View Future GrowthWatami 과거 순이익 실적과거 기준 점검 4/6Watami은 연평균 61.5%의 비율로 수입이 증가해 온 반면, Hospitality 산업은 수입이 37.2% 증가했습니다. 매출은 연평균 8.9%의 비율로 증가했습니다. Watami의 자기자본이익률은 13.5%이고 순이익률은 4.4%입니다.핵심 정보61.45%순이익 성장률61.74%주당순이익(EPS) 성장률Hospitality 산업 성장률7.31%매출 성장률8.88%자기자본이익률13.46%순이익률4.40%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • May 15Full year 2026 earnings released: EPS: JP¥102 (vs JP¥75.90 in FY 2025)Full year 2026 results: EPS: JP¥102 (up from JP¥75.90 in FY 2025). Revenue: JP¥93.3b (up 5.1% from FY 2025). Net income: JP¥4.11b (up 35% from FY 2025). Profit margin: 4.4% (up from 3.4% in FY 2025). The increase in margin was driven by higher revenue. 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 1% per year, which means it is significantly lagging earnings.공시 • May 10Watami Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Watami Co., Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026Reported Earnings • Feb 16Third quarter 2026 earnings released: EPS: JP¥66.95 (vs JP¥69.63 in 3Q 2025)Third quarter 2026 results: EPS: JP¥66.95 (down from JP¥69.63 in 3Q 2025). Revenue: JP¥24.6b (up 8.3% from 3Q 2025). Net income: JP¥2.69b (down 3.8% from 3Q 2025). Profit margin: 11% (down from 12% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공시 • Dec 27Watami Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026Watami Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026분석 기사 • Nov 25We Think Watami's (TSE:7522) Profit Is Only A Baseline For What They Can AchieveWatami Co., Ltd. ( TSE:7522 ) just reported healthy earnings but the stock price didn't move much. Our analysis...Reported Earnings • Nov 15Second quarter 2026 earnings released: EPS: JP¥30.28 (vs JP¥12.60 loss in 2Q 2025)Second quarter 2026 results: EPS: JP¥30.28 (up from JP¥12.60 loss in 2Q 2025). Revenue: JP¥22.6b (up 2.9% from 2Q 2025). Net income: JP¥1.21b (up JP¥1.72b from 2Q 2025). Profit margin: 5.4% (up from net loss in 2Q 2025). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.모든 업데이트 보기Recent updatesReported Earnings • May 15Full year 2026 earnings released: EPS: JP¥102 (vs JP¥75.90 in FY 2025)Full year 2026 results: EPS: JP¥102 (up from JP¥75.90 in FY 2025). Revenue: JP¥93.3b (up 5.1% from FY 2025). Net income: JP¥4.11b (up 35% from FY 2025). Profit margin: 4.4% (up from 3.4% in FY 2025). The increase in margin was driven by higher revenue. 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 1% per year, which means it is significantly lagging earnings.공시 • May 13Watami Co., Ltd., Annual General Meeting, Jun 27, 2026Watami Co., Ltd., Annual General Meeting, Jun 27, 2026.공시 • May 10Watami Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Watami Co., Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.9%).New Risk • Feb 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.5% Last year net profit margin: 5.1% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Feb 16Third quarter 2026 earnings released: EPS: JP¥66.95 (vs JP¥69.63 in 3Q 2025)Third quarter 2026 results: EPS: JP¥66.95 (down from JP¥69.63 in 3Q 2025). Revenue: JP¥24.6b (up 8.3% from 3Q 2025). Net income: JP¥2.69b (down 3.8% from 3Q 2025). Profit margin: 11% (down from 12% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.분석 기사 • Feb 15Watami (TSE:7522) Has Affirmed Its Dividend Of ¥10.00Watami Co., Ltd.'s ( TSE:7522 ) investors are due to receive a payment of ¥10.00 per share on 30th of June. Based on...공시 • Feb 14Watami Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2026Watami Co., Ltd. provided dividend guidance of JPY 10 per share as against JPY 10 per share a year ago for the Fiscal year ending March 31, 2026.분석 기사 • Jan 03Watami (TSE:7522) Has Affirmed Its Dividend Of ¥10.00Watami Co., Ltd. ( TSE:7522 ) has announced that it will pay a dividend of ¥10.00 per share on the 30th of June. This...공시 • Dec 27Watami Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026Watami Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026분석 기사 • Dec 20Watami (TSE:7522) Has Affirmed Its Dividend Of ¥10.00Watami Co., Ltd. ( TSE:7522 ) has announced that it will pay a dividend of ¥10.00 per share on the 30th of June. This...분석 기사 • Nov 28Watami (TSE:7522) Has Announced A Dividend Of ¥10.00The board of Watami Co., Ltd. ( TSE:7522 ) has announced that it will pay a dividend on the 30th of June, with...분석 기사 • Nov 25We Think Watami's (TSE:7522) Profit Is Only A Baseline For What They Can AchieveWatami Co., Ltd. ( TSE:7522 ) just reported healthy earnings but the stock price didn't move much. Our analysis...Reported Earnings • Nov 15Second quarter 2026 earnings released: EPS: JP¥30.28 (vs JP¥12.60 loss in 2Q 2025)Second quarter 2026 results: EPS: JP¥30.28 (up from JP¥12.60 loss in 2Q 2025). Revenue: JP¥22.6b (up 2.9% from 2Q 2025). Net income: JP¥1.21b (up JP¥1.72b from 2Q 2025). Profit margin: 5.4% (up from net loss in 2Q 2025). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.