Watts Co., Ltd.
TSE:2735.T
705 (JPY) • At close July 1, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) JPY.
| 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 | 2016 Q4 | 2016 Q3 | 2016 Q2 | 2016 Q1 | 2015 Q4 | 2015 Q3 | 2015 Q2 | 2015 Q1 | 2014 Q4 | 2014 Q3 | 2014 Q2 | 2014 Q1 | 2013 Q4 | 2013 Q3 | 2013 Q2 | 2013 Q1 | 2012 Q4 | 2012 Q3 | 2012 Q2 | 2012 Q1 | 2011 Q4 | 2011 Q3 | 2011 Q2 | 2011 Q1 | 2010 Q4 | 2010 Q3 | 2010 Q2 | 2010 Q1 | 2009 Q4 | 2009 Q3 | 2009 Q2 | 2009 Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue
| 15,469.719 | 14,995 | 15,652.856 | 15,348.495 | 15,442.146 | 14,813.786 | 14,877.633 | 14,880.547 | 14,851.002 | 14,699.966 | 14,871.205 | 14,969.668 | 14,780.343 | 13,726.285 | 12,354.492 | 12,729.596 | 12,925.403 | 12,693.078 | 13,185.304 | 13,628.184 | 13,278.805 | 12,703.401 | 12,775.804 | 12,974.844 | 12,916.701 | 12,731.724 | 12,642.445 | 12,915.549 | 12,042.355 | 11,844.55 | 11,867.798 | 12,141.492 | 11,875.115 | 11,609.803 | 11,658.378 | 11,622.191 | 11,565.813 | 11,329.675 | 11,158.305 | 11,293.342 | 11,080.002 | 10,931.278 | 10,868.274 | 11,160.38 | 10,820.823 | 10,724.248 | 10,805.73 | 10,419.306 | 10,309.638 | 10,190.617 | 10,141.449 | 10,349.315 | 10,268.78 | 9,999.631 | 9,829.784 | 9,949.906 | 9,594.261 | 8,814.063 | 8,725.566 | 8,835.797 | 8,683.93 | 8,389.489 | 8,367.183 | 8,530.255 | 8,217.951 | 7,959.347 |
| Cost of Revenue
| 9,489.14 | 9,180 | 9,603.619 | 9,436.407 | 9,474.725 | 9,151.563 | 9,163.143 | 9,310.112 | 9,206.783 | 9,174.402 | 9,227.148 | 9,246.425 | 9,169.375 | 8,423.062 | 7,503.218 | 7,837.046 | 7,956.987 | 7,779.596 | 8,042.026 | 8,456.37 | 8,172.945 | 7,908.807 | 7,915.991 | 8,092.688 | 8,083.165 | 7,969.978 | 7,914.601 | 8,071.04 | 7,372.641 | 7,307.251 | 7,299.058 | 7,584.277 | 7,394.868 | 7,221.228 | 7,257.633 | 7,270.99 | 7,182.553 | 7,133.16 | 6,963.508 | 7,120.493 | 6,867.801 | 6,782.807 | 6,679.878 | 6,950.722 | 6,692.75 | 6,665.93 | 6,705.931 | 6,448.586 | 6,295.406 | 6,294.031 | 6,222.652 | 6,429.311 | 6,310.205 | 6,205.429 | 6,040.642 | 6,186.71 | 5,919.528 | 5,521.659 | 5,441.645 | 5,559.4 | 5,425.731 | 5,288.274 | 5,284.824 | 5,409.513 | 5,199.467 | 5,043.621 |
| Gross Profit
