Watts Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended February 28, 2020; Provides Consolidated Earnings Guidance for the Year Ending August 31, 2020
April 08, 2020
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Watts Co., Ltd. announced consolidated earnings results for the six months ended February 28, 2020. For the six months, the company reported sales of JPY 25,982 million compared to JPY 25,648 million a year ago. Operating profit was JPY 786 million compared to JPY 366 million a year ago. Recurring profit was JPY 783 million compared to JPY 337 million a year ago. Net income attributable to owners of parent was JPY 420 million compared to JPY 103 million a year ago. Net income per share was JPY 31.39 compared to JPY 7.70 a year ago.
For the year ending August 31, 2020, on consolidated basis, the company expects sales of JPY 51,860 million, operating profit of JPY 770 million, recurring profit of JPY 790 million, net income attributable to owners of the parent of JPY 350 million and net income per share of JPY 26.12.
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. Announces Consolidated Earnings Results for the Six Months Ended February 28, 2020; Provides Consolidated Earnings Guidance for the Year Ending August 31, 2020
WATTS CO., LTD. 
