Shinwa Art Auction Co., Ltd. reported consolidated earnings results for the second quarter ended November 30, 2015. For the quarter, net sales were JPY 1,726 million against JPY 816 million a year ago. Operating income was JPY 169 million against operating loss of JPY 12 million a year ago. Ordinary income was JPY 160 million against ordinary loss of JPY 15 million a year ago. Income attributable to owners of parent was JPY 96 million against loss attributable to owners of parent of JPY 24 million a year ago. Net income per share was JPY 16.95 against net loss per share of JPY 4.37 a year ago. Net income before income taxes and minority interests was JPY 164,196,000 against net loss before income taxes and minority interests JPY 15,175,000 a year ago. Net cash provided by operating activities was JPY 374,082,000 against net cash used in operating activities of JPY 178,630,000 a year ago. Purchase of property, plant and equipment was JPY 24,108,000 against JPY 444,000 a year ago.

For the fiscal year ending May 31, 2016, the company expects net sales of JPY 3,297 million, operating income of JPY 263 million, ordinary income of JPY 247 million, and income attributable to owners of parent of JPY 160 million, net profit per share of JPY 27.95 million.