Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥141 (vs JP¥111 in FY 2025) Full year 2026 results: EPS: JP¥141 (up from JP¥111 in FY 2025). Revenue: JP¥45.9b (up 3.0% from FY 2025). Net income: JP¥897.0m (up 26% from FY 2025). Profit margin: 2.0% (up from 1.6% 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 10% per year whereas the company’s share price has increased by 14% per year. Announcement • May 15
WILLTEC Co.,Ltd., Annual General Meeting, Jun 26, 2026 WILLTEC Co.,Ltd., Annual General Meeting, Jun 26, 2026. Announcement • May 10
WILLTEC Co.,Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 WILLTEC Co.,Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Announcement • Mar 03
WILLTEC Co.,Ltd. (TSE:7087) announces an Equity Buyback for 100,000 shares, representing 1.55% for ¥150 million. WILLTEC Co.,Ltd. (TSE:7087) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.55% of its issued share capital (excluding treasury stock), for ¥150 million. The shares will be repurchased at ¥1,368 per share. The purpose of the program is to improve capital efficiency and strengthen shareholder returns. As of January 31, 2026, the company had 6,468,800 shares in issue (excluding treasury stock) and 73,773 shares in treasury. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥57.08 (vs JP¥65.50 in 3Q 2025) Third quarter 2026 results: EPS: JP¥57.08 (down from JP¥65.50 in 3Q 2025). Revenue: JP¥12.0b (up 1.7% from 3Q 2025). Net income: JP¥365.0m (down 12% from 3Q 2025). Profit margin: 3.0% (down from 3.5% 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 10% per year and the company’s share price has also increased by 10% per year. Announcement • Nov 27
WILLTEC Co.,Ltd. to Report Q3, 2026 Results on Feb 10, 2026 WILLTEC Co.,Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥29.13 (vs JP¥52.12 in 2Q 2025) Second quarter 2026 results: EPS: JP¥29.13 (down from JP¥52.12 in 2Q 2025). Revenue: JP¥11.2b (flat on 2Q 2025). Net income: JP¥186.0m (down 44% from 2Q 2025). Profit margin: 1.7% (down from 3.0% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Announcement • Sep 19
WILLTEC Co.,Ltd. to Report Q2, 2026 Results on Nov 12, 2025 WILLTEC Co.,Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 New Risk • Aug 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risk Market cap is less than US$100m (JP¥8.51b market cap, or US$57.7m). Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,067, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 43% over the past three years. Reported Earnings • Aug 14
First quarter 2026 earnings released: JP¥13.38 loss per share (vs JP¥23.24 loss in 1Q 2025) First quarter 2026 results: JP¥13.38 loss per share (improved from JP¥23.24 loss in 1Q 2025). Revenue: JP¥10.7b (up 2.0% from 1Q 2025). Net loss: JP¥85.0m (loss narrowed 43% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
WILLTEC Co.,Ltd. to Report Q1, 2026 Results on Aug 12, 2025 WILLTEC Co.,Ltd. announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥111 (vs JP¥104 in FY 2024) Full year 2025 results: EPS: JP¥111 (up from JP¥104 in FY 2024). Revenue: JP¥44.6b (up 25% from FY 2024). Net income: JP¥710.0m (up 6.6% from FY 2024). Profit margin: 1.6% (down from 1.9% 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 30% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 13
WILLTEC Co.,Ltd., Annual General Meeting, Jun 26, 2025 WILLTEC Co.,Ltd., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥727, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total returns to shareholders of 11% over the past three years. Announcement • Mar 27
WILLTEC Co.,Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 WILLTEC Co.,Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥65.50 (vs JP¥69.61 in 3Q 2024) Third quarter 2025 results: EPS: JP¥65.50 (down from JP¥69.61 in 3Q 2024). Revenue: JP¥11.8b (up 45% from 3Q 2024). Net income: JP¥416.0m (down 6.9% from 3Q 2024). Profit margin: 3.5% (down from 5.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 13
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 7.3% to JP¥910. The fair value is estimated to be JP¥745, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 11%. New Risk • Nov 16
New major risk - Earnings quality The 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 1.9% per year over the past 5 years. High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥5.40b market cap, or US$35.0m). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 13
First quarter 2025 earnings released: JP¥23.24 loss per share (vs JP¥4.07 loss in 1Q 2024) First quarter 2025 results: JP¥23.24 loss per share (further deteriorated from JP¥4.07 loss in 1Q 2024). Revenue: JP¥10.5b (up 28% from 1Q 2024). Net loss: JP¥149.0m (loss widened 473% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 11% per year. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥104 (vs JP¥104 in FY 2023) Full year 2024 results: EPS: JP¥104. Revenue: JP¥35.7b (up 7.4% from FY 2023). Net income: JP¥666.0m (up 1.5% from FY 2023). Profit margin: 1.9% (down from 2.0% in FY 2023). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%). Announcement • Mar 09
