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.