WATTS, Sep-Nov (1Q) Ordinary Profit Increases by 56%, the current fiscal year Dividend Revised Upward by 3 yen

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Fri Jan 10, 2025 3:30 pm JST Earnings

2735 WATTS CO., LTD. 【J-GAAP】

Earnings Report

WATTS CO., LTD. <2735> [TSE Std] announced its financial results after the market closed on January 10th (15:30). The consolidated ordinary profit for the first quarter of the fiscal year ending August 2025 (September to November) expanded 307 million yen, an increase 55.8% compared to the same period last year. The progress rate toward the plan for the six months ending February (1H) of 750 million yen was 40.9%, exceeding the five-year average of 33.7%.

At the same time, the dividend for the first half of this fiscal year has been significantly increased from the original plan of 7.5 yen to 10.5 yen (compared to no dividend in the same period of the previous year), resulting in the annual dividend of 18 yen.

In the most recent three-month period, from September to November (1Q), the operating profit margin improved from 1.3% in the same period last year to 1.8%.

Kabutan News

Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Sep - Nov, 2022	14,699	62	67	215	15.9	24.8	Jan 13, 2023	J-GAAP
Sep - Nov, 2023	14,813	190	197	90	6.8	26.3	Jan 12, 2024	J-GAAP
Sep - Nov, 2024	14,995	267	307	191	14.6	40.9	Jan 10, 2025	J-GAAP
YoY	+1.2%	+40.5%	+55.8%	+112.2%	+114.6%

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2024 Prev	30,500	750	750	450	34.1	7.50	Oct 10, 2024	J-GAAP
Sep - Feb, 2024 New	30,500	750	750	450	34.1	10.50	Jan 10, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2025 Prev	62,000	1,350	1,300	950	72.0	15	Oct 10, 2024	J-GAAP
Aug, 2025 New	62,000	1,350	1,300	950	72.0	18	Jan 10, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	30,255	743	749	436	32.9	0	Apr 10, 2024	J-GAAP
Sep - Feb, 2024 Guidance	30,500	750	750	450	34.1	10.50	Jan 10, 2025	J-GAAP
YoY	+0.8%	+0.9%	+0.1%	+3.2%	+3.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	59,309	621	648	250	18.5	15	Oct 10, 2023	J-GAAP
Aug, 2024	61,257	1,246	1,228	904	68.5	20	Oct 10, 2024	J-GAAP
Aug, 2025 Guidance	62,000	1,350	1,300	950	72.0	18	Jan 10, 2025	J-GAAP
YoY	+1.2%	+8.3%	+5.9%	+5.1%	+5.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	14,813	190	197	90	6.8	1.3	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	15,442	553	552	346	26.1	3.6	Apr 10, 2024	J-GAAP
Mar - May, 2024	15,349	311	320	324	24.5	2.0	Jul 10, 2024	J-GAAP
Jun - Aug, 2024	15,653	192	159	144	10.9	1.2	Oct 10, 2024	J-GAAP
Sep - Nov, 2024	14,995	267	307	191	14.6	1.8	Jan 10, 2025	J-GAAP
YoY	+1.2%	+40.5%	+55.8%	+112.2%	+114.6%