Watts Co., Ltd. Provides Earnings Guidance for Fiscal 2016 and Fiscal 2017 and Provides ROE Guidance for Fiscal Year Ending August 31, 2015
April 23, 2015 at 07:55 am
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Watts Co., Ltd. provided earnings guidance for fiscal 2016 and fiscal 2017. For fiscal 2016, the company expects sales of JPY 47,100 million, operating profit of JPY 1,970 million, recurring profit of JPY 1,920 million, net income of JPY 1,190 million and ROE of 12.4%.
For fiscal 2017, the company expects sales of JPY 48,920 million, operating profit of JPY 2,150 million, recurring profit of JPY 2,120 million, net income of JPY 1,320 million and ROE of 12.6%.
For fiscal year ending August 31, 2015, the company expects ROE of 11.8%.
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. 
