Shinwa Wise Holdings Co., Ltd. Provides Dividend Guidance for the Year Ending May 31, 2018; Reports Consolidated Earnings Results for the Six Months Ended Nov. 30, 2017; Provides Earnings Guidance for the Fiscal Year Ending May 31, 2018
January 30, 2018 at 01:30 am EST
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Shinwa Wise Holdings Co., Ltd. provided dividend guidance for the year ending May 31, 2018. For the year, the company expects dividend of ¥7.20 per share against ¥7.20 per share paid year ago.
The company reported consolidated earnings results for the six months ended Nov. 30, 2017. For the six months, the company reported net sales of JPY 1,210 million against JPY 1,794 million a year ago. Operating loss was JPY 38 million against nil a year ago. Ordinary loss was JPY 65 million against JPY 36 million a year ago. Loss attributable to owners of parent was JPY 73 million against JPY 37 million a year ago. Quarterly net income per share was JPY 11.76 against JPY 6.53 a year ago. Net loss before income taxes and minority interests was JPY 86.669 million against JPY 34.779 million a year ago. Net cash provided by operating activities was JPY 956.525 million against net cash used in operating activities of JPY 1,145,843 million a year ago. Purchase of property, plant and equipment was JPY 5.422 million against JPY 848.793 million a year ago.
For the fiscal year ending May 31, 2018, the company expects net sales of JPY 5,960 million, operating income of JPY 432 million, ordinary income of JPY 374 million and income attributable to owners of parent of JPY 227 million or JPY 37.58 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. Provides Dividend Guidance for the Year Ending May 31, 2018; Reports Consolidated Earnings Results for the Six Months Ended Nov. 30, 2017; Provides Earnings Guidance for the Fiscal Year Ending May 31, 2018
SHINWA WISE HOLDINGS CO.,LTD. 
