trending Market Intelligence /marketintelligence/en/news-insights/trending/Op-lNlKWk94FOHWamONN7Q2 content esgSubNav
In This List

Watts Co. fiscal Q3 profit falls YOY

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet


Watts Co. fiscal Q3 profit falls YOY

Watts Co. Ltd. said its normalized net income for the fiscal third quarter ended May 31 amounted to ¥15.22 per share, a decline of 31.5% from ¥22.24 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥206.3 million, a decline of 31.5% from ¥301.3 million in the year-earlier period.

The normalized profit margin fell to 1.8% from 2.7% in the year-earlier period.

Total revenue grew year over year to ¥11.29 billion from ¥11.16 billion, and total operating expenses increased from the prior-year period to ¥10.96 billion from ¥10.69 billion.

Reported net income declined 42.9% from the prior-year period to ¥160.0 million, or ¥11.81 per share, from ¥280.0 million, or ¥20.67 per share.

As of July 10, US$1 was equivalent to ¥122.69.