Shinwa Art Auction Co., Ltd. announced year end dividend of ¥7 per share, against ¥6 per share paid a year ago, for the year ended May 31, 2016, payable on August 31, 2016.

The company also expects to pay year end dividend of ¥7 per share for the year ending May 31, 2017.

The company reported consolidated earnings results for the year ended May 31, 2016. For the period, the company's net sales were ¥3,898,100,000 against ¥2,948,057,000 a year ago. Operating income was ¥356,293,000 against ¥77,764,000 a year ago. Net income was ¥163,412,000 against ¥11,743,000 a year ago. Net income attributable to owners of parent was ¥164,149,000 against ¥16,368,000 a year ago. Cash flow from operating activities was ¥279,519,000 against ¥490,750,000 a year ago. Purchase of property, plant and equipment was ¥24,480,000 against ¥280,255,000 a year ago. Purchase of intangible assets was ¥6,500,000. Diluted net income per share was ¥28.30 against ¥2.51 a year ago.

For the six months of 2017, the consolidated company expects net sales to be ¥2,069 million. Operating income to be ¥176 million. Income attributable to owners of parent to be ¥98 million or ¥17.12 per share.

For the year ending May 31, 2017, the consolidated company expects net sales to be ¥4,299 million. Operating income to be ¥417 million. Income attributable to owners of parent to be ¥225 million or ¥39.29 per share.