분석 기사 • Nov 14Watami's (TSE:7522) Dividend Will Be ¥10.00Watami Co., Ltd. ( TSE:7522 ) has announced that it will pay a dividend of ¥10.00 per share on the 30th of June. Based...Declared Dividend • Nov 14Dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 1.1%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 68% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Sep 03Watami Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025Watami Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025Reported Earnings • Aug 16First quarter 2026 earnings released: EPS: JP¥12.56 (vs JP¥42.45 in 1Q 2025)First quarter 2026 results: EPS: JP¥12.56 (down from JP¥42.45 in 1Q 2025). Revenue: JP¥22.1b (up 3.3% from 1Q 2025). Net income: JP¥503.0m (down 70% from 1Q 2025). Profit margin: 2.3% (down from 7.9% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 05Full year 2025 earnings released: EPS: JP¥87.90 (vs JP¥92.65 in FY 2024)Full year 2025 results: EPS: JP¥87.90 (down from JP¥92.65 in FY 2024). Revenue: JP¥88.7b (up 7.8% from FY 2024). Net income: JP¥3.52b (down 5.1% from FY 2024). Profit margin: 4.0% (down from 4.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공시 • Jun 27Watami Co., Ltd. to Report Q1, 2026 Results on Aug 15, 2025Watami Co., Ltd. announced that they will report Q1, 2026 results on Aug 15, 2025분석 기사 • May 26We Think You Can Look Beyond Watami's (TSE:7522) Lackluster EarningsThe market for Watami Co., Ltd.'s ( TSE:7522 ) shares didn't move much after it posted weak earnings recently. We did...Reported Earnings • May 17Full year 2025 earnings released: EPS: JP¥87.90 (vs JP¥92.65 in FY 2024)Full year 2025 results: EPS: JP¥87.90 (down from JP¥92.65 in FY 2024). Revenue: JP¥88.7b (up 7.8% from FY 2024). Net income: JP¥3.52b (down 5.1% from FY 2024). Profit margin: 4.0% (down from 4.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • May 14Now 20% undervaluedOver the last 90 days, the stock has risen 8.8% to JP¥1,030. The fair value is estimated to be JP¥1,296, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Meanwhile, the company has become profitable.공시 • May 13Watami Co., Ltd., Annual General Meeting, Jun 29, 2025Watami Co., Ltd., Annual General Meeting, Jun 29, 2025.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥1,126, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 23x in the Hospitality industry in Japan. Total returns to shareholders of 25% over the past three years.분석 기사 • Apr 08The Return Trends At Watami (TSE:7522) Look PromisingIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...Buy Or Sell Opportunity • Apr 04Now 22% undervaluedOver the last 90 days, the stock has risen 1.8% to JP¥992. The fair value is estimated to be JP¥1,272, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Meanwhile, the company has become profitable.공시 • Mar 27Watami Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025Watami Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 9.1% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (0.8%).Reported Earnings • Feb 17Third quarter 2025 earnings released: EPS: JP¥69.63 (vs JP¥12.28 in 3Q 2024)Third quarter 2025 results: EPS: JP¥69.63 (up from JP¥12.28 in 3Q 2024). Revenue: JP¥22.7b (up 2.2% from 3Q 2024). Net income: JP¥2.79b (up 467% from 3Q 2024). Profit margin: 12% (up from 2.2% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.공시 • Nov 30Watami Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025Watami Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025분석 기사 • Nov 25We Think Watami's (TSE:7522) Profit Is Only A Baseline For What They Can AchieveInvestors were underwhelmed by the solid earnings posted by Watami Co., Ltd. ( TSE:7522 ) recently. Our analysis says...Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥1,069, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 21x in the Hospitality industry in Japan. Total returns to shareholders of 9.3% over the past three years.공시 • Oct 25Watami Co., Ltd. (TSE:7522) acquired Subway Japan Inc. from Subway International B.V.Watami Co., Ltd. (TSE:7522) acquired Subway Japan Inc. from Subway International B.V. on October 25, 2024. Watami Co., Ltd. (TSE:7522) completed the acquisition of Subway Japan Inc. from Subway International B.V. on October 25, 2024.Buy Or Sell Opportunity • Oct 22Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at JP¥937. The fair value is estimated to be JP¥1,181, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Aug 14First quarter 2025 earnings released: EPS: JP¥42.45 (vs JP¥44.57 in 1Q 2024)First quarter 2025 results: EPS: JP¥42.45 (down from JP¥44.57 in 1Q 2024). Revenue: JP¥21.4b (up 8.8% from 1Q 2024). Net income: JP¥1.70b (down 4.5% from 1Q 2024). Profit margin: 7.9% (down from 9.0% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.New Risk • Jun 28New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.Reported Earnings • Jun 28Full year 2024 earnings released: EPS: JP¥105 (vs JP¥41.26 in FY 2023)Full year 2024 results: EPS: JP¥105 (up from JP¥41.26 in FY 2023). Revenue: JP¥82.3b (up 5.6% from FY 2023). Net income: JP¥4.19b (up 150% from FY 2023). Profit margin: 5.1% (up from 2.