Shinwa Wise Holdings Co.,Ltd. Announces Consolidated Earnings Results for the Six Months Ended November 30, 2018; Provides Earnings Guidance for the Full Year Ending May 31, 2019
January 30, 2019 at 10:30 pm
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Shinwa Wise Holdings Co.,Ltd. announced consolidated earnings results for the six months ended November 30, 2018. For the period, the company reported net sales of JPY 1,962 million against JPY 1,210 million a year ago. Operating income was JPY 50 million against JPY 38 million a year ago. Income attributable to owners of parent was JPY 10 million or JPY 1.57 per share against JPY 73 million or JPY 11.76 per share a year ago.
The company provided earnings guidance for the full year ending May 31, 2019. For the year, the company expects to report net sales of JPY 3,000 million, operating income JPY 74 million income attributable to owners of parent of JPY 50 million or JPY 7.66 per share.
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 Wise Holdings Co.,Ltd. Announces Consolidated Earnings Results for the Six Months Ended November 30, 2018; Provides Earnings Guidance for the Full Year Ending May 31, 2019
SHINWA WISE HOLDINGS CO.,LTD. 
