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WATTS, 5% Increase in Ordinary Profit for The Current Fiscal Year

Fri Oct 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 October 10th (15:30). The consolidated ordinary profit for the fiscal year ended August 2025 increased by 16.4% from the previous period to 1.42 billion yen. For the fiscal year ending August 2026, the consolidated ordinary profit is expected to grow by 5.0% to 1.50 billion yen. This will be the fifth consecutive term of revenue and the third consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 18 yen to 23 yen (compared to 20 yen in the prior term). For the current term, the company plans to remove the commemorative dividend of the previous term and set the dividend for this term at an ordinary dividend of 20 yen.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit surged 2.6 times that of the same period last year, reaching 0.41 billion yen. The operating profit margin improved from 1.2% in the same period last year to 2.6%.

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Actual Results

Historical Performance
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 61,578 1,419 1,429 870 66.0 23 Oct 10, 2025 J-GAAP
YoY +0.5% +13.9% +16.4% -3.8% -3.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2025 Guidance 62,000 1,350 1,300 950 71.8 18 Jan 10, 2025 J-GAAP
Aug, 2025 Results 61,578 1,419 1,429 870 66.0 23 Oct 10, 2025 J-GAAP
Revision Rate -0.7% +5.1% +9.9% -8.4% -8.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 30,465 820 866 536 40.8 10.50 Apr 10, 2025 J-GAAP
Sep - Feb, 2025 Guidance 31,000 750 750 450 34.0 7.50 Oct 10, 2025 J-GAAP
YoY +1.8% -8.5% -13.4% -16.0% -16.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 61,257 1,246 1,228 904 68.5 20 Oct 10, 2024 J-GAAP
Aug, 2025 61,578 1,419 1,429 870 66.0 23 Oct 10, 2025 J-GAAP
Aug, 2026 Guidance 63,000 1,500 1,500 900 68.0 20 Oct 10, 2025 J-GAAP
YoY +2.3% +5.7% +5.0% +3.4% +3.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Dec - Feb, 2024 15,470 553 559 345 26.2 3.6 Apr 10, 2025 J-GAAP
Mar - May, 2025 15,547 202 151 56 4.3 1.3 Jul 10, 2025 J-GAAP
Jun - Aug, 2025 15,566 397 412 278 21.1 2.6 Oct 10, 2025 J-GAAP
YoY -0.6% +106.8% +159.1% +93.1% +93.5%

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