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • Jun 28Watami Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024Watami Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024분석 기사 • May 21Shareholders Will Be Pleased With The Quality of Watami's (TSE:7522) EarningsThe subdued stock price reaction suggests that Watami Co., Ltd.'s ( TSE:7522 ) strong earnings didn't offer any...Reported Earnings • May 16Full year 2024 earnings released: EPS: JP¥105 (vs JP¥41.26 in FY 2023)Full year 2024 results: EPS: JP¥105 (up from JP¥41.26 in FY 2023). Revenue: JP¥82.3b (up 5.6% from FY 2023). Net income: JP¥4.19b (up 150% from FY 2023). Profit margin: 5.1% (up from 2.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • May 15Watami Co., Ltd., Annual General Meeting, Jun 23, 2024Watami Co., Ltd., Annual General Meeting, Jun 23, 2024.공시 • Apr 08Watami Co., Ltd. (TSE:7522) entered into asset purchase agreement to acquire Assets of Sonny Sushi for $4 million.Watami Co., Ltd. (TSE:7522) entered into asset purchase agreement to acquire Assets of Sonny Sushi for $4 million on April 6, 2024. The acquisition funds will be funded by borrowings from financial institutions and paid in a lump sum with cash on hand.Upcoming Dividend • Mar 21Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (0.6%).Reported Earnings • Feb 11Third quarter 2024 earnings released: EPS: JP¥21.28 (vs JP¥32.87 loss in 3Q 2023)Third quarter 2024 results: EPS: JP¥21.28 (up from JP¥32.87 loss in 3Q 2023). Revenue: JP¥22.2b (up 11% from 3Q 2023). Net income: JP¥853.0m (up JP¥2.19b from 3Q 2023). Profit margin: 3.8% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • Dec 29Watami Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024Watami Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024Reported Earnings • Nov 18Second quarter 2024 earnings released: EPS: JP¥25.40 (vs JP¥57.77 in 2Q 2023)Second quarter 2024 results: EPS: JP¥25.40 (down from JP¥57.77 in 2Q 2023). Revenue: JP¥20.6b (down 2.7% from 2Q 2023). Net income: JP¥1.02b (down 57% from 2Q 2023). Profit margin: 4.9% (down from 11% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.New Risk • Oct 31New 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 5.4% 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 Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results.공시 • Sep 17Watami Co., Ltd. to Report Q2, 2024 Results on Nov 14, 2023Watami Co., Ltd. announced that they will report Q2, 2024 results on Nov 14, 2023Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥1,029, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 32x in the Hospitality industry in Japan. Total returns to shareholders of 14% over the past three years.Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥44.57 (vs JP¥21.74 in 1Q 2023)First quarter 2024 results: EPS: JP¥44.57 (up from JP¥21.74 in 1Q 2023). Revenue: JP¥19.7b (up 10% from 1Q 2023). Net income: JP¥1.78b (up 102% from 1Q 2023). Profit margin: 9.0% (up from 4.9% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • Jul 25Watami Co., Ltd. announced that it expects to receive ¥89.3 million in funding from S Foods Inc.Watami Co., Ltd. announced a private placement to issue 100,000 common shares at an issue price of ¥893 per share for gross proceeds of ¥89,300,000 on July 24, 2023. The transaction will include participation from new investor, S Foods Inc. The transaction has been approved by the board of directors of the company. The company is raising funds through third-party allotment. The company is expected to close the transaction on August 9, 2023.공시 • Jun 29Watami Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023Watami Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥41.26 (vs JP¥45.48 loss in FY 2022)Full year 2023 results: EPS: JP¥41.26 (up from JP¥45.48 loss in FY 2022). Revenue: JP¥77.9b (up 21% from FY 2022). Net income: JP¥1.67b (up JP¥3.52b from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.공시 • May 14Watami Co., Ltd., Annual General Meeting, Jun 23, 2023Watami Co., Ltd., Annual General Meeting, Jun 23, 2023.Reported Earnings • Feb 12Third quarter 2023 earnings released: JP¥32.87 loss per share (vs JP¥42.97 profit in 3Q 2022)Third quarter 2023 results: JP¥32.87 loss per share (down from JP¥42.97 profit in 3Q 2022). Revenue: JP¥20.1b (up 11% from 3Q 2022). Net loss: JP¥1.34b (down 177% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.공시 • Dec 28Watami Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023Watami Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. 2 independent directors (5 non-independent directors). External Auditor Shigeo Nakanishi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥57.77 (vs JP¥33.80 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥57.77 (up from JP¥33.80 loss in 2Q 2022). Revenue: JP¥21.2b (up 45% from 2Q 2022). Net income: JP¥2.35b (up JP¥3.72b from 2Q 2022). Profit margin: 11% (up from net loss in 2Q 2022). 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 11% per year, which means it is significantly lagging earnings.공시 • Sep 28Watami Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022Watami Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022Reported Earnings • Aug 14First quarter 2023 earnings released: EPS: JP¥21.74 (vs JP¥43.36 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥21.74 (up from JP¥43.36 loss in 1Q 2022). Revenue: JP¥17.8b (up 28% from 1Q 2022). Net income: JP¥882.0m (up JP¥2.64b from 1Q 2022). Profit margin: 4.9% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.공시 • Jun 29Watami Co., Ltd. to Report Q1, 2023 Results on Aug 12, 2022Watami Co., Ltd. announced that they will report Q1, 2023 results on Aug 12, 2022Reported Earnings • May 19Full year 2022 earnings released: JP¥45.48 loss per share (vs JP¥293 loss in FY 2021)Full year 2022 results: JP¥45.48 loss per share (up from JP¥293 loss in FY 2021). Revenue: JP¥64.4b (up 5.8% from FY 2021). Net loss: JP¥1.84b (loss narrowed 84% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.공시 • May 15Watami Co., Ltd., Annual General Meeting, Jun 26, 2022Watami Co., Ltd., Annual General Meeting, Jun 26, 2022.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). External Auditor Shigeo Nakanishi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Apr 08Watami Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022Watami Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022Reported Earnings • Feb 17Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥49.00 (up from JP¥35.01 loss in 3Q 2021). Revenue: JP¥18.1b (up 1.0% from 3Q 2021). Net income: JP¥1.99b (up JP¥3.37b from 3Q 2021). Profit margin: 11% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 15Second quarter 2022 earnings released: JP¥30.75 loss per share (vs JP¥66.01 loss in 2Q 2021)The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥14.6b (down 7.9% from 2Q 2021). Net loss: JP¥1.25b (loss narrowed 52% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.공시 • May 25Watami Co., Ltd. announced that it expects to receive ¥12 billion in fundingWatami Co., Ltd. (TSE:7522) announced a private placement of 120 Class A Preferred Shares at a price of ¥100,000,000 per share for gross proceeds of ¥12,000,000,000 on May 24, 2021. The transaction will include participation from new investor DBJ Food and Beverage Support Fund L.P. through third-party allotment. The transaction has been approved in the board of directors meeting and is subject to approval in the Ordinary General Meeting of Shareholders to be held on June 27, 2021. The company will receive net proceeds of ¥11,898,000,000 in the transaction. The payment date is on June 28, 2021.공시 • Mar 23Watami Co., Ltd. announced that it has received ¥1.0000962 billion in funding from Arete Ltd.On March 22, 2021, Watami Co., Ltd. (TSE:7522) closed the transaction.공시 • Mar 06Watami Co., Ltd. announced that it expects to receive ¥1.0000962 billion in funding from Arete Ltd.Watami Co., Ltd. (TSE:7522) announced a private placement of 998,100 shares for ¥1,002 per share for gross proceeds of ¥1,000,096,200 on March 5, 2021. The transaction will include participation from returning investor Arete Ltd. increasing its stake from 26.47% to 28.28% after completion. The company will issue shares by method of third-party allocation. The company will receive net proceeds of ¥996,096,200 in the transaction.Is New 90 Day High Low • Feb 24New 90-day high: JP¥1,044The company is up 16% from its price of JP¥900 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period.Reported Earnings • Feb 14Third quarter 2021 earnings released: JP¥35.01 loss per share (vs JP¥5.36 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥17.9b (down 27% from 3Q 2020). Net loss: JP¥1.38b (down JP¥1.60b from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Jan 04New 90-day low: JP¥828The company is down 23% from its price of JP¥1,076 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 6.0% over the same period.Is New 90 Day High Low • Dec 14New 90-day low: JP¥886The company is down 16% from its price of JP¥1,055 on 15 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 Hospitality industry, which is up 11% over the same period.