Watts Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended November 30, 2020
January 14, 2021 at 06:22 am EST
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Watts Co., Ltd. reported consolidated earnings results for the first quarter ended November 30, 2020. For the quarter, the company reported sales of ¥12,693 million against ¥12,703 million a year ago. Operating profit was ¥491 million against ¥206 million a year ago. Net income attributable to owners of parent was ¥527 million against ¥91 million a year ago. Net income per share was ¥39.37 against ¥6.81 per share a year ago.
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. 
