Company profile

West Holdings corporation

EDINET
E00327
Securities
1407
Industry
Construction
Latest annual securities report
2025-11-25 Annual Securities Report PDF HTML
Latest financial report
2026-04-14 Semiannual Securities Report PDF HTML
Latest filing
—
Compare this company

Industry position

Construction

View details
Profitability Very strong Current Top 7% 5-year trend Broadly stable
Financial strength Weak Based on Equity ratio Current Bottom 5% 5-year trend Broadly stable
Growth Weak Current Bottom 17% 5-year trend Deteriorating
Cash generation Average Current Top 50% 5-year trend Broadly stable

Latest half-year results

H1 FY2026

2025/09/01 - 2026/02/28

Consolidated · Japanese GAAP · Cumulative YTD

For H1 FY2026, revenue was ¥15.18 billion, up 2.1% year over year. Operating income was ¥1.3 billion, down 9.5% year over year. Net income was ¥368 million, down 34.4% year over year.

Revenue ¥15.18B up 2.1% year over year
Operating income ¥1.3B down 9.5% year over year
Net income ¥368M down 34.4% year over year
Operating cash flow ¥10.37B
Free cash flow ¥10.3B
Total assets ¥146.04B

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2025

Consolidated Japanese GAAP

Revenue reached ¥47.25 billion, down 6.2% year over year. Operating income was ¥8.65 billion, down 18.4% year over year. Operating margin was 18.3%. Net income was ¥5.36 billion, down 20.7% year over year. ROE was 14.7%; equity ratio was 24.4%; free cash flow was -¥2.2 billion.

Revenue ¥47.25B down 6.2% year over year
Operating income ¥8.65B down 18.4% year over year
Net income ¥5.36B down 20.7% year over year
Total assets¥148.55B
Total equity—
Operating cash flow¥3.26B
Free cash flow-¥2.2B

Industry position details

Construction

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Very strong

Operating margin Top 5% / ROE Top 19%

Financial strength Weak
Based on Equity ratio

Equity ratio Bottom 100%

Growth Weak

Revenue growth Bottom 81% / 3-year revenue CAGR Bottom 95%

Cash generation Average

Operating cash flow margin Top 32% / Free cash flow margin Bottom 78%

Profitability Industry position history Broadly stable
2025 Top 10% 2024 Top 2% 2023 Top 3% 2022 Top 8% 2021 Top 3%
Financial strength Industry position history Broadly stable
2025 Bottom 5% 2024 Bottom 5% 2023 Bottom 4% 2022 Bottom 4% 2021 Bottom 5%
Growth Industry position history Deteriorating
2025 Bottom 7% 2024 Bottom 42% 2023 Bottom 2% 2022 Top 47% 2021 Top 14%
Cash generation Industry position history Broadly stable
2025 Bottom 48% 2024 Bottom 18% 2023 Top 19% 2022 Bottom 9% 2021 Top 44%
Profitability Operating margin 18.3% Industry median 6.2% Top 5% Comparison sample 22
Profitability ROE 14.7% Industry median 9.0% Top 19% Comparison sample 22
Financial strength Equity ratio 24.4% Industry median 56.1% Bottom 100% Comparison sample 22
Growth Revenue growth -6.2% Industry median +4.8% Bottom 81% Comparison sample 21
Growth 3-year revenue CAGR -11.1% Industry median +6.3% Bottom 95% Comparison sample 20
Cash generation Operating cash flow margin 6.9% Industry median 4.1% Top 32% Comparison sample 22
Cash generation Free cash flow margin -4.6% Industry median 2.5% Bottom 78% Comparison sample 22

