Foreign Corporate Profits Fell Across The Board, Up To -125%

Cidsin agus Bath. Cinn-uidhe cidsin agus amar.

O chionn ghoirid, Lixil Group, TOTO, Musk, Geberit, Takara Standard and other foreign companies have announced their half-year or quarterly reports. The reports show that during the epidemic, the sales and net profits of the companies have declined to varying degrees, and some companies have even made zero entries. The current epidemic in Spain, A' Ghearmailt, an RA, Japan and other countries has been repeated, and the impact on companies is expected to continue.

 

Lixil Group.

Business Profit Slips 125.1% To Loss In April-June

Air an Lùnastal 6, 2020, the Lixil Group announced its first quarterly report for fiscal year 2020 (A’ Ghiblean 2020 gu Màrt 2021), and from April to June 2020, a number of financial indicators declined due to the impact of the epidemic and the increase in the Japanese consumption tax. Nam measg, sales fell 14.6% gu 310.5 billean yen (mu dheidhinn 20.490 billean yuan), business profit fell 125.1% gu -2.6 billean yen (compared with a profit of 10.5 billion yen a year earlier), and EBITDA narrowed to 17.7 billion yen from 29.5 billion yen in the same period a year earlier.

From April to June, shipments declined the most in China, down from nearly 10% positive growth in April to less than -10% in May, and then tended to recover, although a decline of about 6% is expected in July. Air an làimh eile, na SA, EMEA markets bucked the trend, with the U.S. market jumping from negative growth of -30% in April to positive growth of nearly 10% in June.

The Lixil Group recorded sales declines in all major markets from April to June, with the largest declines in Asia Pacific (-31%), Europe and Central Africa (-20%), na Stàitean Aonaichte (-15%), Iapan (-11%) and China (-7%), resulting in a 99% decline in operating profit outside Japan and a 58% decline in operating profit in Japan, for a total decrease in operating profit of $0.5 billean. 78% and operating profit margin was only 1.8%, lùghdachadh de 5 points from the same period last year.

In terms of sub-brands, ASB (Gabhaltasan ASD), fo-bhuidheann de American Standard, achieved sales of $259 millean (mu dheidhinn RMB 1.803 billean) in April-June, sìos 15% bliadhna an dèidh bliadhna, with operating profit of $60 millean, sìos 56% bliadhna an dèidh bliadhna, and profit margin down 2.3 points to 2%. GAO reported sales of 281 millean euro (mu dheidhinn RMB 2.317 billean) in April-June, sìos 25% bliadhna an dèidh bliadhna, with an operating profit of 01 millean euro, sìos 97% bliadhna an dèidh bliadhna, and a margin cut to 0%.

 

Musk.

Good Performance In The First Quarter To Offset The Impact Of The Outbreak In The Second Quarter

Air an Iuchar 30, Musk Group reported the second quarter of 2020.In April-June 2020, Musk achieved sales of $1.764 billean (mu dheidhinn RMB 12.279 billean), sìos 4% bliadhna an dèidh bliadhna; prothaid obrachaidh de $339 millean, sìos 2% bliadhna an dèidh bliadhna; fo bhuaidh an tinneas tuiteamach, Musk pipeline products sales from the first half of 2019 1,012 million to $868 millean, a decline of 14%. Ge-tà, improved sales of coatings and related products drove an 8% increase in sales of decorative building products.

For the entire first half of the year, Musk’s sales were down just $07 million to $3.345 billion from $3.352 billion for the same period in 2019, and operating profit even increased by $20 million to $564 millean, reflecting Musk’s good first quarter sales, which only declined in the second quarter due to the epidemic.

Musk CEO Keith Allman said the company puts the safety of its employees and customers at the forefront of its mind, and while there are many unknowns, strong demand for the company’s products is expected to continue in the third quarter, assuming there are no temporary shutdowns due to the outbreak.Allman also revealed that the board of directors has announced a 4 percent increase in the annual dividend to $0.5 billion per share beginning in the fourth quarter. 0.56 as a sign of confidence in the future.

 

Geberit.

First-Half Sales Down 10 Percent.

Asian Markets Down Over 24%

According to Geberit’s first-half report released on July 6, 2020, January-June, Chobert air a bhith a 'faighinn reic CHF 1.468 billean (mu dheidhinn RMB 11.217 billean), sìos 9.8%, of which Europe and the United States decreased by 8.7% agus 8.6% fa leth, the Far East and the Pacific, the Middle East and Africa fell by as much as 24.2% agus 31.6%. .

On a regional basis, after adjusting for currency exchange rates, Geberit’s first-half sales declined the most in the UK and Ireland (-34.1%), the Middle East and Africa (-25.9), An Eadailt (-25.1%), the Iberian Peninsula (-20.9%), An Fhraing (-19.2%), the Far East and Pacific (-18.5%) and the United States (-5.4%). Only Germany, Scandinavia, Switzerland, Eastern Europe, Benelux and Australia recorded sales growth, although in the German market, where growth was greatest, the increase was also only 2.9%.

