Watami Co., Ltd. Announces Consolidated Earnings Results for the Second Quarter Ended September 2017; Provides Earnings Guidance for the Quarter Ending March 2018
November 14, 2017 at 01:00 am EST
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Watami Co., Ltd. announced consolidated earnings results for the second quarter ended September 2017. For the quarter, the company reported net sales of JPY 47,486 million against JPY 48,273 million a year ago. Operating loss was JPY 219 million against JPY 1,068 million a year ago. Ordinary income was JPY 156 million against ordinary loss of JPY 926 million a year ago. Loss attributable to owners of parent was JPY 241 million against JPY 1,356 million a year ago. Basic loss per share was JPY 6.18 against JPY 34.68 a year ago.
The company provided earnings guidance for the quarter ending March 2018. For the quarter, the company expects net sales of JPY 96,000 million, operating income of JPY 500 million, ordinary income of JPY 750 million, profit attributable to owners of parent of JPY 100 million and basic earnings per share of JPY 2.55.
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 Consolidated Earnings Results for the Second Quarter Ended September 2017; Provides Earnings Guidance for the Quarter Ending March 2018
WATAMI CO., LTD. 
