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

Kitchen And Bath. Kitchen And Bath Headlines.

تازو, Lixil گروپ, ٽوٽو, Musk, گبرٽ, 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, جرمني, UK, Japan and other countries has been repeated, and the impact on companies is expected to continue.

 

Lixil گروپ.

Business Profit Slips 125.1% To Loss In April-June

آگسٽ تي 6, 2020, the Lixil Group announced its first quarterly report for fiscal year 2020 (اپريل 2020 کان مارچ 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. انهن مان, sales fell 14.6% جي طرف 310.5 ٽريلين ين (بابت 20.490 اربين يوآن), business profit fell 125.1% جي طرف -2.6 ٽريلين ين (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.

اپريل کان جون تائين, shipments declined the most in China, down from nearly 10% positive growth in April to less than -10% مئي ۾, and then tended to recover, although a decline of about 6% is expected in July. جي برعڪس, يو ايس, 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%), امريڪا (-15%), جاپان (-11%) ۽ چين (-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 ارب. 78% and operating profit margin was only 1.8%, a decrease of 5 points from the same period last year.

In terms of sub-brands, ASB (ASD هولڊنگس), a subsidiary of American Standard, achieved sales of $259 ملين (RMB بابت 1.803 ارب) in April-June, هيٺ 15% سال تي سال, with operating profit of $60 ملين, هيٺ 56% سال تي سال, and profit margin down 2.3 points to 2%. GAO reported sales of 281 ملين يورو (RMB بابت 2.317 ارب) in April-June, هيٺ 25% سال تي سال, with an operating profit of 01 ملين يورو, هيٺ 97% سال تي سال, and a margin cut to 0%.

 

Musk.

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

جولاء تي 30, Musk Group reported the second quarter of 2020.In April-June 2020, Musk achieved sales of $1.764 ارب (RMB بابت 12.279 ارب), هيٺ 4% سال تي سال; operating profit of $339 ملين, هيٺ 2% سال تي سال; affected by the epidemic, Musk pipeline products sales from the first half of 2019 1,012 ملين تائين $868 ملين, a decline of 14%. بهرحال, 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 ملين تائين $3.345 billion from $3.352 billion for the same period in 2019, and operating profit even increased by $20 ملين تائين $564 ملين, 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.

 

گبرٽ.

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 ارب (RMB بابت 11.217 ارب), هيٺ 9.8%, of which Europe and the United States decreased by 8.7% ۽ 8.6% ترتيب سان, the Far East and the Pacific, the Middle East and Africa fell by as much as 24.2% ۽ 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), اٽلي (-25.1%), the Iberian Peninsula (-20.9%), فرانس (-19.2%), the Far East and Pacific (-18.5%) and the United States (-5.4%). Only Germany, Scandinavia, سئيٽرزلينڊ, 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%

جولاء تي 31, TOTO released its first quarterly report for fiscal year 2020 (اپريل 2020 کان مارچ 2021).اپريل کان جون تائين 2020, several of TOTO’s financial figures declined year-on-year, including a 13% decrease in sales to 118.1 ٽريلين ين (تقريبن RMB 7,793 ملين), and an 83% decrease in net income attributable to the parent company’s shareholders to 600 million 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, ايشيا, Europe and the US separately. In terms of RMB, from January to March, TOTO جو وڪرو حاصل ڪيو 573 million yuan in China, هيٺ 279 ملين يوآن, 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 ملين يوآن. 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, هڪ 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% ۽ 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

آگسٽ تي 3, Takara Standard, a Japanese bathroom company, announced its first quarter report for fiscal year 2020 (اپريل 2020 کان مارچ 2021).In April-June 2020, Takara Standard achieved sales of 44.092 ٽريلين ين (RMB بابت 2.91 ارب), هڪ سال جي ڀيٽ ۾ گهٽتائي 9.0%; the net profit attributable to the parent company fell by 57.4%.

1 [Trends in key management indicators].

Set Aside (پئسو)		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 جون 2019	From April 1, 2020 30 جون 2020	From April 1, 2019 Until 31 مارچ 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 (موجوده) Per Share	(Yen)	一	一	一
خالص منافعو	(%)	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 million yen, هيٺ 57.4% سال تي سال. Takara Standard’s forecast for fiscal 2020: sales of ¥188.00 billion, هيٺ 6.7% سال تي سال; net income attributable to shareholders of the parent company of ¥4.100 billion, هيٺ 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. بهرحال, 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.