2735
WATTS CO., LTD.
株式会社ワッツ
Retail Trade
Watts Co., Ltd. engages in the wholesale and retail business of daily necessities and miscellaneous goods in Japan and internationally. The company's product categories include cosmetics; hygiene, medical, and nursing care products; baby products; clothing; clothing accessories; bath and toiletries; toilet supplies; laundry supplies; kitchen supplies; home and living supplies; cleaning supplies; interior products; storage items; stationery and office supplies; hobbies and entertainment; toys and games; camping and outdoor equipment; electrical appliances and digital products; events and seasons; and handmade and craft supplies. The company also operates its stores under the Watts, 100 YEN SHOP FLET's, Buona Vita, Tokino:ne, Real, Komonokaen, Komonoya, Value 100, and Nippan brands. In addition, it offers its products through online. The company was incorporated in 1995 and is headquartered in Osaka, Japan.
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← Companies
⚠ TSE Capital Mandate
P / Book
0.62×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥61.6B
¥61.3B
¥59.3B
¥58.3B
¥50.7B
Cost of Sales
¥37.7B
¥37.7B
¥36.9B
¥36.1B
¥31.1B
Gross Profit
¥23.9B
¥23.6B
¥22.5B
¥22.3B
¥19.6B
SG&A
¥22.5B
¥22.3B
¥21.8B
¥21.3B
¥18.0B
Operating Income
¥1.4B
¥1.2B
¥622M
¥999M
¥1.7B
Non-Operating Income
¥39M
¥51M
¥85M
¥181M
¥38M
Dividend Income
¥0M
¥0M
¥0M
¥1M
¥1M
Interest Income
¥13M
¥8M
¥4M
¥2M
¥2M
Non-Operating Expenses
¥29M
¥69M
¥58M
¥32M
¥121M
Interest Expense
¥23M
¥15M
¥12M
¥11M
¥5M
Ordinary Income
¥1.4B
¥1.2B
¥649M
¥1.1B
¥1.6B
Pre-tax Income
¥1.4B
¥1.2B
¥337M
¥975M
¥1.6B
Income Taxes
¥499M
¥306M
¥86M
¥194M
¥621M
Current Tax
¥518M
¥350M
¥116M
¥325M
¥609M
Deferred Tax
¥-19M
¥-44M
¥-29M
¥-131M
¥12M
Net Income (owners)
¥871M
¥904M
¥251M
¥781M
¥966M
Comprehensive Income
¥866M
¥928M
¥294M
¥867M
¥942M
EBITDA
¥2.4B
¥2.0B
¥1.4B
¥1.7B
¥2.1B
Goodwill Amort. (J-GAAP)
¥132M
¥132M
¥132M
¥121M
¥6M
EPS
¥66.00
¥68.45
¥18.46
¥57.83
¥72.09
Shares Outstanding
13.2M
13.2M
13.5M
13.6M
13.5M
Shares Issued (total)
13.5M
13.5M
13.9M
13.9M
14.0M
Treasury Shares
0.2M
0.3M
0.4M
0.3M
0.5M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥27.5B
¥30.3B
¥25.5B
¥25.6B
¥21.3B
Current Assets
¥21.2B
¥24.1B
¥18.9B
¥18.6B
¥16.0B
Cash & Deposits
¥6.2B
¥9.4B
¥5.6B
¥6.7B
¥6.2B
Trade Receivables
¥3.5B
¥3.5B
¥2.8B
¥2.7B
—
Non-Current Assets
¥6.3B
¥6.2B
¥6.6B
¥7.0B
¥5.3B
PP&E
¥2.3B
¥2.1B
¥2.0B
¥2.2B
¥1.6B
Goodwill
¥143M
¥275M
¥407M
¥539M
—
Intangible Assets
¥403M
¥619M
¥850M
¥1.1B
¥612M
Investment Securities
¥360M
¥350M
¥346M
¥350M
¥327M
Deferred Tax Assets
¥611M
¥591M
¥546M
¥524M
¥393M
Total Liabilities
¥14.5B
¥17.8B
¥13.5B
¥13.7B
¥10.1B
Current Liabilities
¥11.0B
¥14.1B
¥10.0B
¥9.9B
¥8.6B
Accounts Payable
¥3.9B
¥5.6B
¥4.0B
¥3.9B
¥3.1B
ST Debt
¥1.4B
¥1.1B
¥780M
¥694M
¥728M
Taxes Payable
¥351M
¥311M
¥117M
¥125M
¥397M
Non-Current Liabilities
¥3.5B
¥3.6B
¥3.6B
¥3.7B
¥1.5B
Total LT Borrowings
¥2.0B
¥2.2B
¥2.1B
¥2.3B
¥396M
Pension Obligations
¥567M
¥514M
¥456M
¥413M
¥324M
Total Equity
¥13.0B
¥12.5B
¥12.0B
¥11.9B
¥11.2B
Capital Stock
¥440M
¥440M
¥440M
¥440M
¥440M
Capital Surplus
¥1.1B
¥1.1B
¥1.4B
¥1.3B
¥1.4B
Retained Earnings
¥11.4B
¥11.0B
¥10.3B
¥10.2B
¥9.7B
Treasury Stock
¥-116M
¥-153M
¥-201M
¥-133M
¥-273M
AOCI
¥120M
¥125M
¥101M
¥57M
¥-29M
Equity (owners)
¥12.9B
¥12.4B
¥11.9B
¥11.9B
¥11.3B
Total Interest-Bearing Debt ⓘ
¥3.3B
¥3.3B
¥2.9B
¥3.0B
¥1.1B
Net Cash ⓘ
¥2.9B
¥6.1B
¥2.8B
¥3.7B
¥5.0B
NCAV ⓘ
¥6.7B
¥6.3B
¥5.4B
¥4.9B
¥5.9B
NCAV/Share
¥507
¥478
¥401
¥360
¥441
BV/Share
¥974
¥940
¥880
¥874
¥836
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥-1.8B
¥4.0B
¥221M
¥1.7B
¥378M
Interest Paid
¥-24M
¥-16M
¥-12M
¥-11M
¥-12M
Interest Received
¥13M
¥8M
¥5M
¥3M
¥4M
D&A
¥816M
¥608M
¥616M
¥571M
¥376M
Goodwill Amort.
