WATTS, Sep-Nov (1Q) Ordinary Profit Increases by 7%

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Fri Jan 9, 2026 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 9th (15:30). The consolidated ordinary profit for the first quarter of the fiscal year ending August 2026 (September to November) increased 7.2% from the same period last year, reaching 329 million yen. Progress toward the plan for the six months ending February (first half) of 750 million yen was 43.9%, exceeding the five-year average of 35.1%.

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

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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, 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	35.5	Jan 10, 2025	J-GAAP
Sep - Nov, 2025	15,351	271	329	194	14.7	43.9	Jan 9, 2026	J-GAAP
YoY	+2.4%	+1.5%	+7.2%	+1.6%	+1.0%

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	33.9	7.50	Oct 10, 2025	J-GAAP
YoY	+1.8%	-8.5%	-13.4%	-16.0%	-16.8%

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	67.8	20	Oct 10, 2025	J-GAAP
YoY	+2.3%	+5.7%	+5.0%	+3.4%	+2.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Sep - Nov, 2025	15,351	271	329	194	14.7	1.8	Jan 9, 2026	J-GAAP
YoY	+2.4%	+1.5%	+7.2%	+1.6%	+1.0%