Shinwa Art Auction Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended August 31, 2015; Provides Earnings Guidance for the Six Months of 2016; Provides Earnings Guidance for the Full Year Ending May 31, 2016
October 14, 2015 at 04:30 pm
Share
Shinwa Art Auction Co., Ltd. reported consolidated earnings results for the first quarter ended August 31, 2015. For the quarter, net sales were JPY 455 million against JPY 262 million a year ago. Operating income was JPY 47 million against JPY 65 million a year ago. Ordinary income was JPY 51 million against JPY 67 million a year ago. Income attributable to owners of parent was JPY 35 million against JPY 50 million a year ago. Net income per share was JPY 6.16 against JPY 8.86 a year ago. Net loss before income taxes and minority interests was JPY 48,816,000 against JPY 67,667,000 a year ago.
For the six months of 2016, the company expects net sales of JPY 1,299 million, operating income of JPY 46 million, ordinary income of JPY 35 million, and income attributable to owners of parent of JPY 30 million, net profit per share of JPY 5.34 million.
For the full year ending May 31, 2016, the company expects net sales of JPY 3,113 million, operating income of JPY 182 million, ordinary income of JPY 158 million, and income attributable to owners of parent of JPY 100 million, net profit per share of JPY 17.67 million.
Shinwa Wise Holdings Co Ltd is a Japan-based company mainly engaged in auction related business and energy related business. It has two business segments. Art related segment is divided into auction business and private sale and other business. Auction business holds modern art auctions, modern ceramic art auctions and modern art Part II auctions according to the works and price ranges handled. It also holds auctions of postwar and contemporary art, Western art, wine and liquor, MANGA, brand miscellaneous goods, watches, jewelry and others. Private sales and other businesses mainly involve in private sales of asset defense diamonds as well as paintings, which are negotiated transactions other than auctions. The Other Business segment is engaged in the electricity sales business of solar power generation facilities. In Malaysia, the Company is also engaged in the sales business of palm kernel shells (PKS), which are used as fuel for biomass power generation.
Shinwa Art Auction Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended August 31, 2015; Provides Earnings Guidance for the Six Months of 2016; Provides Earnings Guidance for the Full Year Ending May 31, 2016
SHINWA WISE HOLDINGS CO.,LTD. 
