Shinwa Wise Holdings Co., Ltd. Reports Consolidated Earnings Results for the Year Ended May 31, 2018; Provides Earnings Guidance for the Second Quarter of 2019; Provides Earnings Guidance for the Year Ending May 31,2 019
August 03, 2018 at 02:30 am
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Shinwa Wise Holdings Co., Ltd. reported consolidated earnings results for the year ended May 31, 2018. For the year, the company reported net sales of ¥2,781 million against ¥5,348 million a year ago. Operating income was ¥181 million against ¥364 million a year ago. Ordinary income was ¥265 million against ¥303 million a year ago. Income attributable to owners of parent was ¥257 million against ¥166 million a year ago. Net income per share was ¥40.93 against ¥28.13 a year ago. Cash flow from operating activities was ¥756 million against ¥1,550 million a year ago. Net income before income taxes and minority interests was ¥311,608,000 against ¥295,926,000 a year ago. Purchase of property, plant and equipment was ¥67,922,000 against ¥870,773,000 a year ago.
For the second quarter, the company expects net sales of ¥1,800 million, operating income of ¥30 million, ordinary income of ¥21 million, income attributable to owners of parent of ¥14 million or ¥2.19 per share.
For the year, the company expects net sales of ¥3,800 million, operating income of ¥74 million, ordinary income of ¥60 million, income attributable to owners of parent of ¥50 million or ¥7.87 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. Reports Consolidated Earnings Results for the Year Ended May 31, 2018; Provides Earnings Guidance for the Second Quarter of 2019; Provides Earnings Guidance for the Year Ending May 31,2 019
SHINWA WISE HOLDINGS CO.,LTD. 