Watts Co., Ltd. reported consolidated earnings results for the first quarter ended November 30, 2017. For the quarter, the company reported sales of ¥11,844 million against ¥11,609 million a year ago. Operating profit was ¥247 million against ¥235 million a year ago. Recurring profit was ¥265 million against ¥258 million a year ago. Net income attributable to owners of parent was ¥171 million against ¥218 million a year ago. Net income per share was ¥12.68 against ¥16.10 per share a year ago.

For the year ending August 31, 2018, the company expects sales of ¥49,600 million, operating profit of ¥1,450 million, recurring profit of ¥1,520 million, net income attributable to owners of parent of ¥925 million and net income per share of ¥68.28.

For the six months ending February 2018, the company expects sales of ¥24,500 million, operating profit of ¥720 million, recurring profit of ¥750 million, net income attributable to owners of parent of ¥460 million and net income per share of ¥33.95.