Citizen Watch Co, Ltd. TSE:7762
Citizen Watch : FY2025 Data
Source: MarketScreener
Citizen Watch Co., Ltd. FY2025 Earnings Presentation 2026/5/13
Reference Data (Billion yen) *1 | FY2024 | FY2025 | FY2026 | FY2024 | FY2025 | FY2026 | |||||||||
Annual | Annual 2/12E | Annual | YoY (%) | Annual 5/13E | 1H | 2H | 1H | 2H 2/12E | 2H | YoY (%) | 1H 5/13E | 2H 5/13E | |||
Yen/USD Yen/EURO | 153 164 | 149 173 | 150 174 | (1.8%) ＋5.9% | 150 175 | 154 167 | 152 162 | 146 167 | 151 179 | 154 181 | ＋1.3% ＋11.9% | 150 175 | 150 175 | ||
Net Sales | |||||||||||||||
Watches | 179.2 | 190.0 | 197.0 | ＋10.0% | 201.0 | 85.7 | 93.4 | 89.3 | 100.6 | 107.6 | ＋15.2% | 94.0 | 107.0 | ||
Machine Tools | 74.3 | 84.0 | 86.2 | ＋16.1% | 95.0 | 37.3 | 36.9 | 38.5 | 45.4 | 47.7 | ＋29.4% | 47.5 | 47.5 | ||
Devices and Components *6 | 63.3 | 63.5 | 63.4 | ＋0.2% | 66.0 | 33.3 | 29.9 | 31.3 | 32.1 | 32.1 | ＋7.1% | 34.0 | 32.0 | ||
Total | 316.8 | 337.5 | 346.8 | ＋9.4% | 362.0 | 156.5 | 160.3 | 159.2 | 178.2 | 187.5 | ＋17.0% | 175.5 | 186.5 | ||
Operating profit | |||||||||||||||
Watches | 18.1 | 23.0 | 25.0 | ＋38.1% | 25.5 | 9.6 | 8.5 | 11.7 | 11.2 | 13.3 | ＋56.4% | 11.8 | 13.7 | ||
Machine Tools | 5.6 | 7.5 | 7.7 | ＋36.4% | 11.5 | 3.0 | 2.6 | 2.6 | 4.8 | 5.0 | ＋91.6% | 5.7 | 5.8 | ||
Devices and Components *6 | 2.9 | 3.0 | 3.7 | ＋26.9% | 4.0 | 2.7 | 0.1 | 1.6 | 1.3 | 2.1 | ＋1,034.0% | 2.2 | 1.8 | ||
Eliminations and general corporate | (6.2) | (6.5) | (6.3) | - | (6.5) | (3.1) | (3.0) | (3.0) | (3.4) | (3.2) | - | (3.2) | (3.3) | ||
Total | 20.5 | 27.0 | 30.2 | ＋46.9% | 34.5 | 12.3 | 8.2 | 12.9 | 14.0 | 17.2 | ＋108.9% | 16.5 | 18.0 | ||
Operating Margin | |||||||||||||||
Watches | 10.1% | 12.1% | 12.7% | - | 12.7% | 11.3% | 9.1% | 13.2% | 11.2% | 12.4% | - | 12.6% | 12.8% | ||
Machine Tools | 7.6% | 8.9% | 9.0% | - | 12.1% | 8.1% | 7.2% | 6.9% | 10.6% | 10.6% | - | 12.0% | 12.2% | ||
Devices and Components *6 | 4.7% | 4.7% | 5.9% | - | 6.1% | 8.3% | 0.6% | 5.2% | 4.3% | 6.7% | - | 6.5% | 5.6% | ||
Total | 6.5% | 8.0% | 8.7% | - | 9.5% | 7.9% | 5.2% | 8.2% | 7.9% | 9.2% | - | 9.4% | 9.7% | ||
Other Indicators | |||||||||||||||
Ordinary profit | 23.0 | 33.5 | 38.4 | ＋67.0% | 37.5 | 12.2 | 10.7 | 16.1 | 17.3 | 22.2 | ＋106.9% | 17.5 | 20.0 | ||
Profit attributable to owners of parent | 23.8 | 24.0 | 31.1 | ＋30.3% | 27.5 | 12.2 | 11.5 | 11.8 | 12.1 | 19.2 | ＋65.7% | 13.0 | 14.5 | ||
Capital expenditures | 20.9 | 28.0 | 28.5 | ＋36.8% | 23.0 | 6.7 | 14.2 | 11.9 | 16.0 | 16.6 | ＋17.2% | 9.5 | 13.5 | ||
Depreciation | 13.5 | 14.0 | 14.4 | ＋5.9% | 15.0 | 6.6 | 6.9 | 6.9 | 7.0 | 7.4 | ＋7.5% | 7.0 | 8.0 | ||
R&D expenses | 5.6 | 6.0 | 5.7 | ＋1.8% | 6.0 | 2.8 | 2.8 | 2.9 | 3.0 | 2.8 | ＋0.0% | 3.0 | 3.0 | ||
Advertising expenses | 22.6 | 23.0 | 24.3 | ＋7.9% | 25.5 | 10.5 | 12.0 | 10.5 | 12.4 | 13.8 | ＋15.5% | 12.0 | 13.5 | ||
