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Wavelock Holdings Co., Ltd.

Wavelock Holdings Co., Ltd.

TTSE:7940
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JPY
- -
- -
Wavelock Holdings Co., Ltd.
TSE:7940
(Tokyo Stock Exchange)

Recent

price

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P/E

ratio

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div

yld

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ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
JPY
2,363.03
2,270.38
2,576.78
2,805.25
2,890.94
3,067.58
3,000.32
2,235.55
2,677.25
2,792.8
3,028.28
2,976.52
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Revenue per Share
98.85
33.14
106.19
161.52
146.36
116.3
244.82
69.73
275.18
54.09
61.69
35.77
- -
Basic EPS, GAAP
15.35
-23.27
94.62
112.22
66.63
233.2
126.24
-81.83
-132.14
-121.9
102.15
-4.35
- -
Free Cash Flow per Basic Share
- -
- -
- -
12.05
30.5
29.16
29.89
31.36
30.12
30.14
30.09
15.05
- -
Dividend per Share
525.08
860.98
914.16
1,067.17
1,180.94
1,263.78
1,457.83
1,626.42
1,870.92
1,902.17
1,968.36
1,969.94
1,969.94
Book Value per Share
516.5
838.9
888.84
1,029.43
1,137.3
1,230.38
1,432.68
1,600.35
1,828.16
1,866.28
1,935.48
1,929.09
1,929.09
Tangible Book Value per Share
10
11
10
10
10
10
10
9
8
8
8
8
8
Basic Weighted Avg Shares
24,656
25,056
26,886
27,702
28,230
29,251
29,248
21,003
22,585
23,560
25,567
25,137
- -
Sales/Revenue/Turnover
3.71
2.96
5.06
6.62
5.39
5.55
5.09
3.09
1.53
1.65
1.59
1.77
- -
Operating Margin (%)
424
372
951
1,001
1,013
1,090
1,079
569
677
800
808
919
- -
Depreciation Expense
1,031
366
1,108
1,595
1,429
1,109
2,387
655
2,321
456
521
302
- -
Net Income, GAAP
- -
38.3
28.28
25.59
26.71
33.93
30
25.84
24.26
30.45
23.41
38.57
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Effective Tax Rate (%)
4.18
1.46
4.12
5.76
5.06
3.79
8.16
3.12
10.28
1.94
2.04
1.2
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Profit Margin (%)
2,931
3,309
4,674
5,597
5,417
6,790
10,205
7,866
8,956
10,458
11,068
9,786
9,786
Working Capital
5,517
5,064
5,954
5,495
4,930
4,946
2,617
1,322
639
2,750
3,809
2,995
2,995
LT Debt
9,051
8,425
8,958
10,669
11,277
12,078
14,290
13,762
15,834
16,112
16,703
16,734
16,734
Total Equity
- -
2.19
4.89
6.56
5.23
5.09
5.14
2.55
1.39
1.3
1.41
1.2
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Return on Invested Capital (%)
- -
2.14
5.91
8.11
7.06
5.58
12.27
3.62
12.54
2.3
2.5
1.45
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Return on Capital (%)
- -
4.2
12.81
16.31
13.05
9.51
18.14
4.68
15.74
2.87
3.19
1.82
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Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Sep'25
Sep'26
Mar'26
ST Debt
1,383
1,649
3,461
LT Borrowings
3,830
3,278
2,976
LT Finance Leases
- -
- -
19
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
- -
- -
- -

Working Capital

JPY

•

in mil. unless spec.
Sep'25
Sep'26
Mar'26
Total Current Assets
18,187
17,321
18,076
Cash, Cash Equivalents & STI
3,747
3,347
4,116
Accounts Receivable, Net
5,713
3,347
3,659
Inventories
7,927
8,020
7,851
Total Current Liabilities
6,770
6,803
8,290
Payables & Accruals
- -
- -
- -
ST Debt
1,383
1,649
3,461
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.35%
3.39%
0.18%
Free Cash Flow
-72.97%
-82.67%
-104.26%
Net Income, GAAP
40.29%
14.72%
-41.99%
Sales/Revenue/Turnover
0.64%
-1.9%
-1.68%
Total Cash Common Dividend
- -
-12.53%
-49.99%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,129
5,645
5,532
6,254
23,560
2025
- -
- -
- -
- -
25,567
2026
- -
- -
- -
- -
25,137

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
36.31
14.32
13.55
-10.08
54.09
2025
- -
- -
- -
- -
61.69
2026
- -
- -
- -
- -
35.77

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
30.14
2025
- -
- -
- -
- -
30.09
2026
- -
- -
- -
- -
15.05
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Business
Wavelock Holdings Co., Ltd. is a Japan-based holding company primarily engaged in the manufacture and sale of composite materials derived from plastic, fiber, and paper through its subsidiaries, providing interior, material, and technology solutions in Japan and internationally. Founded in 1964 and headquartered in Tokyo, the company operates across four main business segments: interior materials including wallpaper products such as anti-allergen functional wallpaper recommended by the Japan Atopic Association, smoke-proof vertical walls, and related safety solutions for construction and residential use; weaving and net products encompassing insect-proof nets for homes and rehabilitation, agricultural nets, civil engineering materials, screen doors, gardening supplies, and DIY goods; industrial and packaging materials featuring plastic sheets and films for construction curing, warehouse partitions, food packaging like bento boxes using micro-foam molding and non-oil-derived alternatives for sustainability, electronic components, and tent materials; and advanced technology solutions such as metallic decorative films, glitter tapes, functional films and sheets, and opening tapes applied in automotive parts including door handles, backup cameras, and interiors to reduce weight and enable radio wave transmission for IoT sensors, with sales offices in Detroit, USA, and Düsseldorf, Germany. The company also engages in geothermal heat-related equipment construction, civil engineering, pipe work, water supply facilities, electrical works, and imports synthetic resins and miscellaneous materials. In October 2025, Wavelock Group Co., Ltd. proposed to acquire Wavelock Holdings for ¥7.8 billion at ¥921 per share in a tender offer requiring a minimum 66.67% acceptance, expected to complete by December 16, 2025, with Kotaro Shimada continuing as an executive officer post-transaction, marking a significant ownership shift subject to Tokyo Stock Exchange supervision.