Headwaters Co.,Ltd Ratios and Metrics

Market cap in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2017	FY 2016	2017 - 2020
Period Ending	Aug '25 Aug 20, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	2017 - 2020
Market Capitalization	14,389	22,362	14,887	3,281	-	-	Upgrade
Market Cap Growth	-24.66%	50.21%	353.68%	-	-	-	Upgrade
Enterprise Value	13,567	21,363	14,201	2,554	-	-	Upgrade
Last Close Price	3790.00	5890.00	3965.00	876.25	-	-	Upgrade
PE Ratio	126.03	82.21	212.67	43.75	-	-	Upgrade
PS Ratio	4.48	7.70	6.43	2.09	-	-	Upgrade
PB Ratio	11.85	17.59	15.49	3.75	-	-	Upgrade
P/TBV Ratio	12.04	17.80	15.75	3.82	-	-	Upgrade
P/FCF Ratio	-	189.51	209.68	57.57	-	-	Upgrade
P/OCF Ratio	-	155.29	171.12	39.06	-	-	Upgrade
EV/Sales Ratio	4.23	7.35	6.13	1.62	-	-	Upgrade
EV/EBITDA Ratio	87.53	65.33	129.10	21.11	-	-	Upgrade
EV/EBIT Ratio	103.57	69.59	149.48	23.22	-	-	Upgrade
EV/FCF Ratio	-171.74	181.05	200.01	44.81	-	-	Upgrade
Debt / Equity Ratio	-	-	-	-	0.24	6.03	Upgrade
Debt / EBITDA Ratio	-	-	-	-	2.89	-	Upgrade
Asset Turnover	2.02	1.88	1.88	-	2.63	3.21	Upgrade
Inventory Turnover	176.00	175.37	112.31	-	39.61	33.58	Upgrade
Quick Ratio	2.89	2.67	3.58	3.70	2.66	1.15	Upgrade
Current Ratio	3.04	2.77	3.69	3.77	2.77	1.32	Upgrade
Return on Equity (ROE)	11.14%	24.46%	7.63%	-	13.21%	-	Upgrade
Return on Assets (ROA)	5.15%	12.40%	4.82%	-	3.04%	-30.56%	Upgrade
Return on Capital (ROIC)	7.13%	17.19%	6.47%	-	4.75%	-62.33%	Upgrade
Return on Capital Employed (ROCE)	10.80%	24.10%	9.90%	12.60%	6.20%	-	Upgrade
Earnings Yield	0.83%	1.22%	0.47%	2.29%	-	-	Upgrade
FCF Yield	-0.55%	0.53%	0.48%	1.74%	-	-	Upgrade
Buyback Yield / Dilution	4.82%	-0.29%	-3.14%	-	-	-	Upgrade

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