Watami Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending September 2019 Year Ending March 2019
May 15, 2019 at 02:00 am EDT
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Watami Co., Ltd. reported consolidated earnings results for the year ended March 31, 2019. For the year, the company reported net sales of ¥94,701 million compared to ¥96,458 million a year ago. Operating profit was ¥1,062 million compared to ¥656 million a year ago. Profit attributable to owners of parent was ¥1,373 million or ¥35.14 per basic share and ¥35.06 per diluted share compared to ¥150 million or ¥3.86 per basic share and ¥3.85 per diluted share a year ago.
The company provided consolidated earnings guidance for the six months ending September 2019 and year ending March 2020. For the six months ending September 2019, the company expects net sales of ¥46,400 million and loss attributable to owners of parent of ¥200 million or ¥5.11 per basic share.
For the year ending March 2020, the company expects net sales of ¥96,300 million, operating profit of ¥1,100 million and profit attributable to owners of parent of ¥500 million or ¥12.79 per basic share.
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. Reports Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending September 2019 Year Ending March 2019
WATAMI CO., LTD. 
