Watami Co., Ltd. Announces Earnings Results for the Year Ended March 2017; Provides Earnings Guidance for the Half Year Period Ending September 2017; Provides Earnings Guidance for the Full Year Ending March 2018
May 15, 2017 at 11:30 am IST
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Watami Co., Ltd. announced earnings results for the year ended March 2017. For the year, the company reported net sales of ¥100,312 million, operating profit of ¥182 million, ordinary profit of ¥717 million, loss attributable to owners of parent of ¥1,833 million or ¥46.89 basic per share, cash flows from operating activities of ¥3,042 million compared to the net sales of ¥128,246 million, operating loss of ¥290 million, ordinary loss of ¥1,132 million, profit attributable to owners of parent of ¥7,810 million or ¥209.13 basic per share, cash flows from operating activities of ¥2,701 million for the previous year. Negative rate of return on equity was 10.3% compared to rate of return on equity of 55.1% for the previous year. Net assets per share was ¥424.59 compared to ¥479.23 for the previous year.
For half year period ending September 2017, the company forecast net sales of ¥45,000 million, operating loss of ¥700 million, ordinary loss of ¥600 million, loss attributable to owners of parent of ¥1,000 million or ¥-25.57 basic per share.
For full year ending March 2018, the company forecast net sales of ¥96,000 million, operating income of ¥500 million, ordinary income of ¥750 million, profit attributable to owners of parent of ¥100 million or ¥2.55 basic per share.
WATAMI CO.,LTD. is a Japan-based company mainly engaged in the restaurants business, the home delivery business, the agriculture business and the environmental business. The Company has five business segments. The Domestic Restaurant segment is engaged in the operation of restaurants, the manufacture and wholesale of ingredients, as well as the delivery of liquors and beverages to directly managed stores and franchise stores. The Home Delivery segment is engaged in the sale and delivery of food material sets and prepared dishes. The Overseas Restaurant segment is engaged in the franchise business, the strategic planning and execution of overseas expansion, as well as the operation of restaurants in overseas. The Environmental segment is engaged in the power retail business, the wind power generation business and the circulation services business. The Agriculture segment is engaged in the production and sale of agricultural products and processed agricultural products.
Watami Co., Ltd. Announces Earnings Results for the Year Ended March 2017; Provides Earnings Guidance for the Half Year Period Ending September 2017; Provides Earnings Guidance for the Full Year Ending March 2018