Watts Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended November 30, 2017; Provides Earnings Guidance for the Six Months and Full Year Ending August 31, 2018
January 11, 2018
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Watts Co., Ltd. reported consolidated earnings results for the first quarter ended November 30, 2017. For the quarter, the company reported sales of ¥11,844 million against ¥11,609 million a year ago. Operating profit was ¥247 million against ¥235 million a year ago. Recurring profit was ¥265 million against ¥258 million a year ago. Net income attributable to owners of parent was ¥171 million against ¥218 million a year ago. Net income per share was ¥12.68 against ¥16.10 per share a year ago.
For the year ending August 31, 2018, the company expects sales of ¥49,600 million, operating profit of ¥1,450 million, recurring profit of ¥1,520 million, net income attributable to owners of parent of ¥925 million and net income per share of ¥68.28.
For the six months ending February 2018, the company expects sales of ¥24,500 million, operating profit of ¥720 million, recurring profit of ¥750 million, net income attributable to owners of parent of ¥460 million and net income per share of ¥33.95.
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, 2017; Provides Earnings Guidance for the Six Months and Full Year Ending August 31, 2018