공시 • Nov 14Watami Co., Ltd. to Report Q2, 2021 Results on Nov 13, 2020Watami Co., Ltd. announced that they will report Q2, 2021 results on Nov 13, 2020매출 및 비용 세부 내역Watami가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:7522 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 2693,2684,10747,152031 Dec 2591,9353,20744,699030 Sep 2590,0433,32244,179030 Jun 2589,4111,83743,889031 Mar 2588,7133,04143,792031 Dec 2485,8734,40543,735030 Sep 2485,3742,10743,714030 Jun 2484,0253,62943,685031 Mar 2482,3023,71042,879031 Dec 2381,3113,07241,602030 Sep 2379,1861,24441,258030 Jun 2379,7692,57441,109031 Mar 2377,9221,67440,705031 Dec 2276,8271,43240,667030 Sep 2274,7824,51239,636030 Jun 2268,22479437,317031 Mar 2264,362-1,84436,542031 Dec 2161,032-4,40535,610030 Sep 2160,855-7,53336,816030 Jun 2162,115-8,76738,486031 Mar 2160,852-11,56139,266031 Dec 2067,634-11,13241,872030 Sep 2074,198-9,53744,587030 Jun 2080,814-7,43047,644031 Mar 2090,928-2,94551,041031 Dec 1992,40521251,627030 Sep 1993,5371,39151,677030 Jun 1994,4341,61651,618031 Mar 1994,7011,37351,531031 Dec 1895,53864251,462030 Sep 1895,493-19051,652030 Jun 1895,9205052,001031 Mar 1896,45815052,403031 Dec 1798,798-84053,563030 Sep 1799,525-71854,210030 Jun 1799,490-1,39654,944031 Mar 17100,312-1,83356,045031 Dec 1699,781-2,73854,652030 Sep 16106,8808,52356,354030 Jun 16118,1908,70758,960031 Mar 16128,2467,81061,472031 Dec 15140,3402,66066,616030 Sep 15147,248-10,81270,038030 Jun 15150,370-13,40773,0900양질의 수익: 7522는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 7522의 현재 순 이익률 (4.4%)은 지난해 (3.4%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 7522는 지난 5년 동안 흑자전환하며 연평균 61.5%의 수익 성장을 기록했습니다.성장 가속화: 지난 1년간 7522 의 수익 증가율(35.1%)은 5년 평균(연간 61.5%)보다 낮습니다.수익 대 산업: 7522의 지난 1년 수익 증가율(35.1%)은 Hospitality 업계의 11%를 상회했습니다.자기자본이익률높은 ROE: 7522의 자본 수익률(13.5%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-services 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 18:07종가2026/05/22 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 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Watami Co., Ltd.는 7명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Masao OkadaCitigroup IncFumihiko ShimizuDaiwa Securities Co. Ltd.Seiichiro SamejimaIchiyoshi Research Institute Inc.4명의 분석가 더 보기
Reported Earnings • May 15Full year 2026 earnings released: EPS: JP¥102 (vs JP¥75.90 in FY 2025)Full year 2026 results: EPS: JP¥102 (up from JP¥75.90 in FY 2025). Revenue: JP¥93.3b (up 5.1% from FY 2025). Net income: JP¥4.11b (up 35% from FY 2025). Profit margin: 4.4% (up from 3.4% in FY 2025). The increase in margin was driven by higher revenue. 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 1% per year, which means it is significantly lagging earnings.
공시 • May 10Watami Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Watami Co., Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026
Reported Earnings • Feb 16Third quarter 2026 earnings released: EPS: JP¥66.95 (vs JP¥69.63 in 3Q 2025)Third quarter 2026 results: EPS: JP¥66.95 (down from JP¥69.63 in 3Q 2025). Revenue: JP¥24.6b (up 8.3% from 3Q 2025). Net income: JP¥2.69b (down 3.8% from 3Q 2025). Profit margin: 11% (down from 12% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공시 • Dec 27Watami Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026Watami Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026
분석 기사 • Nov 25We Think Watami's (TSE:7522) Profit Is Only A Baseline For What They Can AchieveWatami Co., Ltd. ( TSE:7522 ) just reported healthy earnings but the stock price didn't move much. Our analysis...
Reported Earnings • Nov 15Second quarter 2026 earnings released: EPS: JP¥30.28 (vs JP¥12.60 loss in 2Q 2025)Second quarter 2026 results: EPS: JP¥30.28 (up from JP¥12.60 loss in 2Q 2025). Revenue: JP¥22.6b (up 2.9% from 2Q 2025). Net income: JP¥1.21b (up JP¥1.72b from 2Q 2025). Profit margin: 5.4% (up from net loss in 2Q 2025). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • May 15Full year 2026 earnings released: EPS: JP¥102 (vs JP¥75.90 in FY 2025)Full year 2026 results: EPS: JP¥102 (up from JP¥75.90 in FY 2025). Revenue: JP¥93.3b (up 5.1% from FY 2025). Net income: JP¥4.11b (up 35% from FY 2025). Profit margin: 4.4% (up from 3.4% in FY 2025). The increase in margin was driven by higher revenue. 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 1% per year, which means it is significantly lagging earnings.
공시 • May 13Watami Co., Ltd., Annual General Meeting, Jun 27, 2026Watami Co., Ltd., Annual General Meeting, Jun 27, 2026.
공시 • May 10Watami Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Watami Co., Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.9%).
New Risk • Feb 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.5% Last year net profit margin: 5.1% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Feb 16Third quarter 2026 earnings released: EPS: JP¥66.95 (vs JP¥69.63 in 3Q 2025)Third quarter 2026 results: EPS: JP¥66.95 (down from JP¥69.63 in 3Q 2025). Revenue: JP¥24.6b (up 8.3% from 3Q 2025). Net income: JP¥2.69b (down 3.8% from 3Q 2025). Profit margin: 11% (down from 12% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
분석 기사 • Feb 15Watami (TSE:7522) Has Affirmed Its Dividend Of ¥10.00Watami Co., Ltd.'s ( TSE:7522 ) investors are due to receive a payment of ¥10.00 per share on 30th of June. Based on...
공시 • Feb 14Watami Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2026Watami Co., Ltd. provided dividend guidance of JPY 10 per share as against JPY 10 per share a year ago for the Fiscal year ending March 31, 2026.