①Cash and cash equivalents | 93.7 | 105.5 | 83.9 | 93.7 | 95.3 | 105.5 | |||||||||
②Interest-bearing debt | 69.9 | 67.9 | 70.3 | 69.9 | 66.3 | 67.9 | |||||||||
Net cash（①-②） | 23.7 | 37.5 | 13.6 | 23.7 | 28.9 | 37.5 | |||||||||
Cash flow from operating activities | 35.7 | 38.8 | 13.3 | 22.3 | 15.7 | 23.0 | |||||||||
Cash flow from investing activities | (10.0) | (15.4) | (2.5) | (7.5) | (3.0) | (12.4) | |||||||||
Free cash flow | 25.7 | 23.3 | 10.8 | 14.8 | 12.7 | 10.6 | |||||||||
Cash flow from financing activities | (12.5) | (17.6) | (5.8) | (6.6) | (11.6) | (6.0) | |||||||||
Cash & cash equivalents at end of term | 92.5 | 103.9 | 83.2 | 92.5 | 94.9 | 103.9 | |||||||||
Outstanding shares at end of term *2 | 246,000 | 246,000 | 246,000 | 246,000 | 246,000 | 246,000 | |||||||||
Number of treasury stock *2 | 2,131 | 2,006 | 2,130 | 2,131 | 2,004 | 2,006 | |||||||||
Excluding treasury stock *2 | 243,868 | 243,993 | 243,869 | 243,868 | 243,995 | 243,993 | |||||||||
Inventories | 111.2 | 121.9 | 117.2 | 111.2 | 119.2 | 121.9 | |||||||||
Total Assets ROA (Return On Assets) *3 | 415.5 5.7% | 468.3 7.0% | 410.2 | 415.5 | 431.2 | 468.3 | |||||||||
Shareholders' Equity | 255.9 | 293.1 | 245.9 | 255.9 | 263.4 | 293.1 | |||||||||
Shareholders' Equity Ratio ROE (Return On Equity) *4 | 61.6% 9.5% | 62.6% 11.3% | 60.0% | 61.6% | 61.1% | 62.6% | |||||||||
Number of group employees (person) *5 | 14,452 | 14,163 | 14,700 | 14,452 | 14,254 | 14,163 | |||||||||
Japan | 6,407 | 6,339 | 6,468 | 6,407 | 6,412 | 6,339 | |||||||||
Overseas | 8,045 | 7,824 | 8,232 | 8,045 | 7,842 | 7,824 | |||||||||
FY2024 | FY2025 | |||||||||
1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | YoY (%) | ||
Yen/USD Yen/EURO | 155 167 | 153 166 | 150 162 | 154 161 | 146 163 | 147 171 | 153 178 | 155 184 | ＋0.8% ＋14.2% | |
Net Sales | ||||||||||
Watches | 41.6 | 44.1 | 51.7 | 41.7 | 41.5 | 47.8 | 58.2 | 49.4 | ＋18.6% | |
Machine Tools | 17.9 | 19.4 | 18.5 | 18.3 | 18.9 | 19.5 | 23.7 | 24.0 | ＋31.0% | |
Devices and Components *6 | 16.3 | 17.0 | 14.8 | 15.1 | 14.7 | 16.5 | 15.9 | 16.1 | ＋7.0% | |
Total | 75.8 | 80.6 | 85.1 | 75.1 | 75.2 | 83.9 | 97.8 | 89.7 | ＋19.3% | |
Operating profit | ||||||||||
Watches | 3.7 | 5.9 | 6.3 | 2.1 | 4.4 | 7.3 | 8.9 | 4.3 | ＋104.7% | |
Machine Tools | 1.3 | 1.7 | 1.3 | 1.2 | 1.5 | 1.1 | 2.5 | 2.5 | ＋99.6% | |
Devices and Components *6 | 1.2 | 1.5 | 0.3 | (0.1) | 0.4 | 1.2 | 0.9 | 1.2 | - | |
Eliminations and general corporate | (1.5) | (1.5) | (1.3) | (1.6) | (1.6) | (1.4) | (1.5) | (1.7) | - | |
Total | 4.6 | 7.6 | 6.7 | 1.5 | 4.6 | 8.2 | 10.8 | 6.3 | ＋308.9% | |
Operating Margin | ||||||||||
Watches | 8.9% | 13.5% | 12.3% | 5.1% | 10.6% | 15.4% | 15.4% | 8.8% | - | |
Machine Tools | 7.3% | 8.8% | 7.4% | 6.9% | 8.0% | 5.9% | 10.7% | 10.5% | - | |
