Watoscoreaco와토스코리아

Watoscoreaco's revenue is shrinking and it posted large operating and net losses over the trailing twelve months to H1 2026, though its shares trade near book value.

Watoscoreaco makes plastic bathroom fittings such as toilet tank parts, washbasin pop-ups, toilet seats and shower heads, mainly for sanitaryware makers. Trailing twelve-month revenue was ₩13.5B with an operating loss of ₩4.4B and a net loss of ₩2.7B, after a loss-making 2025. The share price closed at ₩3,405 on 2026-10-30, down 38.5% over one year and near its 52-week low of ₩3,365.

What stands out

• Revenue fell 19.3% in 2025 to ₩14.1B, and trailing revenue to H1 2026 is ₩13.5B, down from ₩17.5B in 2024.
• Operating margin was -32.7% on a trailing basis, compared with roughly break-even results in 2022 to 2024.
• The company reported a net loss in 2025 after profits in 2021 to 2024, and a trailing net loss of ₩2.7B.
• Valuation metrics look low on paper (P/B 0.4, dividend yield 11.8%), but earnings are negative so P/E is not meaningful and the data gives no forward forecasts.
• Foreign ownership rose slightly to 2% over the past 60 days; the 20-day flows show foreign buying and retail selling, and the data includes no analyst ratings or price targets.
• The filings list includes amended annual (Dec 2025) and half-year (Jun 2026) reports dated 2026-10-30, plus two exchange inquiries about news or price moves in June 2026.

What to watch

• Whether the amended annual and half-year reports change the reported figures, and what the filings say about the reasons for the losses.
• Cash of ₩0.8B against a trailing free cash flow of -₩1.1B; the data does not show a debt figure and the company has a CEO change on record from March 2026.
• The data contains no news headlines, so the cause of the June exchange inquiries and any next results date are not shown.