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2025 Consolidated Japanese GAAP 47250000000 8646000000 7961000000 5357000000 5357000000 5695000000 148546000000 112008000000 36537000000 35890000000 36537000000 3263000000 -5459000000 10064000000 -2196000000 35707000000 135.09 12.0 1621.080 74614240247.040 913.4 46027488 0.2459642131 0.244 0.1466184963 0.0360629031 0.182984127 0.1684867725 0.1133756614 0.0690582011 -0.0464761905 -0.0623139512 -0.18410871 -0.2003816794 -0.2071925411 0.1799010302 0.0939549088 5.5919191919 0.4761036468 2.1752890342 0.7787405542 0.2835933568 -0.1932998925 0.0 -0.027100271 359
FY2024 Consolidated Japanese GAAP 50390000000 10597000000 9956000000 6757000000 6757000000 7000000000 125897000000 92497000000 33399000000 33090000000 33399000000 495000000 -10420000000 -8563000000 -9925000000 27818000000 167.46 16.2 2712.852 124865762875.776 837.93 46027488 0.2652882912 0.264 0.2023114465 0.0536708579 0.2102996626 0.1975788847 0.1340940663 0.0098233777 -0.1969636833 0.1521928019 0.2468525709 0.2488710487 0.1231715426 0.0169221822 0.0635608063 -0.9326072158 -0.9353640416 -1.5172455452 -6.0611932687 -0.3986987441 0.1317158884 0.0 -0.016 369
FY2023 Consolidated Japanese GAAP 43734000000 8499000000 7972000000 6016000000 6016000000 6080000000 123802000000 92399000000 31403000000 31337000000 31403000000 7345000000 -5384000000 16555000000 1961000000 46263000000 147.97 19.1 2826.227 130084129327.776 771.95 46027488 0.2536550298 0.254 0.1915740534 0.0485937222 0.1943339278 0.1822838066 0.1375588787 0.167947135 0.0448392555 -0.3488960681 0.0938223938 0.0931029755 0.4132017853 0.2207103276 0.1397720674 2.5119390696 -0.1519041506 4.6811942347 1.2057280739 0.6696019344 0.4131410563 0.0 0.0445682451 375
FY2022 Consolidated Japanese GAAP 67169000000 7770000000 7293000000 4257000000 4257000000 4285000000 101418000000 73865000000 27552000000 27550000000 27552000000 -4858000000 -4674000000 2914000000 -9532000000 27709000000 104.71 42.4 4439.704 204348422583.552 677.18 46027488 0.2716677513 0.272 0.1545078397 0.0419747974 0.1156783635 0.1085768733 0.0633774509 -0.0723250309 -0.1419107029 -0.0113191439 -0.2343318881 -0.2440920398 -0.3445727483 0.0425584408 0.0876791283 -1.9475326702 -0.1577904384 -0.1209653092 -9.7449541284 -0.1933098489 -0.3443331246 0.0 0.0375722543 359
FY2021 Consolidated Japanese GAAP 67938000000 10148000000 9648000000 6495000000 6495000000 6476000000 97278000000 71946000000 25331000000 25356000000 25331000000 5127000000 -4037000000 3315000000 1090000000 34349000000 159.7 30.7 4902.79 225663107891.52 622.66 46027488 0.2603980345 0.26 0.2564051952 0.0667674089 0.1493714858 0.1420118343 0.0956018723 0.0754658659 0.0160440402 0.0967117052 0.4133704735 0.4585034014 0.47045506 0.1820070718 0.2442163171 2.8462115529 -5.0343796712 1.9715709261 0.6415662651 0.1482967272 0.1410402972 0.3 -0.0388888889 346
FY2020 Consolidated Japanese GAAP 61947000000 7180000000 6615000000 4417000000 4417000000 4453000000 82299000000 61940000000 20359000000 20365000000 20359000000 1333000000 -669000000 -3412000000 664000000 29913000000 139.96 20.7 2897.172 102576576510.720 650.03 35405760 0.2473784615 0.247 0.2169556462 0.053670154 0.1159055321 0.1067848322 0.071302888 0.0215183948 0.0107188403 -0.0306240611 0.224420191 0.2193548387 0.2161343612 0.0016674375 0.1578139217 1.1792630446 0.3554913295 -1.625710618 1.0783573283 -0.0844453967 -0.0322892899 0.3 -0.0296495957 360
FY2019 Consolidated Japanese GAAP 63904000000 5864000000 5425000000 3632000000 3632000000 3540000000 82162000000 64578000000 17584000000 17627000000 17584000000 -7436000000 -1038000000 5453000000 -8474000000 32672000000 144.63 8.4 1214.892 33087826598.400 718.47 27235200 0.2140162119 0.214 0.2065514104 0.0442053504 0.091762644 0.0848929644 0.0568352529 -0.1163620431 -0.1326051577 0.2170104173 0.1789304383 0.1904761905 0.3618297713 0.1082903931 0.1038985498 -2.4231578947 -2.4702549575 0.5737373737 -2.4287641207 -0.0846640892 0.3716805766 0.0027027027 371
FY2018 Consolidated Japanese GAAP 52509000000 4974000000 4557000000 2667000000 2667000000 2664000000 74134000000 58205000000 15929000000 15879000000 15929000000 5225000000 706000000 3465000000 5931000000 35694000000 105.44 7.5 790.800 629.1 0.2148676721 0.215 0.1674304727 0.0359753959 0.0947266183 0.0867851226 0.0507912929 0.0995067512 0.1129520654 0.603181388 0.8525139665 0.9616874731 0.7697412077 0.1496673542 0.1359195607 4.6084254144 1.5145772595 6.3101265823 3.1031914894 0.3568767582 0.7688307331 -0.0841584158 370
FY2017 Consolidated Japanese GAAP 32753000000 2685000000 2323000000 1507000000 1507000000 1535000000 64483000000 50460000000 14023000000 13971000000 14023000000 -1448000000 -1372000000 474000000 -2820000000 26306000000 59.61 12.7 757.047 553.77 0.2174681699 0.217 0.1074663054 0.0233705008 0.0819772235 0.0709248008 0.0460110524 -0.0442096907 -0.0860989833 -0.1147120037 -0.4595410628 -0.5147273867 -0.43915147 0.1183703909 0.0486053989 -1.2988648091 0.5790119669 -0.9183743758 -2.7780580076 -0.0819111437 -0.4213183186 0.0279898219 404
FY2016 Consolidated Japanese GAAP 36997000000 4968000000 4787000000 2687000000 2687000000 2631000000 57658000000 44284000000 13373000000 13348000000 13373000000 4845000000 -3259000000 5807000000 1586000000 28653000000 103.01 6.3 648.963 528.07 0.2319365916 0.232 0.2009272415 0.0466023795 0.1342811579 0.1293888694 0.0726275103 0.130956564 0.0428683407 393

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp