 28, 2024Watahan & Co.,Ltd., Annual General Meeting, Jun 28, 2024.공고 • Mar 29+ 2 more updatesWatahan & Co.,Ltd. to Report Q1, 2025 Results on Jul 25, 2024Watahan & Co.,Ltd. announced that they will report Q1, 2025 results on Jul 25, 2024공고 • Mar 28Watahan & Co.,Ltd. to Report Fiscal Year 2024 Results on May 10, 2024Watahan & Co.,Ltd. announced that they will report fiscal year 2024 results on May 10, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.5%).분석 기사 • Feb 27WatahanLtd (TSE:3199) Is Increasing Its Dividend To ¥23.00Watahan & Co.,Ltd.'s ( TSE:3199 ) dividend will be increasing from last year's payment of the same period to ¥23.00 on...Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥37.93 (vs JP¥34.53 in 3Q 2023)Third quarter 2024 results: EPS: JP¥37.93 (up from JP¥34.53 in 3Q 2023). Revenue: JP¥34.2b (down 5.9% from 3Q 2023). Net income: JP¥756.0m (up 10.0% from 3Q 2023). Profit margin: 2.2% (up from 1.9% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥27.00 (vs JP¥18.66 in 2Q 2023)Second quarter 2024 results: EPS: JP¥27.00 (up from JP¥18.66 in 2Q 2023). Revenue: JP¥32.2b (down 3.3% from 2Q 2023). Net income: JP¥538.0m (up 45% from 2Q 2023). Profit margin: 1.7% (up from 1.1% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year.Reported Earnings • Jul 28First quarter 2024 earnings released: EPS: JP¥11.46 (vs JP¥16.72 in 1Q 2023)First quarter 2024 results: EPS: JP¥11.46 (down from JP¥16.72 in 1Q 2023). Revenue: JP¥29.8b (down 3.9% from 1Q 2023). Net income: JP¥228.0m (down 31% from 1Q 2023). Profit margin: 0.8% (down from 1.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥83.14 (vs JP¥111 in FY 2022)Full year 2023 results: EPS: JP¥83.14 (down from JP¥111 in FY 2022). Revenue: JP¥134.3b (up 17% from FY 2022). Net income: JP¥1.65b (down 25% from FY 2022). Profit margin: 1.2% (down from 1.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.공고 • May 13Watahan & Co.,Ltd., Annual General Meeting, Jun 23, 2023Watahan & Co.,Ltd., Annual General Meeting, Jun 23, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥22.00 per share at 1.6% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%).공고 • Feb 01+ 1 more updateWatahan & Co.,Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2023Watahan & Co.,Ltd. provided year-end dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expects to pay year-end dividend of JPY 22.00 per share against JPY 21.00 per share paid for the same period a year ago.Reported Earnings • Feb 01Third quarter 2023 earnings released: EPS: JP¥34.53 (vs JP¥40.49 in 3Q 2022)Third quarter 2023 results: EPS: JP¥34.53 (down from JP¥40.49 in 3Q 2022). Revenue: JP¥36.3b (up 17% from 3Q 2022). Net income: JP¥687.0m (down 15% from 3Q 2022). Profit margin: 1.9% (down from 2.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Junko Sakamoto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 28Second quarter 2023 earnings released: EPS: JP¥18.66 (vs JP¥28.72 in 2Q 2022)Second quarter 2023 results: EPS: JP¥18.66 (down from JP¥28.72 in 2Q 2022). Revenue: JP¥33.3b (up 20% from 2Q 2022). Net income: JP¥371.0m (down 35% from 2Q 2022). Profit margin: 1.1% (down from 2.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.공고 • Oct 28+ 1 more updateWatahan & Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Watahan & Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the fiscal year, the company expects net sales to be JPY 125,000 million. Operating profit to be JPY 2,950 million. Profit attributable to owners of parent to be JPY 2,250 million. Basic earnings per share to be JPY 113.31.Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥16.72 (vs JP¥11.96 in 1Q 2022)First quarter 2023 results: EPS: JP¥16.72 (up from JP¥11.96 in 1Q 2022). Revenue: JP¥31.0b (up 19% from 1Q 2022). Net income: JP¥332.0m (up 40% from 1Q 2022). Profit margin: 1.1% (up from 0.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year.공고 • Jul 29+ 1 more updateWatahan & Co.,Ltd. Provides Dividend Guidance for the Year Ending March 31, 2023Watahan & Co.,Ltd. provided dividend guidance for the year ending March 31, 2023. For the period, the company expects dividend to be JPY 22 per share compared to JPY 21 per share a year ago.Reported Earnings • May 19Full year 2022 earnings released: EPS: JP¥111 (vs JP¥96.92 in FY 2021)Full year 2022 results: EPS: JP¥111 (up from JP¥96.92 in FY 2021). Revenue: JP¥114.5b (flat on FY 2021). Net income: JP¥2.20b (up 15% from FY 2021). Profit margin: 1.9% (up from 1.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.공고 • May 14+ 2 more updatesWatahan & Co.,Ltd. Provides Earnings Guidance for the Six Months Period Ending September 30, 2022; Fiscal Year Ending March 31, 2023Watahan & Co.,Ltd. provided earnings guidance for the six months period ending September 30, 2022 and fiscal year ending March 31, 2023. For the six months, the company expects net sales to be JPY 61,971 million. Operating profit to be JPY 1,042 million. Profit attributable to owners of parent to be JPY 810 million. Basic earnings per share to be JPY 40.79. For the fiscal year, the company expects net sales to be JPY 125,000 million. Operating profit to be JPY 2,950 million. Profit attributable to owners of parent to be JPY 2,250 million. Basic earnings per share to be JPY 113.31.공고 • May 13Watahan & Co.,Ltd., Annual General Meeting, Jun 24, 2022Watahan & Co.,Ltd., Annual General Meeting, Jun 24, 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Junko Sakamoto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Apr 14+ 2 more updatesWatahan & Co.,Ltd. to Report Q2, 2023 Results on Oct 27, 2022Watahan & Co.,Ltd. announced that they will report Q2, 2023 results on Oct 27, 2022공고 • Apr 08Watahan & Co.,Ltd. to Report Fiscal Year 2022 Results on May 13, 2022Watahan & Co.,Ltd. announced that they will report fiscal year 2022 results on May 13, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.6%).공고 • Jan 28+ 1 more updateWatahan & Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022Watahan & Co.,Ltd. provides consolidated earnings guidance for the fiscal year ending March 31, 2022. For the period, the company expects net sales to be JPY 120,000 million, operating profit to be JPY 3,371 million, profit attributable to owners of parent to be JPY 2,100 million and Basic earnings per share to be JPY 105.98.Reported Earnings • Jan 28Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥40.49 (up from JP¥29.93 in 3Q 2021). Revenue: JP¥31.1b (up 4.0% from 3Q 2021). Net income: JP¥804.0m (up 36% from 3Q 2021). Profit margin: 2.6% (up from 2.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Reported Earnings • Oct 29Second quarter 2022 earnings released: EPS JP¥28.72 (vs JP¥28.18 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥27.8b (down 3.1% from 2Q 2021). Net income: JP¥570.0m (up 2.2% from 2Q 2021). Profit margin: 2.0% (up from 1.9% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year.Reported Earnings • Jun 29Full year 2021 earnings released: EPS JP¥96.92 (vs JP¥76.92 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥114.8b (down 4.5% from FY 2020). Net income: JP¥1.92b (up 26% from FY 2020). Profit margin: 1.7% (up from 1.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.