분석 기사 • Jan 03Watami (TSE:7522) Has Affirmed Its Dividend Of ¥10.00Watami Co., Ltd. ( TSE:7522 ) has announced that it will pay a dividend of ¥10.00 per share on the 30th of June. This...
공시 • Dec 27Watami Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026Watami Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026
분석 기사 • Dec 20Watami (TSE:7522) Has Affirmed Its Dividend Of ¥10.00Watami Co., Ltd. ( TSE:7522 ) has announced that it will pay a dividend of ¥10.00 per share on the 30th of June. This...
분석 기사 • Nov 28Watami (TSE:7522) Has Announced A Dividend Of ¥10.00The board of Watami Co., Ltd. ( TSE:7522 ) has announced that it will pay a dividend on the 30th of June, with...
분석 기사 • Nov 25We Think Watami's (TSE:7522) Profit Is Only A Baseline For What They Can AchieveWatami Co., Ltd. ( TSE:7522 ) just reported healthy earnings but the stock price didn't move much. Our analysis...
Reported Earnings • Nov 15Second quarter 2026 earnings released: EPS: JP¥30.28 (vs JP¥12.60 loss in 2Q 2025)Second quarter 2026 results: EPS: JP¥30.28 (up from JP¥12.60 loss in 2Q 2025). Revenue: JP¥22.6b (up 2.9% from 2Q 2025). Net income: JP¥1.21b (up JP¥1.72b from 2Q 2025). Profit margin: 5.4% (up from net loss in 2Q 2025). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
분석 기사 • Nov 14Watami's (TSE:7522) Dividend Will Be ¥10.00Watami Co., Ltd. ( TSE:7522 ) has announced that it will pay a dividend of ¥10.00 per share on the 30th of June. Based...
Declared Dividend • Nov 14Dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 1.1%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 68% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Sep 03Watami Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025Watami Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025
Reported Earnings • Aug 16First quarter 2026 earnings released: EPS: JP¥12.56 (vs JP¥42.45 in 1Q 2025)First quarter 2026 results: EPS: JP¥12.56 (down from JP¥42.45 in 1Q 2025). Revenue: JP¥22.1b (up 3.3% from 1Q 2025). Net income: JP¥503.0m (down 70% from 1Q 2025). Profit margin: 2.3% (down from 7.9% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 05Full year 2025 earnings released: EPS: JP¥87.90 (vs JP¥92.65 in FY 2024)Full year 2025 results: EPS: JP¥87.90 (down from JP¥92.65 in FY 2024). Revenue: JP¥88.7b (up 7.8% from FY 2024). Net income: JP¥3.52b (down 5.1% from FY 2024). Profit margin: 4.0% (down from 4.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공시 • Jun 27Watami Co., Ltd. to Report Q1, 2026 Results on Aug 15, 2025Watami Co., Ltd. announced that they will report Q1, 2026 results on Aug 15, 2025
분석 기사 • May 26We Think You Can Look Beyond Watami's (TSE:7522) Lackluster EarningsThe market for Watami Co., Ltd.'s ( TSE:7522 ) shares didn't move much after it posted weak earnings recently. We did...
Reported Earnings • May 17Full year 2025 earnings released: EPS: JP¥87.90 (vs JP¥92.65 in FY 2024)Full year 2025 results: EPS: JP¥87.90 (down from JP¥92.65 in FY 2024). Revenue: JP¥88.7b (up 7.8% from FY 2024). Net income: JP¥3.52b (down 5.1% from FY 2024). Profit margin: 4.0% (down from 4.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • May 14Now 20% undervaluedOver the last 90 days, the stock has risen 8.8% to JP¥1,030. The fair value is estimated to be JP¥1,296, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Meanwhile, the company has become profitable.
공시 • May 13Watami Co., Ltd., Annual General Meeting, Jun 29, 2025Watami Co., Ltd., Annual General Meeting, Jun 29, 2025.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥1,126, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 23x in the Hospitality industry in Japan. Total returns to shareholders of 25% over the past three years.
분석 기사 • Apr 08The Return Trends At Watami (TSE:7522) Look PromisingIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
Buy Or Sell Opportunity • Apr 04Now 22% undervaluedOver the last 90 days, the stock has risen 1.8% to JP¥992. The fair value is estimated to be JP¥1,272, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Meanwhile, the company has become profitable.
공시 • Mar 27Watami Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025Watami Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 9.1% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (0.8%).
Reported Earnings • Feb 17Third quarter 2025 earnings released: EPS: JP¥69.63 (vs JP¥12.28 in 3Q 2024)Third quarter 2025 results: EPS: JP¥69.63 (up from JP¥12.28 in 3Q 2024). Revenue: JP¥22.7b (up 2.2% from 3Q 2024). Net income: JP¥2.79b (up 467% from 3Q 2024). Profit margin: 12% (up from 2.2% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
공시 • Nov 30Watami Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025Watami Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025
분석 기사 • Nov 25We Think Watami's (TSE:7522) Profit Is Only A Baseline For What They Can AchieveInvestors were underwhelmed by the solid earnings posted by Watami Co., Ltd. ( TSE:7522 ) recently. Our analysis says...