Devices and Components *6 | 7.4% | 9.2% | 2.3% | (1.0%) | 2.7% | 7.3% | 5.8% | 7.6% | - | |
Total | 6.2% | 9.5% | 7.9% | 2.1% | 6.2% | 9.9% | 11.1% | 7.1% | - | |
Other Indicators | ||||||||||
Ordinary profit | 7.3 | 4.9 | 9.7 | 1.0 | 6.1 | 10.0 | 14.1 | 8.0 | ＋677.9% | |
Profit attributable to owners of parent | 8.5 | 3.7 | 9.9 | 1.6 | 9.1 | 2.6 | 10.3 | 8.8 | ＋431.9% | |
Capital expenditures | 2.5 | 4.2 | 6.3 | 7.8 | 4.6 | 7.3 | 7.1 | 9.4 | ＋21.0% | |
Depreciation | 3.3 | 3.3 | 3.4 | 3.5 | 3.4 | 3.4 | 3.7 | 3.7 | ＋4.7% | |
R&D expenses | 1.4 | 1.4 | 1.3 | 1.4 | 1.5 | 1.4 | 1.3 | 1.4 | (0.3%) | |
- | - | - | - | - | - | - | - | - | - | |
①Cash and cash equivalents | 89.1 | 83.9 | 93.5 | 93.7 | 98.9 | 95.3 | 100.2 | 105.5 | ||
②Interest-bearing debt | 71.5 | 70.3 | 71.2 | 69.9 | 70.0 | 66.3 | 66.4 | 67.9 | ||
Net cash（①-②） | 17.6 | 13.6 | 22.3 | 23.7 | 28.8 | 28.9 | 33.8 | 37.5 | ||
Cash flow from operating activities | 8.6 | 4.7 | 13.1 | 9.1 | 9.9 | 5.8 | 12.3 | 10.6 | ||
Cash flow from investing activities | 1.8 | (4.3) | (2.2) | (5.2) | 1.7 | (4.7) | (6.4) | (6.0) | ||
Free cash flow | 10.4 | 0.4 | 10.9 | 3.8 | 11.6 | 1.0 | 5.9 | 4.6 | ||
Cash flow from financing activities | (5.3) | (0.4) | (5.7) | (0.9) | (6.2) | (5.4) | (5.4) | (0.6) | ||
Cash & cash equivalents at end of term | 88.6 | 83.2 | 92.8 | 92.5 | 97.5 | 94.9 | 99.0 | 103.9 | ||
Outstanding shares at end of term *2 | 246,000 | 246,000 | 246,000 | 246,000 | 246,000 | 246,000 | 246,000 | 246,000 | ||
Number of treasury stock *2 | 2,179 | 2,130 | 2,131 | 2,131 | 2,132 | 2,004 | 2,005 | 2,006 | ||
Excluding treasury stock *2 | 243,820 | 243,869 | 243,868 | 243,868 | 243,867 | 243,995 | 243,994 | 243,993 | ||
Inventories | 121.5 | 117.2 | 117.8 | 111.2 | 114.9 | 119.2 | 120.2 | 121.9 | ||
Total Assets | 432.2 | 410.2 | 431.1 | 415.5 | 418.9 | 431.2 | 456.3 | 468.3 | ||
Shareholders' Equity | 258.1 | 245.9 | 260.8 | 255.9 | 254.4 | 263.4 | 279.2 | 293.1 | ||
Shareholders' Equity Ratio | 59.7% | 60.0% | 60.5% | 61.6% | 60.7% | 61.1% | 61.2% | 62.6% | ||
Number of group employees (person) *5 | 14,870 | 14,700 | 14,571 | 14,452 | 14,452 | 14,254 | 14,150 | 14,163 | ||
Japan | 6,557 | 6,468 | 6,460 | 6,407 | 6,449 | 6,412 | 6,371 | 6,339 | ||
Overseas | 8,313 | 8,232 | 8,111 | 8,045 | 8,003 | 7,842 | 7,779 | 7,824 | ||
*1 All figures which are less than 1 billion yen have been rounded down.
*2 Thousand shares
*3 ROA = "Profit attributable to owners of parent" / "Total Assets(Average of beginning and ending balances)"
*4 ROE = "Profit attributable to owners of parent" / "Shareholders' Equity(Average of beginning and ending balances)"
*5 Includes temporary employees
*6 Devices and components and electronics products will be integrated into one segment from FY2025.