공고 • Jun 11Watahan & Co.,Ltd. (TSE:3199) agreed to acquire Yume House, K.K. from Yusuke Akatsuka for ¥2.7 billion.Watahan & Co.,Ltd. (TSE:3199) agreed to acquire Yume House, K.K. from Yusuke Akatsuka for ¥2.7 billion on June 10, 2021. Yume House, K.K. reported sales of ¥13.7 billion, total assets of ¥9.9 billion, EBIT of ¥346 million, net profit of ¥255 million and net worth of ¥2.9 billion as of September 30, 2020. The transaction is expected to complete on July 15, 2021.공고 • May 16+ 1 more updateWatahan & Co.,Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2022Watahan & Co.,Ltd. provided year-end dividend guidance for the fiscal year ending March 31, 2022. The company expects to pay year-end dividend of JPY 21.00 per share compared to JPY 20.00 per share paid a year ago.Upcoming Dividend • Mar 23Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 30 June 2021. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.4%).Is New 90 Day High Low • Feb 18New 90-day low: JP¥1,262The company is down 13% from its price of JP¥1,450 on 20 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 7.0% over the same period.Reported Earnings • Feb 02Third quarter 2021 earnings released: EPS JP¥29.92 (vs JP¥36.18 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥29.9b (down 4.0% from 3Q 2020). Net income: JP¥593.0m (down 17% from 3Q 2020). Profit margin: 2.0% (down from 2.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Dec 22New 90-day low: JP¥1,284The company is down 21% from its price of JP¥1,623 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is flat over the same period.매출 및 비용 세부 내역WatahanLtd가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:3199 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 26135,4512,13024,406031 Dec 25135,2931,99124,627030 Sep 25133,7871,97224,420030 Jun 25134,1842,10624,021031 Mar 25133,5942,07724,621031 Dec 24132,8952,47824,300030 Sep 24131,3642,32824,468030 Jun 24130,1362,24224,936031 Mar 24128,0721,85424,565031 Dec 23129,8501,78524,986030 Sep 23131,9891,71625,289030 Jun 23133,0921,54925,429031 Mar 23134,2991,65325,220031 Dec 22130,1501,98324,713030 Sep 22124,9542,10024,176030 Jun 22119,4462,29923,294031 Mar 22114,5002,20422,637031 Dec 21110,9251,39322,361030 Sep 21109,7281,18221,944030 Jun 21110,6231,17021,486031 Mar 21114,7901,91921,222031 Dec 20119,0042,39020,603030 Sep 20120,2372,51220,008030 Jun 20122,1682,35219,993031 Mar 20120,1871,51919,928031 Dec 19118,6291,87619,714030 Sep 19116,1701,50219,554030 Jun 19110,9561,39419,085031 Mar 19106,4621,61218,559031 Dec 18103,2621,34918,501030 Sep 18102,1281,55418,593030 Jun 18101,4141,61118,916031 Mar 18102,3641,48319,225031 Dec 17101,3581,45219,273030 Sep 1799,0461,48218,689030 Jun 1795,7681,22017,743031 Mar 1792,7801,34416,877031 Dec 1690,2531,26616,138030 Sep 1689,2391,10115,846030 Jun 1689,6471,43715,521031 Mar 1688,7921,26315,172031 Dec 1587,1851,80914,503030 Sep 1586,1911,74214,0130양질의 수익: 3199는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 3199의 현재 순 이익률 (1.6%)은 지난해 (1.6%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 3199의 수익은 지난 5년 동안 연평균 6.3% 증가했습니다.성장 가속화: 지난 1년간 3199 의 수익 증가율(2.6%)은 5년 평균(연간 6.3%)보다 낮습니다.수익 대 산업: 3199의 지난 1년 수익 증가율(2.6%)은 Consumer Retailing 업계의 2.1%를 상회했습니다.자기자본이익률높은 ROE: 3199의 자본 수익률(9%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-retailing 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/27 19:00종가2026/07/27 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Watahan & Co.,Ltd.는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Takashi YanahiraIchiyoshi Research Institute Inc.Kenji SakaiMizuho Securities Co., Ltd.