| 5,980.579 | 5,815 | 6,049.237 | 5,912.088 | 5,967.421 | 5,662.223 | 5,714.49 | 5,570.435 | 5,644.219 | 5,525.564 | 5,644.057 | 5,723.243 | 5,610.968 | 5,303.223 | 4,851.274 | 4,892.55 | 4,968.416 | 4,913.482 | 5,143.278 | 5,171.814 | 5,105.86 | 4,794.594 | 4,859.813 | 4,882.156 | 4,833.536 | 4,761.746 | 4,727.844 | 4,844.509 | 4,669.714 | 4,537.299 | 4,568.74 | 4,557.215 | 4,480.247 | 4,388.575 | 4,400.745 | 4,351.201 | 4,383.26 | 4,196.515 | 4,194.797 | 4,172.849 | 4,212.201 | 4,148.471 | 4,188.396 | 4,209.658 | 4,128.073 | 4,058.318 | 4,099.799 | 3,970.72 | 4,014.232 | 3,896.586 | 3,918.797 | 3,920.004 | 3,958.575 | 3,794.202 | 3,789.142 | 3,763.196 | 3,674.733 | 3,292.404 | 3,283.921 | 3,276.397 | 3,258.199 | 3,101.215 | 3,082.359 | 3,120.742 | 3,018.484 | 2,915.726 |
| Gross Profit Ratio
| 0.387 | 0.388 | 0.386 | 0.385 | 0.386 | 0.382 | 0.384 | 0.374 | 0.38 | 0.376 | 0.38 | 0.382 | 0.38 | 0.386 | 0.393 | 0.384 | 0.384 | 0.387 | 0.39 | 0.379 | 0.385 | 0.377 | 0.38 | 0.376 | 0.374 | 0.374 | 0.374 | 0.375 | 0.388 | 0.383 | 0.385 | 0.375 | 0.377 | 0.378 | 0.377 | 0.374 | 0.379 | 0.37 | 0.376 | 0.369 | 0.38 | 0.38 | 0.385 | 0.377 | 0.381 | 0.378 | 0.379 | 0.381 | 0.389 | 0.382 | 0.386 | 0.379 | 0.385 | 0.379 | 0.385 | 0.378 | 0.383 | 0.374 | 0.376 | 0.371 | 0.375 | 0.37 | 0.368 | 0.366 | 0.367 | 0.366 |
| Reseach & Development Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & Administrative Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling & Marketing Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A
| 5,427.711 | 5,548 | 5,856.791 | 5,601.299 | 5,414.5 | 5,471.612 | 5,463.144 | 5,471.97 | 5,435.148 | 5,462.653 | 5,550.762 | 5,455.177 | 5,250.494 | 5,026.545 | 4,637.884 | 4,521.774 | 4,374 | 4,422 | 4,614 | 4,718 | 4,527 | 4,587 | 4,698 | 4,694 | 4,604 | 4,624 | 4,640 | 4,550 | 4,324 | 4,289 | 4,372 | 4,189 | 4,078 | 4,146 | 4,062 | 4,048 | 3,947 | 4,046 | 4,066 | 3,843 | 3,794 | 3,764 | 3,780 | 3,743 | 3,648 | 3,626 | 3,728 | 3,477 | 3,342 | 3,350 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Expenses
| 0 | 0 | 0 | -14.392 | -8.338 | 6.893 | -7.269 | 5,471.97 | 5,435.148 | 5,462.653 | 5,550.762 | 5,455.177 | -5.65 | 19.417 | 1.192 | -13.329 | 4.451 | 0.722 | 22.922 | 9.641 | -13.89 | 8.09 | -6.234 | -1.715 | -28.074 | 3.715 | 6.656 | 12.674 | -3.978 | 6.247 | 6.074 | -1.691 | 3.294 | 9.799 | 27.542 | -5.354 | 3.606 | 3.303 | -10.146 | -6.052 | -12.36 | 5.843 | -7.591 | -1.241 | 0.189 | 3.606 | 7.614 | 2.897 | -2.091 | 4.809 | -0.077 | -3.717 | 6.113 | 3.932 | -1.772 | 2.212 | 2.218 | 200.666 | 59.359 | 60.75 | 65.616 | 56.813 | -183.176 | 6.215 | 3.61 | 6.117 |
| Operating Expenses
