4011 Headwaters Co.,Ltd - Financial Results

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4011

TSE Growth

Headwaters Co.,Ltd

2,564

JPY

-71

(-2.69%)

Mar 13, 3:30 pm JST

16.08

USD

Mar 13, 2:30 am EDT

Result

PTS

outside of trading hours

2,530

Mar 13, 10:30 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, 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	3,900	229	128	57	15.1	0	Feb 13, 2026	J-GAAP
Dec, 2026 Guidance	5,764	436	411	231	60.1	0	Feb 13, 2026	J-GAAP
YoY	+47.8%	+90.4%	+221.1%	+305.3%	+297.2%

Revision Direction	Revision Date	Revenue	Operating Profit	Ordinary Profit	Net Profit	Revised Dividend	Accounting Standards
Dec, 2021	Feb 12, 2021	1,267	197	197	136	0	J-GAAP
	Aug 13, 2021	1,154	75	77	23	0	J-GAAP
Results	Feb 14, 2022	1,171	91	93	27	0	J-GAAP
Dec, 2022	Feb 14, 2022	Available in future release
	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
Results	Feb 13, 2026
Dec, 2026	Feb 13, 2026	5,764	436	411	231	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	3,900	+34.3
Dec, 2026 Guidance	5,764	+47.8	436	+90.4	411	+221.1	60.1	+298.0

Fiscal Year	Revenue	Operating Profit	Operating Profit Margin	ROE	ROA	Total Asset Turnover Ratio	Adj. EPS
Dec, 2024	2,905	307	10.6	24.45	17.58	1.88	72.0
Dec, 2025	3,900	229	5.87	4.39	2.02	1.38	15.1
Dec, 2026 Guidance	5,764	436	7.56	17.38	6.00	1.50	60.1

All-Time High

	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS
Record	3,900	307	362	272	72.0
Fiscal Year	Dec, 2025	Dec, 2024	Dec, 2024	Dec, 2024	Dec, 2024

First Half

Result

Guidance History

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2023	1,158	46	47	30	8.1	0	Aug 14, 2023	J-GAAP
Jan - Jun, 2024	1,332	151	150	100	26.7	0	Aug 14, 2024	J-GAAP
Jan - Jun, 2025	1,637	-24	-75	-52	-13.9	0	Aug 14, 2025	J-GAAP
Jan - Jun, 2026 Guidance	ー	ー	ー	ー	－	0	Feb 13, 2026	J-GAAP
YoY	－	－	－	－	－

Revision Direction	Revision Date	Revenue	Operating Profit	Ordinary Profit	Net Profit	Revised Dividend	Accounting Standards
Jun, 2023	Feb 14, 2023	ー	ー	ー	ー	0*	J-GAAP
- - - - Results	Aug 14, 2023	1,158	46	47	30	0*	J-GAAP
Jun, 2024	Feb 14, 2024	Available in future release
Results	Aug 14, 2024
Jun, 2025	Feb 14, 2025
Results	Aug 14, 2025
Jun, 2026	Feb 13, 2026	ー	ー	ー	ー	0	J-GAAP

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, 2023	94	71	87	-16	8	897	69.32	J-GAAP
Dec, 2024	307	-66	144	-210	10	843	46.83	J-GAAP
Dec, 2025	229	-2,132	-38	-2,094	1,914	625	16.24	J-GAAP

Actual Performance and Financial Trends

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
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	3,900	229	128	57	15.1	0	Feb 13, 2026	J-GAAP
YoY	+34.3%	-25.4%	-64.6%	-79.0%	-79.0%

Quarterly Results

Result

Growth Rate

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Oct - Dec, 2025	1,198	131	57	12	3.2	10.9	Feb 13, 2026	J-GAAP
YoY	+46.5%	+44.0%	-60.4%	-90.6%	-90.5%

Fiscal Year	Revenue	YoY	Operating Profit	YoY	Ordinary Profit	YoY	Adj. EPS	YoY
Jan - Mar, 2021	277	－	Available in future release
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
Oct - Dec, 2025	1,198	+46.5	131	+44.0	57	-60.4	3.2	-90.5

All-Time High Quarterly Results

	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS
Record	1,198	132	146	127	33.6
Fiscal Year	Dec, 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, 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
Dec, 2025	345.93	34.5	3,849	1,329	561	1.43	Feb 13, 2026	J-GAAP

Headwaters Co.,Ltd(4011) Financial Results