분석 기사 • May 18We Think WatahanLtd's (TSE:3199) Healthy Earnings Might Be ConservativeWatahan & Co.,Ltd.'s ( TSE:3199 ) recent earnings report didn't offer any surprises, with the shares unchanged over the...
Reported Earnings • May 12Full year 2026 earnings released: EPS: JP¥111 (vs JP¥105 in FY 2025)Full year 2026 results: EPS: JP¥111 (up from JP¥105 in FY 2025). Revenue: JP¥135.5b (up 1.4% from FY 2025). Net income: JP¥2.13b (up 2.6% from FY 2025). Profit margin: 1.6% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥47.71 (vs JP¥45.39 in 3Q 2025)Third quarter 2026 results: EPS: JP¥47.71 (up from JP¥45.39 in 3Q 2025). Revenue: JP¥37.2b (up 4.2% from 3Q 2025). Net income: JP¥925.0m (up 2.1% from 3Q 2025). Profit margin: 2.5% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 28Second quarter 2026 earnings released: EPS: JP¥25.28 (vs JP¥31.28 in 2Q 2025)Second quarter 2026 results: EPS: JP¥25.28 (down from JP¥31.28 in 2Q 2025). Revenue: JP¥33.0b (down 1.2% from 2Q 2025). Net income: JP¥490.0m (down 22% from 2Q 2025). Profit margin: 1.5% (down from 1.9% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 25First quarter 2026 earnings released: EPS: JP¥33.32 (vs JP¥30.91 in 1Q 2025)First quarter 2026 results: EPS: JP¥33.32 (up from JP¥30.91 in 1Q 2025). Revenue: JP¥32.4b (up 1.9% from 1Q 2025). Net income: JP¥645.0m (up 4.7% from 1Q 2025). Profit margin: 2.0% (up from 1.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.
공고 • Jun 06+ 2 more updatesWatahan & Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026Watahan & Co.,Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026
분석 기사 • May 18We Think WatahanLtd's (TSE:3199) Healthy Earnings Might Be ConservativeWatahan & Co.,Ltd.'s ( TSE:3199 ) recent earnings report didn't offer any surprises, with the shares unchanged over the...
New Risk • May 13New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.1% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
New Risk • May 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • May 12Full year 2026 earnings released: EPS: JP¥111 (vs JP¥105 in FY 2025)Full year 2026 results: EPS: JP¥111 (up from JP¥105 in FY 2025). Revenue: JP¥135.5b (up 1.4% from FY 2025). Net income: JP¥2.13b (up 2.6% from FY 2025). Profit margin: 1.6% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공고 • May 11Watahan & Co.,Ltd., Annual General Meeting, Jun 26, 2026Watahan & Co.,Ltd., Annual General Meeting, Jun 26, 2026.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥47.71 (vs JP¥45.39 in 3Q 2025)Third quarter 2026 results: EPS: JP¥47.71 (up from JP¥45.39 in 3Q 2025). Revenue: JP¥37.2b (up 4.2% from 3Q 2025). Net income: JP¥925.0m (up 2.1% from 3Q 2025). Profit margin: 2.5% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
분석 기사 • Jan 31WatahanLtd's (TSE:3199) Upcoming Dividend Will Be Larger Than Last Year'sWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...
공고 • Jan 31Watahan & Co.,Ltd. (TSE:3199) announces an Equity Buyback for 700,000 shares, representing 3.61% for ¥989.8 million.Watahan & Co.,Ltd. (TSE:3199) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 3.61% of its issued share capital (excluding treasury stock) for ¥989 million. The shares will be repurchased at ¥1,414 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of December 31, 2025, the company had 19,388,015 issued shares (excluding treasury stock) and 570,925 treasury shares.
