WATT MANN CO., LTD.

9927 株式会社ワットマン

Specialty Retail · Standard · TSE: Disclosed

PRICE: ¥965 · MKT CAP: ¥8.4B · P/E: 24.5x · P/B: 2.47x · DIV YIELD: 2.1%

PRICE — 5Y

Characteristics & Business Summary

Watt Mann Co., Ltd. engages in the operation of a chain of retail stores that offer reused products in Japan, North America, Asia, Europe, and internationally. It operates through two segments, Products Business and New Products E-Commerce Business. The...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Net Sales	3,635	5,409	7,420	7,852	8,383
Operating Profit	269	270	509	649	584
Ordinary Profit	275	292	508	656	595
Net Profit	207	264	356	460	345
EPS	¥190	¥241	¥163	¥53	¥39
DPS	¥60	¥80	¥60	¥20	¥20

Balance Sheet & Valuation Highlights

Total Assets ¥5B

Net Assets (Equity) ¥3B

Equity Ratio 67.2%

ROE (Return on Equity) 9.8%

Cash & Equivalents ¥2B

Interest-Bearing Debt ¥0B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥0B

Major Shareholders

1. 川畑泰史 20.5%
2. HARD OFF CORPORATION Co.,Ltd. 14.7%
3. 渡邉未来 3.9%
4. 堀内裕紀 3.9%
5. 川畑遥 3.7%
6. 渋佐万葉 3.4%
7. 江木麻紀 3.4%
8. 伊藤充淳 3.1%
9. 奥村学 3.0%
10. 南角光彦 2.7%

Activist Activity

Tokai Tokyo Securities Co., Ltd. 0.0%

2026-04-21 · exit

IAPF3 Co., Ltd. 92.03%

2026-04-10 · change

Ysufumi Kawabata 23.3%

2026-04-10 · correction

Ysufumi Kawabata 23.22%

2026-04-10 · correction

Ysufumi Kawabata 92.03%

2026-04-10 · correction

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues per share	¥3,324	¥4,946	¥3,392	¥897	¥958
FCF/Share	¥158	¥119	¥247	¥37	¥34
EPS	¥190	¥241	¥163	¥53	¥39
DPS	¥60	¥80	¥60	¥20	¥20
Capital Spending per share	¥37	¥49	¥7	¥10	¥11
Book Value per share	¥2,545	¥2,431	¥1,354	¥380	¥403
Common Shares Outstanding	1M	1M	2M	9M	9M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues (Net Sales)	¥4B	¥5B	¥7B	¥8B	¥8B
Operating Margin (%)	7.4%	5.0%	6.9%	8.3%	7.0%
Net Profit (owners)	¥0B	¥0B	¥0B	¥0B	¥0B
Net Profit Margin (%)	5.7%	4.9%	4.8%	5.9%	4.1%
Working Capital	¥1B	¥1B	¥2B	¥2B	¥2B
Total Debt (Interest-bearing)	¥0B	¥1B	¥1B	¥1B	¥0B
Net Worth (Common Equity)	¥3B	¥3B	¥3B	¥3B	¥4B
Return on Total Assets (ROA)	5.8%	6.1%	7.6%	9.3%	6.8%
Return on Common Equity (ROE)	7.5%	9.9%	12.0%	13.8%	9.8%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.