Watanabe Sato Co., Ltd. logo

Watanabe Sato Co., Ltd.

1807.T

JPXIndustrialsEngineering & Construction

Latest quote

¥1,881

−¥5.00 · -0.27%

Aug 24, 9:15 AM JSTData delayed

1807.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Watanabe Sato Co., Ltd. offers a comprehensive suite of civil engineering services, spanning initial investigation, research, and strategic planning through design, project contracting, supervision, and expert technical consultation. The company provides a diverse range of specialized materials and innovative construction methodologies, including advanced paving options like permeable concrete, asphalt mixtures, block systems, and resin pavements, alongside green infrastructure solutions such as turf and vegetation blocks, and materials for sports facilities. Their expertise also covers crucial environmental and infrastructure needs, offering systems for rainwater management (storage, infiltration, and runoff control) and ecological protection methods like multi-natural bank stabilization. Furthermore, they specialize in disaster prevention, emergency maintenance, and various repair and upkeep techniques, including surface chipping, treatments, and protective coating applications. Beyond its core engineering work, Watanabe Sato actively manufactures and distributes construction materials. The company also designs, produces, leases, and sells specialized construction machinery. Its operations extend to industrial waste processing and a comprehensive range of real estate activities, encompassing acquisition, leasing, brokerage, sales, and property management. Established in 1923, the firm is headquartered in Tokyo, Japan.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
JP
CEO
Shuji Kamata
Listed since
Sep 27, 1993
Employees
537

Market position

52-week range

Current ¥1,881

Open
¥1,881
Previous close
¥1,886
Volume
200
0.03× average
Average volume
5.82K
Average daily volume
Market cap
11.74B JPY
Beta
0.29
Market reference 1
50-day average
¥1,847.28
+1.83% above average
200-day average
¥1,883.99
-0.16% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.07B JPY
P/E (TTM)
15.17×
P/B (TTM)
0.53×
P/S (TTM)
0.36×
EV / EBITDA
4.41×
Earnings yield
7.09%
Free cash flow yield
38.42%
Dividend yield
4.25%

Profitability & efficiency

Gross margin
10.61%
Operating margin
3.03%
Net margin
2.40%
Return on equity
3.87%
Return on assets
2.70%
Return on invested capital
2.77%

Financial health

Debt / equity
Current ratio
2.55×
Altman Z-score
3.15
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends13%9%5%0%Gross margin, FY2021: 12.02%Gross margin, FY2022: 7.82%Gross margin, FY2023: 10.35%Gross margin, FY2024: 8.55%Gross margin, FY2025: 10.24%Operating margin, FY2021: 6.65%Operating margin, FY2022: 1.79%Operating margin, FY2023: 4.31%Operating margin, FY2024: 2.91%Operating margin, FY2025: 3.18%Net margin, FY2021: 4.61%Net margin, FY2022: 1.29%Net margin, FY2023: 3.13%Net margin, FY2024: 2.21%Net margin, FY2025: 2.62%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 12.02%. Gross margin FY2022 7.82%. Gross margin FY2023 10.35%. Gross margin FY2024 8.55%. Gross margin FY2025 10.24%. Operating margin FY2021 6.65%. Operating margin FY2022 1.79%. Operating margin FY2023 4.31%. Operating margin FY2024 2.91%. Operating margin FY2025 3.18%. Net margin FY2021 4.61%. Net margin FY2022 1.29%. Net margin FY2023 3.13%. Net margin FY2024 2.21%. Net margin FY2025 2.62%.

Income trends

Revenue

33.7B JPY-16.62%

Operating income

1.07B JPY-9.06%

Net income

883.49M JPY-0.91%
Income trends across reported periods44.42B JPY28.43B JPY12.44B JPY−3.55B JPYRevenue, FY2021: 37.45B JPYRevenue, FY2022: 34.66B JPYRevenue, FY2023: 38.4B JPYRevenue, FY2024: 40.42B JPYRevenue, FY2025: 33.7B JPYOperating income, FY2021: 2.49B JPYOperating income, FY2022: 620.34M JPYOperating income, FY2023: 1.66B JPYOperating income, FY2024: 1.18B JPYOperating income, FY2025: 1.07B JPYNet income, FY2021: 1.73B JPYNet income, FY2022: 446.67M JPYNet income, FY2023: 1.2B JPYNet income, FY2024: 891.64M JPYNet income, FY2025: 883.49M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 37.45B JPY. Revenue FY2022 34.66B JPY. Revenue FY2023 38.4B JPY. Revenue FY2024 40.42B JPY. Revenue FY2025 33.7B JPY. Operating income FY2021 2.49B JPY. Operating income FY2022 620.34M JPY. Operating income FY2023 1.66B JPY. Operating income FY2024 1.18B JPY. Operating income FY2025 1.07B JPY. Net income FY2021 1.73B JPY. Net income FY2022 446.67M JPY. Net income FY2023 1.2B JPY. Net income FY2024 891.64M JPY. Net income FY2025 883.49M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue33.7B JPY40.42B JPY38.4B JPY34.66B JPY37.45B JPY
Cost of goods sold30.25B JPY36.97B JPY34.42B JPY31.95B JPY32.95B JPY
Gross profit3.45B JPY3.46B JPY3.98B JPY2.71B JPY4.5B JPY
Research and development58.85M JPY61M JPY60.89M JPY58.04M JPY
Selling, general, and administrative2.38B JPY2.22B JPY2.26B JPY2.03B JPY1.95B JPY
Operating expenses2.38B JPY2.28B JPY2.32B JPY2.09B JPY2.01B JPY
Interest income2.1M JPY1.04M JPY965K JPY1.15M JPY
Interest expense18.32M JPY16.49M JPY10.48M JPY6.88M JPY10.97M JPY
Depreciation and amortization646.44M JPY662.76M JPY569M JPY560.43M JPY
Operating income1.07B JPY1.18B JPY1.66B JPY620.34M JPY2.49B JPY
Net income883.49M JPY891.64M JPY1.2B JPY446.67M JPY1.73B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-30.7

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates129.7172.2814.85-42.58Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 7, 2024: actual 3.1, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 7, 2025: actual 65.5, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 117.83, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual -13.2, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 16.68, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 9, 2026: actual 56.76, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 11, 2026: actual 81.34, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual -30.7, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates14.07B11.11B8.15B5.19BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 7, 2024: actual 8.91B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 7, 2025: actual 10.83B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 13.46B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 7.32B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 7.84B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 9, 2026: actual 7.89B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 11, 2026: actual 10.65B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 5.8B JPY, estimate —, surprise —, Comparison unavailable.

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