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Watanabe Sato Co., Ltd.

Watanabe Sato Co., Ltd.

1807.T
Watanabe Sato Co., Ltd.JP flagTokyo Stock Exchange
1,819.00
JPY
-15.00
- -
11.36BMarket Cap
Watanabe Sato Co., Ltd.
1807.T
(Tokyo Stock Exchange)

Recent

price

1,819.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
5,083.81
5,881.87
6,365.57
6,270.94
6,082.82
6,302.63
5,847.72
6,041.74
6,087.04
5,777.65
6,393.17
6,439.52
5,690.68
6,243.12
6,492.58
- -
3,584.88
Revenue per Share
8.61
147.1
254.39
257.93
143.42
231.87
263.82
155.78
193.4
163.72
295.41
297.17
73.34
195.52
143.21
- -
168.35
Basic EPS, GAAP
-78.82
214.67
259.89
-27.36
-242.4
459.7
51.12
-81.89
181.38
298.82
281.02
448.45
-44.55
492.88
-723.83
- -
- -
Free Cash Flow per Basic Share
6.17
3.77
6.26
19.96
21.16
12.52
17.54
24.99
24.97
29.99
30.69
53.37
59.82
49.49
114.7
- -
- -
Dividend per Share
542.25
685.6
933.78
1,171.2
1,230.03
1,452.77
1,424.92
1,830.22
1,998.61
2,132.33
2,443.53
2,867.04
2,751.51
2,876.32
2,869.87
- -
2,729.99
Book Value per Share
900.4
1,073.98
1,340.67
1,609.75
1,694.32
1,898.45
2,140.16
2,271.98
2,418.52
2,536.75
2,862.74
3,271.04
3,107.31
3,380.62
3,397.87
- -
3,239.95
Tangible Book Value per Share
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
- -
6
Basic Weighted Avg Shares
32,451
37,545
40,630
40,024
38,821
40,221
37,308
38,546
38,835
36,861
39,919
37,452
34,657
38,400
40,423
33,705
22,291
Sales/Revenue/Turnover
3.21
4.47
6.47
7.54
6.05
8.21
6.23
3.72
4.48
3.89
6.75
6.65
1.78
4.3
2.91
3.18
6.5
Operating Margin (%)
326
310
440
523
633
712
732
626
643
623
571
560
569
624
608
548
- -
Depreciation Expense
55
939
1,624
1,646
915
1,480
1,683
994
1,234
1,045
1,845
1,728
447
1,203
892
883
1,047
Net Income, GAAP
45.11
0.5
6.46
27.93
29.68
33.65
30.98
33.49
32.04
32.4
32.2
31.65
38.56
32.29
32.17
33.58
29.64
Effective Tax Rate (%)
0.17
2.5
4
4.11
2.36
3.68
4.51
2.58
3.18
2.83
4.62
4.61
1.29
3.13
2.21
2.62
4.7
Profit Margin (%)
1,164
1,726
2,521
3,267
3,609
4,393
5,964
5,965
5,962
6,789
8,443
9,287
9,103
10,344
10,310
10,818
9,515
Working Capital
643
357
125
481
1,128
849
865
512
362
213
139
90
41
- -
- -
- -
- -
LT Debt
5,813
6,897
8,597
10,329
10,863
12,165
13,693
14,533
15,471
16,232
17,948
19,107
19,354
21,141
21,427
22,920
20,452
Total Equity
4.7
13.81
19.05
15.42
10.77
13.03
9.09
5.43
6.64
5.35
9.72
8.68
1.91
5.37
3.45
2.97
5.04
Return on Invested Capital (%)
1.34
11.02
17.28
16.06
8.1
11.48
13.03
7.58
8.57
7.07
12.17
10.63
2.64
6.94
4.66
4.49
6.19
Return on Capital (%)
1.59
23.96
31.42
24.51
11.95
17.29
18.33
9.57
10.1
7.93
12.78
10.83
2.67
6.98
5.01
4.89
6.23
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
41
- -
26
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
- -
6
Market Capitalization
11,735
11,292
10,633

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
20,937
- -
17,683
Cash, Cash Equivalents & STI
7,623
- -
4,442
Accounts Receivable, Net
12,145
- -
10,793
Inventories
974
- -
2,002
Total Current Liabilities
10,593
- -
8,168
Payables & Accruals
- -
- -
- -
ST Debt
41
- -
26
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.59%
5.06%
6.97%
Free Cash Flow
-234.77%
-346.78%
-206.18%
Net Income, GAAP
12.02%
12.4%
-0.91%
Sales/Revenue/Turnover
-1.42%
-2.84%
-16.62%
Total Cash Common Dividend
27%
33.46%
-30.2%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,479
9,631
10,373
11,918
38,400
2025
- -
- -
- -
- -
40,423
2026
- -
- -
- -
- -
33,705

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-7.09
- -
- -
- -
195.52
2025
- -
- -
- -
- -
143.21
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
49.49
2025
- -
- -
- -
- -
114.7
2026
- -
- -
- -
- -
- -
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Business
Watanabe Sato Co., Ltd. is a Japan-based civil engineering and construction company specializing in pavement and civil engineering contracting operations. The company offers a broad range of products and services including investigation, research, planning, design, supervision, technical guidance, and consultation related to civil engineering construction. Its core products consist of proprietary concrete pavement technologies such as "1DAY PAVE" early traffic-release concrete pavement and the patented "SW Heat Mix," along with porous concrete and asphalt pavement systems, asphalt mixtures, block systems, resin pavement, turf and vegetation blocks, sports courts, and paving materials. The company also manufactures and sells construction materials and equipment, including construction machinery and tools, and provides equipment leasing services. Additionally, Watanabe Sato operates in industrial waste treatment and real estate management. Founded in 1923, the company is headquartered in Tokyo, Japan. In recent developments, Watanabe Sato has focused on sustainability initiatives, introducing "Carbon Pool" concrete that incorporates CO2 utilization and participating in Japan's Green Transformation (GX) League to advance environmental responsibility in construction. The company also announced an equity buyback of 450,000 shares in 2024 and reported organizational and leadership changes with Shuji Kamata appointed as President and Representative Director in June 2024. These moves reflect a strategic emphasis on corporate governance and capital efficiency. Watanabe Sato maintains a comprehensive portfolio geared towards both public infrastructure projects and private sector needs with operations primarily concentrated in Japan.