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West Holdings Corporation logo

West Holdings Corporation

1407.T

JPXUtilitiesIndependent Power Producers

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Latest quote

¥2,855

+¥10.00 · +0.35%

Aug 24, 1:24 PM JST

1407.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

West Holdings Corporation, together with its subsidiaries, engages in the renewable energy business in Japan and internationally. It operates and maintains solar power generation and wind power generation. The company also generates and sells solar power to housing. In addition, it engages in energy-saving and green power businesses. The company was founded in 1981 and is headquartered in Hiroshima, Japan.

Industry
Independent Power Producers
Sector
Utilities
Headquarters
JP
CEO
Takashi Kikkawa
Listed since
Jun 24, 2004
Employees
341

Market position

Day range

Current ¥2,855

52-week range

Current ¥2,855

Open
¥2,795
Previous close
¥2,845
Volume
257.5K
0.35× average
Average volume
730.21K
Average daily volume
Market cap
113.23B JPY
Beta
0.73
Market reference 1
50-day average
¥2,510.08
+13.74% above average
200-day average
¥2,057.32
+38.77% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
124.48B JPY
P/E (TTM)
16.41×
P/B (TTM)
3.23×
P/S (TTM)
2.07×
EV / EBITDA
10.75×
Earnings yield
8.13%
Free cash flow yield
0.31%
Dividend yield
3.50%

Profitability & efficiency

Gross margin
34.15%
Operating margin
20.59%
Net margin
12.63%
Return on equity
14.79%
Return on assets
3.60%
Return on invested capital
4.64%

Financial health

Debt / equity
2.66×
Current ratio
2.25×
Altman Z-score
1.88
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends40%28%15%3%Gross margin, FY2021: 24.52%Gross margin, FY2022: 21.50%Gross margin, FY2023: 35.11%Gross margin, FY2024: 36.76%Gross margin, FY2025: 34.17%Operating margin, FY2021: 14.97%Operating margin, FY2022: 11.60%Operating margin, FY2023: 19.48%Operating margin, FY2024: 21.05%Operating margin, FY2025: 18.48%Net margin, FY2021: 9.56%Net margin, FY2022: 6.34%Net margin, FY2023: 13.76%Net margin, FY2024: 13.41%Net margin, FY2025: 11.34%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 24.52%. Gross margin FY2022 21.50%. Gross margin FY2023 35.11%. Gross margin FY2024 36.76%. Gross margin FY2025 34.17%. Operating margin FY2021 14.97%. Operating margin FY2022 11.60%. Operating margin FY2023 19.48%. Operating margin FY2024 21.05%. Operating margin FY2025 18.48%. Net margin FY2021 9.56%. Net margin FY2022 6.34%. Net margin FY2023 13.76%. Net margin FY2024 13.41%. Net margin FY2025 11.34%.

Income trends

Revenue

47.25B JPY-6.23%

Operating income

8.73B JPY-17.68%

Net income

5.36B JPY-20.73%
Income trends across reported periods74.31B JPY48.83B JPY23.36B JPY−2.11B JPYRevenue, FY2021: 67.94B JPYRevenue, FY2022: 67.17B JPYRevenue, FY2023: 43.73B JPYRevenue, FY2024: 50.39B JPYRevenue, FY2025: 47.25B JPYOperating income, FY2021: 10.17B JPYOperating income, FY2022: 7.79B JPYOperating income, FY2023: 8.52B JPYOperating income, FY2024: 10.61B JPYOperating income, FY2025: 8.73B JPYNet income, FY2021: 6.5B JPYNet income, FY2022: 4.26B JPYNet income, FY2023: 6.02B JPYNet income, FY2024: 6.76B JPYNet income, FY2025: 5.36B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 67.94B JPY. Revenue FY2022 67.17B JPY. Revenue FY2023 43.73B JPY. Revenue FY2024 50.39B JPY. Revenue FY2025 47.25B JPY. Operating income FY2021 10.17B JPY. Operating income FY2022 7.79B JPY. Operating income FY2023 8.52B JPY. Operating income FY2024 10.61B JPY. Operating income FY2025 8.73B JPY. Net income FY2021 6.5B JPY. Net income FY2022 4.26B JPY. Net income FY2023 6.02B JPY. Net income FY2024 6.76B JPY. Net income FY2025 5.36B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue47.25B JPY50.39B JPY43.73B JPY67.17B JPY67.94B JPY
Cost of goods sold31.11B JPY31.87B JPY28.38B JPY52.73B JPY51.28B JPY
Gross profit16.15B JPY18.52B JPY15.36B JPY14.44B JPY16.66B JPY
Research and development—6M JPY12M JPY5M JPY15M JPY
Selling, general, and administrative7.44B JPY7.92B JPY6.84B JPY6.67B JPY6.5B JPY
Operating expenses7.41B JPY7.91B JPY6.84B JPY6.65B JPY6.49B JPY
Interest income41M JPY10M JPY2M JPY2M JPY4M JPY
Interest expense1.09B JPY733M JPY609M JPY455M JPY414M JPY
Depreciation and amortization2.72B JPY2.34B JPY2.17B JPY1.43B JPY1.45B JPY
Operating income8.73B JPY10.61B JPY8.52B JPY7.79B JPY10.17B JPY
Net income5.36B JPY6.76B JPY6.02B JPY4.26B JPY6.5B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
13%
1 beat, 7 misses, 0 met estimates
Average EPS surprise
-49.49%
8 comparable reports
Latest EPS result
49.39

