Watts Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended February 28, 2019; Provides Consolidated Earnings Guidance for the Year Ending August 31, 2019
April 11, 2019
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Watts Co., Ltd. announced consolidated earnings results for the six months ended February 28, 2019. For the six months, the company reported sales of JPY 25,648,425,000 compared to JPY 23,897,647,000 a year ago. Operating profit was JPY 366,601,000 compared to JPY 598,375,000 a year ago. Recurring profit was JPY 337,063,000 compared to JPY 602,320,000 a year ago. Net income attributable to owners of parent was JPY 103,437,000 compared to JPY 379,345,000 a year ago. Net income per share was JPY 7.70 compared to JPY 28.00 a year ago.
For the year ending August 31, 2019, on consolidated basis, the company expects sales of JPY 52,000 million, operating profit of JPY 920 million, recurring profit of JPY 880 million, net income attributable to owners of the parent of JPY 270 million and net income per share of JPY 20.15.
WATTS CO., LTD. is a Japan-based company mainly engaged in the operation of 100-yen shops and related services. The Company operates 100-yen shops with selling daily consumables such as stationery, cleaning, kitchen, and sanitary goods under the name of Watts, Watts with, meets. and silk. It also provides wholesale to other retail sales companies. Many of the stores are tenant-type stores in shopping centers, supermarkets, and department stores. The Company operates general merchandise stores Buona Vita, fresh supermarkets Value 100, lifestyle general stores Sostrene Grene in Denmark, and discount shops Real. The Company operates KOMONOYA in Thailand, Malaysia, Vietnam and Peru, and KOMONOKAEN in China.
Watts Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended February 28, 2019; Provides Consolidated Earnings Guidance for the Year Ending August 31, 2019