WILLTEC Co.,Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 WILLTEC Co.,Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥69.61 (vs JP¥37.06 in 3Q 2023) Third quarter 2024 results: EPS: JP¥69.61 (up from JP¥37.06 in 3Q 2023). Revenue: JP¥8.14b (down 7.3% from 3Q 2023). Net income: JP¥447.0m (up 92% from 3Q 2023). Profit margin: 5.5% (up from 2.7% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Dec 02
WILLTEC Co.,Ltd. to Report Q3, 2024 Results on Feb 09, 2024 WILLTEC Co.,Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 New Risk • Nov 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (JP¥5.85b market cap, or US$39.4m). Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥0.78 (vs JP¥27.08 in 2Q 2023) Second quarter 2024 results: EPS: JP¥0.78 (down from JP¥27.08 in 2Q 2023). Revenue: JP¥7.83b (down 5.4% from 2Q 2023). Net income: JP¥5.00m (down 97% from 2Q 2023). Profit margin: 0.1% (down from 2.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥12.00 per share at 4.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Announcement • Aug 30
WILLTEC Co.,Ltd. to Report Q2, 2024 Results on Nov 09, 2023 WILLTEC Co.,Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 11
First quarter 2024 earnings released: JP¥4.07 loss per share (vs JP¥9.74 profit in 1Q 2023) First quarter 2024 results: JP¥4.07 loss per share (down from JP¥9.74 profit in 1Q 2023). Revenue: JP¥8.22b (up 3.4% from 1Q 2023). Net loss: JP¥26.0m (down 143% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jun 29
WILLTEC Co.,Ltd. to Report Q1, 2024 Results on Aug 09, 2023 WILLTEC Co.,Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥104 (vs JP¥46.77 in FY 2022) Full year 2023 results: EPS: JP¥104 (up from JP¥46.77 in FY 2022). Revenue: JP¥33.2b (up 11% from FY 2022). Net income: JP¥656.0m (up 125% from FY 2022). Profit margin: 2.0% (up from 1.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • May 13
WILLTEC Co.,Ltd., Annual General Meeting, Jun 28, 2023 WILLTEC Co.,Ltd., Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥37.06 (vs JP¥15.79 in 3Q 2022) Third quarter 2023 results: EPS: JP¥37.06 (up from JP¥15.79 in 3Q 2022). Revenue: JP¥8.78b (up 13% from 3Q 2022). Net income: JP¥233.0m (up 138% from 3Q 2022). Profit margin: 2.7% (up from 1.3% in 3Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,000, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 23% over the past year. Announcement • Nov 27
WILLTEC Co.,Ltd. to Report Q3, 2023 Results on Feb 09, 2023 WILLTEC Co.,Ltd. announced that they will report Q3, 2023 results on Feb 09, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥27.08 (vs JP¥21.49 in 2Q 2022) Second quarter 2023 results: EPS: JP¥27.08 (up from JP¥21.49 in 2Q 2022). Revenue: JP¥8.28b (up 14% from 2Q 2022). Net income: JP¥170.0m (up 27% from 2Q 2022). Profit margin: 2.1% (up from 1.8% in 2Q 2022). The increase in margin was driven by higher revenue. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is on the higher end at 82%, and the cash payout ratio is above 100%. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.3%). Announcement • Sep 09
WILLTEC Co.,Ltd. to Report Q2, 2023 Results on Nov 10, 2022 WILLTEC Co.,Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥9.74 (vs JP¥10.21 in 1Q 2022) First quarter 2023 results: EPS: JP¥9.74 (down from JP¥10.21 in 1Q 2022). Revenue: JP¥7.95b (up 12% from 1Q 2022). Net income: JP¥61.0m (down 4.7% from 1Q 2022). Profit margin: 0.8% (down from 0.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Announcement • Jun 09
WILLTEC Co.,Ltd. to Report Q1, 2023 Results on Aug 09, 2022 WILLTEC Co.,Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥46.77 (vs JP¥125 in FY 2021) Full year 2022 results: EPS: JP¥46.77 (down from JP¥125 in FY 2021). Revenue: JP¥30.0b (up 19% from FY 2021). Net income: JP¥292.0m (down 63% from FY 2021). Profit margin: 1.0% (down from 3.1% in FY 2021). The decrease in margin was driven by higher expenses. Announcement • May 14
WILLTEC Co.,Ltd., Annual General Meeting, Jun 28, 2022 WILLTEC Co.,Ltd., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
WILLTEC Co.,Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 WILLTEC Co.,Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥15.79 (down from JP¥42.89 in 3Q 2021). Revenue: JP¥7.76b (up 21% from 3Q 2021). Net income: JP¥98.0m (down 64% from 3Q 2021). Profit margin: 1.3% (down from 4.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥21.49 (vs JP¥43.66 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥7.28b (up 23% from 2Q 2021). Net income: JP¥134.0m (down 51% from 2Q 2021). Profit margin: 1.8% (down from 4.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,289, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 16x in the Commercial Services industry in Japan. Total returns to shareholders of 79% over the past year. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 25% share price decline to JP¥1,173, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 15x in the Commercial Services industry in Japan. Total returns to shareholders of 63% over the past year. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS JP¥10.21 (vs JP¥12.02 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥7.07b (up 22% from 1Q 2021). Net income: JP¥64.0m (up JP¥137.0m from 1Q 2021). Profit margin: 0.9% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Announcement • Aug 12
WILLTEC Co.,Ltd. (TSE:7087) announces an Equity Buyback for 80,000 shares, representing 1.27% for ¥124.48 million. WILLTEC Co.,Ltd. (TSE:7087) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 1.27% of its issued share capital (excluding treasury stock), at ¥1,556 per share, for ¥124.48 million. The purpose of the program is to implement an agile capital policy in response to changes in the business environment. The program will run until August 12, 2021. As of July 31, 2021, the company had 6,275,969 shares in issue (excluding treasury stock) and 31 shares in treasury. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥1,386, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 16x in the Commercial Services industry in Japan. Total returns to shareholders of 117% over the past year. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥1,577, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 17x in the Commercial Services industry in Japan. Total returns to shareholders of 120% over the past year. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improved over the past week After last week's 33% share price gain to JP¥1,310, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 17x in the Commercial Services industry in Japan. Total returns to shareholders of 50% over the past year. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,012, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 16x in the Commercial Services industry in Japan. Total returns to shareholders of 30% over the past year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥1,151, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 17x in the Commercial Services industry in Japan. Total returns to shareholders of 93% over the past year. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥948, the stock is trading at a trailing P/E ratio of 9.4x, up from the previous P/E ratio of 7.9x. This compares to an average P/E of 16x in the Commercial Services industry in Japan. Is New 90 Day High Low • Feb 25
New 90-day high: JP¥866 The company is up 9.0% from its price of JP¥796 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 1.0% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥42.89 (vs JP¥25.22 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥6.41b (up 2.7% from 3Q 2020). Net income: JP¥269.0m (up 96% from 3Q 2020). Profit margin: 4.2% (up from 2.2% in 3Q 2020). Is New 90 Day High Low • Dec 25
New 90-day low: JP¥696 The company is down 12% from its price of JP¥793 on 25 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 Commercial Services industry, which is down 3.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day low: JP¥722 The company is down 2.0% from its price of JP¥740 on 09 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 Commercial Services industry, which is up 1.0% over the same period. Announcement • Oct 08
WILLTEC Co.,Ltd. (TSE:7087) agreed to acquire IT Engineer Dispatch Business of Partner Co., Ltd. WILLTEC Co.,Ltd. (TSE:7087) agreed to acquire IT Engineer Dispatch Business of Partner Co., Ltd. on October 7, 2020. IT Engineer Dispatch Business reported sales of ¥2.9 billon for the year ending, March 2020. Date of conclusion of share transfer agreement is October 8, 2020 and date of execution of share transfer is December 1, 2020. Announcement • Sep 04
WILLTEC Co.,Ltd. to Report Q2, 2021 Results on Nov 10, 2020 WILLTEC Co.,Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020 Announcement • Jun 18
WILLTEC Co.,Ltd. (TSE:7087) agreed to acquire Thousandplan, Inc. from Yusuke Inoue for ¥550 million. WILLTEC Co.,Ltd. (TSE:7087) agreed to acquire Thousandplan, Inc. from Yusuke Inoue for ¥550 million on June 17, 2020. Under the terms of the transaction, WILLTEC will acquire 40 share, representing 100% stake and after closing of the transaction, Thousandplan, Inc. will operate as wholly owned subsidiary of WILLTEC Co.,Ltd. Thousandplan reported net worth of approximately ¥260 million, total assets of approximately ¥320 million, sales of approximately ¥530 million, operating income of ¥97.1 million and net income of ¥67.4 million for the year ending December 2020. The board of directors of WILLTEC in its meeting held on June 17, 2020 decided to acquire all shares of Thousandplan. The agreement is expected to be signed on June 23, 2020. The impact of the transaction on the business performance of WILLTEC would be minor. The transaction advisory fee is ¥42 million. 