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates128.280.4132.61-15.18Q4 '24BeatQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26No estimateQ2 '26No estimateQ3 '26No estimate
Q4 2024, reported Oct 15, 2024: actual 103.5, estimate 83.94, surprise +23.30%, Beat. Q1 2025, reported Jan 10, 2025: actual -3.08, estimate 40.34, surprise -107.64%, Miss. Q2 2025, reported Apr 10, 2025: actual 16.84, estimate 30.26, surprise -44.35%, Miss. Q3 2025, reported Jul 10, 2025: actual 5.77, estimate 83.21, surprise -93.07%, Miss. Q4 2025, reported Oct 13, 2025: actual 115.51, estimate 118.31, surprise -2.37%, Miss. Q1 2026, reported Jan 14, 2026: actual -5.29, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 14, 2026: actual 14.31, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 15, 2026: actual 49.39, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates26.87B19.33B11.79B4.25BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 10, 2025: actual 5.27B JPY, estimate 7.14B JPY, surprise -26.26%, Miss. Q2 2025, reported Apr 10, 2025: actual 9.6B JPY, estimate 11.07B JPY, surprise -13.22%, Miss. Q3 2025, reported Jul 10, 2025: actual 7.13B JPY, estimate 12B JPY, surprise -40.56%, Miss. Q4 2025, reported Oct 13, 2025: actual 25.25B JPY, estimate 23B JPY, surprise +9.78%, Beat. Q1 2026, reported Jan 14, 2026: actual 5.85B JPY, estimate 5B JPY, surprise +16.94%, Beat. Q2 2026, reported Apr 14, 2026: actual 9.33B JPY, estimate 10.15B JPY, surprise -8.08%, Miss. Q3 2026, reported Jul 15, 2026: actual 14.16B JPY, estimate 14B JPY, surprise +1.14%, Beat. Q4 2026, reported Oct 9, 2026: actual —, estimate 23.13B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥65.00

2025 complete year+30.0% since 2021

2026 partial: ¥35.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 28, 2026

¥35.00

Semi-Annual

Record Aug 31, 2026 · Payment Aug 28, 2026

Dividend

Ex-dividend Feb 26, 2026

¥35.00

Semi-Annual

Record Feb 28, 2026 · Payment May 1, 2026

Dividend

Ex-dividend Aug 28, 2025

¥65.00

Annual

Record Aug 31, 2025 · Payment Nov 27, 2025

Dividend

Ex-dividend Aug 29, 2024

¥65.00

Annual

Record Aug 31, 2024 · Payment Nov 27, 2024

Dividend

Ex-dividend Aug 30, 2023

¥55.00

Annual

Record Aug 31, 2023 · Payment Nov 24, 2023

Dividend

Ex-dividend Aug 30, 2022

¥55.00

Annual

Record Aug 31, 2022 · Payment Nov 24, 2022

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ETFs holding 1407.T

Funds reporting this stock among their holdings, ordered by reported position size.

Invesco Solar ETF logoInvesco Solar ETFTAN
Market value
17.09M
Weight
1.32%
AUM
1.28B USD
Expense ratio
0.70%
Price / 1D
$49.32-0.82%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
4.69M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
3.25M
Weight
0.00%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
2.44M
Weight
0.00%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
Invesco Global Clean Energy ETF logoInvesco Global Clean Energy ETFPBD
Market value
1.82M
Weight
0.96%
AUM
190.34M USD
Expense ratio
0.75%
Price / 1D
$18.04-0.17%
Dimensional - International Small Cap ETF logoDimensional - International Small Cap ETFDFIS
Market value
1.68M
Weight
0.03%
AUM
5.91B USD
Expense ratio
0.39%
Price / 1D
$37.545+0.71%
Vanguard FTSE All-World ex-US Small-Cap ETF logoVanguard FTSE All-World ex-US Small-Cap ETFVSS
Market value
1.3M
Weight
0.01%
AUM
13.6B USD
Expense ratio
0.06%
Price / 1D
$160.06+0.43%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
1.29M
Weight
0.01%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%

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