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥1,069, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 21x in the Hospitality industry in Japan. Total returns to shareholders of 9.3% over the past three years.
공시 • Oct 25Watami Co., Ltd. (TSE:7522) acquired Subway Japan Inc. from Subway International B.V.Watami Co., Ltd. (TSE:7522) acquired Subway Japan Inc. from Subway International B.V. on October 25, 2024. Watami Co., Ltd. (TSE:7522) completed the acquisition of Subway Japan Inc. from Subway International B.V. on October 25, 2024.
Buy Or Sell Opportunity • Oct 22Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at JP¥937. The fair value is estimated to be JP¥1,181, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Aug 14First quarter 2025 earnings released: EPS: JP¥42.45 (vs JP¥44.57 in 1Q 2024)First quarter 2025 results: EPS: JP¥42.45 (down from JP¥44.57 in 1Q 2024). Revenue: JP¥21.4b (up 8.8% from 1Q 2024). Net income: JP¥1.70b (down 4.5% from 1Q 2024). Profit margin: 7.9% (down from 9.0% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
New Risk • Jun 28New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
Reported Earnings • Jun 28Full year 2024 earnings released: EPS: JP¥105 (vs JP¥41.26 in FY 2023)Full year 2024 results: EPS: JP¥105 (up from JP¥41.26 in FY 2023). Revenue: JP¥82.3b (up 5.6% from FY 2023). Net income: JP¥4.19b (up 150% from FY 2023). Profit margin: 5.1% (up from 2.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • Jun 28Watami Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024Watami Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024
분석 기사 • May 21Shareholders Will Be Pleased With The Quality of Watami's (TSE:7522) EarningsThe subdued stock price reaction suggests that Watami Co., Ltd.'s ( TSE:7522 ) strong earnings didn't offer any...
Reported Earnings • May 16Full year 2024 earnings released: EPS: JP¥105 (vs JP¥41.26 in FY 2023)Full year 2024 results: EPS: JP¥105 (up from JP¥41.26 in FY 2023). Revenue: JP¥82.3b (up 5.6% from FY 2023). Net income: JP¥4.19b (up 150% from FY 2023). Profit margin: 5.1% (up from 2.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • May 15Watami Co., Ltd., Annual General Meeting, Jun 23, 2024Watami Co., Ltd., Annual General Meeting, Jun 23, 2024.
공시 • Apr 08Watami Co., Ltd. (TSE:7522) entered into asset purchase agreement to acquire Assets of Sonny Sushi for $4 million.Watami Co., Ltd. (TSE:7522) entered into asset purchase agreement to acquire Assets of Sonny Sushi for $4 million on April 6, 2024. The acquisition funds will be funded by borrowings from financial institutions and paid in a lump sum with cash on hand.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (0.6%).
Reported Earnings • Feb 11Third quarter 2024 earnings released: EPS: JP¥21.28 (vs JP¥32.87 loss in 3Q 2023)Third quarter 2024 results: EPS: JP¥21.28 (up from JP¥32.87 loss in 3Q 2023). Revenue: JP¥22.2b (up 11% from 3Q 2023). Net income: JP¥853.0m (up JP¥2.19b from 3Q 2023). Profit margin: 3.8% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • Dec 29Watami Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024Watami Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024
Reported Earnings • Nov 18Second quarter 2024 earnings released: EPS: JP¥25.40 (vs JP¥57.77 in 2Q 2023)Second quarter 2024 results: EPS: JP¥25.40 (down from JP¥57.77 in 2Q 2023). Revenue: JP¥20.6b (down 2.7% from 2Q 2023). Net income: JP¥1.02b (down 57% from 2Q 2023). Profit margin: 4.9% (down from 11% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
New Risk • Oct 31New 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 5.4% 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 Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results.
공시 • Sep 17Watami Co., Ltd. to Report Q2, 2024 Results on Nov 14, 2023Watami Co., Ltd. announced that they will report Q2, 2024 results on Nov 14, 2023
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥1,029, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 32x in the Hospitality industry in Japan. Total returns to shareholders of 14% over the past three years.
Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥44.57 (vs JP¥21.74 in 1Q 2023)First quarter 2024 results: EPS: JP¥44.57 (up from JP¥21.74 in 1Q 2023). Revenue: JP¥19.7b (up 10% from 1Q 2023). Net income: JP¥1.78b (up 102% from 1Q 2023). Profit margin: 9.0% (up from 4.9% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • Jul 25Watami Co., Ltd. announced that it expects to receive ¥89.3 million in funding from S Foods Inc.Watami Co., Ltd. announced a private placement to issue 100,000 common shares at an issue price of ¥893 per share for gross proceeds of ¥89,300,000 on July 24, 2023. The transaction will include participation from new investor, S Foods Inc. The transaction has been approved by the board of directors of the company. The company is raising funds through third-party allotment. The company is expected to close the transaction on August 9, 2023.
