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

Ванна бізнес-школа

Нещодавно, 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, Очищення, Asahi Weitao 4 компанії. 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: крани, pipes and various faucet accessories)

-Full fiscal year sales of approximately RMB 1.5 мільярд

-Will participate in Shanghai Kitchen & Шоу ванни 2021

-Substitute for Panasonic and other famous companies

У травні 14, KVK released its annual report for fiscal year 2020 (Квітень 2020 до березня 2021). у фінансовому році 2020, KVK achieved sales of 25.441 мільярд ієни (приблизно rmb 1.502 мільярд), Збільшення 3.7% щорічно. Net income attributable to shareholders of the parent company also increased by 29.1% до 2.196 мільярд ієни (приблизно rmb 130 мільйон). KVK is known in the industry for its faucet hardware products. The company said that non-contact products are receiving attention under the epidemic. Як результат, 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 мільярд ієни, the China production base only contributed 382 мільйон ієн. It reflects that KVK’s sales business in China market is still in preliminary stage. Проте, 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 до 29 цього року.

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, ціла ванна кімната, vanity, туалет, wall material, water heater, тощо)

-Full-year sales of approximately RMB 11.3 мільярд

-Bathroom sales declined the most

-Significant sales growth expected in the next fiscal year

У травні 14, Takara Standard announced its annual report for fiscal year 2020 ending March 2021, reporting sales of 192.1 мільярд ієни (приблизно 11.345 мільярд юанів) from April 2020 до березня 2021, зменшення 4.6% year on year. Net income attributable to shareholders of the parent company was 7.5 мільярд ієни (приблизно 443 Мільйон юанів), зменшення 12.2% щорічно.

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, ванна кімната, і суєти. The three categories accounted for 60.1%, 21.5%, і 11.7% загального продажу, відповідно, with declines of varying degrees compared to the previous year. Серед них, the bathroom category experienced the largest decline, в 8.1%.

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

Очищення (Major products: total kitchens, total bathrooms, суєти, ванна, тощо)

-Full-year sales of approximately RMB 6.2 мільярд

-Kitchen and bathroom divisions declined by 2.3% і 7.2% відповідно

-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 до березня 2021, Очищення досягнуто продажів 104.185 мільярд ієни (6.153 мільярд юанів), вниз 3.1% щорічно. Of this total, sales in the kitchen division were 82.356 мільярд ієни, зменшення 2.3%. Sales in the bathroom segment were 14.816 мільярд ієни, зменшення 7.2%. Despite the decline in sales in each division, net income attributable to shareholders of the parent company increased by 19.2% до 1.746 мільярд ієни (про 103 Мільйон юанів).

Cleanup said that the company took several measures under the epidemic to allow customers to access the company’s products through various means. В той самий час, 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, відповідно. 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, вгору 5.6%, and net income of 1.8 мільярд ієни, вгору 3.1%.

Asahi Weitao (Major products: туалети, vanity tops, крани, шафи для ванної кімнати, кухня, тощо)

-Full fiscal year sales of approximately RMB 100 мільйон

-Entered China market through Hong Kong branch

On April 14, Asahi Weitao reported its fiscal first quarter ended February 28, 2021. The company achieved sales of 433 мільйон ієн (about RMB26 million) in the previous three months, вниз 21.8% щорічно. It achieved a net profit of ¥04 million (Про RMB 236.2 мільйон), вниз 35.3% щорічно. 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) у 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 мільярд ієни (Про RMB 1.039 мільйон), 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. Проте, a previously released statement mentioned an overseas affiliate, Weitao Enterprises (Hong Kong) ТОВ. According to the statement, in January this year, Asahi Pottery entered into a license agreement with Pottery Enterprises (Hong Kong) ТОВ. Asahi also said that Asahi has a strong network of contacts in the Chinese real estate industry. В майбутньому, it will strengthen its sales business in the Chinese market.