Watts Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended May 31, 2017; Provides Earnings Guidance for the Year Ending August 31, 2017
July 11, 2017
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Watts Co., Ltd. reported consolidated earnings results for the nine months ended May 31, 2017. For the period, the company reported sales of ¥35,626 million against ¥34,517 million a year ago. Operating profit was ¥1,012 million against ¥889 million a year ago. Recurring profit was ¥1,062 million against ¥867 million a year ago. Net income attributable to owners of parent was ¥729 million or ¥53.82 per share against ¥519 million or ¥38.36 per share a year ago.
The company provided consolidated earnings guidance for the year ending August 31, 2017. For the year, the company expects sales of ¥48,000 million, operating profit of ¥1,370 million, recurring profit of ¥1,350 million, net income attributable to owners of parent of ¥910 million or ¥67.17 per share.
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 31, 2017; Provides Earnings Guidance for the Year Ending August 31, 2017
WATTS CO., LTD. 
