Watts Co., Ltd. Reports Consolidated Earnings Results for the Year Ended August 31, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending February 2019 and Year Ending August 2019; Announces the Dividend for the Year Ended August 31, 2018, Payable on November 28, 2018; Provides Dividend Guidance for the Year Ending August 2019
October 10, 2018
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Watts Co., Ltd. reported consolidated earnings results for the year ended August 31, 2018. For the period, the company reported sales of JPY 49,444 million compared to JPY 47,494 million a year ago. Operating profit was JPY 975 million compared to JPY 1,209 million a year ago. Recurring profit was JPY 1,037 million compared to JPY 1,272 million a year ago. Net income attributable to owners of parent was JPY 633 million compared to JPY 839 million a year ago. Net income per share was JPY 46.79 compared to JPY 61.96 a year ago. Return on equity was 6.2% against of 8.7% a year ago. Net assets per share as of August 2018 were JPY 769.05. Cash flows from operating activities were JPY 687 million compared to JPY 1,157 million a year ago. Income before income taxes and minority interests was JPY 920,242,000 compared to JPY 1,217,441,000 a year ago. Purchase of property, plant and equipment was JPY 657,068,000 compared to JPY 430,677,000 a year ago.
The company provided consolidated earnings guidance for the six months ending February 2019 and year ending August 2019. For the six months ending February 2019, the company expects net sales to be of JPY 25,400 million. Operating profit expected to be of JPY 430 million. Recurring profit expected to be of JPY 430 million. Net income attributable to owners of parent expected to be of JPY 255 million. Net income per share expected to be of JPY 18.82.
For the Year ending August 2019, the company expects net sales to be of JPY 52,000 million. Operating profit expected to be of JPY 1,080 million. Recurring profit expected to be of JPY 1,110 million. Net income attributable to owners of parent expected to be of JPY 650 million. Net income per share expected to be of JPY 47.98.
The company announced the dividend for the year ended August 31, 2018. For the period, the company announced the dividend of JPY 15.00 per share compared to JPY 15.00 per share a year ago. The dividend will be payable on November 28, 2018.
The company provided dividend guidance for the Year ending August 2019. For the period, the company provided the dividend guidance of JPY 15.00 per share compared to JPY 15.00 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. Reports Consolidated Earnings Results for the Year Ended August 31, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending February 2019 and Year Ending August 2019; Announces the Dividend for the Year Ended August 31, 2018, Payable on November 28, 2018; Provides Dividend Guidance for the Year Ending August 2019
WATTS CO., LTD. 