4011 Headwaters Co.,Ltd - Financial Results

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4011

TSE Growth

Headwaters Co.,Ltd

2,970

JPY

+24

(+0.81%)

Dec 5, 1:29 pm JST

19.17

USD

Dec 4, 11:29 pm EST

Result

PTS

outside of trading hours

2,977.5

Dec 5, 12:55 pm JST

Summary Chart Historical News Financial Result

Current Period Guidance

Annual

Result

Guidance History

Growth Rate

Profitability

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2021	1,171	91	93	27	7.3	0	Feb 14, 2022	J-GAAP
Dec, 2022	1,574	110	106	75	20.1	0	Feb 14, 2023	J-GAAP
Dec, 2023	2,315	94	98	70	18.9	0	Feb 14, 2024	J-GAAP
Dec, 2024	2,905	307	362	272	72.0	0	Feb 14, 2025	J-GAAP
Dec, 2025 Guidance	4,007	328	332	237	61.7	0	Feb 14, 2025	J-GAAP
YoY	+37.9%	+6.8%	-8.3%	-12.9%	-14.3%

Revision Direction	Revision Date	Revenue	Operating Profit	Ordinary Profit	Net Profit	Revised Dividend	Accounting Standards
Dec, 2020	Sep 29, 2020	1,134	184	172	138	0*	J-GAAP
Results	Feb 12, 2021	1,153	169	155	153	0*	J-GAAP
Dec, 2021	Feb 12, 2021	Available in future release
	Aug 13, 2021
Results	Feb 14, 2022
Dec, 2022	Feb 14, 2022
	Nov 14, 2022
Results	Feb 14, 2023
Dec, 2023	Feb 14, 2023
	Nov 14, 2023
Results	Feb 14, 2024
Dec, 2024	Feb 14, 2024
	Nov 14, 2024
Results	Feb 14, 2025
Dec, 2025	Feb 14, 2025	4,007	328	332	237	0*	J-GAAP

Fiscal Year	Revenue	YoY	Operating Profit	YoY	Ordinary Profit	YoY	Adj. EPS	YoY
Dec, 2015	1,005	－	Available in future release
Dec, 2016	830	-17.4
Dec, 2017	922	+11.1
Dec, 2018	933	+1.2
Dec, 2019	1,067	+14.4
Dec, 2020	1,153	+8.1
Dec, 2021	1,171	+1.6
Dec, 2022	1,574	+34.4
Dec, 2023	2,315	+47.1
Dec, 2024	2,905	+25.5
Dec, 2025 Guidance	4,007	+37.9	328	+6.8	332	-8.3	61.7	-14.3

Fiscal Year	Revenue	Operating Profit	Operating Profit Margin	ROE	ROA	Total Asset Turnover Ratio	Adj. EPS
Dec, 2023	2,315	94	4.06	7.64	5.68	1.88	18.9
Dec, 2024	2,905	307	10.6	24.45	17.58	1.88	72.0
Dec, 2025 Guidance	4,007	328	8.19	17.97	6.36	1.08	61.7

All-Time High

	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS
Record	2,905	307	362	272	72.0
Fiscal Year	Dec, 2024	Dec, 2024	Dec, 2024	Dec, 2024	Dec, 2024

Second Half

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2022	929	109	113	83	22.2	0	Feb 14, 2023	J-GAAP
Jul - Dec, 2023	1,157	48	51	40	10.8	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024	1,573	156	212	172	45.5	0	Feb 14, 2025	J-GAAP
Jul - Dec, 2025 Guidance	2,370	352	407	289	75.3	0	Aug 14, 2025	J-GAAP
YoY	+50.7%	+125.6%	+92.0%	+68.0%	+65.3%

Cash Flow

Annual

Fiscal Year	Operating Profit	Fee Cash Flow	Operating Cash Flow	Investing Cash Flow	Financial Cash Flow	Cash & Equivalents	Cash Ratio	Accounting Standards
Dec, 2022	110	53	84	-31	ー	818	69.97	J-GAAP
Dec, 2023	94	71	87	-16	8	897	69.32	J-GAAP
Dec, 2024	307	-66	144	-210	10	843	46.83	J-GAAP

Actual Performance and Financial Trends

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2023	1,786	84	85	53	14.4	86.7	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	2,087	216	218	145	38.5	60.2	Nov 14, 2024	J-GAAP
Jan - Sep, 2025	2,702	98	71	45	12.0	21.4	Nov 14, 2025	J-GAAP
YoY	+29.5%	-54.6%	-67.4%	-69.0%	-68.9%

Quarterly Results

Result

Growth Rate

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	529	10	13	17	4.6	1.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	708	132	131	89	23.9	18.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	624	19	19	11	2.9	3.0	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	755	65	68	45	12.0	8.6	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	818	91	144	127	33.6	11.1	Feb 14, 2025	J-GAAP
Jan - Mar, 2025	739	-67	-2	-20	-5.4	-9.1	May 15, 2025	J-GAAP
Apr - Jun, 2025	898	43	-73	-32	-8.5	4.8	Aug 14, 2025	J-GAAP
Jul - Sep, 2025	1,065	122	146	97	25.8	11.5	Nov 14, 2025	J-GAAP
YoY	+41.1%	+87.7%	+114.7%	+115.6%	+115.7%

Fiscal Year	Revenue	YoY	Operating Profit	YoY	Ordinary Profit	YoY	Adj. EPS	YoY
Oct - Dec, 2020	264	－	Available in future release
Jan - Mar, 2021	277	－
Apr - Jun, 2021	282	－
Jul - Sep, 2021	296	-1.7
Oct - Dec, 2021	316	+19.7
Jan - Mar, 2022	302	+9.0
Apr - Jun, 2022	343	+21.6
Jul - Sep, 2022	422	+42.6
Oct - Dec, 2022	507	+60.4
Jan - Mar, 2023	603	+99.7
Apr - Jun, 2023	555	+61.8
Jul - Sep, 2023	628	+48.8
Oct - Dec, 2023	529	+4.3
Jan - Mar, 2024	708	+17.4
Apr - Jun, 2024	624	+12.4
Jul - Sep, 2024	755	+20.2
Oct - Dec, 2024	818	+54.6
Jan - Mar, 2025	739	+4.4
Apr - Jun, 2025	898	+43.9
Jul - Sep, 2025	1,065	+41.1	122	+87.7	146	+114.7	25.8	+115.0

All-Time High Quarterly Results

	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS
Record	1,065	132	146	127	33.6
Fiscal Year	Sep, 2025	Mar, 2024	Sep, 2025	Dec, 2024	Dec, 2024

Key Balance Sheet Figures

Fiscal Year	BPS	Equity Ratio	Total Asset	Equity	Retained Earnings	Interest-Bearing Debt Ratio	Announce	Accounting Standards
Dec, 2022	935.10	74.9	1,169	875	160	ー	Feb 14, 2023	J-GAAP
Dec, 2023	509.47	74.0	1,294	958	230	ー	Feb 14, 2024	J-GAAP
Dec, 2024	667.46	70.4	1,800	1,267	503	ー	Feb 14, 2025	J-GAAP
Jan - Sep, 2025	ー	35.4	3,727	1,319	549	1.44	Nov 14, 2025	J-GAAP

Headwaters Co.,Ltd(4011) Financial Results