Watts Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended November 30, 2016; Provides Earnings Guidance for the Six Months Ending February 2017 and Full Year Ending August 31, 2017; Provides Dividend Guidance for the Year Ending August 31, 2017
January 12, 2017
Share
Watts Co., Ltd. reported consolidated earnings results for the first quarter ended November 30, 2016. For the quarter, the company reported sales of ¥11,609 million against ¥11,329 million a year ago. Operating profit was ¥235 million against ¥149 million a year ago. Recurring profit was ¥258 million against ¥158 million a year ago. Net income attributable to owners of parent was ¥218 million against ¥111 million a year ago. Net income per share was ¥16.10 against ¥8.21 per share a year ago.
For the year ending August 31, 2017, 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 and net income per share of ¥67.17.
For the six months ending February 2017, the company expects sales of ¥23,500 million, operating profit of ¥605 million, recurring profit of ¥590 million, net income attributable to owners of parent of ¥385 million and net income per share of ¥28.42.
For the year ending August 31, 2017, the company expects to pay dividend of ¥15.00 per share against ¥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 First Quarter Ended November 30, 2016; Provides Earnings Guidance for the Six Months Ending February 2017 and Full Year Ending August 31, 2017; Provides Dividend Guidance for the Year Ending August 31, 2017