| 5,427.711 | 5,548 | 5,856.791 | 5,601.299 | 5,414.5 | 5,471.612 | 5,463.144 | 5,471.97 | 5,435.148 | 5,462.653 | 5,550.762 | 5,455.177 | 5,250.494 | 5,026.545 | 4,637.884 | 4,521.774 | 4,374.387 | 4,422.126 | 4,614.466 | 4,718.167 | 4,526.554 | 4,587.655 | 4,697.41 | 4,694.217 | 4,604.554 | 4,624.126 | 4,640.159 | 4,549.303 | 4,324.275 | 4,289.704 | 4,371.932 | 4,188.571 | 4,071.866 | 4,153.061 | 4,085.003 | 4,047.464 | 3,946.756 | 4,046.971 | 4,069.143 | 3,840.066 | 3,796.127 | 3,764.986 | 3,780.51 | 3,738.954 | 3,653.812 | 3,626.319 | 3,737.009 | 3,474.294 | 3,344.547 | 3,350.491 | 3,447.36 | 3,393.869 | 3,385.481 | 3,308.84 | 3,335.484 | 3,174.747 | 3,147.079 | 3,044.659 | 2,997.845 | 2,944.739 | 2,842.575 | 2,809.038 | 2,834.803 | 2,766.441 | 2,708.08 | 2,711.417 |
| Operating Income
| 552.868 | 267 | 192.446 | 310.789 | 552.921 | 190.61 | 251.347 | 98.465 | 209.071 | 62.91 | 206.986 | 268.065 | 360.475 | 276.676 | 213.388 | 370.777 | 594.029 | 491.355 | 528.812 | 453.648 | 579.305 | 206.938 | 162.403 | 187.939 | 228.982 | 137.619 | 87.685 | 295.206 | 345.439 | 247.594 | 196.809 | 368.642 | 408.381 | 235.514 | 315.742 | 303.737 | 436.504 | 149.543 | 125.653 | 332.784 | 416.074 | 383.484 | 407.886 | 470.705 | 474.26 | 431.998 | 362.789 | 496.426 | 669.685 | 546.095 | 471.437 | 526.135 | 573.094 | 485.361 | 453.658 | 588.448 | 527.653 | 247.743 | 286.076 | 331.658 | 415.623 | 292.176 | 247.556 | 354.299 | 310.403 | 204.308 |
| Operating Income Ratio
| 0.036 | 0.018 | 0.012 | 0.02 | 0.036 | 0.013 | 0.017 | 0.007 | 0.014 | 0.004 | 0.014 | 0.018 | 0.024 | 0.02 | 0.017 | 0.029 | 0.046 | 0.039 | 0.04 | 0.033 | 0.044 | 0.016 | 0.013 | 0.014 | 0.018 | 0.011 | 0.007 | 0.023 | 0.029 | 0.021 | 0.017 | 0.03 | 0.034 | 0.02 | 0.027 | 0.026 | 0.038 | 0.013 | 0.011 | 0.029 | 0.038 | 0.035 | 0.038 | 0.042 | 0.044 | 0.04 | 0.034 | 0.048 | 0.065 | 0.054 | 0.046 | 0.051 | 0.056 | 0.049 | 0.046 | 0.059 | 0.055 | 0.028 | 0.033 | 0.038 | 0.048 | 0.035 | 0.03 | 0.042 | 0.038 | 0.026 |
| Total Other Income Expenses Net
| -14.803 | 31 | -69.394 | 110.291 | -62.809 | -14.608 | -188.703 | -7.397 | -74.862 | -14.174 | -46.682 | 22.721 | -14.943 | 15.667 | -200.228 | -20.412 | -77.204 | 215.065 | -238.925 | -234.576 | -207.525 | 8.625 | -134.618 | -32.696 | -184.163 | 12.893 | -39.051 | -14.6 | -20.383 | 18.352 | 10.073 | -7.847 | 20.582 | -14.712 | 13.842 | -26.444 | -51.363 | 19.559 | -27.383 | -25.098 | -44.478 | 13.406 | -44.092 | 8.494 | -19.511 | 15.485 | -31.711 | -0.406 | -9.044 | 21.632 | -2.25 | 5.619 | 3.057 | -2.468 | -10.292 | -13.827 | -5.818 | 148.877 | 56.066 | 31.4 | 33.334 | 42.162 | -117.052 | -4.545 | -39.587 | -7.219 |
| Income Before Tax
