Shinwa Wise Holdings Co.,Ltd. Announces Consolidated Financial Results for the Six Months Ended November 30, 2019; and Provides Financial Guidance for the Fiscal Year Ending May 31, 2020
January 31, 2020 at 03:00 am
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Shinwa Wise Holdings Co.,Ltd. announced consolidated financial results for the six months ended November 30, 2019. For the period, the company reported Net sales of JPY 1,151,105,000 against JPY 1,962,966,000 a year ago. Operating income was negative JPY 130,942,000 against JPY 50,084,000 a year ago. Net loss was JPY 109,522,000 against JPY 8,879,000 a year ago. Net loss per share were JPY 16.25 against JPY 1.57 a year ago.
The company also provided financial guidance for the Fiscal Year ending May 31, 2020. The company expected Net sales of JPY 2,726 million, operating income of JPY 79 million, Income attributable to owners of parent of JPY 22 million and Net profit per share of JPY 3.34.
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 Financial Results for the Six Months Ended November 30, 2019; and Provides Financial Guidance for the Fiscal Year Ending May 31, 2020
SHINWA WISE HOLDINGS CO.,LTD. 