Seria Co., Ltd. Reports Earnings Results for the Year Ended March 31, 2020; Provides Earnings Guidance for the Six Months Ending September 2020 and Year Ending March 2021
May 11, 2020 at 07:00 am
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Seria Co., Ltd. reported earnings results for the year ended March 31, 2020. For the year, the company reported net sales of JPY 181,476 million against JPY 170,482 million a year ago. Operating profit was JPY 17,604 million against JPY 16,790 million a year ago. Profit was JPY 12,070 million against JPY 11,517 million a year ago. Basic earnings per share was JPY 159.15 against JPY 151.86 a year ago.
The company provided earnings guidance for the six months ending September 2020 and year ending March 2021. For the six months ending September 2020, the company expects net sales of JPY 90,000 million, operating profit of JPY 7,200 million and profit of JPY 4,850 million or JPY 63.95 per basic share.
For the year ending March 2021, the company expects net sales of JPY 188,000 million, operating profit of JPY 16,500 million and profit of JPY 11,300 million or JPY 148.99 per basic share.
Seria Co Ltd. is a Japan-based discount retailer of general merchandise that sells products at a single price of 100 yen. The Company is involved in the retail of consumer products through stores, as well as the wholesale of products to franchisees, big clients and overseas agents. The Company offers daily miscellaneous goods such as make-up goods, kitchen supplies, eating utensils, washing and bathing goods, sanitary products, cleaning substances, cosmetics, accessories, sewing goods, stationery, toys, character goods, gardening goods, health products, hygiene products, clothes, cleaning products, storage goods, tools, umbrellas, electrical appliances, pet goods, interior goods, outdoor products and seasonal products, among others. It also provides sweet stuff including instant foods, seasonings, canned food, noodles, rice, confectionery, drinks, bakery products, sweets and others.
Seria Co., Ltd. Reports Earnings Results for the Year Ended March 31, 2020; Provides Earnings Guidance for the Six Months Ending September 2020 and Year Ending March 2021
SERIA CO., LTD. 
