Watts Co., Ltd.
Notice Regarding Formulation of Medium-Term Management Plan
Alongside the establishment of the 2035 Vision, Watts Co., Ltd. has formulated its First Medium-Term Management Plan with FY2029 as the final fiscal year. Revenue targets: FY2026 (ending Aug) 64,504 million yen → FY2029 70,000 million yen → FY2035 100,000 million yen. Operating income: 1,645 million yen → 2,300 million yen → 5,000 million yen. ROE: 8.5% → 8.9% → 13.7%. Business strategies focus on store and product differentiation, strengthening e-commerce, building new businesses and restructuring overseas operations, DX and organizational enhancement. Financial strategy emphasizes improving capital efficiency and strengthening shareholder returns through dividend policy and share buybacks.
Key Figures
- Revenue: 64,504 million yen → 70,000 million yen → 100,000 million yen
- Operating Income: 1,645 million yen → 2,300 million yen → 5,000 million yen
- ROE: 8.5% → 8.9% → 13.7%
AI要約
Key Points of Long-Term Strategy and Medium-Term Plan
Watts Co., Ltd. has set the 2035 Vision and established quantitative long-term targets of 100,000 million yen in revenue and a 5% operating margin. The three-year period from the actual results for the fiscal year ending August 2026 to the fiscal years ending August 2029 and August 2035 is positioned as a foundation-building period. The company will integrate and promote business strategy, management strategy, and financial strategy. Six priority strategies will be advanced: store differentiation, product differentiation, maximizing brand value, maximizing e-commerce value proposition, building new businesses, and restructuring overseas operations.
Shareholder Returns and Financial Base
The financial strategy emphasizes improving capital efficiency and presents a target to expand the equity spread to 3.2%. Assuming the generation of operating cash flow, the company will pursue appropriate shareholder returns and agile financing, and will consider long-term dividends and use of treasury stock.
Watts Co., Ltd.
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