Shinwa Wise Holdings Co., Ltd. Reports Consolidated Earnings Results for the Year Ended May 31, 2019; Provides Consolidated Earnings Guidance for the First Six Months and Full Year for the Year Ending May 31, 2020
July 31, 2019 at 12:00 pm IST
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Shinwa Wise Holdings Co. Ltd. reported consolidated earnings results for the year ended May 31, 2019. For the year, the company reported net sales of ¥2,932,458,000 against ¥2,781,368,000 a year ago. Operating loss was ¥86,047,000 against ¥181,854,000 a year ago. Net loss was ¥56,203,000 against ¥258,722,000 a year ago. Net loss per share was ¥8.66 against ¥40.93 a year ago.
For the six months, on consolidated basis, the company expects net sales of ¥1,148 million, operating loss of ¥58 million, loss attributable to owners of parent of ¥68 million or ¥10.32 per share.
For the year, on consolidated basis, the company expects net sales of ¥2,726 million, operating income of ¥79 million, income attributable to owners of parent of ¥22 million or ¥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. Reports Consolidated Earnings Results for the Year Ended May 31, 2019; Provides Consolidated Earnings Guidance for the First Six Months and Full Year for the Year Ending May 31, 2020
SHINWA WISE HOLDINGS CO.,LTD. 
