Tokyo Chuo Auction Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 March 2024
2024, as compared to the same period in last year, (ii) impairment loss on financial assets and (iii) equity-settled share-based payments recognised for the year. The decrease in the
revenue from art auction and related business was mainly due to unpredictability in the market demand, value and conditions for artworks and development of art auction
market in general, which adversely affected by the uncertainty of global economy and the financial markets.