Air taobh an toraidh, first-half sales in all three of Geberit’s major categories were down nearly 10%, with installation and flushing systems down 10.3%, plumbing systems down 9.0% and bathroom systems down 9.9%.

 

Toto.

April-June Net Profit Down 83%

Air an Iuchar 31, TOTO released its first quarterly report for fiscal year 2020 (A’ Ghiblean 2020 gu Màrt 2021).From April to June 2020, several of TOTO’s financial figures declined year-on-year, including a 13% decrease in sales to 118.1 billean yen (timcheall air RMB 7,793 millean), and an 83% decrease in net income attributable to the parent company’s shareholders to 600 millean yen (fiscal 2019 TOTO believes that the large decline in sales and net profit is due to the epidemic, and it predicts that without the impact of the epidemic, net profit would have increased by more than 60% in the same period.

In this earnings report, TOTO lists the January-March operations in China, Àisia, Europe and the US separately. In terms of RMB, from January to March, TOTO achieved sales of 573 million yuan in China, sìos 279 millean Yuan, or more than 30%, compared to 852 million yuan in the same period last year, TOTO estimated that the epidemic led to a decrease in sales of 294 millean Yuan. According to TOTO’s statistics, the month with the largest decline in sales in China was February with a 68% decline, followed by a gradual recovery to an increase of 12% in June. In terms of operating profit, the Chinese market also declined by 26% to RMB102 million from RMB138 million in the same period last year.

During the epidemic, TOTO China market sales of all categories have decreased to varying degrees, including a 44% decrease in sanitary ceramics, a 16% decrease in washroom, faucet hardware decreased by 30%, TOTO estimates that if there is no epidemic, sales of the three categories will increase by 1%, 2% agus 2%. The financial report also revealed that from January to March, the number of units sold in the Chinese market to wash the beauty of the Chinese market decreased by 28%, and from April to June increased by 6%.

Takara.

Net Profit Down 57.4% In April-June

Air an Lùnastal 3, Takara Standard, a Japanese bathroom company, announced its first quarter report for fiscal year 2020 (A’ Ghiblean 2020 gu Màrt 2021).In April-June 2020, Takara Standard achieved sales of 44.092 billean yen (mu dheidhinn RMB 2.91 billean), a year-on-year decrease of 9.0%; the net profit attributable to the parent company fell by 57.4%.

1 [Trends in key management indicators].

Set Aside (Money)		146th Meeting First Quarter (Of Financial Year) Consolidated Cumulative Total	147th First Quarter (Of Financial Year) Consolidated Cumulative Total	146th Issue
Accounting Period		From April 1, 2019 Until 30 June 2019	From April 1, 2020 30 June 2020	From April 1, 2019 Until 31 Am Màrt 2020
Sell	(Millions Of Yen)	48,442	44.092	201,521
Ordinary Income	(Millions Of Yen)	3,520	1,535	13,109
Quarterly Results Attributable To Shareholders Of The Parent Company	(Millions Of Yen)	2,375	1,011	8,647
Net Income	(Millions Of Yen)	2,024	2,337	7,117
Consolidated Income (Loss) For The Quarter	(Millions Of Yen)	162,892	167,835	166,741
Net Assets	(Millions Of Yen)	252,318	251,595	256,569
Total Assets	(Yen)	32,49	13.83	118.24
Quarterly (Current) Per Share	(Yen)	一	一	一
Net Profit	(%)	64.6	66.7	65.0
Diluted Earnings Per Share	(Millions Of Yen)	5,160	Δ 863	17,061
Net Income	(Millions Of Yen)	Δ 1,070	Δ 1,415	Δ 5. 021
Capital Adequacy Ratio	(Millions Of Yen)	Δ 1,023	Δ 1,088	Δ 2.412
Due To Sales Activities	(Millions Of Yen)	68,074	71,265	74,633

Net income attributable to shareholders of 1,011 millean yen, sìos 57.4% bliadhna an dèidh bliadhna. Takara Standard’s forecast for fiscal 2020: sales of ¥188.00 billion, sìos 6.7% bliadhna an dèidh bliadhna; net income attributable to shareholders of the parent company of ¥4.100 billion, sìos 52.6% year-on-year.Takara Standard said that previously, due to the impact of the epidemic, it is difficult to make a reasonable estimate of full-year results, but With the lifting of the emergency in Japan and the confirmation of fiscal first-quarter results, it is possible to make a reasonable estimate. Ge-tà, Takara Standard said that this estimate does not take into account the impact of the second wave of the epidemic and other events, so there are still uncertainties.

It is worth mentioning that Takara Standard announced on July 28 that one of its employees, who works as a construction manager at its Kobe City office, has been diagnosed with neo-coronary pneumonia, and has requested that those in close contact with him be isolated at home and undergo health monitoring. According to another announcement on July 30, an employee working at a showroom in Ebina City, Kanagawa Prefecture, who was identified as a close contact of a patient with neo-coronary pneumonia, was temporarily shut down and the showroom reopened on August 3.