| 538.065 | 298 | 123.052 | 421.08 | 490.112 | 176.002 | 62.644 | 91.068 | 134.209 | 48.736 | 46.614 | 290.786 | 345.532 | 292.343 | 13.16 | 350.365 | 516.825 | 706.42 | 289.887 | 219.072 | 371.78 | 215.563 | 27.785 | 155.243 | 44.819 | 150.512 | 48.634 | 280.606 | 325.056 | 265.946 | 206.881 | 360.795 | 428.963 | 220.802 | 329.584 | 277.293 | 385.141 | 169.102 | 98.27 | 307.686 | 371.596 | 396.89 | 363.794 | 479.199 | 454.749 | 447.483 | 331.078 | 496.02 | 660.641 | 567.727 | 469.187 | 531.754 | 576.151 | 482.893 | 443.366 | 574.621 | 521.835 | 396.62 | 342.142 | 363.058 | 448.957 | 334.338 | 130.504 | 349.754 | 270.816 | 197.089 |
| Income Before Tax Ratio
| 0.035 | 0.02 | 0.008 | 0.027 | 0.032 | 0.012 | 0.004 | 0.006 | 0.009 | 0.003 | 0.003 | 0.019 | 0.023 | 0.021 | 0.001 | 0.028 | 0.04 | 0.056 | 0.022 | 0.016 | 0.028 | 0.017 | 0.002 | 0.012 | 0.003 | 0.012 | 0.004 | 0.022 | 0.027 | 0.022 | 0.017 | 0.03 | 0.036 | 0.019 | 0.028 | 0.024 | 0.033 | 0.015 | 0.009 | 0.027 | 0.034 | 0.036 | 0.033 | 0.043 | 0.042 | 0.042 | 0.031 | 0.048 | 0.064 | 0.056 | 0.046 | 0.051 | 0.056 | 0.048 | 0.045 | 0.058 | 0.054 | 0.045 | 0.039 | 0.041 | 0.052 | 0.04 | 0.016 | 0.041 | 0.033 | 0.025 |
| Income Tax Expense
| 192.855 | 107 | -20.593 | 96.728 | 144.493 | 85.469 | 118.257 | 77.18 | 57.418 | -166.777 | -216.182 | 133.749 | 159.245 | 117.278 | 51.678 | 146.15 | 244.188 | 178.924 | -1.084 | 156.246 | 42.497 | 124.265 | 127.946 | 87.944 | 100.797 | 90.078 | 74.618 | 46.123 | 135.836 | 113.45 | 124.907 | 145.665 | 172.007 | 36.233 | 136.627 | 107.835 | 149.259 | 57.864 | 51.009 | 147.196 | 186.05 | 89.318 | 176.409 | 199.469 | 235.154 | 186.19 | 211.762 | 216.254 | 272.375 | 231.414 | 171.973 | 253.743 | 287.15 | 169.878 | 201.719 | 269.792 | 251.524 | 194.993 | 172.365 | 203.679 | 221.568 | 164.01 | 86.586 | 166.042 | 162.172 | -31.508 |
| Net Income
| 345.21 | 191 | 143.644 | 324.352 | 345.62 | 90.532 | -55.614 | 13.888 | 76.791 | 215.513 | 262.796 | 157.037 | 186.288 | 175.064 | -38.517 | 204.215 | 272.637 | 527.495 | 290.972 | 62.826 | 329.282 | 91.298 | -100.162 | 67.299 | 16.208 | 87.229 | -1.137 | 255.75 | 207.511 | 171.834 | 110.204 | 239.752 | 271.318 | 218.131 | 198.812 | 172.603 | 235.883 | 111.237 | 47.261 | 160.489 | 185.546 | 307.572 | 187.386 | 279.729 | 219.596 | 261.292 | 119.317 | 279.765 | 388.267 | 336.312 | 297.214 | 278.011 | 289.001 | 313.015 | 241.647 | 304.828 | 270.31 | 201.627 | 169.778 | 159.378 | 227.389 | 170.328 | 43.918 | 183.711 | 108.643 | 228.597 |
| Net Income Ratio