분석 기사 • Oct 29WatahanLtd's (TSE:3199) Upcoming Dividend Will Be Larger Than Last Year'sWatahan & Co.,Ltd. ( TSE:3199 ) will increase its dividend from last year's comparable payment on the 8th of June to...
Declared Dividend • Oct 29Dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 30th March 2026 Payment date: 8th June 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 74% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.3% EPS decline seen over the last 5 years.
Reported Earnings • Oct 28Second quarter 2026 earnings released: EPS: JP¥25.28 (vs JP¥31.28 in 2Q 2025)Second quarter 2026 results: EPS: JP¥25.28 (down from JP¥31.28 in 2Q 2025). Revenue: JP¥33.0b (down 1.2% from 2Q 2025). Net income: JP¥490.0m (down 22% from 2Q 2025). Profit margin: 1.5% (down from 1.9% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 25First quarter 2026 earnings released: EPS: JP¥33.32 (vs JP¥30.91 in 1Q 2025)First quarter 2026 results: EPS: JP¥33.32 (up from JP¥30.91 in 1Q 2025). Revenue: JP¥32.4b (up 1.9% from 1Q 2025). Net income: JP¥645.0m (up 4.7% from 1Q 2025). Profit margin: 2.0% (up from 1.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.
공고 • Jun 06+ 2 more updatesWatahan & Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026Watahan & Co.,Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026
Reported Earnings • May 13Full year 2025 earnings released: EPS: JP¥105 (vs JP¥93.08 in FY 2024)Full year 2025 results: EPS: JP¥105 (up from JP¥93.08 in FY 2024). Revenue: JP¥133.6b (up 4.3% from FY 2024). Net income: JP¥2.08b (up 12% from FY 2024). Profit margin: 1.6% (up from 1.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year.
공고 • May 12+ 4 more updatesWatahan & Co.,Ltd., Annual General Meeting, Jun 27, 2025Watahan & Co.,Ltd., Annual General Meeting, Jun 27, 2025.
분석 기사 • Apr 08Watahan & Co.,Ltd. (TSE:3199) Screens Well But There Might Be A CatchThere wouldn't be many who think Watahan & Co.,Ltd.'s ( TSE:3199 ) price-to-earnings (or "P/E") ratio of 11.2x is worth...
New Risk • Mar 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows.
공고 • Mar 28Watahan & Co.,Ltd. to Report Fiscal Year 2025 Results on May 12, 2025Watahan & Co.,Ltd. announced that they will report fiscal year 2025 results on May 12, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.7%).
분석 기사 • Feb 14WatahanLtd's (TSE:3199) Shareholders Will Receive A Bigger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...
Reported Earnings • Jan 31Third quarter 2025 earnings released: EPS: JP¥45.39 (vs JP¥37.93 in 3Q 2024)Third quarter 2025 results: EPS: JP¥45.39 (up from JP¥37.93 in 3Q 2024). Revenue: JP¥35.7b (up 4.5% from 3Q 2024). Net income: JP¥906.0m (up 20% from 3Q 2024). Profit margin: 2.5% (up from 2.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year.
분석 기사 • Jan 30WatahanLtd's (TSE:3199) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of Watahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be paying its dividend of ¥24.00 on the 9th of...
공고 • Jan 30Watahan & Co.,Ltd. (TSE:3199) announces an Equity Buyback for 600,000 shares, representing 3.01% for ¥978 million.Watahan & Co.,Ltd. (TSE:3199) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 3.01% of its issued share capital (excluding treasury stock) for ¥978 million. The shares will be repurchased at ¥1,630 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of December 31, 2024, the company had 19,958,605 issued shares (excluding treasury stock) and 335 treasury shares.
분석 기사 • Jan 09WatahanLtd (TSE:3199) Is Paying Out A Larger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...
분석 기사 • Dec 09WatahanLtd (TSE:3199) Is Paying Out A Larger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...
