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 2025	FY 2024	FY 2023	FY 2022	FY 2017
Period Ending	Jun '26 Jun 17, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '17 Dec 31, 2017
Market Capitalization	12,920	10,810	22,362	14,887	3,281	-
Market Cap Growth	5.03%	-51.66%	50.21%	353.68%	-	-
Enterprise Value	13,990	12,161	21,363	14,201	2,554	-
Last Close Price	2114.00	2815.00	5890.00	3965.00	876.25	-
PE Ratio	98.82	189.64	82.21	212.67	43.75	-
PS Ratio	2.92	2.77	7.70	6.43	2.09	-
PB Ratio	9.45	8.00	17.59	15.49	3.75	-
P/TBV Ratio	10.88	9.26	17.80	15.75	3.82	-
P/FCF Ratio	-	-	189.51	209.68	57.57	-
P/OCF Ratio	-	-	155.29	171.12	39.06	-
EV/Sales Ratio	3.16	3.12	7.35	6.13	1.62	-
EV/EBITDA Ratio	37.17	45.89	65.33	129.10	21.11	-
EV/EBIT Ratio	41.44	52.87	69.59	149.48	23.22	-
EV/FCF Ratio	-	-	181.05	200.01	44.81	-
Debt / Equity Ratio	1.39	1.41	-	-	-	0.24
Debt / EBITDA Ratio	4.03	7.17	-	-	-	2.89
Net Debt / Equity Ratio	0.76	0.94	-0.66	-0.93	-0.93	-0.70
Net Debt / EBITDA Ratio	2.21	4.81	-2.58	-8.15	-6.76	-8.36
Net Debt / FCF Ratio	-	-21.25	-7.14	-12.63	-14.35	-
Asset Turnover	1.56	1.38	1.88	1.88	-	2.63
Inventory Turnover	350.93	216.70	175.37	112.31	-	39.61
Quick Ratio	0.63	0.58	2.67	3.58	3.70	2.66
Current Ratio	0.69	0.63	2.77	3.69	3.77	2.77
Return on Equity (ROE)	8.25%	5.72%	24.46%	7.63%	-	13.21%
Return on Assets (ROA)	9.53%	5.09%	12.40%	4.82%	-	3.04%
Return on Invested Capital (ROIC)	10.34%	5.48%	94.64%	113.32%	120.30%	31.01%
Return on Capital Employed (ROCE)	31.60%	17.00%	24.10%	9.90%	12.60%	6.20%
Earnings Yield	0.69%	0.53%	1.22%	0.47%	2.29%	-
FCF Yield	-	-0.56%	0.53%	0.48%	1.74%	-
Buyback Yield / Dilution	-11.13%	0.17%	-0.29%	-3.14%	-	-