Shinwa Wise Holdings Co.,Ltd. Announces Consolidated Earnings Results for the First Quarter Ended August 31, 2019; Provides Consolidated Earnings Guidance for the Six Months and Full Fiscal Year of Ending May 31, 2020
October 28, 2019 at 01:00 pm IST
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Shinwa Wise Holdings Co.,Ltd. announced consolidated earnings results for the first quarter ended August 31, 2019. For the quarter, the company's net sales were JPY 270 million against JPY 894 million a year ago. Operating loss was JPY 164 million against JPY 3 million a year ago. Net loss attributable to owners of parent was JPY 123 million against JPY 26 million a year ago. Net loss per share was JPY 18.74 against JPY 4.07 a year ago
For the six months of fiscal year ending May 31, 2020, on consolidated basis, the company expects net sales of JPY 1,148 million, operating loss of JPY 58 million and loss attributable to owners of parent of JPY 68 million or JPY 10.32 per share.
For the full year ending May 31, 2020, on consolidated basis, the company expects net sales of JPY 2,726 million, operating income of JPY 79 million and income attributable to owners of parent of JPY 22 million or JPY 3.34 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 First Quarter Ended August 31, 2019; Provides Consolidated Earnings Guidance for the Six Months and Full Fiscal Year of Ending May 31, 2020
SHINWA WISE HOLDINGS CO.,LTD. 