분석 기사 • Nov 27WatahanLtd's (TSE:3199) Shareholders May Want To Dig Deeper Than Statutory ProfitWatahan & Co.,Ltd.'s ( TSE:3199 ) robust recent earnings didn't do much to move the stock. We believe that shareholders...
분석 기사 • Nov 25WatahanLtd (TSE:3199) Has Announced That It Will Be Increasing Its Dividend To ¥24.00Watahan & Co.,Ltd.'s ( TSE:3199 ) dividend will be increasing from last year's payment of the same period to ¥24.00 on...
New Risk • Nov 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio).
분석 기사 • Oct 30WatahanLtd (TSE:3199) Is Paying Out A Larger Dividend Than Last YearWatahan & Co.,Ltd. ( TSE:3199 ) has announced that it will be increasing its dividend from last year's comparable...
Declared Dividend • Oct 30Dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 28th March 2025 Payment date: 9th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 14% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 8.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Oct 29Second quarter 2025 earnings released: EPS: JP¥31.28 (vs JP¥27.01 in 2Q 2024)Second quarter 2025 results: EPS: JP¥31.28 (up from JP¥27.01 in 2Q 2024). Revenue: JP¥33.4b (up 3.8% from 2Q 2024). Net income: JP¥624.0m (up 16% from 2Q 2024). Profit margin: 1.9% (up from 1.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year.
Reported Earnings • Jul 27First quarter 2025 earnings released: EPS: JP¥30.91 (vs JP¥11.46 in 1Q 2024)First quarter 2025 results: EPS: JP¥30.91 (up from JP¥11.46 in 1Q 2024). Revenue: JP¥31.8b (up 6.9% from 1Q 2024). Net income: JP¥616.0m (up 170% from 1Q 2024). Profit margin: 1.9% (up from 0.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year.
분석 기사 • May 21WatahanLtd's (TSE:3199) Earnings Offer More Than Meets The EyeWatahan & Co.,Ltd.'s ( TSE:3199 ) solid earnings announcement recently didn't do much to the stock price. We did some...
Board Change • May 14Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Kazuyuki Nakajima was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥93.07 (vs JP¥83.14 in FY 2023)Full year 2024 results: EPS: JP¥93.07 (up from JP¥83.14 in FY 2023). Revenue: JP¥128.1b (down 4.6% from FY 2023). Net income: JP¥1.85b (up 12% from FY 2023). Profit margin: 1.4% (up from 1.2% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year.
공고 • May 12Watahan & Co.,Ltd., Annual General Meeting, Jun 28, 2024Watahan & Co.,Ltd., Annual General Meeting, Jun 28, 2024.
공고 • Mar 29+ 2 more updatesWatahan & Co.,Ltd. to Report Q1, 2025 Results on Jul 25, 2024Watahan & Co.,Ltd. announced that they will report Q1, 2025 results on Jul 25, 2024
공고 • Mar 28Watahan & Co.,Ltd. to Report Fiscal Year 2024 Results on May 10, 2024Watahan & Co.,Ltd. announced that they will report fiscal year 2024 results on May 10, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.5%).
분석 기사 • Feb 27WatahanLtd (TSE:3199) Is Increasing Its Dividend To ¥23.00Watahan & Co.,Ltd.'s ( TSE:3199 ) dividend will be increasing from last year's payment of the same period to ¥23.00 on...
Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥37.93 (vs JP¥34.53 in 3Q 2023)Third quarter 2024 results: EPS: JP¥37.93 (up from JP¥34.53 in 3Q 2023). Revenue: JP¥34.2b (down 5.9% from 3Q 2023). Net income: JP¥756.0m (up 10.0% from 3Q 2023). Profit margin: 2.2% (up from 1.9% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.
Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥27.00 (vs JP¥18.66 in 2Q 2023)Second quarter 2024 results: EPS: JP¥27.00 (up from JP¥18.66 in 2Q 2023). Revenue: JP¥32.2b (down 3.3% from 2Q 2023). Net income: JP¥538.0m (up 45% from 2Q 2023). Profit margin: 1.7% (up from 1.1% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year.
