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

Kuchnia I Kąpiel. Nagłówki dotyczące kuchni i łazienki.

Ostatnio, Grupa Lixil, 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, Niemcy, Wielka Brytania, Japan and other countries has been repeated, and the impact on companies is expected to continue.

 

Grupa Lixil.

Business Profit Slips 125.1% To Loss In April-June

W sierpniu 6, 2020, the Lixil Group announced its first quarterly report for fiscal year 2020 (Kwiecień 2020 to March 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. Pomiędzy nimi, sales fell 14.6% Do 310.5 bilion jenów (o 20.490 miliard juanów), business profit fell 125.1% Do -2.6 bilion jenów (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% w maju, and then tended to recover, although a decline of about 6% is expected in July. W przeciwieństwie, USA, EMEA markets bucked the trend, with the U.S. market jumping from negative growth of -30% in April to positive growth of nearly 10% w czerwcu.

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%), the United States (-15%), Japonia (-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 miliard. 78% and operating profit margin was only 1.8%, spadek 5 points from the same period last year.

In terms of sub-brands, ASB (ASD Holdings), a subsidiary of American Standard, achieved sales of $259 milion (o RMB 1.803 miliard) in April-June, w dół 15% rok do roku, with operating profit of $60 milion, w dół 56% rok do roku, and profit margin down 2.3 points to 2%. GAO reported sales of 281 milion euro (o RMB 2.317 miliard) in April-June, w dół 25% rok do roku, with an operating profit of 01 milion euro, w dół 97% rok do roku, and a margin cut to 0%.

 

Musk.

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

W lipcu 30, Musk Group reported the second quarter of 2020.In April-June 2020, Musk achieved sales of $1.764 miliard (o RMB 12.279 miliard), w dół 4% rok do roku; operating profit of $339 milion, w dół 2% rok do roku; affected by the epidemic, Musk pipeline products sales from the first half of 2019 1,012 milion do $868 milion, a decline of 14%. Jednakże, 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 milion do $3.345 billion from $3.352 billion for the same period in 2019, and operating profit even increased by $20 milion do $564 milion, 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, Geberit achieved sales of CHF 1.468 miliard (o RMB 11.217 miliard), w dół 9.8%, of which Europe and the United States decreased by 8.7% I 8.6% odpowiednio, the Far East and the Pacific, the Middle East and Africa fell by as much as 24.2% I 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), Włochy (-25.1%), the Iberian Peninsula (-20.9%), Francja (-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%.

On the product side, 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%

W lipcu 31, TOTO released its first quarterly report for fiscal year 2020 (Kwiecień 2020 to March 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 bilion jenów (około RMB 7,793 milion), and an 83% decrease in net income attributable to the parent company’s shareholders to 600 milion jenów (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% w tym samym okresie.

In this earnings report, TOTO lists the January-March operations in China, Azja, Europe and the US separately. In terms of RMB, from January to March, TOTO achieved sales of 573 million yuan in China, w dół 279 milion juanów, or more than 30%, w porównaniu do 852 million yuan in the same period last year, TOTO estimated that the epidemic led to a decrease in sales of 294 milion juanów. 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% w czerwcu. 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% I 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

W sierpniu 3, Takara Standard, a Japanese bathroom company, announced its first quarter report for fiscal year 2020 (Kwiecień 2020 to March 2021).In April-June 2020, Takara Standard achieved sales of 44.092 bilion jenów (o RMB 2.91 miliard), spadek rok do roku o 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 March 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
Zysk netto	(%)	64.6	66.7	65.0
Rozwodniony zysk na akcję	(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 milion jenów, w dół 57.4% rok do roku. Takara Standard’s forecast for fiscal 2020: sales of ¥188.00 billion, w dół 6.7% rok do roku; net income attributable to shareholders of the parent company of ¥4.100 billion, w dół 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. Jednakże, 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.