WILLPLUS Holdings Corp.

WILLPLUS Holdings Corp.

TTSE:3538
1,002.00
JPY
+7.00
(+0.70%)
9.47BMarket Cap
Nov 12Next Earn
WILLPLUS Holdings Corp.
TSE:3538
(Tokyo Stock Exchange)

Recent

price

1,002.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
2,589.63
2,619.27
2,556.95
2,781.55
3,205.11
3,729.65
4,294.03
4,168.97
4,587.89
4,942.72
9,725.7
- -
Revenue per Share
56.5
61.2
80.71
88.01
78.36
85.32
161.47
162.84
135.45
116
158.43
- -
Basic EPS, GAAP
-56.22
39.67
-17.36
-47.9
-99.84
60.79
229.1
180.22
-272.54
213.64
-178.41
- -
Free Cash Flow per Basic Share
- -
- -
13.21
14.46
13.27
13.83
14.09
28.45
45.07
42.97
45.78
- -
Dividend per Share
245.04
381.91
449.39
516.28
580.47
645.24
791.47
923.02
1,005.48
1,080.46
1,192.35
1,263.94
Book Value per Share
178
320.94
396.97
474.2
534.6
609.13
764.17
904.79
995.41
1,046.08
1,163.06
1,237.46
Tangible Book Value per Share
7
8
9
9
9
9
9
10
10
10
9
9
Basic Weighted Avg Shares
19,072
21,093
23,567
25,770
29,860
35,068
40,776
39,696
44,116
47,745
88,614
- -
Sales/Revenue/Turnover
3.7
4.2
5.13
4.9
3.74
3.31
5.62
5.96
4.23
3.14
2.09
- -
Operating Margin (%)
421
470
514
649
895
1,147
1,174
1,195
1,326
1,629
1,987
- -
Depreciation Expense
416
493
744
815
730
802
1,533
1,551
1,302
1,120
1,444
- -
Net Income, GAAP
41.39
40.1
36.93
35.09
34.35
33.5
33.71
34.72
33.25
32.02
19.92
- -
Effective Tax Rate (%)
2.18
2.34
3.16
3.16
2.44
2.29
3.76
3.91
2.95
2.35
1.63
- -
Profit Margin (%)
343
1,063
1,490
1,996
756
8
978
3,120
6,087
8,952
8,624
8,244
Working Capital
732
452
673
1,113
1,443
895
467
1,067
3,818
6,415
6,172
4,873
LT Debt
2,335
3,520
4,142
4,793
5,421
6,123
7,531
8,830
9,746
11,074
12,205
12,636
Total Equity
- -
11.01
13.52
11.85
8.26
7.09
12.64
11.71
8.15
4.86
5.43
- -
Return on Invested Capital (%)
- -
11.06
14.04
12.49
8.6
7.72
13.6
12.53
8.85
5.61
5.35
- -
Return on Capital (%)
- -
16.84
19.42
18.25
14.29
13.9
22.46
18.95
14.02
11.45
13.97
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jun'25
Sep'26
Dec'26
ST Debt
10,363
- -
10,580
LT Borrowings
6,172
- -
4,873
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
9
Market Capitalization
8,954
9,164
9,465

Working Capital

JPY

•

in mil. unless spec.
Jun'25
Sep'26
Dec'26
Total Current Assets
26,675
- -
25,607
Cash, Cash Equivalents & STI
8,246
- -
7,848
Accounts Receivable, Net
2,700
- -
1,120
Inventories
13,277
- -
14,879
Total Current Liabilities
18,051
- -
17,363
Payables & Accruals
- -
- -
- -
ST Debt
10,363
- -
10,580
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.46%
14.89%
10.21%
Free Cash Flow
-55.24%
-70.15%
-178.77%
Net Income, GAAP
16.95%
18.22%
28.83%
Sales/Revenue/Turnover
18.36%
23.72%
85.6%
Total Cash Common Dividend
- -
32.33%
0.5%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,372
11,510
12,110
12,753
47,745
2025
- -
- -
- -
- -
88,614
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20.66
24.69
23.41
50.07
116
2025
- -
- -
- -
- -
158.43
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
42.97
2025
- -
- -
- -
- -
45.78
2026
- -
- -
- -
- -
- -
Business
WILLPLUS Holdings Corporation is a Japan-based holding company primarily engaged in the distribution of imported new and used cars, vehicle maintenance, and non-life insurance agency business. The company operates through six dealerships handling 17 imported car brands including Jeep, BMW, Mini, Volvo, Alfa Romeo, FIAT, ABARTH, Jaguar, Land Rover, and Porsche. Its core products and services encompass new car sales directly purchased from importers; high-year, low-running used car sales for each brand; used car sales from other brands acquired via auto auctions; vehicle maintenance services such as repairs, inspections, and maintenance packages; and the sale of compulsory automobile liability insurances along with optional automobile insurances. The company further extends to vehicle wholesale and export through consolidated subsidiaries. Founded in 2007 and headquartered in Tokyo, Japan, WILLPLUS Holdings Corporation has been actively growing through an M&A strategy aimed at expanding into new areas and acquiring new brands. As part of its recent strategic initiatives within the last two years, the company agreed to acquire a 51% stake in Eng Inc., an acquisition valued at approximately ¥1.6 billion finalized in March 2024. This move complements its existing business expansion and multi-brand strategy focused on improving customer satisfaction and increasing operational scale. The company also completed an equity buyback program in mid-2024, repurchasing 700,000 shares worth around ¥699 million to optimize its capital structure. In recent years, WILLPLUS has placed emphasis on environmental sustainability by greening its dealership operations to contribute to greenhouse gas emissions reduction, aligning with the broader industry shift toward electric vehicles (EVs) and CASE (Connected, Autonomous, Shared, Electric) mobility trends. The group continues to invest capital towards adapting its business model to the accelerating transition to EVs and enhancing its vehicle maintenance business foundation by increasing the share of vehicles serviced through bundled maintenance packages and warranty offerings. These strategic shifts highlight its commitment to securing future growth amid evolving automotive and environmental landscapes. Overall, WILLPLUS Holdings Corporation operates a comprehensive imported automobile retail and service business across Japan, leveraging its multi-brand dealership network, aftersales service capabilities, and insurance agency functions. It sustains growth through ongoing acquisitions, new market entries, and business model evolution in response to industry trends, maintaining a leading position in the imported car distribution and related services sector in Japan. This description reflects the company's core products and services, significant recent changes including acquisitions and equity buybacks, strategic shifts toward EV adaptation and environmental initiatives, as well as its industry positioning and geographic focus as of 2025.