Watts Co., Ltd. reported consolidated earnings results for the first quarter ended November 30, 2016. For the quarter, the company reported sales of ¥11,609 million against ¥11,329 million a year ago. Operating profit was ¥235 million against ¥149 million a year ago. Recurring profit was ¥258 million against ¥158 million a year ago. Net income attributable to owners of parent was ¥218 million against ¥111 million a year ago. Net income per share was ¥16.10 against ¥8.21 per share a year ago.

For the year ending August 31, 2017, the company expects sales of ¥48,000 million, operating profit of ¥1,370 million, recurring profit of ¥1,350 million, net income attributable to owners of parent of ¥910 million and net income per share of ¥67.17.

For the six months ending February 2017, the company expects sales of ¥23,500 million, operating profit of ¥605 million, recurring profit of ¥590 million, net income attributable to owners of parent of ¥385 million and net income per share of ¥28.42.

For the year ending August 31, 2017, the company expects to pay dividend of ¥15.00 per share against ¥15.00 per share a year ago.