Watts Income Statement

Financials in millions JPY. Fiscal year is September - August.

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Revenue	62,388	61,578	61,257	59,309	58,347	50,702
Revenue Growth (YoY)	1.50%	0.52%	3.28%	1.65%	15.08%	-3.96%
Cost of Revenue	38,147	37,671	37,666	36,855	36,066	31,077
Gross Profit	24,241	23,907	23,591	22,454	22,281	19,625
Selling, General & Admin	22,784	22,488	22,337	21,830	21,280	17,956
Operating Expenses	22,784	22,488	22,344	21,832	21,282	17,956
Operating Income	1,457	1,419	1,247	622	999	1,669
Interest Expense	-24	-23	-15	-12	-10	-4
Interest & Investment Income	19	12	8	4	3	2
Earnings From Equity Investments	-30	-1	7	-15	7	-88
Currency Exchange Gain (Loss)	43	4	-5	33	119	14
Other Non Operating Income (Expenses)	-7	16	-14	16	31	-8
EBT Excluding Unusual Items	1,458	1,427	1,228	648	1,149	1,585
Gain (Loss) on Sale of Investments	-	-	10	1	-	6
Gain (Loss) on Sale of Assets	-	-	-4	-	-	-
Asset Writedown	-75	-67	-137	-313	-208	-312
Other Unusual Items	10	8	113	-	34	306
Pretax Income	1,393	1,368	1,210	336	975	1,585
Income Tax Expense	564	498	306	86	194	620
Earnings From Continuing Operations	829	870	904	250	781	965
Net Income	829	870	904	250	781	965
Net Income to Common	829	870	904	250	781	965
Net Income Growth	-17.43%	-3.76%	261.60%	-67.99%	-19.07%	24.68%
Shares Outstanding (Basic)	13	13	13	14	14	13
Shares Outstanding (Diluted)	13	13	13	14	14	13
Shares Change (YoY)	0.46%	-0.13%	-2.67%	0.46%	0.82%	-
EPS (Basic)	62.67	65.95	68.44	18.42	57.82	72.03
EPS (Diluted)	62.67	65.95	68.44	18.42	57.82	72.03
EPS Growth	-17.80%	-3.64%	271.52%	-68.14%	-19.73%	24.68%
Free Cash Flow	5	-2,729	3,487	-326	1,178	59
Free Cash Flow Per Share	0.38	-206.88	264.00	-24.02	87.21	4.40
Dividend Per Share	7.500	15.000	15.000	15.000	15.000	22.000
Dividend Growth	-66.67%	-	-	-	-31.82%	46.67%
Gross Margin	38.86%	38.82%	38.51%	37.86%	38.19%	38.71%
Operating Margin	2.33%	2.30%	2.04%	1.05%	1.71%	3.29%
Profit Margin	1.33%	1.41%	1.48%	0.42%	1.34%	1.90%
Free Cash Flow Margin	0.01%	-4.43%	5.69%	-0.55%	2.02%	0.12%
EBITDA	2,411	2,365	1,985	1,368	1,690	2,049
EBITDA Margin	3.86%	3.84%	3.24%	2.31%	2.90%	4.04%
D&A For EBITDA	954	946	738	746	691	380
EBIT	1,457	1,419	1,247	622	999	1,669
EBIT Margin	2.33%	2.30%	2.04%	1.05%	1.71%	3.29%
Effective Tax Rate	40.49%	36.40%	25.29%	25.60%	19.90%	39.12%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.