Watahan & Co., Ltd. (JP:3199)
:3199
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Watahan & Co., Ltd.
(3199)
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Rating:58Neutral
Price Target:
¥1,452.00
▼(-2.02% Downside)
Action:Reiterated
Date:05/12/26
The score is anchored by mixed fundamentals: stable business performance and improving earnings are offset by thin margins and notably inconsistent cash generation. Weak technical signals (below major moving averages with negative momentum) further weigh on the score, while the low P/E and dividend yield provide a meaningful valuation backstop.
Positive Factors
Stable revenue and improving net income
Revenue has shown resilience across the cycle with a rebound in 2023 and renewed growth in 2025–2026, while net income trends have improved. This consistency supports predictability in the core retail business and reduces execution risk over the next several months.
Negative Factors
Thin net margins
A persistent net margin around 1–2% leaves limited buffer against cost inflation, supplier or wage pressure, and execution missteps. Such thin profitability constrains reinvestment, amplifies earnings volatility, and raises the bar for operational improvements to drive durable EPS gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable revenue and improving net income
Revenue has shown resilience across the cycle with a rebound in 2023 and renewed growth in 2025–2026, while net income trends have improved. This consistency supports predictability in the core retail business and reduces execution risk over the next several months.
Read all positive factors
Watahan & Co., Ltd. (3199) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥26.21B
Dividend Yield1.66%
Average Volume (3M)30.81K
Price to Earnings (P/E)9.9
Beta (1Y)0.51
Revenue Growth1.39%
EPS Growth6.27%
CountryJP
Employees1,584
SectorConsumer Cyclical
Sector Strength84
IndustryHome Improvement
Share Statistics
EPS (TTM)106.43
Shares Outstanding19,958,940
10 Day Avg. Volume21,680
30 Day Avg. Volume30,813
Financial Highlights & Ratios
PEG Ratio2.28
Price to Book (P/B)1.13
Price to Sales (P/S)0.20
P/FCF Ratio-58.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Watahan & Co., Ltd. Business Overview & Revenue Model
Company Description
Watahan & Co.,Ltd. operates a diverse range of businesses across Japan, primarily encompassing retail, construction, and trading activities. Within its retail segment, the company manages a network of home improvement supercenters, general home im...
How the Company Makes Money
Watahan & Co., Ltd. primarily makes money by selling products to customers through its retail operations, recognizing revenue at the point of sale. Key revenue streams include merchandise sales from its stores (e.g., consumer goods sold through it...
Watahan & Co., Ltd. Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
62
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 134.18B | 135.45B | 133.59B | 128.07B | 134.30B | 114.50B |
| Gross Profit | 27.29B | 28.01B | 28.03B | 27.39B | 27.59B | 25.04B |
| EBITDA | 5.66B | 3.32B | 5.75B | 5.28B | 5.19B | 5.12B |
| Net Income | 2.11B | 2.13B | 2.08B | 1.85B | 1.65B | 2.20B |
Balance Sheet | ||||||
| Total Assets | 78.26B | 82.99B | 79.43B | 79.27B | 84.20B | 69.55B |
| Cash, Cash Equivalents and Short-Term Investments | 4.88B | 5.37B | 3.96B | 3.83B | 3.09B | 4.54B |
| Total Debt | 26.79B | 29.55B | 26.68B | 20.04B | 29.86B | 22.40B |
| Total Liabilities | 54.89B | 58.40B | 56.19B | 56.48B | 62.95B | 50.21B |
| Stockholders Equity | 23.37B | 24.36B | 23.24B | 22.79B | 21.25B | 19.35B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -473.00M | -4.74B | 10.85B | -7.25B | -4.76B |
| Operating Cash Flow | 0.00 | 897.00M | -2.88B | 12.47B | -3.65B | -1.63B |
| Investing Cash Flow | 0.00 | -1.25B | -1.83B | -2.17B | -3.96B | -4.01B |
| Financing Cash Flow | 0.00 | 1.31B | 4.86B | -9.48B | 6.16B | 4.79B |
Watahan & Co., Ltd. Technical Analysis
Negative
1482.00
Price Trends
1388.70
Negative
1409.42
Negative
1442.03
Negative
Market Momentum
-17.39
Negative
43.29
Neutral
48.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3199, the sentiment is Negative. The current price of 1482 is above the 20-day moving average (MA) of 1326.65, above the 50-day MA of 1388.70, and above the 200-day MA of 1442.03, indicating a bearish trend. The MACD of -17.39 indicates Negative momentum. The RSI at 43.29 is Neutral, neither overbought nor oversold. The STOCH value of 48.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3199.
Watahan & Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥132.55B | 13.36 | ― | 3.43% | 0.61% | 8.76% | |
63 Neutral | ¥128.05B | 9.15 | ― | 2.85% | 3.66% | -12.27% | |
62 Neutral | ¥171.98B | 10.80 | ― | 1.58% | 1.63% | 7.24% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ¥26.21B | 9.94 | ― | 1.66% | 1.39% | 6.27% | |
54 Neutral | ¥204.43B | 12.26 | ― | 2.83% | -0.42% | -0.30% | |
52 Neutral | ¥59.84B | 231.28 | 0.36% | 2.78% | -3.62% | 146.18% |
* Consumer Cyclical Sector Average
JP:3199
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Watahan & Co., Ltd. Corporate Events
Watahan reports April sales decline amid major store renovations
May 11, 2026
Watahan Co., Ltd., a Japanese retailer of household goods and daily necessities listed on the Prime Market, reported monthly performance data for its retail operations, including both brick-and-mortar and e-commerce sales. The company tracks all-...
Watahan Books ¥758 Million Impairment on Substandard Pharma Ingredients
May 11, 2026
Watahan Co., Ltd., a Prime Market-listed Japanese company engaged in active pharmaceutical ingredients through its subsidiary Watahan Trading, has reported a significant financial impact tied to product quality issues. The disclosure underscores ...
Watahan & Co. Holds Dividend at ¥30, Signals Increase to ¥31 Next Fiscal Year
May 11, 2026
Watahan Co., Ltd. has approved a year-end dividend of ¥30 per share for the fiscal year ended March 31, 2026, matching its previous forecast and slightly above the prior year’s ordinary payout. The total dividend distribution will be &...
Watahan Posts Higher Profits and Stronger Balance Sheet for FY March 2026
May 11, 2026
Watahan Co., Ltd. reported consolidated net sales of ¥135.45 billion for the fiscal year ended March 2026, a 1.4% increase from the previous year, with operating profit rising 2.8% to ¥3.60 billion and ordinary profit up 2.4% to ¥3...
Watahan’s March Sales Dip as Store Renovations Offset Strong DIY Demand
Apr 10, 2026
Watahan Co., Ltd. reported monthly retail trends for the fiscal year ending March 2026, showing that overall sales for all stores in March were 93.2% of the prior-year level, with customer numbers at 95.2% and average spending at 97.9%. Existing-...
Watahan February Sales Hit by Warm Winter and Store Renovations
Mar 10, 2026
Watahan Co., Ltd., a Japanese retailer operating both brick-and-mortar and e-commerce channels, reported monthly performance trends for its retail business for the fiscal year ending March 2026, including comparative data versus the previous year...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.