Howa Machinery,Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended September 30, 2020
November 05, 2020 at 12:00 am EST
Share
Howa Machinery,Ltd. reported consolidated earnings results for the second quarter ended September 30, 2020. For the second quarter, the company's net sales were JPY 8,266 million against JPY 9,761 million a year ago. Operating profit was JPY 67 million against 388 million a year ago. Ordinary profit was JPY 223 million against 385 million a year ago. Profit attributable to owners of parent was JPY 192 million against 274 million a year ago. Basic earnings per share was JPY 15.54 against JPY 22.18 a year ago.
Howa Machinery,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of machine tools, pneumatic hydraulic equipment and electronic machines, firearms, building materials and specially equipped vehicles. The Company operates through six business segments. The Machine Tool-related segment is engaged in the production of machining centers, various special-purpose machines, and pneumatic hydraulic equipment. The Firearms segment is engaged in the production of rifles, mortars and hunting rifles. The Domestic Sales Subsidiary segment is engaged in the sale of steel and other products. The Building Materials segment is engaged in the production of aluminum sash doors, steel sash doors, and waterproof boards. The Specially Equipped Vehicle segment is engaged in the production of road cleaning vehicles, industrial cleaning machines, automatic floor cleaning machines. The Real Estate Rental segment is engaged in the leasing of land and buildings.
HOWA MACHINERY, LTD. 
