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Watahan & Co 3199.T · JPY

Consumer Staples · Tokyo Stock Exchange · 🇯🇵 Japan

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1,200

+1.87%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥135.45bn

FY2017FY2026

Net income

¥2.13bn

FY2017FY2026

Free cash flow

−¥473.0m

FY2017FY2026

Shareholders' equity

¥24.36bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥135.45bn¥133.59bn¥128.07bn¥134.30bn¥114.50bn¥114.79bn¥120.19bn¥106.46bn¥102.36bn¥92.78bn
Gross profit¥28.01bn¥28.03bn¥27.39bn¥27.59bn¥25.04bn¥24.44bn¥22.57bn¥20.93bn¥21.57bn¥18.85bn
Research and development—¥68.0m¥34.0m¥47.0m¥5.5m¥108.9m¥86.2m¥93.2m¥112.0m¥32.7m
Operating income¥3.60bn¥3.40bn¥2.80bn¥2.42bn¥2.45bn¥3.22bn¥2.64bn¥2.37bn¥2.35bn¥1.97bn
Net income¥2.13bn¥2.08bn¥1.85bn¥1.65bn¥2.20bn¥1.92bn¥1.52bn¥1.61bn¥1.48bn¥1.34bn
Diluted earnings per share114.03107.1392.8982.94110.7996.6676.6881.6075.2368.17

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥82.99bn¥79.43bn¥79.27bn¥84.20bn¥69.55bn¥58.91bn¥62.29bn¥59.36bn¥56.18bn¥52.05bn
Cash and short-term investments¥5.37bn¥3.96bn¥3.83bn¥3.09bn¥4.54bn¥5.19bn¥2.59bn¥3.14bn¥5.14bn¥3.32bn
Total liabilities¥58.40bn¥56.19bn¥56.48bn¥62.95bn¥50.21bn¥41.37bn¥46.45bn¥44.69bn¥42.75bn¥39.90bn
Debt¥29.55bn¥26.68bn¥20.04bn¥29.86bn¥22.40bn¥15.28bn¥16.66bn¥14.28bn¥13.72bn¥17.49bn
Shareholders' equity¥24.36bn¥23.24bn¥22.79bn¥21.25bn¥19.35bn¥17.53bn¥15.84bn¥14.68bn¥13.44bn¥12.16bn
Shares outstanding19m19m20m20m20m20m20m20m20m20m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥897.0m−¥2.88bn¥12.47bn−¥3.65bn−¥1.63bn¥6.97bn−¥425.0m¥555.2m¥6.38bn¥6.30bn
Capital spending−¥1.37bn−¥1.86bn−¥1.62bn−¥3.60bn−¥3.13bn−¥1.12bn−¥1.32bn−¥1.81bn−¥1.08bn−¥642.5m
Free cash flow−¥473.0m−¥4.74bn¥10.85bn−¥7.25bn−¥4.76bn¥5.85bn−¥1.74bn−¥1.26bn¥5.31bn¥5.66bn
Dividends paid−¥561.0m−¥458.0m−¥437.0m−¥417.0m−¥396.2m−¥335.8m−¥325.0m−¥315.3m−¥256.7m−¥246.3m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥32.52bn¥32.78bn¥37.20bn¥33.05bn¥32.42bn¥32.63bn¥35.70bn¥33.44bn
Gross profit¥6.71bn¥6.79bn¥7.62bn¥6.91bn¥6.68bn¥6.81bn¥7.21bn¥6.58bn
Operating income¥632.0m¥708.0m¥1.44bn¥767.0m¥684.0m¥508.0m¥1.24bn¥928.0m
Net income¥472.0m¥147.0m¥925.0m¥490.0m¥645.0m−¥69.0m¥906.0m¥624.0m
Diluted earnings per share25.267.8747.7125.2733.27-3.5645.3931.26
Total assets¥82.25bn¥82.99bn¥85.29bn¥79.52bn¥78.26bn¥79.43bn¥87.23bn¥83.34bn
Cash and short-term investments¥4.23bn¥5.37bn¥5.21bn¥4.06bn¥4.88bn¥3.96bn¥6.35bn¥4.15bn
Debt¥14.84bn¥29.42bn¥9.56bn¥26.77bn¥11.53bn¥26.51bn¥12.81bn¥29.25bn
Shareholders' equity¥24.36bn¥24.36bn¥25.09bn¥24.09bn¥23.37bn¥23.24bn¥24.49bn¥23.39bn

Financial ratios

Data as of 22 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin20.7%21.0%21.4%20.5%21.9%21.3%—
Operating margin2.7%2.7%2.5%1.8%2.1%2.8%—
Net margin1.6%1.6%1.4%1.2%1.9%1.7%—
Return on equity8.7%8.9%8.1%7.8%11.4%10.9%—
Return on assets2.6%2.6%2.3%2.0%3.2%3.3%—
Free cash flow yield9.2%-4.0%53.7%-0.2%5.7%31.0%—
Revenue growth1.4%4.3%-4.6%17.3%-0.3%-4.5%—
Earnings growth2.6%12.0%12.2%-25.0%14.8%26.3%—
Current ratio1.27x1.26x1.18x1.11x1.21x1.21x—
Debt to equity1.21x1.14x0.88x1.40x1.15x0.87x—
Equity ratio29.4%29.3%28.7%25.2%27.8%29.8%—
Interest coverage19.46x35.01x43.93x37.22x45.05x57.13x—
R&D as a share of sales—0.1%0.0%0.0%0.0%0.1%0.1%
Buybacks as a share of market value3.6%2.9%-0.1%-0.2%-0.2%-0.2%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue0.3%3.4%4.3%
Operating income14.2%2.3%8.7%
Net income8.8%2.1%5.4%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin20.8%20.9%21.1%20.5%
Operating margin2.6%2.3%2.4%2.3%
Net margin1.6%1.5%1.6%1.5%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings10.313.817.317.112.013.117.711.614.825.9
Price to sales0.20.20.30.20.20.20.20.20.20.4

Dividends and splits

Per share, in the currency the company pays

Paid for 11 years. Last went ex-dividend on 30 Mar 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year54.0023.0022.0021.0020.0017.0016.5013.50
  • 2-for-1 split · 29 Sept 2020

Sources and methodology

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

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