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Watanabe Sato Co 1807.T · JPY

Industrials · Tokyo Stock Exchange · 🇯🇵 Japan

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1,803

+0.06%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥33.70bn

FY2017FY2026

Net income

¥883.5m

FY2017FY2026

Free cash flow

¥4.79bn

FY2017FY2026

Shareholders' equity

¥22.82bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥33.70bn¥40.42bn¥38.40bn¥34.66bn¥37.45bn¥39.92bn¥36.86bn¥38.84bn¥38.55bn¥37.31bn
Gross profit¥3.45bn¥3.46bn¥3.98bn¥2.71bn¥4.50bn¥4.66bn¥3.28bn¥3.57bn¥3.32bn¥4.25bn
Research and development—¥58.9m¥61.0m¥60.9m¥58.0m¥39.7m¥42.3m¥50.5m¥50.6m¥49.0m
Operating income¥1.07bn¥1.18bn¥1.66bn¥626.3m¥2.50bn¥2.69bn¥1.44bn¥1.75bn¥1.43bn¥2.32bn
Net income¥883.5m¥891.6m¥1.20bn¥446.7m¥1.73bn¥1.84bn¥1.04bn¥1.23bn¥993.9m¥1.68bn
Diluted earnings per share141.50142.79193.0372.40283.48335.68167.91193.37155.76263.78

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥32.67bn¥36.01bn¥35.62bn¥32.51bn¥32.77bn¥32.51bn¥31.60bn¥31.21bn¥31.48bn¥31.23bn
Cash and short-term investments¥6.39bn¥5.03bn¥7.62bn¥4.80bn¥6.00bn¥4.19bn¥3.85bn¥2.80bn¥2.92bn¥3.99bn
Total liabilities¥9.75bn¥14.59bn¥14.48bn¥13.15bn¥13.66bn¥14.56bn¥15.37bn¥15.73bn¥16.95bn¥17.54bn
Debt—¥2.97bn¥229.4m¥267.7m¥216.1m¥312.6m¥1.29bn¥2.02bn¥2.73bn¥3.17bn
Shareholders' equity¥22.82bn¥21.34bn¥21.06bn¥19.28bn¥19.03bn¥17.87bn¥16.17bn¥15.41bn¥14.48bn¥13.65bn
Shares outstanding6m6m6m6m6m5m6m6m6m6m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥5.10bn−¥3.96bn¥3.48bn¥187.7m¥3.28bn¥2.06bn¥2.43bn¥2.27bn¥111.2m¥1.22bn
Capital spending−¥306.2m−¥526.1m−¥376.5m−¥372.1m−¥648.5m−¥268.3m−¥509.1m−¥1.10bn−¥629.6m−¥894.0m
Free cash flow¥4.79bn−¥4.49bn¥3.11bn−¥184.4m¥2.64bn¥1.79bn¥1.92bn¥1.17bn−¥518.4m¥327.2m
Dividends paid−¥498.4m−¥714.1m−¥304.4m−¥364.3m−¥310.4m−¥191.6m−¥191.3m−¥159.3m−¥159.4m−¥111.9m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥5.80bn¥10.65bn¥7.89bn¥7.84bn¥7.32bn¥13.46bn¥10.83bn¥8.91bn
Gross profit¥259.8m¥1.46bn¥1.02bn¥679.2m¥374.3m¥1.55bn¥1.13bn¥608.2m
Operating income−¥337.2m¥759.7m¥450.3m¥101.4m−¥241.0m¥938.7m¥578.6m¥30.4m
Net income−¥191.7m¥507.6m¥354.1m¥104.0m−¥82.2m¥733.7m¥408.1m¥19.3m
Diluted earnings per share-30.7181.3056.7116.65-13.17117.5065.503.10
Total assets¥30.62bn¥32.67bn¥33.49bn¥31.22bn¥30.41bn¥36.01bn¥34.69bn¥31.96bn
Cash and short-term investments¥7.41bn¥6.39bn¥4.63bn¥4.55bn¥5.33bn¥5.03bn¥4.42bn¥4.44bn
Debt——¥1.40bn¥800.0m—¥2.84bn¥1.00bn¥16.4m
Shareholders' equity¥22.08bn¥22.82bn¥21.88bn¥21.46bn¥21.11bn¥21.34bn¥20.60bn¥20.37bn

Financial ratios

Data as of 3 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin10.2%8.6%10.4%7.8%12.0%11.7%—
Operating margin4.1%3.3%4.7%1.8%6.7%6.8%—
Net margin2.6%2.2%3.1%1.3%4.6%4.6%—
Return on equity3.9%4.2%5.7%2.3%9.1%10.3%—
Return on assets2.7%2.5%3.4%1.4%5.3%5.7%—
Free cash flow yield42.3%-32.9%29.0%1.6%27.9%19.4%—
Revenue growth-16.6%5.3%10.8%-7.5%-6.2%8.3%—
Earnings growth-0.9%-25.9%169.2%-74.2%-6.3%76.6%—
Current ratio2.55x1.96x1.98x1.99x1.93x1.77x—
Debt to equity—0.13x0.00x0.01x0.01x0.01x0.07x
Equity ratio69.8%59.3%59.1%59.3%58.1%55.0%—
Interest coverage75.12x81.06x170.80x91.06x228.06x94.90x—
R&D as a share of sales—0.1%0.2%0.2%0.2%0.1%0.1%
Buybacks as a share of market value0.0%-0.2%-1.0%-1.2%-11.0%11.7%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-0.9%-3.3%-1.8%
Operating income19.6%-16.9%-8.0%
Net income25.5%-13.7%-5.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin9.3%9.2%10.1%10.0%
Operating margin3.0%3.1%4.3%4.6%
Net margin2.4%2.3%3.1%3.2%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings13.513.28.520.83.94.86.75.95.95.2
Price to sales0.30.30.30.30.20.20.20.20.10.2

Dividends and splits

Per share, in the currency the company pays

Paid for 18 years. Last went ex-dividend on 30 Mar 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year120.00115.0050.0060.0030.0030.0030.0025.00
  • 2-for-1 split · 30 May 2024
  • 5-to-1 reverse split · 27 Sept 2017

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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