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W

Watts Co 2735.T · JPY

Consumer Discretionary · Tokyo Stock Exchange · 🇯🇵 Japan

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740

+3.06%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥64.50bn

FY2017FY2026

Net income

¥1.14bn

FY2017FY2026

Free cash flow

¥1.19bn

FY2017FY2026

Shareholders' equity

¥13.92bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥64.50bn¥61.58bn¥61.26bn¥59.31bn¥58.35bn¥50.70bn¥52.80bn¥51.40bn¥49.48bn¥47.49bn
Gross profit¥25.00bn¥23.91bn¥23.59bn¥22.45bn¥22.28bn¥19.63bn¥20.22bn¥19.34bn¥18.80bn¥17.99bn
Operating income¥1.65bn¥1.42bn¥1.25bn¥621.8m¥998.5m¥1.67bn¥1.77bn¥716.9m¥1.00bn¥1.21bn
Net income¥1.14bn¥870.7m¥904.1m¥250.6m¥781.2m¥965.8m¥774.4m¥70.6m¥634.0m¥839.4m
Diluted earnings per share85.9265.8068.7018.7957.5472.0957.805.2747.0261.96

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥26.02bn¥27.51bn¥30.28bn¥25.49bn¥25.60bn¥21.34bn¥21.54bn¥21.56bn¥19.95bn¥20.08bn
Cash and short-term investments¥4.74bn¥6.19bn¥9.38bn¥5.65bn¥6.69bn¥6.17bn¥6.59bn¥6.08bn¥5.15bn¥5.73bn
Total liabilities¥12.09bn¥14.48bn¥17.76bn¥13.52bn¥13.67bn¥10.12bn¥11.06bn¥11.69bn¥9.71bn¥10.21bn
Debt¥1.14bn¥3.34bn¥3.29bn¥2.89bn¥3.01bn¥1.13bn¥1.26bn¥1.02bn¥1.19bn¥1.52bn
Shareholders' equity¥13.92bn¥13.03bn¥12.52bn¥11.96bn¥11.93bn¥11.22bn¥10.48bn¥10.15bn¥10.42bn¥9.97bn
Shares outstanding13m13m13m13m14m13m13m13m13m14m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥1.81bn−¥1.77bn¥4.04bn¥221.1m¥1.72bn¥378.3m¥922.1m¥2.28bn¥687.6m¥1.16bn
Capital spending−¥622.2m−¥961.4m−¥555.8m−¥619.8m−¥664.5m−¥762.0m−¥541.8m−¥561.8m−¥657.1m−¥430.7m
Free cash flow¥1.19bn−¥2.73bn¥3.49bn−¥398.8m¥1.06bn−¥383.7m¥380.3m¥1.72bn¥30.5m¥726.8m
Dividends paid−¥264.8m−¥401.6m−¥202.7m−¥204.0m−¥296.0m−¥201.7m−¥134.4m−¥204.1m−¥203.5m−¥202.9m

Latest quarters

By quarter end

Aug 2026May 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024
Revenue¥16.49bn¥16.74bn¥15.92bn¥15.35bn¥15.57bn¥15.55bn¥15.47bn¥15.00bn
Gross profit¥6.40bn¥6.48bn¥6.17bn¥5.95bn¥6.18bn¥5.93bn¥5.98bn¥5.82bn
Operating income¥277.1m¥510.7m¥586.0m¥271.7m¥396.7m¥202.5m¥552.9m¥267.4m
Net income¥331.6m¥313.1m¥300.8m¥194.8m¥277.9m¥55.8m¥345.2m¥191.8m
Diluted earnings per share24.9923.5922.6614.7221.004.2226.0914.57
Total assets¥26.02bn¥26.67bn¥26.17bn¥27.11bn¥27.51bn¥30.37bn¥26.58bn¥30.61bn
Cash and short-term investments¥4.74bn¥4.49bn¥4.84bn¥5.00bn¥6.19bn¥8.92bn¥6.36bn¥9.12bn
Debt¥1.14bn¥2.00bn¥2.15bn¥2.36bn¥3.34bn¥1.43bn¥3.28bn¥1.24bn
Shareholders' equity¥13.92bn¥13.63bn¥13.42bn¥13.07bn¥13.03bn¥12.73bn¥12.83bn¥12.43bn

Financial ratios

Data as of 8 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin38.8%38.5%37.9%38.2%38.7%38.3%
Operating margin2.3%2.0%0.6%1.7%3.1%3.4%
Net margin1.4%1.5%0.4%1.3%1.9%1.5%
Return on equity6.7%7.2%2.1%6.5%8.6%7.4%
Return on assets3.2%3.0%1.0%3.1%4.5%3.6%
Free cash flow yield-8.5%48.6%8.8%24.4%11.8%15.2%
Revenue growth0.5%3.3%1.6%15.1%-4.0%2.7%
Earnings growth-3.7%260.8%-67.9%-19.1%24.7%997.2%
Current ratio1.92x1.70x1.90x1.87x1.86x1.70x
Debt to equity0.26x0.26x0.24x0.25x0.10x0.12x
Equity ratio47.4%41.3%46.9%46.6%52.6%48.7%
Interest coverage59.36x79.44x28.69x92.18x323.12x263.08x
Buybacks as a share of market value-0.5%1.3%1.8%-1.3%0.0%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue2.8%4.9%3.4%
Operating income38.3%-0.3%3.0%
Net income65.7%3.4%4.7%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin38.8%38.5%38.5%38.2%
Operating margin2.4%2.0%2.1%2.2%
Net margin1.6%1.3%1.4%1.3%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings8.79.89.633.312.510.014.4115.213.720.3
Price to sales0.10.10.10.10.20.20.20.20.20.4

Dividends and splits

Per share, in the currency the company pays

Paid for 26 years. Last went ex-dividend on 26 Feb 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year7.5015.5015.0015.0022.0015.0010.0015.00
  • 2-for-1 split · 26 Feb 2013
  • 200-for-1 split · 28 Dec 2009
  • 2-for-1 split · 28 Aug 2006
  • 1.5-for-1 split · 24 Feb 2004
  • 2-for-1 split · 25 Dec 2002

Sources and methodology

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

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