Reported Earnings • Jul 28First quarter 2024 earnings released: EPS: JP¥11.46 (vs JP¥16.72 in 1Q 2023)First quarter 2024 results: EPS: JP¥11.46 (down from JP¥16.72 in 1Q 2023). Revenue: JP¥29.8b (down 3.9% from 1Q 2023). Net income: JP¥228.0m (down 31% from 1Q 2023). Profit margin: 0.8% (down from 1.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥83.14 (vs JP¥111 in FY 2022)Full year 2023 results: EPS: JP¥83.14 (down from JP¥111 in FY 2022). Revenue: JP¥134.3b (up 17% from FY 2022). Net income: JP¥1.65b (down 25% from FY 2022). Profit margin: 1.2% (down from 1.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
공고 • May 13Watahan & Co.,Ltd., Annual General Meeting, Jun 23, 2023Watahan & Co.,Ltd., Annual General Meeting, Jun 23, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥22.00 per share at 1.6% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%).
공고 • Feb 01+ 1 more updateWatahan & Co.,Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2023Watahan & Co.,Ltd. provided year-end dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expects to pay year-end dividend of JPY 22.00 per share against JPY 21.00 per share paid for the same period a year ago.
Reported Earnings • Feb 01Third quarter 2023 earnings released: EPS: JP¥34.53 (vs JP¥40.49 in 3Q 2022)Third quarter 2023 results: EPS: JP¥34.53 (down from JP¥40.49 in 3Q 2022). Revenue: JP¥36.3b (up 17% from 3Q 2022). Net income: JP¥687.0m (down 15% from 3Q 2022). Profit margin: 1.9% (down from 2.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Junko Sakamoto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 28Second quarter 2023 earnings released: EPS: JP¥18.66 (vs JP¥28.72 in 2Q 2022)Second quarter 2023 results: EPS: JP¥18.66 (down from JP¥28.72 in 2Q 2022). Revenue: JP¥33.3b (up 20% from 2Q 2022). Net income: JP¥371.0m (down 35% from 2Q 2022). Profit margin: 1.1% (down from 2.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Oct 28+ 1 more updateWatahan & Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Watahan & Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the fiscal year, the company expects net sales to be JPY 125,000 million. Operating profit to be JPY 2,950 million. Profit attributable to owners of parent to be JPY 2,250 million. Basic earnings per share to be JPY 113.31.
Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥16.72 (vs JP¥11.96 in 1Q 2022)First quarter 2023 results: EPS: JP¥16.72 (up from JP¥11.96 in 1Q 2022). Revenue: JP¥31.0b (up 19% from 1Q 2022). Net income: JP¥332.0m (up 40% from 1Q 2022). Profit margin: 1.1% (up from 0.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year.
공고 • Jul 29+ 1 more updateWatahan & Co.,Ltd. Provides Dividend Guidance for the Year Ending March 31, 2023Watahan & Co.,Ltd. provided dividend guidance for the year ending March 31, 2023. For the period, the company expects dividend to be JPY 22 per share compared to JPY 21 per share a year ago.
Reported Earnings • May 19Full year 2022 earnings released: EPS: JP¥111 (vs JP¥96.92 in FY 2021)Full year 2022 results: EPS: JP¥111 (up from JP¥96.92 in FY 2021). Revenue: JP¥114.5b (flat on FY 2021). Net income: JP¥2.20b (up 15% from FY 2021). Profit margin: 1.9% (up from 1.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.