¥132M
¥132M
¥132M
¥121M
¥6M
Investing CF
¥-1.1B
¥-538M
¥-668M
¥-976M
¥-779M
CapEx
¥961M
¥556M
¥548M
¥542M
¥320M
Proceeds from Invest.
—
¥30M
¥11M
¥6M
¥16M
Financing CF
¥-351M
¥233M
¥-633M
¥-329M
¥-52M
Dividends Paid
¥-402M
¥-203M
¥-204M
¥-296M
¥-202M
Share Buybacks
—
¥0M
¥-67M
—
—
LT Debt Repaid
¥-1.3B
¥-1.0B
¥-822M
¥-2.8B
¥-512M
Free Cash Flow
¥-2.7B
¥3.5B
¥-327M
¥1.2B
¥59M
Net Change in Cash
¥-3.2B
¥3.7B
¥-1.0B
¥519M
¥-422M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
6.8%
7.4%
2.1%
6.7%
8.9%
ROA
3.0%
3.2%
1.0%
3.3%
4.5%
EPS
¥66.00
¥68.45
¥18.46
¥57.83
¥72.09
DPS
¥23.00
¥20.00
¥15.00
¥15.00
¥22.00
BPS
¥983.37
¥949.80
¥887.48
¥878.58
¥837.60
FCF/Share
¥-206
¥265
¥-24
¥87
¥4
NCAV/Share
¥507
¥478
¥401
¥360
¥441
Payout Ratio
34.8%
29.2%
81.3%
25.9%
30.5%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 6
Date Activist Stake Event Flag Demands Source
2024-04-12
Hiraoka Fumio
21.68%
change
Passive
—
2023-12-06
Sumitomo Mitsui Trust Bank,Limited
4.22%
-0.91%
change
Passive
—
2023-10-05
Sumitomo Mitsui Trust Bank,Limited
5.13%
+0.59%
initial_5pct
Passive
—
2023-09-06
Sumitomo Mitsui Trust Bank,Limited
4.54%
-0.6%
change
Passive
—
2023-08-21
Sumitomo Mitsui Trust Bank,Limited
5.14%
+0.35%
initial_5pct
Passive
—
2023-07-21
Sumitomo Mitsui Trust Bank,Limited
4.79%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
㈱カシオペア
2,029,200
15.33%
2
大阪中小企業投資育成㈱
648,000
4.90%
3
平岡 滿子
602,650
4.55%
4
㈲アカリ
562,000
4.25%
5
平岡 史生
479,471
3.62%
6
衣笠 敦夫
372,569
2.82%
7
平岡 紀子
367,850
2.78%
8
Sumitomo Mitsui Banking Corporation
㈱三井住友銀行
320,000
2.42%
9
福光 宏
296,031
2.24%
10
ワッツ従業員持株会
292,004
2.21%
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
45.1%
+0.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
㈱カシオペア
5.74%
15.42%
15.33%
-0.09%
大阪中小企業投資育成
4.81%
4.92%
4.90%
-0.02%
平岡 滿子
4.47%
4.58%
4.55%
-0.03%
㈲アカリ
4.17%
4.27%
4.25%
-0.02%
平岡 史生
3.38%
3.53%
3.62%
+0.09%
衣笠 敦夫
2.72%
2.82%
2.82%
平岡 紀子
2.73%
2.80%
2.78%
-0.02%
Sumitomo Mitsui Banking Corporation
三井住友銀行
—
2.43%
2.42%
-0.01%
福光 宏
—
2.25%
2.24%
-0.01%
ワッツ従業員持株会
NEW ENTRY
—
—
—
2.21%
NEW
中村 史子
last seen 2024
Exited Top 10
—
2.06%
—
㈲トリオ
last seen 2023
Exited Top 10
9.32%
—
—
三井住友信託銀行
last seen 2023
Exited Top 10
2.75%
—
—
日本マスタートラスト信託銀行
last seen 2023
Exited Top 10
4.82%
—
—
Concentration (HHI)
ⓘ
237
345
342
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥0M
-98% since 2023
Holdings
1
2 exited
Trend
Stable
vs 2023
Held Company
FY2025
¥0M total
FY2023
¥26M total
Book Val ¥M
Shares
Book Val ¥M
Shares
㈱G-7ホールディングス
0
400
0
400
ONTSU Co.,Ltd.
㈱音通
—
−100%
Exit
—
20
708,750
Joshin Denki Co., Ltd.
上新電機㈱
—
−100%
Exit
—
6
2,500
Portfolio total
0
26
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding