Watahan & Co.,Ltd. Announces Consolidated and Non-Consolidated Financial Results for the Year Ended March, 2020; Provides Earnings Guidance for the Period Ending September, 2020 and Quarter Ending March, 2021
May 14, 2020 at 11:30 am IST
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Watahan & Co.,Ltd. announced consolidated and non consolidated financial results for the year ended March, 2020. For the quarter, on consolidated basis, the company reported net sales of JPY 120,187 million against JPY 106,462 million for the same period a year ago. Profit attributable to owners of parent was JPY 1,519 million against JPY 1,612 million for the same period a year ago. Operating profit was JPY 2,636 million against JPY 2,366 million for the same period a year ago. Basic earnings per share were JPY 153.88 per share against JPY 163.54 per share for the same period a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 3,845 million against JPY 3,732 million for the same period a year ago. Operating profit was JPY 1,079 million against JPY 1,412 million for the same period a year ago. Profit was JPY 957 million against JPY 1,400 million for the same period a year ago. Basic earnings per share were JPY 96.96 per share against JPY 142.00 per share for the same period a year ago.
For the period ending September, 2020, the company expects net sales of JPY 59,785 million, operating profit of JPY 1,221 million, profit attributable to owners of parent of JPY 773 million or JPY 78.29 per share.
For the quarter ending March, 2021, the company expects net sales of JPY 120,277 million, operating profit of JPY 2,653 million, profit attributable to owners of parent of JPY 1,650 million or JPY 167.03 per share.
Watahan & Co.,Ltd. is a Japan-based company primarily engaged in the retail business, construction business and trading business. The Company operates in three segments. The Retail segment is dealing with the home center items, daily goods, processed foods, fresh foods, prepared dishes etc. It also provides a one-stop shopping center where shopping is completed at one place by having a wide range of everyday necessities. The Construction segment is engaged in various construction works such as interior and exterior work, multi-purpose parking lot construction, civil engineering construction work and sales of civil engineering materials, etc. The Trading segment is engaged in the import and sales of pharmaceutical raw materials such as witepzole, acetaminophen, dalteparin, nitroglycerin etc. as well as raw materials for chemical products such as candelilla, jojoba oil, yucca, chicle etc. Other business involves in real estate leasing business.
Watahan & Co.,Ltd. Announces Consolidated and Non-Consolidated Financial Results for the Year Ended March, 2020; Provides Earnings Guidance for the Period Ending September, 2020 and Quarter Ending March, 2021