| 0.022 | 0.013 | 0.009 | 0.021 | 0.022 | 0.006 | -0.004 | 0.001 | 0.005 | 0.015 | 0.018 | 0.01 | 0.013 | 0.013 | -0.003 | 0.016 | 0.021 | 0.042 | 0.022 | 0.005 | 0.025 | 0.007 | -0.008 | 0.005 | 0.001 | 0.007 | -0 | 0.02 | 0.017 | 0.015 | 0.009 | 0.02 | 0.023 | 0.019 | 0.017 | 0.015 | 0.02 | 0.01 | 0.004 | 0.014 | 0.017 | 0.028 | 0.017 | 0.025 | 0.02 | 0.024 | 0.011 | 0.027 | 0.038 | 0.033 | 0.029 | 0.027 | 0.028 | 0.031 | 0.025 | 0.031 | 0.028 | 0.023 | 0.019 | 0.018 | 0.026 | 0.02 | 0.005 | 0.022 | 0.013 | 0.029 |
| EPS
| 26.18 | 14.51 | 10.88 | 24.64 | 26.23 | 6.79 | -4.11 | 1.02 | 5.65 | 15.88 | 19.48 | 11.64 | 13.82 | 11.83 | -2.87 | 15.24 | 20.35 | 39.37 | 21.72 | 4.69 | 24.58 | 6.81 | -7.48 | 5.02 | 1.23 | 6.47 | -0.084 | 18.88 | 15.32 | 12.68 | 8.14 | 17.69 | 20.03 | 16.1 | 14.68 | 12.74 | 17.41 | 8.21 | 3.49 | 11.84 | 13.7 | 22.7 | 13.83 | 20.65 | 16.21 | 19.29 | 9.25 | 22.11 | 30.69 | 26.58 | 23.5 | 22.01 | 22.9 | 24.91 | 19.34 | 24.54 | 21.69 | 16.26 | 13.7 | 12.86 | 18.34 | 13.74 | 3.54 | 14.82 | 8.14 | 17.13 |
| EPS Diluted
| 26.18 | 14.51 | 10.88 | 24.64 | 26.23 | 6.79 | -4.11 | 1.02 | 5.65 | 15.88 | 19.47 | 11.64 | 13.82 | 11.83 | -2.87 | 15.24 | 20.35 | 39.37 | 21.72 | 4.69 | 24.58 | 6.81 | -7.48 | 5 | 1.2 | 6.47 | -0.084 | 18.88 | 15.32 | 12.68 | 8.13 | 17.69 | 20.03 | 16.1 | 14.67 | 12.74 | 17.41 | 8.21 | 3.49 | 11.84 | 13.7 | 22.7 | 13.83 | 20.65 | 16.21 | 19.29 | 8.81 | 22.11 | 30.69 | 26.58 | 23.5 | 22.01 | 22.9 | 24.8 | 19.18 | 24.31 | 21.4 | 15.96 | 13.4 | 12.58 | 17.97 | 13.74 | 3.54 | 14.82 | 8.14 | 17.13 |
| EBITDA
| 771.578 | 451.5 | 326.788 | 428.013 | 492.481 | 350.447 | 261.348 | 283.613 | 322.455 | 229.294 | 238.222 | 474.599 | 522.305 | 443.099 | 138.383 | 450.806 | 595.473 | 788.476 | 524.061 | 563.25 | 481.255 | 317.297 | 147.514 | 270.12 | 156.298 | 252.629 | 114.723 | 323.838 | 337.872 | 267.323 | 211.896 | 367.648 | 439.199 | 259.287 | 330.779 | 284.098 | 386.433 | 170.389 | 132.642 | 332.792 | 401.339 | 398.394 | 414.403 | 481.077 | 465.464 | 449.58 | 363.744 | 498.974 | 669.549 | 571.527 | 477.841 | 524.49 | 581.069 | 491.365 | 560.405 | 691.201 | 651.459 | 493.505 | 447.19 | 467.232 | 547.878 | 427.431 | 232.846 | 449.574 | 403.646 | 293.879 |
| EBITDA Ratio
| 0.05 | 0.03 | 0.021 | 0.028 | 0.032 | 0.024 | 0.018 | 0.019 | 0.022 | 0.016 | 0.016 | 0.032 | 0.035 | 0.032 | 0.011 | 0.035 | 0.046 | 0.062 | 0.04 | 0.041 | 0.036 | 0.025 | 0.012 | 0.021 | 0.012 | 0.02 | 0.009 | 0.025 | 0.028 | 0.023 | 0.018 | 0.03 | 0.037 | 0.022 | 0.028 | 0.024 | 0.033 | 0.015 | 0.012 | 0.029 | 0.036 | 0.036 | 0.038 | 0.043 | 0.043 | 0.042 | 0.034 | 0.048 | 0.065 | 0.056 | 0.047 | 0.051 | 0.057 | 0.049 | 0.057 | 0.069 | 0.068 | 0.056 | 0.051 | 0.053 | 0.063 | 0.051 | 0.028 | 0.053 | 0.049 | 0.037 |