Watami Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 2015; Provides Earnings Guidance for the First Half Year Ending September 2015 and for the Year Ending March 31, 2016
August 11, 2015 at 11:00 am EDT
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Watami Co., Ltd. announced consolidated earnings results for the first quarter ended June 2015. For the quarter, the company reported net sales of JPY 34,516 million compared to JPY 39,456 million a year ago. Operating loss was JPY 954 million compared to JPY 115 million a year ago. Ordinary loss was JPY 1,245 million compared to JPY 435 million a year ago. Loss attributable to owners of parent company was JPY 1,542 million or JPY 41.30 per share compared to JPY 992 million or JPY 26.58 per share a year ago.
For the first half year ending September 2015, the company expects net sales of JPY 71,000 million, operating income of JPY 300 million, ordinary loss of JPY 100 million and net loss of JPY 500 million or JPY 13.38 per share.
For the year ending March 31, 2016, the company expects net sales of JPY 148,800 million, operating income of JPY 1,300 million, ordinary income of JPY 500 million and net income of JPY 1,000 million or JPY 26.77 per share.
WATAMI CO.,LTD. is a Japan-based company mainly engaged in the restaurants business, the home delivery business, the agriculture business and the environmental business. The Company has five business segments. The Domestic Restaurant segment is engaged in the operation of restaurants, the manufacture and wholesale of ingredients, as well as the delivery of liquors and beverages to directly managed stores and franchise stores. The Home Delivery segment is engaged in the sale and delivery of food material sets and prepared dishes. The Overseas Restaurant segment is engaged in the franchise business, the strategic planning and execution of overseas expansion, as well as the operation of restaurants in overseas. The Environmental segment is engaged in the power retail business, the wind power generation business and the circulation services business. The Agriculture segment is engaged in the production and sale of agricultural products and processed agricultural products.
Watami Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 2015; Provides Earnings Guidance for the First Half Year Ending September 2015 and for the Year Ending March 31, 2016