Watts Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended November 30, 2018; Provides Earnings Guidance for the Six Months Ending February 2019 and Full Year Ending August 2019
January 11, 2019
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Watts Co., Ltd. reported consolidated earnings results for the first quarter ended November 30, 2018. For the quarter, the company reported sales of ¥12,731 million against ¥11,849 million a year ago. Operating profit was ¥137 million against ¥250 million a year ago. Net income attributable to owners of parent was ¥87 million against ¥171 million a year ago. Net income per share was ¥6.47 against ¥12.68 per share a year ago.
For the six months ending February 2019, the company expects sales of ¥25,400 million, operating profit of ¥430 million, net income attributable to owners of parent of ¥255 million and net income per share of ¥18.82.
For the year ending August 2019, the company expects sales of ¥52,000 million, operating profit of ¥1,080 million, net income attributable to owners of parent of ¥650 million and net income per share of ¥47.98.
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. Reports Consolidated Earnings Results for the First Quarter Ended November 30, 2018; Provides Earnings Guidance for the Six Months Ending February 2019 and Full Year Ending August 2019
WATTS CO., LTD. 
