1. Japan Stocks

  2. •

    Utilities

  3. •

    Alternative power generation
West Holdings Corporation

West Holdings Corporation

TTSE:1407
2,044.00
JPY
-132.00
(-6.07%)
68.97BMarket Cap
Jan 08Next Earn
West Holdings Corporation
TSE:1407
(Tokyo Stock Exchange)

Recent

price

2,044.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
817.89
492.29
563.04
1,151.72
1,278.99
1,022.39
838.99
766.18
1,228.32
1,505.48
1,509.94
1,670.31
1,651.89
1,075.55
1,103.48
1,191.53
- -
Revenue per Share
39.8
22.52
19.48
68.2
119.45
75.18
60.93
35.25
62.39
85.56
107.66
159.68
104.69
147.95
147.97
135.09
- -
Basic EPS, GAAP
92.91
-2.5
-17.85
88.65
30.81
-16.5
49.28
-83.07
113.08
-185.88
13.19
42.61
-254.71
84.23
-143.37
4.59
- -
Free Cash Flow per Basic Share
4.96
7.69
5.86
8.83
17.76
30
21.16
20.68
17.78
20.85
26.84
34.62
49.95
54.99
48.92
64.96
- -
Dividend per Share
94.58
67
79.77
139.58
241.5
280.79
312.47
327.61
372.22
425.12
499.97
622.66
677.15
771.88
837.83
913.33
866.56
Book Value per Share
77.86
55.66
73.67
136.5
239.81
275.45
307.63
323.66
368.27
421.34
494.22
613.98
571.65
669.23
817.51
784.18
742.07
Tangible Book Value per Share
28
45
46
46
46
45
44
43
43
42
41
41
41
41
46
40
40
Basic Weighted Avg Shares
23,053
21,992
25,764
52,746
58,827
46,346
36,997
32,753
52,509
63,904
61,947
67,938
67,169
43,734
50,390
47,250
- -
Sales/Revenue/Turnover
5.85
6.98
5.81
12.21
15.56
12.82
13.43
8.2
9.47
9.18
11.59
14.94
11.57
19.44
21.03
18.3
- -
Operating Margin (%)
374
380
386
254
175
320
602
1,520
1,659
1,548
1,566
1,448
1,432
2,168
2,358
2,723
- -
Depreciation Expense
1,122
1,006
892
3,124
5,494
3,408
2,687
1,507
2,667
3,632
4,417
6,495
4,257
6,016
6,757
5,357
- -
Net Income, GAAP
- -
22.73
23.78
46.22
36.71
35.28
42.23
34.32
41.07
32.09
33.06
31.43
26.13
26.6
30.03
29.17
- -
Effective Tax Rate (%)
4.87
4.57
3.46
5.92
9.34
7.35
7.26
4.6
5.08
5.68
7.13
9.56
6.34
13.76
13.41
11.34
- -
Profit Margin (%)
1,495
3,553
4,190
8,283
15,500
13,685
24,745
25,786
31,525
37,600
40,334
41,532
36,357
53,091
42,011
49,504
47,490
Working Capital
1,708
3,820
3,770
4,593
8,461
10,762
21,536
27,691
30,987
35,003
33,721
32,859
43,894
60,248
56,603
70,108
68,815
LT Debt
4,100
3,088
3,692
6,456
11,141
12,681
13,373
14,020
15,927
17,583
20,356
25,331
27,551
31,400
33,396
36,535
34,731
Total Equity
- -
11.65
9.8
21.57
22.76
11.27
6.96
3.59
5.17
6.14
6.93
9.22
6.82
6.33
6.7
5.04
- -
Return on Invested Capital (%)
- -
11.12
8.78
21.61
24.08
10.83
6.99
3.64
5.22
6.22
6.91
9.15
5.54
6.59
6.53
5
- -
Return on Capital (%)
31.89
28.25
26.61
62.06
62.7
28.65
20.64
11.01
17.83
21.7
23.3
28.45
16.11
20.42
20.92
15.43
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Aug'25
Nov'26
Feb'26
ST Debt
24,013
- -
24,958
LT Borrowings
70,108
- -
68,815
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
40
40
40
Market Capitalization
64,248
60,639
68,967

Working Capital

JPY

•

in mil. unless spec.
Aug'25
Nov'26
Feb'26
Total Current Assets
89,170
- -
87,158
Cash, Cash Equivalents & STI
35,564
- -
42,140
Accounts Receivable, Net
25,829
- -
12,363
Inventories
15,293
- -
18,525
Total Current Liabilities
39,666
- -
39,668
Payables & Accruals
- -
- -
- -
ST Debt
24,013
- -
24,958
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.3%
12.59%
9.4%
Free Cash Flow
-226.44%
-200.86%
-102.78%
Net Income, GAAP
11.52%
9.1%
-20.72%
Sales/Revenue/Turnover
3%
-3.47%
-6.23%
Total Cash Common Dividend
8.76%
19.49%
15.31%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,867
11,048
9,793
20,682
50,390
2025
- -
- -
- -
- -
47,250
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20.17
25.68
18.09
104.87
147.97
2025
- -
- -
- -
- -
135.09
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
48.92
2025
- -
- -
- -
- -
64.96
2026
- -
- -
- -
- -
- -
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Business
West Holdings Corporation West Holdings Corporation (1407.T) engages primarily in the renewable energy business, encompassing the design, construction, sales, operation, and maintenance of solar and wind power generation facilities for public, industrial, municipal, residential, and commercial applications in Japan and internationally. The company offers core products and services including high-voltage solar power plants for municipalities and special high-pressure systems; industrial low-pressure and self-consumption solar power generation through EPC contracts and non-FIT development; residential solar power systems; O&M services for photovoltaic plants utilizing monitoring and drone technology; energy conservation solutions such as LED lighting, air conditioning, ecoCloud thermal management for refrigerators and freezers, and comprehensive West Esco services; electricity retailing, green power wholesaling, power purchase agreements (PPA), and generation from owned solar assets. Founded in 1981 and headquartered in Tokyo, Japan, West Holdings operates through segments in renewable energy, energy conservation, electric power, and maintenance, targeting large energy consumers like factories, offices, hospitals, and commercial facilities while contributing to decarbonization and SDGs via initiatives like the CoCoLo project for CO2 reduction and J-Credit environmental value creation. Recent developments include sustained expansion in high-pressure solar power development with over 400 sites, industrial low-pressure installations exceeding 7,000 units, residential sales surpassing 130,000 units, and low-pressure construction at more than 1,100 sites as of October 2025, alongside ongoing integration of planning, construction, O&M, and renewal services with cross-selling proposals and drone-enhanced maintenance.