Shinwa Art Auction Co., Ltd. expects to pay JPY 7.20 per share for the fiscal year ending May 31, 2018.

Shinwa Art Auction Co., Ltd. announced consolidated earnings results for the first quarter ended August 31, 2017. For the quarter, the company's net sales were JPY 301 million against JPY 1,071 million a year ago. Operating loss was JPY 153 million against income of JPY 5 million a year ago. Ordinary loss was JPY 163 million against JPY 2 million a year ago. Net loss attributable to owners of parent was JPY 108 million against JPY 10 million a year ago. Net loss per share was JPY 17.74 against JPY 1.76 a year ago. Net loss before income taxes and minority interests was JPY 163,937,000 against JPY 2,540,000 a year ago.

For the six months of fiscal year ending May 31, 2018, on consolidated basis, the company expects net sales of JPY 2,249 million, operating income of JPY 139 million, ordinary income of JPY 102 million and income attributable to owners of parent of JPY 59 million or JPY 9.88 per share.

For the full year ending May 31, 2018, on consolidated basis, the company expects net sales of JPY 5,960 million, operating income of JPY 432 million, ordinary income of JPY 374 million and income attributable to owners of parent of JPY 227 million or JPY 37.58 per share.