공고 • May 14+ 2 more updatesWatahan & Co.,Ltd. Provides Earnings Guidance for the Six Months Period Ending September 30, 2022; Fiscal Year Ending March 31, 2023Watahan & Co.,Ltd. provided earnings guidance for the six months period ending September 30, 2022 and fiscal year ending March 31, 2023. For the six months, the company expects net sales to be JPY 61,971 million. Operating profit to be JPY 1,042 million. Profit attributable to owners of parent to be JPY 810 million. Basic earnings per share to be JPY 40.79. For the fiscal year, the company expects net sales to be JPY 125,000 million. Operating profit to be JPY 2,950 million. Profit attributable to owners of parent to be JPY 2,250 million. Basic earnings per share to be JPY 113.31.
공고 • May 13Watahan & Co.,Ltd., Annual General Meeting, Jun 24, 2022Watahan & Co.,Ltd., Annual General Meeting, Jun 24, 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Junko Sakamoto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Apr 14+ 2 more updatesWatahan & Co.,Ltd. to Report Q2, 2023 Results on Oct 27, 2022Watahan & Co.,Ltd. announced that they will report Q2, 2023 results on Oct 27, 2022
공고 • Apr 08Watahan & Co.,Ltd. to Report Fiscal Year 2022 Results on May 13, 2022Watahan & Co.,Ltd. announced that they will report fiscal year 2022 results on May 13, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.6%).
공고 • Jan 28+ 1 more updateWatahan & Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022Watahan & Co.,Ltd. provides consolidated earnings guidance for the fiscal year ending March 31, 2022. For the period, the company expects net sales to be JPY 120,000 million, operating profit to be JPY 3,371 million, profit attributable to owners of parent to be JPY 2,100 million and Basic earnings per share to be JPY 105.98.
Reported Earnings • Jan 28Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥40.49 (up from JP¥29.93 in 3Q 2021). Revenue: JP¥31.1b (up 4.0% from 3Q 2021). Net income: JP¥804.0m (up 36% from 3Q 2021). Profit margin: 2.6% (up from 2.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 29Second quarter 2022 earnings released: EPS JP¥28.72 (vs JP¥28.18 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥27.8b (down 3.1% from 2Q 2021). Net income: JP¥570.0m (up 2.2% from 2Q 2021). Profit margin: 2.0% (up from 1.9% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year.
Reported Earnings • Jun 29Full year 2021 earnings released: EPS JP¥96.92 (vs JP¥76.92 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥114.8b (down 4.5% from FY 2020). Net income: JP¥1.92b (up 26% from FY 2020). Profit margin: 1.7% (up from 1.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
공고 • Jun 11Watahan & Co.,Ltd. (TSE:3199) agreed to acquire Yume House, K.K. from Yusuke Akatsuka for ¥2.7 billion.Watahan & Co.,Ltd. (TSE:3199) agreed to acquire Yume House, K.K. from Yusuke Akatsuka for ¥2.7 billion on June 10, 2021. Yume House, K.K. reported sales of ¥13.7 billion, total assets of ¥9.9 billion, EBIT of ¥346 million, net profit of ¥255 million and net worth of ¥2.9 billion as of September 30, 2020. The transaction is expected to complete on July 15, 2021.
공고 • May 16+ 1 more updateWatahan & Co.,Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2022Watahan & Co.,Ltd. provided year-end dividend guidance for the fiscal year ending March 31, 2022. The company expects to pay year-end dividend of JPY 21.00 per share compared to JPY 20.00 per share paid a year ago.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 30 June 2021. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.4%).
Is New 90 Day High Low • Feb 18New 90-day low: JP¥1,262The company is down 13% from its price of JP¥1,450 on 20 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 7.0% over the same period.
Reported Earnings • Feb 02Third quarter 2021 earnings released: EPS JP¥29.92 (vs JP¥36.18 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥29.9b (down 4.0% from 3Q 2020). Net income: JP¥593.0m (down 17% from 3Q 2020). Profit margin: 2.0% (down from 2.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Dec 22New 90-day low: JP¥1,284The company is down 21% from its price of JP¥1,623 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is flat over the same period.