1.5 Миллиард, 6.2 Миллиард, 11.3 Миллиард… A Number Of Japanese Bathroom Companies Released Their Financial Reports

Ванна бизнес мектеби

Жакында, following TOTO, Lixil and other giants, a number of Japanese sanitary ware-related companies also released their annual or quarterly reports, including KVK, Takara Standard, Тазалоо, Asahi Weitao 4 companies. In the earnings report, the Chinese market was mentioned several times, and some companies revealed that they would enter the Chinese market with the Hong Kong branch as a cut-off point. The China strategy of foreign companies is once again under the spotlight.

KVK (main products: Кана, pipes and various faucet accessories)

-Full fiscal year sales of approximately RMB 1.5 миллиард

-Will participate in Shanghai Kitchen & Бат Шоу 2021

-Substitute for Panasonic and other famous companies

Май айында 14, KVK released its annual report for fiscal year 2020 (April 2020 to March 2021). in fiscal year 2020, KVK achieved sales of 25.441 Миллиард Йен (болжол менен RMB 1.502 миллиард), көбөйүшү 3.7% Жыл менен. Net income attributable to shareholders of the parent company also increased by 29.1% чейин 2.196 Миллиард Йен (болжол менен RMB 130 миллион). KVK is known in the industry for its faucet hardware products. The company said that non-contact products are receiving attention under the epidemic. Натыйжада, the company launched a number of sensor bathroom faucets and sensor kitchen faucets, which saw significant sales growth. This served as one of the drivers for the growth in results.

KVK has 3 production bases in Japan, China and the Philippines. The supply chain pressure caused by the epidemic has been effectively controlled and a stable production system has been maintained. According to the financial report, in KVK’s full fiscal year sales of 25.441 Миллиард Йен, the China production base only contributed 382 миллион йен. It reflects that KVK’s sales business in China market is still in preliminary stage. Бирок, KVK revealed that it mainly carried out China business in the form of network before. Now it is a combination of field visit plus network form to ensure the business is carried out normally. It is reported that KVK participated in the Shanghai Kitchen & Bath Show held from May 26 чейин 29 быйыл.

It is worth mentioning that KVK also listed its major customers in the financial report, including Takara Standard and Panasonic Housing Equipment Co. Apparently some of the leading products of these two companies are OEMed by KVK.

Takara Standard (main products: whole kitchen, whole bathroom, vanity, даараткана, wall material, water heater, жана башкалар)

-Full-year sales of approximately RMB 11.3 миллиард

-Bathroom sales declined the most

-Significant sales growth expected in the next fiscal year

Май айында 14, Takara Standard announced its annual report for fiscal year 2020 Март 2021, reporting sales of 192.1 Миллиард Йен (approximately 11.345 миллиард юань) from April 2020 to March 2021, төмөндөө 4.6% year on year. Net income attributable to shareholders of the parent company was 7.5 Миллиард Йен (approximately 443 миллион юань), төмөндөө 12.2% Жыл менен.

Takara Standard said that sales declined significantly in the first half of the fiscal year due to the closure of its showrooms as a result of the emergency declaration in Japan, which had a significant impact on business activities. Sales improved in the second half of the fiscal year as demand for remodeling expanded. Sales based on remodeling were higher than in the previous fiscal year, but still declined year on year for the full fiscal year.

Takara Standard’s product lineup is dominated by kitchens, bathrooms, жана курулуулук. The three categories accounted for 60.1%, 21.5%, жана 11.7% жалпы сатуунун көлөмү, тиешелүүлүгүнө жараша, with declines of varying degrees compared to the previous year. Алардын арасында, the bathroom category experienced the largest decline, саат 8.1%.

Takara Standard forecasts sales of ¥194.3 billion for fiscal 2021, өйдө 1.6% Жыл менен. Net income attributable to shareholders of the parent company is 7.8 Миллиард Йен, өйдө 2.8% Жыл менен. Judging from the smaller increase, the company remains cautious about sales in the new year.

Тазалоо (Major products: total kitchens, total bathrooms, бекерчилик, bathtubs, жана башкалар)

-Full-year sales of approximately RMB 6.2 миллиард

-Kitchen and bathroom divisions declined by 2.3% жана 7.2% тиешелүүлүгүнө жараша

-Sales are expected to increase by 5.6% in the next fiscal year

Japanese kitchen and bathroom company Cleanup released its annual report for fiscal 2020 on May 11. from April 2020 to March 2021, Тазалоо сатыкка жетишти 104.185 Миллиард Йен (6.153 миллиард юань), ылдый 3.1% Жыл менен. Of this total, sales in the kitchen division were 82.356 Миллиард Йен, төмөндөө 2.3%. Sales in the bathroom segment were 14.816 Миллиард Йен, төмөндөө 7.2%. Despite the decline in sales in each division, net income attributable to shareholders of the parent company increased by 19.2% чейин 1.746 Миллиард Йен (жөнүндө 103 миллион юань).

Cleanup said that the company took several measures under the epidemic to allow customers to access the company’s products through various means. Ошол эле учурда, the company’s operating expenses were reasonably controlled. On the merchandise side, Cleanup launched new products of COLTY series and STEDIA series in June and September 2020, тиешелүүлүгүнө жараша. In terms of terminals, Cleanup currently has 102 showrooms throughout Japan, and has renovated two showrooms in the Fukushima and Komaki areas of Japan in the current fiscal year. In addition to developing brick-and-mortar stores, we have also launched an online showroom business.

Based on these favorable measures, Cleanup expects sales of 110 billion yen in fiscal 2021, өйдө 5.6%, and net income of 1.8 Миллиард Йен, өйдө 3.1%.

Asahi Weitao (Major products: даараткана, vanity tops, Кана, Ванна бөлмөсү шкафы, Ашкана, жана башкалар)

-Full fiscal year sales of approximately RMB 100 миллион

-Entered China market through Hong Kong branch

Апрелде 14, Asahi Weitao reported its fiscal first quarter ended February 28, 2021. The company achieved sales of 433 миллион йен (about RMB26 million) in the previous three months, ылдый 21.8% Жыл менен. It achieved a net profit of ¥04 million (RMB жөнүндө 236.2 миллион), ылдый 35.3% Жыл менен. Also according to Asahi Weitao’s 11-month report (December 1, 2019 to November 30, 2020) released in January this year, the company achieved sales of ¥2.002 billion (about Rmb118 million) ичинде 11 months ended November 2020, a 17.5% decrease year-on-year. It achieved a net profit attributable to shareholders of the parent company of 0.17 Миллиард Йен (RMB жөнүндө 1.039 миллион), a significant increase compared to the loss of 371 million yen in the previous fiscal year.

Although Asahi Weitao did not mention the Chinese market in its earnings report. Бирок, a previously released statement mentioned an overseas affiliate, Weitao Enterprises (Гонконг) Ltd. According to the statement, in January this year, Asahi Pottery entered into a license agreement with Pottery Enterprises (Гонконг) Ltd. Asahi also said that Asahi has a strong network of contacts in the Chinese real estate industry. Келечекте, it will strengthen its sales business in the Chinese market.