Watts Co., Ltd. reported consolidated earnings results for the first quarter ended November 30, 2019. For the quarter, the company reported sales of ¥12,703 million against ¥12,731 million a year ago. Operating profit was ¥206 million against ¥137 million a year ago. Net income attributable to owners of parent was ¥91 million against ¥87 million a year ago. Net income per share was ¥6.81 against ¥6.47 per share a year ago.

For the six months ending February 2020, the company expects sales of ¥25,500 million, operating profit of ¥300 million, net income attributable to owners of parent of ¥120 million and net income per share of ¥8.96.

For the year ending August 2020, the company expects sales of ¥51,860 million, operating profit of ¥770 million, net income attributable to owners of parent of ¥350 million and net income per share of ¥26.12.

The company provided dividend guidance for the Year ending August 2020. For the year, the company provided the dividend guidance of JPY 10.00 per share compared to JPY 10.00 per share paid a year ago.