Watts Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended May 2019; Provides Consolidated Earnings Guidance for the Year Ending August 31, 2019; Provides Year End Dividend Forecast for the Year Ending August 31, 2019
July 10, 2019
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Watts Co., Ltd. reported consolidated earnings results for the nine months ended May 2019. For the period, the Group reported sales of JPY 38,623 million as compared to JPY 36,824 million for the same period last year. Operating profit was JPY 554 million as compared to JPY 902 million for the same period last year. Net income attributable to owners of parent was JPY 170 million as compared to JPY 635 million for the same period last year. Net income per share was JPY 12.72 as compared to JPY 46.88 for the same period last year.
For the year ending August 31, 2019, the Group expected sales of JPY 52,000 million, operating profit of JPY 920 million, net income attributable to owners of parent of JPY 270 million and net income per share of JPY 20.15.
For the year ending August 31, 2019, the Group reported year end dividend forecast of JPY 15.00 per share compared to JPY 15.00 per share declared last year.
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 Nine Months Ended May 2019; Provides Consolidated Earnings Guidance for the Year Ending August 31, 2019; Provides Year End Dividend Forecast for the Year Ending August 31, 2019