공시 • Jun 29Watami Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023Watami Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023
Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥41.26 (vs JP¥45.48 loss in FY 2022)Full year 2023 results: EPS: JP¥41.26 (up from JP¥45.48 loss in FY 2022). Revenue: JP¥77.9b (up 21% from FY 2022). Net income: JP¥1.67b (up JP¥3.52b from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
공시 • May 14Watami Co., Ltd., Annual General Meeting, Jun 23, 2023Watami Co., Ltd., Annual General Meeting, Jun 23, 2023.
Reported Earnings • Feb 12Third quarter 2023 earnings released: JP¥32.87 loss per share (vs JP¥42.97 profit in 3Q 2022)Third quarter 2023 results: JP¥32.87 loss per share (down from JP¥42.97 profit in 3Q 2022). Revenue: JP¥20.1b (up 11% from 3Q 2022). Net loss: JP¥1.34b (down 177% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
공시 • Dec 28Watami Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023Watami Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. 2 independent directors (5 non-independent directors). External Auditor Shigeo Nakanishi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥57.77 (vs JP¥33.80 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥57.77 (up from JP¥33.80 loss in 2Q 2022). Revenue: JP¥21.2b (up 45% from 2Q 2022). Net income: JP¥2.35b (up JP¥3.72b from 2Q 2022). Profit margin: 11% (up from net loss in 2Q 2022). 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 11% per year, which means it is significantly lagging earnings.
공시 • Sep 28Watami Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022Watami Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022
Reported Earnings • Aug 14First quarter 2023 earnings released: EPS: JP¥21.74 (vs JP¥43.36 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥21.74 (up from JP¥43.36 loss in 1Q 2022). Revenue: JP¥17.8b (up 28% from 1Q 2022). Net income: JP¥882.0m (up JP¥2.64b from 1Q 2022). Profit margin: 4.9% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
공시 • Jun 29Watami Co., Ltd. to Report Q1, 2023 Results on Aug 12, 2022Watami Co., Ltd. announced that they will report Q1, 2023 results on Aug 12, 2022
Reported Earnings • May 19Full year 2022 earnings released: JP¥45.48 loss per share (vs JP¥293 loss in FY 2021)Full year 2022 results: JP¥45.48 loss per share (up from JP¥293 loss in FY 2021). Revenue: JP¥64.4b (up 5.8% from FY 2021). Net loss: JP¥1.84b (loss narrowed 84% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
공시 • May 15Watami Co., Ltd., Annual General Meeting, Jun 26, 2022Watami Co., Ltd., Annual General Meeting, Jun 26, 2022.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). External Auditor Shigeo Nakanishi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Apr 08Watami Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022Watami Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022
Reported Earnings • Feb 17Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥49.00 (up from JP¥35.01 loss in 3Q 2021). Revenue: JP¥18.1b (up 1.0% from 3Q 2021). Net income: JP¥1.99b (up JP¥3.37b from 3Q 2021). Profit margin: 11% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 15Second quarter 2022 earnings released: JP¥30.75 loss per share (vs JP¥66.01 loss in 2Q 2021)The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥14.6b (down 7.9% from 2Q 2021). Net loss: JP¥1.25b (loss narrowed 52% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.
공시 • May 25Watami Co., Ltd. announced that it expects to receive ¥12 billion in fundingWatami Co., Ltd. (TSE:7522) announced a private placement of 120 Class A Preferred Shares at a price of ¥100,000,000 per share for gross proceeds of ¥12,000,000,000 on May 24, 2021. The transaction will include participation from new investor DBJ Food and Beverage Support Fund L.P. through third-party allotment. The transaction has been approved in the board of directors meeting and is subject to approval in the Ordinary General Meeting of Shareholders to be held on June 27, 2021. The company will receive net proceeds of ¥11,898,000,000 in the transaction. The payment date is on June 28, 2021.
공시 • Mar 23Watami Co., Ltd. announced that it has received ¥1.0000962 billion in funding from Arete Ltd.On March 22, 2021, Watami Co., Ltd. (TSE:7522) closed the transaction.
공시 • Mar 06Watami Co., Ltd. announced that it expects to receive ¥1.0000962 billion in funding from Arete Ltd.Watami Co., Ltd. (TSE:7522) announced a private placement of 998,100 shares for ¥1,002 per share for gross proceeds of ¥1,000,096,200 on March 5, 2021. The transaction will include participation from returning investor Arete Ltd. increasing its stake from 26.47% to 28.28% after completion. The company will issue shares by method of third-party allocation. The company will receive net proceeds of ¥996,096,200 in the transaction.
Is New 90 Day High Low • Feb 24New 90-day high: JP¥1,044The company is up 16% from its price of JP¥900 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period.
Reported Earnings • Feb 14Third quarter 2021 earnings released: JP¥35.01 loss per share (vs JP¥5.36 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥17.9b (down 27% from 3Q 2020). Net loss: JP¥1.38b (down JP¥1.60b from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Jan 04New 90-day low: JP¥828The company is down 23% from its price of JP¥1,076 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Dec 14New 90-day low: JP¥886The company is down 16% from its price of JP¥1,055 on 15 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 Hospitality industry, which is up 11% over the same period.
공시 • Nov 14Watami Co., Ltd. to Report Q2, 2021 Results on Nov 13, 2020Watami Co., Ltd. announced that they will report Q2, 2021 results on Nov 13, 2020