Watts Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended May 2018; Provides Consolidated Earnings Guidance for the Year Ending August 2018
July 11, 2018
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Watts Co., Ltd. reported consolidated earnings results for the nine months ended May 2018. For the period, the company reported sales of JPY 36,802 million as compared to JPY 35,626 million for the same period last year. Operating profit was JPY 888 million as compared to JPY 1,012 million for the same period last year. Recurring profit was JPY 923 million as compared to JPY 1,062 million for the same period last year. Net income attributable to owners of parent was JPY 635 million as compared to JPY 729 million for the same period last year. Net income per share was JPY 46.88 as compared to JPY 53.82 for the same period last year.
For the year ending August 2018, the company expected sales of JPY 49,600 million, operating profit of JPY 1,450 million, recurring profit of JPY 1,520 million, net income attributable to owners of parent of JPY 925 million and net income per share of JPY 68.28.
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 2018; Provides Consolidated Earnings Guidance for the Year Ending August 2018
WATTS CO., LTD. 